Producer prices for final demand in the US jumped 1% mom in June of 2021, higher than market forecasts of 0.6%, and following a 0.8% rise in May. Nearly 60% of the PPI rise is due to a 0.8% increase in services cost, namely margins for automobiles and automobile parts retailing. Cost of goods increased 1.2%, mainly industrial chemicals, gasoline, meats, electric power, processed poultry, and motor vehicles. Year-on-year, producer prices increased 7.3%, the largest advance since the current series began in November 2010. source: U.S. Bureau of Labor Statistics
Producer Prices in the United States averaged 111.41 points from 2009 until 2021, reaching an all time high of 126 points in June 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 July of 2021.
Producer Prices in the United States is expected to be 123.92 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 127.89 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.