Producer prices for final demand in the US edged up 0.1 percent from a month earlier in November 2020, following a 0.3 percent increase in October and slightly missing market consensus of a 0.2 percent gain. Goods prices rose 0.4 percent, the seventh consecutive advance, mainly boosted by a 1.2 percent increase in energy cost. Meanwhile, services prices were unchanged after increasing 0.2 percent in October. The core index which excludes food and energy was also 0.1 percent higher in November, compared with expectations of 0.2 percent. Year-on-year, producer prices went up 0.8 percent and the core index increased 1.4 percent. source: U.S. Bureau of Labor Statistics
Producer Prices in the United States averaged 110.81 points from 2009 until 2020, reaching an all time high of 119.40 points in November 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 December of 2020.
Producer Prices in the United States is expected to be 119.61 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 120.45 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 121.77 points in 2021 and 124.32 points in 2022, according to our econometric models.