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.

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United States Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
119.80 119.40 119.80 100.20 2009 - 2020 points Monthly
2009M11=100; SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-14 12:30 PM Sep 0.4% 0.3% 0.2% 0.3%
2020-11-13 01:30 PM Oct 0.3% 0.4% 0.2% 0.2%
2020-12-11 01:30 PM Nov 0.1% 0.3% 0.2% 0.2%
2021-01-15 01:30 PM Dec 0.3% 0.1% 0.4% 0.2%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Producer Prices Rise Slightly Less than Expected
Producer prices for final demand in the US increased 0.3 percent from a month earlier in December of 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. Year-on-year, producer prices went up 0.8 percent, the same as in November.
2021-01-15
US Producer Prices Rise Less than Forecast
Producer prices for final demand in the US edged up 0.1 percent from a month earlier in November 2020, following a 0.3 percent increase in October and slightly missing market consensus of a 0.2 percent gain. Goods prices rose 0.4 percent, the seventh consecutive advance, mainly boosted by a 1.2 percent increase in energy cost. Meanwhile, services prices were unchanged after increasing 0.2 percent in October. The core index which excludes food and energy was also 0.1 percent higher in November, compared with expectations of 0.2 percent. Year-on-year, producer prices went up 0.8 percent and the core index increased 1.4 percent.
2020-12-11
US Producer Prices Rise for 6th Month
Producer prices for final demand in the US increased 0.3 percent from a month earlier in October of 2020, following a 0.4 percent rise in September and slightly above market expectations of a 0.2 percent gain. Cost of goods advanced 0.5 percent, after increasing 0.4 percent in the prior month, led by a 2.4 percent jump in cost for foods. Prices of services went up 0.2 percent, lower than 0.4 percent in September, led by a 1.1 percent advance in cost of transportation and warehousing services. Year-on-year, producer prices went up 0.5 percent, after a 0.4 percent gain, marking the largest gain since February. The core index which excludes food and energy went up 0.1 percent month-over-month, below 0.4 percent in September. The annual rate edged lower to 1.1 percent from 1.2 percent.
2020-11-13
US Producer Prices Rise More than Expected
Producer prices for final demand in the US increased 0.4 percent from a month earlier in September of 2020, following a 0.3 percent rise in August and above market expectations of a 0.2 percent gain. Cost of goods advanced 0.4 percent, after increasing 0.1 percent in the prior month, led by a 14.7 percent rise in cost for iron and steel. Prices of services went up 0.4 percent, lower than 0.5 percent in August, led by a 3.9 percent advance in the index for traveler accommodation services. Year-on-year, producer prices went up 0.4 percent, after falling 0.2 percent in the prior month and compared to forecasts of a 0.2 percent gain. The core index which excludes food and energy went up 0.4 percent month-over-month, the same as in August. The annual rate increased to 1.2 percent from 0.6 percent.
2020-10-14

United States Producer Prices
In the United States, the Producer Price Index for final demand measures price change for commodities sold for personal consumption, capital investment, government, and export. It is composed of six main price indexes: final demand goods (33 percent of the total weight), which includes food and energy; final demand trade services (20 percent); final demand transportation and warehousing services (4 percent); final demand services less trade, transportation, and warehousing (41 percent); final demand construction (2 percent); and overall final demand.