Through 2022, the changes in the producer price index (PPI) were at a high rate across all regions, before falling through the last quarter of 2022 and the first months of 2023. In the Euro Area, the monthly change was over 40 percent in August 2022, but has been negative since mid-2023. Meanwhile, China had a negative index rate of 2.8 percent in September 2024, struggling with producer price deflation through 2023.
The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output.
Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to September 2024
Characteristic
United States
China
Japan
Euro area
Sep '24
1.8%
-2.8%
2.8%
-
Aug '24
1.9%
-1.8%
2.6%
-2.3%
Jul '24
2.3%
-0.8%
3%
-2.2%
Jun '24
2.9%
-0.8%
2.6%
-3.3%
May '24
2.5%
-1.4%
2.3%
-4.2%
Apr '24
2.3%
-2.5%
0.9%
-5.6%
Mar '24
2%
-2.8%
0.8%
-7.7%
Feb '24
1.6%
-2.7%
0.7%
-8.3%
Jan '24
1%
-2.5%
0.3%
-8%
Dec '23
1.1%
-2.7%
0.3%
-9.6%
Nov '23
0.7%
-3%
0.5%
-8%
Oct '23
1%
-2.6%
1.1%
-8.3%
Sep '23
1.8%
-2.5%
2.2%
-10.4%
Aug '23
1.9%
-3%
3.4%
-9.5%
Jul '23
1.1%
-4.4%
3.6%
-6.4%
Jun '23
0.3%
-5.4%
4.1%
-2.7%
May '23
1.1%
-4.6%
5.1%
-0.9%
Apr '23
2.3%
-3.6%
5.9%
1.5%
Mar '23
2.7%
-2.5%
7.4%
6%
Feb '23
4.7%
-1.4%
8.3%
12.7%
Jan '23
5.7%
-0.8%
9.6%
14.8%
Dec '22
6.5%
-0.7%
10.5%
24.5%
Nov '22
7.3%
-1.3%
9.9%
27%
Oct '22
8.2%
-1.3%
9.7%
30.4%
Sep '22
8.5%
0.9%
10.3%
41.9%
Aug '22
8.7%
2.3%
9.6%
43.4%
Jul '22
9.7%
4.2%
9.3%
38.1%
Jun '22
11.3%
6.1%
9.6%
36%
May '22
10.9%
6.4%
9.1%
36.3%
Apr '22
10.9%
8%
9.8%
37.2%
Mar '22
11.5%
8.3%
9.3%
36.9%
Feb '22
10.4%
8.8%
9.4%
31.5%
Jan '22
10.1%
9.1%
9%
30.8%
Dec '21
10%
10.3%
8.9%
26.4%
Nov '21
9.9%
12.9%
9.2%
23.7%
Oct '21
8.9%
13.5%
8.3%
21.9%
Sep '21
8.8%
10.7%
6.5%
16.1%
Aug '21
8.7%
9.5%
5.9%
13.5%
Jul '21
7.8%
9%
5.6%
12.1%
Jun '21
7.3%
8.8%
5%
10.2%
May '21
6.6%
9%
5.1%
9.6%
Apr '21
6.2%
6.8%
3.8%
7.6%
Mar' 21
4.2%
4.4%
1%
4.3%
Feb '21
2.8%
1.7%
-0.7%
1.5%
Jan '21
1.7%
0.3%
-1.5%
0.4%
Dec '20
0.8%
-0.4%
-2%
-1.1%
Nov '20
0.8%
-1.5%
-2.3%
-2%
Oct '20
0.5%
-2.1%
-2.1%
-2%
Sep '20
0.3%
-2.1%
-0.8%
-2.3%
Aug '20
-0.3%
-2%
-0.6%
-2.6%
Jul '20
-0.3%
-2.4%
-0.9%
-3.2%
Jun '20
-0.7%
-3%
-1.6%
-3.7%
May '20
-1.1%
-3.7%
-2.7%
-5%
Apr '20
-1.5%
-3.1%
-2.4%
-4.5%
Mar '20
0.3%
-1.5%
-0.4%
-2.8%
Feb '20
1.3%
-0.4%
0.8%
-1.4%
Jan '20
2.1%
0.1%
1.7%
-0.7%
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The reference value of the PPI indexes are as follows:
China: 100 = the change compared to the same period of the previous year.
Euro area: 100 = 2015
Japan: 100 = 2010
United States: 100 = 2009
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Trading Economics. (October 15, 2024). Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to September 2024 [Graph]. In Statista. Retrieved December 12, 2024, from https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/
Trading Economics. "Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to September 2024." Chart. October 15, 2024. Statista. Accessed December 12, 2024. https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/
Trading Economics. (2024). Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to September 2024. Statista. Statista Inc.. Accessed: December 12, 2024. https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/
Trading Economics. "Monthly Change in The Producer Price Index (Ppi) for All Commodities in Major Economies from January 2020 to September 2024." Statista, Statista Inc., 15 Oct 2024, https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/
Trading Economics, Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to September 2024 Statista, https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/ (last visited December 12, 2024)
Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to September 2024 [Graph], Trading Economics, October 15, 2024. [Online]. Available: https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/