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.