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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-14 12:30 PM
PPI MoM
Feb 0.6% 0.3% 0.3% 0.3%
2024-04-11 12:30 PM
PPI MoM
Mar 0.2% 0.6% 0.3% 0.4%
2024-05-14 12:30 PM
PPI MoM
Apr 0.2%

Components Last Previous Unit Reference
PPI Ex Food Energy and Trade Services 130.96 130.68 points Mar 2024
PPI Ex Food, Energy and Trade MoM 0.20 0.30 percent Mar 2024
PPI Ex Food, Energy and Trade YoY 2.80 2.70 percent Mar 2024

Related Last Previous Unit Reference
CPI 312.33 310.33 points Mar 2024
Core Consumer Prices 316.70 315.57 points Mar 2024
Core Inflation Rate YoY 3.80 3.80 percent Mar 2024
Core Inflation Rate MoM 0.36 0.36 percent Mar 2024
Core Producer Prices 141.70 141.20 points Mar 2024
Core PPI MoM 0.20 0.30 percent Mar 2024
Core PPI YoY 2.40 2.10 percent Mar 2024
CPI Core Core YoY 2.60 2.41 percent Mar 2024
CPI Housing Utilities 331.25 329.70 points Mar 2024
CPI s.a 312.23 311.05 points Mar 2024
CPI Transportation 272.49 266.64 points Mar 2024
Export Prices 149.00 148.60 points Mar 2024
Export Prices MoM 0.30 0.70 percent Mar 2024
Export Prices YoY -1.40 -2.00 percent Mar 2024
Food Inflation 2.20 2.20 percent Mar 2024
Import Prices 140.40 139.80 points Mar 2024
Import Prices MoM 0.40 0.30 percent Mar 2024
Import Prices YoY 0.40 -0.90 percent Mar 2024
Inflation Rate YoY 3.50 3.20 percent Mar 2024
Inflation Rate MoM 0.40 0.40 percent Mar 2024
PPI MoM 0.20 0.60 percent Mar 2024
PPI 143.69 143.47 points Mar 2024
PPI YoY 2.10 1.60 percent Mar 2024

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 0.60 1.60 -1.20 2009 - 2024 percent Monthly
SA

News Stream
US Producer Prices Rise Less than Expected
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%.
2024-04-11
US PPI Set to Rise for 3rd Straight Month
US producer prices likely rose by 0.3% in March 2024, following a 0.6% advance in February and marking the third consecutive month of cost increases. Meanwhile, the core rate, which excludes more volatile items like food and energy, is expected to have increased by 0.2%, representing a slowdown from the 0.3% rise observed the month before. Looking at yearly figures, it is projected that producer price inflation likely accelerated to 2.2% last month, up from the previous month's figure of 1.6%, while the core index is anticipated to have slightly picked up to 2.3% from 2.0%. Investors will scrutinize this data for insights into the Federal Reserve's policy direction, particularly following the release of Wednesday's unexpectedly high US consumer price data that prompted investors to reduce their expectations for potential rate cuts this year.
2024-04-11
US Producer Prices Rise the Most in 6 Months
The Producer Price Index for final demand in the United States rose by 0.6% month-over-month in February 2024, marking the largest increase since last August and surpassing market expectations of a 0.3% advance. Goods prices rose by 1.2%, the most in six months, primarily driven by a 4.4% surge in energy costs and a 1.0% uptick in food prices. Additionally, the cost of services moved up by 0.3%, following a 0.5% increase the previous month, with prices for transportation and warehousing services climbing 0.9% and those for trade declining 0.3%. Meanwhile, the core rate, which excludes more volatile items like food and energy, increased by 0.3%, representing a slowdown from the 0.5% advance observed in January but slightly above the consensus of 0.2%. On a yearly basis, producer price inflation accelerated to 1.6% from January's 0.9%, easily surpassing forecasts of 1.1%.
2024-03-14