Producer prices in the US unexpectedly fell 0.5% month-over-month in July of 2022, following a downwardly revised 1% rise in June and beating market forecasts of a 0.2% increase. It is the first decline in the PPI in over two years, mostly due to a 16.7% drop in gasoline prices. Also, the cost of diesel fuel, gas fuels, oilseeds, iron and steel scrap, and grains moved lower. In contrast, cost of services edged up 0.1%, mainly due to a rise in prices for margins for fuels and lubricants retailing (12.3%) and transportation and warehousing services (0.4%). Also, producers paid more for services related to securities brokerage and dealing, hospital outpatient care, automobiles, automobile parts retailing, and transportation of passengers. On an annual basis, producer inflation fell to 9.8%, the lowest since October and compared to forecasts of 10.4%. source: U.S. Bureau of Labor Statistics

Producer Price Inflation MoM in the United States averaged 0.23 percent from 2009 until 2022, reaching an all time high of 1.60 percent in March of 2022 and a record low of -1.30 percent in April of 2020. This page includes a chart with historical data for the United States Producer Price Inflation MoM. United States Producer Price Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Producer Price Inflation MoM in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Producer Price Inflation MoM is projected to trend around 0.20 percent in 2023, according to our econometric models.

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United States Producer Price Inflation MoM



Related Last Previous Unit Reference
Inflation Rate 8.50 9.10 percent Jul 2022
Producer Prices 139.81 140.50 points Jul 2022
Producer Prices Change 9.80 11.30 percent Jul 2022
Core Producer Prices YoY 7.60 8.20 percent Jul 2022
Core Producer Prices MoM 0.20 0.40 percent Jul 2022
Core Producer Prices 135.80 135.30 points Jul 2022

United States Producer Price Inflation MoM
In the United States, the Producer Price Inflation MoM for final demand measures month-over-month changes in the price 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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.00 1.70 -1.30 2009 - 2022 percent Monthly
SA

News Stream
US Producer Prices Fall for 1st Time in Over 2 Years
Producer prices in the US unexpectedly fell 0.5% month-over-month in July of 2022, following a downwardly revised 1% rise in June and beating market forecasts of a 0.2% increase. It is the first decline in the PPI in over two years, mostly due to a 16.7% drop in gasoline prices. Also, the cost of diesel fuel, gas fuels, oilseeds, iron and steel scrap, and grains moved lower. In contrast, cost of services edged up 0.1%, mainly due to a rise in prices for margins for fuels and lubricants retailing (12.3%) and transportation and warehousing services (0.4%). Also, producers paid more for services related to securities brokerage and dealing, hospital outpatient care, automobiles, automobile parts retailing, and transportation of passengers. On an annual basis, producer inflation fell to 9.8%, the lowest since October and compared to forecasts of 10.4%.
2022-08-11
US Producer Inflation Accelerates
Producer prices for final demand in the US jumped 1.1% month-over-month in June of 2022, the most in three months and above market forecasts of 0.8%. Goods prices jumped 2.4%, much higher than 1.4% in May, with over half of the increase due to an 18.5% rise in gasoline prices. The indexes for diesel fuel, electric power, residential natural gas, motor vehicles and equipment, and processed young chickens also moved higher. Services cost rose 0.4%, slightly less than 0.6% in May, and mainly due to higher margins for food and alcohol retailing (3.8%). Prices for machinery and equipment wholesaling, outpatient care, transportation of passengers, guestroom rental, and hospital inpatient care also increased. Year-on-year, producer inflation accelerated to 11.3%, the largest increase since a record 11.6% in March. The core index however, which excludes cost of energy and food eased to an annual 8.2% from 8.3% and a monthly 0.4% from 0.6%.
2022-07-14
US Producer Prices Accelerate in May
Producer prices in the US increased 0.8% mom in May of 2022, following a 0.4% rise in April and matching forecasts. Prices of goods went up 1.4% with the biggest jump reported for gasoline (8.4%) followed by jet fuel, residential natural gas, steel mill products, diesel fuel, and processed young chickens. Cost of services went up 0.4%, with transportation and warehousing services surging 2.9%, namely truck transportation of freight. Compared to the previous year, prices paid to US producers rose 10.8%, slowing further from a 21-year high of 11.5% hit in March. Excluding food, energy, and trade services components, producer prices rose 0.5% compared to the previous month (slightly less than forecasts of 0.6%) and 6.8% compared to the previous year.
2022-06-14