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Actual | Forecast | Previous | Revised Form | |
| 1.4% | 0.8% | 0.4% | 0.2% | ||
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For January
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| 5/14 | 6/16 | 7/14 | 8/18 | 9/15 | 10/20 | 11/17 | 12/15 | 1/20 | 2/18 | ||
| Actual | 0.3% | 0.2% | 1.8% | -0.9% | 1.7% | -0.6% | 0.3% | 1.8% | 0.2% | 1.4% | |
| Forecast | 0.1% | 0.6% | 0.8% | -0.2% | 0.9% | 0.1% | 0.6% | 0.8% | 0.1% | 0.8% | |
| Previous | -1.2% | 0.3% | 0.2% | 1.8% | -0.9% | 1.7% | -0.6% | 0.3% | 1.8% | 0.4% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2% | |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.2% | 0.0% | N/A |
| 5/14 | 6/16 | 7/14 | 8/18 | 9/15 | 10/20 | 11/17 | 12/15 | 1/20 | 2/18 | ||
| Actual | 0.1% | 0.1% | 0.5% | -0.1% | 0.2% | -0.1% | -0.6% | 0.5% | 0.0% | 0.3% | |
| Forecast | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | |||
| Previous | 0.0% | 0.1% | -0.1% | 0.5% | -0.1% | 0.2% | -0.1% | -0.6% | 0.5% | 0.0% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.1% | 1.8% | N/A | ||
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For December
US inflation at the wholesale level was tame in December climbing 0.2% for the month. That contrasted sharply with the 1.8% surge seen the previous month. Higher food costs (+1.4%) were offset by lower energy costs (-0.4%). Taking both energy and food out of the equation, the core PPI was flat for the month following November's 0.5% rise. In annual terms producer prices did see another big increase, as the annual PPI now stands at 4.4%, following 2.4% rise in November and a -1.9% reading in October. Much of that increase was due to much lower oil prices at the end of 2008. Excluding volatile items the core annual rate cooled from November 1.2% increase to a reading of 0.9% in December. Sluggish demand as a result of a slow economic recovery is preventing producers from raising selling prices. The data does not add pressure on the Fed to begin tightening policy. December's consumer price index, which came out last Friday, advanced just 0.1% on the month with the core rate also advancing by 0.1%. Therefore, this month's inflation data will not get the attention of Fed officials. |
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.1% | 0.5% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 1.8% | 0.8% | 0.3% | N/A | ||
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For November
Producer prices surged in November, rising 1.8% a figure that was nearly twice expectations. The main reason for the jump in wholesale prices was a 6.9% increase in energy costs in November following a 1.6% gain in October. November say gasoline prices surge 14.2%. Excluding food and energy prices, producer prices increased 0.5%, pushed up by higher prices for light motor trucks and cigarettes. The increase in the core rate is the largest since October 2008, and hte overall headline rate is the highest in a year as well. On the year, producer prices were up 2.4%, the first positive reading since last November. |
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | -0.6% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.6% | -0.6% | N/A | ||
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For October
US wholesale prices rose 0.3% in October, a figure that was about half the consensus forecast. The rise follows a 0.6% decline in producer prices in September. Low inflation readings will keep the pressure off the Fed in terms of raising interest rates. The rise was led by higher food and energy prices as the core rates came in far below expectations and show that underlying prices remain subdued. On the month core producer prices, which exclude food and energy, fell 0.6%, and were up only 0.7% on the year. Commodity prices have begun to rise as the global economy begins to recover, and the greenback has been faltering, two factors that pose upside potential for inflation. Yet, the slack in the economy and low labor costs, at least to the Fed and Chairman Bernanke, imply that prices will stay in check. The Fed tends to focus on core inflation. The data today showed that energy prices were up 1.6% in October after a 2.4% decline the previous month, while food prices climbed 1.6%. |
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Actual | Forecast | Previous | Revised Form | |
| -0.6% | 0.1% | -0.1% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -0.6% | 0.1% | 1.7% | N/A | ||
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For September
US producer prices fell 0.6% in September, a figure that undershot forecasts and one that implies that inflation remains subdued and not a major concern for Fed policy makers. The annual rate fell by 4.8%, a deterioration compared to August. Core prices, which exclude food and fuel, were down 0.1%, while the annual rate fell below 2.0%. Weak demand is keeping producers from being able to raise prices, and the opposite is the case as factory-to-dealer incentives mean that producers are actually discounting prices. Though energy costs, which were down 2.4% on the month and 22.1% from a year ago are a major factor in the headline figure, the weak core rates is what will keep the Fed on the sidelines in terms of raising interest rates. |
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.1% | 0.2% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 1.7% | 0.9% | -0.9% | N/A | ||
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For August
US producer prices rose 1.7% on the month in August, a figure that was twice what was expected by economists. The increase was primarily led by higher gasoline costs, as the core monthly rate was up only 0.2%. Energy costs rose 8%, led by a 23% gain in gasoline. Some of that increase may be reversed though as the driving season in the US ends. Higher producer prices will be tough to pass on to consumers until the recovery translates into higher consumer spending and business investment. Consumer inflation figures will be released tomorrow. |
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | -0.1% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -0.9% | -0.2% | 1.8% | N/A | ||
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For July
Producer prices fell more than expected in July, declining 0.9% on the month, while the core rate slid a more modest 0.1%. Energy prices were the main culprit declining 2.4%, while food costs were down 1.5%. That reinforces the data seen in the consumer price index last week. On the year prices fell 6.8%, which is the biggest annual decline on record. Low inflation will keep the pressure off the Fed to raise interest rates, and may be a factor in the Fed reiterating its pledge to keep the benchmark interest rate low for an "extended period." |
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.1% | 0.5% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 1.8% | 0.8% | 0.2% | N/A | ||
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For June
Core PPI m/m: 0.5%(June), pr. -0.1% (May), 0.1% (Apr), 0.0% (Mar), 0.2% (Feb),
Producer price gained in everything from gasoline to automobiles, furniture, prescription drugs and even vegetables. This brings the PPI to a 1.8% rise in the month of June. Oil prices have been above $60 but is now returning below and may reign in the surging inflation for the July period. Nonetheless, this eases worries of a deflationary spiral during the recession. |
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | 0.1% | -0.1% | N/A | ||
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for June
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.6% | 0.3% | N/A | ||
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For May
Core PPI m/m: -0.1%, pr. 0.1% (Apr), 0.0% (Mar), 0.2% (Feb),
Prices paid to US producers rose 0.2% in May, but that increase was smaller than expected. On the year those prices are down 5%, which is the largest annual decline in 60 years. The increase in the monthly rate was a result of higher gasoline prices. Excluding food and energy from the headline figure prices fell 0.1%, the first decline since 2006. The data suggests that while deflation concerns may be receding amid rising oil prices, the falling US dollar and apparent stabilization of the economy, there is little evidence that inflation is taking root. |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.1% | 0.1% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.1% | -1.2% | N/A | ||
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For April
Core PPI m/m: 0.1%, forecast 0.1%, pr. 0.0% (Mar), 0.2% (Feb), 0.4% (Jan),
Producer prices rose more than expected in April, climbing 0.3% following a 1.2% decline in March. The increase was led by a 1.5% gain in food costs. Taking food and energy out of the equation, the "core" rate climbed 0.1% on the month, and cooled to an annual pace of 3.4%. The recession is keeping prices down which limits revenue growth for companies. Companies have been shedding inventory and therefore placing less orders while consumer spending remains weak. Both factors will keep price increases to a gradual pace. Energy prices, which fell 5.5% in March and were a main reason for March's figure, were down only 0.1% in April. Yesterday, import prices were shown to have increased 1.6% in April, and tomorrow consumer prices are expected to show a flat reading. |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.1% | 0.0% | N/A |