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 stood at minus 8.3 in February 2024. Meanwhile, China had a negative index rate of 2.7 percent the same month.
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 March 2024
Characteristic
United States
China
Japan
Euro area
Mar '24
-
-
0.8%
-
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. (April 10, 2024). Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to March 2024 [Graph]. In Statista. Retrieved July 08, 2024, from https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/?session=67af5c487ee9944cbb549d018da3823a
Trading Economics. "Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to March 2024." Chart. April 10, 2024. Statista. Accessed July 08, 2024. https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/?session=67af5c487ee9944cbb549d018da3823a
Trading Economics. (2024). Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to March 2024. Statista. Statista Inc.. Accessed: July 08, 2024. https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/?session=67af5c487ee9944cbb549d018da3823a
Trading Economics. "Monthly Change in The Producer Price Index (Ppi) for All Commodities in Major Economies from January 2020 to March 2024." Statista, Statista Inc., 10 Apr 2024, https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/?session=67af5c487ee9944cbb549d018da3823a
Trading Economics, Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to March 2024 Statista, https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/?session=67af5c487ee9944cbb549d018da3823a (last visited July 08, 2024)
Monthly change in the Producer Price Index (PPI) for all commodities in major economies from January 2020 to March 2024 [Graph], Trading Economics, April 10, 2024. [Online]. Available: https://www.statista.com/statistics/1034559/monthly-producer-price-index-change-major-economies/?session=67af5c487ee9944cbb549d018da3823a
