Producer prices in the US were up 0.2% month-over-month in March 2024, the smallest increase in three months, following a 0.6% rise in February and below forecasts of 0.3%. Prices for services rose 0.3%, the same as in February, led by gains in securities brokerage, dealing, investment advice, and related services (3.1%). Cost also moved higher for professional and commercial equipment wholesaling; airline passenger services; investment banking; deposit services (partial); and computer hardware, software, and supplies retailing. On the other hand, goods cost went down 0.1%, following a 1.2% rise in the previous month, as gasoline dropped 3.6%. Other declines were also seen in prices for chicken eggs, carbon steel scrap, jet fuel, and fresh fruits and melons. Year-on-year, the PPI rose 2.1%, the most since April 2023, after 1.6% in February. The core index increased 0.1% on the month, pushing the annual rate higher to 2.4%. source: U.S. Bureau of Labor Statistics
Producer Price Inflation MoM in the United States decreased to 0.20 percent in March from 0.60 percent in February of 2024. Producer Price Inflation MoM in the United States averaged 0.22 percent from 2009 until 2024, reaching an all time high of 1.60 percent in March of 2022 and a record low of -1.20 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 April of 2024.
Producer Price Inflation MoM in the United States decreased to 0.20 percent in March from 0.60 percent in February of 2024. Producer Price Inflation MoM in the United States is expected to be 0.20 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 0.30 percent in 2025, according to our econometric models.