Producer prices for final demand in the US increased 0.3 percent from a month earlier in December 2020, following a 0.1 percent rise in November and slightly lower than market consensus of a 0.4 percent gain. Prices of goods went up 1.1 percent, the largest increase since moving up 1.5 percent in May. Nearly half of the December increase is due to gasoline prices, which jumped 16.1 percent. The indexes for iron and steel, diesel fuel, jet fuel, meats, and home heating oil also moved higher. In contrast, prices of services edged down 0.1 percent, the first decrease since falling 0.4 percent in April. Leading the December decline, margins for final demand trade services decreased 0.8 percent and cost of transportation and warehousing services edged down 0.1 percent. source: U.S. Bureau of Labor Statistics
Producer Prices in the United States averaged 110.87 points from 2009 until 2020, reaching an all time high of 119.80 points in December of 2020 and a record low of 100.20 points in November of 2009. This page provides the latest reported value for - United States Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Producer Prices in the United States is expected to be 119.61 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in the United States to stand at 124.62 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 121.77 points in 2022 and 124.32 points in 2023, according to our econometric models.