Producer prices in the US increased 0.8% mom in May of 2022, following a 0.4% rise in April and matching forecasts. Prices of goods went up 1.4% with the biggest jump reported for gasoline (8.4%) followed by jet fuel, residential natural gas, steel mill products, diesel fuel, and processed young chickens. Cost of services went up 0.4%, with transportation and warehousing services surging 2.9%, namely truck transportation of freight. Compared to the previous year, prices paid to US producers rose 10.8%, slowing further from a 21-year high of 11.5% hit in March. Excluding food, energy, and trade services components, producer prices rose 0.5% compared to the previous month (slightly less than forecasts of 0.6%) and 6.8% compared to the previous year. source: U.S. Bureau of Labor Statistics
Producer Price Inflation MoM in the United States averaged 0.22 percent from 2009 until 2022, reaching an all time high of 1.60 percent in March of 2022 and a record low of -1.30 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 June of 2022.
Producer Price Inflation MoM in the United States is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Producer Price Inflation MoM is projected to trend around 0.20 percent in 2023, according to our econometric models.