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News Bureau of Labor Statistics United States Department of Labor Washington, D.C. 20212 FOR DATA ONLY: (202) 691-5200 FOR TECHNICAL INFORMATION: (202) 691-7705 MEDIA CONTACT: (202) 691-5902 http://www.bls.gov/ppi USDL 08-0061 TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (EST), TUESDAY JANUARY 15, 2008 Producer Price Indexes – December 2007 The Producer Price Index for Finished Goods declined 0.1 percent in December, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decrease followed a 3.2percent rise in November and a 0.1-percent advance in October. At the earlier stages of processing, prices received by producers of intermediate goods fell 0.2 percent in December after increasing 3.7 percent in the prior month, and the crude goods index moved up 1.0 percent following an 8.7-percent jump in November. (See table A.) Table A. Monthly and annual percent changes in selected stage-of-processing price indexes, seasonally adjusted Finished goods Month 2006 Dec. Total Foods Energy 0.7 1.1 2.4 Change in InterExcept finished goods foods and from 12 months mediate goods energy ago (unadj.) 0.1 1.1 0.9 Crude goods 2.6 2007 Jan. -.6 1.0 -4.3 .2 .1 -.7 -5.5 Feb. 1.2 1.7 3.0 .4 2.4 .8 9.0 Mar. 1.0 1.6 3.8 -.1 3.1 1.2 2.6 Apr. .9 .5 3.3 .1 3.2 1.0 1.1 May .7 -.6 3.5 .2 3.9 1.2 1.3 June .1 -.4 -.2 .2 3.3 .4 1.1 July .7 .1 2.5 .3 4.2 .8 .5 Aug. r -1.4 r -.2 r -6.7 .1 r 2.3 -1.3 r -3.6 Sept. r 1.0 r 1.1 r 3.7 .1 4.4 .4 r .9 Oct. .1 1.0 -.8 0 6.1 .1 2.4 Nov. 3.2 0 14.1 .4 7.2 3.7 8.7 Dec. -.1 1.3 -1.9 .2 6.3 -.2 1.0 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for August 2007 have been revised to reflect the availability of late reports and corrections by respondents. -2The downturn in prices for finished goods was led by the index for energy goods, which dropped 1.9 percent in December after climbing 14.1 percent in November. Prices for finished goods other than foods and energy rose 0.2 percent in December compared with a 0.4-percent advance in the preceding month. By contrast, partially offsetting the downturn in the finished goods index, prices for finished consumer foods increased 1.3 percent following no change in November. Before seasonal adjustment, the Producer Price Index for Finished Goods declined 0.4 percent in December to 170.6 (1982 = 100). In 2007, finished goods prices moved up 6.3 percent compared with a 1.1percent advance in 2006. This faster rate of increase in 2007 is attributable to food and energy prices. The index for finished energy goods surged 18.4 percent in 2007 after falling 2.0 percent a year earlier, and prices for finished consumer foods jumped 7.4 percent following a 1.7-percent rise in 2006. Alternatively, the index for finished goods other than foods and energy advanced 2.0 percent in 2007, the same as in the preceding year. At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 6.8 percent in 2007 after moving up 2.8 percent in the prior year, while the crude goods index jumped 20.6 percent following a 4.7-percent decrease in 2006. (See summary table below.) Summary of December-to-December and 3-month seasonally adjusted annual rates for selected stages of processing Grouping Finished goods Finished consumer foods Finished energy goods Finished goods less foods and energy Finished consumer goods, excluding foods and energy Capital equipment Intermediate materials, supplies, and components Intermediate foods and feeds Intermediate energy goods Intermediate materials less foods and energy Materials for nondurable manufacturing Materials for durable manufacturing Materials and components for construction Percentage change 12 Seasonally adjusted annual rate for months ended 3 months 3 months 3 months 3 months December ended ended ended ended June September December 2005 2006 2007 March 2007 2007 2007 2007 5.4 1.1 6.3 6.9 6.5 1.0 13.3 1.7 1.7 7.4 18.7 -1.7 4.2 9.4 23.9 -2.0 18.4 10.0 29.5 -3.0 51.9 1.4 2.0 2.0 2.0 2.3 1.7 2.2 1.6 1.2 1.8 2.3 2.5 1.3 2.2 1.6 2.9 1.3 2.1 1.1 2.8 1.3 8.6 2.4 26.2 4.8 8.9 5.9 6.1 2.8 4.7 -3.3 4.5 1.2 12.5 4.3 6.8 17.5 18.6 3.3 13.0 1.6 1.8 5.4 29.5 16.3 1.7 8.1 2.2 2.6 10.4 11.7 24.2 6.9 21.3 19.5 3.6 -.5 10.5 -3.6 0 3.3 -11.6 .6 15.0 19.2 55.3 4.6 20.3 -1.5 .4 Crude materials for further processing 21.1 -4.7 20.6 25.1 14.8 -8.5 59.6 Foodstuffs and feedstuffs 1.6 2.8 25.2 60.7 12.6 11.3 19.2 Crude energy materials 42.2 -15.7 17.2 -11.3 26.3 -26.9 129.5 Crude nonfood materials less energy 5.2 17.0 16.8 60.1 0 12.4 3.6 NOTE: Late reports and corrections by respondents may cause some indexes to change 4 months after original publication. In addition, seasonally adjusted indexes may be revised for 5 years due to the recalculation of seasonal factors each January. -3Finished goods The index for finished energy goods fell 1.9 percent in December after rising 14.1 percent in November. Leading this downturn, gasoline prices declined 4.8 percent in December following a 34.8-percent surge a month earlier. The indexes for home heating oil, diesel fuel, liquefied petroleum gas, asphalt, and kerosene also decreased after advancing in November. Prices for residential electric power moved up less in December than in the previous month. By contrast, partially counteracting the downturn in the index for finished energy goods, prices for residential natural gas fell 0.1 percent compared with a 5.2-percent drop in November. (See table 2.) The index for finished goods other than foods and energy increased 0.2 percent in December following a 0.4-percent rise in November. In December, higher prices for pharmaceutical preparations, cosmetics and other toilet preparations, civilian aircraft, commercial furniture, cigarettes, pet food, and floor coverings outweighed lower prices for passenger cars, light motor trucks, household furniture, and for x-ray and electromedical equipment. The index for finished consumer foods climbed 1.3 percent in December after no change in November. Prices for fresh and dry vegetables jumped 13.4 percent in December compared with a 13.2-percent drop in the preceding month. The indexes for beef and veal and for processed fruits and vegetables also turned up in December. Prices for fresh fruits and melons and for eggs for fresh use increased more than they had in November. By contrast, the index for processed turkeys fell 9.4 percent in December following an 8.7-percent rise in the prior month. Prices for pork and roasted coffee also decreased after advancing in November. The indexes for bakery products, finfish and shellfish, and processed young chickens increased at slower rates in December than they had a month earlier. Table B. Monthly and annual percent changes in selected price indexes for intermediate goods and crude goods, seasonally adjusted Intermediate goods Month 2006 Dec. Foods Energy 1.2 3.9 Crude goods Change in intermediate Except goods from foods and 12 months ago (unadj.) energy 0.1 2.8 Foods Energy -0.1 4.8 Change in crude goods Except from 12 foods and months ago (unadj.) energy 1.7 -4.7 2007 Jan. 1.8 -3.7 0 1.1 2.4 -15.3 1.8 -9.5 Feb. 3.0 3.5 0 2.2 7.4 14.3 2.9 7.7 Mar. 1.8 4.2 .4 3.3 2.4 .3 7.4 13.3 Apr. .9 1.4 .8 3.7 1.5 .7 1.3 11.6 May 0 3.8 .6 3.8 1.0 3.0 -1.3 11.3 June 1.8 .3 .2 3.6 .5 2.3 0 15.5 July .7 2.2 .4 4.2 1.9 -.5 .6 12.9 Aug. r .3 r -4.2 r -.4 2.4 r -1.6 r -6.3 r .4 r 6.1 Sept. r 1.5 r 1.2 .1 4.2 2.4 r -.8 r 2.0 11.4 Oct. 1.0 -.1 .1 5.6 -1.8 5.9 1.4 25.7 Nov. 1.2 13.3 1.0 8.1 2.0 17.0 -.5 22.4 Dec. 2.2 -1.4 0 6.8 4.3 -.7 0 20.6 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for August 2007 have been revised to reflect the availability of late reports and corrections by respondents. -4Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components decreased 0.2 percent in December following a 3.7-percent advance in November. Leading this downturn, prices for intermediate energy goods and materials for durable manufacturing declined after rising a month earlier. The index for materials for nondurable manufacturing rose less than it had in the preceding month. By contrast, partially offsetting the downturn in intermediate goods prices, the index for intermediate foods and feeds advanced more than it had a month earlier, and prices for materials and components for construction turned up in November. The index for intermediate goods less foods and energy was unchanged in December following a 1.0-percent decrease in the prior month. (See table B.) The index for intermediate energy goods declined 1.4 percent in December subsequent to a 13.3-percent advance in November. Diesel fuel prices moved down 3.0 percent after surging 35.8 percent in the preceding month. The indexes for gasoline, home heating oil, both commercial and industrial electric power, and liquefied petroleum gas also turned down in December. Prices for jet fuels rose less than they had a month earlier, and the index for natural gas to electric utilities fell more than it had in November. By contrast, prices for commercial natural gas increased 0.6 percent following a 6.0-percent decline in the previous month. The index for industrial natural gas also turned up in December. (See table 2.) From December 2006 to December 2007, prices for intermediate energy goods advanced 18.6 percent after decreasing 3.3 percent a year earlier. Prices for materials for nondurable manufacturing edged up 0.1 percent in December subsequent to a 3.6-percent rise in November. The index for processed yarns and threads moved up 0.2 percent following a 1.0percent gain in the preceding month. Prices for basic organic chemicals, plastic resins and materials, and for paint materials declined after increasing in the prior month. By contrast, the rate of increase for the inedible fats and oils index quickened from 4.4 percent in November to 9.5 percent in December. Prices for fertilizer materials and basic inorganic chemicals also advanced more than they had a month earlier. The paperboard index inched up subsequent to a decline in the previous month. The index for materials for nondurable manufacturing advanced 13.0 percent in 2007 compared with a 1.2-percent rise in 2006. Prices for materials for durable manufacturing decreased 1.0 percent in December following a 1.1percent advance in November. The primary nonferrous metals index fell 8.5 percent after rising 2.5 percent in the prior month. Prices for thermoplastic resins, building paper and board, and aluminum mill shapes also turned down in December. The indexes for both cold and hot rolled steel sheet and strip rose less than in the preceding month. By contrast, prices for softwood lumber moved down 0.6 percent compared with a 3.8percent decrease a month earlier. The index for copper and brass mill shapes also declined less than it had in the previous month, and prices for titanium mill shapes turned up in December. In 2007, the index for materials for durable manufacturing moved up 1.6 percent subsequent to a 12.5-percent jump in 2006. The advance in the intermediate foods and feeds index accelerated from 1.2 percent in November to 2.2 percent in December. Prices for beef and veal moved up 3.2 percent compared with a 5.0-percent decline a month earlier. The indexes for flour and for refined sugar and byproducts also turned up in December. Prices for shortening and cooking oils advanced more than in the preceding month, while the index for dry milk products fell less than it had in November. By contrast, prices for prepared animal feeds increased 1.7 percent in December following a 3.7-percent advance in the prior month. Similarly, prices for processed young chickens also rose less then they had in November. The pork index turned down in December, and prices for fluid milk products declined more than they had in the previous month. From December 2006 to December 2007, the index for intermediate foods and feeds climbed 17.5 percent subsequent to a 4.7-percent increase a year earlier. -5The index for materials and components for construction inched up 0.1 percent in December compared with a 0.1-percent decline in November. Prices for asphalt felts and coatings advanced 2.1 percent following a 2.6-percent decrease in the previous month. The indexes for nonferrous wire and cable and for softwood lumber fell less than they had a month earlier. Prices for fabricated structural metal products rose more than in November. By contrast, the index for steel mill products moved up 0.8 percent after increasing 2.3 percent in November. Prices for building paper and board, millwork, and treated wood turned down December. During 2007, prices for materials and components for construction advanced 1.8 percent after rising 4.3 percent in the previous year. Crude goods The Producer Price Index for Crude Materials for Further Processing rose 1.0 percent in December after advancing 8.7 percent in November. Rising prices for foodstuffs and feedstuffs outweighed price decreases for energy materials, while the index for basic industrial materials was unchanged in December. (See table B.) Prices for crude foodstuffs and feedstuffs climbed 4.3 percent after increasing 2.0 percent in the preceding month. The slaughter hogs index rose 9.5 percent following a 7.9-percent decline in November. Prices for wheat; fresh vegetables, except potatoes; and slaughter cattle also turned up in December. By contrast, slightly counteracting the acceleration in prices for crude foodstuffs and feedstuffs, the index for slaughter broilers and fryers fell 5.1 percent after moving down 0.8 percent in November. Prices for Irish potatoes for processing and for soybeans rose less than they had in the prior month. The fluid milk index turned down in December. (See table 2.) In 2007, crude foodstuffs and feedstuffs prices jumped 25.2 percent following a 2.8-percent increase in 2006. The index for crude energy materials fell 0.7 percent in December after climbing 17.0 percent a month earlier. Crude petroleum prices turned down 2.4 percent following a 15.5-percent gain in November. Price advances for natural gas slowed to 0.9 percent in December after jumping 21.6 percent in the previous month. Conversely, the coal index increased 1.4 percent after moving up 0.5 percent in the prior month. In 2007, prices for crude energy materials advanced 17.2 percent following a 15.7-percent drop in 2006. The basic industrial materials index was unchanged in December after decreasing 0.5 percent a month earlier. Iron and steel scrap prices turned up 5.7 percent following a 7.6-percent decrease in November. The index for copper base scrap fell less than in November. Prices for raw cotton and phosphates rose more than they had a month earlier. The index for softwood logs, bolts, and timber was unchanged after falling in the prior month. By contrast, prices for aluminum base scrap declined 3.2 percent in December following a 1.5percent advance a month earlier. The index for wastepaper also turned down after rising in November. Prices for gold ores increased less than they had in the preceding month. The basic industrial materials index climbed 16.8 percent in 2007, slightly less than the 17.0-percent rise in 2006. -6Net output price indexes Mining, Utilities, and Manufacturing Industries. The Producer Price Index for the Net Output of Total Mining, Utilities, and Manufacturing Industries turned down 0.6 percent in December after rising 1.9 percent in November. (Net output price indexes are not seasonally adjusted.) The index for the petroleum and coal products industry group declined 6.0 percent following a 14.1-percent jump a month earlier. Prices received by the industries for oil and gas extraction, transportation equipment, and natural gas distribution also fell after moving up in November. The index for the chemical manufacturing industry group increased less than in the prior month. By contrast, partially offsetting the downturn in the total mining, utilities, and manufacturing industries index, prices received by electric power generators turned up 1.1 percent in December after falling 2.3 percent in the preceding month. The index for the food manufacturing industry group increased more in December than in the previous month, and prices received by the computer and electronic products industry group were unchanged after falling in November. Trade Industries. The Producer Price Index for the Net Output of Total Trade Industries turned up 1.5 percent in December after decreasing 0.7 percent in November. (Trade indexes measure changes in margins received by wholesalers and retailers.) The margin index for gasoline stations jumped 41.1 percent in December following a 9.0-percent decrease a month earlier. Margins received by merchant wholesalers of durable goods, building materials and supplies dealers, and fuel dealers also turned up after falling in November. By contrast, the margin index for merchant wholesalers of nondurable goods dropped 5.6 percent in December following a 0.7-percent decline in the preceding month. Margins received by clothing stores, electronic shopping and mail order houses, and automobile dealers turned down after rising in November. Transportation and Warehousing Industries. The increase in the Producer Price Index for the Net Output of Total Transportation and Warehousing Industries slowed to 0.1 percent in December from 0.6 percent in the previous month. The index for the general freight trucking industry group rose 0.5 percent after advancing 1.2 percent in November. Prices received by the industries for freight transportation arrangement and for longdistance, specialized-freight trucking also rose less than in the preceding month. The industry index for scheduled passenger air transportation fell more in December than in the prior month, and prices received by the industry for local, specialized-freight trucking turned down after increasing in November. By contrast, the advance in the industry index for couriers accelerated to 2.0 percent in December from 1.0 percent in the previous month. Prices received for inland water freight transportation turned up in December, and the industry index for general warehousing and storage rose after no change in November. Traditional Service Industries. The Producer Price Index for the Net Output of Total Traditional Service Industries turned down 0.9 percent in December after increasing 0.6 percent in November. The index for commercial banking dropped 8.4 percent in December following a 5.0-percent advance in the prior month. Prices received by general medical and surgical hospitals, portfolio managers, casino hotels, and offices of lawyers also turned down after rising in November. Conversely, the index for investment banking and securities dealing moved up 3.4 percent in December following a 0.2-percent decrease in the prior month. Prices received by wired telecommunication carriers also turned up after declining in November. The index for lessors of nonresidential buildings increased more than in the preceding month. ***** Producer Price Index data for January 2008 are scheduled to be released on Tuesday, February 26, 2008 at 8:30 a.m. (EST). -7Recalculated Seasonal Adjustment Factors and Relative Importance Figures to be Available on February 22, 2008 Each year with the release of PPI data for January, seasonal adjustment factors are recalculated to reflect price movements from the just-completed calendar year. This routine annual calculation may result in revisions to seasonally adjusted indexes for the previous 5 years. The following information will be available on February 22, 2008 (2 workdays prior to the release of PPI data for January 2008 on February 26): • Direct seasonal factors for commodity indexes for the year 2008, • Recalculated seasonal factors for the last 5 years (2003-2007) for the commodity indexes, • Recalculated seasonal factors for the last 5 years (2003-2007) for the stage-of-processing indexes. In addition to recalculated seasonal factors, December 2007 relative importance figures also will be available on February 22, 2008. To obtain this information, visit the PPI website at http://www.bls.gov/ppi/ or call the Division of Industrial Prices and Price Indexes, Section of Index Analysis and Public Information at (202) 691-7705. Technical Note Brief Explanation of Producer Prices Indexes The Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measure the average change over time in the 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 can differ due to government subsidies, sales and excise taxes, and distribution costs. More than 8,000 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 construction, trade, finance, and services sectors of the economy. More than 100,000 price quotations per month are organized into three sets of PPIs: (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 organizes products by class of buyer and degree of fabrication. The commodity structure 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. Stage-of-Processing Indexes 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, as well as nondurable goods such as apparel and home heating oil. Capital equipment includes 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. Commodity Indexes The commodity classification structure of the PPI organizes products by similarity of end use or material composition, disregarding industry of origin. Fifteen major commodity groupings (two-digit commodity codes) make up the All Commodities Index. Each major commodity grouping includes (in descending order of aggregation) subgroups (three-digit codes), product classes (four-digit codes), subproduct classes (six-digit codes), and individual items (eight-digit codes). Nearly all eight-digit commodities under the traditional commodity coding system are now derived from corresponding industry-classified product indexes. In such instances, movements in the traditional commodity price indexes and corresponding percent changes will be virtually identical to their industry-based counterparts, even if their index levels differ. Industry Net-Output Price Indexes PPIs for the net output of industries and their products are grouped according to the North American Industry Classification System (NAICS). Prior to the release of January 2004, industry-based PPIs were published according to the Standard Industrial Classification (SIC) system. Industry price indexes are compatible with other economic time series organized by industry, such as data on employment, wages, and productivity. Table 5 of the PPI Detailed Report includes data for NAICS industries and industry groups (3-, 4-, 5-, and 6-digit codes); Census product classes (7- and 8-digit codes), products (9-digit codes), and more detailed subproducts (11-digit codes); and, for some industries, indexes for other sources of revenue. Indexes may represent one of three kinds of product categories. Every industry has primary product indexes to show changes in prices received by establishments classified in the industry for products made primarily, but not necessarily exclusively, by that industry. The industry classification of an establishment is determined by which products make up a plurality of its total shipment value. In addition, most industries have secondary product indexes that show changes in prices received by establishments classified in the industry for products chiefly made in some other industry. Finally, some industries have miscellaneous receipts indexes to show price changes in other sources of revenue received by establishments within the industry that are not derived from sales of their products—for example, resales of purchased materials, or revenues from parking lots owned by a manufacturing plant. Data Collection PPIs 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 also are 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 submitted by survey respondents are effective on the Tuesday of the week containing the 13th day of the month. This survey is conducted primarily through the mail. Price data are provided on a voluntary and confidential basis; only sworn BLS employees are allowed access to individual company price reports. BLS publishes price indexes instead of actual prices. All PPIs are subject to revision 4 months after original publication to reflect the availability of late reports and corrections by respondents. 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 with the release of data for 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 industries includes the month and year in which an article describing the industry’s content appeared in the PPI Detailed Report. Title Wireless telecommunications Telephone communications, except radio telephone Television broadcasting Grocery stores Meat and fish (seafood) markets Fruit and vegetable markets Candy, nut, and confectionery stores Retail bakeries Miscellaneous food stores New car dealers Gasoline service stations Boat dealers Recreational vehicle dealers Miscellaneous retail Security brokers, dealers, and investment bankers Investment advice Life insurance carriers Property and casualty insurance Insurance agencies and brokerages Operators and lessors of nonresidential buildings Real estate agents and managers Prepackaged software Data processing services Home health care services Legal services Engineering design, analysis, and consulting services Architectural design, analysis, and consulting services Premiums for property and casualty insurance New warehouse building construction New school construction New office construction Merchant wholesalers, durable goods Merchant wholesalers, nondurable goods Wholesale trade agents and brokers Code PPI Detailed Report Issue SIC 4812 4813 4833 5411 5421 5431 5441 5461 5499 5511 5541 5551 5561 59 6211 6282 6311 6331 6412 6512 6531 7372 7374 8082 8111 8711 8712 9331 July 1999 July 1995 July 2002 July 2000 July 2000 July 2000 July 2000 July 2000 July 2000 July 2000 January 2002 January 2002 January 2002 January 2001 January 2001 January 2003 January 1999 July 1998 January 2003 January 1996 January 1996 January 1998 January 2002 January 1997 January 1997 January 1997 January 1997 July 1998 NAICS 236221 236222 236223 423 424 425120 July 2005 July 2006 January 2007 July 2005 July 2005 July 2005 Title Code Furniture and home furnishings stores Electronics and appliance stores Building material and garden equipment and supplies dealers Clothing and clothing accessories stores Sporting goods, hobby, book, and music stores General merchandise stores Miscellaneous store retailers Internet service providers Web search portals Commercial banking Savings institutions Direct health and medical insurance carriers Construction, mining, and forestry machinery and equipment rental and leasing Management consulting services Security guards and patrol services Computer training Blood and organ banks Amusement and theme parks Golf courses and country clubs Fitness and recreational sports centers Commercial machinery repair and maintenance PPI Detailed Report Issue NAICS 442 443 444 448 451 452 453 518111 518112 522110 522120 524114 January 2004 January 2004 January 2004 January 2004 January 2004 January 2004 January 2004 July 2005 July 2005 January 2005 January 2005 July 2004 532412 541610 561612 611420 621991 713110 713910 713940 811310 January 2005 January 2007 July 2005 July 2007 January 2007 July 2006 July 2006 July 2005 July 2007 Weights Weights for most traditional commodity groupings of the PPI, as well as weights for commodity-based aggregate indexes calculated using traditional commodity groupings, such as stage-of-processing indexes, currently reflect 2002 values of shipments as reported in the Census of Manufactures and other sources. From January 2002 through December 2006, PPI weights were derived from 1997 shipment values. Industry indexes now are calculated with 2002 weights and 1997 net output ratios. 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 within the industry to buyers outside the industry. However, weights for commodity price indexes are based on gross shipment values, including values of shipments between establishments within the same industry. As a result, broad commodity grouping indexes, such as the PPI for All Commodities, 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 for 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. Price Index Reference Base 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 previously published percent changes for affected PPI series. (See “Calculating Index Changes,” below.) The 1982 reference base is not used for commodity indexes with a base later than December 1981 or for industry net output indexes 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. This document can be downloaded from the BLS Web site at www.bls.gov/opub/hom/homch14_itc.htm. Reprints are available on request. Calculating Index Changes Each PPI measures price changes from a reference period that equals 100.0. 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 also can be expressed in dollars, as follows: prices received by domestic producers of a sample of finished goods have risen from $100 in 1982 to $105.50. Likewise, a current index of 90.0 would indicate that prices received by producers of finished goods 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. Index point changes are affected by the level of the index in relation to its base period, whereas percent changes are not. The following example 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 3.5 Divided by the previous index 104.0 Equals 0.034 Result multiplied by 100 0.034 x 100 Equals percent change 3.4 Seasonally Adjusted and Unadjusted Data Because price data are used for different purposes by different groups, BLS publishes seasonally adjusted and unadjusted changes each month. Seasonally adjusted data are preferred for analyzing general price trends in the economy because these data 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 when escalating long-term contracts such as purchasing agreements or real estate leases. For more information, see Escalation and Producer Price Indexes: A Guide for Contracting Parties, BLS Report 807, September 1991, on the Web at www.bls.gov/ppi/ppiescalation.htm. Reprints are available on request. In 1998, the PPI implemented the X-12-ARIMA Seasonal Adjustment Method; prior to that year, the PPI employed the X-11 method. Each year, the seasonal status of most commodity indexes is reevaluated to reflect more recent price behavior. Industry net output indexes are not seasonally adjusted. For time series that exhibit seasonal pricing patterns, new seasonal factors are estimated and applied to the unadjusted data for the previous 5 years. These updated seasonally adjusted indexes replace the most recent 5 years of seasonal data. Seasonal factors may be applied to series using either a direct or an aggregative method. Generally, commodity indexes are seasonally adjusted using direct seasonal adjustment, which produces a more complete elimination of seasonal movements than does the aggregative method. However, the direct seasonal adjustment process may not yield figures that possess additive consistency. Thus, a seasonally adjusted index for a broad category that is directly adjusted may not be logically consistent with all seasonally adjusted indexes for its components. Seasonal movements for stage-of-processing indexes are derived indirectly through an aggregative method that combines movements of a wide variety of subproduct class (six-digit) series. Seasonally adjusted indexes can become problematic when previously stable and predictable price patterns abruptly change. If the new pattern persists, the seasonal adjustment method will eventually reflect it adequately; if the pattern keeps shifting, however, seasonally adjusted data will become chronically troublesome. This problem occurs relatively infrequently for farm and food-related products, but has more often affected manufactured products such as automobiles and steel. Since January 1988, the PPI has used Intervention Analysis Seasonal Adjustment methods to enhance the calculation of seasonal factors. With this technique, outlier values that may distort the seasonal pattern are removed from the data prior to applying the standard seasonal factor estimation procedure. For example, a possible economic cause for large price movements for petroleumbased products might have been the Persian Gulf War. In this case, intervention techniques allowed for better estimates of seasonally adjusted data. On the whole, very few series have required intervention. Out of nearly 900 seasonally adjusted series, only 16 were subject to intervention in 1997. For more information relating to seasonal adjustment methods, 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. Producer Price Index Data on the Internet In 1995, the BLS began posting PPI series, news releases, and technical information to both a World Wide Web (WWW) site and a file transfer protocol (FTP) site. During the years following the introduction of PPI Internet services, use of these sites eclipsed more traditional methods of data dissemination, such as subscriptions to the PPI Detailed Report. There were more than 1.6 million instances of PPI series being downloaded from the Internet during the 12 months ended December 31, 2003. Retrieving PPI data from the PPI Web site PPI data can be obtained from the WWW address (www.bls.gov/ppi). Scrolling down the page to the “Get Detailed PPI Statistics” header reveals the following methods of data retrieval: • Most Requested Series is a form-based application that allows the user to quickly obtain PPI time series data by selecting from two separate lists (commodity and industry) of the most commonly requested time series, including the All Commodities Index and the stage-of-processing indexes (for example, Finished Goods). Within each list, any one—or all—of the time series shown can be selected. A user can modify the date range and output options after executing the query, using the reformat button above the data output table. • Create Customized Tables is a form-based query application designed for users unfamiliar with the PPI coding structure. The application guides a user through the PPI classification system by listing index titles and does not require knowledge of commodity or industry codes. Data retrieved are based on a query formulated by selecting data characteristics from lists provided. Two options are available to create customized tables, depending on a user’s browser capability. The one-screen option is a JavaScript application that uses a single screen to guide a user through the available time series data. The second option is a multiplescreen, non-Java-based application. Both methods allow a user to browse the PPI coding structure and select multiple series codes. Using the one-screen option, users can modify the date range and output options after executing the query using the reformat button above the data output table. • Series Report is a form-based application that uses formatted PPI time series identifiers (commodity or industry codes) as input in extracting data according to a specified set of date ranges and output options. This application provides the most efficient path for users who are familiar with the format of PPI time series identifiers. Up to 300 indexes can be extracted at a time. There are five alphabetic prefixes used to create unique PPI time series identifiers: WP, WD, PC, PD, and ND. Each provides the user access to a different PPI database. Adding either a “u” (not seasonally adjusted) or an “s” (seasonally adjusted) to the end of these prefixes further specifies the type of data needed. For commodity and stage-of-processing indexes, series identifiers combine a “wpu” prefix (not seasonally adjusted) or a “wps” prefix (seasonally adjusted) with a commodity code. Commodity code wps141101 wpu141101 wpusop3000 Provides data for: Passenger cars, seasonally adjusted Passenger cars, not seasonally adjusted Finished goods, not seasonally adjusted For discontinued commodity indexes, series identifiers combine a “wdu” prefix (not seasonally adjusted) or a “wds” prefix (seasonally adjusted) with a commodity code. Commodity code wds019 wdu0635 wdusi138011 Provides data for: Other farm products, seasonally adjusted Preparations, ethical (prescription), not seasonally adjusted Stainless steel mill products, not seasonally adjusted Current price indexes grouped by industry according to NAICS have series identifiers that begin with the prefix “pcu.” After the prefix, there are 12 digits (the 6-digit industry code is listed twice) followed by up to 7 alphanumeric characters identifying product detail. Dashes are used as placeholders for higher-level industry group codes. Industry-product code, current NAICS series pcu325---325--pcu336110336110 pcu621111621111411 pcu325412325412A Provides data for: Chemical manufacturing, not seasonally adjusted Automobile and light duty motor vehicle manufacturing Offices of physicians, one- and two-physician practices and single-specialty group practices, general/family practice Pharmaceutical preparation manufacturing, pharmaceuticals acting on the respiratory system Discontinued industry-product codes based on SIC combine a “pdu” prefix and “#” between the fourth and fifth characters of the product code. Series identifiers for the discontinued dataset use underscores as placeholders to complete a reference to an SIC industry group code of fewer than four digits. (All PPI industry-based indexes organized by SIC were discontinued with the introduction of NAICS.) Industry-product code, discontinued SIC series pdu28_ _# pdu331_# pdu3711#111 Provides data for: Chemicals and allied products, not seasonally adjusted Blast furnaces, steel works, and rolling and finishing mills, not seasonally adjusted Passenger cars Price indexes for discontinued series grouped by industry according to NAICS have identifiers that begin with the prefix “ndu.” After the prefix, there are 12 numeric digits (the 6-digit industry code is listed twice), and up to 7 additional alphanumeric characters that identify product detail. Dashes are used as placeholders for higher-level industry group codes. Industry-product code, discontinued NAICS series ndu212231212231 ndu2122312122312 ndu212231212231214 Provides data for: Lead ore and zinc ore mining Lead and zinc concentrates Lead concentrates • Flat Files and the FTP server are best suited for users requiring access to either a large volume of time series data or other PPI-related documentation (such as seasonal factor and relative importance tables). The FTP site can be accessed at ftp://ftp.bls.gov or directly from the links on the “Get Detailed Statistics” page or the PPI homepage. Data and documentation available for download include the following: NAICS series, current NAICS series, discontinued SIC series, discontinued Commodity series, current Commodity series, discontinued Special requests Latest news release Directory: /pub/time.series/pc /pub/time.series/nd /pub/time.series/pd /pub/time.series/wp /pub/time.series/wd /pub/special.requests/ppi /pub/news.release/ppi.txt The FTP site maintains files to help with searches and downloads. These files are centrally located in the /pub/doc directory. Within this directory, the overview.txt file contains an overview relating to all BLS data available through the FTP site. For current commodity-based PPI data, the program help file is wp.txt; for discontinued commodity series, wd.txt; for current industry-based PPI data based on NAICS, pc.txt; for industry-based SIC time series that have been discontinued, pd.txt; and for industry-based NAICS series that have been discontinued, nd.txt. Users who prefer downloading PPI datasets as individual ZIP files should go to the directory labeled /pub/time.series/compressed/tape.format/ on the FTP site. This directory includes six PPI-specific ZIP files, one for each of the PPI databases—WP, WD, PC, ND, and PD—and a ZIP file for the annual 5-year revision to historical seasonal PPIs. Other Sources of PPI Data PPI data can also be accessed via the BLS homepage (www.bls.gov). Clicking on the “Get Detailed Statistics” link at the top of the homepage calls up a chart listing all available BLS programs. The following methods are available for retrieving PPI data: Most requested statistics, create customized tables (one screen or multiple screens), and flat files. Additional sources of BLS data also are accessible from this page, including economic news releases, series report, and economy at a glance. Additional information The PPI homepage (www.bls.gov/ppi) contains additional information regarding PPI data and methodology. The top section of the homepage provides PPI news releases, both current and archived, as well as general PPI information. The “Tables Created by BLS” section found beneath the statistics section provides relative importance and seasonal factor tables. The remaining sections offer special notices and publications pertaining to PPI methodology and applications. For questions or comments regarding PPI data classification, methodology, or data availability on the Internet, call or e-mail the Section of Index Analysis and Public Information at (202) 691-7705 or ppi-info@bls.gov. 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| |Dec. 2007 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept. to|Oct. to |Nov. to | 2006 1/|2007 2/|2007 2/|2007 2/| 2006 | 2007 | Oct. | Nov. | Dec. _________________________________________________|__________|_______|_______|_______|_______|_______|________|________|________ | Finished goods...................................| 100.000 166.1 171.3 170.6 6.3 -0.4 0.1 3.2 -0.1 Finished consumer goods........................| 75.962 173.0 179.4 178.5 7.9 -.5 .1 4.0 -.1 Finished consumer foods......................| 21.547 166.3 169.4 172.0 7.4 1.5 1.0 0 1.3 Crude......................................| 2.145 146.5 177.2 197.3 15.2 11.3 11.9 -3.1 8.9 Processed..................................| 19.402 168.4 168.7 169.6 6.7 .5 -.1 .4 .5 Finished consumer goods, excluding foods.....| 54.416 175.3 182.9 180.6 8.0 -1.3 -.3 5.5 -.6 Nondurable goods less foods................| 38.512 191.8 201.6 198.5 11.0 -1.5 -.3 7.1 -.8 Durable goods..............................| 15.903 137.2 140.1 139.5 .7 -.4 -.2 .7 -.1 Capital equipment..............................| 24.038 149.0 150.8 150.6 1.3 -.1 -.1 .3 .1 Manufacturing industries.....................| 6.035 152.4 153.6 153.6 1.7 0 0 .2 .1 Nonmanufacturing industries..................| 18.002 147.8 149.7 149.5 1.3 -.1 -.1 .4 .1 | Intermediate materials, supplies, and components.| 100.000 171.5 176.5 175.3 6.8 -.7 .1 3.7 -.2 Materials and components for manufacturing.....| 44.450 163.4 166.3 166.3 5.9 0 .3 1.5 0 Materials for food manufacturing.............| 2.797 164.5 166.2 170.1 15.0 2.3 0 -.1 2.3 Materials for nondurable manufacturing.......| 14.930 185.0 195.0 195.3 13.0 .2 1.1 3.6 .1 Materials for durable manufacturing..........| 10.041 191.8 189.8 187.9 1.6 -1.0 -.4 1.1 -1.0 Components for manufacturing.................| 16.683 136.5 136.6 136.8 .4 .1 0 .1 .1 Materials and components for construction......| 13.964 193.5 192.9 193.0 1.8 .1 .1 -.1 .1 Processed fuels and lubricants.................| 18.661 175.3 191.0 184.4 17.1 -3.5 -.5 13.9 -1.4 Manufacturing industries ....................| 5.032 175.4 186.1 180.9 16.3 -2.8 -.5 10.5 -1.3 Nonmanufacturing industries..................| 13.629 175.9 193.5 186.4 17.3 -3.7 -.6 15.2 -1.5 Containers.....................................| 2.757 180.5 183.1 183.5 3.8 .2 .8 .5 .2 Supplies.......................................| 20.168 162.0 163.9 164.6 3.3 .4 .4 .7 .4 Manufacturing industries.....................| 4.108 163.4 164.3 164.9 1.5 .4 .2 .3 .4 Nonmanufacturing industries..................| 16.060 160.3 162.4 163.1 3.7 .4 .4 .7 .4 Feeds......................................| 1.273 137.8 150.6 153.7 24.6 2.1 3.9 4.7 2.1 Other supplies.............................| 14.787 163.5 164.8 165.3 2.2 .3 .2 .4 .3 | Crude materials for further processing...........| 100.000 202.8 228.4 230.5 20.6 .9 2.4 8.7 1.0 Foodstuffs and feedstuffs......................| 34.523 147.8 152.7 158.9 25.2 4.1 -1.8 2.0 4.3 Nonfood materials..............................| 65.477 237.6 279.4 277.9 17.9 -.5 4.6 12.1 -.5 Nonfood materials except fuel 3/.............| 38.277 242.2 282.8 279.0 35.4 -1.3 2.6 8.2 -1.4 Manufacturing 3/...........................| 37.730 224.9 263.1 259.5 35.9 -1.4 2.7 8.3 -1.4 Construction...............................| 0.547 201.6 195.7 196.2 .2 .3 -1.2 -1.0 .5 Crude fuel 4/................................| 27.200 211.7 251.8 253.8 -2.9 .8 8.4 18.9 .9 Manufacturing industries...................| 2.426 201.7 238.8 240.6 -2.8 .8 8.1 18.4 .9 Nonmanufacturing industries................| 24.774 216.5 257.6 259.6 -3.0 .8 8.3 19.0 .9 | Special groupings | | Finished goods, excluding foods..................|5/ 78.453 165.8 171.5 169.9 6.0 -.9 -.2 4.1 -.5 Intermediate materials less foods and feeds......|6/ 95.931 172.3 177.3 175.9 6.4 -.8 .1 3.8 -.3 Intermediate foods and feeds.....................|6/ 4.069 156.3 161.3 164.9 17.5 2.2 1.0 1.2 2.2 Crude materials less agricultural products 3/ 7/.|8/ 64.511 244.2 287.1 285.4 17.8 -.6 4.7 12.1 -.6 | Finished energy goods............................|5/ 18.857 155.6 170.5 164.7 18.4 -3.4 -.8 14.1 -1.9 Finished goods less energy.......................|5/ 81.143 162.5 164.7 165.5 3.5 .5 .3 .3 .4 Finished consumer goods less energy..............|5/ 57.105 168.4 170.9 172.0 4.3 .6 .4 .3 .6 | Finished goods less foods and energy.............|5/ 59.596 161.5 163.5 163.5 2.0 0 0 .4 .2 Finished consumer goods less foods and energy....|5/ 35.559 170.0 172.1 172.3 2.5 .1 .1 .4 .2 Consumer nondurable goods less foods and energy..|5/ 19.655 197.9 199.3 200.2 3.9 .5 .3 .3 .4 | Intermediate energy goods........................|6/ 19.208 177.0 192.3 186.0 18.6 -3.3 -.1 13.3 -1.4 Intermediate materials less energy...............|6/ 80.792 168.1 170.2 170.4 4.0 .1 .2 1.0 .1 Intermediate materials less foods and energy.....|6/ 76.723 168.8 170.8 170.8 3.3 0 .1 1.0 0 | Crude energy materials 3/........................|8/ 43.694 221.7 272.5 270.6 17.2 -.7 5.9 17.0 -.7 Crude materials less energy......................|8/ 56.202 183.8 190.0 195.1 22.0 2.7 -.6 1.1 2.7 Crude nonfood materials less energy 4/...........|8/ 21.783 284.7 294.6 294.8 16.8 .1 1.4 -.5 0 | _______________________________________________________________________________________________________________________________ 1/ 2/ 3/ 4/ Comprehensive relative importance figures are initially computed after the publication of December indexes and are recalculated after final December indexes are available. The indexes for August 2007 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. Includes crude petroleum. Excludes crude petroleum. 5/ 6/ 7/ 8/ 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 | | |Dec. 2007 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to|Nov. to | |2007 1/|2007 1/|2007 1/| 2006 | 2007 | Oct. | Nov. | Dec. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 166.1 171.3 170.6 6.3 -0.4 0.1 3.2 -0.1 | FINISHED CONSUMER GOODS...............................| 173.0 179.4 178.5 7.9 -.5 .1 4.0 -.1 | FINISHED CONSUMER FOODS..............................| 166.3 169.4 172.0 7.4 1.5 1.0 0 1.3 | | 01-11 | Fresh fruits and melons 2/..........................| 108.4 120.3 139.5 4.2 16.0 4.6 6.8 16.0 01-13 | Fresh and dry vegetables 2/.........................| 131.0 169.0 191.6 19.9 13.4 29.1 -13.2 13.4 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 124.7 177.0 193.2 56.4 9.2 -8.7 2.8 6.2 02-11 | Bakery products 2/..................................| 215.9 221.6 221.9 4.9 .1 .5 .9 .1 02-13 | Milled rice 2/......................................| 152.4 165.4 167.9 11.7 1.5 1.7 5.5 1.5 02-14-02 | Pasta products (June 1985=100) 2/...................| 134.8 142.3 145.5 12.4 2.2 2.6 2.9 2.2 02-21-01 | Beef and veal 2/....................................| 143.1 135.4 139.8 2.6 3.2 -2.1 -5.0 3.2 02-21-04 | Pork................................................| 137.6 125.2 124.4 -1.6 -.6 -3.3 2.0 -1.3 02-22-03 | Processed young chickens............................| 142.2 133.7 133.9 7.5 .1 -1.5 .8 .1 02-22-06 | Processed turkeys...................................| 115.3 124.8 114.2 8.0 -8.5 -2.7 8.7 -9.4 02-23 | Finfish and shellfish...............................| 236.3 242.6 244.8 4.9 .9 1.1 2.8 .6 02-3 | Dairy products 2/...................................| 186.9 188.4 188.7 23.7 .2 -.9 .3 .2 02-4 | Processed fruits and vegetables.....................| 157.4 158.5 160.1 3.5 1.0 1.1 -.6 .8 02-55 | Confectionery end products 2/.......................| 208.2 208.2 208.9 3.2 .3 .7 .4 .3 02-62 | Soft drinks.........................................| 168.2 170.1 169.1 2.9 -.6 2.2 -.1 -.2 02-63-01 | Roasted coffee 2/...................................| 163.4 169.0 168.8 7.7 -.1 0 3.4 -.1 02-78 | Shortening and cooking oils 2/......................| 218.5 239.4 254.9 31.9 6.5 2.5 4.8 6.5 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 175.3 182.9 180.6 8.0 -1.3 -.3 5.5 -.6 | | 02-61 | Alcoholic beverages.................................| 160.5 161.3 161.4 .4 .1 -.3 .2 .1 03-81-06 | Women's, girls', & infants' apparel (12/03=100) 2/..| 101.1 101.1 101.1 .9 0 -.1 0 0 03-81-07 | Men's and boys' apparel (Dec. 2003=100) 2/..........| 98.7 99.1 98.9 .2 -.2 .1 .2 -.2 03-82 | Textile housefurnishings 2/.........................| 125.6 126.6 126.4 1.9 -.2 .8 .3 -.2 04-3 | Footwear 2/.........................................| 151.7 152.2 152.2 1.5 0 .3 .1 0 05-41 | Residential electric power (Dec. 1990=100)..........| 142.9 139.6 140.5 5.9 .6 .2 1.0 .6 05-51 | Residential gas (Dec. 1990=100).....................| 219.2 223.0 222.2 -1.3 -.4 -2.4 -5.2 -.1 05-71 | Gasoline............................................| 216.8 257.7 237.1 37.1 -8.0 -3.1 34.8 -4.8 05-73-02-01| Home heating oil and distillates....................| 216.7 273.8 260.0 30.9 -5.0 -2.5 31.5 -.1 06-38 | Pharmaceutical preparations (June 2001=100) 2/......| 130.6 131.2 131.7 5.3 .4 0 .2 .4 06-71 | Soaps and synthetic detergents 2/...................| 144.8 146.6 146.5 1.0 -.1 -.1 .9 -.1 06-75 | Cosmetics and other toilet preparations 2/..........| 147.9 148.1 149.7 2.3 1.1 0 0 1.1 07-12 | Tires, tubes, tread, etc 2/.........................| 118.8 120.7 121.0 2.6 .2 .8 .8 .2 09-15-01 | Sanitary paper products 2/..........................| 163.1 163.3 163.5 2.0 .1 .4 .4 .1 09-31-01 | Newspaper circulation...............................| 244.8 247.3 247.2 1.8 0 -1.1 0 -.1 09-32-04 | Periodical circulation (June 2007=100) 2/...........| 99.8 99.9 100.1 (3) .2 .3 0 .2 09-33 | Book publishing 2/..................................| 286.2 288.3 288.2 2.6 0 .5 0 0 12-1 | Household furniture 2/..............................| 174.4 175.9 175.4 1.2 -.3 .3 .1 -.3 12-3 | Floor coverings 2/..................................| 156.8 157.2 158.6 1.9 .9 .3 -.1 .9 12-4 | Household appliances 2/.............................| 105.4 105.2 105.0 1.7 -.2 .4 -.4 -.2 12-5 | Home electronic equipment 2/........................| 56.7 56.7 56.7 -4.7 0 0 0 0 12-62 | Household glassware 2/..............................| 176.6 176.6 180.9 2.6 2.4 0 0 2.4 12-64 | Household flatware 2/...............................| 187.1 (3) (3) (3) (3) (3) (3) (3) 12-66 | Lawn and garden equip., ex. tractors 2/.............| 136.3 136.6 136.6 .4 0 .4 -.2 0 14-11-01 | Passenger cars......................................| 124.5 128.9 127.3 -1.4 -1.2 1.0 .6 -.9 15-11 | Toys, games, and children's vehicles 2/.............| 131.1 131.5 131.4 1.4 -.1 0 .2 -.1 15-12 | Sporting and athletic goods 2/......................| 129.9 129.9 130.2 2.7 .2 -.3 .2 .2 15-2 | Tobacco products 2/.................................| 488.5 497.6 500.4 8.6 .6 .9 -.5 .6 15-5 | Mobile homes 2/.....................................| 211.4 211.4 212.9 1.5 .7 0 -.2 .7 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 154.2 159.6 160.2 8.2 .4 .8 2.0 .4 15-94-04 | Costume jewelry and novelties 2/....................| 156.6 156.5 157.0 .3 .3 .1 0 .3 | | | CAPITAL EQUIPMENT.....................................| 149.0 150.8 150.6 1.3 -.1 -.1 .3 .1 | | 11-1 | Agricultural machinery and equipment 2/.............| 183.9 185.3 185.3 2.5 0 .7 0 0 11-2 | Construction machinery and equipment 2/.............| 179.9 180.7 180.7 2.2 0 .4 .1 0 11-37 | Metal cutting machine tools 2/......................| 165.6 166.5 166.4 1.6 -.1 .4 .2 -.1 11-38 | Metal forming machine tools 2/......................| 184.4 184.6 184.6 0 0 .2 .1 0 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 144.1 144.1 144.2 -.1 .1 .1 -.1 .1 11-41 | Pumps, compressors, and equipment 2/................| 195.7 197.1 197.6 4.4 .3 .5 .1 .3 11-44 | Industrial material handling equipment 2/...........| 162.6 163.4 163.4 3.0 0 .4 -.1 0 11-51 | Electronic computers (Dec. 2004=100) 2/.............| 48.5 45.7 45.9 -22.6 .4 -1.3 -2.4 .4 11-62 | Textile machinery 2/................................| 163.8 162.9 162.9 1.0 0 .3 .3 0 11-64 | Paper industries machinery (June 1982=100) 2/.......| 184.7 184.9 188.7 4.8 2.1 -.5 -.1 2.1 11-65 | Printing trades machinery 2/........................| 150.8 150.8 150.8 1.8 0 0 0 0 11-74 | Transformers and power regulators 2/................| 197.8 199.1 198.8 8.5 -.2 .9 1.0 -.2 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 103.1 103.1 103.3 1.2 .2 -.1 .1 .2 11-79-05 | X-ray and electromedical equipment 2/...............| 92.7 92.5 91.8 -2.9 -.8 -.2 -.1 -.8 11-91 | Oil field and gas field machinery ..................| 185.9 186.6 187.0 6.0 .2 .3 .3 -.2 11-92 | Mining machinery and equipment 2/...................| 191.8 193.5 193.5 3.9 0 -.2 .6 0 11-93 | Office and store machines and equipment 2/..........| 115.3 115.8 116.1 1.8 .3 .3 -.6 .3 12-2 | Commercial furniture 2/.............................| 181.0 181.4 183.2 2.5 1.0 .1 .3 1.0 14-11-05 | Light motor trucks..................................| 141.2 149.2 147.2 -.9 -1.3 -2.7 2.3 -.3 14-11-06 | Heavy motor trucks 2/...............................| 178.3 178.6 178.6 2.9 0 0 .2 0 14-14 | Truck trailers 2/...................................| 170.7 170.9 171.0 2.3 .1 0 -.2 .1 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 220.2 222.3 223.1 3.1 .4 .5 .1 .4 14-31 | Ships (Dec. 1985=100) 2/............................| 192.9 195.6 195.4 3.5 -.1 1.6 -.3 -.1 14-4 | Railroad equipment 2/...............................| 177.4 178.2 177.8 3.0 -.2 .7 -.1 -.2 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 171.5 176.5 175.3 6.8 -.7 .1 3.7 -.2 | | | INTERMEDIATE FOODS AND FEEDS..........................| 156.3 161.3 164.9 17.5 2.2 1.0 1.2 2.2 | | 02-12-03 | Flour 2/............................................| 178.3 214.0 240.2 59.0 12.2 5.9 -2.1 12.2 02-53 | Refined sugar and byproducts 2/.....................| 128.5 122.0 127.8 -9.7 4.8 -1.3 -2.6 4.8 02-54 | Confectionery materials.............................| 152.9 153.4 153.7 13.3 .2 .7 0 .1 02-64-01-11| Soft drink beverage bases (Dec. 1985=100) 2/........| 196.4 198.8 198.8 5.2 0 .1 1.2 0 02-9 | Prepared animal feeds 2/............................| 142.6 153.0 155.6 20.3 1.7 3.1 3.7 1.7 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 172.3 177.3 175.9 6.4 -.8 .1 3.8 -.3 | | 03-1 | Synthetic fibers 2/.................................| 114.6 115.1 115.3 0 .2 -.2 .7 .2 03-2 | Processed yarns and threads 2/......................| 118.1 118.8 119.0 3.6 .2 -.3 1.0 .2 03-3 | Gray fabrics 2/.....................................| 120.8 121.9 121.6 1.8 -.2 -.1 .3 -.2 03-4 | Finished fabrics 2/.................................| 128.7 129.1 129.4 1.6 .2 0 .4 .2 03-83-03 | Industrial textile products 2/......................| 139.3 139.6 139.6 .9 0 0 -.1 0 04-2 | Leather 2/..........................................| 231.9 232.7 232.8 2.8 0 .4 .4 0 05-32 | Liquefied petroleum gas 2/..........................| 310.0 404.6 398.6 57.0 -1.5 9.3 11.1 -1.5 ____________________________________________________________________________________________________________________________________ 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 | | |Dec. 2007 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to|Nov. to | |2007 1/|2007 1/|2007 1/| 2006 | 2007 | Oct. | Nov. | Dec. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 172.7 165.4 163.2 3.8 -1.3 -0.1 1.4 -1.1 05-43 | Industrial electric power...........................| 187.6 182.3 179.9 7.2 -1.3 .9 1.7 -1.3 05-52 | Commercial natural gas (Dec. 1990=100)..............| 229.8 235.4 236.0 -1.4 .3 -1.2 -6.0 .6 05-53 | Industrial natural gas (Dec. 1990=100)..............| 230.0 243.1 242.3 -4.6 -.3 3.9 -4.6 3.4 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 179.4 191.6 185.4 -5.4 -3.2 1.3 -.1 -3.2 05-72-03 | Jet fuels...........................................| 216.9 246.2 246.7 29.9 .2 3.2 22.2 3.4 05-73-03 | No. 2 Diesel fuel...................................| 231.2 296.7 271.9 33.9 -8.4 -4.0 35.8 -3.0 05-74 | Residual fuels 2/...................................| 185.5 194.5 200.8 38.2 3.2 -7.6 8.8 3.2 06-1 | Industrial chemicals 2/.............................| 222.6 245.8 244.4 15.9 -.6 .9 7.0 -.6 06-21 | Prepared paint......................................| 209.6 210.4 210.3 3.3 0 0 0 .4 06-22 | Paint materials 2/..................................| 215.7 223.0 217.7 7.6 -2.4 -.9 3.1 -2.4 06-31 | Medicinal and botanical chemicals 2/................| 141.7 141.8 141.6 2.1 -.1 0 .1 -.1 06-4 | Fats and oils, inedible 2/..........................| 188.8 220.1 241.0 49.5 9.5 6.3 4.4 9.5 06-51 | Mixed fertilizers...................................| 163.7 170.2 173.6 18.1 2.0 1.0 2.0 1.8 06-52-01 | Nitrogenates........................................| 227.8 241.9 253.5 31.5 4.8 -2.7 2.3 2.4 06-52-02 | Phosphates 2/.......................................| 196.0 210.9 235.3 75.9 11.6 -7.1 6.7 11.6 06-53 | Other agricultural chemicals 2/.....................| 157.7 158.6 160.3 3.1 1.1 1.0 -.5 1.1 06-6 | Plastic resins and materials 2/.....................| 198.7 209.7 208.1 10.0 -.8 .6 5.5 -.8 07-11-02 | Synthetic rubber 2/.................................| 170.7 169.8 171.3 3.1 .9 -1.2 -.1 .9 07-21 | Plastic construction products 2/....................| 179.6 179.2 180.3 .3 .6 -.3 .4 .6 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 177.8 181.7 181.9 3.7 .1 2.4 .8 .1 07-26 | Plastic parts and components for manufacturing 2/...| 130.0 130.2 130.3 -1.1 .1 0 .2 .1 08-11 | Softwood lumber 2/..................................| 174.1 158.9 157.9 -4.7 -.6 -4.4 -3.8 -.6 08-12 | Hardwood lumber 2/..................................| 192.2 190.8 188.7 -3.3 -1.1 -.1 -.2 -1.1 08-2 | Millwork............................................| 201.4 201.6 201.2 .2 -.2 .2 .3 -.1 08-3 | Plywood 2/..........................................| 181.1 177.2 177.1 7.2 -.1 -2.0 .1 -.1 09-11 | Woodpulp 2/.........................................| 163.7 165.8 167.2 11.9 .8 .6 .3 .8 09-13 | Paper 2/............................................| 168.3 171.1 172.4 1.4 .8 .2 .9 .8 09-14 | Paperboard 2/.......................................| 199.1 209.2 209.4 6.0 .1 3.4 -.4 .1 09-15-03 | Paper boxes and containers 2/.......................| 197.3 201.2 201.7 3.1 .2 1.2 .8 .2 09-2 | Building paper and board 2/.........................| 159.4 155.7 152.3 -2.2 -2.2 -3.6 3.7 -2.2 09-37 | Commercial printing (June 1982=100) 2/..............| 166.1 166.1 166.5 .4 .2 0 -.1 .2 10-15 | Foundry and forge shop products 2/..................| 172.3 172.0 171.7 2.9 -.2 .1 -.2 -.2 10-17 | Steel mill products 2/..............................| 183.4 179.3 180.8 1.0 .8 -1.8 2.3 .8 10-22 | Primary nonferrous metals 2/........................| 271.9 282.3 258.3 4.0 -8.5 2.8 2.5 -8.5 10-25-01 | Aluminum mill shapes 2/.............................| 188.8 183.1 182.7 -1.7 -.2 -1.6 .7 -.2 10-25-02 | Copper and brass mill shapes 2/.....................| 423.0 404.3 386.7 -3.8 -4.4 .5 -4.9 -4.4 10-26 | Nonferrous wire and cable 2/........................| 251.5 242.9 234.9 .2 -3.3 4.3 -5.7 -3.3 10-3 | Metal containers 2/.................................| 134.1 134.0 134.1 5.7 .1 0 -.1 .1 10-4 | Hardware 2/.........................................| 180.6 180.5 179.9 1.9 -.3 -.1 -.1 -.3 10-5 | Plumbing fixtures and brass fittings................| 221.9 220.2 220.2 3.1 0 -.8 -.5 0 10-6 | Heating equipment 2/................................| 196.1 197.2 197.2 3.2 0 .3 .2 0 10-7 | Fabricated structural metal products 2/.............| 188.2 189.1 190.1 2.6 .5 0 .3 .5 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 168.6 168.2 169.3 3.5 .7 -.1 .7 .7 10-89 | Other misc. metal products 2/.......................| 145.5 145.8 145.8 2.4 0 -.1 1.4 0 11-45 | Mechanical power transmission equipment.............| 205.6 208.1 208.5 3.1 .2 1.0 .6 .2 11-48 | Air conditioning and refrigeration equipment 2/.....| 157.3 158.0 159.1 3.9 .7 -.3 .3 .7 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 229.3 230.6 230.8 6.8 .1 .6 -.1 .1 11-49-05 | Ball and roller bearings 2/.........................| 202.6 204.9 205.3 5.2 .2 .1 .9 .2 11-71 | Wiring devices 2/...................................| 195.9 196.8 197.3 4.1 .3 0 .3 .3 11-73 | Motors, generators, motor generator sets 2/.........| 173.9 174.5 174.4 3.2 -.1 .1 .2 -.1 11-75 | Switchgear, switchboard, etc., equipment 2/.........| 186.9 190.7 190.8 3.5 .1 -1.0 .2 .1 11-78 | Electronic components and accessories 2/............| 80.8 79.2 79.5 -11.4 .4 0 -2.0 .4 11-94 | Internal combustion engines 2/......................| 155.1 155.1 155.2 1.5 .1 -.3 0 .1 11-95 | Machine shop products 2/............................| 159.4 159.5 161.9 2.4 1.5 -.1 0 1.5 13-11 | Flat glass 2/.......................................| 114.1 113.3 113.6 -.6 .3 -1.4 .1 .3 13-22 | Cement..............................................| 209.7 208.9 208.8 3.5 0 -.1 .9 .7 13-3 | Concrete products...................................| 204.0 204.4 204.7 3.3 .1 0 .3 .4 13-6 | Asphalt felts and coatings..........................| 147.0 141.9 143.1 -2.5 .8 .6 -2.6 2.1 13-7 | Gypsum products 2/..................................| 216.0 208.6 206.8 -22.2 -.9 -4.7 -1.3 -.9 13-8 | Glass containers....................................| 163.4 165.1 165.1 6.3 0 .3 .1 -.1 14-12 | Motor vehicle parts 2/..............................| 118.3 118.3 118.2 .8 -.1 -.1 0 -.1 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 179.5 180.0 180.0 3.3 0 .8 .2 .1 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 158.1 159.1 159.1 .9 0 -.1 .6 0 15-42 | Photographic supplies 2/............................| 123.8 122.3 124.1 2.1 1.5 -1.2 .2 1.5 15-6 | Medical/surgical/personal aid devices...............| 163.0 163.2 163.4 1.1 .1 -.1 .2 -.1 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 202.8 228.4 230.5 20.6 .9 2.4 8.7 1.0 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 147.8 152.7 158.9 25.2 4.1 -1.8 2.0 4.3 | | 01-21 | Wheat 2/............................................| 172.9 220.2 270.0 112.3 22.6 7.4 -4.3 22.6 01-22-02 | Corn 2/.............................................| 126.0 144.8 165.7 21.5 14.4 .5 16.0 14.4 01-31 | Slaughter cattle 2/.................................| 134.2 134.2 134.8 8.2 .4 -1.4 -.4 .4 01-32 | Slaughter hogs......................................| 84.9 58.6 64.4 -12.4 9.9 -11.9 -7.9 9.5 01-41-02 | Slaughter broilers/fryers 2/........................| 203.5 187.1 177.6 9.3 -5.1 -11.0 -.8 -5.1 01-42 | Slaughter turkeys...................................| 170.9 183.8 162.8 23.7 -11.4 -.9 -3.5 -2.8 01-6 | Fluid milk..........................................| 161.7 162.4 162.5 53.7 .1 -5.1 1.4 -.8 01-83-01-31| Soybeans 2/.........................................| 128.5 173.2 192.5 76.8 11.1 4.1 14.5 11.1 02-52-01-03| Cane sugar, raw (Dec. 2003=100) 2/..................| 121.1 118.0 116.7 -.2 -1.1 -1.2 -1.8 -1.1 | | | CRUDE NONFOOD MATERIALS..............................| 237.6 279.4 277.9 17.9 -.5 4.6 12.1 -.5 | | 01-51 | Raw cotton 2/.......................................| 74.8 90.0 95.3 16.1 5.9 1.8 1.6 5.9 04-1 | Hides and skins 2/..................................| 201.7 196.8 195.2 -5.9 -.8 -1.2 -1.0 -.8 05-1 | Coal................................................| 130.5 131.2 131.6 3.3 .3 -.5 .5 1.4 05-31 | Natural gas 2/......................................| 241.3 293.4 296.1 -3.6 .9 9.7 21.6 .9 05-61 | Crude petroleum 2/..................................| 197.9 254.0 248.0 52.4 -2.4 3.7 15.5 -2.4 08-5 | Logs, timber, etc 2/................................| 213.7 207.2 207.6 -3.4 .2 -1.7 -1.2 .2 09-12 | Wastepaper..........................................| 388.7 416.0 403.0 55.5 -3.1 4.9 1.5 -3.1 10-11 | Iron ore 2/.........................................| 129.6 129.5 129.5 1.3 0 -.1 0 0 10-12 | Iron and steel scrap................................| 393.2 403.2 424.4 30.4 5.3 -.7 -7.6 5.7 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 253.1 275.3 260.4 15.1 -5.4 4.8 3.4 -5.4 10-23-01 | Copper base scrap 2/................................| 507.3 491.0 473.0 1.2 -3.7 4.8 -6.4 -3.7 10-23-02 | Aluminum base scrap.................................| 267.7 269.3 264.4 -5.8 -1.8 .7 1.5 -3.2 13-21 | Construction sand, gravel, and crushed stone........| 234.3 236.5 237.4 8.6 .4 .3 1.1 .9 13-99-01 | Industrial sand.....................................| 191.1 193.2 202.3 9.2 4.7 .3 .2 4.4 ____________________________________________________________________________________________________________________________________ 1/ The indexes for August 2007 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 | Aug. 2007 | Nov. 2007 | Dec. 2007 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 466.1 | 480.7 | 478.7 | | All commodities................................| 172.4 | 179.4 | 178.6 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 157.8 | 162.1 | 166.1 | 01 | Farm products................................| 140.4 | 150.6 | 159.6 | 02 | Processed foods and feeds....................| 166.6 | 167.9 | 169.4 | | | | | | | Industrial commodities.........................| 174.9 | 182.3 | 180.7 | 03 | Textile products and apparel.................| 126.2 | 126.7 | 126.7 | 04 | Hides, skins, leather, and related products..| 172.6 | 172.0 | 171.8 | 05 | Fuels and related products and power.........| 176.3 | 198.4 | 192.6 | 06 | Chemicals and allied products 2/.............| 215.0 | 224.6 | 225.2 | 07 | Rubber and plastic products..................| 155.7 | 156.6 | 157.1 | 08 | Lumber and wood products.....................| 193.2 | 189.7 | 189.4 | 09 | Pulp, paper, and allied products.............| 217.6 | 220.4 | 220.5 | 10 | Metals and metal products....................| 195.5 | 195.2 | 194.3 | 11 | Machinery and equipment......................| 127.0 | 127.1 | 127.5 | 12 | Furniture and household durables.............| 144.5 | 144.9 | 145.3 | 13 | Nonmetallic mineral products.................| 186.3 | 186.0 | 186.2 | 14 | Transportation equipment.....................| 154.2 | 157.1 | 156.5 | 15 | Miscellaneous products.......................| 209.7 | 211.6 | 212.2 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 171.1 | 173.1 | 173.2 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 130.5 | 155.0 | 174.2 | 01-2 | Grains.........................................| 136.5 | 162.6 | 189.4 | 01-3 | Slaughter livestock............................| 122.2 | 116.3 | 118.2 | 01-4 | Slaughter poultry..............................| 194.2 | 183.5 | 172.1 | 01-5 | Plant and animal fibers........................| 75.7 | 90.7 | 96.1 | 01-7 | Chicken eggs...................................| 156.0 | 219.7 | 240.3 | 01-8 | Hay, hayseeds, and oilseeds....................| 162.3 | 201.1 | 217.8 | 01-83 | Oilseeds.......................................| 141.2 | 188.4 | 208.1 | 02-1 | Cereal and bakery products.....................| 196.5 | 205.4 | 209.6 | 02-2 | Meats, poultry, and fish.......................| 145.6 | 139.7 | 140.9 | 02-22 | Processed poultry..............................| 135.7 | 131.6 | 130.4 | 02-5 | Sugar and confectionery........................| 169.2 | 168.0 | 169.3 | 02-6 | Beverages and beverage materials...............| 165.7 | 167.3 | 167.0 | 02-63 | Packaged beverage materials....................| 162.3 | 166.8 | 166.7 | 02-7 | Fats and oils..................................| 210.1 | 234.1 | 248.9 | 03-81 | Apparel........................................| 127.0 | 127.3 | 127.2 | 04-4 | Other leather and related products.............| 156.7 | 156.7 | 156.7 | 05-3 | Gas fuels......................................| 253.8 | 315.4 | 315.9 | 05-4 | Electric power.................................| 173.4 | 168.2 | 167.3 | 05-7 | Refined petroleum products.....................| 213.0 | 252.8 | 237.3 | 06-3 | Drugs and pharmaceuticals......................| 325.7 | 327.1 | 328.0 | 06-5 | Agricultural chemicals and products............| 184.1 | 192.1 | 201.8 | 06-7 | Other chemicals and allied products............| 162.1 | 164.4 | 165.7 | 07-1 | Rubber and rubber products.....................| 141.1 | 142.0 | 142.6 | 07-11 | Rubber, except natural rubber..................| 169.8 | 169.0 | 170.4 | 07-13 | Miscellaneous rubber products..................| 155.4 | 155.7 | 156.3 | 07-2 | Plastic products...............................| 166.3 | 167.3 | 167.9 | 08-1 | Lumber.........................................| 176.8 | 167.3 | 165.9 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 186.9 | 191.4 | 191.6 | 09-15 | Converted paper and paperboard products........| 188.0 | 191.1 | 191.6 | 10-1 | Iron and steel.................................| 200.5 | 198.5 | 201.2 | 10-2 | Nonferrous metals..............................| 247.5 | 247.7 | 239.7 | 10-25 | Nonferrous mill shapes.........................| 222.6 | 214.3 | 210.6 | 11-3 | Metalworking machinery and equipment...........| 164.6 | 164.7 | 165.1 | 11-4 | General purpose machinery and equipment........| 184.7 | 185.6 | 186.2 | 11-6 | Special industry machinery.....................| 182.9 | 183.7 | 183.8 | 11-7 | Electrical machinery and equipment.............| 113.1 | 112.8 | 113.1 | 11-9 | Miscellaneous machinery and equipment..........| 154.9 | 155.4 | 156.4 | 12-6 | Other household durable goods..................| 169.5 | 169.8 | 169.8 | 13-2 | Concrete ingredients...........................| 221.4 | 222.5 | 223.0 | 14-1 | Motor vehicles and equipment...................| 130.9 | 134.1 | 133.2 | 15-1 | Toys, sporting goods, small arms, etc..........| 141.0 | 141.6 | 141.8 | 15-4 | Photographic equipment and supplies............| 109.9 | 108.8 | 110.1 | 15-9 | Other miscellaneous products...................| 155.1 | 157.7 | 158.0 | __________________________________________________________|___________|___________|___________| 1/ 2/ Data for August 2007 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 selected industries and industry groups, not seasonally adjusted __________________________________________________________________________________________________________________ | | | Index | Percent change Industry | Industry 1/ |Index|_______________________|to_Dec._2007_from: code | |base | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. | | |2007 2/|2007 2/|2007 2/| 2006 | 2007 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining, utilities, and manufacturing | | | industries.................................. |12/06| 104.2 106.8 106.2 6.2 -0.6 | | | |Total mining industries...................... |12/84| 212.5 253.8 251.4 18.5 -.9 211 | Oil and gas extraction...................... |12/85| 254.1 320.6 317.5 23.9 -1.0 212 | Mining (except oil & gas)................... |12/03| 160.8 165.6 163.5 8.5 -1.3 213 | Mining support activities................... |12/03| 168.6 168.8 168.4 -3.9 -.2 | | | 221 | Utilities................................... |12/03| 130.8 127.8 127.5 3.7 -.2 | | | |Total manufacturing industries............... |12/84| 163.0 167.9 166.7 6.2 -.7 311 | Food mfg.................................... |12/84| 160.3 161.3 162.9 8.7 1.0 312 | Beverage & tobacco mfg...................... |12/03| 109.9 111.2 111.2 4.0 0 313 | Textile mills............................... |12/03| 108.6 109.5 109.6 2.6 .1 314 | Textile product mills....................... |12/03| 109.7 110.1 110.5 1.4 .4 315 | Apparel manufacturing....................... |12/03| 101.5 101.9 101.7 .9 -.2 316 | Leather and allied product manufacturing.... |12/84| 149.9 150.5 150.6 2.0 .1 321 | Wood product manufacturing.................. |12/03| 107.8 106.1 105.9 -.1 -.2 322 | Paper manufacturing......................... |12/03| 115.6 117.8 118.1 3.3 .3 323 | Printing and related support activities..... |12/03| 106.8 107.3 107.6 1.2 .3 324 | Petroleum and coal products manufacturing... |12/84| 258.0 305.1 286.9 32.5 -6.0 325 | Chemical mfg................................ |12/84| 204.9 208.8 210.6 6.9 .9 326 | Plastics and rubber products mfg............ |12/84| 151.3 152.3 152.9 1.5 .4 327 | Nonmetallic mineral product manufacturing... |12/84| 166.5 166.3 166.6 1.2 .2 331 | Primary metal mfg........................... |12/84| 192.1 189.3 188.6 1.1 -.4 332 | Fabricated metal product mfg................ |12/84| 162.9 163.6 164.0 3.1 .2 333 | Machinery manufacturing..................... |12/03| 112.3 112.7 113.0 2.5 .3 334 | Computer & electronic product mfg........... |12/03| 93.5 92.8 92.8 -3.5 0 335 | Electrical equipment and appliance mfg..... |12/03| 123.6 124.2 123.9 3.9 -.2 336 | Transportation equipment manufacturing...... |12/03| 104.2 106.4 105.9 1.0 -.5 337 | Furniture & related product mfg............. |12/84| 165.7 166.4 166.6 1.8 .1 339 | Miscellaneous mfg........................... |12/03| 107.0 107.6 107.7 2.2 .1 | | | |Total trade industries....................... |12/06| 104.4 104.3 105.9 5.9 1.5 | | | |Total wholesale trade industries............. |12/06| 104.0 103.2 102.9 2.9 -.3 423 | Merchant wholesalers, durable goods......... |06/04| 111.2 109.6 113.9 5.9 3.9 424 | Merchant wholesalers, nondurable goods...... |06/05| 114.3 114.1 107.7 -1.0 -5.6 425 | Wholesale trade agents and brokers.......... |06/05| 106.7 107.1 108.7 5.2 1.5 | | | |Total retail trade industries................ |12/06| 104.7 105.2 108.1 8.1 2.8 441 | Motor vehicle and parts dealers............. |12/03| 114.9 116.1 115.5 2.9 -.5 442 | Furniture and home furnishings stores....... |12/03| 119.6 121.2 120.7 4.4 -.4 443 | Electronics and appliance stores............ |12/03| 109.8 106.4 106.8 14.0 .4 444 | Bldg material and garden equip and supp | | | dealers.................................... |12/03| 120.8 117.5 118.5 .3 .9 445 | Food and beverage stores.................... |12/99| 140.1 139.9 139.6 3.6 -.2 446 | Health and personal care stores............. |12/03| 124.3 123.9 124.1 3.8 .2 447 | Gasoline stations........................... |06/01| 71.3 72.8 102.7 95.6 41.1 448 | Clothing and clothing accessories stores.... |12/03| 106.8 110.0 107.4 1.5 -2.4 451 | Sporting goods, hobby, book and music stores |12/03| 106.1 107.4 106.5 7.3 -.8 452 | General merchandise stores.................. |12/03| 112.3 110.9 112.8 6.6 1.7 454 | Nonstore retailers.......................... |12/03| 128.3 127.9 131.1 .7 2.5 | | | |Transportation and warehousing industries.... |12/06| 105.4 106.2 106.3 6.3 .1 | | | |Transportation industries.................... |12/06| 104.6 105.5 105.2 5.2 -.3 481 | Air transportation.......................... |12/92| 189.1 187.8 183.7 6.8 -2.2 482 | Rail transportation......................... |12/96| 142.6 146.0 148.4 9.5 1.6 483 | Water transportation........................ |12/03| 114.7 114.2 114.4 2.7 .2 484 | Truck transportation........................ |12/03| 115.5 117.3 117.7 3.7 .3 486110 | Pipeline transportation of crude oil........ |06/86| 141.4 141.4 141.4 3.2 0 486910 | Refined petroleum product pipeline | | | transport.................................. |06/86| 134.2 134.1 134.3 6.7 .1 488 | Transportation support activities........... |12/03| 109.6 110.2 110.5 4.0 .3 | | | |Delivery and warehouse industries............ |12/06| 107.6 108.2 109.2 9.2 .9 491 | Postal service.............................. |06/89| 175.5 175.5 175.5 6.6 0 492 | Couriers and messengers..................... |12/03| 132.2 133.8 136.3 13.3 1.9 493 | Warehousing and storage..................... |12/06| 101.9 101.9 103.0 3.0 1.1 __________________________________________________________________________________________________________________ Table 4. Producer price indexes for the net output of selected industries and industry groups, not seasonally adjusted -- Continued __________________________________________________________________________________________________________________ | | | Index | Percent change Industry | Industry 1/ |Index|_______________________|to_Dec._2007_from: code | |base | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. | | |2007 2/|2007 2/|2007 2/| 2006 | 2007 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total traditional service industries......... |12/06| 101.9 102.4 101.5 1.5 -0.9 | | | |Information.................................. |12/06| 101.0 101.2 101.0 1.0 -.2 511 | Publishing industries, except Internet...... |12/03| 108.4 108.6 108.5 1.4 -.1 515 | Broadcasting, except Internet............... |12/03| 98.7 102.1 101.2 -2.5 -.9 517 | Telecommunications.......................... |12/03| 101.3 101.3 100.9 1.2 -.4 5181 | ISPs and Web search portals................. |06/04| 72.5 72.3 72.1 -.8 -.3 5182 | Data processing and related services........ |12/03| 100.4 100.4 100.4 .5 0 | | | |Selected health care industries.............. |12/06| 102.2 103.6 103.5 3.5 -.1 6211 | Offices of physicians....................... |12/96| 122.2 123.0 122.9 4.2 -.1 6215 | Medical and diagnostic laboratories......... |12/03| 107.7 107.5 107.8 3.1 .3 6216 | Home health care services................... |12/96| 123.9 125.0 124.9 2.1 -.1 621991 | Blood and organ banks....................... |06/06| 103.8 104.5 104.3 3.3 -.2 622 | Hospitals................................... |12/92| 158.0 161.4 160.9 3.1 -.3 6231 | Nursing care facilities..................... |12/03| 115.7 115.5 116.2 4.9 .6 62321 | Residential mental retardation facilities... |12/03| 113.2 113.4 114.3 3.9 .8 | | | |Other selected traditional service | | | industries.................................. |12/06| 102.1 102.2 100.9 .9 -1.3 5221 | Depository credit intermediation............ |12/03| 115.9 116.2 107.6 -4.9 -7.4 523 | Security, commodity contracts and like | | | activity................................... |12/03| 120.4 121.5 122.1 5.2 .5 524 | Insurance carriers and related activities... |12/03| 107.7 107.8 108.0 1.0 .2 53112 | Lessors of nonres bldg (exc miniwarehouse).. |12/03| 107.9 107.7 109.8 1.7 1.9 53113 | Lessors of miniwarehouse and self storage | | | units...................................... |12/03| 113.8 110.9 109.9 .9 -.9 5312 | Offices of real estate agents and brokers... |12/03| 111.1 110.5 109.8 -.8 -.6 5321 | Automotive equipment rental and leasing..... |06/01| 122.3 119.1 117.8 -3.0 -1.1 532412 | Other heavy machinery rental and leasing.... |12/03| 118.1 118.6 118.9 .9 .3 5411 | Legal services.............................. |12/96| 153.8 155.2 155.0 5.5 -.1 5413 | Architectural, engineering and related | | | services................................... |12/96| 140.8 140.5 141.0 3.4 0.4 5416 | Management and technical consulting services |06/06| 102.4 103.4 103.1 2.2 -.3 54181 | Advertising agencies........................ |12/03| 105.1 105.1 105.1 .4 0 5613 | Employment services......................... |12/96| 121.9 122.3 122.2 1.2 -.1 56151 | Travel agencies............................. |12/03| 101.0 101.3 101.2 2.1 -.1 56172 | Janitorial services......................... |12/03| 105.5 105.8 106.1 1.2 .3 5621 | Waste collection............................ |12/03| 107.9 109.6 107.7 1.6 -1.7 61142 | Computer training........................... |06/06| 104.1 104.5 104.5 4.0 0 71311 | Amusement and theme parks................... |06/06| 106.8 106.2 108.2 6.2 1.9 71391 | Golf courses and country clubs.............. |12/05| 104.7 104.4 104.3 2.0 -.1 71394 | Fitness and recreational sports centers..... |12/04| 99.8 100.6 101.1 3.1 .5 721 | Accommodation............................... |12/96| 147.2 144.1 143.8 5.7 -.2 8113 | Commercial machinery repair and maintenance. |06/06| 102.2 102.2 103.7 3.0 1.5 __________________________________________________________________________________________________________________ 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 August 2007 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. Note: NAICS replaced the SIC system beginning with the release of PPI data for January 2004. Table 5. Producer price indexes by stage of processing, seasonally adjusted (1982=100) _____________________________________________________________________________________________________________ | | Index 1/ |_____________________________________________________ Grouping | | | | | | | July | Aug. | Sep. | Oct. | Nov. | Dec. | 2007 | 2007 | 2007 | 2007 | 2007 | 2007 _______________________________________________________|________|________|________|________|________|_______ | Finished goods...................................| 167.9 165.5 167.2 167.3 172.6 172.5 Finished consumer goods........................| 175.2 172.0 174.2 174.4 181.3 181.1 Finished consumer foods......................| 166.2 165.9 167.8 169.4 169.4 171.6 Crude......................................| 157.0 148.2 160.1 179.2 173.7 189.1 Processed..................................| 167.2 167.8 168.7 168.5 169.1 169.9 Finished consumer goods, excluding foods.....| 178.4 174.1 176.4 175.9 185.6 184.4 Nondurable goods less foods................| 195.5 189.4 192.9 192.4 206.1 204.5 Durable goods..............................| 139.0 138.7 138.4 138.1 139.0 138.8 Capital equipment..............................| 149.8 149.7 149.8 149.7 150.2 150.3 Manufacturing industries.....................| 152.7 152.7 153.0 153.0 153.3 153.5 Nonmanufacturing industries..................| 148.7 148.6 148.6 148.4 149.0 149.1 | Intermediate materials, supplies, and components.| 172.7 170.5 171.2 171.4 177.7 177.3 Materials and components for manufacturing.....| 164.4 163.4 163.4 163.9 166.4 166.4 Materials for food manufacturing.............| 162.8 163.8 166.9 166.9 166.7 170.5 Materials for nondurable manufacturing.......| 187.1 185.1 186.4 188.4 195.1 195.2 Materials for durable manufacturing..........| 195.1 191.9 188.8 188.0 190.0 188.1 Components for manufacturing.................| 136.4 136.6 136.6 136.6 136.7 136.9 Materials and components for construction......| 193.3 193.4 193.2 193.3 193.2 193.4 Processed fuels and lubricants.................| 178.8 170.6 173.4 172.5 196.4 193.6 Manufacturing industries.....................| 176.1 170.2 173.8 172.9 191.0 188.5 Nonmanufacturing industries..................| 180.5 171.3 173.9 172.9 199.2 196.2 Containers.....................................| 180.2 180.6 180.8 182.3 183.2 183.6 Supplies.......................................| 161.9 162.0 162.2 162.8 163.9 164.6 Manufacturing industries.....................| 163.0 163.4 163.5 163.8 164.3 164.9 Nonmanufacturing industries..................| 160.3 160.3 160.5 161.2 162.4 163.1 Feeds......................................| 138.5 137.8 138.5 143.9 150.6 153.7 Other supplies.............................| 163.4 163.5 163.7 164.1 164.8 165.3 | Crude materials for further processing...........| 210.5 203.0 204.8 209.7 227.9 230.2 Foodstuffs and feedstuffs......................| 150.2 147.8 151.4 148.7 151.7 158.2 Nonfood materials..............................| 249.5 238.0 238.2 249.2 279.4 278.0 Nonfood materials except fuel 2/.............| 243.9 242.6 254.4 261.1 282.6 278.7 Manufacturing 2/...........................| 226.4 225.2 236.3 242.7 262.9 259.2 Construction...............................| 202.2 201.6 200.9 198.5 196.5 197.4 Crude fuel 3/................................| 237.1 212.2 195.7 212.1 252.1 254.4 Manufacturing industries...................| 225.2 202.2 187.0 202.1 239.2 241.4 Nonmanufacturing industries................| 242.5 216.9 200.1 216.8 257.9 260.2 | Special groupings | | Finished goods, excluding foods..................| 168.1 165.2 166.8 166.4 173.2 172.4 Intermediate materials less foods and feeds......| 173.6 171.3 171.9 172.0 178.6 178.0 Intermediate foods and feeds.....................| 155.3 155.8 158.1 159.7 161.6 165.2 Crude materials less agricultural products 2/....| 256.5 244.7 244.5 256.0 287.1 285.5 | Finished energy goods............................| 162.3 151.5 157.1 155.8 177.8 174.4 Finished goods less energy.......................| 162.9 162.9 163.4 163.9 164.4 165.1 Finished consumer goods less energy..............| 168.7 168.7 169.4 170.1 170.6 171.6 | Finished goods less foods and energy.............| 162.1 162.2 162.3 162.3 162.9 163.2 Finished consumer goods less foods and energy....| 170.4 170.7 170.8 170.9 171.6 172.0 Consumer nondurable goods less foods and energy..| 197.1 197.9 198.2 198.8 199.4 200.2 | Intermediate energy goods........................| 180.1 172.5 174.6 174.4 197.6 194.9 Intermediate materials less energy...............| 168.7 168.1 168.3 168.6 170.3 170.5 Intermediate materials less foods and energy.....| 169.6 168.9 169.0 169.2 170.9 170.9 | Crude energy materials 2/........................| 236.9 221.9 220.1 233.0 272.7 270.9 Crude materials less energy......................| 185.8 184.1 188.2 187.0 189.1 194.3 Crude nonfood materials less energy 3/...........| 284.7 285.7 291.4 295.6 294.1 294.0 _____________________________________________________________________________________________________________ 1/ 2/ 3/ All seasonally adjusted indexes are subject to change up to 5 years after original publication due to the recalculation of seasonal factors each January. The indexes for August 2007 have been recalculated to incorporate late reports and corrections by respondents. Includes crude petroleum. Excludes crude petroleum.
@FedFRASER