Producer prices for final demand in the US edged up 0.2% mom in December of 2021, well below an upwardly revised 1% rise in November and lower than market forecasts of 0.4%. Cost of services rose 0.5%, mainly due to margins for fuels and lubricants retailing (13%), airline passenger services, food retailing, machinery and vehicle wholesaling, machinery and equipment parts and supplies wholesaling, and traveler accommodation services. On the other hand, prices for goods declined 0.4%, the first decrease since April of 2020, as gasoline cost declined 6.1%. Prices for meats, gas fuels, fresh and dry vegetables, diesel fuel, and primary basic organic chemicals also went down. The annual producer inflation rate eased to 9.7% from a record 9.8% in November. source: U.S. Bureau of Labor Statistics
Producer Price Inflation MoM in the United States averaged 0.19 percent from 2009 until 2021, reaching an all time high of 1.20 percent in January of 2021 and a record low of -1.10 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 January of 2022.
US Monthly Producer Inflation Slows in December
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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.