The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FOR DATA ONLY: (202) 691-5200 FOR TECHNICAL INFORMATION: (202) 691-7705 MEDIA CONTACT: (202) 691-5902 http://stats.bls.gov/ppihome.htm USDL 01-297 TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (E.D.T.), FRIDAY, SEPTEMBER 14, 2001 Producer Price Indexes -- August 2001 The Producer Price Index for Finished Goods increased 0.4 percent in August, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This index posted a 0.9-percent decline in July and fell 0.4 percent in June. The index for finished goods other than foods and energy decreased 0.1 percent in August, after rising 0.2 percent a month ago. At the earlier stages of processing, prices received by intermediate goods producers declined 0.4 percent, following a 1.0-percent drop in July. August's crude goods index fell 2.3 percent, compared with a 5.3-percent decrease in July. (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 Aug. -0.1 -0.4 -1.2 0.2 3.4 -0.3 -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 -.3 .8 .1 3.6 .4 9.3 2001 Jan. Feb. Mar. Apr. May June July 1.1 .1 -.1 r.5 r-.1 -.4 -.9 .9 .8 .9 r.6 r-.6 .1 -.6 4.4 .4 -2.4 r1.1 r-.1 -2.5 -5.8 .5 -.3 .1 r.3 r.1 .1 .2 4.8 4.0 3.0 3.7 3.8 2.5 1.5 .8 -.2 -.3 r-.1 r0 -.1 -1.0 17.5 -14.5 -6.7 r.5 r-2.5 -6.0 -5.3 Aug. .4 .9 1.1 -.1 2.1 -.4 -2.3 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April 2001 have been revised to reflect the availability of late reports and corrections by respondents. In August, a 1.1-percent increase in finished energy goods prices followed a 5.8-percent decline in July and was the principal cause of the upturn in the overall finished goods index. Prices for finished consumer foods also contributed to the acceleration in finished goods by rising 0.9 percent in August, after declining 0.6 percent in the previous month. Partly offsetting price movements in foods and energy, a 0.1-percent August decrease in the index for finished consumer goods other than foods and energy came after a 0.1-percent gain in July. In addition, the capital equipment index decreased 0.1 percent, compared with a 0.2-percent advance in July. Before seasonal adjustment, the Producer Price Index for Finished Goods increased 0.3 percent in August to stand at 141.1 (1982=100). From August 2000 to August 2001, prices for finished goods advanced 2.1 percent. During the same period, the index for finished goods other than foods and energy rose 1.4 percent, prices for finished consumer foods moved up 3.9 percent, and the finished energy goods index rose 2.0 percent. At the earlier stages of processing, prices received by manufacturers of intermediate goods fell 0.1 percent for the 12 months ended in August, and the index for crude goods declined 4.1 percent. 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 Aug. -2.0 -0.5 -0.1 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. Dec. .2 1.8 -.2 1.4 -.1 0 4.2 4.1 1.2 3.6 -2.7 15.8 -2.1 .4 17.6 35.5 2001 Jan. 1.4 4.1 .1 4.6 1.6 31.7 0 55.7 Feb. -1.1 -1.7 .1 3.5 -1.3 -23.0 -1.8 28.0 Mar. .4 -2.4 .1 2.3 3.4 -14.0 -1.0 17.1 Apr. r-.1 r-.1 -.1 r2.1 r-.5 r2.1 r-2.4 r19.6 May r.2 r-.4 .1 2.3 r-1.3 -3.7 r-1.1 12.9 June 1.3 -.1 -.3 1.2 -.1 -11.9 -.2 -2.2 July .6 -3.8 -.4 0 .6 -11.5 -.9 -5.4 Aug. 1.8 -1.0 -.4 -.1 -.6 -4.4 -.8 -4.1 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April 2001 have been revised to reflect the availability of late reports and corrections by respondents. Finished Goods The finished energy goods index increased 1.1 percent in August, after posting a 5.8-percent decline in July. Gasoline prices advanced 8.7 percent, following a 17.7-percent drop a month earlier. The indexes for liquefied petroleum gas and home heating oil turned up in August, after showing gains a month ago. Diesel fuel prices fell less in August than they did in July. On the other hand, the residential electric power index decreased 0.3 percent in August, after rising 2.2 percent in the prior month. Prices for residential natural gas and kerosene fell more in August than they did in July. The index for finished consumer foods posted a 0.9-percent gain in August, after falling 0.6 percent in the previous month. Prices for fresh and dry vegetables increased 15.9 percent, following a 12.5-percent drop in July. The indexes for fresh fruits and melons, processed young chickens, and soft drinks turned up, after falling in the prior month. Beef and veal prices declined at a slower pace in August than in July. By contrast, the pork index decreased 0.1 percent in August, following a 5.4-percent increase in July. Prices for dairy products fell more than they did in the prior month. The indexes for eggs for fresh use and for finfish and shellfish turned down, after rising in July. Prices for bakery products showed no change in August, after moving up in the previous month. The index for finished consumer goods other than foods and energy edged down 0.1 percent in August, following a 0.1-percent rise a month ago. Prices for light motor trucks declined 0.2 percent, after posting a 2.3percent gain in July. The indexes for pharmaceutical preparations, floor coverings, and passenger car radial tires also turned down in August, after increasing in July. Prices for sporting and athletic goods fell more than they did a month ago. On the other hand, the passenger cars index rose 0.7 percent in August, following a 0.3-percent decrease in July. Prices for periodical circulation, household appliances, and cosmetics also turned up, after falling in the previous month. The index for women's apparel advanced more than it did in July. Prices for capital equipment edged down 0.1 percent in August, following a 0.2-percent increase in the previous month. The light motor trucks index declined 0.2 percent, after showing a 2.3-percent gain in July. Prices for electronic computers and for communication and related equipment fell more than they did a month ago. The heavy motor truck index remained unchanged, after increasing in July. Civilian aircraft prices rose less in August than they did in the prior month. The index for commercial furniture turned down, after moving up in July. By contrast, prices for passenger cars advanced 0.7 percent in August, following a 0.3percent decline in the prior month. The indexes for metal cutting machine tools, X-ray and electromedical equipment, agricultural machinery and equipment, and industrial material handling equipment also turned up, after decreasing a month ago. Prices for pumps and compressors increased more than they did in July. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components fell 0.4 percent in August, after posting a 1.0-percent decrease in July. August prices for intermediate energy goods declined at a slower rate than in July. The index for materials and components for construction showed no change in August, after falling in the previous month. Prices for intermediate foods and feeds rose more than they did in the prior month, while the August index for durable manufacturing materials decreased less than it did in July. On the other hand, prices for nondurable manufacturing materials fell at a slightly faster pace in August than in the previous month. For the second consecutive month, the index for intermediate materials excluding foods and energy fell 0.4 percent. (See table B.) The intermediate energy goods index decreased 1.0 percent in August, following a 3.8-percent decline in July. Declining August prices for diesel fuel, residual fuel, jet fuels, industrial natural gas, commercial natural gas, natural gas to electric utilities, commercial electric power, and industrial electric power more than offset increasing prices for gasoline and liquefied petroleum gas. The construction materials index showed no change in August, after posting a 0.5-percent decrease in July. Softwood plywood prices increased 7.3 percent, following a 9.9-percent drop a month earlier. The softwood lumber index fell less than it did in the prior month. The indexes for millwork, gypsum products, nonferrous wire and cable, plumbing fixtures and brass fittings, and fabricated ferrous wire products turned up, after declining in July. Conversely, prices for asphalt felts and coatings decreased 0.3 percent in August, following a 1.0-percent gain in the previous month. The wiring devices index also turned down in August. Prices for fabricated structural metal products showed no change in August, after edging up a month earlier. The intermediate foods and feeds index advanced 1.8 percent in August, following a 0.6-percent gain in July. Prices for prepared animal feeds rose 2.4 percent, after increasing 0.7 percent in the prior month. The August indexes for crude vegetable oils and for natural, processed, and imitation cheese also advanced at a faster rate than in July. Beef and veal prices fell less than they did in the previous month. The indexes for refined sugar and for confectionery materials turned up, following July declines. By contrast, pork prices edged down 0.1 percent in August, after registering a 5.4-percent gain a month earlier. The indexes for flour and for dry, condensed, and evaporated milk products decreased more in August than they did in July. The index for durable manufacturing materials fell 0.6 percent in August, following a 0.9-percent decline in July. In August, price decreases for primary aluminum (except extrusion billet); copper and brass mill shapes; aluminum mill shapes; building paper and board; hot rolled steel bars, plates, and structural shapes; and cold rolled steel sheet and strip outweighed price increases for softwood plywood, hot rolled steel sheet and strip, prepared paint, and semi-finished steel mill products. The index for nondurable manufacturing materials fell 1.3 percent in August, following a 1.1-percent decline in July. Paper prices dropped 1.5 percent in August, after edging down 0.1 percent a month earlier. The indexes for plastic resins and materials, intermediate basic organic chemicals, and finished fabrics also decreased more in August than they did in the prior month. Prices for paperboard, medicinal and botanical chemicals, and synthetic fibers turned down in August. On the other hand, the index for primary basic organic chemicals fell 3.3 percent in August, following an 8.0-percent decline a month earlier. Gray fabric prices turned up, after decreasing in the previous month. The indexes for sulfuric acid and for inedible fats and oils increased more than they did in July. Crude goods Subsequent to a 5.3-percent fall in July, the Producer Price Index for Crude Materials for Further Processing declined 2.3 percent in August. Contributing significantly to this slower rate of decline, the index for crude energy materials fell less rapidly in August than in the preceding month. In addition, prices for crude nonfood materials less energy also decreased at a slower pace in August than in July. By contrast, foodstuffs and feedstuffs prices fell this month, after an increase in July. (See table B.) The crude energy materials index dropped 4.4 percent in August, following an 11.5-percent decline in July. Contributing most appreciably to this slower rate of decline, natural gas prices fell 7.7 percent, after a 19.0-percent drop in the preceding month. The index for crude petroleum also fell at a slower rate than it did in July. On the other hand, the coal index fell 1.9 percent in August, after a 4.7-percent increase in the prior month. The index for crude nonfood materials less energy fell 0.8 percent in August, following a 0.9-percent decline in the prior month. The 18.9percent decline in hides and skins prices constituted most of the overall drop in August. The indexes for aluminum base scrap, raw cotton, and copper base scrap also added to the August decline for crude nonfood materials less energy. On the other hand, iron and steel scrap prices increased 1.2 percent in August. The indexes for gold ores; construction sand, gravel and crushed stone; and wastepaper also increased this month. The index for crude foodstuffs and feedstuffs declined 0.6 percent in August, after increasing by the same rate last month. Leading this deceleration, slaughter hog prices fell 3.9 percent in August, following a 7.5-percent rise in July. The index for unprocessed shellfish declined, after rising in July, while corn and soybean prices increased less rapidly in August than they did in the prior month. Partially counteracting these price movements, indexes for fresh and dry vegetables, and fresh fruits and melons increased, following a decline in July. The slaughter cattle and slaughter broilers and fryers indexes both fell less rapidly in August than they did in the preceding month. Net output price indexes for mining, manufacturing, and services industries Mining. The Producer Price Index for the Net Output of Total Mining Industries fell 2.9 percent in August, following a 10.5-percent drop in July. (Net output price indexes are not seasonally adjusted.) Most of August's slower rate of decline can be traced to a 3.7-percent decrease in prices received by the crude petroleum, natural gas, and natural gas liquids industry, compared with a 14.4-percent drop in the prior month. Prices received by the gold ores; potash, soda, and borate minerals; and coal mining services industries turned up, after falling a month earlier. By contrast, the index for the bituminous coal and lignite industry declined 1.2 percent in August, following a 3.7-percent advance in the previous month. Prices received by the oil and gas well drilling industry also turned down, after rising a month ago. In August, the Producer Price Index for the Net Output of Total Mining Industries stood at 100.4 (December 1984 = 100), 11.8 percent below its year-ago level. Manufacturing. The Producer Price Index for the Net Output of Total Manufacturing Industries inched up 0.1 percent in August, after declining 1.0 percent in July. Leading the way, prices received by the petroleum refining and related products industry group rose 2.9 percent, following an 11.2-percent drop in the prior month. The industry group indexes for food and kindred products and for printing, publishing, and allied industries rose more than they did in July. Prices received by the lumber and wood products (except furniture) industry group decreased less in August than they did a month ago. The industry group index for measuring and controlling instruments turned up in August. Conversely, prices received by the chemicals and allied products industry group fell 1.6 percent in August, following a 0.8-percent decrease in the previous month. August prices received by the industry groups for transportation equipment and for rubber and miscellaneous plastic products turned down, after rising a month earlier. In August, the Producer Price Index for the Net Output of Total Manufacturing Industries stood at 134.8 (December 1984 = 100), 1.0 percent above its year-ago level. Services. Among service industries in August, advancing prices were registered by the industries for operators and lessors of nonresidential buildings, skilled and intermediate care facilities, scheduled air transportation, telephone communications (except radiotelephone), property and casualty insurance, local trucking without storage, travel agencies, and for airports, flying fields, and airport services. On the other hand, the industries for offices of physicians, cable and other pay television services, hotels and motels, wireless telecommunications, and specialty hospitals experienced falling prices in August. ***** Producer Price Index data for September 2001 will be released on Friday, October 12, 2001 at 8:30 a.m. (E.D.T.) 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| |Aug. 2001 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | Apr. |July |Aug. | Aug. | July | May to|June to |July to | 2000 1/|2001 2/|2001 2/|2001 2/| 2000 | 2001 | June | July | Aug. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 141.8 140.7 141.1 2.1 0.3 -0.4 -0.9 0.4 Finished consumer goods........................| 76.120 142.9 141.5 142.0 2.5 .4 -.5 -1.3 .5 Finished consumer foods......................| 22.507 141.8 141.2 142.6 3.9 1.0 .1 -.6 .9 Crude......................................| 1.549 136.2 112.1 119.7 1.2 6.8 -5.4 -7.9 6.5 Processed..................................| 20.958 142.2 143.5 144.5 4.2 .7 .5 0 .5 Finished consumer goods, excluding foods.....| 53.624 143.2 141.4 141.6 1.9 .1 -.7 -1.7 .3 Nondurable goods less foods................| 38.191 145.1 143.1 143.5 2.5 .3 -1.0 -2.4 .4 Durable goods..............................| 15.434 134.5 133.2 133.0 .2 -.2 0 .2 .1 Capital equipment..............................| 23.868 139.9 139.8 139.5 .7 -.2 .1 .2 -.1 Manufacturing industries.....................| 6.278 140.5 140.6 140.6 .8 0 .1 .1 .1 Nonmanufacturing industries..................| 17.590 139.6 139.4 139.0 .7 -.3 .1 .3 -.1 | Intermediate materials, supplies, and components.| 100.000 130.7 130.3 129.8 -.1 -.4 -.1 -1.0 -.4 Materials and components for manufacturing.....| 45.385 128.7 127.5 126.9 -1.3 -.5 -.2 -.5 -.5 Materials for food manufacturing.............| 3.224 123.5 126.1 128.1 7.3 1.6 1.0 .2 1.4 Materials for nondurable manufacturing.......| 15.685 135.1 131.9 130.1 -2.8 -1.4 -.6 -1.1 -1.3 Materials for durable manufacturing..........| 9.861 125.8 125.3 124.6 -3.4 -.6 -.4 -.9 -.6 Components for manufacturing.................| 16.616 126.6 126.2 126.2 -.1 0 0 -.1 -.1 Materials and components for construction......| 13.216 150.4 151.0 151.0 .4 0 .1 -.5 0 Processed fuels and lubricants.................| 15.634 106.4 106.8 106.0 1.4 -.7 -.1 -3.9 -1.0 Manufacturing industries ....................| 5.555 106.2 108.7 107.0 3.1 -1.6 -.7 -.6 -1.5 Nonmanufacturing industries..................| 10.080 106.1 105.3 105.1 .6 -.2 .4 -5.7 -.7 Containers.....................................| 3.966 153.8 153.6 153.2 .1 -.3 .1 -.3 -.3 Supplies.......................................| 21.799 138.9 138.8 138.7 1.2 -.1 -.1 0 -.1 Manufacturing industries.....................| 5.024 146.1 145.7 145.2 .8 -.3 -.3 -.1 -.3 Nonmanufacturing industries..................| 16.775 135.9 135.8 135.9 1.4 .1 -.1 -.1 .1 Feeds......................................| 1.229 93.2 96.8 99.8 10.0 3.1 1.9 1.9 3.1 Other supplies.............................| 15.546 141.0 140.6 140.3 .7 -.2 -.3 -.1 -.2 | Crude materials for further processing...........| 100.000 133.1 116.1 113.4 -4.1 -2.3 -6.0 -5.3 -2.3 Foodstuffs and feedstuffs......................| 30.898 109.2 109.6 108.9 14.0 -.6 -.1 .6 -.6 Nonfood materials..............................| 69.102 144.7 116.3 112.4 -13.3 -3.4 -9.2 -8.7 -3.4 Nonfood materials except fuel 3/.............| 28.621 105.6 104.3 103.6 -13.2 -.7 .5 -2.9 -.8 Manufacturing 3/...........................| 27.686 97.0 95.8 95.1 -13.6 -.7 .4 -2.9 -.7 Construction...............................| 0.935 181.0 183.4 182.5 -1.6 -.5 1.1 -.8 -.5 Crude fuel 4/................................| 40.481 186.8 123.5 115.5 -13.5 -6.5 -17.3 -14.7 -6.5 Manufacturing industries...................| 3.470 185.8 121.2 113.7 -15.1 -6.2 -16.9 -15.7 -6.2 Nonmanufacturing industries................| 37.011 190.2 126.0 117.7 -13.5 -6.6 -17.4 -14.5 -6.6 | Special groupings | | Finished goods, excluding foods..................|5/ 77.493 141.7 140.5 140.5 1.5 0 -.5 -1.1 .2 Intermediate materials less foods and feeds......|6/ 95.547 131.6 131.0 130.4 -.5 -.5 -.2 -1.1 -.5 Intermediate foods and feeds.....................|6/ 4.453 114.2 117.1 119.4 8.0 2.0 1.3 .6 1.8 Crude materials less agricultural products 3/ 7/.|8/ 67.222 147.5 118.1 113.7 -13.3 -3.7 -9.4 -8.9 -3.8 | Finished energy goods............................|5/ 15.512 101.6 97.0 97.8 2.0 .8 -2.5 -5.8 1.1 Finished goods less energy.......................|5/ 84.488 147.6 147.5 147.7 2.1 .1 .1 0 .2 Finished consumer goods less energy..............|5/ 60.620 150.8 150.7 151.1 2.6 .3 .1 -.1 .3 | Finished goods less foods and energy.............|5/ 61.981 149.9 149.9 149.7 1.4 -.1 .1 .2 -.1 Finished consumer goods less foods and energy....|5/ 38.113 156.6 156.8 156.6 1.8 -.1 0 .1 -.1 Consumer nondurable goods less foods and energy..|5/ 22.679 174.0 175.5 175.3 2.9 -.1 .1 0 -.1 | Intermediate energy goods........................|6/ 15.755 105.9 106.3 105.6 1.3 -.7 -.1 -3.8 -1.0 Intermediate materials less energy...............|6/ 84.245 135.9 135.3 134.9 -.3 -.3 -.1 -.4 -.3 Intermediate materials less foods and energy.....|6/ 79.792 137.4 136.5 136.0 -.7 -.4 -.3 -.4 -.4 | Crude energy materials 3/........................|8/ 54.136 145.1 109.0 104.2 -14.9 -4.4 -11.9 -11.5 -4.4 Crude materials less energy......................|8/ 45.864 114.8 114.3 113.6 5.8 -.6 -.2 .2 -.7 Crude nonfood materials less energy 4/...........|8/ 14.966 132.0 129.4 128.4 -9.5 -.8 -.2 -.9 -.8 | _______________________________________________________________________________________________________________________________ 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 April 2001 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/ 8/ 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." 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 | | |Aug. 2001 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Apr. |July |Aug. | Aug. | July | May to|June to|July to | |2001 1/|2001 1/|2001 1/| 2000 | 2001 | June | July | Aug. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 141.8 140.7 141.1 2.1 0.3 -0.4 -0.9 0.4 | FINISHED CONSUMER GOODS...............................| 142.9 141.5 142.0 2.5 .4 -.5 -1.3 .5 | FINISHED CONSUMER FOODS..............................| 141.8 141.2 142.6 3.9 1.0 .1 -.6 .9 | | 01-11 | Fresh fruits and melons 2/..........................| 96.0 84.9 86.2 18.2 1.5 -1.7 -13.6 1.5 01-13 | Fresh and dry vegetables 2/.........................| 129.0 105.4 122.2 -4.0 15.9 -7.2 -12.5 15.9 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 104.2 69.9 75.9 -16.7 8.6 -13.5 .5 -5.5 02-11 | Bakery products 2/..................................| 187.5 188.7 188.7 3.1 0 .4 .3 0 02-13 | Milled rice 2/......................................| 88.9 85.5 83.7 -17.0 -2.1 -.1 -.8 -2.1 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.3 122.2 122.2 .6 0 .1 -.1 0 02-21-01 | Beef and veal.......................................| 127.5 119.0 119.4 6.2 .3 .9 -2.8 -.5 02-21-04 | Pork................................................| 120.3 130.7 131.6 12.0 .7 -1.0 5.4 -.1 02-22-03 | Processed young chickens............................| 115.8 117.1 121.4 9.8 3.7 .9 -3.1 2.4 02-22-06 | Processed turkeys...................................| 99.0 96.4 96.9 -1.3 .5 -3.7 -4.2 .3 02-23 | Finfish and shellfish...............................| 205.2 185.8 185.1 -7.8 -.4 -5.7 1.5 -.2 02-3 | Dairy products......................................| 141.7 150.9 152.0 12.3 .7 1.6 -.1 -1.2 02-4 | Processed fruits and vegetables 2/..................| 128.6 128.8 129.2 .6 .3 .2 .5 .3 02-55 | Confectionery end products 2/.......................| 170.6 170.7 171.0 .1 .2 0 .1 .2 02-62 | Soft drinks.........................................| 147.8 147.2 149.7 3.5 1.7 .5 -.4 1.8 02-63-01 | Roasted coffee 2/...................................| 124.4 123.8 123.7 -5.1 -.1 -.4 .1 -.1 02-78 | Shortening and cooking oils 2/......................| 131.0 132.5 143.3 9.6 8.2 .3 1.1 8.2 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 143.2 141.4 141.6 1.9 .1 -.7 -1.7 .3 | | 02-61 | Alcoholic beverages.................................| 145.0 145.3 145.6 2.5 .2 .1 -.1 .1 03-81-01 | Women's apparel 2/..................................| 123.9 122.3 123.2 -1.0 .7 -.4 .2 .7 03-81-02 | Men's and boys' apparel.............................| 132.4 132.7 132.5 -.5 -.2 -.2 -.1 -.1 03-81-03 | Girls', children's, and infants' apparel 2/.........| 116.4 116.6 116.6 -1.2 0 -.1 .1 0 03-82 | Textile housefurnishings 2/.........................| 122.6 122.4 122.6 0 .2 0 .1 .2 04-3 | Footwear 2/.........................................| 146.7 146.6 146.6 1.0 0 .3 -.1 0 05-41 | Residential electric power (Dec. 1990=100)..........| 113.5 121.7 121.1 5.4 -.5 -1.5 2.2 -.3 05-51 | Residential gas (Dec. 1990=100).....................| 172.0 155.6 147.1 7.2 -5.5 -5.8 -4.0 -5.7 05-71 | Gasoline............................................| 104.8 88.2 94.1 -.2 6.7 -3.7 -17.7 8.7 05-73-02-01| Fuel oil No. 2......................................| 86.8 82.9 84.7 -8.8 2.2 -.2 -9.1 .8 06-38 06-71 06-75 07-12 09-15-01 09-31-01 09-32-01 09-33 12-1 12-3 12-4 12-5 12-62 12-64 12-66 14-11-01 15-11 15-12 15-2 15-5 15-94-02 15-94-04 11-1 11-2 11-37 11-38 11-39 11-41 11-44 11-51 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 | Pharmaceutical preparations (June 2001=100) 2/......| | Soaps and synthetic detergents 2/...................| | Cosmetics and other toilet preparations 2/..........| | Tires, tubes, tread, etc 2/.........................| | Sanitary papers and health products 2/..............| | Newspaper circulation 2/............................| | Periodical circulation..............................| | Book publishing.....................................| | Household furniture 2/..............................| | Floor coverings 2/..................................| | Household appliances ...............................| | Home electronic equipment 2/........................| | Household glassware.................................| | Household flatware 2/...............................| | Lawn and garden equip., ex. tractors 2/.............| | Passenger cars......................................| | Toys, games, and children's vehicles 2/.............| | Sporting and athletic goods 2/......................| | Tobacco products 2/.................................| | Mobile homes 2/.....................................| | Jewelry, platinum, & karat gold 2/..................| | Costume jewelry and novelties 2/....................| | | | CAPITAL EQUIPMENT.....................................| | | | Agricultural machinery and equipment 2/.............| | Construction machinery and equipment................| | Metal cutting machine tools 2/......................| | Metal forming machine tools 2/......................| | Tools, dies, jigs, fixtures, and ind. molds 2/......| | Pumps, compressors, and equipment...................| | Industrial material handling equipment 2/...........| | Electronic computers (Dec. 1998=100) 2/.............| | Textile machinery 2/................................| | Paper industries machinery (June 1982=100)..........| | Printing trades machinery 2/........................| | Transformers and power regulators 2/................| | Communication & related equip. (Dec. 1985=100) 2/...| | X-ray and electromedical equipment 2/...............| | Oil field and gas field machinery ..................| | Mining machinery and equipment 2/...................| | Office and store machines and equipment 2/..........| | Commercial furniture 2/.............................| | Light motor trucks..................................| | Heavy motor trucks 2/...............................| (3) 130.5 138.7 93.6 146.4 218.9 199.9 224.3 154.7 131.5 105.4 71.3 169.8 143.2 132.5 133.8 123.0 126.6 426.6 162.7 126.7 143.8 100.1 130.5 138.2 94.6 145.3 219.0 199.6 224.0 154.8 129.8 104.2 69.7 169.9 143.2 132.1 130.2 123.0 126.0 447.4 164.8 129.3 144.1 99.2 130.6 138.3 94.5 144.0 219.0 202.6 224.8 154.9 128.5 104.6 69.7 169.7 143.2 132.2 129.8 123.4 124.7 447.4 164.8 129.2 143.8 (3) 2.3 .4 1.7 -1.7 5.1 .9 2.7 1.3 -1.3 -1.8 -2.4 2.2 -1.1 .5 .5 1.4 -1.0 11.2 1.9 1.6 1.1 -.9 .1 .1 -.1 -.9 0 1.5 .4 .1 -1.0 .4 0 -.1 0 .1 -.3 .3 -1.0 0 0 -.1 -.2 (3) 0 -.1 0 .1 .2 -.2 -1.2 0 -.3 0 -1.8 .3 -.8 0 .1 0 -.4 .1 .6 .1 0 .1 0 -.5 1.3 -.8 0 -.5 .9 0 .2 -1.0 -.1 -.2 0 -.2 -.3 0 -.1 -.1 .5 .6 0 -.9 .1 .1 -.1 -.9 0 1.5 .8 .1 -1.0 .4 0 -.1 0 .1 .7 .3 -1.0 0 0 -.1 -.2 139.9 139.8 139.5 .7 -.2 .1 .2 -.1 155.8 149.1 163.7 164.6 140.6 156.7 136.6 61.6 157.4 166.2 143.5 135.0 109.6 100.4 133.8 147.9 111.9 160.2 156.6 146.7 154.9 149.1 153.3 165.4 141.8 156.7 137.1 58.9 158.3 167.2 143.9 134.3 110.0 99.0 134.8 148.7 112.9 160.8 154.0 148.5 155.5 149.2 154.5 165.4 141.5 158.4 137.4 53.4 158.1 169.0 143.9 133.9 108.8 101.2 134.9 148.9 112.7 160.4 153.2 148.5 1.2 .3 -4.7 1.5 .3 2.5 1.7 -24.9 1.0 2.5 .6 -1.8 -1.5 -.5 5.4 1.6 -.4 1.1 -.9 .3 .4 .1 .8 -.1 .1 0 .2 1.4 -.3 .7 -2.8 .3 .7 .1 .1 0 .8 .6 .2 .7 .2 .5 -2.0 -.1 .1 -6.3 .3 -.1 .1 -.3 -.3 .3 .1 0 0 -.3 -.5 .2 0 .1 .2 2.3 1.0 .4 .1 .8 0 -.2 1.1 .2 -9.3 -.1 1.1 0 -.3 -1.1 2.2 .1 .1 -.2 -.2 -.5 0 0 -.2 1.2 .2 -9.3 -.1 1.3 0 -.3 -1.1 2.2 .2 .1 -.2 -.2 -.2 0 14-14 14-21-02 14-31 14-4 | Truck trailers 2/...................................| 138.8 138.8 138.7 -1.4 -.1 -.1 0 -.1 | Civilian aircraft (Dec. 1985=100)...................| 166.9 169.7 170.5 6.0 .5 .8 .8 .5 | Ships (Dec. 1985=100) 2/............................| 148.6 151.4 148.7 1.5 -1.8 0 1.8 -1.8 | Railroad equipment 2/...............................| 135.5 135.6 135.7 0 .1 -.1 0 .1 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 130.7 130.3 129.8 -.1 -.4 -.1 -1.0 -.4 | | | INTERMEDIATE FOODS AND FEEDS..........................| 114.2 117.1 119.4 8.0 2.0 1.3 .6 1.8 | | 02-12-03 | Flour 2/............................................| 108.3 110.3 108.9 5.8 -1.3 1.0 -.4 -1.3 02-53 | Refined sugar 2/....................................| 108.2 108.6 109.9 0 1.2 .7 -.9 1.2 02-54 | Confectionery materials.............................| 104.9 104.8 106.2 13.3 1.3 -1.9 -.1 1.5 02-72 | Crude vegetable oils 2/.............................| 66.5 73.0 83.8 22.0 14.8 3.4 3.0 14.8 02-9 | Prepared animal feeds 2/............................| 102.3 104.7 107.2 7.6 2.4 1.7 .7 2.4 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 131.6 131.0 130.4 -.5 -.5 -.2 -1.1 -.5 | | 03-1 | Synthetic fibers 2/.................................| 111.2 108.2 107.1 -.8 -1.0 -.6 .5 -1.0 03-2 | Processed yarns and threads 2/......................| 107.3 105.0 104.6 -3.1 -.4 -.5 -1.2 -.4 03-3 | Gray fabrics 2/.....................................| 115.4 113.3 115.5 1.9 1.9 1.1 -1.6 1.9 03-4 | Finished fabrics....................................| 123.1 123.4 122.3 -.4 -.9 .7 -.2 -.8 03-83-03 | Industrial textile products 2/......................| 131.6 133.3 133.2 1.5 -.1 .3 .5 -.1 04-2 | Leather 2/..........................................| 206.3 202.3 202.1 11.7 -.1 -1.1 -2.4 -.1 05-32 | Liquefied petroleum gas 2/..........................| 138.3 104.8 111.6 -13.0 6.5 -1.3 -17.8 6.5 ____________________________________________________________________________________________________________________________________ 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 | | |Aug. 2001 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Apr. |July |Aug. | Aug. | July | May to|June to|July to | |2001 1/|2001 1/|2001 1/| 2000 | 2001 | June | July | Aug. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 133.2 148.3 147.7 6.0 -0.4 3.1 -0.1 -0.6 05-43 | Industrial electric power...........................| 135.1 149.7 148.8 8.3 -.6 1.7 3.9 -.5 05-52 | Commercial natural gas (Dec. 1990=100)..............| 182.1 158.9 147.9 9.3 -6.9 -8.8 -6.2 -7.0 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 11-48 11-49-02 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 2/.....................| Plastic resins and materials 2/.....................| Synthetic rubber 2/.................................| Plastic construction products ......................| Unsupported plastic film, sheet, & other shapes 2/..| Plastic parts and components for manufacturing 2/...| Softwood lumber 2/..................................| Hardwood lumber ....................................| Millwork 2/.........................................| Plywood 2/..........................................| Woodpulp 2/.........................................| Paper 2/............................................| Paperboard 2/.......................................| 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.............| Air conditioning and refrigeration equipment 2/.....| Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 194.8 170.1 79.1 86.4 76.9 132.3 164.4 152.3 140.5 63.5 118.2 171.5 98.1 147.8 141.9 124.2 135.1 138.7 117.2 166.9 183.4 178.1 147.1 134.2 153.6 175.2 175.9 127.5 158.4 137.0 101.9 107.2 150.4 157.1 141.4 106.7 153.2 180.5 156.8 144.9 130.2 127.0 166.9 135.7 164.8 167.7 130.0 78.9 85.0 74.5 127.4 164.1 149.8 141.0 81.3 118.9 134.6 95.1 147.8 137.3 124.5 134.0 137.9 117.3 175.7 180.1 179.3 156.6 122.5 152.0 172.4 175.5 134.7 158.2 136.9 100.9 103.7 149.7 155.6 140.2 106.8 153.7 180.3 156.8 144.8 129.2 127.2 167.2 136.1 165.2 146.4 105.7 79.9 80.9 67.4 124.5 165.0 148.4 140.2 100.6 116.7 128.0 90.6 147.7 132.7 123.2 132.9 136.9 117.2 172.8 179.6 179.6 163.6 118.9 149.7 170.2 175.4 131.3 157.4 136.9 100.8 100.1 149.5 151.4 140.5 106.6 154.0 180.9 156.9 144.7 129.9 127.1 167.2 136.4 164.8 4.3 -11.3 -7.0 -12.2 -20.8 -4.5 2.9 .1 -3.7 59.2 3.7 5.3 -2.3 .9 -9.3 .8 -3.4 3.9 -.2 1.6 -3.9 1.8 7.2 -20.3 -.9 -6.1 .6 -1.7 .8 .4 -7.4 -12.1 .1 -6.9 -3.6 -.7 1.7 -.7 .5 .1 .1 .9 2.0 .7 1.6 -12.7 -18.7 1.3 -4.8 -9.5 -2.3 .5 -.9 -.6 23.7 -1.9 -4.9 -4.7 -.1 -3.4 -1.0 -.8 -.7 -.1 -1.7 -.3 .2 4.5 -2.9 -1.5 -1.3 -.1 -2.5 -.5 0 -.1 -3.5 -.1 -2.7 .2 -.2 .2 .3 .1 -.1 .5 -.1 0 .2 -.2 -10.3 -13.1 2.3 6.6 -4.6 -.8 .5 .9 -.1 7.3 1.2 -9.0 1.7 -.7 -1.1 .4 .1 .2 0 .6 -.6 .5 .5 -2.9 .1 -.7 .2 -1.3 -.4 .1 -.6 -1.8 -.4 .1 .1 .2 -.3 .6 .1 0 -.4 -.2 .1 .1 0 -5.5 -5.5 -5.6 -8.1 2.6 -2.5 -.2 -1.5 1.1 12.9 -.3 -5.8 -3.3 -.5 -2.1 .2 -.9 -.6 0 -5.7 -.1 -.1 -5.9 -2.1 -.1 .1 -.4 -1.8 .1 0 -.7 -2.9 .5 -2.4 -.4 .2 .1 -.4 -.2 .1 -.1 0 .2 0 .1 -11.6 -18.1 -1.6 -7.2 -9.5 -2.3 .7 -.9 -.6 23.7 -1.8 -4.5 -4.7 -.1 -3.4 -1.0 -.9 -.7 -.1 -1.7 -.2 .2 4.5 -2.9 -1.5 -1.3 -.1 -2.5 -.5 .1 -.1 -3.5 -.1 -2.7 .2 -.2 .1 .4 .1 0 .5 -.1 .2 .2 -.2 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 | 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......................................| 01-41-02 | Slaughter broilers/fryers...........................| 01-42 | Slaughter turkeys...................................| 01-6 | Fluid milk..........................................| 01-83-01-31| Soybeans 2/.........................................| 02-52-01-01| Cane sugar,raw 2/...................................| | | | 01-51-01-01| 01-92-01-01| 04-19 | 05-1 | 05-31 | 05-61 | 08-5 | 09-12 | 10-11 | | CRUDE NONFOOD MATERIALS..............................| | Raw cotton..........................................| Leaf tobacco 2/.....................................| Hides and skins (June 2001=100) 2/..................| Coal 2/.............................................| Natural gas 2/......................................| Crude petroleum 2/..................................| Logs, timber, etc...................................| Wastepaper 2/.......................................| Iron ore 2/.........................................| 169.4 154.4 146.9 156.6 94.9 143.7 140.1 112.2 150.4 151.3 105.8 155.8 133.3 113.6 144.9 148.1 129.3 147.7 169.2 154.4 147.2 157.3 93.4 143.8 140.5 112.3 150.5 152.0 107.1 145.0 133.2 112.8 144.7 147.1 129.3 148.1 169.2 154.3 147.2 156.8 93.5 143.8 140.5 112.1 150.7 152.2 107.0 145.4 133.0 113.0 145.6 147.3 129.3 148.2 -.4 1.1 .5 2.3 -4.2 -.3 1.8 1.5 .3 2.8 .5 -25.1 4.3 -.4 3.3 .7 3.5 1.6 0 -.1 0 -.3 .1 0 0 -.2 .1 .1 -.1 .3 -.2 .2 .6 .1 0 .1 -.9 0 0 .2 -.4 .1 .6 -.1 -.1 -.9 .2 .5 -.1 -.1 0 .1 -.8 .2 -.2 .1 .3 0 -.5 -.3 -.1 .2 .6 .7 1.0 -1.1 -.7 -.4 .1 .3 0 0 .1 -.1 -.1 -.2 .1 .1 0 -.2 .3 .1 -.3 .3 -.2 .2 .6 .2 0 .1 133.1 116.1 113.4 -4.1 -2.3 -6.0 -5.3 -2.3 109.2 109.6 108.9 14.0 -.6 -.1 .6 -.6 83.2 78.6 118.2 79.0 135.9 106.8 108.2 73.3 112.9 82.8 79.2 107.7 87.1 143.0 108.4 122.0 87.0 110.9 81.9 83.0 104.7 85.2 140.8 110.7 122.7 88.4 110.9 12.0 34.5 5.4 18.8 18.4 -13.6 30.8 13.6 17.1 -1.1 4.8 -2.8 -2.2 -1.5 2.1 .6 1.6 0 -4.3 2.0 -1.1 2.5 -2.2 -2.2 3.4 5.6 -2.2 -4.9 16.2 -3.6 7.5 -4.1 -2.8 -3.4 7.7 1.1 -1.1 8.5 -2.8 -3.9 -2.3 -2.5 -3.1 1.6 0 144.7 116.3 112.4 -13.3 -3.4 -9.2 -8.7 -3.4 72.0 81.1 (3) 96.3 220.6 74.5 183.7 151.1 96.3 62.5 (3) 91.3 96.0 133.2 74.3 184.8 135.7 96.3 59.1 105.2 74.0 94.2 123.0 73.8 183.1 136.3 96.3 -39.8 5.6 (3) 9.5 -19.0 -17.4 -2.2 -47.2 1.5 -5.4 (3) -18.9 -1.9 -7.7 -.7 -.9 .4 0 -7.5 (3) (3) -6.6 -19.1 1.2 2.3 -3.4 0 .8 (3) -8.7 4.7 -19.0 -5.1 -.8 .4 0 -6.4 (3) -18.9 -1.9 -7.7 -.7 -.6 .4 0 10-12 | Iron and steel scrap 2/.............................| 120.5 123.9 125.4 -6.9 1.2 -.4 3.9 1.2 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 62.3 63.0 62.1 -8.1 -1.4 -.9 -1.4 -1.4 10-23-01 | Copper base scrap 2/................................| 121.0 114.1 107.8 -14.3 -5.5 -.7 -3.7 -5.5 10-23-02 | Aluminum base scrap.................................| 166.2 155.8 148.7 -15.0 -4.6 -.6 -6.1 -5.0 13-21 | Construction sand, gravel, and crushed stone........| 168.4 169.5 169.7 3.4 .1 .3 .2 .3 ____________________________________________________________________________________________________________________________________ 1/ The indexes for April 2001 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 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 |April 2001 | July 2001 | Aug. 2001 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 398.0 | 394.9 | 395.9 | | All commodities................................| 136.4 | 133.9 | 133.5 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 126.8 | 127.1 | 128.2 | 01 | Farm products................................| 106.0 | 104.5 | 105.3 | 02 | Processed foods and feeds....................| 137.1 | 138.3 | 139.5 | | | | | | | Industrial commodities.........................| 138.2 | 135.1 | 134.5 | 03 | Textile products and apparel.................| 122.0 | 121.2 | 121.2 | 04 | Hides, skins, leather, and related products..| 163.9 | 160.5 | 155.4 | 05 | Fuels and related products and power 2/......| 113.3 | 103.0 | 102.0 | 06 | Chemicals and allied products 2/.............| 154.8 | 151.8 | 149.9 | 07 | Rubber and plastic products..................| 127.6 | 127.8 | 127.2 | 08 | Lumber and wood products.....................| 172.9 | 176.4 | 176.1 | 09 | Pulp, paper, and allied products.............| 185.6 | 184.7 | 184.2 | 10 | Metals and metal products....................| 126.0 | 125.4 | 124.9 | 11 | Machinery and equipment......................| 123.9 | 123.8 | 123.5 | 12 | Furniture and household durables.............| 133.4 | 132.8 | 132.7 | 13 | Nonmetallic mineral products.................| 144.0 | 144.0 | 144.2 | 14 | Transportation equipment.....................| 145.5 | 144.7 | 144.6 | 15 | Miscellaneous products.......................| 179.2 | 182.5 | 182.7 | 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 10-25 11-3 11-4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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..............................| Nonferrous mill shapes.........................| Metalworking machinery and equipment...........| General purpose machinery and equipment........| 143.7 115.3 80.4 108.4 128.0 71.9 117.4 101.5 84.2 121.0 161.6 128.7 115.8 135.2 145.7 125.0 104.0 127.0 147.6 196.5 133.5 94.0 263.1 138.0 139.9 116.8 123.5 140.1 135.9 170.0 159.4 164.8 110.2 125.3 143.1 150.6 152.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 143.2 99.4 81.0 102.9 133.8 62.7 82.0 114.1 97.3 (3) 162.7 127.1 116.3 135.2 145.5 124.5 107.7 126.4 147.5 124.1 146.0 84.4 261.7 129.0 139.7 117.2 123.9 140.0 136.0 175.1 157.4 164.3 109.8 123.3 142.4 150.5 152.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 142.7 106.9 83.1 100.1 132.6 59.4 87.0 115.2 98.6 156.9 162.6 127.9 118.7 135.9 146.6 124.5 119.3 126.6 148.0 118.4 145.2 86.9 260.0 125.8 139.5 117.1 122.6 140.2 135.1 172.9 156.1 163.6 109.8 121.5 141.4 150.7 153.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11-6 | Special industry machinery.....................| 165.1 | 165.4 | 165.6 | 11-7 | Electrical machinery and equipment.............| 117.8 | 117.4 | 117.0 | 11-9 | Miscellaneous machinery and equipment..........| 135.4 | 136.2 | 136.2 | 12-6 | Other household durable goods..................| 157.1 | 157.0 | 157.2 | 13-2 | Concrete ingredients...........................| 158.9 | 159.6 | 159.8 | 14-1 | Motor vehicles and equipment...................| 132.5 | 130.6 | 130.3 | 15-1 | Toys, sporting goods, small arms, etc..........| 133.4 | 133.0 | 132.4 | 15-4 | Photographic equipment and supplies............| 111.8 | 111.8 | 111.8 | 15-9 | Other miscellaneous products...................| 138.4 | 139.2 | 139.2 | __________________________________________________________|___________|___________|___________| 1/ Data for April 2001 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. 3/ Not available. Table 4. Producer price indexes for the net output of major industry groups, not seasonally adjusted __________________________________________________________________________________________________________________ | | | Index | Percent change Industry | Industry 1/ |Index|_______________________|to_Aug._2001_from: code | |base | | | | | | | |Apr. |July |Aug. | Aug. | July | | |2001 2/|2001 2/|2001 2/| 2000 | 2001 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 132.2 103.4 100.4 -11.8 -2.9 10 | Metal mining................................ |12/84| 69.7 70.4 69.6 -5.2 -1.1 12 | Coal mining................................. |12/85| 90.9 90.9 89.9 7.9 -1.1 13 | Oil and gas extraction...................... |12/85| 151.7 112.9 109.4 -14.1 -3.1 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 140.8 141.6 141.2 2.5 -.3 | | | |Total manufacturing industries............... |12/84| 135.6 134.6 134.8 1.0 .1 20 | Food and kindred products................... |12/84| 132.5 133.9 134.7 4.7 .6 21 | Tobacco manufactures........................ |12/84| 372.1 391.1 391.0 11.6 0 22 | Textile mill products....................... |12/84| 117.5 116.9 116.6 -.3 -.3 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.9 125.9 126.1 .2 .2 24 | Lumber and wood products, except furniture.. |12/84| 154.8 158.2 157.5 1.2 -.4 25 26 27 28 29 30 31 32 33 34 | Furniture and fixtures...................... |12/84| 144.8 145.3 145.2 1.1 -.1 | Paper and allied products................... |12/84| 147.3 146.4 145.4 -1.3 -.7 | Printing, publishing, and allied industries. |12/84| 188.6 188.6 188.9 2.9 .2 | Chemicals and allied products............... |12/84| 161.4 158.8 156.3 -.8 -1.6 | Petroleum refining and related products..... |12/84| 115.2 103.8 106.8 -5.2 2.9 | Rubber and miscellaneous plastic products... |12/84| 126.3 126.5 126.0 1.0 -.4 | Leather and leather products................ |12/84| 142.4 141.9 142.1 3.1 .1 | Stone, clay, glass, and concrete products... |12/84| 135.9 135.9 135.9 1.0 0 | Primary metal industries.................... |12/84| 116.8 116.1 115.8 -3.8 -.3 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 131.0 131.1 131.1 .5 0 35 | Machinery, except electrical................ |12/84| 118.0 118.1 118.0 .3 -.1 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 107.2 106.9 106.4 -1.6 -.5 37 | Transportation equipment.................... |12/84| 138.3 137.3 137.2 1.1 -.1 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 127.3 127.2 127.4 1.0 .2 39 | Miscellaneous manufacturing industries...... |12/85| 132.3 132.7 132.3 1.0 -.3 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 103.7 104.3 104.3 1.6 0.0 42 | Motor freight transportation and warehousing |06/93| 122.7 123.3 123.4 2.7 .1 43 | United States Postal Service................ |06/89| 141.3 145.4 145.4 7.5 0 44 | Water transportation........................ |12/92| 125.4 131.8 132.0 4.7 .2 45 | Transportation by air....................... |12/92| 157.5 157.6 159.1 7.6 1.0 46 | Pipe lines, except natural gas.............. |12/86| 109.0 110.9 111.2 8.5 .3 54 | Food stores................................. |12/99| 108.3 110.7 107.9 6.4 -2.5 59 | Miscellaneous retail........................ |06/00| 100.3 101.8 100.6 1.1 -1.2 80 | Health services............................. |12/94| 116.0 116.3 116.5 2.9 .2 81 | Legal services.............................. |12/96| 117.2 118.4 118.4 5.2 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 April 2001 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 | | | | | | | Mar. | Apr. | May | June | July | Aug. | 2001 | 2001 | 2001 | 2001 | 2001 | 2001 _______________________________________________________|________|________|________|________|________|________ | Finished goods...................................| 141.6 142.3 142.2 141.7 140.4 140.9 Finished consumer goods........................| 142.7 143.5 143.5 142.8 140.9 141.6 Finished consumer foods......................| 141.4 142.3 141.5 141.7 140.9 142.1 Crude......................................| 137.0 138.7 130.3 123.3 113.5 120.9 Processed..................................| 141.7 142.6 142.4 143.1 143.1 143.8 Finished consumer goods, excluding foods.....| 143.1 143.9 144.1 143.1 140.7 141.1 Nondurable goods less foods................| 145.3 146.2 146.7 145.3 141.8 142.3 Durable goods..............................| 133.8 134.3 133.8 133.8 134.1 134.3 Capital equipment..............................| 139.5 139.8 139.7 139.9 140.2 140.1 Manufacturing industries.....................| 140.1 140.4 140.3 140.5 140.6 140.7 Nonmanufacturing industries..................| 139.2 139.4 139.4 139.6 140.0 139.8 | Intermediate materials, supplies, and components.| 131.3 131.2 131.2 131.1 129.8 129.3 Materials and components for manufacturing.....| 129.0 128.6 128.5 128.2 127.5 126.9 Materials for food manufacturing.............| 122.8 123.9 124.2 125.5 125.7 127.4 Materials for nondurable manufacturing.......| 135.8 135.0 134.1 133.3 131.8 130.1 Materials for durable manufacturing..........| 126.5 125.8 126.9 126.4 125.3 124.6 Components for manufacturing.................| 126.5 126.6 126.4 126.4 126.3 126.2 Materials and components for construction......| 150.3 150.3 151.5 151.6 150.9 150.9 Processed fuels and lubricants.................| 109.2 109.0 108.7 108.6 104.4 103.4 Manufacturing industries ....................| 108.6 108.5 107.5 106.8 106.2 104.6 Nonmanufacturing industries..................| 109.2 108.9 108.9 109.3 103.1 102.4 Containers.....................................| 153.3 153.9 153.8 154.0 153.6 153.2 Supplies.......................................| 138.7 138.9 139.0 138.8 138.8 138.7 Manufacturing industries.....................| 145.6 146.2 146.3 145.8 145.7 145.2 Nonmanufacturing industries..................| 135.8 135.8 136.0 135.9 135.8 135.9 Feeds......................................| 95.5 93.2 93.2 95.0 96.8 99.8 Other supplies.............................| 140.7 141.0 141.2 140.8 140.6 140.3 | Crude materials for further processing...........| 132.3 133.0 129.7 121.9 115.4 112.7 Foodstuffs and feedstuffs......................| 109.5 109.0 107.6 107.5 108.1 107.5 Nonfood materials..............................| 143.2 144.7 140.3 127.4 116.3 112.3 Nonfood materials except fuel 2/.............| 106.0 105.6 106.8 107.3 104.2 103.4 Manufacturing 2/...........................| 97.4 97.0 98.2 98.6 95.7 95.0 Construction...............................| 180.9 180.9 182.9 184.9 183.4 182.5 Crude fuel 3/................................| 182.9 186.8 175.0 144.7 123.5 115.5 Manufacturing industries...................| 182.0 185.8 173.1 143.8 121.2 113.7 Nonmanufacturing industries................| 186.2 190.2 178.3 147.3 126.0 117.7 | Special groupings | | Finished goods, excluding foods..................| 141.6 142.1 142.3 141.6 140.1 140.4 Intermediate materials less foods and feeds......| 132.3 132.1 132.2 131.9 130.5 129.9 Intermediate foods and feeds.....................| 114.5 114.4 114.6 116.1 116.8 118.9 Crude materials less agricultural products 2/....| 145.5 147.5 143.1 129.7 118.1 113.6 | Finished energy goods............................| 102.2 103.3 103.2 100.6 94.8 95.8 Finished goods less energy.......................| 147.1 147.6 147.6 147.7 147.7 148.0 Finished consumer goods less energy..............| 150.3 151.0 150.9 151.0 150.8 151.3 | Finished goods less foods and energy.............| 149.4 149.8 150.0 150.1 150.4 150.3 Finished consumer goods less foods and energy....| 156.1 156.5 157.0 157.0 157.2 157.1 Consumer nondurable goods less foods and energy..| 173.7 174.0 175.3 175.5 175.5 175.3 | Intermediate energy goods........................| 108.7 108.6 108.2 108.1 104.0 103.0 Intermediate materials less energy...............| 136.0 135.9 136.0 135.9 135.3 134.9 Intermediate materials less foods and energy.....| 137.4 137.3 137.5 137.1 136.5 136.0 | Crude energy materials 2/........................| 142.1 145.1 139.8 123.1 109.0 104.2 Crude materials less energy......................| 115.8 114.6 113.2 113.0 113.2 112.4 Crude nonfood materials less energy 3/...........| 135.2 132.0 130.5 130.3 129.1 128.1 _____________________________________________________________________________________________________________ 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 April 2001 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 Grocery Stores Meat and Fish (Seafood) Markets, Fruit and Vegetable Markets Candy, Nut, and Confectionery Stores Retail Bakeries Miscellaneous Food Stores SIC PPI Detailed Report Issue 4812 July 1999 4813 5411 5421 5431 5441 5461 5499 July July July July July July July 1995 2000 2000 2000 2000 2000 2000 New Car Dealers Miscellaneous Retail Security Brokers, Dealers, and Investment Bankers Life Insurance Carriers Property and Casualty Insurance Operators and Lessors of Nonresidential Buildings Real Estate Agents and Managers Prepackaged Software Home Health Care Services Legal Services Engineering, Design, Analysis, and Consulting Services Architectural, Design, Analysis, and Consulting Services Premiums for Property and Casualty Insurance 5511 59 July 2000 January 2001 6211 6311 6331 January 2001 January 1999 July 1998 6512 6531 7372 8082 8111 January January January January January 1996 1996 1998 1997 1997 8711 January 1997 8712 January 1997 9331 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 107.5 104.0 3.5 Index percent change 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.
@FedFRASER