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FOR DATA ONLY: (202) 606-7828 FOR TECHNICAL INFORMATION: (202) 606-7705 MEDIA CONTACT: (202) 606-5902 http://stats.bls.gov/ppihome.htm USDL 97-159 TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (E.D.T), FRIDAY, MAY 14, 1997 Producer Price Indexes - April 1997 The Producer Price Index for Finished Goods declined 0.6 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U. S. Department of Labor reported today. This followed decreases of 0.1 percent in March and 0.4 percent in February. Prices received by domestic producers of intermediate goods fell 0.3 percent in April after declining 0.6 percent in the previous month. The Crude Goods Price Index dropped 0.9 percent in April following a 6.9-percent decrease in March. (See table A.) Among finished goods in April, prices for finished goods other than foods and energy declined 0.1 percent following a 0.4-percent advance in the previous month. The index for finished consumer foods also fell after increasing in March. Prices for energy goods decreased in April, but by less than a month ago. Table A. Monthly and annual percent changes in selected stage-ofprocessing price indexes, seasonally adjusted Finish ed goods Except Month 1996 Apr. May June July Total 0.2 0.2 0.3 0 Foods -0.3 0.2 1.4 0.1 foods and Energy energy 2.1 -0.6 -0.8 0.4 0.0 0.2 0.1 0 Change in finished goods from 12 months ago (unadj.) 2.4 2.3 2.7 2.6 IntermediateCrude goods goods 0.3 0.4 -0.3 -0.2 4.0 1.1 -2.4 2.2 Aug. Sept. Oct. Nov. Dec. 0.3 0.3 0.4 0.2 0.5 0.7 0.4 0.8 0 -0.2 0.6 0.7 1.7 0.9 r3.3 0.1 0.1 -0.1 0 0.1 3.0 3.0 3.1 3.0 2.8 0.2 0.4 -0.2 -0.2 r0.5 0.6 -2.6 -0.7 2.7 r6.2 1997 Jan. -0.3 -1.0 r0 r-0.1 2.5 0.2 r2.9 Feb. -0.4 -0.3 -1.2 -0.1 2.2 -0.1 -5.9 Mar. -0.1 0.9 -3.4 0.4 1.6 -0.6 -6.9 Apr. -0.6 -0.4 -2.6 -0.1 0.8 -0.3 -0.9 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 1996 have been revised to reflect the availability of late reports and corrections by respondents. Before seasonal adjustment, the Producer Price Index for Finished Goods dropped 0.5 percent in April. The index stood at 131.6 (1982=100). From April 1996 to April 1997, the Finished Goods Price Index rose 0.8 percent. Over the same period, prices for finished consumer foods increased 2.4 percent, the index for finished energy goods declined 1.3 percent, and prices for finished goods other than foods and energy rose 0.6 percent. Prices received by domestic producers of intermediate goods decreased 0.1 percent for the 12 months ended in April, and the index for crude goods fell 4.8 percent during this same period. Finished Goods The Producer Price Index for finished consumer foods declined 0.4 percent in April, seasonally adjusted, following a 0.9-percent advance in March. Prices for fresh and dry vegetables decreased 20.4 percent after increasing 13.3 percent during the prior month. The indexes for beef and veal, dairy products, and for finfish and shellfish also fell after rising in March. Prices for roasted coffee rose less than a month ago. By contrast, prices for pork advanced 5.6 percent following a 3.6-percent decline in March. The index for processed fruits and vegetables decreased less than in the prior month. Prices for confectionery end products and processed turkeys rose more than a month ago. Table B. Monthly and annual percent changes in selected price indexes for Intermediate goods and crude goods, seasonally adjusted Interm Crude ediate goods goods Change in Change in Month 1996 Apr. May June July Aug. Sept. Oct. Nov. Dec. Foods 1.9 3.8 0.7 0.4 0.3 0.8 -2.0 -3.2 r-0.6 intermedi ate Exclud goods ing from foods 12 months and ago Energy energy (unadj.) 3.4 0.6 -2.4 0 0.8 1.1 1.3 -0.2 r2.9 -0.1 0.1 0 -0.3 0.1 0.2 -0.2 0.1 0.1 0.6 0.7 0.3 -0.1 0.1 0.6 0.5 0.5 r0.7 crude Excludi goods ng Energy foods from 12 and months ago Foods (unadj energy (unadj.) .) 3.5 5.8 0.7 1.7 -0.6 -3.5 -3.1 -2.5 r-2.7 8.3 -4.6 -6.8 5.4 2.4 -3.3 2.1 11.1 r19.3 -1.3 0.7 -1.8 -1.6 0.5 0.5 -0.1 -0.2 r0 10.4 12.7 9.6 13.2 15.4 10.1 9.4 10.6 r14.7 1997 Jan. r0.8 r0.7 0.1 1.0 -1.0 r6.9 2.0 15.1 Feb. -0.8 -0.6 0 1.2 -1.9 -12.4 1.0 6.3 Mar. 1.4 -4.6 0 0.6 2.1 -19.2 0.6 0.3 Apr. 0.4 -2.0 0 -0.1 3.3 -5.2 -2.3 -4.8 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 1996 have been revised to reflect the availability of late reports and corrections by respondents. The index for capital equipment declined 0.4 percent in April following a 0.3-percent advance in March. Prices for civilian aircraft decreased 2.0 percent after increasing 2.1 percent during the prior month. Prices for tools, dies, jigs, fixtures, and industrial molds also turned down after advancing one month earlier. The index for light motor trucks fell after showing no change in March. Prices for electronic computers fell more than a month ago. The index for office and store machines and equipment rose less than in the previous month. By contrast, prices for communication and related equipment advanced 0.1 percent in April following a 0.4-percent decline in March. The indexes for commercial furniture and for x-ray and electromedical equipment also turned up after decreasing last month. Prices for heavy motor trucks fell less than a month ago. The index for finished consumer goods excluding foods and energy showed no change in April following a 0.3-percent advance in March. Prices for passenger cars decreased 0.5 percent after increasing 0.2 percent in the prior month. The indexes for prescription drugs and women's apparel also turned down after rising a month ago. Prices for tobacco products and alcoholic beverages increased less than in the previous month. By contrast, prices for periodical circulation advanced 2.0 percent in April following a 0.5-percent gain in March. Prices for over-the-counter drugs and mobile homes also rose more than a month ago. The index for soap and synthetic detergents increased after showing no change in the prior month. The index for finished energy goods declined 2.6 percent in April following a 3.4-percent decline in March. Prices for home heating oil increased 1.4 percent after decreasing 9.9 percent in the previous month. The index for residential natural gas fell less than a month ago. By contrast, prices for finished lubricants declined 3.7 percent in April following a 3.8-percent advance in March. The index for gasoline fell more than in the prior month. Prices for residential electric power fell the same amount as in March. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components declined 0.3 percent in April, seasonally adjusted, after decreasing 0.6 percent a month earlier. Prices for both intermediate energy goods and nondurable manufacturing materials fell less than in March. By contrast, the index for durable manufacturing materials turned down after rising a month ago. Prices for intermediate foods and feeds increased less than in the prior month. The index for construction materials rose at the same rate as in March. Excluding food and energy, the intermediate materials index was unchanged for the third consecutive month. (See table B.) The index for intermediate energy goods fell 2.0 percent after dropping 4.6 percent a month ago. Prices for liquefied petroleum gas declined 5.3 percent after falling 20.7 percent in March. The indexes for diesel fuel, residual fuel, and natural gas to electric utilities also fell less than the prior month. Conversely, prices for industrial electric power turned down 0.1 percent after increasing 0.1 percent a month ago. The index for coke also fell after rising. Prices for gasoline and liquid asphalt decreased more than in March. The index for nondurable manufacturing materials declined 0.2 percent following a 0.5 percent decrease in March. Prices for paper turned up 1.2 percent after falling 0.1 percent a month earlier. The indexes for nitrogenates and synthetic fibers also rose after declining. Prices for medicinal and botanical chemicals increased in April after showing no change in March. By contrast, the index for miscellaneous inorganic chemicals turned down 0.7 percent following an increase of 1.0 percent in the prior month. The index for miscellaneous basic organics fell after showing no change a month ago. Prices for woodpulp fell more than the previous month. The index for plastic resins and materials rose less. The index for durable manufacturing materials turned down 0.1 percent after advancing 0.7 percent a month ago. Prices for primary nonferrous metals dropped 1.7 percent after rising 3.9 percent in the previous month. The indexes for copper and brass mill shapes, plywood, and building paper also fell after increasing in March. Prices for hot rolled sheet and strip fell after showing no change a month ago. The index for aluminum mill shapes rose less than in the prior month. Conversely, prices for hot rolled bars, plates, and structural shapes turned up 0.6 percent after declining 0.2 percent in the prior month. The indexes for cold rolled sheets and strip, cold finished bars, and cement also rose after decreasing last month. Prices for semi-finished steel mill products rose faster than in March. The index for intermediate foods and feeds gained 0.4 percent following a 1.4-percent increase in March. Prices for prepared animal feeds rose 1.0 percent after increasing 3.6 percent in the prior month. The indexes for beef and veal, crude vegetable oils, and confectionery materials turned down after rising a month ago. By contrast, prices for pork turned up 5.6 percent after falling 3.6 percent in March. The indexes for flour, fluid milk products, and canned meats also rose after declining in the previous month. The index for construction materials rose 0.3 percent for the second consecutive month. Price increases for softwood lumber, fabricated structural metal products, plastic construction products, and millwork outweighed decreases for other metal products and plywood. Crude Goods The Producer Price Index for Crude Materials for Further Processing declined 0.9 percent, seasonally adjusted, following a 6.9-percent decline in March. The index for energy materials decreased less than the prior month. The index for foodstuffs and feedstuffs increased more than a month ago. By contrast, the index for basic industrial materials decreased after increasing a month earlier. (See table B.) The index for crude energy materials fell 5.2 percent following a 19.2percent decline in March. Prices for natural gas dropped 13.3 percent after falling 29.2 percent in the prior month. The index for crude petroleum also decreased less than a month ago. By contrast, prices for coal rose 5.2 percent after increasing 3.2 percent last month. The index for crude foodstuffs and feedstuffs advanced 3.3 percent following a 2.1-percent increase in March. Prices for slaughter hogs gained 19.2 percent after falling 10.2 percent a month ago. The index for slaughter broilers and fryers also rose after decreasing in the prior month. Prices for wheat rose more than in the previous month. The index for alfalfa hay increased after showing no change in March. By contrast, prices for corn turned down 3.9 percent after rising 9.9 percent in the prior month. The indexes for soybeans, fluid milk, and for fresh and dry vegetables also fell after increasing in March. The index for crude nonfood materials less energy declined 2.3 percent following a 0.6-percent advance in March. Prices for nonferrous metal ores turned down 5.1 percent after rising 4.6 percent a month ago. The indexes for copper ores, wastepaper, and raw cotton also fell after increasing in the prior month. Prices for iron and steel scrap fell more than in March. The index for phosphates showed no change after rising in the previous month. By contrast, prices for other roundwood products increased in April after showing no change in March. Net output price indexes for mining, manufacturing, and other industries Mining. The Producer Price Index for the net output of total domestic mining industries fell 4.7 percent in April following a 15.9-percent decline in March. (Net output price indexes are not seasonally adjusted.) In April, price decreases for the oil and gas extraction industry group slowed to 6.6 percent from 20.9 percent in the previous month. The index for the metal mining industry group turned down 3.8 percent after rising 3.6 percent in March. Prices for the industry group for coal mining services also rose after falling in the prior month. By contrast, price increases for the bituminous coal and lignite mining industry group rose 3.3 percent after gaining 2.1 percent in March. In April, the producer price index for total mining industries stood at 79.4 (December 1984=100), 7.7 percent lower than a year ago. Manufacturing. The Producer Price Index for total domestic manufacturing industries decreased 0.1 percent for the second consecutive month. Price declines for the industry groups for petroleum refining, paper and allied products, and transportation equipment outweighed increases for the industry groups for tobacco products, lumber and wood products, and nonmetallic mineral products. In April, the index for the net output of the domestic manufacturing sector was 127.7 (December 1984=100), 0.7 above its year-earlier level. Other. Among other industries in April, the index for recovered paper collection fell 7.6 percent, following an increase of 8.3 percent in March. Prices for farm product warehousing and storage, deep sea foreign transportation of freight, freight transportation along the Great Lakes, travel agencies, cable and other pay television services, nonferrous metal scrap collection, hotels and motels, employment agencies, passenger car rental, and home health care services also turned down after rising a month earlier. Price for railroad line-haul operations, refrigerated warehousing and storage, waste materials collection (other than metal and paper), and architectural services rose less than in the previous month. Prices for water transportation of freight (not elsewhere classified), scheduled air cargo transportation, ferrous metal scrap collection, and for accounting, auditing, and bookkeeping services fell more than in March. The indexes for local trucking with storage, advertising agencies, skilled and intermediate care facilities, and medical laboratories were unchanged after rising in the previous month. The index for electric power utilities declined after showing no change in March. By contrast, prices for non-local trucking, scheduled air passenger transportation, nonscheduled air transportation, freight transportation arrangement, offices and clinics of doctors of medicine, and psychiatric hospitals turned up after declining in March. Prices for local trucking without storage, general warehousing and storage, tugging and towing services, radio broadcasting, and operators of nonresidential buildings rose more than in the prior month. The indexes for deep sea domestic transportation of freight and for natural gas utilities fell less than a month ago. The indexes for courier services (except by air) and telephone communication (except radiotelephone) were unchanged after declining in March. ***** Producer Price Index data for May 1997 will be released on Friday, June 13, at 8:30 a.m. (E.D.T.) ***** Information in this news release will be made available to sensory impaired individuals upon request. Voice phone: 202-606-7828; TDD phone: 202-6065897; TDD Message Referral phone: 1-800-326-2577. New table added to the monthly PPI news release Effective this month with the release of Producer Price Index data for April 1997, a new table has been added to the monthly news release. Table 5 presents seasonally adjusted indexes for the most recent six months for all of the stage-of-processing (SOP) series. This new table supplements table 1, which presents unadjusted indexes and selected percent changes, both unadjusted and seasonally adjusted, for all of the SOP series. Table 1. Producer Price Indexes and percent changes by stage of processing (1982=100) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | |percent |Seasonally adjusted | Relative | Unadjusted index |change to |percent change from: Grouping |importance| |Apr. 1997 from:| | |_______________________|_______________|_______________________________ | Dec. | | | | | | | | | Dec. |Mar. |Apr. | Apr. | Mar. |Jan. to|Feb. to |Mar. to | 1996 1/|1996 2/|1997 2/|1997 2/| 1996 | 1997 | Feb. | Mar. | Apr. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|____________ | Finished goods...................................| 100.000 132.7 132.2 131.6 0.8 -0.5 -0.4 -0.1 -0.6 Finished consumer goods........................| 76.405 131.2 130.4 129.9 .9 -.4 -.5 -.2 -.7 Finished consumer foods......................| 23.635 135.5 135.3 134.3 2.4 -.7 -.3 .9 -.4 Crude......................................| 1.628 134.8 139.1 120.5 -8.5 -13.4 2.4 4.9 -13.2 Processed..................................| 22.007 135.5 135.0 135.3 3.2 .2 -.5 .6 .5 Finished consumer goods, excluding foods.....| 52.770 129.2 128.2 127.8 .3 -.3 -.5 -.7 -.7 Nondurable goods less foods................| 36.380 125.2 123.7 123.4 .2 -.2 -.6 -1.2 -1.0 Durable goods..............................| 16.390 135.0 135.0 134.5 .4 -.4 0 .1 -.1 Capital equipment..............................| 23.595 138.7 139.2 138.5 .1 -.5 -.1 .3 -.4 Manufacturing industries.....................| 6.031 137.4 137.9 137.8 .5 -.1 0 .1 -.1 Nonmanufacturing industries..................| 17.564 139.0 139.5 138.7 0 -.6 -.1 .4 -.5 | Intermediate materials, supplies, and components.| 100.000 126.0 125.6 125.3 -.1 -.2 -.1 -.6 -.3 Materials and components for manufacturing.....| 49.074 128.2 128.5 128.4 .1 -.1 -.1 -.1 -.1 Materials for food manufacturing.............| 3.392 123.8 124.2 123.8 1.8 -.3 -1.3 0 -.1 Materials for nondurable manufacturing.......| 15.604 129.8 129.5 129.2 -1.0 -.2 -.2 -.5 -.2 Materials for durable manufacturing..........| 10.977 131.4 133.5 133.4 1.7 -.1 .4 .7 -.1 Components for manufacturing.................| 19.101 126.7 126.6 126.6 -.2 0 -.1 -.1 .1 Materials and components for construction......| 12.682 144.7 146.3 146.7 2.9 .3 .4 .3 .3 Processed fuels and lubricants.................| 13.627 92.7 88.3 87.1 -2.5 -1.4 -.6 -4.6 -1.9 Manufacturing industries ....................| 5.387 94.9 90.6 89.6 -2.4 -1.1 -1.2 -4.7 -1.7 Nonmanufacturing industries..................| 8.240 91.2 86.8 85.5 -2.6 -1.5 -.4 -4.4 -2.1 Containers.....................................| 3.536 137.9 136.6 134.8 -5.7 -1.3 -.4 -.5 -1.5 Supplies.......................................| 21.081 135.5 136.0 136.1 .3 .1 -.1 .4 .1 Manufacturing industries.....................| 7.539 138.8 139.1 139.0 .5 -.1 0 0 0 Nonmanufacturing industries..................| 13.542 133.8 134.4 134.6 .2 .1 -.2 .5 .2 Feeds......................................| 1.610 128.5 133.0 134.6 1.7 1.2 .1 4.2 1.4 Other supplies.............................| 11.932 134.5 134.6 134.6 0 0 -.2 .1 0 | Crude materials for further processing...........| 100.000 121.6 110.3 108.9 -4.8 -1.3 -5.9 -6.9 -.9 Foodstuffs and feedstuffs......................| 38.897 113.6 114.0 116.8 -2.3 2.5 -1.9 2.1 3.3 Nonfood materials..............................| 61.103 122.5 103.9 99.7 -6.6 -4.0 -8.3 -12.5 -4.1 Nonfood materials except fuel 3/.............| 37.004 109.0 104.0 103.7 -4.2 -.3 -4.6 -3.7 -.4 Manufacturing 3/...........................| 33.419 100.8 95.4 95.1 -5.3 -.3 -5.2 -4.0 -.5 Construction...............................| 3.585 198.5 201.8 201.7 5.3 0 .3 .1 -.1 Crude fuel 4/................................| 24.099 134.1 93.9 83.6 -11.0 -11.0 -13.1 -25.4 -11.0 Manufacturing industries...................| 4.923 127.6 91.9 82.7 -9.9 -10.0 -12.3 -23.7 -10.0 Nonmanufacturing industries................| 19.176 137.5 95.6 84.9 -11.2 -11.2 -13.3 -25.9 -11.2 | Special groupings | | Finished goods, excluding foods..................|5/ 76.365 131.7 131.2 130.7 .2 -.4 -.4 -.4 -.7 Intermediate materials less foods and feeds......|6/ 94.998 126.1 125.5 125.2 -.2 -.2 -.1 -.6 -.3 Intermediate foods and feeds.....................|6/ 5.002 125.6 127.3 127.5 1.8 .2 -.8 1.4 .4 Crude materials less agricultural products 3/ 7/.|8/ 58.958 122.5 103.2 99.1 -6.5 -4.0 -8.6 -12.8 -4.0 | Finished energy goods............................|5/ 14.743 85.7 82.9 82.2 -1.3 -.8 -1.2 -3.4 -2.6 Finished goods less energy.......................|5/ 85.257 140.6 140.8 140.3 1.1 -.4 -.2 .5 -.2 Finished consumer goods less energy..............|5/ 61.662 141.4 141.4 141.0 1.5 -.3 -.2 .6 -.2 | Finished goods less foods and energy.............|5/ 61.622 142.6 143.0 142.6 .6 -.3 -.1 .4 -.1 Finished consumer goods less foods and energy....|5/ 38.027 145.1 145.3 145.2 1.0 -.1 -.1 .3 0 Consumer nondurable goods less foods and energy..|5/ 21.637 152.2 152.7 152.9 1.4 .1 -.3 .5 .1 | Intermediate energy goods........................|6/ 13.751 92.4 88.1 86.9 -2.5 -1.4 -.6 -4.6 -2.0 Intermediate materials less energy...............|6/ 86.249 133.4 133.8 133.8 .4 0 0 .1 0 Intermediate materials less foods and energy.....|6/ 81.247 133.9 134.2 134.2 .2 0 0 0 0 | Crude energy materials 3/........................|8/ 41.094 109.6 83.0 78.7 -9.9 -5.2 -12.4 -19.2 -5.2 Crude materials less energy......................|8/ 58.905 123.4 125.5 126.6 -1.9 .9 -.9 1.6 1.3 Crude nonfood materials less energy 4/...........|8/ 20.009 152.5 159.3 156.0 -1.0 -2.1 1.0 .6 -2.3 | ____________________________________________________________________________________________________________________________________ 1/ 2/ Comprehensive relative importance figures are initially computed after the publication of December indexes and are recalculated after final December indexes are available. The first-published and final December relative importances initially appear, respectively, in the release tables containing January and May data. The indexes for Dec. 1996 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision four months after original publication. Table 2. 3/ 4/ 5/ 6/ 7/ Includes crude petroleum. Excludes crude petroleum. Percent of total finished goods. Percent of total intermediate materials. Formerly titled "Crude materials for further processing, excluding crude foodstuffs and feedstuffs, plant and animal fibers, oilseeds, and leaf tobacco." 8/ Percent of total crude materials. Producer Price Indexes and percent changes for selected commodity groupings by stage of processing (1982=100 unless otherwise indicated) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | |percent |Seasonally adjusted | | Unadjusted index |change to |percent change from: Commodity | | |Apr. 1997 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Dec. |Mar. |Apr. | Apr. | Mar. |Jan. to|Feb. to|Mar. to | |1996 1/|1997 1/|1997 1/| 1996 | 1997 | Feb. | Mar. | Apr. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 132.7 132.2 131.6 0.8 -0.5 -0.4 -0.1 -0.6 | FINISHED CONSUMER GOODS...............................| 131.2 130.4 129.9 .9 -.4 -.5 -.2 -.7 | FINISHED CONSUMER FOODS..............................| 135.5 135.3 134.3 2.4 -.7 -.3 .9 -.4 | | 01-11 | Fresh fruits and melons 2/..........................| 118.7 105.3 100.1 21.8 -4.9 0 -3.4 -4.9 01-13 | Fresh and dry vegetables 2/.........................| 104.3 139.7 111.2 -33.8 -20.4 13.4 13.3 -20.4 01-71-07 | Eggs for fresh use (Dec. 1991=100) 2/...............| 129.9 98.8 87.6 -18.5 -11.3 1.5 -6.6 -11.3 02-11 | Bakery products 2/..................................| 173.0 173.0 172.9 3.2 -.1 .1 -.1 -.1 02-13 | Milled rice 2/......................................| 126.9 127.3 128.5 1.9 .9 1.5 -1.2 .9 02-14-02 | Pasta products (June 1985=100) 2/...................| 126.9 128.5 126.4 -.6 -1.6 .2 0 -1.6 02-21-01 | Beef and veal.......................................| 107.3 106.6 103.2 9.6 -3.2 -4.3 6.8 -.2 02-21-04 | Pork................................................| 127.6 118.5 123.8 9.9 4.5 -4.4 -3.6 5.6 02-22-03 | Processed young chickens............................| 125.6 119.3 117.8 5.6 -1.3 -1.3 .6 -1.0 02-22-06 | Processed turkeys 2/................................| 102.5 99.9 101.6 -5.3 1.7 1.2 1.1 1.7 02-23 | Finfish and shellfish...............................| 173.6 186.6 174.5 5.1 -6.5 -6.2 7.9 -5.0 02-3 | Dairy products......................................| 128.0 128.3 127.9 3.8 -.3 .5 .1 -1.0 02-4 | Processed fruits and vegetables 2/..................| 128.1 127.3 127.2 -.1 -.1 -.2 -.3 -.1 02-55 | Confectionery end products 2/.......................| 167.4 168.1 168.6 1.4 .3 .2 .1 .3 02-62 | Soft drinks.........................................| 133.7 134.8 135.1 .7 .2 -1.0 .8 .5 02-63-01 | Roasted coffee 2/...................................| 128.0 144.7 151.6 15.5 4.8 .2 12.9 4.8 02-76 | Shortening and cooking oils 2/......................| 135.9 136.5 135.3 -1.9 -.9 0 -.2 -.9 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 129.2 128.2 127.8 .3 -.3 -.5 -.7 -.7 | | 02-61 | Alcoholic beverages.................................| 135.2 135.4 135.9 2.5 .4 -.9 .8 .1 03-81-01 | Women's apparel 2/..................................| 120.1 120.2 119.6 .6 -.5 .2 .1 -.5 03-81-02 | Men's and boys' apparel.............................| 132.3 132.6 132.5 .2 -.1 -.2 .2 -.1 03-81-03 | Girls', children's, and infants' apparel 2/.........| 123.9 124.4 124.4 2.1 0 .1 0 0 03-82 | Textile housefurnishings 2/.........................| 123.9 122.2 122.2 1.0 0 -.6 -.3 0 04-3 | Footwear............................................| 142.3 143.8 143.5 1.6 -.2 .3 0 -.1 05-41 | Residential electric power (Dec. 1990=100)..........| 110.5 110.5 110.2 .1 -.3 .1 -.1 -.1 05-51 | Residential gas (Dec. 1990=100).....................| 117.3 115.9 111.8 1.8 -3.5 .2 -4.8 -3.3 05-71 | Gasoline............................................| 76.0 73.2 73.3 -4.1 .1 -3.1 -4.0 -4.1 05-73-02-01| Fuel oil No. 2......................................| 06-35 | Pharmaceutical preps, ethical (Prescription)........| 06-36 | Pharmaceutical preps,proprietary (Over-counter).....| 06-71 | Soaps and synthetic detergents 2/...................| 06-75 | Cosmetics and other toilet preparations 2/..........| 07-12 | Tires, tubes, tread, etc 2/.........................| 09-15-01 | Sanitary papers and health products 2/..............| 09-31-01 | Newspaper circulation...............................| 09-32-01 | Periodical circulation..............................| 09-33 | Book publishing 2/..................................| 12-1 | Household furniture 2/..............................| 12-3 | Floor coverings 2/..................................| 12-4 | Household appliances 2/.............................| 12-5 | Home electronic equipment 2/........................| 12-62 | Household glassware 2/..............................| 12-64 | Household flatware 2/...............................| 12-66 | Lawn and garden equip., ex. tractors 2/.............| 14-11-01 | Passenger cars......................................| 15-11 | Toys, games, and children's vehicles................| 15-12 | Sporting and athletic goods 2/......................| 15-2 | Tobacco products 2/.................................| 15-5 | Mobile homes 2/.....................................| 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 15-94-04 | Costume jewelry and novelties 2/....................| | | | CAPITAL EQUIPMENT.....................................| | | 11-1 | Agricultural machinery and equipment 2/.............| 11-2 | Construction machinery and equipment................| 11-37 | Metal cutting machine tools 2/......................| 11-38 | Metal forming machine tools 2/......................| 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 11-41 | Pumps, compressors, and equipment...................| 11-44 | Industrial material handling equipment 2/...........| 11-51 | Electronic computers (Dec. 1990=100) 2/.............| 11-62 | Textile machinery 2/................................| 11-64 | Paper industries machinery (June 1982=100)..........| 11-65 | Printing trades machinery 2/........................| 11-74 | Transformers and power regulators 2/................| 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 11-79-05 | X-ray and electromedical equipment 2/...............| 11-91 | Oil field and gas field machinery 2/................| 11-92 | Mining machinery and equipment 2/...................| 11-93 | Office and store machines and equipment 2/..........| 12-2 | Commercial furniture 2/.............................| 77.5 267.9 184.5 125.5 130.2 97.2 149.5 201.7 182.2 197.2 145.2 127.8 111.9 78.3 157.9 138.6 133.1 136.9 125.2 122.9 239.2 151.4 129.5 139.8 64.0 273.7 185.7 125.4 130.6 95.9 145.4 201.7 184.0 200.1 146.0 129.0 111.0 78.2 157.8 138.6 133.2 136.4 125.1 125.2 245.1 151.0 128.3 138.6 64.9 273.2 187.6 126.6 130.6 96.4 144.7 202.2 187.2 200.2 146.0 128.2 110.7 78.3 160.1 138.6 132.9 135.0 125.3 123.8 247.3 152.0 128.6 139.8 -14.2 3.7 .2 1.0 .8 -.5 -4.4 2.7 4.4 3.5 1.2 2.7 -2.0 -.9 1.4 .1 .6 -.1 0 .4 6.0 2.1 -.7 3.6 1.4 -.2 1.0 1.0 0 .5 -.5 .2 1.7 0 0 -.6 -.3 .1 1.5 0 -.2 -1.0 .2 -1.1 .9 .7 .2 .9 -1.1 -.1 .1 0 .3 -1.1 -.7 0 -.4 -.3 .2 1.5 -.5 0 .1 0 0 .2 -1.4 0 -.2 -.1 -.6 -.2 -9.9 1.2 .1 0 .2 -.1 -.5 .3 .5 1.4 .3 -.2 .1 -.3 -.4 0 .2 .2 .6 .7 2.5 .1 .5 .2 1.4 -.7 1.0 1.0 0 .5 -.5 .4 2.0 0 0 -.6 -.3 .1 1.5 0 -.2 -.5 .2 -1.1 .9 .7 .2 .9 138.7 139.2 138.5 .1 -.5 -.1 .3 -.4 147.7 140.4 154.6 150.8 137.4 144.3 128.4 37.9 149.4 154.8 137.9 129.7 113.9 108.1 119.4 139.3 111.7 153.4 147.4 142.2 154.5 152.5 137.8 145.6 128.8 36.2 151.6 156.7 139.8 128.4 113.6 107.5 121.7 138.4 112.4 152.7 147.6 142.3 154.8 152.5 137.7 145.8 129.4 34.7 151.3 157.3 140.0 128.4 113.7 108.1 122.1 139.6 112.5 153.5 .1 2.0 2.4 2.7 1.5 1.8 1.7 -20.8 2.1 2.4 2.9 -1.6 .6 -3.5 4.3 .5 .4 1.5 .1 .1 .2 .1 .1 .1 1.3 0 .4 .1 -5.2 0 1.0 .6 .1 .1 -.7 0 .1 .1 -.2 .2 .1 .1 -.3 .4 .1 .1 -.3 .3 -.3 .4 -.7 -.4 -.1 .6 0 .5 -.2 .1 .1 .2 0 -.1 .3 .5 -4.1 -.2 .3 .1 0 .1 .6 .3 .9 .1 .5 0 -.1 .1 .5 -4.1 -.2 .4 .1 0 .1 .6 .3 .9 .1 .5 14-11-05 14-11-06 14-14 14-21-02 14-31 14-4 | Light motor trucks..................................| 162.4 161.8 161.0 .4 -.5 -.3 0 -.4 | Heavy motor trucks..................................| 138.9 141.6 141.2 -4.1 -.3 .1 -.5 -.2 | Truck trailers 2/...................................| 130.2 130.5 130.4 -.1 -.1 0 .3 -.1 | Civilian aircraft (Dec. 1985=100)...................| 149.3 152.3 149.4 2.3 -1.9 0 2.1 -2.0 | Ships (Dec. 1985=100) 2/............................| 141.0 142.6 145.4 4.8 2.0 0 -.1 2.0 | Railroad equipment..................................| 136.3 133.6 130.9 -5.0 -2.0 -.5 -2.1 -2.1 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 126.0 125.6 125.3 -.1 -.2 -.1 -.6 -.3 | | | INTERMEDIATE FOODS AND FEEDS..........................| 125.6 127.3 127.5 1.8 .2 -.8 1.4 .4 | | 02-12-03 | Flour 2/............................................| 123.9 119.4 123.6 -12.0 3.5 1.3 -2.7 3.5 02-53 | Refined sugar 2/....................................| 125.2 126.8 125.7 1.9 -.9 -1.0 1.4 -.9 02-54 | Confectionery materials.............................| 111.3 108.2 107.8 1.4 -.4 -2.5 .8 -1.7 02-72 | Crude vegetable oils 2/.............................| 110.1 119.4 114.3 -6.5 -4.3 -2.1 6.0 -4.3 02-9 | Prepared animal feeds 2/............................| 132.1 136.3 137.6 2.1 1.0 0 3.6 1.0 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 126.1 125.5 125.2 -.2 -.2 -.1 -.6 -.3 | | 03-1 | Synthetic fibers 2/.................................| 111.6 110.9 111.5 .3 .5 .2 -2.3 .5 03-2 | Processed yarns and threads 2/......................| 114.6 114.7 114.3 -.3 -.3 0 -.2 -.3 03-3 | Gray fabrics 2/.....................................| 121.5 121.8 121.4 -.8 -.3 .2 .1 -.3 03-4 | Finished fabrics....................................| 123.6 123.5 124.0 .3 .4 0 -.1 0 03-83-03 | Industrial textile products 2/......................| 127.5 128.2 127.5 4.9 -.5 -.8 1.3 -.5 04-2 | Leather.............................................| 182.5 186.0 188.8 7.2 1.5 1.3 .1 2.0 05-32 | Liquefied petroleum gas 2/..........................| 114.7 87.2 82.6 2.0 -5.3 -7.3 -20.7 -5.3 ____________________________________________________________________________________________________________________________________ See footnotes at end of table. Table 2. Producer Price Indexes and percent changes for selected commodity groupings by stage of processing - Continued (1982=100 unless otherwise indicated) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | |percent |Seasonally adjusted | | Unadjusted index |change to |percent change from: Commodity | | |Apr. 1997 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Dec. |Mar. |Apr. | Apr. | Mar. |Jan. to|Feb. to|Mar. to | |1996 1/|1997 1/|1997 1/| 1996 | 1997 | Feb. | Mar. | Apr. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 127.5 127.4 127.4 0.6 0 0.1 -0.2 0.5 05-43 05-52 05-53 05-54 05-72-03 05-73-03 05-74 06-1 06-21 06-22 06-31 06-4 06-51 06-52-01 06-52-02 06-53 06-6 07-11-02 07-21 07-22 07-26 08-11 08-12 08-2 08-3 09-11 09-13 09-14 09-15-03 09-2 09-37 10-15 10-17 10-22 10-25-01 10-25-02 10-26 10-3 10-4 10-5 10-6 10-7 10-88 10-89 11-45 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Industrial electric power...........................| Commercial natural gas (Dec. 1990=100)..............| Industrial natural gas (Dec. 1990=100)..............| Natural gas to electric utilities (Dec. 1990=100)...| Jet fuels...........................................| No. 2 Diesel fuel...................................| Residual fuel 2/....................................| Industrial chemicals 2/.............................| Prepared paint......................................| Paint materials 2/..................................| Medicinal and botanical chemicals 2/................| Fats and oils, inedible 2/..........................| Mixed fertilizers...................................| Nitrogenates........................................| Phosphates 2/.......................................| Other agricultural chemicals........................| Plastic resins and materials 2/.....................| Synthetic rubber 2/.................................| Plastic construction products 2/....................| Unsupported plastic film, sheet, & other shapes.....| Plastic parts and components for manufacturing 2/...| Softwood lumber 2/..................................| Hardwood lumber 2/..................................| Millwork 2/.........................................| Plywood 2/..........................................| Woodpulp 2/.........................................| Paper 2/............................................| Paperboard..........................................| Paper boxes and containers 2/.......................| Building paper and board 2/.........................| Commercial printing (June 1982=100) 2/..............| Foundry and forge shop products.....................| Steel mill products 2/..............................| Primary nonferrous metals 2/........................| Aluminum mill shapes 2/.............................| Copper and brass mill shapes 2/.....................| Nonferrous wire and cable 2/........................| Metal containers 2/.................................| Hardware............................................| Plumbing fixtures and brass fittings................| Heating equipment...................................| Fabricated structural metal products................| Fabricated ferrous wire products (June 1982=100) 2/.| Other misc. metal products 2/.......................| Mechanical power transmission equipment.............| 127.7 115.0 112.9 98.8 75.0 76.0 64.4 127.5 150.1 139.4 129.0 137.6 113.1 136.8 111.8 146.9 137.7 121.2 130.3 133.0 117.4 202.4 166.0 169.3 155.3 128.2 142.1 147.6 147.4 133.7 148.1 133.0 115.6 121.5 140.3 177.1 147.4 109.1 144.2 171.4 151.9 138.6 127.0 126.1 152.5 128.1 110.5 105.8 96.2 66.1 65.9 53.8 127.8 151.8 140.5 129.2 132.7 113.4 136.4 112.2 143.4 138.8 120.8 128.2 131.4 117.5 210.3 170.6 170.4 164.0 125.6 139.9 139.9 145.5 131.2 147.9 134.4 116.0 131.2 146.5 184.7 149.9 108.3 144.7 174.6 151.9 139.3 127.0 126.2 154.6 127.8 103.5 101.8 87.7 61.6 65.9 49.9 126.6 152.5 139.8 132.3 116.3 113.5 141.5 112.2 144.4 139.0 119.6 128.9 131.4 117.4 214.9 172.1 170.8 159.0 121.9 141.6 137.2 142.3 129.7 147.9 134.2 116.3 129.0 146.9 182.0 150.2 107.9 145.3 174.8 152.2 139.6 127.3 126.2 154.6 -1.0 .9 5.4 -2.3 -7.6 -12.6 -11.2 -.2 4.5 -2.3 3.4 .2 -2.4 4.7 -8.5 -1.2 8.8 -2.2 -1.4 .1 -.3 20.4 5.1 3.8 4.9 1.3 -7.2 -15.2 -9.7 -4.8 -.3 1.4 1.2 -2.6 -.3 -.2 1.1 -2.4 1.3 2.2 1.1 1.7 .4 .5 2.3 -.2 -6.3 -3.8 -8.8 -6.8 0 -7.2 -.9 .5 -.5 2.4 -12.4 .1 3.7 0 .7 .1 -1.0 .5 0 -.1 2.2 .9 .2 -3.0 -2.9 1.2 -1.9 -2.2 -1.1 0 -.1 .3 -1.7 .3 -1.5 .2 -.4 .4 .1 .2 .2 .2 0 0 .1 -2.5 -6.4 .8 2.7 1.6 2.3 .5 .4 .1 -.2 -2.5 0 -.2 -1.0 -2.7 .8 -.4 1.3 -.3 0 1.6 .3 .2 2.9 -1.3 -.6 -2.8 -.5 -.9 .1 .1 .3 1.4 1.7 -.4 .3 .2 -.1 1.0 -.3 .2 .1 .2 .6 .1 -6.8 -13.0 -16.5 -8.7 -10.7 -20.4 -.6 .3 -.1 0 -9.7 -.2 -1.5 .4 .9 .4 -.7 -.5 -.5 .1 1.3 1.0 .1 3.1 -1.1 -.1 -2.7 -1.2 .3 -.1 .4 0 3.9 1.1 3.8 1.0 .2 -.1 -.6 -.1 0 0 -.2 .1 -.1 -4.9 -2.2 -4.8 -6.1 -.3 -7.2 -.9 .4 -.5 2.4 -12.4 -.9 3.8 0 .7 .1 -1.0 .5 .5 -.1 2.2 .9 .2 -3.0 -2.9 1.2 -2.7 -2.2 -1.1 0 -.1 .3 -1.7 .3 -1.5 .2 -.4 .5 .1 .3 .2 .2 0 0 11-48 11-49-02 11-49-05 11-71 11-73 11-75 11-78 11-94 11-95 13-11 13-22 13-3 13-6 13-7 13-8 14-12 14-23 14-25 15-42 15-6 | Air conditioning and refrigeration equipment........| | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| | Ball and roller bearings............................| | Wiring devices......................................| | Motors, generators, motor generator sets............| | Switchgear, switchboard, etc., equipment............| | Electronic components and accessories 2/............| | Internal combustion engines.........................| | Machine shop products 2/............................| | Flat glass 2/.......................................| | Cement..............................................| | Concrete products...................................| | Asphalt felts and coatings 2/.......................| | Gypsum products 2/..................................| | Glass containers 2/.................................| | Motor vehicle parts 2/..............................| | Aircraft engines & engine parts (Dec. 1985=100).....| | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| | Photographic supplies 2/............................| | Medical/surgical/personal aid devices...............| | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| | | 01-21 | Wheat 2/............................................| 01-22-02-05| Corn................................................| 01-31 | Slaughter cattle....................................| 01-32 | Slaughter hogs......................................| 01-41-02 | Slaughter broilers/fryers...........................| 01-42 | Slaughter turkeys...................................| 01-6 | Fluid milk..........................................| 01-83-01-31| Soybeans............................................| 02-52-01-01| Cane sugar,raw 2/...................................| | | | 01-51-01-01| 01-92-01-01| 04-11 | 05-1 | 05-31 | 05-61 | 08-5 | | CRUDE NONFOOD MATERIALS..............................| | Raw cotton..........................................| Leaf tobacco 2/.....................................| Cattle hides 2/.....................................| Coal 2/.............................................| Natural gas 2/......................................| Crude petroleum 2/..................................| Logs, timber, etc. 2/...............................| 133.0 151.0 159.5 152.0 144.2 144.0 107.2 139.6 134.7 109.9 135.9 134.7 99.7 160.8 127.4 116.2 135.6 139.5 129.7 142.9 132.6 152.5 162.5 152.9 144.2 144.5 105.7 139.7 134.6 108.5 136.6 135.4 99.4 168.4 125.9 115.3 137.3 140.4 129.3 144.0 132.8 153.2 163.4 153.5 144.5 144.6 105.5 139.8 134.9 108.4 140.0 135.5 100.2 170.5 125.9 115.3 137.8 140.2 129.3 144.2 .1 2.3 4.0 1.7 -1.1 2.0 -3.6 1.1 1.3 -1.5 5.0 2.0 .3 17.3 -2.9 -.9 2.9 .6 -.4 .6 .2 .5 .6 .4 .2 .1 -.2 .1 .2 -.1 2.5 .1 .8 1.2 0 0 .4 -.1 0 .1 -.6 .3 -.4 -.3 0 .2 -.8 -.2 0 -.4 .4 .1 .2 -.6 -1.6 -.2 .9 -.4 0 -.2 .2 .4 1.6 .1 -.1 -.3 -.4 .4 -.2 -.3 -.2 .1 -.5 .5 0 .1 .1 -.1 0 .1 .3 .5 .8 .5 .1 .1 -.2 .1 .2 -.1 .7 .1 .8 1.2 0 0 .9 -.1 0 .5 121.6 110.3 108.9 -4.8 -1.3 -5.9 -6.9 -.9 113.6 114.0 116.8 -2.3 2.5 -1.9 2.1 3.3 114.0 105.6 95.5 91.3 157.5 125.9 102.5 115.7 117.9 113.2 120.3 100.5 79.8 123.4 99.4 98.6 144.8 116.4 121.7 119.2 103.3 91.5 132.3 111.8 98.3 142.4 116.1 -18.5 -32.5 14.0 11.3 6.3 -2.1 -3.3 8.0 -1.9 7.5 -.9 2.8 14.7 7.2 12.5 -.3 -1.7 -.3 -2.0 .9 -2.3 -10.3 -2.9 .7 -1.1 3.7 -2.0 .7 9.9 6.9 -10.2 -15.7 -1.7 3.9 11.7 1.0 7.5 -3.9 5.0 19.2 13.5 8.1 -.7 -3.5 -.3 122.5 103.9 99.7 -6.6 -4.0 -8.3 -12.5 -4.1 120.8 113.2 205.4 93.7 140.7 70.9 209.5 122.5 111.7 211.8 96.4 92.8 56.3 215.2 114.7 (3) 212.0 101.4 80.5 56.1 215.2 -20.1 (3) 20.7 7.5 -13.3 -15.0 7.5 -6.4 (3) .1 5.2 -13.3 -.4 0 -1.3 4.8 .3 -3.7 -14.7 -12.2 .7 .3 -8.2 2.0 3.2 -29.2 -13.4 0 -10.2 (3) .1 5.2 -13.3 -.4 0 09-12 | Wastepaper 2/.......................................| 146.6 166.7 154.0 25.1 -7.6 .9 8.4 -7.6 10-11 | Iron ore 2/.........................................| 96.7 99.7 99.7 2.0 0 0 0 0 10-12 | Iron and steel scrap 2/.............................| 172.2 186.2 180.2 -8.9 -3.2 5.2 -2.2 -3.2 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 83.9 88.0 83.5 -12.6 -5.1 0 4.6 -5.1 10-23-01 | Copper base scrap 2/................................| 157.9 169.2 164.9 -8.4 -2.5 -3.0 2.7 -2.5 10-23-02 | Aluminum base scrap.................................| 174.8 199.8 196.0 6.6 -1.9 .4 3.6 -2.1 13-21 | Construction sand, gravel, and crushed stone........| 146.3 147.7 148.2 1.9 .3 0 .4 .1 ____________________________________________________________________________________________________________________________________ 1/ The indexes for December 1996 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision four months after original publication. 2/ 3/ Not seasonally adjusted. Not available. Table 3. Producer Price Indexes for selected commodity groupings (1982=100 unless otherwise indicated) _______________________________________________________________________________________________ | | | | | Unadjusted index 1/ | Commodity| |___________________________________| code | Grouping | Dec. 1996 |March 1997 |April 1997 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 372.3 | 371.0 | 369.3 | | All commodities................................| 129.1 | 127.7 | 127.2 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 127.8 | 128.4 | 128.7 | 01 | Farm products................................| 114.8 | 116.0 | 116.6 | 02 | Processed foods and feeds....................| 134.2 | 134.6 | 134.6 | | | | | | | Industrial commodities.........................| 129.3 | 127.5 | 126.9 | 03 | Textile products and apparel.................| 122.7 | 122.6 | 122.5 | 04 | Hides, skins, leather, and related products..| 154.4 | 157.1 | 157.6 | 05 | Fuels and related products and power 2/......| 93.3 | 84.6 | 82.9 | 06 | Chemicals and allied products 2/.............| 143.2 | 144.0 | 143.8 | 07 | Rubber and plastic products..................| 123.7 | 123.3 | 123.2 | 08 | Lumber and wood products.....................| 179.7 | 184.2 | 184.9 | 09 | Pulp, paper, and allied products.............| 167.2 | 166.6 | 166.1 | 10 | Metals and metal products....................| 129.9 | 132.2 | 131.8 | 11 | Machinery and equipment......................| 126.2 | 126.2 | 126.2 | 12 | Furniture and household durables.............| 130.9 | 130.9 | 130.9 | 13 14 15 01-1 01-2 01-3 01-4 01-5 01-7 01-8 01-83 01-9 02-1 02-2 02-22 02-5 02-6 02-63 02-7 03-81 04-4 05-3 05-4 05-7 06-3 06-5 06-7 07-1 07-11 07-13 07-2 08-1 09-1 09-15 10-1 10-2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nonmetallic mineral products.................| Transportation equipment.....................| Miscellaneous products.......................| | Industrial commodities less fuels and related | products and power...........................| | | OTHER COMMODITY GROUPINGS | | Fruits and melons, fresh and dry vegetables, | and tree nuts................................| Grains.........................................| Slaughter livestock............................| Slaughter poultry..............................| Plant and animal fibers........................| Chicken eggs...................................| Hay, hayseeds, and oilseeds....................| Oilseeds.......................................| Other farm products............................| Cereal and bakery products.....................| Meats, poultry, and fish.......................| Processed poultry..............................| Sugar and confectionery........................| Beverages and beverage materials...............| Packaged beverage materials....................| Fats and oils..................................| Apparel........................................| Other leather and related products.............| Gas fuels 2/...................................| Electric power.................................| Refined petroleum products.....................| Drugs and pharmaceuticals......................| Agricultural chemicals and products............| Other chemicals and allied products............| Rubber and rubber products.....................| Rubber, except natural rubber..................| Miscellaneous rubber products..................| Plastic products...............................| Lumber.........................................| Pulp, paper, and products, excluding building | paper and board..............................| Converted paper and paperboard products........| Iron and steel.................................| Nonferrous metals..............................| 131.9 142.6 148.5 138.8 119.6 109.6 95.8 149.0 120.4 161.8 138.9 126.5 168.8 158.5 121.5 121.6 138.8 135.2 126.6 125.8 125.4 141.3 132.1 128.2 74.5 215.4 133.7 132.3 116.5 120.5 136.9 130.4 189.3 145.4 150.7 124.2 133.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 132.7 142.9 150.1 139.4 125.6 119.3 96.3 117.4 122.5 119.7 164.2 154.3 166.6 158.0 119.7 117.6 138.7 137.5 140.5 131.5 125.6 143.4 90.1 128.3 69.0 218.6 132.5 132.8 116.2 120.1 137.5 129.9 196.2 143.2 148.4 126.1 139.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 133.2 142.2 150.6 139.2 111.2 121.2 101.6 127.0 115.1 108.2 164.4 151.7 'N.A.' 158.5 118.8 116.8 138.6 138.7 146.8 128.5 125.3 143.3 80.0 128.1 68.3 219.3 134.0 132.8 116.3 118.9 137.7 129.8 199.8 141.8 146.7 125.7 138.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10-25 | Nonferrous mill shapes.........................| 140.3 | 145.7 | 145.4 | 11-3 | Metalworking machinery and equipment...........| 144.1 | 144.8 | 145.1 | 11-4 | General purpose machinery and equipment........| 143.4 | 144.5 | 144.9 | 11-6 | Special industry machinery.....................| 154.4 | 156.0 | 156.1 | 11-7 | Electrical machinery and equipment.............| 123.2 | 122.6 | 122.7 | 11-9 | Miscellaneous machinery and equipment..........| 130.1 | 130.4 | 130.6 | 12-6 | Other household durable goods..................| 148.9 | 149.4 | 149.8 | 13-2 | Concrete ingredients...........................| 140.0 | 141.1 | 142.7 | 14-1 | Motor vehicles and equipment...................| 134.8 | 134.3 | 133.6 | 15-1 | Toys, sporting goods, small arms, etc..........| 130.3 | 131.7 | 131.0 | 15-4 | Photographic equipment and supplies............| 118.9 | 118.6 | 118.6 | 15-9 | Other miscellaneous products...................| 133.1 | 133.3 | 133.6 | __________________________________________________________|___________|___________|___________| 1/ Data for Dec. 1996 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 2/ Prices of some items in this grouping are lagged 1 month. Table 4. Producer price indexes for the net output of major industry groups, not seasonally adjusted ____________________________________________________________________________________________________________________ | | | Index | Percent change Industry | Industry 1/ |Index|_______________________|to_Apr._1997_from:__ code | |base | | | | | | | |Dec. |Mar. |Apr. | Apr. | Mar. | | |1996 2/|1997 2/|1997 2/| 1996 | 1997 __________________|______________________________________________|_____|_______|_______|_______|________|___________ | | | |Total mining industries...................... |12/84| 104.2 83.3 79.4 -7.7 -4.7 10 | Metal mining................................ |12/84| 87.3 91.1 87.6 -9.1 -3.8 12 | Coal mining................................. |12/85| 90.7 92.5 95.6 4.9 3.4 13 | Oil and gas extraction...................... |12/85| 112.1 83.3 77.8 -9.7 -6.6 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 127.1 128.0 128.2 .9 .2 | | | |Total manufacturing industries............... |12/84| 128.0 127.8 127.7 .7 -.1 20 | Food and kindred products................... |12/84| 128.2 128.2 128.3 3.0 .1 21 | Tobacco manufactures........................ |12/84| 201.2 206.6 208.7 7.0 1.0 22 | Textile mill products....................... |12/84| 118.6 118.9 118.8 .6 -.1 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 123.1 123.3 122.9 1.2 -.3 24 | Lumber and wood products, except furniture.. |12/84| 155.9 159.0 159.6 5.7 .4 25 | Furniture and fixtures...................... |12/84| 137.4 137.5 137.8 1.5 .2 26 27 28 29 30 31 32 33 34 | Paper and allied products................... |12/84| 134.7 132.4 131.2 -6.6 -.9 | Printing, publishing, and allied industries. |12/84| 166.9 168.1 168.4 2.0 .2 | Chemicals and allied products............... |12/84| 146.4 147.2 147.0 1.2 -.1 | Petroleum refining and related products..... |12/84| 92.5 86.6 85.7 -5.3 -1.0 | Rubber and miscellaneous plastic products... |12/84| 123.3 122.9 122.9 .2 0 | Leather and leather products................ |12/84| 136.0 137.9 138.1 3.0 .1 | Stone, clay, glass, and concrete products... |12/84| 126.5 127.1 127.5 1.7 .3 | Primary metal industries.................... |12/84| 123.0 124.9 125.0 .7 .1 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 126.6 127.1 127.3 1.0 .2 35 | Machinery, except electrical................ |12/84| 118.7 119.0 118.9 -.3 -.1 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 112.7 111.9 112.0 -1.1 .1 37 | Transportation equipment.................... |12/84| 135.1 135.6 134.8 .5 -.6 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 125.2 125.4 125.7 .5 .2 39 | Miscellaneous manufacturing industries...... |12/85| 128.3 129.0 128.7 1.0 -.2 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 100.0 99.9 100.2 (3) .3 42 | Motor freight transportation and warehousing |06/93| 107.2 107.9 108.6 2.5 .6 43 | United states postal service................ |06/89| 132.3 132.3 132.3 0 0 44 | Water transportation........................ |12/92| 104.2 104.4 102.9 -.9 -1.4 45 | Transportation by air....................... |12/92| 122.7 124.9 125.8 4.7 .7 46 | Pipe lines, except natural gas.............. |12/86| 100.9 98.8 98.8 -4.7 0 80 | Health services............................. |12/94| 105.3 106.0 106.1 1.7 .1 81 | Legal services.............................. |12/96| 100.0 101.8 101.8 (3) 0 ____________________________________________________________________________________________________________________ 1/ Indexes in this table are derived from the net-output-weighted industry price indexes. Because of differences in coverage and aggregation methodology, they will generally not match the movements of similarly-titled indexes which are derived from traditional commodity groupings. 2/ The indexes for Dec. 1996 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision four months after original publication. 3/ Not available. Table 5. Producer Price Indexes by stage of processing, seasonally adjusted (1982=100) ________________________________________________________________________________________________________________ | | Index 1/ |________________________________________________________ Grouping | | | | | | | Nov. | Dec. | Jan. | Feb. | Mar. | Apr. | 1996 | 1996 | 1997 | 1997 | 1997 | 1997 _______________________________________________________|_________|________|________|________|________|__________ Finished goods...................................| 132.7 133.4 133.0 132.5 132.4 131.6 Finished consumer goods........................| 131.3 132.1 131.7 131.1 130.8 129.9 Finished consumer foods......................| 136.2 135.9 134.5 134.1 135.3 134.7 Crude......................................| 136.4 136.0 129.7 132.8 139.3 120.9 Processed..................................| 136.2 135.9 134.8 134.1 134.9 135.6 Finished consumer goods, excluding foods.....| 129.0 130.3 130.3 129.6 128.7 127.8 Nondurable goods less foods................| 125.1 127.0 126.9 126.1 124.6 123.4 Durable goods..............................| 134.5 134.5 134.4 134.4 134.6 134.4 Capital equipment..............................| 138.5 138.5 138.6 138.5 138.9 138.3 Manufacturing industries.....................| 137.4 137.4 137.7 137.7 137.8 137.7 Nonmanufacturing industries..................| 138.8 138.9 138.9 138.7 139.2 138.5 | Intermediate materials, supplies, and components.| 125.8 126.4 126.7 126.6 125.9 125.5 Materials and components for manufacturing.....| 128.1 128.3 128.6 128.5 128.4 128.3 Materials for food manufacturing.............| 125.0 124.1 125.9 124.3 124.3 124.2 Materials for nondurable manufacturing.......| 129.5 129.8 130.1 129.9 129.3 129.0 Materials for durable manufacturing..........| 131.0 131.5 132.0 132.5 133.4 133.3 Components for manufacturing.................| 126.7 126.8 126.7 126.6 126.5 126.6 Materials and components for construction......| 145.1 144.9 145.0 145.6 146.1 146.5 Processed fuels and lubricants.................| 91.8 94.6 95.3 94.7 90.3 88.6 Manufacturing industries ....................| 94.7 97.2 98.2 97.0 92.4 90.8 Nonmanufacturing industries..................| 90.0 92.9 93.5 93.1 89.0 87.1 Containers.....................................| 137.4 137.7 138.1 137.5 136.8 134.8 Supplies.......................................| 135.5 135.6 135.6 135.4 135.9 136.0 Manufacturing industries.....................| 138.9 138.9 139.0 139.0 139.0 139.0 Nonmanufacturing industries..................| 133.8 133.8 133.8 133.5 134.2 134.5 Feeds......................................| 128.2 127.9 127.3 127.4 132.7 134.6 Other supplies.............................| 134.6 134.7 134.7 134.4 134.5 134.5 | Crude materials for further processing...........| 115.0 122.1 125.6 118.2 110.0 109.0 Foodstuffs and feedstuffs......................| 117.7 114.5 113.4 111.3 113.6 117.3 Nonfood materials..............................| 109.1 122.7 129.2 118.5 103.7 99.5 Nonfood materials except fuel 2/.............| 108.1 109.3 112.9 107.7 103.7 103.3 Manufacturing 2/...........................| 99.9 101.0 104.6 99.2 95.2 94.7 Construction...............................| 198.3 199.0 200.6 201.3 201.6 201.3 Crude fuel 3/................................| 100.4 134.1 144.9 125.9 93.9 83.6 Manufacturing industries...................| 97.6 127.6 137.3 120.4 91.9 82.7 Nonmanufacturing industries................| 102.4 137.5 148.8 129.0 95.6 84.9 | Special groupings | | Finished goods, excluding foods..................| 131.5 132.5 132.5 132.0 131.5 130.6 Intermediate materials less foods and feeds......| 125.8 126.5 126.7 126.6 125.8 125.4 Intermediate foods and feeds.....................| 126.3 125.6 126.6 125.6 127.3 127.8 Crude materials less agricultural products 2/....| 108.5 122.6 129.4 118.3 103.1 99.0 | Finished energy goods............................| 85.8 88.6 88.6 87.5 84.5 82.3 Finished goods less energy.......................| 140.6 140.6 140.2 139.9 140.6 140.3 Finished consumer goods less energy..............| 141.4 141.4 140.8 140.5 141.3 141.0 | Finished goods less foods and energy.............| 142.3 142.5 142.4 142.2 142.7 142.5 Finished consumer goods less foods and energy....| 144.6 144.9 144.8 144.6 145.1 145.1 Consumer nondurable goods less foods and energy..| 151.9 152.4 152.2 151.8 152.6 152.8 | Intermediate energy goods........................| 91.6 94.3 95.0 94.4 90.1 88.3 Intermediate materials less energy...............| 133.3 133.4 133.6 133.6 133.7 133.7 Intermediate materials less foods and energy.....| 133.8 133.9 134.1 134.1 134.1 134.1 | Crude energy materials 2/........................| 91.9 109.6 117.2 102.7 83.0 78.7 Crude materials less energy......................| 126.5 124.2 124.2 123.1 125.1 126.7 Crude nonfood materials less energy 3/...........| 153.2 153.2 156.2 157.8 158.7 155.0 ______________________________________________________________________________________________________________ 1/ 2/ 3/ All seasonally adjusted indexes are subject to change up to 5 years after original publication due to the recalculation of seasonal factors each January. The indexes for December 1996 have been recalculated to incorporate late reports and corrections by respondents. Includes crude petroleum. Excludes crude petroleum. Technical Notes Brief Explanation of Producer Price Indexes Producer price indexes (PPI) measure average changes in prices received by domestic producers of commodities in all stages of processing. Most of the information used in calculating the indexes is obtained through the systematic sampling of nearly every industry in the manufacturing and mining sectors of the economy. The PPI program also includes some information from other sectors--agriculture, fishing, forestry, services, and gas and electricity. Because producer price indexes are designed to measure only the change in prices received for the output of domestic industries, imports are not included. The sample currently contains about 3,200 commodities and 80,000 quotations per month. There are three primary systems of indexes within the PPI program: (1) Stage of processing indexes; (2) commodity indexes; and (3) indexes for the net output of industries and their products. The stage-of-processing structure (tables 1 and 2) organizes products by class of buyer and degree of processing. The commodity structure (tables 2 and 3) organizes products by similarity of end-use or material composition. The entire output of various industries is sampled to derive price indexes for the net output of industries and their products (table 4). Within the stage-of-processing system, finished goods are commodities that will not undergo further processing and are ready for sale to the final demand user, either an individual consumer or business firm. Consumer foods include unprocessed foods such as eggs and fresh vegetables, as well as processed foods such as bakery products and meats. Other finished consumer goods include durable goods such as automobiles, household furniture, and appliances, and nondurable goods such as apparel and home heating oil. Capital equipment includes producer durable goods such as heavy motor trucks, tractors, and machine tools. The stage-of-processing category for intermediate materials, supplies, and components consists partly of commodities that have been processed but require further processing. Examples of such semifinished goods include flour, cotton yarn, steel mill products, and lumber. The intermediate goods category also encompasses nondurable, physically complete items purchased by business firms as inputs for their operations. Examples include diesel fuel, belts and belting, paper boxes, and fertilizers. Crude materials for further processing are products entering the market for the first time that have not been manufactured or fabricated and that are not sold directly to consumers. Crude foodstuffs and feedstuffs include items such as grains and livestock. Examples of crude nonfood materials include raw cotton, crude petroleum, coal, hides and skins, and iron and steel scrap. Producer price indexes for the net output of industries and their products are grouped according to the Standard Industrial Classification (SIC) and the Census product code extension of the SIC. Industry price indexes are compatible with other economic time series organized by SIC codes, such as data on employment, wages, and productivity. Table 4 lists indexes for the net output of major mining and manufacturing industry groups at the 2-digit level. Producer price indexes are based on selling prices reported by establishments of all sizes selected by probability sampling, with the probability of selection proportionate to size. Individual items and transaction terms from these firms are also chosen by probability proportionate to size. BLS strongly encourages cooperating companies to supply actual transaction prices at the time of shipment to minimize the use of list prices. Prices are normally reported by mail questionnaire for the Tuesday of the week containing the 13th. Price data are provided on a voluntary and confidential basis; no one but sworn BLS employees are allowed access to individual company price reports. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents. Net output values of shipments are used as weights for industry indexes. Net output values refer to the value of shipments from establishments in one industry to establishments classified in another industry. However, weights for commodity price indexes are based on gross shipment values, including shipment values between establishments within the same industry. As a result, broad commodity grouping indexes such as the all commodities index are affected by the multiple counting of price change at successive stages of processing, which can lead to exaggerated or misleading signals about inflation. Stage-ofprocessing indexes partially correct this defect, but industry indexes consistently correct for this at all levels of aggregation. Therefore, industry and stage-of-processing indexes are more appropriate than broad commodity groupings for economic analysis of general price trends. Weights for most traditional commodity groupings of the PPI, as well as all indexes (such as stage-of-processing indexes) calculated from traditional commodity groupings, currently reflect 1987 values of shipments as reported in the Census of Manufactures and other sources. From January 1987 through December 1991, PPI weights were derived from 1982 shipment values. Industry indexes shown in table 4 are also now calculated with 1987 net output weights. Effective with publication of January 1988 data, many important PPI series (including stage-of-processing groupings and most commodity groups and individual items) were placed on a new reference base, 1982=100, to coincide with the reference year of the shipment weights. From 1971 through 1987, the standard reference base for most PPI series was 1967=100. Except for rounding differences, the shift to the new reference base did not alter any changes to previously published percent changes for affected PPI series. (See "Calculating Index Changes," below.) The new reference base is not used for indexes with a base later than December 1981, nor for indexes for the net output of industries and their products. For further information on the underlying concepts and methodology of the Producer Price Index, see chapter 16, "Producer Prices," in BLS Handbook of Methods (September 1992), Bulletin 2414. Reprints are available from the Bureau of Labor Statistics on request. Calculating Index Changes Movements of price indexes from one month to another are usually expressed as percent changes rather than as changes in index points because index point chances are affected by the level of the index in relation to its base period, while percent changes are not. The box shows the computation of index point and percent changes. Percent changes for 3-month and 6-month periods can be expressed as annual rates that are computed according to the standard formula for compound growth rates. These data indicate what the percent change would be if the rate for a given 3- or 6-month span were maintained for a 12-month period. Index Point Change Finished Goods Price Index Less previous index Equals index point change 107.5 104.0 3.5 Index Percent Change Index point change 3.5 Divided by the previous index 104.0 Equals 0.034 Result multiplied by 100 0.034 x 100 Equals percent change 3.4 Each index measures price changes from a reference period which equals 100.0 (1982 or some later month). An increase of 5.5 percent from the reference period in the Finished Goods Price Index, for example, is shown as 105.5. This change can also be expressed in dollars as follows: "Prices received by domestic producers of a systematic sample of finished goods have risen from $100 in 1982 to $105.50 to-day." Likewise, a current index of 90.0 would indicate that prices received by producers of finished goods today are 10 percent lower than they were in 1982. Seasonally Adjusted and Unadjusted Data Because price data are used for different purposes by different groups, the Bureau of Labor Statistics publishes seasonally adjusted as well as unadjusted changes each month. Seasonally adjusted data are preferred for analyzing general price trends in the economy because they eliminate the effect of changes that normally occur at about the same time and in about the same magnitude every year-such as price movements resulting from normal weather patterns, regular production and marketing cycles, model changeovers, seasonal discounts, and holidays. For these reasons, seasonally adjusted data more clearly reveal underlying cyclical trends. Unadjusted data are of primary interest to users who need information which can be related to actual dollar values of transactions. Individuals requiring this information include marketing specialists, purchasing agents, budget and cost analysts, contract specialists, and commodity traders. It is the unadjusted data that are generally cited in escalating long-term contracts such as purchasing agreements or real estate leases. (See Escalation and Producer Price Indexes: A Guide for Contracting Parties, BLS Report 807, September 1991, available on request from BLS.) For more information, see "Appendix A: Seasonal Adjustment Methodology at BLS," in the BLS Handbook of Methods (September 1992), Bulletin 2414.
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