Producer Prices in USA
USA - Producer Prices
Inflation eases slightly in August
Consumer prices rose a seasonally-adjusted 0.27% from the previous month in August, moderating from July's 0.47% increase. August's result marked the weakest reading since January. The cooling of price pressures was largely driven by slower growth in prices for housing. In addition, price pressures for transportation declined at a quicker pace. In addition, prices for medical care grew at a more subdued rate.
Inflation edged down to 5.3% in August, which followed July’s 5.4%. August's figure represented the lowest inflation rate since May. Annual average inflation rose to 3.0% in August (July: 2.7%). Finally, core inflation edged down to 4.0% in August, from the previous month's 4.2%.
FocusEconomics panelists see inflation averaging 2.9% in 2021, which is up 0.3 percentage points from last month’s forecast. In 2022, our panel expects inflation to average 2.2%.
United States - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.9||0.4||2.3||2.9||1.7|
5 years of economic forecasts for more than 30 economic indicators.
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 22, 2021
At its meeting on 21–23 September, the Federal Open Market Committee (FOMC) decided to hold the target range for the federal funds rate at its effective floor of 0.00%–0.25%, which was widely expected by market analysts.
September 16, 2021
Retail sales grew 0.7% in month-on-month seasonally-adjusted terms in August, which contrasted July's 1.8% decrease.
September 14, 2021
Consumer prices rose a seasonally-adjusted 0.27% from the previous month in August, moderating from July's 0.47% increase.
September 3, 2021
Total non-farm payrolls increased by 235,000 in August, following July’s 1,053,000 increase in payrolls.
September 3, 2021
The Institute for Supply Management (ISM) manufacturing index ticked down to 59.9 in August from 59.5 in July, consequently the index remained well-above the 50-threshold that separates expansion from contraction in the manufacturing sector. August’s slightly stronger expansion was the result of faster growth in new orders and production.