Producer prices for final demand in the US increased 0.2 percent from a month earlier in April of 2019, easing from a 0.6 percent gain in March and in line with market expectations. Energy cost rose 1.8 percent, slowing from a 5.6 percent jump in March and services inflation eased to 0.1 percent in April from 0.3 percent. Meanwhile, food prices decreased 0.2 percent, down from a 0.3 percent advance in the prior month. The core index, which excludes food and energy, edged up 0.1 percent from the previous month, after a 0.3 percent gain in March and below consensus of 0.2 percent. On a yearly basis, producer prices rose 2.2 percent and the core index advanced 2.4 percent. Producer Prices in the United States averaged 109.54 Index Points from 2009 until 2019, reaching an all time high of 118.10 Index Points in April of 2019 and a record low of 100.20 Index Points in November of 2009.
Producer Prices in the United States is expected to be 118.84 Index 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 119.71 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 124.62 Index Points in 2020, according to our econometric models.