Producer prices for final demand in the US jumped 1.3 percent from a month earlier in January 2021, following a 0.3 percent increase in December and easily beating market consensus of a 0.4 percent gain. It was the largest advance since the series began in December 2009, mainly due to a record 1.3 percent rise in cost of services. Prices for final demand services less trade, transportation, and warehousing climbed 1.4 percent, while the indexes for final demand trade services and for final demand transportation and warehousing services also moved higher, 1.0 percent and 1.3 percent, respectively. Meanwhile, goods prices moved up 1.4 percent, the largest increase since May 2020, due to a 5.1 percent jump in energy cost. On a yearly basis, producer prices advanced 1.7 percent in January, also beating forecasts of 0.9 percent. source: U.S. Bureau of Labor Statistics
Producer Prices in the United States averaged 110.95 points from 2009 until 2021, reaching an all time high of 121.30 points in January 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 March of 2021.
Producer Prices in the United States is expected to be 119.75 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 121.96 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 124.15 points in 2022 and 126.76 points in 2023, according to our econometric models.