US producer prices advanced 0.6 percent month-over-month in January 2017, following a 0.3 percent rise in the previous month and beating market consensus of a 0.3 percent gain. It was the sharpest increase since September 2012 as prices for final demand goods increased 1 percent, the largest rise since May 2015, driven by rising cost of energy products (4.7 percent from 1.8 percent in December). Also, prices for final demand services went up 0.3 percent, as the volatile trade services component, which measures changes in margins received by wholesalers and retailers, jumped 0.9 percent after showing no growth in the prior month. Year-on-year, producer prices rose 1.6 percent, the same as in December but above expectations of a 1.5 percent increase. Producer Prices in the United States averaged 107.80 Index Points from 2009 until 2017, reaching an all time high of 111.90 Index Points in January of 2017 and a record low of 100.20 Index Points in November of 2009.
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In the United States, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. Since January of 2014, the Producer Price Index has transitioned from a State of Processing to a Final Demand-Intermediate Demand system, including prices of goods, services and construction.
. This page provides the latest reported value for – United States Producer Prices – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Producer Prices – actual data, historical chart and calendar of releases – was last updated on February of 2017.