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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 08-0379 TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (EDT), TUESDAY MARCH 18, 2008 Producer Price Indexes – February 2008 The Producer Price Index for Finished Goods rose 0.3 percent in February, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 1.0percent advance in January and a 0.3-percent decline in December. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 0.8 percent in February subsequent to a 1.4-percent advance in January, and the crude goods index rose 3.7 percent after climbing 2.5 percent in the prior month. (See table A.) Table A. Monthly and annual percent changes in selected stage-of-processing price indexes, seasonally adjusted Finished goods Month 2007 Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total Foods Energy 1.2 .9 .7 .6 .1 .5 -.8 .5 .5 2.6 -.3 1.6 1.5 .5 -.7 -.2 -.1 0 1.1 r 1.3 r -.3 1.4 3.2 3.2 2.6 2.9 -.3 2.2 -4.2 1.2 r 1.1 r 11.7 -3.0 Change in InterExcept finished goods foods and from 12 months mediate goods energy ago (unadj.) 0.4 -.1 .2 .2 .2 .2 .1 .1 .1 r .2 .2 2.4 3.1 3.2 3.9 3.3 4.2 2.3 4.4 6.1 7.2 6.3 0.8 1.0 1.1 1.0 .4 .7 -.9 0 r .6 3.1 -.2 Crude goods 9.0 2.5 1.0 1.0 .8 .3 -3.5 .9 r 4.0 r 8.2 1.1 2008 Jan. 1.0 1.7 1.5 .4 7.4 1.4 2.5 Feb. .3 -.5 .8 .5 6.4 .8 3.7 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for October 2007 have been revised to reflect the availability of late reports and corrections by respondents. -2Within finished goods, the index for energy goods increased 0.8 percent in February compared with a 1.5-percent gain in the previous month. Prices for consumer foods declined 0.5 percent following a 1.7-percent rise in January. By contrast, slightly counteracting the deceleration in finished goods prices, the index for finished goods other than foods and energy moved up 0.5 percent in February after increasing 0.4 percent a month earlier. Before seasonal adjustment, the Producer Price Index for Finished Goods increased 0.2 percent in February to 172.2 (1982 = 100). From February 2007 to February 2008, finished goods prices advanced 6.4 percent. Over the same period, the index for finished energy goods increased 19.6 percent, prices for finished consumer foods rose 6.0 percent, and the index for finished goods other than foods and energy climbed 2.4 percent. For the 12 months ended February 2008, prices received by intermediate goods producers increased 8.8 percent, and the crude goods index surged 24.6 percent. Finished goods The index for finished energy goods increased 0.8 percent in February after rising 1.5 percent in January. The index for unleaded mid-premium gasoline increased 2.8 percent in February subsequent to a 4.3percent advance in the prior month. Diesel fuel prices also moved up less than a month earlier. Prices for liquefied petroleum gas and home heating oil turned down in February. By contrast, partially offsetting the deceleration in finished energy goods prices, the index for residential natural gas rose 5.7 percent following a 0.7-percent gain in January. Prices for both unleaded regular and premium grade gasoline also advanced at faster rates compared with a month earlier. The index for residential electric power declined less than it had in the preceding month. Table B. Monthly and annual percent changes in selected price indexes for intermediate goods and crude goods, seasonally adjusted Intermediate goods Month 2007 Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Foods Energy 3.0 1.7 .9 0 1.9 .7 .4 1.3 r 1.2 r 1.3 2.3 3.5 3.1 1.9 2.8 .7 2.0 -2.9 -.5 r 1.3 r 11.2 -1.6 Crude goods Change in intermediate Except goods from foods and 12 months ago (unadj.) energy 0.0 .4 .8 .5 .3 .4 -.4 .1 r .4 r .8 0 2.2 3.3 3.7 3.8 3.6 4.2 2.4 4.1 r 5.7 8.1 6.8 Foods Energy 6.9 2.3 1.3 .8 -.1 1.1 -1.6 2.7 r -.2 r 2.8 4.6 14.3 .3 .8 3.0 2.2 -.5 -6.4 -.8 r 8.2 r 14.6 -.7 Change in crude goods Except from 12 foods and months ago (unadj.) energy 3.6 6.9 1.1 -1.8 -.3 .7 .6 2.2 r 1.5 r .7 .2 7.7 13.3 11.6 11.3 15.5 12.9 6.1 11.3 r 26.8 22.4 20.6 2008 Jan. 3.3 2.8 .8 8.8 2.7 1.8 4.0 31.3 Feb. 2.3 1.1 .6 8.8 .7 5.6 3.3 24.6 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for October 2007 have been revised to reflect the availability of late reports and corrections by respondents. -3The index for finished consumer foods fell 0.5 percent in February after moving up 1.7 percent in January. Prices for fresh and dry vegetables declined 15.7 percent subsequent to a 1.0-percent decrease a month earlier. The dairy products index also fell more than it had in January. Prices for fresh fruits and melons, processed young chickens, and pork turned down in February. The indexes for beef and veal, frozen specialties, bakery products, soft drinks, and eggs for fresh use advanced at slower rates compared with the prior month. By contrast, prices for roasted coffee increased 4.4 percent following no change in January. (See table 2.) The index for finished goods other than foods and energy moved up 0.5 percent subsequent to a 0.4percent increase in January. In February, higher prices for pharmaceutical preparations, light motor trucks, passenger cars, alcoholic beverages, sanitary papers and health products, pet food, civilian aircraft, communication and related equipment, turbine and turbine generator sets, and for medical and surgical equipment and devices more than offset lower prices for newspaper circulation. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components advanced 0.8 percent in February following a 1.4-percent increase in January. Prices for intermediate energy goods, materials for nondurable manufacturing, and intermediate foods and feeds rose less in February than they had a month earlier. By contrast, partially offsetting the deceleration in intermediate goods prices, the indexes for materials for durable manufacturing and for materials and components for construction increased more than they had in January. Prices for intermediate materials less foods and energy climbed 0.6 percent in February compared with a 0.8-percent gain in the preceding month. (See table B.) The index for intermediate energy goods increased 1.1 percent in February after rising 2.8 percent in January. Diesel fuel prices advanced 0.9 percent in February following a 5.9-percent jump in the prior month. The finished lubricants index also moved up less than it had in January. Prices for jet fuel, liquefied petroleum gas, home heating oil, and residual fuel turned down in February. Conversely, the utility natural gas index climbed 6.8 percent after inching up 0.1 percent in January. Electric power prices fell less in February than they had a month earlier. (See table 2.) The index for materials for nondurable manufacturing rose 0.9 percent in February following a 2.2percent jump in January. Prices for plastic resins and materials increased 0.3 percent in February after climbing 1.6 percent in the previous month. The index for industrial chemicals declined 0.2 percent following a 2.4percent advance in January, and phosphate prices also turned down in February. The indexes for paper, synthetic rubber, and finished fabrics moved up less than they had in January. Conversely, the nitrogenates index surged 14.3 percent in February after rising 2.9 percent a month earlier. Prices for medicinal and botanical chemicals and for synthetic fibers advanced following January decreases. The index for intermediate foods and feeds rose 2.3 percent in February after moving up 3.3 percent in January. Prices for beef and veal increased 0.6 percent in February compared with a 3.6-percent advance in the preceding month. The indexes for confectionery materials, prepared animal feeds, and shortening and cooking oils also rose less than they had in January. Prices for fluid milk products and processed young chickens turned down in February. By contrast, the flour index surged 15.2 percent following a 3.3-percent increase in January. Prices for malt and malt byproducts also climbed at faster rates in February, and the index for refined sugar and byproducts advanced after falling in January. -4Prices for materials for durable manufacturing jumped 1.6 percent in February following a 0.6-percent rise in January. The index for aluminum extrusion billet surged 10.1 percent in February after advancing 0.5 percent a month earlier. The indexes for hot rolled steel bars, plates, and structural shapes; hot rolled steel sheet and strip; and semifinished steel mill products also increased more than they had in January. Prices for nonferrous mill shapes and secondary aluminum turned up in February. By contrast, prices for cold rolled steel sheet and strip declined 4.2 percent compared with a 2.2-percent decrease in January. The indexes for nonferrous wire and cable and for thermoplastic resins moved up less in February than in the previous month. The index for materials and components for construction rose 0.7 percent in February following a 0.4percent increase in January. Prices for fabricated structural metal products advanced 0.8 percent in February after inching up 0.2 percent in the prior month. The indexes for cast iron pressure and soil pipe fittings and for architectural coatings also rose more than they had in January. Prices for concrete products turned up in February, while the softwood lumber index fell less than it had in January. By contrast, prices for asphalt felts and coatings declined 0.5 percent following a 2.7-percent increase in the preceding month. The index for air conditioning and refrigeration equipment also turned down in February. Prices for paving mixtures and blocks and for nonferrous wire and cable advanced less than in January. Crude goods The Producer Price Index for Crude Materials for Further Processing climbed 3.7 percent in February following a 2.5-percent increase in January. Prices for crude energy materials rose more than in the previous month. By contrast, partially offsetting the acceleration in prices for crude materials, the indexes for crude foodstuffs and feedstuffs and for crude nonfood materials less energy advanced less than they had a month earlier. (See table B.) The crude energy materials index increased 5.6 percent in February after rising 1.8 percent in the prior month. Accounting for this acceleration, natural gas prices jumped 11.5 percent compared with a 0.7-percent gain a month earlier. Conversely, the index for crude petroleum moved up 0.6 percent after increasing 2.7 percent in the preceding month, and coal prices rose 1.0 percent following a 3.9-percent advance in January. (See table 2.) Price increases for crude foodstuffs and feedstuffs slowed to 0.7 percent in February from 2.7 percent in January. The soybeans index rose 4.1 percent after advancing 9.5 percent in January. Prices for corn, slaughter broilers and fryers, and fresh fruits and melons turned down following increases in the previous month. The indexes for fluid milk and for fresh vegetables, except potatoes fell more than they had in January. By contrast, slaughter livestock prices rose 4.5 percent in February subsequent to a 3.8-percent decline a month earlier. The index for slaughter turkeys also turned up in February after falling in the prior month, and wheat prices advanced more than they had in January. The index for crude nonfood materials less energy moved up 3.3 percent after rising 4.0 percent in January. Price increases for iron and steel scrap slowed to 6.5 percent in February from 17.2 percent in January. The indexes for phosphates, raw cotton, and aluminum base scrap turned down following advances a month earlier. By contrast, prices for construction sand, gravel, and crushed stone moved up 1.9 percent following a 1.4-percent decline in January. The indexes for wastepaper, nonferrous metal ores, and copper base scrap rose more in February than they had in the previous month. -5Net output price indexes Mining, Utilities, and Manufacturing Industries. The Producer Price Index for the Net Output of Total Mining, Utilities, and Manufacturing Industries advanced 0.7 percent in February after increasing 0.8 percent in January. (Net output price indexes are not seasonally adjusted.) In February, higher prices received by manufacturers of food, chemicals, petroleum and coal products, transportation equipment, machinery, fabricated metal products, and for plastic and rubber products, as well as, for natural gas distribution, electric power generation, and oil and gas extraction outweighed lower prices received for electric power distribution. In February, the index for mining, utilities, and manufacturing industries was 107.8 (December 2006 = 100), 7.1 percent above its year-ago level. Trade Industries. The Producer Price Index for the Net Output of Total Trade Industries turned up 0.5 percent in February after decreasing 1.2 percent in January. (Trade indexes measure changes in margins received by wholesalers and retailers.) The margin index for electronics and appliance stores rose 3.2 percent in February after dropping 20.2 percent a month earlier. Margins received by department stores also turned up after decreasing in January. The margin index for gasoline stations fell less than in the previous month. Margins received by automobile dealers rose more in February, and the margin index for merchant wholesalers of durable goods was unchanged after falling in January. By contrast, partially offsetting the upturn in the total trade industries index, the increase in the margin index for grocery stores slowed to 0.9 percent in February from 3.7 percent in the prior month. Margins received by merchant wholesalers of nondurable goods also rose less than in January, and the margin index for shoe stores turned down in February after advancing a month earlier. In February, the index for total trade industries was 105.1 (December 2006 = 100), 2.6 percent above its year-ago level. Transportation and Warehousing Industries. The advance in the Producer Price Index for the Net Output of Total Transportation and Warehousing Industries slowed to 0.3 percent in February from 1.4 percent in the previous month. The industry index for inland water freight transportation rose 1.6 percent after jumping 9.1 percent in January. Prices received by the industries for scheduled passenger air transportation, line haul railroads, local general freight trucking, and for local messenger and delivery services turned down in February after advancing in the prior month. Conversely, the index for the long distance, general freight trucking industry group turned up 1.1 percent after falling 0.2 percent in January. Prices received by scheduled freight air transporters rose more in February than a month earlier, and the industry index for freight transportation arrangement decreased less than in January. In February, the index for transportation and warehousing industries was 108.1 (December 2006 = 100), 6.1 percent above its year-ago level. Traditional Service Industries. The Producer Price Index for the Net Output of Total Traditional Service Industries turned down 0.1 percent in February after advancing 0.5 percent in the previous month. The index for the depository credit intermediation industry group dropped 0.9 percent after increasing 1.1 percent in January. Prices received by general medical and surgical hospitals and by lessors of nonresidential buildings also turned down in February after rising in the prior month. The industry indexes for direct health and medical insurance carriers and for offices of lawyers increased less than in January. By contrast, the industry index for engineering services turned up 0.4 percent in February after falling 2.0 percent a month earlier. Prices received by wired telecommunication carriers also rose following a January declines. The industry index for investment banking and securities dealing fell less in February than in the previous month, and prices received by direct life insurance carriers increased after no change in January. In February, the index for total traditional service industries was 101.9 (December 2006 = 100), 1.1 percent above its year-ago level. ***** Producer Price Index data for March 2008 are scheduled to be released on Tuesday, April 15, 2008 at 8:30 a.m. (EDT). 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 industrial building construction 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 236211 236221 236222 236223 423 424 425120 January 2008 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| |Feb. 2008 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | |Oct. |Jan. |Feb. | Feb. | Jan. |Nov. to|Dec. to |Jan. to | 2007 1/|2007 2/|2008 2/|2008 2/| 2007 | 2008 | Dec. | Jan. | Feb. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 168.6 171.9 172.2 6.4 0.2 -0.3 1.0 0.3 Finished consumer goods........................| 78.317 175.9 180.0 180.2 7.8 .1 -.4 1.1 .3 Finished consumer foods......................| 21.252 169.7 174.5 173.8 6.0 -.4 1.4 1.7 -.5 Crude......................................| 2.239 181.9 197.0 177.1 -.7 -10.1 8.1 3.1 -9.4 Processed..................................| 19.013 168.6 172.3 173.5 6.8 .7 .6 1.6 .5 Finished consumer goods, excluding foods.....| 57.064 177.9 181.7 182.4 8.6 .4 -1.1 .9 .7 Nondurable goods less foods................| 42.941 194.5 200.0 200.7 11.5 .4 -1.4 1.0 .7 Durable goods..............................| 14.124 139.8 140.0 140.4 1.4 .3 -.1 .4 .5 Capital equipment..............................| 21.683 150.6 151.3 152.0 1.9 .5 .1 .4 .5 Manufacturing industries.....................| 5.506 153.2 154.6 155.2 2.1 .4 .1 .7 .4 Nonmanufacturing industries..................| 16.178 149.6 150.1 150.7 1.7 .4 0 .4 .5 | Intermediate materials, supplies, and components.| 100.000 172.2 177.6 178.8 8.8 .7 -.2 1.4 .8 Materials and components for manufacturing.....| 41.976 164.4 168.3 169.8 7.7 .9 0 1.2 .8 Materials for food manufacturing.............| 2.923 166.3 174.2 177.2 16.0 1.7 2.4 2.2 1.5 Materials for nondurable manufacturing.......| 15.236 189.4 199.5 201.3 15.4 .9 .1 2.2 .9 Materials for durable manufacturing..........| 8.634 189.0 189.2 192.2 4.6 1.6 -1.0 .6 1.6 Components for manufacturing.................| 15.184 136.6 137.3 137.7 1.3 .3 .1 .2 .3 Materials and components for construction......| 13.391 193.2 194.1 195.5 2.6 .7 .1 .4 .7 Processed fuels and lubricants.................| 22.234 175.5 188.3 188.4 20.7 .1 -1.7 2.7 .7 Manufacturing industries ....................| 6.009 175.2 183.8 183.5 15.3 -.2 -1.4 1.7 .4 Nonmanufacturing industries..................| 16.225 176.3 190.7 191.0 22.8 .2 -1.7 3.0 .9 Containers.....................................| 2.933 182.3 184.4 185.6 4.2 .7 .2 .4 .7 Supplies.......................................| 19.466 163.0 166.5 168.0 4.9 .9 .4 1.2 .8 Manufacturing industries.....................| 3.918 163.9 166.1 167.0 3.3 .5 .4 .7 .5 Nonmanufacturing industries..................| 15.549 161.5 165.3 166.8 5.4 .9 .4 1.2 1.0 Feeds......................................| 1.085 144.7 162.9 170.0 27.4 4.4 2.1 6.0 4.4 Other supplies.............................| 14.464 164.2 166.9 168.0 3.9 .7 .4 .8 .7 | Crude materials for further processing...........| 100.000 211.8 236.4 245.5 24.6 3.8 1.1 2.5 3.7 Foodstuffs and feedstuffs......................| 32.604 150.0 162.5 164.5 18.5 1.2 4.6 2.7 .7 Nonfood materials..............................| 67.396 252.0 285.3 300.0 27.6 5.2 -.5 2.4 5.0 Nonfood materials except fuel 3/.............| 40.991 261.9 289.0 294.2 40.3 1.8 -1.3 3.3 1.7 Manufacturing 3/...........................| 40.547 243.4 268.9 273.8 40.9 1.8 -1.3 3.3 1.7 Construction...............................| 0.444 199.7 198.5 198.8 -1.6 .2 .4 .1 .3 Crude fuel 4/................................| 26.405 217.4 256.9 283.7 12.0 10.4 .9 .9 10.4 Manufacturing industries...................| 2.350 206.9 243.9 268.8 11.9 10.2 .8 1.0 10.2 Nonmanufacturing industries................| 24.055 222.3 262.8 290.2 12.0 10.4 .9 1.0 10.4 | Special groupings | | Finished goods, excluding foods..................|5/ 78.748 168.1 170.9 171.5 6.5 .4 -.8 .8 .6 Intermediate materials less foods and feeds......|6/ 95.992 172.9 178.0 179.1 8.4 .6 -.3 1.3 .7 Intermediate foods and feeds.....................|6/ 4.008 159.6 170.4 174.7 18.7 2.5 2.3 3.3 2.3 Crude materials less agricultural products 3/ 7/.|8/ 66.711 258.7 292.8 308.0 27.6 5.2 -.5 2.3 5.1 | Finished energy goods............................|5/ 21.748 159.1 166.3 166.3 19.6 0 -3.0 1.5 .8 Finished goods less energy.......................|5/ 78.252 164.7 166.7 167.1 3.4 .2 .4 .8 .3 Finished consumer goods less energy..............|5/ 56.569 170.8 173.4 173.8 4.1 .2 .6 .9 .2 | Finished goods less foods and energy.............|5/ 57.000 163.2 164.3 165.1 2.4 .5 .2 .4 .5 Finished consumer goods less foods and energy....|5/ 35.316 171.8 173.0 174.1 2.9 .6 .2 .4 .6 Consumer nondurable goods less foods and energy..|5/ 21.193 199.0 201.2 202.7 3.9 .7 .4 .4 .7 | Intermediate energy goods........................|6/ 23.140 177.4 190.2 190.9 22.6 .4 -1.6 2.8 1.1 Intermediate materials less energy...............|6/ 76.860 168.9 172.1 173.4 5.5 .8 .1 .9 .8 Intermediate materials less foods and energy.....|6/ 72.852 169.5 172.3 173.5 4.8 .7 0 .8 .6 | Crude energy materials 3/........................|8/ 50.963 237.7 275.9 291.5 30.2 5.7 -.7 1.8 5.6 Crude materials less energy......................|8/ 48.942 187.4 201.1 205.3 19.2 2.1 3.0 3.1 1.6 Crude nonfood materials less energy 4/...........|8/ 16.433 292.8 309.0 320.2 20.6 3.6 .2 4.0 3.3 | _______________________________________________________________________________________________________________________________ 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 October 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 | | |Feb. 2008 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Oct. |Jan. |Feb. | Feb. | Jan. |Nov. to|Dec. to|Jan. to | |2007 1/|2008 1/|2008 1/| 2007 | 2008 | Dec. | Jan. | Feb. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 168.6 171.9 172.2 6.4 0.2 -0.3 1.0 0.3 | FINISHED CONSUMER GOODS...............................| 175.9 180.0 180.2 7.8 .1 -.4 1.1 .3 | FINISHED CONSUMER FOODS..............................| 169.7 174.5 173.8 6.0 -.4 1.4 1.7 -.5 | | 01-11 | Fresh fruits and melons 2/..........................| 116.6 142.9 128.0 -6.8 -10.4 16.0 2.4 -10.4 01-13 | Fresh and dry vegetables 2/.........................| 194.7 189.7 159.9 -6.5 -15.7 13.4 -1.0 -15.7 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 138.4 186.2 187.1 61.6 .5 4.8 6.9 1.6 02-11 | Bakery products 2/..................................| 219.3 227.9 230.0 7.4 .9 .1 2.7 .9 02-13 | Milled rice 2/......................................| 156.4 175.3 189.2 24.2 7.9 1.5 4.4 7.9 02-14-02 | Pasta products (June 1985=100) 2/...................| 139.5 169.0 175.2 30.6 3.7 2.2 16.2 3.7 02-21-01 | Beef and veal 2/....................................| 142.6 144.9 145.8 0 .6 3.2 3.6 .6 02-21-04 | Pork................................................| 128.7 124.0 123.8 -6.1 -.2 -.5 .9 -1.9 02-22-03 | Processed young chickens............................| 136.0 136.0 138.7 3.0 2.0 .4 1.1 -1.1 02-22-06 | Processed turkeys...................................| 114.5 111.5 110.4 9.0 -1.0 -6.2 1.0 2.2 02-23 | Finfish and shellfish...............................| 237.1 247.3 254.1 .3 2.7 .5 1.1 2.9 02-3 | Dairy products 2/...................................| 187.2 187.5 184.6 18.0 -1.5 .2 -.6 -1.5 02-4 | Processed fruits and vegetables.....................| 158.3 162.1 162.0 3.9 -.1 .7 1.1 .1 02-55 | Confectionery end products 2/.......................| 208.0 211.0 210.4 2.6 -.3 .3 1.0 -.3 02-62 | Soft drinks 2/......................................| 169.0 172.0 172.9 5.3 .5 -.6 1.7 .5 02-63-01 | Roasted coffee 2/...................................| 163.4 168.8 176.2 8.0 4.4 -.1 0 4.4 02-78 | Shortening and cooking oils 2/......................| 219.8 264.5 270.9 38.8 2.4 6.5 3.8 2.4 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 177.9 181.7 182.4 8.6 .4 -1.1 .9 .7 | | 02-61 | Alcoholic beverages.................................| 161.6 162.0 164.6 2.4 1.6 .1 .2 1.4 03-81-06 | Women's, girls', & infants' apparel (12/03=100) 2/..| 101.0 101.0 101.2 -.1 .2 0 -.1 .2 03-81-07 | Men's and boys' apparel (Dec. 2003=100) 2/..........| 98.6 98.9 99.0 .4 .1 -.2 0 .1 03-82 | Textile housefurnishings 2/.........................| 125.9 126.2 126.3 1.2 .1 -.2 -.2 .1 04-3 | Footwear 2/.........................................| 151.6 152.9 155.4 3.5 1.6 0 .5 1.6 05-41 | Residential electric power (Dec. 1990=100)..........| 139.6 140.3 140.0 3.3 -.2 .6 -1.2 -.4 05-51 | Residential gas (Dec. 1990=100).....................| 222.9 222.2 229.9 3.4 3.5 -1.5 .7 5.7 05-71 | Gasoline............................................| 223.4 240.0 243.7 43.2 1.5 -7.6 2.9 2.9 05-73-02-01| Home heating oil and distillates....................| 233.3 269.7 261.5 36.8 -3.0 -.3 8.5 -3.7 06-38 | Pharmaceutical preparations (June 2001=100) 2/......| 131.2 133.7 135.4 6.4 1.3 .4 1.5 1.3 06-71 | Soaps and synthetic detergents 2/...................| 145.8 147.7 147.8 2.6 .1 -.1 .8 .1 06-75 | Cosmetics and other toilet preparations 2/..........| 147.9 147.1 147.0 -.1 -.1 1.1 -1.7 -.1 07-12 | Tires, tubes, tread, etc 2/.........................| 119.7 122.0 122.9 4.7 .7 .2 .8 .7 09-15-01 | Sanitary paper products 2/..........................| 162.6 162.9 166.9 3.9 2.5 .1 -.4 2.5 09-31-01 | Newspaper circulation...............................| 246.4 247.5 246.4 1.1 -.4 -.2 -.2 -.5 09-32-04 | Periodical circulation (June 2007=100) 2/...........| 99.9 100.9 101.6 (3) .7 .2 .8 .7 09-33 | Book publishing 2/..................................| 288.0 293.1 295.2 5.0 .7 0 1.7 .7 12-1 | Household furniture 2/..............................| 175.3 176.1 176.4 1.4 .2 -.3 .4 .2 12-3 | Floor coverings 2/..................................| 157.8 156.5 157.5 1.0 .6 .9 -1.3 .6 12-4 | Household appliances 2/.............................| 105.5 105.4 105.8 1.0 .4 -.2 .4 .4 12-5 | Home electronic equipment 2/........................| 56.7 56.7 56.7 -4.4 0 0 0 0 12-62 | Household glassware 2/..............................| 176.6 182.5 184.0 4.6 .8 2.4 .9 .8 12-64 | Household flatware 2/...............................| 187.1 187.1 204.6 8.6 9.4 (3) (3) 9.4 12-66 | Lawn and garden equip., ex. tractors 2/.............| 137.5 136.7 139.8 2.5 2.3 0 .1 2.3 14-11-01 | Passenger cars......................................| 129.1 128.3 128.3 1.2 0 -.5 .3 .8 15-11 | Toys, games, and children's vehicles 2/.............| 131.2 131.6 131.6 .7 0 -.1 .2 0 15-12 | Sporting and athletic goods 2/......................| 130.2 130.5 131.9 1.5 1.1 .2 .2 1.1 15-2 | Tobacco products 2/.................................| 497.7 499.7 500.3 2.8 .1 .6 -.1 .1 15-5 | Mobile homes 2/.....................................| 211.3 213.0 213.4 1.5 .2 .7 0 .2 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 156.4 166.5 167.4 11.1 .5 .4 3.9 .5 15-94-04 | Costume jewelry and novelties 2/....................| 157.0 157.0 157.0 .3 0 .3 0 0 | | | CAPITAL EQUIPMENT.....................................| 150.6 151.3 152.0 1.9 .5 .1 .4 .5 | | 11-1 | Agricultural machinery and equipment 2/.............| 184.9 189.0 189.2 3.7 .1 0 2.0 .1 11-2 | Construction machinery and equipment................| 180.4 181.5 182.3 2.0 .4 .2 -.3 .5 11-37 | Metal cutting machine tools 2/......................| 167.3 168.0 167.9 2.1 -.1 -.1 1.0 -.1 11-38 | Metal forming machine tools 2/......................| 184.7 184.6 187.7 1.7 1.7 0 0 1.7 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 144.1 144.2 144.2 -.3 0 .1 0 0 11-41 | Pumps, compressors, and equipment 2/................| 197.0 200.4 202.2 5.3 .9 .3 1.4 .9 11-44 | Industrial material handling equipment 2/...........| 163.7 165.3 166.9 4.5 1.0 0 1.2 1.0 11-51 | Electronic computers (Dec. 2004=100) 2/.............| 47.2 44.3 43.8 -24.0 -1.1 .4 -3.5 -1.1 11-62 | Textile machinery 2/................................| 162.2 163.3 163.2 1.1 -.1 0 .2 -.1 11-64 | Paper industries machinery (June 1982=100) 2/.......| 184.7 187.4 185.2 1.6 -1.2 2.1 -.7 -1.2 11-65 | Printing trades machinery 2/........................| 150.8 152.0 151.5 1.1 -.3 0 .8 -.3 11-74 | Transformers and power regulators 2/................| 197.0 206.0 205.5 7.3 -.2 -.2 3.6 -.2 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 103.3 103.7 104.5 1.6 .8 .2 .4 .8 11-79-05 | X-ray and electromedical equipment 2/...............| 92.6 91.6 91.5 -1.5 -.1 -.8 -.2 -.1 11-91 | Oil field and gas field machinery ..................| 185.9 187.9 191.3 5.1 1.8 -.3 .3 1.7 11-92 | Mining machinery and equipment 2/...................| 192.2 195.6 197.4 4.4 .9 0 1.1 .9 11-93 | Office and store machines and equipment 2/..........| 115.5 116.8 117.5 3.9 .6 .3 .6 .6 12-2 | Commercial furniture 2/.............................| 181.3 184.2 184.4 1.6 .1 1.0 .5 .1 14-11-05 | Light motor trucks..................................| 148.5 146.9 147.7 0 .5 -.6 .3 .8 14-11-06 | Heavy motor trucks 2/...............................| 178.3 179.4 179.4 3.3 0 0 .4 0 14-14 | Truck trailers 2/...................................| 170.9 171.6 171.8 2.6 .1 .1 .4 .1 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 222.5 223.4 224.6 3.1 .5 .5 .1 .6 14-31 | Ships (Dec. 1985=100) 2/............................| 193.9 195.3 198.9 4.6 1.8 -.1 -.1 1.8 14-4 | Railroad equipment 2/...............................| 177.5 177.7 178.1 1.4 .2 -.2 -.1 .2 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 172.2 177.6 178.8 8.8 .7 -.2 1.4 .8 | | | INTERMEDIATE FOODS AND FEEDS..........................| 159.6 170.4 174.7 18.7 2.5 2.3 3.3 2.3 | | 02-12-03 | Flour 2/............................................| 214.5 248.1 285.8 93.0 15.2 12.2 3.3 15.2 02-53 | Refined sugar and byproducts 2/.....................| 126.4 124.5 126.0 -9.9 1.2 4.8 -2.6 1.2 02-54 | Confectionery materials.............................| 153.2 171.1 172.6 13.6 .9 .2 7.6 .4 02-64-01-11| Soft drink beverage bases (Dec. 1985=100) 2/........| 196.5 205.0 205.4 6.6 .2 0 3.1 .2 02-9 | Prepared animal feeds 2/............................| 148.3 163.0 169.9 22.8 4.2 1.7 4.8 4.2 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 172.9 178.0 179.1 8.4 .6 -.3 1.3 .7 | | 03-1 | Synthetic fibers 2/.................................| 114.2 114.3 114.5 .5 .2 .2 -.9 .2 03-2 | Processed yarns and threads 2/......................| 117.6 120.6 121.6 5.3 .8 .2 1.3 .8 03-3 | Gray fabrics 2/.....................................| 121.4 122.5 122.7 2.8 .2 -.2 .7 .2 03-4 | Finished fabrics 2/.................................| 129.0 130.5 131.0 2.0 .4 .2 .9 .4 03-83-03 | Industrial textile products 2/......................| 139.6 141.0 141.7 2.5 .5 0 1.0 .5 04-2 | Leather 2/..........................................| 232.7 233.1 236.2 3.5 1.3 0 .1 1.3 05-32 | Liquefied petroleum gas 2/..........................| 370.0 411.4 371.4 48.3 -9.7 -1.5 3.2 -9.7 ____________________________________________________________________________________________________________________________________ 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 | | |Feb. 2008 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Oct. |Jan. |Feb. | Feb. | Jan. |Nov. to|Dec. to|Jan. to | |2007 1/|2008 1/|2008 1/| 2007 | 2008 | Dec. | Jan. | Feb. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 166.2 163.9 164.0 2.6 0.1 -1.2 -0.3 -0.1 05-43 | Industrial electric power...........................| 182.7 181.8 180.1 2.5 -.9 -.5 -.7 -.5 05-52 | Commercial natural gas (Dec. 1990=100)..............| 232.0 234.8 242.5 3.4 3.3 .3 -1.9 6.6 05-53 | Industrial natural gas (Dec. 1990=100)..............| 230.5 242.9 253.4 3.0 4.3 -.3 4.2 7.3 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 167.9 183.0 191.9 3.5 4.9 -4.1 -1.0 8.6 05-72-03 | Jet fuels...........................................| 210.4 269.7 257.9 49.2 -4.4 4.5 9.3 -2.4 05-73-03 | No. 2 Diesel fuel...................................| 249.6 280.5 286.7 48.2 2.2 -.8 5.9 .9 05-74 | Residual fuels 2/...................................| 172.3 206.8 205.2 27.9 -.8 3.2 3.0 -.8 06-1 | Industrial chemicals 2/.............................| 233.6 250.3 249.9 17.8 -.2 -.6 2.4 -.2 06-21 | Prepared paint......................................| 210.0 212.3 216.7 5.6 2.1 .2 .9 1.7 06-22 | Paint materials 2/..................................| 216.4 216.0 216.6 6.2 .3 -2.4 -.8 .3 06-31 | Medicinal and botanical chemicals 2/................| 140.5 138.0 141.5 .5 2.5 -.1 -2.5 2.5 06-4 | Fats and oils, inedible 2/..........................| 208.0 256.5 274.8 75.1 7.1 9.5 6.4 7.1 06-51 | Mixed fertilizers...................................| 162.9 182.4 189.5 24.1 3.9 1.7 4.1 4.1 06-52-01 | Nitrogenates........................................| 236.9 262.2 299.8 40.0 14.3 2.3 2.9 14.3 06-52-02 | Phosphates 2/.......................................| 186.0 277.7 247.1 57.6 -11.0 11.6 18.0 -11.0 06-53 | Other agricultural chemicals 2/.....................| 159.0 161.9 163.1 4.4 .7 1.1 1.0 .7 06-6 | Plastic resins and materials 2/.....................| 199.3 211.5 212.1 14.3 .3 -.8 1.6 .3 07-11-02 | Synthetic rubber 2/.................................| 170.2 177.1 179.4 7.2 1.3 .9 3.4 1.3 07-21 | Plastic construction products 2/....................| 178.5 181.1 181.5 1.7 .2 .6 .4 .2 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 179.7 185.6 185.3 7.9 -.2 .1 2.0 -.2 07-26 | Plastic parts and components for manufacturing 2/...| 129.9 129.9 131.0 .1 .8 .1 -.3 .8 08-11 | Softwood lumber 2/..................................| 165.1 153.2 152.2 -12.0 -.7 -.6 -3.0 -.7 08-12 | Hardwood lumber 2/..................................| 191.3 187.3 188.3 -3.1 .5 -1.1 -.7 .5 08-2 | Millwork............................................| 201.6 201.8 202.6 .5 .4 -.1 .3 .2 08-3 | Plywood 2/..........................................| 177.2 174.6 173.6 2.5 -.6 -.1 -1.4 -.6 09-11 | Woodpulp 2/.........................................| 165.4 171.9 176.3 12.5 2.6 .8 2.8 2.6 09-13 | Paper 2/............................................| 169.8 174.6 176.0 4.0 .8 .8 1.3 .8 09-14 | Paperboard 2/.......................................| 209.5 209.4 209.5 5.8 0 .1 0 0 09-15-03 | Paper boxes and containers 2/.......................| 199.8 202.4 202.6 3.3 .1 .2 .3 .1 09-2 | Building paper and board 2/.........................| 152.0 151.9 151.9 0 0 -2.2 -.3 0 09-37 | Commercial printing (June 1982=100) 2/..............| 166.3 167.3 167.9 1.6 .4 .2 .5 .4 10-15 | Foundry and forge shop products 2/..................| 171.5 173.1 177.1 5.1 2.3 -.2 .8 2.3 10-17 | Steel mill products 2/..............................| 177.7 183.1 186.4 4.7 1.8 .8 1.3 1.8 10-22 | Primary nonferrous metals 2/........................| 276.9 261.2 279.3 13.0 6.9 -8.5 1.1 6.9 10-25-01 | Aluminum mill shapes 2/.............................| 181.7 181.6 182.4 -4.3 .4 -.2 -.6 .4 10-25-02 | Copper and brass mill shapes 2/.....................| 426.0 394.9 417.7 14.4 5.8 -4.4 2.1 5.8 10-26 | Nonferrous wire and cable 2/........................| 253.3 243.9 249.4 14.9 2.3 -3.3 3.8 2.3 10-3 | Metal containers 2/.................................| 134.0 135.0 137.5 4.9 1.9 .1 .7 1.9 10-4 | Hardware 2/.........................................| 180.7 181.1 183.1 2.8 1.1 -.3 .7 1.1 10-5 | Plumbing fixtures and brass fittings................| 220.3 221.2 225.8 2.9 2.1 .2 .2 1.5 10-6 | Heating equipment...................................| 197.3 199.8 199.7 2.6 -.1 .2 .7 -.7 10-7 | Fabricated structural metal products 2/.............| 188.7 190.5 192.1 3.1 .8 .5 .2 .8 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 168.4 171.3 172.2 4.7 .5 .7 1.2 .5 10-89 | Other misc. metal products 2/.......................| 145.6 145.8 146.3 2.1 .3 0 0 .3 11-45 | Mechanical power transmission equipment.............| 207.5 209.4 209.4 3.2 0 .2 0 .1 11-48 | Air conditioning and refrigeration equipment........| 158.5 160.4 160.1 2.6 -.2 .6 .9 -.5 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 230.8 231.3 234.7 6.0 1.5 .1 .2 1.5 11-49-05 | Ball and roller bearings 2/.........................| 202.9 205.7 204.7 3.6 -.5 .2 .2 -.5 11-71 | Wiring devices 2/...................................| 196.4 199.3 200.2 4.4 .5 .3 1.0 .5 11-73 | Motors, generators, motor generator sets 2/.........| 174.1 176.5 177.5 3.6 .6 -.1 1.2 .6 11-75 | Switchgear, switchboard, etc., equipment 2/.........| 190.4 192.1 194.3 4.2 1.1 .1 .7 1.1 11-78 | Electronic components and accessories 2/............| 79.5 77.5 77.6 -8.9 .1 .4 -2.5 .1 11-94 | Internal combustion engines 2/......................| 155.1 156.3 156.5 1.3 .1 .1 .7 .1 11-95 | Machine shop products 2/............................| 159.5 163.2 164.2 3.8 .6 1.5 .8 .6 13-11 | Flat glass 2/.......................................| 113.3 114.0 113.8 -.5 -.2 .3 .4 -.2 13-22 | Cement..............................................| 211.7 212.9 213.2 3.8 .1 .4 -.5 .9 13-3 | Concrete products...................................| 204.1 205.9 206.7 2.5 .4 .3 -.1 .2 13-6 | Asphalt felts and coatings..........................| 145.0 146.6 145.3 -1.4 -.9 1.2 2.7 -.5 13-7 | Gypsum products 2/..................................| 211.6 206.1 205.7 -19.9 -.2 -.9 -.3 -.2 13-8 | Glass containers....................................| 165.0 171.2 171.1 7.3 -.1 .1 2.0 .3 14-12 | Motor vehicle parts 2/..............................| 118.2 118.8 118.4 1.0 -.3 -.1 .5 -.3 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 180.2 183.6 184.4 3.6 .4 .1 .6 .3 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 158.5 162.7 162.6 3.0 -.1 0 2.3 -.1 15-42 | Photographic supplies 2/............................| 122.4 123.8 124.4 1.5 .5 1.5 -.2 .5 15-6 | Medical/surgical/personal aid devices...............| 163.3 164.8 166.2 2.2 .8 -.1 .6 .7 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 211.8 236.4 245.5 24.6 3.8 1.1 2.5 3.7 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 150.0 162.5 164.5 18.5 1.2 4.6 2.7 .7 | | 01-21 | Wheat 2/............................................| 227.5 287.9 343.2 163.8 19.2 22.6 6.6 19.2 01-22-02 | Corn 2/.............................................| 124.8 193.8 190.2 21.6 -1.9 14.4 17.0 -1.9 01-31 | Slaughter cattle 2/.................................| 134.7 131.6 134.9 1.4 2.5 .4 -2.4 2.5 01-32 | Slaughter hogs......................................| 67.5 55.5 67.1 -17.7 20.9 5.4 -6.6 9.8 01-41-02 | Slaughter broilers/fryers...........................| 188.7 206.4 204.9 5.9 -.7 -1.6 10.0 -3.1 01-42 | Slaughter turkeys...................................| 183.2 132.3 140.4 13.1 6.1 -.7 -5.2 10.4 01-6 | Fluid milk..........................................| 160.1 155.8 144.6 29.6 -7.2 1.2 -2.4 -5.3 01-83-01-31| Soybeans 2/.........................................| 151.1 210.7 219.4 78.2 4.1 11.1 9.5 4.1 02-52-01-03| Cane sugar, raw (Dec. 2003=100) 2/..................| 119.9 117.7 115.1 -3.4 -2.2 -1.1 .9 -2.2 | | | CRUDE NONFOOD MATERIALS..............................| 252.0 285.3 300.0 27.6 5.2 -.5 2.4 5.0 | | 01-51 | Raw cotton 2/.......................................| 92.0 102.3 101.1 26.4 -1.2 5.9 7.3 -1.2 04-1 | Hides and skins 2/..................................| 198.5 190.1 188.1 -13.6 -1.1 -.8 -2.6 -1.1 05-1 | Coal................................................| 130.6 139.3 141.4 8.8 1.5 .5 3.9 1.0 05-31 | Natural gas 2/......................................| 248.6 298.1 332.4 12.5 11.5 .9 .7 11.5 05-61 | Crude petroleum 2/..................................| 223.3 254.6 256.2 62.7 .6 -2.4 2.7 .6 08-5 | Logs, timber, etc 2/................................| 210.9 210.0 214.5 -3.7 2.1 .2 1.2 2.1 09-12 | Wastepaper 2/.......................................| 409.5 405.4 427.3 32.9 5.4 -3.1 .6 5.4 10-11 | Iron ore 2/.........................................| 129.5 134.3 134.3 5.3 0 0 3.7 0 10-12 | Iron and steel scrap 2/.............................| 413.7 497.2 529.5 34.5 6.5 5.3 17.2 6.5 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 261.3 262.3 270.9 27.8 3.3 -5.4 .7 3.3 10-23-01 | Copper base scrap 2/................................| 519.3 489.9 528.0 25.1 7.8 -3.7 3.6 7.8 10-23-02 | Aluminum base scrap.................................| 262.3 272.2 278.2 -1.2 2.2 -2.4 1.1 -.4 13-21 | Construction sand, gravel, and crushed stone........| 236.7 240.0 244.1 7.2 1.7 .8 -1.4 1.9 13-99-01 | Industrial sand.....................................| 191.2 206.4 206.3 8.9 0 4.5 .3 .3 ____________________________________________________________________________________________________________________________________ 1/ The indexes for October 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 | Oct. 2007 | Jan. 2008 | Feb. 2008 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 473.3 | 482.3 | 483.3 | | All commodities................................| 174.7 | 180.8 | 182.4 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 161.0 | 169.6 | 170.5 | 01 | Farm products................................| 148.2 | 163.6 | 162.4 | 02 | Processed foods and feeds....................| 167.5 | 172.6 | 174.7 | | | | | | | Industrial commodities.........................| 176.9 | 182.7 | 184.4 | 03 | Textile products and apparel.................| 126.3 | 127.2 | 127.4 | 04 | Hides, skins, leather, and related products..| 172.3 | 171.3 | 172.2 | 05 | Fuels and related products and power.........| 180.9 | 196.0 | 198.9 | 06 | Chemicals and allied products 2/.............| 218.9 | 229.3 | 230.6 | 07 | Rubber and plastic products..................| 156.0 | 159.2 | 160.4 | 08 | Lumber and wood products.....................| 191.1 | 188.8 | 189.4 | 09 | Pulp, paper, and allied products.............| 219.5 | 222.0 | 223.4 | 10 | Metals and metal products....................| 195.0 | 197.0 | 200.8 | 11 | Machinery and equipment......................| 127.1 | 127.8 | 128.3 | 12 | Furniture and household durables.............| 144.9 | 145.5 | 146.0 | 13 | Nonmetallic mineral products.................| 186.4 | 188.1 | 188.8 | 14 | Transportation equipment.....................| 156.9 | 157.1 | 157.5 | 15 | Miscellaneous products.......................| 211.2 | 212.9 | 213.8 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 172.2 | 174.6 | 175.7 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 162.8 | 175.2 | 153.1 | 01-2 | Grains.........................................| 150.6 | 214.5 | 224.3 | 01-3 | Slaughter livestock............................| 118.7 | 113.7 | 118.8 | 01-4 | Slaughter poultry..............................| 184.7 | 189.1 | 189.5 | 01-5 | Plant and animal fibers........................| 92.7 | 103.2 | 102.1 | 01-7 | Chicken eggs...................................| 173.2 | 229.0 | 235.0 | 01-8 | Hay, hayseeds, and oilseeds....................| 182.7 | 232.9 | 241.3 | 01-83 | Oilseeds.......................................| 165.7 | 226.6 | 235.6 | 02-1 | Cereal and bakery products.....................| 204.0 | 216.1 | 224.6 | 02-2 | Meats, poultry, and fish.......................| 142.7 | 143.1 | 144.3 | 02-22 | Processed poultry..............................| 131.8 | 131.6 | 133.3 | 02-5 | Sugar and confectionery........................| 168.7 | 173.4 | 173.5 | 02-6 | Beverages and beverage materials...............| 166.5 | 168.8 | 170.9 | 02-63 | Packaged beverage materials....................| 162.3 | 166.7 | 172.8 | 02-7 | Fats and oils..................................| 217.8 | 270.8 | 278.7 | 03-81 | Apparel........................................| 127.1 | 127.3 | 127.4 | 04-4 | Other leather and related products.............| 156.9 | 157.5 | 157.6 | 05-3 | Gas fuels......................................| 273.7 | 320.4 | 336.1 | 05-4 | Electric power.................................| 168.6 | 167.8 | 167.3 | 05-7 | Refined petroleum products.....................| 219.5 | 244.3 | 246.3 | 06-3 | Drugs and pharmaceuticals......................| 326.8 | 332.3 | 336.5 | 06-5 | Agricultural chemicals and products............| 183.4 | 216.9 | 216.8 | 06-7 | Other chemicals and allied products............| 163.0 | 166.1 | 166.7 | 07-1 | Rubber and rubber products.....................| 141.6 | 144.5 | 145.6 | 07-11 | Rubber, except natural rubber..................| 169.3 | 176.2 | 178.4 | 07-13 | Miscellaneous rubber products..................| 155.7 | 157.9 | 158.7 | 07-2 | Plastic products...............................| 166.7 | 170.0 | 171.3 | 08-1 | Lumber.........................................| 171.2 | 162.6 | 162.4 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 190.3 | 192.5 | 194.5 | 09-15 | Converted paper and paperboard products........| 189.9 | 191.7 | 193.0 | 10-1 | Iron and steel.................................| 198.0 | 209.1 | 215.1 | 10-2 | Nonferrous metals..............................| 248.1 | 241.8 | 249.9 | 10-25 | Nonferrous mill shapes.........................| 216.6 | 210.3 | 217.0 | 11-3 | Metalworking machinery and equipment...........| 165.0 | 165.7 | 166.1 | 11-4 | General purpose machinery and equipment........| 185.7 | 187.7 | 188.5 | 11-6 | Special industry machinery.....................| 182.8 | 185.3 | 185.7 | 11-7 | Electrical machinery and equipment.............| 112.9 | 112.6 | 113.1 | 11-9 | Miscellaneous machinery and equipment..........| 155.1 | 157.5 | 159.3 | 12-6 | Other household durable goods..................| 170.2 | 170.2 | 172.0 | 13-2 | Concrete ingredients...........................| 223.6 | 226.1 | 228.8 | 14-1 | Motor vehicles and equipment...................| 133.9 | 133.5 | 133.6 | 15-1 | Toys, sporting goods, small arms, etc..........| 141.9 | 142.8 | 144.2 | 15-4 | Photographic equipment and supplies............| 108.9 | 109.9 | 110.5 | 15-9 | Other miscellaneous products...................| 156.0 | 159.8 | 159.8 | __________________________________________________________|___________|___________|___________| 1/ 2/ Data for October 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_Feb._2008_from: code | |base | | | | | | | |Oct. |Jan. |Feb. | Feb. | Jan. | | |2007 2/|2008 2/|2008 2/| 2007 | 2008 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining, utilities, and manufacturing | | | industries.................................. |12/06| 104.7 107.1 107.8 7.1 0.7 | | | |Total mining industries...................... |12/84| 228.3 256.2 263.8 26.9 3.0 211 | Oil and gas extraction...................... |12/85| 279.6 323.4 334.1 34.6 3.3 212 | Mining (except oil & gas)................... |12/03| 162.4 168.4 171.7 13.9 2.0 213 | Mining support activities................... |12/03| 168.5 167.5 168.7 -5.2 .7 | | | 221 | Utilities................................... |12/03| 127.2 127.1 128.4 2.2 1.0 | | | |Total manufacturing industries............... |12/84| 164.5 168.4 169.4 7.4 .6 311 | Food mfg.................................... |12/84| 160.7 165.8 167.8 9.1 1.2 312 | Beverage & tobacco mfg...................... |12/03| 111.1 112.0 112.8 3.5 .7 313 | Textile mills............................... |12/03| 108.9 110.4 110.8 3.1 .4 314 | Textile product mills....................... |12/03| 110.2 110.1 110.5 1.1 .4 315 | Apparel manufacturing....................... |12/03| 101.5 101.6 101.8 .3 .2 316 | Leather and allied product manufacturing.... |12/84| 150.4 151.4 152.6 2.6 .8 321 | Wood product manufacturing.................. |12/03| 106.5 105.3 105.4 -1.0 .1 322 | Paper manufacturing......................... |12/03| 117.1 118.4 119.1 3.8 .6 323 | Printing and related support activities..... |12/03| 107.1 107.9 108.1 1.9 .2 324 | Petroleum and coal products manufacturing... |12/84| 266.9 295.3 297.1 39.9 .6 325 | Chemical mfg................................ |12/84| 206.4 214.0 215.7 8.9 .8 326 | Plastics and rubber products mfg............ |12/84| 151.6 154.6 155.8 4.1 .8 327 | Nonmetallic mineral product manufacturing... |12/84| 166.4 167.8 168.2 1.0 .2 331 | Primary metal mfg........................... |12/84| 188.6 190.2 194.4 5.3 2.2 332 | Fabricated metal product mfg................ |12/84| 163.3 164.6 165.8 3.2 .7 333 | Machinery manufacturing..................... |12/03| 112.7 113.8 114.4 2.6 .5 334 | Computer & electronic product mfg........... |12/03| 93.1 92.3 92.6 -2.9 .3 335 | Electrical equipment and appliance mfg..... |12/03| 124.2 125.1 126.1 5.7 .8 336 | Transportation equipment manufacturing...... |12/03| 106.3 106.2 106.6 1.5 .4 337 | Furniture & related product mfg............. |12/84| 166.1 167.2 167.8 1.5 .4 339 | Miscellaneous mfg........................... |12/03| 107.2 108.7 109.1 2.4 .4 | | | |Total trade industries....................... |12/06| 105.1 104.6 105.1 2.6 .5 | | | |Total wholesale trade industries............. |12/06| 104.0 104.6 106.1 2.8 1.4 423 | Merchant wholesalers, durable goods......... |06/04| 110.4 113.3 113.3 2.7 0 424 | Merchant wholesalers, nondurable goods...... |06/05| 115.4 112.8 116.5 2.6 3.3 425 | Wholesale trade agents and brokers.......... |06/05| 107.1 109.2 110.0 6.1 .7 | | | |Total retail trade industries................ |12/06| 105.9 104.7 104.6 2.6 -.1 441 | Motor vehicle and parts dealers............. |12/03| 115.3 116.3 118.9 4.2 2.2 442 | Furniture and home furnishings stores....... |12/03| 120.1 122.8 120.6 4.7 -1.8 443 | Electronics and appliance stores............ |12/03| 111.1 85.2 87.9 -16.0 3.2 444 | Bldg material and garden equip and supp | | | dealers.................................... |12/03| 119.6 119.0 119.0 -.2 0 445 | Food and beverage stores.................... |12/99| 142.5 144.9 145.0 5.8 .1 446 | Health and personal care stores............. |12/03| 123.5 124.3 124.0 2.0 -.2 447 | Gasoline stations........................... |06/01| 78.0 66.0 59.5 -1.0 -9.8 448 | Clothing and clothing accessories stores.... |12/03| 107.2 107.2 105.7 .3 -1.4 451 | Sporting goods, hobby, book and music stores |12/03| 105.8 108.2 109.4 9.4 1.1 452 | General merchandise stores.................. |12/03| 111.8 110.1 111.3 5.1 1.1 454 | Nonstore retailers.......................... |12/03| 130.2 133.6 135.5 3.4 1.4 | | | |Transportation and warehousing industries.... |12/06| 105.6 107.8 108.1 6.1 .3 | | | |Transportation industries.................... |12/06| 104.8 107.1 107.6 6.3 .5 481 | Air transportation.......................... |12/92| 187.2 191.4 192.4 7.7 .5 482 | Rail transportation......................... |12/96| 144.7 153.1 152.3 11.3 -.5 483 | Water transportation........................ |12/03| 117.2 118.2 120.5 8.4 1.9 484 | Truck transportation........................ |12/03| 116.1 118.0 118.8 4.7 .7 486110 | Pipeline transportation of crude oil........ |06/86| 143.5 144.8 144.9 8.6 .1 486910 | Refined petroleum product pipeline | | | transport.................................. |06/86| 135.8 135.4 136.0 8.0 .4 488 | Transportation support activities........... |12/03| 108.0 109.5 109.6 1.6 .1 | | | |Delivery and warehouse industries............ |12/06| 107.8 109.3 109.3 5.3 0 491 | Postal service.............................. |06/89| 175.5 175.5 175.5 6.6 0 492 | Couriers and messengers..................... |12/03| 132.4 136.1 135.9 4.5 -.1 493 | Warehousing and storage..................... |12/06| 103.7 104.5 105.2 3.4 .7 __________________________________________________________________________________________________________________ See footnotes at end of table. 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_Feb._2008_from: code | |base | | | | | | | |Oct. |Jan. |Feb. | Feb. | Jan. | | |2007 2/|2008 2/|2008 2/| 2007 | 2008 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total traditional service industries......... |12/06| 102.2 102.0 101.9 1.1 -0.1 | | | |Information.................................. |12/06| 101.4 101.1 101.3 1.2 .2 511 | Publishing industries, except Internet...... |12/03| 108.5 109.3 109.4 1.6 .1 515 | Broadcasting, except Internet............... |12/03| 101.0 101.6 102.3 -.8 .7 517 | Telecommunications.......................... |12/03| 101.8 100.6 100.8 1.3 .2 5181 | ISPs and Web search portals................. |06/04| 72.4 71.8 72.1 -1.2 .4 5182 | Data processing and related services........ |12/03| 100.3 100.3 100.6 .5 .3 | | | |Selected health care industries.............. |12/06| 103.7 104.0 104.1 2.3 .1 6211 | Offices of physicians....................... |12/96| 122.9 122.8 122.9 .5 .1 6215 | Medical and diagnostic laboratories......... |12/03| 107.7 107.8 107.9 1.1 .1 6216 | Home health care services................... |12/96| 125.1 125.5 125.7 1.7 .2 621991 | Blood and organ banks....................... |06/06| 104.3 105.9 105.2 2.8 -.7 622 | Hospitals................................... |12/92| 161.3 162.1 162.0 2.9 -.1 6231 | Nursing care facilities..................... |12/03| 116.4 117.0 117.3 3.9 .3 62321 | Residential mental retardation facilities... |12/03| 113.9 114.8 116.1 4.3 1.1 | | | |Other selected traditional service | | | industries.................................. |12/06| 101.8 101.5 101.2 .6 -.3 5221 | Depository credit intermediation............ |12/03| 112.8 108.8 107.8 -5.2 -.9 523 | Security, commodity contracts and like | | | activity................................... |12/03| 121.4 119.2 117.1 -.2 -1.8 524 | Insurance carriers and related activities... |12/03| 108.2 108.7 109.0 1.7 .3 53112 | Lessors of nonres bldg (exc miniwarehouse).. |12/03| 108.5 110.2 107.8 2.0 -2.2 53113 | Lessors of miniwarehouse and self storage | | | units...................................... |12/03| 111.0 110.4 109.8 .6 -.5 5312 | Offices of real estate agents and brokers... |12/03| 110.5 110.0 110.1 -.6 .1 5321 | Automotive equipment rental and leasing..... |06/01| 118.9 120.9 120.9 3.6 0 532412 | Other heavy machinery rental and leasing.... |12/03| 118.4 118.9 119.3 1.4 .3 5411 | Legal services.............................. |12/96| 154.8 159.4 160.1 5.0 .4 5413 | Architectural, engineering and related | | | services................................... |12/96| 140.8 138.8 139.1 0.6 0.2 5416 | Management and technical consulting services |06/06| 103.1 103.1 105.0 2.3 1.8 54181 | Advertising agencies........................ |12/03| 105.1 105.0 105.0 .6 0 5613 | Employment services......................... |12/96| 122.4 121.9 122.3 1.1 .3 56151 | Travel agencies............................. |12/03| 102.5 97.3 97.3 -2.9 0 56172 | Janitorial services......................... |12/03| 106.9 107.5 108.2 2.9 .7 5621 | Waste collection............................ |12/03| 108.9 110.6 112.2 5.6 1.4 61142 | Computer training........................... |06/06| 104.8 104.2 107.6 6.3 3.3 71311 | Amusement and theme parks................... |06/06| 108.4 108.4 108.6 5.6 .2 71391 | Golf courses and country clubs.............. |12/05| 104.3 105.8 106.0 1.8 .2 71394 | Fitness and recreational sports centers..... |12/04| 100.8 101.1 100.9 1.5 -.2 721 | Accommodation............................... |12/96| 145.8 144.8 142.9 3.3 -1.3 8113 | Commercial machinery repair and maintenance. |06/06| 103.6 104.2 104.4 3.4 .2 __________________________________________________________________________________________________________________ 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 October 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 | | | | | | | Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | 2007 | 2007 | 2007 | 2007 | 2008 | 2008 _______________________________________________________|________|________|________|________|________|________ | Finished goods...................................| 167.0 167.9 172.2 171.6 173.3 173.9 Finished consumer goods........................| 173.9 175.1 180.8 180.0 182.0 182.6 Finished consumer foods......................| 167.9 170.0 169.5 171.8 174.8 173.9 Crude......................................| 161.7 184.3 173.8 187.9 193.8 175.5 Processed..................................| 168.6 168.7 169.2 170.2 173.0 173.8 Finished consumer goods, excluding foods.....| 175.9 176.8 184.8 182.8 184.4 185.6 Nondurable goods less foods................| 192.3 193.6 205.0 202.2 204.2 205.7 Durable goods..............................| 138.4 138.2 138.9 138.7 139.2 139.9 Capital equipment..............................| 149.7 149.8 150.2 150.3 150.9 151.7 Manufacturing industries.....................| 152.9 153.0 153.3 153.5 154.5 155.1 Nonmanufacturing industries..................| 148.5 148.6 149.0 149.0 149.6 150.4 | Intermediate materials, supplies, and components.| 170.9 171.9 177.2 176.8 179.2 180.6 Materials and components for manufacturing.....| 163.4 164.5 166.4 166.4 168.4 169.8 Materials for food manufacturing.............| 166.2 166.6 167.0 171.0 174.8 177.5 Materials for nondurable manufacturing.......| 186.1 189.5 195.1 195.2 199.5 201.1 Materials for durable manufacturing..........| 189.2 189.2 190.0 188.1 189.2 192.2 Components for manufacturing.................| 136.6 136.6 136.7 136.9 137.2 137.6 Materials and components for construction......| 193.2 193.3 193.2 193.4 194.2 195.5 Processed fuels and lubricants.................| 172.1 173.7 193.9 190.7 195.8 197.2 Manufacturing industries.....................| 173.5 174.7 189.1 186.5 189.6 190.4 Nonmanufacturing industries..................| 172.2 174.0 196.5 193.1 198.8 200.6 Containers.....................................| 181.1 182.4 183.2 183.6 184.4 185.6 Supplies.......................................| 162.3 163.1 163.9 164.6 166.5 167.9 Manufacturing industries.....................| 163.5 163.9 164.3 164.9 166.1 167.0 Nonmanufacturing industries..................| 160.7 161.5 162.5 163.2 165.2 166.8 Feeds......................................| 139.1 144.7 150.6 153.7 162.9 170.0 Other supplies.............................| 163.8 164.3 164.8 165.4 166.8 168.0 | Crude materials for further processing...........| 203.7 211.9 229.2 231.8 237.5 246.2 Foodstuffs and feedstuffs......................| 149.7 149.4 153.6 160.6 164.9 166.1 Nonfood materials..............................| 237.7 252.6 280.1 278.8 285.4 299.8 Nonfood materials except fuel 2/.............| 255.4 262.7 283.7 280.1 289.3 294.1 Manufacturing 2/...........................| 237.2 244.1 263.9 260.5 269.2 273.7 Construction...............................| 201.4 200.7 196.8 197.6 197.7 198.2 Crude fuel 3/................................| 193.4 217.7 252.1 254.3 256.7 283.5 Manufacturing industries...................| 184.7 207.3 239.2 241.2 243.7 268.5 Nonmanufacturing industries................| 197.7 222.6 257.9 260.1 262.6 290.0 | Special groupings | | Finished goods, excluding foods..................| 166.4 167.0 172.6 171.3 172.6 173.7 Intermediate materials less foods and feeds......| 171.6 172.6 178.0 177.4 179.7 181.0 Intermediate foods and feeds.....................| 157.9 159.8 161.8 165.5 170.9 174.8 Crude materials less agricultural products 2/....| 244.1 259.4 287.8 286.3 292.9 307.8 | Finished energy goods............................| 155.8 157.5 176.0 170.7 173.3 174.6 Finished goods less energy.......................| 163.5 164.2 164.4 165.1 166.4 166.9 Finished consumer goods less energy..............| 169.5 170.5 170.6 171.7 173.3 173.6 | Finished goods less foods and energy.............| 162.3 162.5 162.9 163.2 163.9 164.8 Finished consumer goods less foods and energy....| 170.8 171.0 171.6 171.9 172.6 173.7 Consumer nondurable goods less foods and energy..| 198.4 199.1 199.4 200.2 201.1 202.6 | Intermediate energy goods........................| 173.4 175.6 195.2 192.1 197.4 199.5 Intermediate materials less energy...............| 168.3 169.0 170.3 170.5 172.1 173.4 Intermediate materials less foods and energy.....| 169.0 169.6 170.9 170.9 172.3 173.4 | Crude energy materials 2/........................| 220.0 238.0 272.7 270.9 275.8 291.3 Crude materials less energy......................| 186.6 187.4 191.3 197.1 203.2 206.5 Crude nonfood materials less energy 3/...........| 290.6 294.9 297.0 297.7 309.7 319.8 _____________________________________________________________________________________________________________ 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 October 2007 have been recalculated to incorporate late reports and corrections by respondents. Includes crude petroleum. Excludes crude petroleum.
@FedFRASER