The Producer Price Index for final demand in the US rose 0.2% month-over-month in October of 2022, the same as a downwardly revised 0.2% increase in September and below market forecasts of 0.4%. Goods cost went up 0.6%, the largest advance since a 2.2% rise in June, mainly pushed by a 5.7% jump in gasoline cost. Prices for diesel fuel, fresh and dry vegetables, residential electric power, chicken eggs, and oil field and gas field machinery also advanced. In contrast, the index for passenger cars declined 1.5%. Meanwhile, services cost fell 0.1%, the first decline since November of 2020. Prices for fuels and lubricants retailing were down 7.7% and prices also moved lower for portfolio management, long-distance motor carrying, automobile retailing, and professional and commercial equipment wholesaling. In contrast, cost for hospital inpatient care increased 0.8%. Compared to the same month in 2021, producer prices were up 8%, the smallest increase since July last 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 1.70 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 December of 2022.

Producer Price Inflation MoM in the United States is expected to be 0.30 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.

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United States Producer Price Inflation MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-10-12 12:30 PM Sep 0.4% -0.2% 0.2% 0%
2022-11-15 01:30 PM Oct 0.2% 0.2% 0.4% 0.3%
2022-12-09 01:30 PM Nov 0.2% 0.2% 0.3%


Related Last Previous Unit Reference
Inflation Rate 7.70 8.20 percent Oct 2022
Producer Prices 140.39 140.08 points Oct 2022
Producer Prices Change 8.00 8.40 percent Oct 2022
Core Producer Prices YoY 6.70 7.10 percent Oct 2022
Core Producer Prices MoM 0.00 0.20 percent Oct 2022
Core Producer Prices 136.60 136.60 points Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 1.70 -1.30 2009 - 2022 percent Monthly
SA

News Stream
US Producer Inflation Lower than Forecasts
The Producer Price Index for final demand in the US rose 0.2% month-over-month in October of 2022, the same as a downwardly revised 0.2% increase in September and below market forecasts of 0.4%. Goods cost went up 0.6%, the largest advance since a 2.2% rise in June, mainly pushed by a 5.7% jump in gasoline cost. Prices for diesel fuel, fresh and dry vegetables, residential electric power, chicken eggs, and oil field and gas field machinery also advanced. In contrast, the index for passenger cars declined 1.5%. Meanwhile, services cost fell 0.1%, the first decline since November of 2020. Prices for fuels and lubricants retailing were down 7.7% and prices also moved lower for portfolio management, long-distance motor carrying, automobile retailing, and professional and commercial equipment wholesaling. In contrast, cost for hospital inpatient care increased 0.8%. Compared to the same month in 2021, producer prices were up 8%, the smallest increase since July last year.
2022-11-15
US Producer Prices Rise for 1st Time in 3 Months
The Producer Price Index for final demand in the US went up 0.4% month-over-month in September of 2022, the first increase in three months, and twice the market expectation of a 0.2% rise. Cost of services rose 0.4%, with prices for traveler accommodation services jumping 6.4%. The indexes for food and alcohol retailing (2.6%), portfolio management (2.1%), machinery and vehicle wholesaling (1.5%), oil and gas well drilling services, and hospital inpatient care (0.4%) also rose. Cost of goods went up 0.4%, with food prices rising 1.2%, namely fresh and dry vegetables (15.7%). Prices for diesel fuel (9.1%), residential natural gas (2.6%), chicken eggs (16.7%), home heating oil (10.7%), and pork (5.5%) also moved higher. Conversely, the index for gasoline fell 2%. Year-on-year, producer prices rose 8.5%, the smallest rate since July last year, but slightly above forecasts of 8.4%.
2022-10-12
US Producer Prices Fall for 2nd Month
The Producer Price Index for final demand in the US fell 0.1% month-over-month in August of 2022, following a 0.4% drop in July and in line with forecasts. Prices of goods went down 1.2%, led by a 12.7% drop in gasoline cost. Prices for diesel fuel, jet fuel, chicken eggs, primary basic organic chemicals, and home heating oil also declined. In contrast, prices of services went up 0.4%, a fourth consecutive rise, mainly due to margins for fuels and lubricants retailing (14.2%). Year-on-year, producer prices increased 8.7%, the least in a year and below 9.8% in July. The core index went up 0.4% on the month and 7.3% on the year.
2022-09-14