Producer prices for final demand in the US edged up 0.1 percent from the previous month in December 2019, after being unchanged in November and missing market expectations of 0.2 percent rise. Goods inflation held steady at 0.3 percent boosted by a 3.7 percent advance in gasoline prices. Cost for diesel fuel, fresh fruits and melons, carbon steel scrap, residential electric power, and pork also moved higher, while there were declines in prices for beef and veal, jet fuel and plastic resins and materials. Meanwhile, services prices were unchanged following a 0.3 percent decrease in November, as a 2.7 percent advance in transportation and warehousing services costs were offset by a 0.3 percent decline in margins for trade services and a 0.1 percent decrease in prices for services less trade, transportation, and warehousing. Core producer prices were also 0.1 percent higher, missing forecasts of 0.2 percent. Year-on-year, the PPI rose 1.3 percent and the core index went up 1.1 percent. Producer Prices in the United States averaged 110.13 points from 2009 until 2019, reaching an all time high of 118.80 points in December of 2019 and a record low of 100.20 points in November of 2009.

Producer Prices in the United States is expected to be 119.70 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 121.41 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 126.57 points in 2020, according to our econometric models.

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United States Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
118.80 118.70 118.80 100.20 2009 - 2019 points Monthly
2009M11=100; SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 12:30 PM Sep -0.3% 0.1% 0.1% 0.2%
2019-11-14 01:30 PM Oct 0.4% -0.3% 0.3% 0.4%
2019-12-12 01:30 PM Nov 0% 0.4% 0.2% 0.1%
2020-01-15 01:30 PM Dec 0.1% 0% 0.2% 0.2%


News Stream
2019-11-14
US Producer Prices Rise More than Expected
Producer prices for final demand in the US rose 0.4 percent from a month earlier in October 2019, reversing a 0.3 percent drop in September and beating market expectations of a 0.3 percent gain. Services prices moved up 0.3 percent (vs -0.2 percent in September), boosted by margins for apparel, jewelry, footwear, and accessories retailing. Goods cost climbed 0.7 percent (vs -0.4 percent in September) due to prices for gasoline, fresh and dry vegetables, residential electric power, basic organic chemicals, corn, and diesel fuel. Excluding food and energy, producer prices increased 0.3 percent, also beating market consensus of 0.2 percent. Year-on-year, the PPI rose 1.1 percent, the smallest increase since October 2016; and the core index went up 1.6 percent.

2019-10-08
US Producer Prices Post Biggest Fall in 8 Months
Producer prices for final demand in the US fell 0.3 percent from a month earlier in September 2019, after a 0.1 percent gain in August and below market expectations of 0.1 percent advance. That was the largest decline in producer prices since January, as cost of both goods and services decreased. Excluding food and energy, producer prices also dropped 0.3 percent in September, the largest drop since February 2015 and compared to market consensus of 0.2 percent gain. Year-on-year, the PPI rose 1.4 percent, the smallest increase since November 2016 and below forecasts of 1.8 percent; and the core index rose 2 percent, also below expectations of 2.3 percent.

2019-09-11
US Producer Prices Unexpectedly Rise
Producer prices for final demand in the US rose 0.1 percent from a month earlier in August 2019, after a 0.2 percent gain in July and above market expectations of a flat reading. The cost of services jumped (0.3 percent vs -0.1 percent) while goods prices posted the biggest decline in seven months (-0.5 percent vs 0.4 percent). Excluding food and energy, producer prices advanced 0.3 percent in August after falling for the first time in two-and-a-half years in July. Year-on-year, the PPI rose 1.8 percent, beating market consensus of 1.7 percent; and the core index rose 2.3 percent, also above forecasts of 2.2 percent.

2019-08-09
US Producer Prices Rise 0.2% on Energy Cost
Producer prices for final demand in the US rose 0.2 percent from a month earlier in July 2019, after a 0.1 percent gain in June, boosted by a rebound in energy prices. Excluding food and energy, producer prices dropped 0.1 percent in July, the first decline since February 2017 and below forecasts of a 0.2 percent advance. Year-on-year, the PPI rose 1.7 percent, matching the smallest annual gain since January 2017; while the core index rose 2.1 percent, below consensus of 2.4 percent.

2019-07-12
US Producer Prices Rise Slightly in June
Producer prices for final demand in the US edged up 0.1 percent from a month earlier in June 2019 after a similar advance in May while markets had forecast a flat reading. An increase in services costs was partially offset by declines in energy and other goods prices. Excluding food and energy, producer prices were up 0.3 percent in June, beating forecasts of 0.2 percent. Year-on-year, the PPI rose 1.7 percent, the smallest annual gain since January 2017; while the core index rose 2.3 percent, above consensus of 2.2 percent.

2019-06-11
US Producer Prices Rise 0.1% in May
Producer prices for final demand in the US edged up 0.1 percent from a month earlier in May 2019 after increasing 0.2 percent in April, as an increase in services costs was partially offset by declines in energy and food prices. Excluding food and energy, producer prices were 0.2 percent higher in May, following a 0.1 percent gain in April. Year-on-year, the PPI climbed 1.8 percent, slowing from April's 2.2 percent advance; while the core index rose 2.3 percent, slightly below the previous month's 2.4 percent.


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.

United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.10 23.70 -15.80 percent [+]
Inflation Rate Mom 0.20 0.30 1.80 -1.80 percent [+]
Consumer Price Index CPI 258.50 257.94 258.50 23.51 points [+]
Core Consumer Prices 265.92 265.62 265.92 28.50 points [+]
Core Inflation Rate 2.30 2.30 13.60 0.00 percent [+]
GDP Deflator 112.66 112.19 112.66 12.85 points [+]
Producer Prices 118.80 118.70 118.80 100.20 points [+]
Producer Prices Change 1.30 1.10 19.57 -6.86 percent [+]
Export Prices 125.20 125.40 135.30 82.40 points [+]
Import Prices 125.00 124.60 147.50 75.00 points [+]
Food Inflation 1.80 2.00 36.70 -34.30 percent [+]
CPI Housing Utilities 268.24 267.93 268.24 30.50 points [+]
CPI Transportation 208.48 209.76 223.54 22.30 points [+]
Core Pce Price Index 112.40 112.24 112.40 16.73 points [+]
Core Producer Prices 118.10 118.00 118.20 99.90 points [+]
Pce Price Index 110.37 110.20 110.37 16.07 points [+]
Inflation Expectations 2.53 2.35 3.40 2.33 percent [+]