Producer prices for final demand in the US increased 0.8 percent from a month earlier in May 2021, following a 0.6 percent gain in April and beating market expectations of a 0.6 percent advance. Goods prices advanced 1.5 percent (vs 0.6 percent in April), boosted by cost for nonferrous metals; beef and veal; diesel fuel; gasoline; hay, hayseeds, and oilseeds; and motor vehicles. In addition, prices for food and energy increased 2.6 percent and 2.2 percent, respectively. Meanwhile, cost for services rose 0.6 percent in May, the fifth consecutive increase, mainly supported by a 0.7 percent rise in prices for trade services. Year-on-year, producer prices jumped 6.6 percent in May, the largest increase since the current series began in November 2010. source: U.S. Bureau of Labor Statistics
Producer Prices in the United States averaged 111.31 points from 2009 until 2021, reaching an all time high of 124.80 points in May of 2021 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 June of 2021.
Producer Prices in the United States is expected to be 125.60 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 125.07 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 125.37 points in 2022 and 128.00 points in 2023, according to our econometric models.