Producer prices for final demand in the US were up 0.7% mom in August of 2021, the lowest reading in 3 months and compared with market forecasts of 0.6%. Prices for services moved up 0.7%, mainly due to margins for health, beauty, and optical goods retailing; transportation of passengers; chemicals and allied products wholesaling; bundled wired telecommunications access services; machinery and equipment parts and supplies wholesaling, and travel and accommodation. Cost of goods increased 1%, mainly boosted by an 8.5% jump in meat prices. Prices for residential natural gas, industrial chemicals, processed young chickens, motor vehicles, and steel mill products also moved higher. Meanwhile, the annual producer inflation continues to accelerate to 8.3%, the highest since November of 2010. source: U.S. Bureau of Labor Statistics
Producer Prices in the United States averaged 111.64 points from 2009 until 2021, reaching an all time high of 128.20 points in August 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 September of 2021.
Producer Prices in the United States is expected to be 128.67 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Producer Prices is projected to trend around 130.25 points in 2022 and 132.98 points in 2023, according to our econometric models.