Producer prices for final demand in the US fell 0.2 percent month-over-month in June of 2020, following a 0.4 percent increase in May and compared to market forecasts of a 0.4 percent rise. Prices of services were down 0.3 percent, the largest decrease since February, due to a 1.8 percent plunge in margins for final demand trade services, namely machinery and vehicle wholesaling. Cost of goods went up 0.2 percent, led by a 7.7 percent jump in energy, namely gasoline. Year-on-year, producer prices declined 0.8 percent, the same as in May and compared to forecasts of a smaller 0.2 percent decrease. The core index which excludes food and energy fell 0.3 percent month-over-month, following a 0.1 percent drop in the previous month and missing market expectations of a 0.1 percent increase. The annual rate slowed to 0.1 percent from 0.3 percent in May.
Producer Prices in the United States averaged 110.45 points from 2009 until 2020, reaching an all time high of 119.40 points in January of 2020 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 August of 2020.
Producer Prices in the United States is expected to be 118.65 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 119.06 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 121.54 points in 2021 and 124.10 points in 2022, according to our econometric models.