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FOR DATA ONLY: (202) 691-5200 FOR TECHNICAL INFORMATION: (202) 691-7705 MEDIA CONTACT: (202) 691-5902 http://stats.bls.gov/ppihome.htm USDL 01-134 TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (E.D.T.), FRIDAY, MAY 11, 2001 Producer Price Indexes -- April 2001 The Producer Price Index for Finished Goods rose 0.3 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.1-percent decline in March and a 0.1-percent gain in February. The index for finished goods other than foods and energy moved up 0.2 percent, compared with a 0.1percent increase in March. Prices received by producers of intermediate goods fell 0.2 percent in April, the same rate of decrease as in the prior month. The crude goods index turned up 0.9 percent, following a 1.7percent drop in March. (See table A.) Table A. Monthly and annual percent changes in selected stage-of-processing price indexes, seasonally adjusted ______________________________________________________________________________________ | | | | | | | Finished goods | | | | | | | | | |---------------------------------------------------------| | | | | | | | | Change in | | | | | | | | Except |finished goods| Inter- | | | | | | |foods and|from 12 months| mediate | Crude | | Month | Total | Foods | Energy | energy | ago(unadj.) | goods | goods | |--------------------------------------------------------------------------------------| 2000 Apr. -0.3 1.1 -3.5 0.0 3.6 -0.1 -1.5 May 0 .1 -.8 .2 3.7 0 3.1 June .9 -.4 6.1 .1 4.4 .9 8.5 July -.1 -.1 -.6 .1 4.3 .2 -2.0 Aug. -.1 -.4 -1.2 .2 3.4 -.3 -3.6 Sept. .7 .2 3.4 .3 3.5 .8 7.1 Oct. .4 .7 1.5 0 3.7 .2 3.8 Nov. .1 .2 .5 .1 3.8 -.2 -1.3 Dec. .1 r-.3 r.8 r.1 3.6 .4 r9.3 2001 Jan. Feb. Mar. 1.1 .1 -.1 r.7 .6 1.1 r4.2 1.4 -2.6 r.5 -.3 .1 4.8 4.0 3.1 .7 -.1 -.2 r10.6 -14.2 -1.7 Apr. .3 .6 .1 .2 3.7 -.2 .9 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2000 have been revised to reflect the availability of late reports and corrections by respondents. Prices for finished energy goods led the acceleration in the finished goods index by edging up 0.1 percent in April, after dropping 2.6 percent in March. Capital equipment prices also contributed to this acceleration, although to a lesser extent, by advancing 0.3 percent in April, after showing no change in the previous month. By contrast, price increases for finished consumer foods slowed from a 1.1-percent rate of increase in March to a 0.6-percent rate in April. The index for finished consumer goods other than foods and energy increased 0.2 percent in April, after moving up 0.3 percent in the prior month. Before seasonal adjustment, the Producer Price Index for Finished Goods advanced 0.5 percent to stand at 141.7 (1982=100). From April 2000 to April 2001, finished goods prices gained 3.7 percent. Over the same period, the index for finished energy goods increased 13.5 percent, finished goods other than foods and energy advanced 1.6 percent, and finished consumer foods rose 3.1 percent. Prices received by producers of intermediate goods increased 2.0 percent for the 12 months ended April 2001, and the index for crude goods advanced 19.4 percent during the same period. Finished goods Prices for finished energy goods turned up 0.1 percent in April, after registering a 2.6-percent decline in March. The gasoline index advanced 7.0 percent, following a 0.5-percent rise in the prior month. Home heating oil prices turned up, after declining in March. The indexes for liquefied petroleum gas and diesel fuel fell less than they did a month ago. Conversely, the index for residential natural gas decreased 4.3 percent in April, following a 4.0-percent drop a month earlier. Table B. Monthly and annual percent changes in selected price indexes for intermediate goods and crude goods, seasonally adjusted __________________________________________________________________________________ | | | | | | Intermediate goods | Crude goods | | | | | | |---------------------------------------------------------------------------| | | | | |Change in | | | | Change | | | | | | interme- | | | |in crude | | | | | | diate | | | | goods | | | | | |goods from| | | | from 12 | | | | |Excluding|12 months | | |Excluding| months | | | | |foods and|months ago| | Energy |foods and| ago | |Month | Foods | Energy | energy | (unadj.) | Foods | (unadj.)| energy |(unadj.) | |----------------------------------------------------------------------------------| 2000 Apr. 0.8 -2.5 0.4 5.3 1.4 -4.5 -0.7 22.2 May .9 -1.1 .1 5.0 -.9 8.8 -.7 19.0 June 0 4.9 .1 5.5 -2.3 22.6 -1.8 29.0 July -.6 1.0 .2 5.2 -1.9 -2.3 -1.5 25.3 Aug. -2.0 -.5 -.1 4.3 -3.9 -4.1 -1.6 14.7 Sept. .6 4.3 0 4.6 3.8 11.7 .8 17.4 Oct. .6 1.1 0 4.6 3.1 5.9 -.8 25.3 Nov. .2 -.2 -.1 4.2 1.2 -2.7 -2.1 17.6 Dec. r1.8 r1.4 r0 4.1 r3.6 r15.8 r.4 r35.5 2001 Jan. r1.5 r3.4 r.1 4.4 r2.1 r18.6 r.2 46.5 Feb. -1.5 -1.1 .1 3.5 -1.6 -23.3 -2.5 20.8 Mar. .5 -1.4 .1 2.3 3.0 -4.9 -1.3 16.5 Apr. -.1 -1.5 -.1 2.0 -.5 3.0 -2.6 19.4 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2000 have been revised to reflect the availability of late reports and corrections by respondents. Capital equipment prices advanced 0.3 percent in April, after showing no change in March. The index for electronic computers turned up 1.5 percent, following a 5.9-percent drop in the previous month. Civilian aircraft prices rose more than they did a month ago. The indexes for tools, dies, jigs, fixtures, and industrial molds and for office and store machines and equipment showed no change in April, after falling in the prior month. Prices for pumps and compressors and for truck trailers turned up, following March declines. By contrast, the index for passenger cars increased 0.2 percent in April, after advancing 0.6 percent in March. Prices for light motor trucks, commercial furniture, and heavy motor trucks also rose less in April than they did in the prior month. The index for xray and electromedical equipment declined at a faster rate than it did in the prior month. The finished consumer foods index advanced 0.6 percent in April, after posting a 1.1-percent gain in March. Pork prices rose 2.0 percent, following a 7.8-percent increase in the prior month. The index for beef and veal also rose less in April. Prices for fresh and dry vegetables, bakery products, and for shortening and cooking oils turned down in April, after rising in the prior month. By contrast, prices for eggs for fresh use jumped 37.0 percent in April, following a 9.1-percent decline in the previous month. The indexes for finfish and shellfish, processed turkeys, and for processed fruits and vegetables also rose, after falling in March. In April, the index for finished consumer goods other than foods and energy edged up 0.2 percent, following a 0.3-percent gain in March. Prices for prescription drugs, alcoholic beverages, newspaper circulation, passenger cars, sanitary papers and health products, and pet food rose in April. These increases outweighed falling prices for men's and boys' apparel, book publishing, household appliances, household furniture, and for lawn and garden equipment. Intermediate Goods The Producer Price Index for Intermediate Materials, Supplies, and Components declined 0.2 percent in April, seasonally adjusted, the same rate of decline as in March. Decreasing prices for intermediate energy goods, nondurable manufacturing materials, durable manufacturing materials, and intermediate foods and feeds outweighed increasing prices for manufacturing components and construction materials. Excluding foods and energy, the index for intermediate materials, supplies, and components decreased 0.1 percent, after increasing 0.1 percent in the previous month. (See table B.) Prices for intermediate energy goods fell 1.5 percent in April, following a 1.4-percent decline in March. Falling prices for jet fuels, liquefied petroleum gas, commercial natural gas, commercial electric power, diesel fuel, industrial electric power, and industrial natural gas more than offset increasing prices for gasoline. By dropping 2.3 percent, basic organic chemical prices led April's 0.4percent decline in the index for nondurable manufacturing materials. Prices for nitrogenates, medicinal and botanical chemicals, and woodpulp also moved down. Conversely, the basic inorganic chemicals index rose 2.4 percent in April. The indexes for plastic resins and materials, finished fabrics, and leather also increased. Prices for durable manufacturing materials declined 0.6 percent in April, following a 0.2-percent decrease in March. The aluminum mill shapes index dropped 0.9 percent, after increasing 0.1 percent in the previous month. Prices for primary aluminum (except extrusion billet) and for copper cathode and refined copper fell more than they did in March. The indexes for cement, plywood, prepared paint, and gold turned down, after showing gains in the prior month. On the other hand, prices for steel mill products fell 0.6 percent in April, compared with a 0.9-percent decrease in March. The index for copper and brass mill shapes also fell at a slower pace in April than it did in March. Prices for metal foil and leaf turned up, after falling last month. Flat glass price increases accelerated in April. The index for intermediate foods and feeds edged down 0.1 percent, after posting a 0.5-percent gain in March. Price decreases for prepared animal feeds, flour, and snack chips were offset by increasing prices for fluid milk products; pork; frozen ground meat patties; and for natural, processed, and imitation cheese. For the second straight month, prices for components for manufacturing increased 0.2 percent. Rising prices for aircraft engines and engine parts, non-automotive metal stampings, plastic transportation parts, and industrial rubber products outweighed falling prices for motor vehicle parts, machine shop products, and closed die steel forgings. As in March, the April index for materials and components for construction increased 0.1 percent. Advancing prices for plastic construction products, softwood lumber, millwork, wiring devices, asphalt felts and coatings, and switchgear were offset by declining prices for gypsum products, nonferrous wire and cable, plumbing fixtures and brass fittings, plywood, and cement. Crude goods The Producer Price Index for Crude Materials for Further Processing advanced 0.9 percent, seasonally adjusted, after registering a 1.7-percent decline in March. Accounting for this upturn, prices for crude energy materials increased in April, following a March decrease. By contrast, the index for crude foodstuffs and feedstuffs fell, after rising in the prior month, and basic industrial material prices fell more than they did in March. (See table B.) The index for crude energy materials rose 3.0 percent in April, following a 4.9-percent drop a 3.8-percent advance, after month. Also contributing to index increased 2.4 percent, earlier. Coal prices gained previous month. in March. Natural gas prices led the way with posting a 4.7-percent decline in the prior this month's acceleration, the crude petroleum compared with a 7.1-percent decrease a month 0.3 percent, after falling 0.4 percent in the The index for crude foodstuffs and feedstuffs declined 0.5 percent in April, following a 3.0-percent jump in March. Slaughter hog prices dropped 4.8 percent, after a 13.8-percent rise in the prior month. The indexes for slaughter cattle, slaughter broilers and fryers, wheat, soybeans, corn, and for fresh and dry vegetables also fell, following March gains. On the other hand, fluid milk prices advanced 8.1 percent in April, after increasing 5.7 percent a month earlier. The indexes for alfalfa hay, unprocessed finfish, and raw cane sugar turned up, following declines in the previous month. Prices for basic industrial materials decreased 2.6 percent in April, after falling 1.3 percent in March. The leaf tobacco index dropped 24.2 percent, following an 11.9-percent fall in the prior month. Prices for gold ores, iron and steel scrap, and pulpwood turned down in April. The wastepaper index declined more than it did a month earlier. Prices for phosphates and for hardwood logs, bolts, and timber rose less in April than they did in the previous month. By contrast, the raw cotton index decreased 7.7 percent, after dropping 16.4 percent in March. Prices for copper base scrap also fell less than they did in the prior month. The indexes for aluminum base scrap and cattle hides rose more than they did in March. Net output price indexes for mining, manufacturing, and services industries Mining. The Producer Price Index for the Net Output of Total Mining Industries advanced 1.1 percent in April, following a 5.4-percent drop in March. (Net output price indexes are not seasonally adjusted.) Most of April's upturn can be traced to a 1.6-percent rise in prices received by the crude petroleum, natural gas, and natural gas liquids industry, which followed a 6.9-percent decline in the prior month. The index for the bituminous coal and lignite industry also turned up in April. By contrast, prices received by the gold ores industry moved down 4.6 percent, after increasing 2.9 percent in March. Prices received by the oil and gas exploration services industry and the potash, soda, and borate minerals industry also fell, following gains a month earlier. In April, the Producer Price Index for the Net Output of Total Mining Industries stood at 132.2 (December 1984 = 100), 38.1 percent above its year-ago level. Manufacturing. The Producer Price Index for the Net Output of Total Manufacturing Industries rose 0.6 percent in April, after edging down 0.1 percent in March. Leading this reversal, prices received by the petroleum refining and related products industry group jumped 6.3 percent, following a 4.2-percent dip in the previous month. The index for the measuring and controlling instruments industry group also turned up in April. Prices received by the machinery (except electrical) industry group advanced, after showing no change a month earlier, while the index for the printing and publishing industry group increased more than it did in the prior month. On the other hand, prices received by the food and kindred products industry group rose 0.6 percent, following a 1.0-percent gain in March. The indexes for the chemicals and allied products and the furniture and fixtures industry groups turned down in April. Prices received by the transportation equipment and the lumber and wood products (except furniture) industry groups advanced less in April than they did in the previous month. In April, the Producer Price Index for the Net Output of Total Manufacturing Industries stood at 135.4 (December 1984 = 100), 2.1 percent above its year-ago level. Services. Among service industries in April, prices increased for property and casualty insurance, skilled and intermediate care facilities, offices of physicians, general medical and surgical hospitals, life insurance carriers, and prepackaged software. By contrast, prices received by the operators and lessors of nonresidential buildings, the passenger car rental, the telephone communications (except radiotelephone), and the scheduled air transportation industries fell in April. ***** Producer Price Index data for May 2001 will be released on Thursday, June 14, 2001 at 8:30 a.m. (E.D.T.) One-Month Lag in Producer Price Indexes for Liquefied Petroleum Gas to be Removed Effective with Data for July 2001 Effective with the release of data for July 2001, the 1-month lag in the Producer Price Index (PPI) for Liquefied Petroleum Gas, commodity code 05-32, will be eliminated. Since 1971, the liquefied petroleum gas index has been calculated with prices that lag behind the index reference date by one month. For example, the Producer Price Index for January contains liquefied petroleum gas prices for December. In order to eliminate this lag, the Bureau of Labor Statistics will utilize the natural gas liquids price data published by the Oil Price Information Service (OPIS) to estimate the PPI. These data will be used in the first-released index for liquefied petroleum gas. As is customary practice, a revised PPI for Liquefied Petroleum Gas will be published four months later. At that time, the interim estimates of price movement using OPIS data will be replaced with prices from the PPI sample. The July 2001 PPI for Liquefied Petroleum Gas to be released on August 10 will reflect the prices for this commodity as of July 2001. Indexes prior to July will continue to represent liquefied petroleum gas prices with a 1-month lag. As a result of this modification, the July 2001 percent change for the liquefied petroleum gas index will represent a 2month (May to July) price movement. For more information, call the Section of Index Analysis and Public Information at 202-691-7705. 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. 2001 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | Dec. |Mar. |Apr. | Apr. | Mar. |Jan. to|Feb. to |Mar. to | 2000 1/|2000 2/|2001 2/|2001 2/| 2000 | 2001 | Feb. | Mar. | Apr. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 139.7 141.0 141.7 3.7 0.5 0.1 -0.1 0.3 Finished consumer goods........................| 76.120 140.1 141.9 142.7 4.5 .6 .4 -.1 .3 Finished consumer foods......................| 22.499 137.9 140.9 141.6 3.1 .5 .6 1.1 .6 Crude......................................| 1.542 125.2 137.7 135.4 7.5 -1.7 3.8 1.3 .4 Processed..................................| 20.957 139.0 141.2 142.0 2.7 .6 .4 1.0 .6 Finished consumer goods, excluding foods.....| 53.620 140.9 142.1 142.9 5.1 .6 .2 -.7 .2 Nondurable goods less foods................| 38.181 141.6 143.8 144.9 7.1 .8 .5 -1.0 .2 Durable goods..............................| 15.440 135.3 134.1 134.2 .2 .1 -.7 .1 .1 Capital equipment..............................| 23.880 139.9 139.7 140.0 1.1 .2 -.3 0 .3 Manufacturing industries.....................| 6.280 139.9 140.1 140.4 .9 .2 -.1 0 .2 Nonmanufacturing industries..................| 17.600 139.8 139.5 139.8 1.2 .2 -.5 .1 .2 | Intermediate materials, supplies, and components.| 100.000 130.6 130.8 130.6 2.0 -.2 -.1 -.2 -.2 Materials and components for manufacturing.....| 45.394 128.1 128.9 128.7 .4 -.2 .1 .1 -.2 Materials for food manufacturing.............| 3.220 119.9 122.3 123.3 3.1 .8 -.2 1.7 .8 Materials for nondurable manufacturing.......| 15.694 133.4 135.8 135.2 2.2 -.4 .7 -.3 -.4 Materials for durable manufacturing..........| 9.899 127.5 126.7 126.0 -3.1 -.6 -.2 -.2 -.6 Components for manufacturing.................| 16.581 126.4 126.4 126.6 .4 .2 -.2 .2 .2 Materials and components for construction......| 13.213 149.9 150.2 150.4 -.8 .1 .3 .1 .1 Processed fuels and lubricants.................| 15.680 107.9 106.9 105.9 10.7 -.9 -1.1 -1.5 -1.4 Manufacturing industries ....................| 5.584 107.1 106.9 106.0 11.2 -.8 -1.3 -1.4 -.8 Nonmanufacturing industries..................| 10.096 108.0 106.5 105.6 10.5 -.8 -1.0 -1.5 -1.7 Containers.....................................| 3.971 152.8 152.8 153.2 1.1 .3 .1 -.1 .2 Supplies.......................................| 21.742 138.5 138.7 139.0 1.9 .2 -.3 .1 .2 Manufacturing industries.....................| 5.000 145.3 145.7 146.5 2.7 .5 .1 .5 .5 Nonmanufacturing industries..................| 16.742 135.5 135.8 135.9 1.7 .1 -.3 0 .1 Feeds......................................| 1.226 99.6 95.8 93.2 -1.4 -2.7 -4.6 -2.4 -2.7 Other supplies.............................| 15.517 140.0 140.6 141.1 2.0 .4 0 .3 .3 | Crude materials for further processing...........| 100.000 140.2 131.5 132.9 19.4 1.1 -14.2 -1.7 .9 Foodstuffs and feedstuffs......................| 31.781 104.1 108.9 109.1 5.5 .2 -1.6 3.0 -.5 Nonfood materials..............................| 68.219 160.1 142.2 144.5 28.2 1.6 -19.3 -4.1 1.7 Nonfood materials except fuel 3/.............| 30.839 110.8 106.4 106.0 -3.2 -.4 0 -4.1 -.2 Manufacturing 3/...........................| 29.876 102.0 97.8 97.5 -2.9 -.3 .1 -4.2 -.2 Construction...............................| 0.963 182.8 180.8 181.1 -10.2 .2 -2.2 .7 .1 Crude fuel 4/................................| 37.380 214.8 180.0 185.8 71.7 3.2 -30.2 -4.1 3.2 Manufacturing industries...................| 3.190 216.9 178.5 184.4 73.1 3.3 -31.8 -4.3 3.3 Nonmanufacturing industries................| 34.190 218.4 183.3 189.2 71.7 3.2 -30.1 -4.1 3.2 | Special groupings | | Finished goods, excluding foods..................|5/ 77.501 140.1 140.9 141.6 3.8 .5 0 -.4 .2 Intermediate materials less foods and feeds......|6/ 95.554 131.5 131.7 131.6 2.1 -.1 -.1 -.2 -.3 Intermediate foods and feeds.....................|6/ 4.446 113.7 114.1 114.0 1.9 -.1 -1.5 .5 -.1 Crude materials less agricultural products 3/ 7/.|8/ 66.283 162.4 144.4 147.4 29.6 2.1 -19.7 -3.9 2.1 | Finished energy goods............................|5/ 15.572 97.5 99.7 101.2 13.5 1.5 1.4 -2.6 .1 Finished goods less energy.......................|5/ 84.428 146.1 147.1 147.5 2.0 .3 -.1 .4 .3 Finished consumer goods less energy..............|5/ 60.548 148.7 150.2 150.6 2.3 .3 0 .5 .4 | Finished goods less foods and energy.............|5/ 61.929 149.3 149.5 149.8 1.6 .2 -.3 .1 .2 Finished consumer goods less foods and energy....|5/ 38.049 155.6 156.1 156.4 1.9 .2 -.4 .3 .2 Consumer nondurable goods less foods and energy..|5/ 22.609 171.6 173.5 174.0 3.0 .3 0 .2 .3 | Intermediate energy goods........................|6/ 15.800 107.5 106.4 105.5 10.6 -.8 -1.1 -1.4 -1.5 Intermediate materials less energy...............|6/ 84.200 135.4 136.0 136.0 .7 0 0 .1 -.1 Intermediate materials less foods and energy.....|6/ 79.754 136.8 137.4 137.4 .6 0 .1 .1 -.1 | Crude energy materials 3/........................|8/ 52.860 163.1 141.0 145.2 48.3 3.0 -23.3 -4.9 3.0 Crude materials less energy......................|8/ 47.141 112.6 115.2 114.3 -.7 -.8 -1.9 1.7 -1.0 Crude nonfood materials less energy 4/...........|8/ 15.359 137.9 134.6 130.8 -12.3 -2.8 -2.5 -1.3 -2.6 | _______________________________________________________________________________________________________________________________ 1/ 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 December 2000 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. 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 2/ further processing, excluding crude foodstuffs and feedstuffs, plant and animal fibers, oilseeds, and leaf tobacco." 8/ Percent of total crude materials. Table 2. 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. 2001 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Dec. |Mar. |Apr. | Apr. | Mar. |Jan. to|Feb. to|Mar. to | |2000 1/|2001 1/|2001 1/| 2000 | 2001 | Feb. | Mar. | Apr. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 139.7 141.0 141.7 3.7 0.5 0.1 -0.1 0.3 | FINISHED CONSUMER GOODS...............................| 140.1 141.9 142.7 4.5 .6 .4 -.1 .3 | FINISHED CONSUMER FOODS..............................| 137.9 140.9 141.6 3.1 .5 .6 1.1 .6 | | 01-11 | Fresh fruits and melons 2/..........................| 94.3 90.9 94.3 1.3 3.7 -8.3 2.7 3.7 01-13 | Fresh and dry vegetables 2/.........................| 109.8 156.0 129.0 2.9 -17.3 13.2 7.0 -17.3 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 109.3 88.2 104.2 19.6 18.1 1.0 -9.1 37.0 02-11 | Bakery products 2/..................................| 184.5 187.3 187.2 3.4 -.1 .4 .8 -.1 02-13 | Milled rice 2/......................................| 94.3 90.0 88.0 -15.4 -2.2 -2.3 -2.5 -2.2 02-14-02 | Pasta products (June 1985=100) 2/...................| 121.5 121.9 122.3 .6 .3 0 .2 .3 02-21-01 | Beef and veal.......................................| 118.5 125.9 125.7 9.9 -.2 0 3.2 .3 02-21-04 | Pork................................................| 109.3 116.6 120.6 4.0 3.4 1.3 7.8 2.0 02-22-03 | Processed young chickens............................| 113.2 112.9 115.1 5.1 1.9 5.6 .5 2.5 02-22-06 | Processed turkeys...................................| 101.6 93.2 100.4 4.5 7.7 1.9 -1.4 7.6 02-23 | Finfish and shellfish...............................| 192.2 200.1 207.8 -1.6 3.8 9.3 -5.3 3.9 02-3 | Dairy products......................................| 136.2 138.6 141.3 6.8 1.9 -.7 2.2 2.8 02-4 | Processed fruits and vegetables 2/..................| 127.6 127.8 128.3 -.5 .4 .4 -.2 .4 02-55 | Confectionery end products 2/.......................| 170.3 170.8 170.6 -.1 -.1 .2 -.1 -.1 02-62 | Soft drinks.........................................| 144.3 147.7 147.8 2.4 .1 -.4 .7 0 02-63-01 | Roasted coffee 2/...................................| 126.3 126.1 124.3 -9.2 -1.4 .1 -.2 -1.4 02-78 | Shortening and cooking oils 2/......................| 131.4 131.6 130.7 -1.5 -.7 -.3 1.9 -.7 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 140.9 142.1 142.9 5.1 .6 .2 -.7 .2 | | 02-61 | Alcoholic beverages.................................| 03-81-01 | Women's apparel 2/..................................| 03-81-02 | Men's and boys' apparel.............................| 03-81-03 | Girls', children's, and infants' apparel 2/.........| 03-82 | Textile housefurnishings 2/.........................| 04-3 | Footwear 2/.........................................| 05-41 | Residential electric power (Dec. 1990=100)..........| 05-51 | Residential gas (Dec. 1990=100).....................| 05-71 | Gasoline............................................| 05-73-02-01| Fuel oil No. 2......................................| 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 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 2/............................| 09-32-01 | Periodical circulation..............................| 09-33 | Book publishing.....................................| 12-1 | Household furniture 2/..............................| 12-3 | Floor coverings 2/..................................| 12-4 | Household appliances ...............................| 12-5 | Home electronic equipment 2/........................| 12-62 | Household glassware.................................| 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 2/.............| 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. 1998=100) 2/.............| 143.0 124.7 133.2 116.4 121.3 144.9 110.4 167.8 88.5 100.7 348.4 187.2 130.0 138.4 93.3 148.0 216.1 198.9 223.3 153.8 132.2 106.4 71.2 167.7 148.8 132.3 134.8 122.7 126.1 404.3 162.1 127.4 142.3 144.7 123.0 132.9 116.7 122.4 146.1 113.1 180.2 91.2 83.3 354.0 187.9 130.2 138.8 93.6 145.9 215.2 200.6 222.3 154.9 129.8 105.7 71.1 169.2 148.8 132.6 133.3 123.0 126.8 426.8 162.3 126.5 142.3 145.2 123.0 132.1 116.3 122.9 147.3 113.3 172.1 103.7 85.8 355.9 187.7 130.4 138.8 93.9 146.5 217.6 200.7 221.9 154.6 130.5 105.5 71.1 169.8 151.5 131.7 133.5 123.0 127.5 426.6 162.9 126.3 142.3 5.8 -1.2 -.8 -1.6 .5 1.7 5.5 42.5 16.8 4.5 3.5 -.1 2.5 1.7 .6 .5 4.5 1.2 2.3 1.4 1.4 -2.4 -1.7 2.2 8.2 -.2 .2 1.1 .5 8.6 1.4 -.5 1.0 .3 0 -.6 -.3 .4 .8 .2 -4.5 13.7 3.0 .5 -.1 .2 0 .3 .4 1.1 0 -.2 -.2 .5 -.2 0 .4 1.8 -.7 .2 0 .6 0 .4 -.2 0 -.5 .1 -.1 0 .6 .9 1.0 3.5 -.8 -1.6 .1 .4 -.3 -.3 .2 -1.5 .4 0 0 .1 1.4 -.1 -.1 -.2 0 .2 -1.5 .3 .2 0 0 -.4 0 139.9 139.7 140.0 1.1 .2 -.3 154.5 148.9 162.2 162.1 141.4 155.1 135.6 68.9 154.0 149.0 163.2 163.5 140.2 156.3 136.6 60.5 154.9 149.2 163.7 164.0 140.2 156.4 136.6 61.4 1.0 .4 1.3 1.9 -.8 1.9 1.9 -18.4 .6 .1 .3 .3 0 .1 0 1.5 -.1 -.1 .1 .8 .2 .3 .1 -1.1 1.3 -.3 -.2 .1 .2 -.1 .2 -4.0 .5 -9.2 .9 .3 0 .2 .3 .1 0 1.0 .4 .5 -2.8 -.6 .1 .1 0 -.2 .6 .3 1.0 0 .1 -.2 0 .5 0 -.5 -.3 .4 .8 .2 -4.3 7.0 2.1 .5 -.1 .2 0 .3 .4 1.1 0 -.8 -.2 .5 -.5 0 0 1.8 -.7 .2 0 .6 0 .4 -.2 0 0 .3 .6 .3 .4 0 -1.4 -.3 .1 -5.9 0 .6 .3 .3 0 .3 0 1.5 11-62 11-64 11-65 11-74 11-76 11-79-05 11-91 11-92 11-93 12-2 14-11-05 14-11-06 14-14 14-21-02 14-31 14-4 | Textile machinery 2/................................| 157.0 157.0 157.6 1.1 .4 0 0 .4 | Paper industries machinery (June 1982=100)..........| 164.8 165.8 166.4 .9 .4 .5 -.1 .3 | Printing trades machinery 2/........................| 143.3 143.6 143.7 1.6 .1 0 0 .1 | Transformers and power regulators 2/................| 134.9 134.8 135.3 -.3 .4 -.4 -.1 .4 | Communication & related equip. (Dec. 1985=100) 2/...| 109.8 110.4 110.4 -.2 0 0 0 0 | X-ray and electromedical equipment 2/...............| 100.1 100.0 98.8 -1.5 -1.2 0 -.3 -1.2 | Oil field and gas field machinery ..................| 129.6 131.5 131.9 3.2 .3 .9 .5 .5 | Mining machinery and equipment 2/...................| 146.7 147.6 147.8 1.4 .1 .1 0 .1 | Office and store machines and equipment 2/..........| 112.4 112.2 112.2 -.1 0 -.6 -.6 0 | Commercial furniture 2/.............................| 158.9 160.0 160.1 1.2 .1 .1 .3 .1 | Light motor trucks..................................| 161.4 155.2 155.3 -1.1 .1 -3.6 .5 .1 | Heavy motor trucks 2/...............................| 148.3 149.9 150.6 1.7 .5 -.2 .6 .5 | Truck trailers 2/...................................| 139.4 138.8 138.9 0 .1 -.4 -.1 .1 | Civilian aircraft (Dec. 1985=100)...................| 164.3 166.2 166.9 5.9 .4 .4 .2 .5 | Ships (Dec. 1985=100) 2/............................| 148.6 148.6 148.6 1.5 0 0 .1 0 | Railroad equipment 2/...............................| 135.8 135.8 135.8 0 0 0 0 0 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 130.6 130.8 130.6 2.0 -.2 -.1 -.2 -.2 | | | INTERMEDIATE FOODS AND FEEDS..........................| 113.7 114.1 114.0 1.9 -.1 -1.5 .5 -.1 | | 02-12-03 | Flour 2/............................................| 107.0 108.9 107.9 5.9 -.9 -.5 1.8 -.9 02-53 | Refined sugar 2/....................................| 106.4 108.1 108.2 -3.0 .1 2.5 -2.1 .1 02-54 | Confectionery materials.............................| 95.1 104.7 105.2 11.9 .5 .7 2.9 .4 02-72 | Crude vegetable oils 2/.............................| 63.7 65.6 66.8 -20.5 1.8 -2.9 10.6 1.8 02-9 | Prepared animal feeds 2/............................| 107.3 104.3 102.3 -.4 -1.9 -3.5 -2.0 -1.9 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 131.5 131.7 131.6 2.1 -.1 -.1 -.2 -.3 | | 03-1 | Synthetic fibers 2/.................................| 109.4 111.3 111.6 5.6 .3 2.0 -.1 .3 03-2 | Processed yarns and threads 2/......................| 107.6 107.4 107.2 -.8 -.2 -.5 -.6 -.2 03-3 | Gray fabrics 2/.....................................| 114.6 115.3 115.2 1.8 -.1 .3 -.3 -.1 03-4 | Finished fabrics....................................| 121.8 121.9 123.0 .1 .9 -.3 -.2 .9 03-83-03 | Industrial textile products 2/......................| 131.2 131.7 132.0 .7 .2 0 -.1 .2 04-2 | Leather 2/..........................................| 190.7 198.9 206.7 14.5 3.9 2.3 1.4 3.9 05-32 | Liquefied petroleum gas 2/..........................| 152.7 158.4 139.6 10.2 -11.9 9.2 -16.4 -11.9 ____________________________________________________________________________________________________________________________________ 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. 2001 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Dec. |Mar. |Apr. | Apr. | Mar. |Jan. to|Feb. to|Mar. to | |2000 1/|2001 1/|2001 1/| 2000 | 2001 | Feb. | Mar. | Apr. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 131.5 134.9 132.7 5.7 -1.6 -2.6 2.6 -1.4 05-43 | Industrial electric power...........................| 132.7 136.6 135.0 6.5 -1.2 -1.4 1.4 -.8 05-52 | Commercial natural gas (Dec. 1990=100)..............| 179.5 200.9 183.8 56.7 -8.5 13.5 -8.7 -6.8 05-53 | Industrial natural gas (Dec. 1990=100)..............| 216.7 207.9 194.9 71.1 -6.3 -.7 -9.0 -3.0 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 173.2 185.1 169.7 68.2 -8.3 -29.8 -5.2 -2.5 05-72-03 | Jet fuels...........................................| 101.8 83.1 78.6 -2.8 -5.4 -.6 .3 -6.5 05-73-03 | No. 2 Diesel fuel...................................| 101.6 86.3 84.7 .7 -1.9 -3.3 -7.0 -4.5 05-74 | Residual fuel 2/....................................| 88.8 78.1 76.9 -.5 -1.5 -6.7 -1.8 -1.5 06-1 | Industrial chemicals 2/.............................| 129.7 133.5 131.7 2.6 -1.3 2.0 -1.5 -1.3 06-21 | Prepared paint......................................| 161.8 164.1 164.2 2.1 .1 .4 .4 -.1 06-22 | Paint materials 2/..................................| 148.1 151.7 152.8 3.4 .7 -.6 .6 .7 06-31 | Medicinal and botanical chemicals 2/................| 145.7 144.3 139.0 -4.9 -3.7 -.3 .3 -3.7 06-4 | Fats and oils, inedible 2/..........................| 67.7 63.9 63.5 -9.7 -.6 -12.0 -7.7 -.6 06-51 | Mixed fertilizers...................................| 113.1 118.0 117.3 4.6 -.6 1.2 -.2 -.6 06-52-01 | Nitrogenates........................................| 142.0 185.9 171.0 56.3 -8.0 4.1 -1.1 -8.2 06-52-02 | Phosphates 2/.......................................| 96.3 98.9 99.5 1.0 .6 2.4 1.5 .6 06-53 | Other agricultural chemicals 2/.....................| 146.9 148.4 148.6 2.2 .1 -4.0 .8 .1 06-6 | Plastic resins and materials 2/.....................| 137.3 144.9 145.6 1.3 .5 2.0 1.8 .5 07-11-02 | Synthetic rubber 2/.................................| 123.4 124.5 124.4 7.1 -.1 1.0 .6 -.1 07-21 | Plastic construction products ......................| 134.0 133.1 134.9 -.7 1.4 .3 -1.0 .7 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 141.0 141.4 141.5 8.1 .1 .3 6.4 .1 07-26 | Plastic parts and components for manufacturing 2/...| 117.5 117.5 117.5 .3 0 -.9 -.1 0 08-11 | Softwood lumber 2/..................................| 164.9 165.2 166.5 -12.2 .8 2.2 .8 .8 08-12 | Hardwood lumber ....................................| 186.6 184.7 183.4 -1.1 -.7 -1.0 -.3 -.8 08-2 | Millwork 2/.........................................| 176.4 177.7 177.8 .5 .1 .2 .3 .1 08-3 | Plywood 2/..........................................| 150.9 148.0 147.1 -12.0 -.6 -.7 1.6 -.6 09-11 | Woodpulp 2/.........................................| 150.2 138.5 131.7 -6.9 -4.9 -.3 -4.0 -4.9 09-13 | Paper 2/............................................| 151.3 152.8 152.9 2.5 .1 0 .5 .1 09-14 | Paperboard 2/.......................................| 179.5 176.0 174.8 -1.0 -.7 -1.6 -.3 -.7 09-15-03 | Paper boxes and containers 2/.......................| 175.5 174.7 174.9 1.3 .1 .1 -.4 .1 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 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 | 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.............| | Air conditioning and refrigeration equipment 2/.....| | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| | Ball and roller bearings............................| | Wiring devices 2/...................................| | 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 2/................................| | Asphalt felts and coatings..........................| | 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).....| | Photographic supplies 2/............................| | Medical/surgical/personal aid devices 2/............| | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| | | 01-21 | Wheat 2/............................................| 01-22-02-05| Corn................................................| 01-31 | Slaughter cattle 2/.................................| 01-32 | Slaughter hogs......................................| 129.3 157.1 136.7 105.5 114.5 149.5 165.0 144.1 106.1 151.9 179.7 156.4 144.9 130.2 126.1 165.2 134.8 163.2 170.1 153.3 146.4 153.9 96.1 144.1 139.4 110.8 149.0 149.3 105.4 165.6 127.4 113.3 141.8 146.5 126.4 146.9 126.4 157.4 137.0 102.9 111.8 150.3 160.9 142.7 105.6 152.6 181.9 157.0 145.0 129.9 126.4 166.4 135.8 165.1 170.8 153.8 146.8 154.7 94.7 144.1 139.9 111.0 149.2 150.9 104.6 159.8 130.2 113.4 142.6 146.8 126.4 147.7 126.6 158.7 137.0 102.3 107.0 148.9 160.0 141.4 106.4 153.6 180.0 156.9 145.0 129.8 126.9 166.6 135.7 164.9 170.7 154.3 146.8 155.5 95.0 143.7 139.6 111.5 149.5 151.2 105.9 155.1 131.4 113.1 145.1 147.0 130.4 147.8 -14.9 3.0 .4 -6.7 -3.9 -1.7 .5 -.1 -.7 1.7 -.2 .9 -.4 .4 .6 1.8 0 2.0 1.7 .4 .6 1.5 -2.4 .2 1.5 2.5 -.4 2.7 2.2 -28.9 3.2 -.5 3.2 1.7 4.7 1.5 .2 .8 0 -.6 -4.3 -.9 -.6 -.9 .8 .7 -1.0 -.1 0 -.1 .4 .1 -.1 -.1 -.1 .3 0 .5 .3 -.3 -.2 .5 .2 .2 1.2 -2.9 .9 -.3 1.8 .1 3.2 .1 -.2 .1 -.4 -1.0 -.1 .3 -.4 -1.1 -.2 .1 .2 .4 .2 -.1 0 .1 .7 .1 .2 .1 -.1 .3 -1.1 0 0 -1.0 .8 1.2 -.1 -2.0 .1 .1 .6 .4 (3) 0 0 .1 0 -.9 -1.1 .1 -1.7 -.3 0 .1 .1 -.6 -.2 -.2 -.1 .2 -.1 .9 -.1 -.1 .1 .5 -.6 0 .4 .2 .1 .2 .4 4.5 .2 .3 .4 .2 (3) 0 .2 .8 .1 -.6 -4.3 -.9 -.6 -.9 .8 .7 -1.2 -.4 0 -.1 .4 .1 -.1 -.1 0 .3 .2 .5 .3 -.1 -.2 .5 -1.6 .2 .4 -2.9 .9 -.3 2.0 .3 3.2 .1 140.2 131.5 132.9 19.4 1.1 -14.2 -1.7 .9 104.1 108.9 109.1 5.5 .2 -1.6 3.0 -.5 84.3 78.9 111.6 70.0 89.1 82.4 118.6 75.9 83.2 78.6 118.2 79.0 6.7 -6.0 8.4 -2.5 -6.6 -4.6 -.3 4.1 -4.5 -12.5 1.1 -3.9 4.7 .8 2.5 13.8 -6.6 -2.3 -.3 -4.8 01-41-02 | 01-42 | 01-6 | 01-83-01-31| 02-52-01-01| Slaughter broilers/fryers...........................| 132.5 Slaughter turkeys...................................| 124.1 Fluid milk..........................................| 97.4 Soybeans 2/.........................................| 84.1 Cane sugar,raw 2/...................................| 107.6 138.2 104.5 102.0 76.2 111.7 135.9 106.8 107.4 73.3 113.3 8.9 -6.1 20.3 -16.0 10.5 -1.7 2.2 5.3 -3.8 1.4 4.3 .5 -.2 -9.4 8.8 2.9 -2.7 5.7 1.6 -8.5 -.4 -2.1 8.1 -3.8 1.4 | | | CRUDE NONFOOD MATERIALS..............................| 160.1 142.2 144.5 28.2 1.6 -19.3 -4.1 1.7 | | 01-51-01-01| Raw cotton..........................................| 101.8 81.2 72.0 -17.4 -11.3 -4.1 -16.4 -7.7 01-92-01-01| Leaf tobacco 2/.....................................| 115.8 107.0 81.1 -12.1 -24.2 1.3 -11.9 -24.2 04-11 | Cattle hides 2/.....................................| 189.9 194.3 203.7 30.2 4.8 -.2 1.4 4.8 05-1 | Coal 2/.............................................| 88.1 95.9 96.2 6.9 .3 12.8 -.4 .3 05-31 | Natural gas 2/......................................| 263.3 211.1 219.1 91.0 3.8 -34.7 -4.7 3.8 05-61 | Crude petroleum 2/..................................| 78.8 74.2 76.0 9.2 2.4 2.7 -7.1 2.4 08-5 | Logs, timber, etc...................................| 185.2 183.9 183.8 -10.3 -.1 -3.2 .9 -.1 09-12 | Wastepaper 2/.......................................| 199.4 164.2 150.8 -56.4 -8.2 -8.3 -4.0 -8.2 10-11 | Iron ore 2/.........................................| 94.9 96.3 96.3 1.5 0 0 .4 0 10-12 | Iron and steel scrap 2/.............................| 118.2 121.0 120.2 -23.8 -.7 -6.9 1.7 -.7 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 68.9 66.8 62.8 -3.8 -6.0 -2.1 1.1 -6.0 10-23-01 | Copper base scrap 2/................................| 127.1 122.7 121.7 .4 -.8 -.9 -3.7 -.8 10-23-02 | Aluminum base scrap.................................| 163.0 168.6 167.5 -7.5 -.7 -1.3 .9 1.5 13-21 | Construction sand, gravel, and crushed stone........| 164.2 167.5 168.3 3.4 .5 .7 .2 .2 ____________________________________________________________________________________________________________________________________ 1/ The indexes for December 2000 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes are subject 3/ Not available. to revision 4 months after original publication. Table 3. Producer price indexes for selected commodity groupings (1982=100 unless otherwise indicated) _______________________________________________________________________________________________ | | | | | Unadjusted index 1/ | Commodity| |___________________________________| code | Grouping | Dec. 2000 |March 2001 |April 2001 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 392.1 | 395.8 | 397.5 | | All commodities................................| 136.2 | 135.9 | 136.3 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 124.0 | 126.6 | 126.6 | 01 | Farm products................................| 103.4 | 107.2 | 105.8 | 02 03 04 05 06 07 08 09 10 11 12 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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Processed foods and feeds....................| | Industrial commodities.........................| Textile products and apparel.................| Hides, skins, leather, and related products..| Fuels and related products and power 2/......| Chemicals and allied products 2/.............| Rubber and plastic products..................| Lumber and wood products.....................| Pulp, paper, and allied products.............| Metals and metal products....................| Machinery and equipment......................| Furniture and household durables.............| 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.....................| 134.1 138.5 121.7 156.2 116.5 151.7 128.0 172.7 184.8 126.9 123.8 133.2 142.3 145.5 173.5 142.9 106.7 81.2 100.9 129.1 100.2 122.3 107.7 94.8 172.7 160.0 121.6 115.1 132.2 143.6 126.5 105.5 127.5 146.3 231.3 130.8 91.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 136.1 137.7 121.7 159.2 111.7 155.5 127.9 172.6 185.1 126.4 123.8 133.3 143.4 144.9 178.0 143.5 123.0 84.5 107.9 129.3 80.5 103.0 101.9 86.9 159.6 161.3 126.1 113.5 135.1 145.6 126.4 105.4 126.7 146.8 194.7 134.3 86.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 136.9 138.1 121.8 162.8 113.0 154.9 128.7 172.8 185.3 125.8 124.0 133.3 143.6 145.2 178.6 143.6 114.3 80.4 108.4 128.0 71.9 117.4 101.4 84.1 121.0 161.2 128.4 115.7 135.3 145.8 125.0 104.7 126.4 147.5 195.7 133.2 92.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 06-3 06-5 06-7 07-1 07-11 07-13 07-2 08-1 09-1 | Drugs and pharmaceuticals......................| 259.1 | 261.7 | 261.5 | | Agricultural chemicals and products............| 130.0 | 141.7 | 138.6 | | Other chemicals and allied products............| 138.6 | 139.2 | 140.1 | | Rubber and rubber products.....................| 116.4 | 116.7 | 117.0 | | Rubber, except natural rubber..................| 122.7 | 123.8 | 123.7 | | Miscellaneous rubber products..................| 139.7 | 139.7 | 140.2 | | Plastic products...............................| 136.6 | 136.3 | 137.4 | | Lumber.........................................| 169.6 | 169.2 | 169.7 | | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 161.3 | 159.5 | 158.9 | 09-15 | Converted paper and paperboard products........| 164.5 | 164.2 | 164.5 | 10-1 | Iron and steel.................................| 112.4 | 110.9 | 110.4 | 10-2 | Nonferrous metals..............................| 127.7 | 126.8 | 124.6 | 10-25 | Nonferrous mill shapes.........................| 144.2 | 143.8 | 142.7 | 11-3 | Metalworking machinery and equipment...........| 150.2 | 150.2 | 150.4 | 11-4 | General purpose machinery and equipment........| 151.4 | 152.4 | 152.8 | 11-6 | Special industry machinery.....................| 163.6 | 164.6 | 164.8 | 11-7 | Electrical machinery and equipment.............| 118.1 | 117.9 | 118.1 | 11-9 | Miscellaneous machinery and equipment..........| 135.0 | 135.3 | 135.2 | 12-6 | Other household durable goods..................| 156.5 | 157.5 | 157.5 | 13-2 | Concrete ingredients...........................| 155.8 | 157.9 | 158.5 | 14-1 | Motor vehicles and equipment...................| 133.7 | 132.1 | 132.1 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.8 | 133.5 | 133.9 | 15-4 | Photographic equipment and supplies............| 109.8 | 109.8 | 112.6 | 15-9 | Other miscellaneous products...................| 137.4 | 138.1 | 137.8 | __________________________________________________________|___________|___________|___________| 1/ 2/ Data for December 2000 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. 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._2001_from: code | |base | | | | | | | |Dec. |Mar. |Apr. | Apr. | Mar. | | |2000 2/|2001 2/|2001 2/| 2000 | 2001 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 146.5 130.7 132.2 38.1 1.1 10 | Metal mining................................ |12/84| 74.4 73.1 70.0 -2.5 -4.2 12 | Coal mining................................. |12/85| 85.1 90.3 90.6 5.5 .3 13 | Oil and gas extraction...................... |12/85| 171.2 149.3 151.5 47.5 1.5 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 138.1 140.8 140.8 3.0 0 | | | |Total manufacturing industries............... |12/84| 134.3 134.6 135.4 2.1 .6 20 | Food and kindred products................... |12/84| 129.6 131.7 132.5 3.4 .6 21 | Tobacco manufactures........................ |12/84| 351.9 372.3 372.1 8.9 -.1 22 | Textile mill products....................... |12/84| 117.3 117.0 117.0 .4 0 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.7 125.7 125.9 .2 .2 24 | Lumber and wood products, except furniture.. |12/84| 154.3 154.5 154.7 -4.3 .1 25 | Furniture and fixtures...................... |12/84| 143.9 144.8 144.7 1.0 -.1 26 | Paper and allied products................... |12/84| 147.3 147.0 147.0 1.1 0 27 | Printing, publishing, and allied industries. |12/84| 185.4 187.6 188.4 3.5 .4 28 | Chemicals and allied products............... |12/84| 158.7 161.9 161.4 3.8 -.3 29 | Petroleum refining and related products..... |12/84| 112.9 107.3 114.1 8.0 6.3 30 | Rubber and miscellaneous plastic products... |12/84| 126.5 126.8 127.4 3.0 .5 31 | Leather and leather products................ |12/84| 139.1 140.9 142.8 3.8 1.3 32 | Stone, clay, glass, and concrete products... |12/84| 134.0 135.4 135.6 .4 .1 33 | Primary metal industries.................... |12/84| 118.6 117.4 116.8 -2.9 -.5 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 130.5 130.8 131.2 .6 .3 35 | Machinery, except electrical................ |12/84| 117.7 117.8 118.0 .5 .2 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 107.6 107.5 107.5 -1.0 0 37 | Transportation equipment.................... |12/84| 138.6 137.9 138.1 1.2 .1 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 126.2 126.9 127.3 1.0 .3 39 | Miscellaneous manufacturing industries...... |12/85| 131.5 132.3 132.2 1.0 -.1 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 103.4 104.0 103.5 1.4 -0.5 42 | Motor freight transportation and warehousing |06/93| 121.9 122.6 122.7 3.8 .1 43 | United States Postal Service................ |06/89| 135.2 141.3 141.3 4.5 0 44 | Water transportation........................ |12/92| 125.0 126.8 125.9 6.2 -.7 45 | Transportation by air....................... |12/92| 154.3 155.4 155.4 6.9 0 46 | Pipe lines, except natural gas.............. |12/86| 102.6 108.9 108.9 6.9 0 54 | Food stores................................. |12/99| 104.7 107.2 107.0 1.2 -.2 59 | Miscellaneous retail........................ |06/00| 97.5 101.7 101.8 (3) .1 80 | Health services............................. |12/94| 114.1 115.3 115.6 3.2 .3 81 | Legal services.............................. |12/96| 114.1 116.1 116.2 4.0 .1 __________________________________________________________________________________________________________________ 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 December 2000 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 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. | 2000 | 2000 | 2001 | 2001 | 2001 | 2001 _______________________________________________________|________|________|________|________|________|________ | Finished goods...................................| 139.8 140.0 141.6 141.8 141.7 142.1 Finished consumer goods........................| 140.4 140.6 142.6 143.1 142.9 143.3 Finished consumer foods......................| 138.3 137.9 138.9 139.8 141.3 142.1 Crude......................................| 134.3 122.2 130.6 135.6 137.3 137.9 Processed..................................| 138.6 139.2 139.5 140.1 141.5 142.4 Finished consumer goods, excluding foods.....| 141.1 141.6 144.0 144.3 143.3 143.6 Nondurable goods less foods................| 142.3 142.9 146.2 147.0 145.6 145.9 Durable goods..............................| 134.3 134.4 134.7 133.7 133.9 134.0 Capital equipment..............................| 139.4 139.5 139.9 139.5 139.5 139.9 Manufacturing industries.....................| 139.8 139.9 140.2 140.1 140.1 140.4 Nonmanufacturing industries..................| 139.2 139.3 139.8 139.1 139.3 139.6 | Intermediate materials, supplies, and components.| 130.4 130.9 131.8 131.7 131.4 131.1 Materials and components for manufacturing.....| 128.1 128.2 128.7 128.8 128.9 128.7 Materials for food manufacturing.............| 119.1 120.0 120.9 120.6 122.7 123.7 Materials for nondurable manufacturing.......| 133.4 133.5 135.1 136.1 135.7 135.1 Materials for durable manufacturing..........| 127.6 127.6 127.2 127.0 126.7 125.9 Components for manufacturing.................| 126.5 126.4 126.3 126.1 126.3 126.5 Materials and components for construction......| 150.2 150.1 149.7 150.1 150.2 150.3 Processed fuels and lubricants.................| 107.6 109.2 113.0 111.8 110.1 108.6 Manufacturing industries ....................| 105.7 108.3 112.2 110.7 109.2 108.3 Nonmanufacturing industries..................| 108.3 109.3 113.1 112.0 110.3 108.4 Containers.....................................| 153.0 152.8 153.0 153.1 153.0 153.3 Supplies.......................................| 138.0 138.5 138.9 138.5 138.7 139.0 Manufacturing industries.....................| 145.1 145.3 145.0 145.1 145.8 146.6 Nonmanufacturing industries..................| 135.0 135.6 136.1 135.7 135.7 135.9 Feeds......................................| 95.2 99.6 102.9 98.2 95.8 93.2 Other supplies.............................| 139.8 140.0 140.2 140.2 140.6 141.0 | Crude materials for further processing...........| 129.1 141.1 156.1 133.9 131.6 132.8 Foodstuffs and feedstuffs......................| 101.9 105.6 107.8 106.1 109.3 108.8 Nonfood materials..............................| 143.1 160.4 183.7 148.2 142.1 144.5 Nonfood materials except fuel 2/.............| 124.1 111.3 110.7 110.7 106.2 106.0 Manufacturing 2/...........................| 114.6 102.5 101.9 102.0 97.7 97.5 Construction...............................| 183.6 182.9 183.5 179.5 180.8 181.0 Crude fuel 3/................................| 157.8 214.8 269.0 187.7 180.0 185.8 Manufacturing industries...................| 158.6 216.9 273.3 186.5 178.5 184.4 Nonmanufacturing industries................| 160.5 218.4 273.3 191.1 183.3 189.2 | Special groupings | | Finished goods, excluding foods..................| 140.2 140.5 142.3 142.3 141.7 142.0 Intermediate materials less foods and feeds......| 131.5 131.8 132.8 132.7 132.4 132.0 Intermediate foods and feeds.....................| 111.8 113.8 115.5 113.8 114.4 114.3 Crude materials less agricultural products 2/....| 144.9 162.6 187.0 150.1 144.3 147.3 | Finished energy goods............................| 99.1 99.9 104.1 105.6 102.9 103.0 Finished goods less energy.......................| 145.8 145.8 146.6 146.5 147.1 147.5 Finished consumer goods less energy..............| 148.5 148.4 149.4 149.4 150.2 150.8 | Finished goods less foods and energy.............| 148.8 148.9 149.7 149.2 149.4 149.7 Finished consumer goods less foods and energy....| 155.0 155.2 156.2 155.6 156.0 156.3 Consumer nondurable goods less foods and energy..| 171.2 171.6 173.1 173.1 173.5 174.0 | Intermediate energy goods........................| 107.3 108.8 112.5 111.3 109.7 108.1 Intermediate materials less energy...............| 135.3 135.5 135.8 135.8 136.0 135.9 Intermediate materials less foods and energy.....| 136.9 136.9 137.1 137.3 137.4 137.3 | Crude energy materials 2/........................| 140.9 163.1 193.4 148.3 141.0 145.2 Crude materials less energy......................| 111.2 114.0 115.7 113.5 115.4 114.2 Crude nonfood materials less energy 3/...........| 138.5 139.1 139.4 135.9 134.2 130.7 _____________________________________________________________________________________________________________ 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 2000 have been recalculated to incorporate late reports and corrections by respondents. Includes crude petroleum. Excludes crude petroleum. Technical Note Brief Explanation of Producer Price Indexes The term Producer Price Index (PPI) refers to a family of indexes that measure the average change over time in the selling prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI); CPIs measure price change from the purchaser's perspective. Sellers' and purchasers' prices may differ due to government subsidies, sales and excise taxes, and distribution costs. More than 10,000 PPIs for individual products and groups of products are released each month. PPIs are available for the products of virtually every industry in the mining and manufacturing sectors of the U.S. economy. New PPIs are gradually being introduced for the products of industries in the transportation, utilities, trade, finance, and services sectors of the economy. More than 100,000 price quotations per month are organized into three sets of producer price indexes: (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, 2, and 5) organizes products by class of buyer and degree of fabrication. 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). 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. The Bureau publishes price indexes instead of unit dollar prices. 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. The BLS periodically updates the PPI sample of survey respondents to better reflect current conditions when the structure, membership, technology, or product mix of an industry shifts significantly and to spread reporting burden among smaller firms. Results of these resampling efforts are incorporated into the PPI every January and July. As part of an ongoing effort to expand coverage to sectors of the economy other than mining and manufacturing, an increasing number of service sector industries have been introduced into the PPI. The following list of recently introduced service industries includes the month in which an article describing the industry's content appeared in the PPI Detailed Report: Industry Wireless Telecommunications Telephone Communications, Except Radio Telephone SIC PPI Detailed Report Issue 4812 July 1999 4813 July 1995 Grocery Stores 5411 Meat and Fish (Seafood) Markets, 5421 Fruit and Vegetable Markets 5431 Candy, Nut, and Confectionery Stores 5441 Retail Bakeries 5461 Miscellaneous Food Stores 5499 New Car Dealers 5511 Miscellaneous Retail 59 Security Brokers, Dealers, and Investment Bankers 6211 Life Insurance Carriers 6311 Property and Casualty Insurance 6331 Operators and Lessors of Nonresidential Buildings 6512 Real Estate Agents and Managers 6531 Prepackaged Software 7372 Home Health Care Services 8082 Legal Services 8111 Engineering, Design, Analysis, and Consulting Services 8711 Architectural, Design, Analysis, and Consulting Services 8712 Premiums for Property and Casualty Insurance 9331 July 2000 July 2000 July 2000 July 2000 July 2000 July 2000 July 2000 January 2001 January 2001 January 1999 July 1998 January January January January January 1996 1996 1998 1997 1997 January 1997 January 1997 July 1998 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 1992 values of shipments as reported in the Census of Manufactures and other sources. From January 1992 through December 1995, PPI weights were derived from 1987 shipment values. Industry indexes shown in table 4 are also now calculated with 1992 net output weights. This periodic update of the value weights used to calculate the PPI is done to more accurately reflect changes in production and marketing patterns in the economy. 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-of-processing 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. 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. 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 14, "Producer Prices," in BLS Handbook of Methods (April 1997), Bulletin 2490. Reprints are available from the Bureau of Labor Statistics on request. Calculating Index Changes 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 today." 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. 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 changes are affected by the level of the index in relation to its base period, whereas percent changes are not. The example below shows the computation of index point and percent changes. Index point change Finished Goods Price Index Less previous index Equals index point change Index percent change 107.5 104.0 3.5 Index point change Divided by the previous index Equals Result multiplied by 100 Equals percent change 3.5 104.0 0.034 0.034 x 100 3.4 Seasonally Adjusted and Unadjusted Data Because price data are used for different purposes by different groups, the Bureau of Labor Statistics publishes seasonally adjusted and 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 that 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 (1) "Appendix A: Seasonal Adjustment Methodology at BLS," in the BLS Handbook of Methods (April 1997), Bulletin 2490 and (2) "Summary of Changes to the PPI's Seasonal Adjustment Methodology" in the January 1995 issue of Producer Price Indexes.
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