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%. source: U.S. Bureau of Labor Statistics

Producer Price Inflation MoM in the United States increased to 0.60 percent in February from 0.30 percent in January 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 March of 2024.

Producer Price Inflation MoM in the United States increased to 0.60 percent in February from 0.30 percent in January of 2024. Producer Price Inflation MoM in the United States is expected to be 0.40 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
2024-02-16 01:30 PM
PPI MoM
Jan 0.3% -0.1% 0.1% 0.1%
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 0.6% 0.4%

Components Last Previous Unit Reference
PPI Ex Food Energy and Trade Services 130.75 130.17 points Feb 2024
PPI Ex Food, Energy and Trade MoM 0.40 0.60 percent Feb 2024
PPI Ex Food, Energy and Trade YoY 2.80 2.60 percent Feb 2024

Related Last Previous Unit Reference
CPI 310.33 308.42 points Feb 2024
Core Consumer Prices 315.57 314.44 points Feb 2024
Core Inflation Rate YoY 3.80 3.90 percent Feb 2024
Core Inflation Rate MoM 0.36 0.39 percent Feb 2024
Core Producer Prices 141.10 140.70 points Feb 2024
Core PPI MoM 0.30 0.50 percent Feb 2024
Core PPI YoY 2.00 2.00 percent Feb 2024
CPI Core Core 2.41 2.49 percent Feb 2024
CPI Housing Utilities 329.70 328.22 points Feb 2024
CPI s.a 311.05 309.69 points Feb 2024
CPI Transportation 266.64 262.11 points Feb 2024
Export Prices 149.00 147.80 points Feb 2024
Export Prices MoM 0.80 0.90 percent Feb 2024
Export Prices YoY -1.80 -2.20 percent Feb 2024
Food Inflation 2.20 2.60 percent Feb 2024
Import Prices 139.90 139.50 points Feb 2024
Import Prices MoM 0.30 0.80 percent Feb 2024
Import Prices YoY -0.80 -1.30 percent Feb 2024
Inflation Rate YoY 3.20 3.10 percent Feb 2024
Inflation Rate MoM 0.40 0.30 percent Feb 2024
PPI MoM 0.60 0.30 percent Feb 2024
PPI 143.43 142.63 points Feb 2024
PPI YoY 1.60 1.00 percent Feb 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
0.60 0.30 1.60 -1.20 2009 - 2024 percent Monthly
SA

News Stream
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
US PPI Expected to Rise 0.3% in February
The producer price index for final demand in the US likely rose by 0.3% in February 2024, maintaining the same pace as the previous month and marking the second 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%, a slowdown from the 0.5% advance observed in January. Looking at yearly figures, it's projected that producer price inflation likely accelerated to 1.1% last month, up from the previous month's figure of 0.9%, while the core index is anticipated to have slightly cooled to 1.9% from 2.0%.
2024-03-14
US Producer Prices Rise the Most in 5 Months
Producer prices for final demand in the US were up 0.3% month-over-month in January 2024, the biggest increase in five months, following a 0.1% decline in December and compared to forecasts of 0.1%. Cost of services rose 0.6%, the largest increase since July, led by a 2.2% gain in prices for hospital outpatient care. Cost of chemicals and allied products wholesaling, machinery and equipment wholesaling, portfolio management, traveler accommodation services, and legal services also moved higher. On the other hand, prices of goods declined 0.2%, the fourth consecutive drop, led by a 3.6% fall in gasoline. Prices for electric power; hay, hayseeds, and oilseeds; beef and veal; ethanol; and iron and steel scrap also moved lower. Year-on-year, producer prices rose 0.9%, slightly less than 1% in December, but above expectations of 0.6%. The core PPI which excludes food and energy, rose 0.5% on the month, pushing the annual rate higher to 2%, both above forecasts.
2024-02-16