Full text of Producer Price Indexes : Producer Price Indexes—January 2024

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USDL 24-0269

PRODUCER PRICE INDEXES – JANUARY 2024
The Producer Price Index for final demand increased 0.3 percent in January, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 percent in December
2023 and advanced 0.1 percent in November. (See table A.) On an unadjusted basis, the index for final
demand rose 0.9 percent for the 12 months ended January 2024.
In January, the advance in the index for final demand can be traced to a 0.6-percent rise in prices for
final demand services. In contrast, the index for final demand goods decreased 0.2 percent.
The index for final demand less foods, energy, and trade services rose 0.6 percent in January 2024, the
largest advance since moving up 0.6 percent in January 2023. For the 12 months ended January 2024,
prices for final demand less foods, energy, and trade services increased 2.6 percent.
Chart 1. One-month percent changes in selected PPI final demand price indexes, seasonally adjusted
Percent change
2.0
1.0
0.0
-1.0
-2.0
Jan'23

Feb

Mar

Apr

May

Final demand

June

July

Aug

Sep

Final demand goods

Oct

Nov

Dec

Jan'24

Final demand services

Chart 2. Twelve-month percent changes in selected PPI final demand price indexes, not seasonally adjusted
Percent change
8.0
6.0
4.0
2.0
0.0
-2.0
-4.0
-6.0
Jan'23

Feb

Mar

Apr
Final demand

May

June

July

Aug

Final demand goods

Sep

Oct

Nov

Final demand services

Dec

Jan'24

Final Demand
Final demand services: The index for final demand services moved up 0.6 percent in January, the largest
increase since rising 0.8 percent in July 2023. In January, most of the advance is attributable to prices for
final demand services less trade, transportation, and warehousing, which climbed 0.8 percent. The index for
final demand trade services moved up 0.2 percent. (Trade indexes measure changes in margins received by
wholesalers and retailers.) Conversely, prices for final demand transportation and warehousing services fell
0.4 percent.
Product detail: A 2.2-percent increase in the index for hospital outpatient care was a major factor in the
January rise in prices for final demand services. The indexes for chemicals and allied products wholesaling,
machinery and equipment wholesaling, portfolio management, traveler accommodation services, and legal
services also moved higher. In contrast, prices for long-distance motor carrying decreased 1.0 percent. The
indexes for computer hardware, software, and supplies retailing and for engineering services also moved
lower. (See table 2.)
Final demand goods: The index for final demand goods moved down 0.2 percent in January, the fourth
consecutive decline. Most of the January decrease is attributable to a 1.7-percent drop in prices for final
demand energy. The index for final demand foods fell 0.3 percent. Conversely, prices for final demand goods
less foods and energy increased 0.3 percent.
Product detail: Leading the January decline in the index for final demand goods, prices for gasoline fell 3.6
percent. The indexes for electric power; hay, hayseeds, and oilseeds; beef and veal; ethanol; and iron and
steel scrap also moved lower. In contrast, prices for communication and related equipment increased 2.4
percent. The indexes for soft drinks and for liquified petroleum gas also moved higher.

2

Intermediate Demand by Commodity Type
Within intermediate demand in January, the index for processed goods fell 0.2 percent, prices for
unprocessed goods edged up 0.1 percent, and the index for services rose 0.5 percent. (See tables B and C.)
Processed goods for intermediate demand: The index for processed goods for intermediate demand fell
0.2 percent in January, the fourth consecutive decrease. Leading the January decline, prices for processed
energy goods dropped 1.7 percent. The index for processed foods and feeds moved down 1.5 percent.
Conversely, prices for processed materials less foods and energy advanced 0.3 percent. For the 12 months
ended in January, the index for processed goods for intermediate demand decreased 3.8 percent.
Product detail: Leading the decline in prices for processed goods for intermediate demand, the index for
electric power fell 2.1 percent. Prices for basic organic chemicals, gasoline, meats, prepared animal feeds,
and lubricating oil base stocks also moved lower. In contrast, the index for inedible fats and oils jumped 23.3
percent. Prices for utility natural gas and for cold rolled steel sheet and strip also increased.
Unprocessed goods for intermediate demand: The index for unprocessed goods for intermediate demand
inched up 0.1 percent in January following three straight declines. The increase is attributable to prices for
unprocessed energy materials, which rose 3.8 percent. Conversely, the index for unprocessed foodstuffs and
feedstuffs fell 2.2 percent, and prices for unprocessed nonfood materials less energy moved down 1.7
percent. For the 12 months ended in January, the index for unprocessed goods for intermediate demand
declined 15.0 percent.
Product detail: Leading the rise in prices for unprocessed goods for intermediate demand in January, the
index for crude petroleum advanced 6.1 percent. Prices for slaughter steers and heifers; construction sand,
gravel, and crushed stone; slaughter turkeys; and unprocessed finfish also increased. In contrast, the index for
corn declined 6.5 percent. Prices for hay, hayseeds, and oilseeds; iron and steel scrap; and natural gas also
moved lower.

3

Services for intermediate demand: In January, the index for services for intermediate demand moved up
0.5 percent, the third consecutive advance. Leading the January increase, prices for services less trade,
transportation, and warehousing for intermediate demand rose 0.7 percent. The index for trade services for
intermediate demand edged up 0.1 percent. Conversely, prices for transportation and warehousing for
intermediate demand declined 0.1 percent. For the 12 months ended in January, the index for services for
intermediate demand advanced 3.1 percent.
Product detail: A 1.6-percent increase in the index for nonresidential real estate rents was a major factor in
the January advance in prices for services for intermediate demand. The indexes for chemicals and allied
products wholesaling; portfolio management; legal services; residential property management fees; and
metals, minerals, and ores wholesaling also moved higher. In contrast, prices for long-distance motor
carrying declined 1.0 percent. The indexes for food and alcohol wholesaling and for radio advertising time
sales also decreased.

Intermediate Demand by Production Flow
Stage 4 intermediate demand: The index for stage 4 intermediate demand moved up 0.4 percent in January,
the largest increase since a 0.4-percent rise in August 2023. In January, prices for total services inputs to
stage 4 intermediate demand advanced 0.8 percent. Conversely, the index for total goods inputs declined 0.2
percent. (See table D.) Increases in the indexes for chemicals and allied products wholesaling, portfolio
management, nonresidential real estate rents, legal services, residential property management fees, and
inedible fats and oils outweighed decreasing prices for electric power, engineering services, and meats. For
the 12 months ended in January, the index for stage 4 intermediate demand rose 1.5 percent.

4

Stage 3 intermediate demand: Prices for stage 3 intermediate demand were unchanged in January
following three consecutive declines. In January, a 0.2-percent advance in the index for total services inputs
to stage 3 intermediate demand offset a 0.3-percent decrease in prices for total goods inputs. Increases in the
indexes for chemicals and allied products wholesaling, legal services, nonresidential real estate rents,
slaughter steers and heifers, and inedible fats and oils offset falling prices for corn, raw milk, slaughter
chickens, cable network advertising time sales, and primary basic organic chemicals. For the 12 months
ended in January, the index for stage 3 intermediate demand moved down 2.6 percent.
Stage 2 intermediate demand: Prices for stage 2 intermediate demand increased 0.5 percent in January
following a 1.4-percent decline in December. The index for total goods inputs to stage 2 intermediate
demand advanced 0.6 percent, and prices for total services inputs moved up 0.4 percent. Increases in the
indexes for crude petroleum, legal services, chemicals and allied products wholesaling, loan services
(partial), liquefied petroleum gas, and traveler accommodation services outweighed declines in the indexes
for basic organic chemicals, oilseeds, and fuels and lubricants retailing. For the 12 months ended in January,
prices for stage 2 intermediate demand decreased 3.8 percent.
Stage 1 intermediate demand: Prices for stage 1 intermediate demand rose 0.2 percent in January following
three consecutive declines. In January, the index for total services inputs to stage 1 intermediate demand
increased 0.7 percent. In contrast, prices for total goods inputs fell 0.3 percent. Advances in the indexes for
chemicals and allied products wholesaling; inedible fats and oils; traveler accommodation services; portfolio
management; metals, minerals, and ores wholesaling; and utility natural gas outweighed decreasing prices
for basic organic chemicals, electric power, and engineering services. For the 12 months ended in January,
the index for stage 1 intermediate demand moved down 0.7 percent.

________________
The Producer Price Index for February 2024 is scheduled to be released on Thursday, March 14,
2024, at 8:30 a.m. (ET).
*****
5

Recalculation of Seasonal Adjustment Factors
Effective with this release, seasonal adjustment factors have been recalculated to reflect price-movement
patterns during 2023 for the Final Demand-Intermediate Demand (FD-ID) system and commodity-grouping
indexes. This routine annual recalculation may affect previously published seasonally adjusted indexes and
percent changes for January 2019 through December 2023.
Revised seasonally adjusted data for this period, as well as seasonal adjustment factors for directly adjusted
commodity indexes to be used through December 2024, were released February 14, 2024. To obtain this
information, contact the Producer Price Index Section of Index Analysis and Public Information at ppiinfo@bls.gov or (202) 691-7705, or visit the Producer Price Index homepage at www.bls.gov/ppi.
Tables E and F below provide monthly seasonally adjusted percent changes for major FD-ID system indexes
in 2023, based on former and recalculated seasonal factors. These percent changes include final price data
through August 2023 and may differ from values shown in tables A through C of this release, which include
final price data through September 2023 and revised interim data for October through December.
Table E. Over-the-month percent changes in major final demand indexes, seasonally adjusted, using
former and recalculated seasonal factors for 2023
Final demand
Month
January
February
March
April
May
June
July
August
September
October
November
December

Former
0.4
0.0
-0.4
0.2
-0.3
0.1
0.5
0.7
0.4
-0.4
-0.1
-0.1

Recalculated
0.4
0.0
-0.4
0.2
-0.2
0.0
0.6
0.6
0.4
-0.4
-0.1
-0.2

Final demand goods
Former
1.3
-0.4
-1.1
0.1
-1.5
0.0
0.3
1.9
0.8
-1.4
-0.3
-0.4

Recalculated
1.1
-0.6
-0.8
-0.1
-1.2
-0.1
0.2
1.7
0.8
-1.3
-0.2
-0.3

Final demand services
Former
0.0
0.2
-0.1
0.2
0.2
0.1
0.7
0.2
0.2
0.0
0.0
0.0

Recalculated
0.1
0.2
-0.2
0.3
0.2
0.0
0.8
0.2
0.2
0.0
0.0
-0.1

Final demand less foods,
energy, and trade services
Former
Recalculated
0.6
0.5
0.3
0.3
0.1
0.1
0.2
0.2
0.0
0.0
0.2
0.3
0.2
0.2
0.2
0.2
0.3
0.3
0.1
0.1
0.0
0.1
0.2
0.2

Table F. Over-the-month percent changes in major intermediate demand indexes, seasonally adjusted,
using former and recalculated seasonal factors for 2023
Month
January
February
March
April
May
June
July
August
September
October
November
December

Processed goods for
intermediate demand
Former
Recalculated
1.0
1.1
-0.4
-0.4
-0.8
-1.0
-0.7
-0.5
-1.4
-1.6
-0.5
-0.5
-0.3
-0.3
2.0
2.1
0.5
0.6
-1.0
-1.0
-0.6
-0.4
-0.5
-0.6

Unprocessed goods for
intermediate demand
Former
Recalculated
-4.2
-4.7
-5.2
-4.9
-4.6
-4.7
0.6
1.1
-4.9
-5.2
-1.2
-1.0
2.5
2.4
2.1
2.3
2.9
3.3
-1.6
-2.0
-2.3
-2.4
-4.3
-4.4

6

Services for intermediate
demand
Former
Recalculated
0.9
1.0
0.3
0.3
-0.2
-0.3
0.6
0.7
0.1
0.2
0.0
0.1
0.7
0.6
-0.1
-0.1
0.2
0.2
0.0
0.0
0.3
0.3
0.4
0.4

Technical Note
from the Benchmark Input-Output Accounts of the U.S. In
many cases, the same commodity is purchased by different
types of buyers. As a result, commodities are often included
in several FD-ID indexes. For example, regular gasoline is
purchased for personal consumption, export, government use,
and business use. The PPI program publishes only one
commodity index for regular gasoline (wpu057104), reflecting
sales to all types of buyers, and this index is used in all
aggregations regardless of whether the gasoline is sold for
personal consumption, as an export, to government, or to
businesses. Proportions based on BEA “Use of Commodities”
data are used to allocate the correct portion of the total weight
of gasoline to each use category. In cases when buyer type is
an important price determining characteristic, indexes are
created based on specific buyer type. For example, within the
PPI category for loan services, separate indexes for consumer
loans and business loans were constructed. For more
information relating to the FD-ID structure, see “A new,
experimental system of indexes from the PPI program” in the
February 2011 Monthly Labor Review.

Brief Explanation of Producer Price Indexes
The Producer Price Index (PPI) of the Bureau of Labor
Statistics (BLS) is a family of indexes that measures the
average change over time in prices received (price changes) by
producers for domestically produced goods, services, and
construction. 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.
More than 10,000 PPIs for individual products and groups
of products are released each month. PPIs are available for the
products of virtually every industry in the mining and
manufacturing sectors. Over time, new PPIs have been
introduced for products of industries in the services and
construction sectors of the U.S. economy. As of January 2023,
the PPI covered 69 percent of services as measured by 2017
Census revenue, and 17 percent of construction.
More than 64,000 price quotations per month are
organized into three sets of PPIs: (1) Final demandIntermediate demand (FD-ID) indexes, (2) commodity
indexes, and (3) indexes for the net output of industries and
their products. The FD-ID structure organizes products by
class of buyer and degree of fabrication as well as by stage of
production. The commodity structure organizes products by
similarity of end use or product type. The entire output of
various industries is sampled to derive price indexes for the
net output of industries and their products.

Final Demand: The final demand portion of the FD-ID
structure measures price change for commodities sold for
personal consumption, capital investment, government, and
export. The system is composed of six main price indexes:
final demand goods; final demand trade services; final demand
transportation and warehousing services; final demand
services less trade, transportation, and warehousing; final
demand construction; and overall final demand.
The final demand goods index measures price change for
both unprocessed and processed goods sold to final demand.
Fresh fruits sold to consumers and computers sold for capital
investment are examples of transactions included in the final
demand goods price index. The final demand trade services
index measures price change for the retailing and wholesaling
of merchandise sold to final demand, generally without
transformation. (Trade indexes measure changes in margins
received by wholesalers and retailers.) The final demand
transportation and warehousing services index tracks price
change for transportation of passengers, as well as,
transportation of cargo sold to final demand, and also includes
prices for warehousing and storage of goods sold to final
demand. The final demand services less trade, transportation,
and warehousing index measures price change for all services
other than trade and transportation sold to final demand.
Publishing, banking, lodging, and health care are examples of
these services. The final demand construction index tracks
price change for new construction, as well as maintenance and
repair construction sold to final demand. Construction of
office buildings is an example of a commodity that would be
included in the final demand construction index. Lastly, the
overall final demand index tracks price change for all types of
commodities sold to final demand by combining the five final
demand component indexes described above.

Final Demand–Intermediate Demand
Indexes
The PPI FD-ID structure measures price change for
goods, services, and construction sold to final demand and to
intermediate demand. The FD-ID system replaced the PPI
stage-of-processing (SOP) system as PPI’s primary
aggregation model with the release of data for January 2014.
The FD-ID model expands coverage beyond that of the SOP
system through the addition of services, construction, exports,
and government purchases.
Compared with finished goods under the SOP system, the
PPI for final demand goods includes nearly a 50 percent
expansion of coverage. This increase can be traced to the
addition of government purchases and exports. For overall
final demand, expansion to include final demand services
represents an even larger increase in coverage. In December
2022, final demand goods were about 30.7 percent of overall
final demand, final demand services were roughly 66.6
percent, and final demand construction was about 2.7 percent
of final demand. Within intermediate demand, coverage of
services for intermediate demand resulted in about a 45
percent increase in coverage of the intermediate demand
portion of the economy.
FD-ID indexes are constructed from commodity-based
producer output price indexes. Commodities are allocated to
aggregate indexes primarily based on the type of buyer. The
main source of data used to determine the type of buyer is the
“Use of commodities by industries, before redefinition,” table

Intermediate Demand: The intermediate demand portion of
the FD-ID system tracks price change for goods, services, and
construction products sold to businesses as inputs to
7

intermediate demand index, for example, tracks price change
for inputs consumed, but not produced, by industries included
in the fourth stage of production. Hence, the index tracks
price change in inputs to industries that primarily produce
final demand commodities (stage 4 producers primarily
produce commodities sold to final demand).
Examples of heavily weighted goods-producing industries
in stage 4 include the manufacture of light trucks and utility
vehicles, automobiles, and pharmaceuticals. Retail trade, food
service and drinking places, and hospitals are examples of
heavily weighted service industries included in stage 4. Stage
4 also includes all new construction industries. Examples of
goods consumed by stage 4 industries include motor vehicle
parts, commercial electric power, plastic construction
products, biological products, and beef and veal. Engineering
services, machinery and equipment wholesaling, long distance
motor carrying, and legal services constitute examples of
services consumed by stage 4 industries.
Examples of highly weighted goods-producing industries
included in stage 3 are motor vehicle parts manufacturing,
animal (except poultry) slaughtering and processing, and
semiconductor manufacturing. Services industries classified
in stage 3 include wholesale trade; insurance carriers;
architecture, engineering, and related services; and hotels and
motels. Examples of goods consumed by stage 3 industries
include slaughter steers and heifers, industrial electric power,
and hot rolled steel bars, plates, and structural shapes.
Services commonly consumed by stage 3 industries include
commissions from sales of property and casualty insurance,
business loans, temporary help services, and administrative
and general management consulting services.
Petroleum refineries; electricity generation, transmission,
and distribution; natural gas distribution; cattle ranching and
farming; and plastic materials and resin manufacturing are
among the goods-based industries assigned to stage 2.
Services industries that are heavily weighted in stage 2 include
management of companies and enterprises; non-depository
credit intermediation; insurance agencies and brokerages; and
services to buildings and dwellings. Goods commonly
purchased by stage 2 industries include crude oil, natural gas,
formula feeds, and primary basic organic chemicals. Services
that are heavily weighted in the intermediate demand stage 2
index are legal services, business loans, and cellular phone and
other wireless telecommunication.
Goods producing industries in stage 1 include oil and gas
extraction, paper mills, and grain farming. Real estate, legal
services, and advertising services are examples of highly
weighted services industries included in stage 1. Examples of
goods consumed by stage 1 industries are commercial and
industrial electric power and gasoline. Services commonly
consumed by stage 1 industries include solid waste collection,
chemicals and allied products wholesaling, and guestroom or
unit rental. It should be noted that all inputs purchased by
stage 1 industries are by definition produced either within
stage 1 or by latter stages of processing, leaving stage 1 less
useful for price transmission analysis. For additional
information
on
industry
stage
assignments,
see
www.bls.gov/ppi/fd-id/ppi-intermediate-demand-byproduction-flow-industry-stage-assignments.htm.

production, excluding capital investment. The system includes
two parallel treatments of intermediate demand. The first
treatment organizes intermediate demand commodities by
type. The second organizes intermediate demand commodities
into production stages, with the explicit goal of developing a
forward-flow model of production and price change.
The intermediate demand by commodity type portion of
the system organizes commodities by similarity of product.
The system is composed of six main price indexes:
unprocessed goods for intermediate demand; processed goods
for intermediate demand; intermediate demand trade services;
intermediate demand transportation and warehousing services;
intermediate demand services less trade, transportation, and
warehousing; and intermediate demand construction.
The unprocessed goods for intermediate demand price
index measures price change for goods sold to businesses as
inputs to production that have undergone no fabrication. Crude
petroleum sold to refineries is an example of an unprocessed
good sold to intermediate demand. The processed goods for
intermediate demand index tracks price change for fabricated
goods sold as business inputs. Examples include car parts sold
to car manufacturers and gasoline sold to trucking companies.
The index for trade services for intermediate demand
measures price change for the services of retailing and
wholesaling goods purchased by businesses as inputs to
production. The intermediate demand transportation and
warehousing services index measures price change for
business travel, as well as, transportation and warehousing of
cargo sold to intermediate demand. The intermediate demand
services less trade, transportation, and warehousing index
measures price change for services other than trade,
transportation, and warehousing sold as inputs to production.
Legal and accounting services purchased by businesses are
examples of intermediate demand services excluding trade,
transportation, and warehousing. Finally, the construction for
intermediate demand index measures price change for
construction purchased by firms as inputs to production. The
index for construction for intermediate demand tracks price
change for maintenance and repair construction purchased by
firms.
The production flow treatment of intermediate demand is
a stage-based system of price indexes. These indexes can be
used to study price transmission across stages of production
and final demand. This system is constructed in a manner that
maximizes forward flow of production between stages, while
minimizing back-flow of production. The production flow
treatment contains four main indexes: intermediate demand
stage 1, intermediate demand stage 2, intermediate demand
stage 3, and intermediate demand stage 4.
Indexes for the four stages were developed by first
assigning each industry in the economy to one of four stages
of production, where industries assigned to the fourth stage
primarily produce output consumed as final demand,
industries in the third stage primarily produce output
consumed by stage 4 industries, industries assigned to the
second stage primarily produce output consumed by stage 3
industries, and industries assigned to the first stage produce
output primarily consumed by stage 2 industries. The four
indexes then track prices for the net inputs consumed by
industries in each of the four stages of production. The stage 4
8

Comparing the PPI with CPI

addition, most industries have secondary product indexes that
show changes in prices received by establishments for
products chiefly made in some other industry. Some industries
have miscellaneous receipts indexes that track price changes
for 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.

Although some data users utilize the PPI as a potential
indicator of the Consumer Price Index (CPI), there are many
reasons why the PPI and the CPI may diverge. The scope of
the personal consumption portion of the PPI includes all
marketable output sold by domestic producers for households.
The scope of the CPI includes goods and services provided by
business or government, where explicit user charges are paid
by consumers. For example, the most heavily weighted item in
the CPI, owners’ equivalent rent, is excluded from the PPI.
The scope of the CPI includes imports. The PPI excludes
imports. The CPI only includes components of personal
consumption directly paid for by the consumers, while the PPI
includes components of personal consumption that may not be
paid for by consumers. For example, the PPI includes medical
services paid for by third parties. In contrast to CPI, PPI does
not completely cover services. PPIs exclude taxes, since they
do not represent producer revenue. Conversely, sales and other
taxes paid by consumers are part of household expenditure and
are included in the CPI. Additional technical differences
between PPI and CPI also exist. For more information see
“Comparing new final demand producer price indexes with
other Government price indexes,” Monthly Labor Review,
January 2014, at www.bls.gov/opub/mlr/.

Data Collection
PPIs are constructed using 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 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. The survey
is conducted online via the BLS Internet Data Collection
Facility (IDCF). Data provided by survey respondents are
supplemented with data from other sources for some areas.
Price data are provided by survey respondents on a
voluntary and confidential basis; only sworn BLS employees
are allowed access to individual company price reports. BLS
publishes price indexes, not actual prices. All PPIs are subject
to monthly revisions up to 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. Information on these resampling efforts
are noted in the PPI News Release and PPI Detailed Report in
the months they occur.
As part of an ongoing effort to expand coverage to sectors
of the economy other than mining and manufacturing, an
increasing number of service and construction sector
industries have been introduced into the PPI. The following
list of industries introduced since the mid-1990s includes the
month and year in which an article describing the industry’s
content appeared in the PPI Detailed Report.

Commodity Indexes
The commodity classification of the PPI organizes goods,
services, and construction by similarity of product or end use,
disregarding industry of origin. With the release of data for
July 2009, PPI expanded its commodity structure to include
indexes for services and construction products. Prior to this
date, the PPI commodity structure only included products
from goods producing sectors. Table 9 of the PPI Detailed
Report includes data for commodity indexes, organized in a
hierarchal structure, including major groupings, subgroups,
product classes, sub-product classes, and individual items.

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 11 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), more
detailed sub-products (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 that
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

Service and construction sector industries introduced into the
Producer Price Index, by SIC or NAICS code at their date of
introduction and the PPI Detailed Report issue that announces
their introduction
PPI Detailed
Title
Code
Report Issue
SIC

9

Wireless telecommunications
………….
Telephone communications, except
radio telephone
………………………….
Television broadcasting ………………..

4812

July 1999

4813

July 1995

Grocery stores …………………………..

4833
5411

July 2002
July 2000

Meat and fish (seafood) markets
……...
Fruit and vegetable markets

5421

July 2000

5431

July 2000

…………...
Candy, nut, and confectionery stores
…
Title

5441

July 2000

Code

PPI Detailed
Report Issue

SIC
Retail bakeries
…………………………..
Miscellaneous food stores ……………..
New car dealers
…………………………
Gasoline service stations ………………

443

January 2004

444

January 2004

451

January 2004

452

January 2004

Miscellaneous store retailers …………..

453

January 2004

5461

July 2000

5499

July 2000

Pipeline transportation of natural gas….

486210

June 2022

5511

July 2000

518111

July 2005

5541

January 2002

5551

January 2002

Internet service providers
……………….
Internet publishing and web search
portals
………………..…………………...
Commercial banking
…………………….
Savings institutions
……………………...
Direct health and medical insurance
carriers ……………………………………

519130

January 2010

522110

January 2005

522120

January 2005

524114

July 2004
PPI Detailed
Report Issue

Boat dealers
……………………………..
Recreational vehicle dealers …………..

5561

January 2002

Miscellaneous retail …………………….

59

January 2001

Security brokers, dealers, and
investment bankers
……………………..
Investment advice ………………………

6211

January 2001

6282

January 2003

Life insurance carriers ………………….

6311

January 1999

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 …………….

6331

July 1998

6412

January 2003

6512

January 1996

6531

January 1996

7372

January 1998

7374

January 2002

8082

January 1997

8111

January 1997

8711

January 1997

8712

January 1997

9331

July 1998

Legal services
…………………………...
Engineering design, analysis, and
consulting services ……………………..
Architectural design, analysis, and
consulting services
……………………...
Premiums for property and casualty
insurance
………………………………...

Electronics and appliance stores
……...
Building material and garden
equipment and supplies
dealers……………………..
Sporting goods, hobby, book, and
music stores
……………………………...
General merchandise stores …………..

Title

NAICS
Construction, mining, and forestry
machinery and equipment rental and
leasing
…………………………………….
Management consulting services
……...
Security guards and patrol services
…...
Offices of dentists
………………………..
Blood and organ banks …………………

236211
236221

July 2005

New school construction ……………….

236222

July 2006

New office construction
………………...
New health care building
construction...
Concrete contractors, nonresidential
building work …………………………….
Roofing contractors, nonresidential
building work …………………………….
Electrical contractors, nonresidential
building work …………………………….
Plumbing / HVAC contractors,
nonresidential building work
..………….
Merchant wholesalers, durable goods
..
Merchant wholesalers, nondurable
goods
……………………………………..

236223

January 2007

236224

January 2013

23811X

July 2008

23816X

July 2008

23821X

July 2008

23822X

July 2008

423

July 2005

424

July 2005

532412
541610

January 2005
January 2007

561612

July 2005

621210

January 2011

621991

January 2007

Amusement and theme parks ………….

713110

July 2006

Golf courses and country clubs ………..

713910

July 2006

Fitness and recreational sports centers
.
Commercial machinery repair and
maintenance……………………………...

713940

July 2005

811310

July 2007

Weights
Weights for most commodity groupings of the PPI, as
well as, weights for commodity-based aggregate indexes
calculated from commodity groupings, such as FD-ID indexes,
currently reflect 2017 values of shipments as reported in the
Census of Manufactures and other sources. From January
2018 to December 2022, PPI weights were derived from 2012
shipment values. Industry indexes now are calculated under
the 2022 NAICS structure utilizing 2017 value of shipment
weights and 2012 net output ratios. The 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 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 (which is composed of major
commodity groupings 01 through 15), are affected by the

NAICS
New Industrial building construction
…..
New warehouse building construction ..

Code

January 2008

10

Equals percent change

multiple counting of price change at successive stages of
processing, which can lead to exaggerated or misleading
signals about inflation. The intermediate demand by
commodity type FD-ID indexes partially correct for this
defect, but industry indexes, final demand FD-ID indexes, and
intermediate demand by production flow FD-ID indexes
consistently correct for this at all levels of aggregation.
Therefore, industry and FD-ID indexes are more appropriate
than broad commodity groupings for analysis of general price
trends.

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 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 Price Adjustment Guide for Contracting
Parties, on the Web at: www.bls.gov/ppi/publications/priceadjustment-guide-for-contracting-parties.htm.
Seasonal adjustment is accomplished using X-13
ARIMA, a software package published by the U.S. Census
Bureau. 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 from
the prior 5 years. 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 FD-ID
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; 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

Price Index Reference Base
Effective with publication of January 1988 data, many
important PPI series (including 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. The FD-ID indexes typically have a
reference base of November 2009 = 100.
For further information on the underlying concepts and
methodology of the Producer Price Index, see chapter 14,
“Producer Prices,” in the BLS Handbook of Methods. This
chapter can be downloaded from the BLS Web site at
www.bls.gov/opub/hom/homch14.htm.

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 Final Demand 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 final demand goods have risen from
$100 in November 2009 to $105.50. Likewise, a current index
of 90.0 would indicate that prices received by producers of
final demand goods are 10 percent lower than they were in
November 2009.
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
Final Demand Goods Price Index 107.5
Less previous index
104.0
Equals index point change
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
11

PPI time series identifiers. 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.

cause for large price movements for petroleum-based products
might have been the COVID-19 pandemic. In this case,
intervention techniques allowed for better estimates of
seasonally adjusted data. On the whole, very few series have
required intervention. Out of over 400 seasonally adjusted
commodity series, 69 were subject to intervention in 2023.
For more information relating to seasonal adjustment
methods, see “PPI and CPI Seasonal Adjustment: an Update”
in the July 2010 Monthly Labor Review, and “PPI and CPI
Seasonal Adjustment During the COVID-19 Pandemic” in the
May 2022 Monthly Labor Review.

EXAMPLES
For commodity and FD-ID indexes, series identifiers
combine a “wpu” prefix (not seasonally adjusted) or a
“wps” prefix (seasonally adjusted) with a commodity
code.

Producer Price Index Data on the Internet
In 1995, the BLS began posting PPI series, news releases,
and technical information to the internet. There were more
than 13 million instances of PPI data being downloaded from
the BLS website during 2022.

Commodity code
wps141101
wpu141101

Retrieving PPI data from the PPI Web site
PPI data can be obtained online (www.bls.gov/ppi). On
this page, under the tab labeled “Featured PPI databases” links
provide the following methods of data retrieval:
•

•

wpufd4

Top Picks is a form-based application for both Industry
Data and Commodity Data that allows the user to quickly
obtain PPI time series data by selecting the high-level
aggregate and other commonly requested time series,
including the All Commodities Index and the FD-ID
indexes (for example, Final Demand). 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.

wpsid63

One-Screen Data Search and Multi-Screen Data Search
are form-based query applications for both Industry Data
and Commodity Data designed for users unfamiliar with
the PPI coding structure. These applications guide a user
through the PPI classification by listing index titles and
do 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 multiple-screen, non-Java-based
application. Both methods allow a user to browse the PPI
coding structure and select multiple series. Users can
modify the date range and output options after executing
the query using the reformat button above the data output
table.

wdu0635

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

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 6digit 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

•

Provides data for:
Passenger cars, seasonally adjusted
Passenger cars, not seasonally
adjusted
Final demand, not seasonally
adjusted
Services for intermediate demand,
seasonally adjusted

Series Report is a form-based application that allows
users to input multiple, formatted PPI time series
identifiers (commodity or industry codes) as inputs 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
12

Provides data for:
Chemical manufacturing
Automobile and light duty
motor vehicle manufacturing
Offices of physicians, one- and
two-physician practices and
single-specialty group
practices, general/family
practice

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 in 2004.)
Industry-product code,
discontinued SIC series
pdu28_ _#
pdu331_#
pdu3711#111

Directory:
Industry Data
Industry Data - Discontinued
(NAICS basis)
(SIC basis)
Commodity Data (incl. FD-ID)
Commodity Data – Discontinued
Special requests

•

/pub/time.series/nd
/pub/time.series/pd
/pub/time.series/wp
/pub/time.series/wd
/pub/special.requests/ppi

Additional information
Provides data for:
Chemicals and allied products
Blast furnaces, steel works,
and rolling and finishing mills
Passenger cars

The PPI homepage (www.bls.gov/ppi) contains
additional information regarding PPI data and methodology.
The “PPI Publications” section of the homepage provides PPI
news releases, both current and archived, as well as general
PPI information. The “PPI Tables” 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. If
you are deaf, hard of hearing, or have a speech disability,
please dial 7-1-1 to access telecommunications relay services.

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 group codes.
Industry-product code,
discontinued NAICS series
ndu212231212231
ndu2122312122312
ndu212231212231214

/pub/time.series/pc

Provides data for
Lead and zinc ore mining
Lead, zinc concentrates
Lead concentrates

Text Files 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
tables and relative importance tables. The text files
can be accessed at download.bls.gov/ or directly
from links on the “PPI Databases” page or the PPI
homepage. Data and documentation available for
download include the following:

13

Table 1. Producer price index percentage changes and weights for Final Demand-Intermediate Demand
groupings, seasonally adjusted
[January 2024]
Commodity
code
Grouping
Group
code

Item
code

Relative
Importance
Dec.
20231

Unadjusted
12-month
percent
change2

Seasonally adjusted 1-month percent change2

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

Final Demand
Final demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer foods3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer foods, crude. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer foods, processed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer energy goods3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods less foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods less foods and energy3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer goods less foods and energy. . . . . . . . . . . . . . . . . . . . . .
Nondurable consumer goods less foods and energy. . . . . . . . . . . . . . . . .
Durable consumer goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital equipment for manufacturing industries. . . . . . . . . . . . . . .
Private capital equipment for nonmanufacturing industries. . . . . . . . . . .
Government purchased goods, excluding foods and energy. . . . . . . . . . . . . .
Government purchased goods excluding foods, energy, and capital
equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods for export, excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand trade services4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of finished goods3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of personal consumption goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of private capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of government purchased goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of government purchased goods, excluding capital equipment. . .
Trade of government purchased capital equipment. . . . . . . . . . . . . . . . . . . .
Trade of exports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand transportation and warehousing services. . . . . . . . . . . . . . . . . . . . .
Transportation of passengers for final demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of private passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of government passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods for final demand. . . . . . . . . . . . . . .
Transportation and warehousing of finished goods3. . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of personal consumption goods. . . . .
Transportation and warehousing of private capital equipment. . . . . . . .
Transportation and warehousing of government purchased goods. . . . . .
Transportation and warehousing of exports. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services less trade, transportation, and warehousing. . . . . . . . .
Finished services less trade, transportation, and warehousing3. . . . . . . . . . .
Finished consumer services less trade, transportation, and
warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital investment services less trade, transportation, and
warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased services less trade, transportation, and
warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gov. purchased services less trade, transportation, and warehousing,
excl. capital investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased capital investment services less trade,
transportation, and warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services for export less trade, transportation, and warehousing. . . . . . . . . . .
Final demand construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction for private capital investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction for government. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

4
41
411
4111
41113
41112
4112
4113
412
4121
4122
4123
413
4131
41311
413111
413112
41312
413121
413122
4132

100.000
30.099
5.587
4.272
0.351
3.921
0.405
0.910
5.515
4.287
0.837
0.391
18.996
10.931
5.809
3.519
2.290
5.122
1.254
3.868
1.959

0.9
-1.7
-3.6
-2.3
-23.5
0.4
-0.4
-10.7
-9.8
-7.8
-16.8
-15.0
1.6
2.4
2.1
3.0
0.8
2.6
3.6
2.4
1.5

0.2
0.9
0.4
0.4
-4.0
0.7
1.1
0.0
3.2
3.2
2.8
3.6
0.3
0.1
0.1
0.1
0.2
0.2
0.1
0.2
0.8

-0.4
-1.3
0.2
0.3
-2.8
0.6
1.1
-0.6
-6.5
-7.2
-4.6
-1.9
0.1
0.1
0.1
0.2
-0.2
0.1
0.1
0.1
0.1

0.1
-0.1
0.7
0.8
19.4
-0.7
-0.1
0.7
-1.8
-1.4
-2.8
-4.0
0.1
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.0

-0.1
-0.3
-0.7
-0.6
-6.3
0.0
-0.6
-1.3
-1.0
0.4
-5.0
-7.1
0.1
0.0
0.1
0.1
0.0
0.0
0.2
0.0
0.0

0.3
-0.2
-0.3
0.4
7.9
-0.3
-1.3
-2.9
-1.7
-1.7
-1.7
-0.9
0.3
0.4
0.2
0.3
0.2
0.6
0.8
0.5
0.5

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

41321
41322
4133
42
423
4231
42311
42312
4232
42321
42322
4233
422
4221
42211
42212
42213
4222
42221
422211
422212
42222
42223
421
4211

1.146
0.813
6.106
67.245
19.337
16.652
13.614
3.038
0.758
0.478
0.280
1.927
4.925
1.262
0.851
0.102
0.309
3.663
2.370
1.910
0.460
0.220
1.073
42.982
37.459

-0.4
4.1
0.2
2.2
-0.2
-0.7
-0.4
-1.9
2.7
4.2
0.2
2.9
-4.3
-2.3
-2.3
-2.3
-2.4
-4.9
-5.5
-5.3
-6.3
-4.1
-3.7
4.1
4.0

0.2
1.6
0.3
-0.1
-1.1
-0.9
-0.2
-3.8
-2.4
-0.2
-6.1
-2.4
0.4
-2.2
-2.2
-2.2
-2.2
1.3
1.3
1.3
1.4
1.2
1.2
0.3
0.3

0.1
0.1
0.0
0.1
0.0
-0.2
-0.2
-0.2
1.3
1.2
1.4
1.5
0.5
1.2
1.2
1.2
1.2
0.2
0.2
0.2
0.2
0.1
0.3
0.0
0.1

-0.1
0.2
0.1
0.2
0.4
0.1
-0.5
2.8
1.9
0.4
4.4
2.3
-0.2
-0.5
-0.5
-0.5
-0.5
-0.1
-0.1
-0.1
-0.1
-0.1
-0.2
0.1
0.1

0.0
0.1
0.1
-0.1
-1.0
-0.7
0.2
-4.7
-2.8
-0.5
-6.6
-2.9
-0.2
2.3
2.3
2.2
2.3
-1.0
-1.1
-1.1
-1.3
-0.9
-0.8
0.3
0.3

0.1
1.0
0.0
0.6
0.2
0.0
-0.3
1.7
0.9
-0.8
3.7
2.0
-0.4
-0.5
-0.5
-0.5
-0.5
-0.3
-0.4
-0.4
-0.5
-0.3
-0.2
0.8
0.8

FD

42111

32.980

4.2

0.3

0.1

0.1

0.3

1.0

FD

42112

4.479

2.9

0.1

0.3

0.0

0.3

-0.2

FD

4212

2.807

3.6

0.3

-0.4

0.2

0.5

0.8

FD

42121

2.644

3.7

0.3

-0.4

0.2

0.5

0.8

FD
FD
FD
FD
FD

42122
4213
43
431
432

0.163
2.716
2.656
1.846
0.810

1.9
5.5
-1.0
-1.1
-0.7

-0.3
0.6
0.1
0.1
0.0

0.5
-0.6
-0.3
-0.3
-0.2

-0.7
-0.1
-0.1
-0.2
-0.1

0.5
1.0
0.1
0.1
0.0

0.1
0.8
0.3
0.3
0.4

Final demand less exports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FD
Final demand less government. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FD

49101
49102

86.568
92.102

1.1
1.0

0.2
0.2

-0.4
-0.3

0.0
0.1

-0.1
-0.1

0.3
0.3

Special Groupings of Final Demand

See footnotes at end of table.

14

Table 1. Producer price index percentage changes and weights for Final Demand-Intermediate Demand
groupings, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Final demand less foods, food and nonalcoholic beverages for immediate
consumption, and energy5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less foods and energy5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less foods and food and nonalcoholic beverages for immediate
consumption5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less foods5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less distributive services6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods less foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services less trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand distributive services6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods plus final demand distributive services6. . . . . . . . . . . . . . . . . . . .
Final demand less foods, energy, and trade services5. . . . . . . . . . . . . . . . . . . . . . . . . .
Private and government purchased capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . .
Private and government purchased capital investment services. . . . . . . . . . . . . . . . .
Total private and government purchased capital investment. . . . . . . . . . . . . . . . . . . . .
Total finished3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods, food and nonalcoholic beverages for immediate
consumption, and energy3, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods and energy3, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods and food and nonalcoholic beverages for immediate
consumption3, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods3, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less energy3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods less energy3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods, excluding foods3, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished services3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital investment services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished distributive services3, 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished services less trade services3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished services less distributive services3, 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total private capital investment (goods, services, and construction). . . . . . . . . . . . .
Finished goods plus finished distributive services3, 6. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total exports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total government purchases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total government purchased capital investment (goods, services, construction).. .
Government purchases, defense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchases, non-defense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption goods (finished consumer goods). . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption goods less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption goods less foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption nondurable goods less foods. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less distributive services6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less foods, energy, and trade services4. . . . . . . . . . . . . . . . . .
Personal consumption less foods, energy, and distributive services6. . . . . . . . . . . .
Personal consumption goods plus personal consumption distributive services6. . .

Item
code

Relative
Importance
Dec.
20231

Unadjusted
12-month
percent
change2

Seasonally adjusted 1-month percent change2

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

FD
FD

49103
49104

88.469
88.898

1.9
2.0

0.0
0.0

0.0
0.0

0.1
0.1

-0.1
-0.1

0.5
0.5

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

49105
49106
49107
49108
49109
49111
49112
49113
49114
49115
49116
49117
49118
49119
49201

93.984
94.413
94.485
80.663
77.000
24.583
24.511
47.907
23.000
53.098
69.561
5.935
8.420
14.355
78.668

1.1
1.2
1.6
1.2
1.5
0.3
-1.2
3.2
-1.0
-1.4
2.6
2.9
0.5
1.1
1.2

0.2
0.2
0.0
0.5
0.5
0.3
1.0
0.3
-0.7
0.2
0.3
0.4
-1.5
-0.6
0.2

-0.4
-0.4
0.1
-0.4
-0.5
0.1
-1.6
0.1
0.0
-0.7
0.1
0.1
0.2
0.1
-0.4

0.0
0.0
0.2
0.0
0.0
0.3
-0.3
0.1
0.3
0.1
0.1
0.2
1.1
0.6
0.0

-0.1
-0.1
-0.1
0.1
0.1
-0.1
-0.2
0.3
-1.0
-0.6
0.2
0.0
-1.8
-0.9
0.0

0.4
0.4
0.5
0.3
0.4
0.2
-0.2
0.7
0.2
0.0
0.6
0.6
0.6
0.6
0.4

FD
FD

49202
49203

69.684
70.109

2.1
2.1

0.0
0.0

0.0
0.0

0.1
0.1

0.0
0.0

0.5
0.5

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

49204
49205
49206
49207
49208
49209
49210
49211
49212
49213
49214
49215
49216
49301
49302
49303
49401
49402
49403
49404
49405
49406
49501
49502
49503
49504
49508
49505
49506
49507
49510
49511
49512
49509

73.971
74.396
74.381
19.490
15.203
15.218
57.332
7.977
19.022
40.680
38.310
14.945
38.512
13.432
7.407
6.025
7.898
3.201
3.887
2.066
2.345
5.553
63.723
14.368
10.081
10.096
7.806
49.355
50.109
48.199
55.164
41.550
39.640
29.892

1.4
1.4
1.8
-1.1
1.0
-0.7
2.1
0.5
-1.3
3.3
3.9
1.0
-1.2
-0.1
-2.2
2.5
-0.5
-4.2
2.8
1.5
-0.7
-0.4
1.3
-2.3
0.2
-2.4
-3.3
2.4
1.7
2.0
2.4
3.3
3.7
-1.7

0.2
0.2
0.0
0.9
0.2
1.1
0.0
-1.4
-0.6
0.3
0.3
-0.7
0.2
0.1
0.4
-0.4
0.5
1.4
-0.3
-0.2
0.8
0.3
0.4
1.2
0.2
1.6
1.9
0.2
0.6
0.6
0.2
0.3
0.3
0.6

-0.5
-0.5
0.0
-1.7
0.2
-2.2
0.0
0.1
-0.2
0.1
0.1
0.1
-1.0
0.0
-0.2
0.3
-0.5
-1.2
0.0
0.2
-0.3
-0.6
-0.5
-2.3
0.2
-3.3
-4.2
0.0
-0.6
-0.6
0.0
0.1
0.1
-1.2

0.0
0.0
0.1
-0.1
0.4
-0.3
0.1
1.1
0.1
0.1
0.1
0.6
0.0
0.2
-0.1
0.6
-0.1
-0.8
0.5
0.6
-0.2
-0.1
-0.1
-0.1
0.4
-0.5
-0.7
-0.1
0.0
0.0
0.0
0.1
0.1
-0.3

0.0
0.0
-0.1
0.0
-0.1
0.1
-0.1
-1.7
-0.8
0.2
0.3
-0.9
-0.4
-0.5
-0.4
-0.5
-0.7
-1.4
-0.2
-0.9
-1.5
-0.3
0.2
0.0
-0.2
0.2
0.3
0.2
0.2
0.2
0.2
0.2
0.3
0.0

0.4
0.4
0.5
-0.1
0.4
-0.2
0.5
0.5
0.0
0.7
0.8
0.5
-0.1
0.2
-0.4
0.9
0.2
-0.3
0.7
1.0
0.4
0.2
0.3
-0.3
0.3
-0.6
-0.8
0.5
0.5
0.5
0.5
0.8
0.8
-0.3

ID6
ID6
ID6
ID6
ID6
ID6
ID6

1
11
111
1111
1112
1113
112

100.000
43.089
26.451
4.344
11.712
10.395
16.638

-3.8
-2.1
-4.4
-6.4
-7.8
0.6
1.7

0.5
0.1
0.0
0.8
0.7
-1.0
0.1

-1.0
-0.1
-0.3
0.5
0.4
-1.4
0.1

-0.5
-0.4
-0.6
-0.6
-0.7
-0.7
0.1

-0.5
0.1
0.1
-0.3
-0.6
1.0
0.3

-0.2
0.3
0.2
-1.5
-0.7
1.9
0.4

Intermediate Demand by Commodity Type
Processed goods
Processed goods for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials and components for manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for food manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for nondurable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for durable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Components for manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

See footnotes at end of table.

15

Table 1. Producer price index percentage changes and weights for Final Demand-Intermediate Demand
groupings, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Components for nondurable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Components for durable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials and components for construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Components for construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed fuels and lubricants for intermediate demand. . . . . . . . . . . . . . . . . . . . . .
Processed fuels and lubricants to manufacturing industries. . . . . . . . . . . . . . . . .
Processed fuels and lubricants to nonmanufacturing industries. . . . . . . . . . . . .
Containers for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to manufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to nonmanufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to nonmanufacturing industries, feeds. . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to nonmanufacturing industries, other than feeds. . . . . . . . . . . . . . . .

Item
code

Relative
Importance
Dec.
20231

Unadjusted
12-month
percent
change2

Seasonally adjusted 1-month percent change2

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6

1121
1122
12
121
122
13
131
132
14
15
151
152
1521
1522

0.801
15.837
10.771
4.730
6.041
18.764
4.777
13.987
3.103
24.273
3.228
21.045
2.214
18.831

-1.0
1.8
1.4
1.7
1.2
-12.6
-10.4
-13.3
-3.2
-1.4
-0.2
-1.5
-11.0
-0.3

-0.4
0.1
0.3
0.4
0.2
2.1
1.3
2.3
-0.3
0.1
0.0
0.2
0.2
0.2

0.0
0.1
0.0
-0.4
0.4
-4.3
0.0
-5.7
-0.2
-0.1
0.0
-0.1
-2.0
0.1

0.0
0.1
0.1
0.0
0.2
-1.8
-0.8
-2.2
-0.3
-0.1
0.0
-0.1
0.1
-0.2

0.3
0.3
0.2
0.0
0.3
-2.8
-1.9
-3.0
0.0
-0.1
0.1
-0.1
-1.7
0.0

0.2
0.4
0.3
0.3
0.2
-1.7
-2.2
-1.5
-0.2
-0.2
0.5
-0.3
-2.4
0.0

ID6
ID6
ID6
ID6
ID6

2
21
22
221
2211

100.000
38.165
61.836
50.586
47.969

-15.0
-14.5
-15.3
-4.2
-4.7

2.9
1.2
4.0
5.3
5.6

-1.6
-2.1
-1.4
-1.9
-2.0

-2.1
-0.4
-3.1
-5.0
-5.3

-4.4
-3.3
-5.1
-5.5
-5.8

0.1
-2.2
1.6
2.2
2.2

ID6
ID6
ID6
ID6

2212
222
2221
2222

2.617
11.250
1.006
10.244

8.0
-46.2
-14.9
-48.2

0.4
-2.9
-3.3
-2.8

0.4
1.6
2.5
1.5

0.5
7.6
3.7
8.0

0.4
-3.1
-1.0
-3.3

3.2
-1.5
0.0
-1.7

ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6

3
33
331
332
32
321
3211
3212
322
3221

100.000
18.328
9.049
9.279
13.925
1.033
0.123
0.910
12.892
2.732

3.1
3.7
3.9
3.5
-0.5
-2.3
-2.3
-2.3
-0.3
-3.1

0.3
-0.4
-0.7
-0.1
0.8
-2.2
-2.2
-2.2
1.1
0.9

-0.1
1.4
1.4
1.5
0.4
1.2
1.2
1.2
0.4
0.2

0.5
1.3
2.1
0.7
-0.1
-0.5
-0.5
-0.5
-0.1
0.1

0.4
-0.3
-0.5
0.0
0.8
2.2
2.3
2.2
0.6
-0.7

0.5
0.1
1.1
-0.8
-0.1
-0.5
-0.5
-0.5
-0.1
-0.1

Unprocessed goods
Unprocessed goods for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed foodstuffs and feedstuffs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials except fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials except fuel to manufacturing industries. . .
Unprocessed nonfood materials except fuel to nonmanufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed fuel to manufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed fuel to nonmanufacturing industries. . . . . . . . . . . . . . . . . . . . . . . .
Services
Services for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services for intermediate demand4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services for manufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services for nonmanufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services for intermediate demand. . . . . . . . . . . .
Transportation of passengers for intermediate demand. . . . . . . . . . . . . . . . . . . . .
Transportation of passengers for manufacturing industries. . . . . . . . . . . . . . . .
Transportation of passengers for nonmanufacturing industries. . . . . . . . . . . .
Transportation and warehousing of goods for intermediate demand. . . . . . . . .
Transportation and warehousing of goods for manufacturing industries. . . .
Transportation and warehousing of goods for nonmanufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing for intermediate
demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing for manufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing for nonmanufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID6

3222

10.160

0.4

1.1

0.4

-0.2

1.0

-0.1

ID6

31

67.747

3.6

0.4

-0.5

0.4

0.5

0.7

ID6

311

2.130

4.6

0.2

0.3

0.1

0.4

1.6

ID6

312

65.617

3.6

0.4

-0.6

0.4

0.5

0.7

100.000

2.9

0.0

0.1

0.0

0.0

0.4

9111
9112
9113
9118
9115
9116
9117
9211
9212
9213
9216

91.153
8.847
18.764
81.236
72.389
31.220
–
56.663
36.891
63.109
24.944

-3.5
-6.5
-12.6
-1.5
-0.8
2.0
-2.0
-13.7
-19.6
-11.6
-6.9

0.5
0.7
2.1
0.1
0.0
0.2
0.4
4.8
6.8
0.6
-0.4

-1.1
-0.2
-4.3
-0.1
-0.1
1.0
-0.4
-1.2
-2.1
-1.3
0.0

-0.6
-0.5
-1.8
-0.2
-0.2
0.7
-0.2
-3.1
-5.4
0.0
0.8

-0.5
-0.6
-2.8
0.1
0.2
0.1
-0.3
-5.5
-8.6
-1.8
0.6

-0.1
-1.5
-1.7
0.1
0.3
0.1
-0.1
2.2
3.8
-2.0
-1.7

4
41
411

100.000
29.665
21.643

1.5
-0.1
-1.6

0.3
-0.1
-0.1

-0.3
0.0
-0.2

0.2
0.3
-0.1

0.2
-0.2
-0.1

0.4
0.2
0.1

Construction
Construction for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ID6

4

Special Groupings of Intermediate Demand by Commodity Type
Processed materials less foods and feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed foods and feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed energy goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed materials less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed materials less foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Intermediate distributive services7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed goods plus intermediate distributive services. . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed materials less agricultural products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed energy materials8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed materials less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials less energy9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6

Intermediate Demand by Production Flow
Stage 4 Intermediate Demand
Stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ID5
Inputs to stage 4 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ID5
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ID5

See footnotes at end of table.

16

Table 1. Producer price index percentage changes and weights for Final Demand-Intermediate Demand
groupings, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code

Item
code

Relative
Importance
Dec.
20231

Unadjusted
12-month
percent
change2

Seasonally adjusted 1-month percent change2

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Inputs to stage 4 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 4 construction producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

4111
4112
4113
412
4123
4122
41221
41222
4121
42
421
4211
4212
4213
422
4223
4222
42221
42222
4221
423
43
431
4312
4313
432
4323
4322
43221
43222
4321

2.941
0.170
18.532
8.022
6.017
0.492
0.076
0.416
1.513
55.644
13.716
2.241
4.062
7.413
41.875
4.149
3.724
0.480
3.244
34.002
0.053
14.690
10.712
0.762
9.950
3.978
1.728
0.661
0.015
0.646
1.589

-10.5
-17.2
0.2
3.9
4.5
-2.4
-2.4
-2.4
3.6
2.6
-1.8
-3.8
-4.8
0.6
4.1
3.3
0.4
-2.3
0.8
4.6
2.9
0.7
0.6
-14.8
2.0
1.1
2.9
-5.7
-2.3
-5.8
2.1

-0.8
4.8
0.0
-0.2
-0.4
0.5
-2.2
1.0
0.7
0.4
0.5
1.2
0.9
0.1
0.3
-0.4
0.7
-2.2
1.1
0.4
0.0
0.6
0.7
4.7
0.4
0.3
-0.1
1.3
-2.2
1.4
0.3

-1.4
4.2
-0.1
0.8
0.9
0.8
1.2
0.7
0.2
-0.5
-0.4
0.3
-1.5
0.0
-0.5
1.2
0.3
1.2
0.2
-0.8
0.1
-0.5
-1.0
-11.1
0.0
0.9
1.5
0.3
1.2
0.3
0.5

0.5
-6.7
-0.2
1.5
1.9
0.2
-0.5
0.3
0.3
0.2
0.0
-1.1
0.4
0.1
0.3
0.9
-0.2
-0.5
-0.2
0.2
0.0
0.1
-0.1
-3.5
0.2
0.7
1.5
-0.1
-0.5
0.0
0.0

-0.5
-5.5
0.0
-0.3
-0.4
-0.1
2.3
-0.6
0.3
0.4
0.0
-0.7
-0.1
0.2
0.5
-0.9
0.7
2.3
0.5
0.6
0.0
0.2
0.2
-1.0
0.3
0.0
0.3
-1.1
2.3
-1.2
0.1

-1.9
-1.9
0.4
0.5
0.6
0.0
-0.5
0.1
0.3
0.6
-0.8
-1.1
-2.3
0.2
1.0
0.9
-0.1
-0.5
0.0
1.1
0.4
0.0
0.2
-2.6
0.4
-0.4
-0.3
-0.4
-0.5
-0.3
-0.5

Stage 3 Intermediate Demand
Stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 3 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Inputs to stage 3 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 3 construction producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

3
31
311
3111
3112
3113
312
3123
3122
31221
31222
3121
32
321
3211
3212
3213
322
3223
3222
32221
32222
3221
323
33
331
3313
332
3323
3322
33222
3321

100.000
43.800
33.969
10.337
1.164
22.468
9.831
5.506
2.865
0.149
2.716
1.460
55.023
9.949
0.088
5.884
3.977
44.469
2.814
10.389
0.021
10.368
31.266
0.605
1.176
0.568
0.568
0.608
0.561
0.016
0.016
0.031

-2.6
-4.9
-6.4
-15.2
-12.5
-1.6
0.7
2.9
-4.5
-2.3
-4.6
3.4
-0.8
-13.2
-6.2
-20.4
-0.3
2.3
4.1
1.7
-0.1
1.7
2.4
2.9
1.3
-0.8
-0.8
3.4
3.5
0.9
0.9
2.7

0.5
0.4
0.5
1.5
3.5
-0.1
-0.2
-0.9
1.0
-2.2
1.2
0.2
0.7
2.0
-0.5
3.1
0.3
0.3
-0.2
1.1
-0.1
1.1
0.1
0.0
0.7
0.2
0.2
1.2
1.2
0.5
0.5
0.0

-0.6
-0.5
-1.0
-2.2
1.1
-0.6
1.1
1.7
0.3
1.2
0.2
0.5
-0.7
-4.2
0.0
-6.6
0.0
0.2
1.4
0.6
0.1
0.6
0.0
0.1
-0.1
-0.8
-0.8
0.6
0.6
0.5
0.5
0.4

-0.2
-0.2
-0.7
-1.6
-3.3
-0.2
1.5
2.6
0.0
-0.5
0.0
0.0
-0.2
-2.3
0.6
-3.7
0.0
0.4
0.0
-0.2
0.1
-0.2
0.6
0.0
0.4
0.0
0.0
0.7
0.8
0.6
0.6
-0.4

-0.4
-0.7
-0.8
-2.8
-3.3
0.3
-0.3
-0.2
-0.8
2.3
-0.9
0.2
-0.2
-4.3
-0.7
-7.0
0.0
0.8
0.5
1.6
0.2
1.6
0.5
0.0
0.1
0.2
0.2
0.0
0.0
-0.1
-0.1
0.5

0.0
0.1
-0.1
-2.3
0.1
0.9
0.8
1.6
-0.2
-0.5
-0.2
0.0
-0.1
-0.9
-0.6
-1.7
0.3
0.1
-1.6
-0.1
-0.1
-0.1
0.4
0.4
-0.3
0.3
0.3
-0.9
-1.0
0.4
0.4
0.9

Stage 2 Intermediate Demand

See footnotes at end of table.

17

Table 1. Producer price index percentage changes and weights for Final Demand-Intermediate Demand
groupings, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code

Item
code

Relative
Importance
Dec.
20231

Unadjusted
12-month
percent
change2

Seasonally adjusted 1-month percent change2

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

Stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 2 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 2 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

2
21
211
2111
2112
2113
212
2123
2122
21221
21222
2121
213
22
221
2211
2212
2213
222
2223
2222
22221
22222
2221
223

100.000
50.555
35.815
4.080
15.983
15.752
14.451
5.731
4.784
0.180
4.604
3.936
0.289
49.447
5.262
0.051
0.322
4.889
43.220
2.383
2.817
0.417
2.400
38.020
0.965

-3.8
-9.0
-13.0
-13.7
-19.4
-4.8
2.7
3.0
1.5
-2.2
1.7
3.8
2.9
2.1
-2.8
-12.9
-19.0
-1.4
2.7
1.3
-2.8
-2.3
-2.9
3.3
2.9

1.2
2.4
3.4
0.7
6.9
0.2
-0.1
-0.5
0.2
-2.1
0.3
0.0
0.0
-0.1
0.3
0.1
2.2
0.2
-0.1
-1.0
1.5
-2.2
2.2
-0.2
0.0

-0.3
-0.8
-1.3
-1.2
-2.5
0.1
0.6
1.0
0.3
1.2
0.3
0.2
0.1
0.2
-0.3
-0.7
-7.6
0.3
0.2
5.3
0.9
1.2
0.8
-0.1
0.1

-0.9
-1.7
-2.7
0.6
-5.4
-0.3
0.7
1.6
0.2
-0.5
0.3
0.0
0.0
0.0
-0.3
1.7
-2.5
-0.2
0.0
-1.3
-0.2
-0.5
-0.1
0.1
0.0

-1.4
-3.1
-4.2
-2.3
-8.3
-0.3
-0.2
-0.9
0.3
2.2
0.3
0.3
0.0
0.4
-0.3
-0.5
-2.9
-0.1
0.5
1.4
4.5
2.3
4.8
0.2
0.0

0.5
0.6
0.8
-4.6
3.8
-0.9
0.3
0.0
0.3
-0.4
0.4
0.7
0.4
0.3
-0.4
-1.1
-0.3
-0.4
0.4
-3.3
-0.5
-0.5
-0.5
0.7
0.4

Stage 1 Intermediate Demand
Stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 1 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 1 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 1 construction producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

1
11
111
1111
1112
1113
112
1123
1122
11221
11222
1121
113
12
121
1211
1212
1213
122
1223
1222
12221
12222
1221
123
13
131
1312
1313
132
1323
1322
13222
1321

100.000
32.376
23.318
2.758
3.446
17.114
9.057
5.505
0.603
0.103
0.500
2.949
0.001
54.733
16.086
0.064
5.040
10.982
38.644
3.829
4.412
1.343
3.069
30.403
0.003
12.891
9.205
0.754
8.451
3.686
2.807
0.783
0.783
0.096

-0.7
-4.1
-6.5
-20.5
-13.8
-2.2
2.6
2.9
0.5
-2.4
1.2
2.6
2.9
1.3
-4.2
-42.9
-13.7
1.2
3.7
4.5
-0.5
-2.3
0.3
4.3
2.9
-0.1
-0.6
-24.4
2.2
1.3
3.7
-6.9
-6.9
3.6

0.3
-0.2
0.0
-2.4
2.1
-0.1
-0.5
-1.1
-0.3
-2.2
0.1
0.4
0.0
0.4
0.6
-0.9
1.4
0.2
0.3
-0.3
-0.1
-2.2
0.8
0.5
0.0
0.6
0.4
1.2
0.3
1.1
1.0
1.5
1.5
0.9

-0.4
0.2
-0.2
-1.6
-0.4
0.1
1.3
2.4
-0.5
1.2
-0.8
-0.4
0.1
-0.8
-1.7
-2.7
-5.1
0.2
-0.5
1.5
0.6
1.2
0.3
-0.9
0.1
-0.3
-0.7
-7.9
0.1
0.6
0.8
0.1
0.1
-0.2

-0.1
-0.3
-1.1
-1.0
-3.0
-0.7
1.6
2.4
0.7
-0.5
0.9
0.3
0.0
0.1
-0.6
0.6
-1.9
0.0
0.4
0.5
-0.3
-0.5
-0.2
0.5
0.0
0.0
-0.2
-4.2
0.2
0.7
0.9
-0.1
-0.1
0.1

-0.2
-0.5
-0.5
-1.3
-3.3
0.2
-0.4
-0.9
0.3
2.3
-0.1
0.3
0.0
0.0
-1.0
0.0
-3.6
0.2
0.4
0.7
0.6
2.3
-0.1
0.3
0.0
-0.4
-0.5
-8.1
0.3
-0.2
0.1
-1.4
-1.4
0.4

0.2
0.1
-0.4
-3.7
-0.6
0.1
1.6
2.6
-0.5
-0.5
-0.6
0.2
0.4
0.3
-0.4
-0.2
-1.9
0.3
0.7
-1.2
-0.2
-0.5
0.0
1.0
0.4
-0.1
0.3
-1.4
0.4
-0.9
-1.0
-0.6
-0.6
1.1

ID5
ID5
ID5
ID5

9411
9412
9413
9414

46.071
53.875
0.053
5.182

-1.1
3.8
2.9
-7.7

0.3
0.3
0.0
0.1

-0.5
-0.2
0.1
-0.7

-0.1
0.5
0.0
-0.2

0.0
0.3
0.0
-0.6

-0.2
0.8
0.4
-1.5

Special Groupings of Intermediate Demand by Production Flow
Total
Total
Total
Total

goods inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
services inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

See footnotes at end of table.

18

Table 1. Producer price index percentage changes and weights for Final Demand-Intermediate Demand
groupings, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total

energy goods inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 4 intermediate demand. . . . . .
goods inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
services inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
energy goods inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 3 intermediate demand. . . . . .
goods inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
services inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
energy goods inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 2 intermediate demand. . . . . .
goods inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
services inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
energy goods inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 1 intermediate demand. . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

Item
code
9415
9416
9311
9312
9313
9314
9315
9316
9211
9212
9213
9214
9215
9216
9111
9112
9117
9114
9115
9116

1

Relative
Importance
Dec.
20231
4.994
35.895
44.486
54.908
0.605
10.425
7.048
27.013
41.077
57.671
1.254
4.131
16.305
20.641
48.609
51.387
0.004
2.822
9.240
36.547

Unadjusted
12-month
percent
change2

Seasonally adjusted 1-month percent change2

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

-6.9
0.8
-7.9
2.0
2.9
-15.2
-19.2
-1.4
-11.9
2.7
2.9
-13.7
-19.4
-4.0
-4.7
3.3
2.9
-21.2
-14.7
-0.2

1.7
0.1
0.9
0.3
0.0
1.5
3.1
-0.1
3.0
-0.1
0.0
0.7
6.8
0.2
0.3
0.2
0.0
-2.3
1.6
0.1

-3.1
0.0
-1.8
0.4
0.1
-2.2
-5.4
-0.5
-1.2
0.3
0.1
-1.2
-2.6
0.2
-0.8
-0.1
0.1
-1.7
-3.7
0.1

-0.6
0.0
-1.1
0.6
0.0
-1.5
-3.6
-0.1
-2.4
0.2
0.0
0.6
-5.4
-0.3
-0.7
0.6
0.0
-0.9
-2.5
-0.3

-0.5
0.1
-1.6
0.6
0.0
-2.8
-6.4
0.3
-3.8
0.4
0.0
-2.2
-8.2
-0.2
-0.7
0.2
0.0
-1.3
-3.9
0.2

-2.3
0.3
-0.3
0.2
0.4
-2.2
-1.4
0.8
0.6
0.4
0.4
-4.5
3.7
-0.8
-0.3
0.7
0.4
-3.7
-1.4
0.2

Comprehensive relative importance figures are initially computed after the publication of December indexes and are recalculated after final December indexes are available. Individual
items and subtotals may not add exactly to totals because of rounding differences.
All indexes are subject to revision for 4 months after their originally scheduled publication to incorporate late reports and corrections by survey respondents. In addition, seasonally
adjusted indexes are subject to change for up to 5 years due to the recalculation of seasonal factors published each January.
3
PPI defines Total finished as including only the personal consumption and private capital investment portions of final demand.
4
Trade indexes measure changes in margins received by wholesalers and retailers.
5
The PPI definition of foods does not include food and beverages for immediate consumption. PPI defines food and beverages for immediate consumption as the service of preparing
meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption.
6
Distributive services include transportation, warehousing, and trade of goods.
7
Includes intermediate trade, transportation, and warehousing services.
8
Includes crude petroleum.
9
Excludes crude petroleum.
p Preliminary
″-″ Data not available.
2

19

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted
[January 2024]
Commodity
code
Grouping
Group
code

Item
code

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

0.9
-1.7
-3.6
-0.8
-19.6
-32.0
-49.5
-16.9
3.5
-8.6
-9.7
9.7
-8.4
5.8
-37.9
0.4
-6.8
8.9
2.4
2.0
6.0
-10.4
2.0
-9.8
-13.0
2.5
-17.7
-13.1
-19.5
-27.0
1.6
1.3
5.4
0.0
2.4
-0.1
1.5
-13.4
2.5
2.1
1.8
3.7
-0.8
-0.3
-1.3
7.7
1.4
4.5
2.4
10.5
8.2
5.2
3.4
-2.1
0.0
3.2
3.0
4.6
4.3
0.7
1.4
3.9
9.6
4.7

0.2
0.9
0.4
0.2
-13.9
-5.3
8.1
1.9
1.0
-2.7
0.0
3.2
0.5
4.3
-2.5
-1.5
1.7
2.0
-0.4
-0.8
0.3
-3.9
-0.2
3.2
9.7
0.8
0.1
6.1
8.8
0.8
0.3
0.3
0.0
0.0
0.0
0.0
0.0
1.2
0.2
-0.1
0.0
-0.1
-0.2
-0.3
0.1
1.4
0.4
0.2
0.0
6.9
0.1
-0.3
0.0
-0.1
0.0
-0.1
-0.4
0.0
0.1
0.4
0.0
0.7
0.3
0.1

-0.4
-1.3
0.2
-6.2
-1.7
-3.0
-12.9
-0.9
0.3
-1.6
1.2
2.3
1.0
4.2
-1.4
-0.9
1.6
0.6
0.0
0.3
-0.2
-2.7
0.0
-6.5
-7.0
0.3
-0.5
-15.0
-13.2
-11.8
0.1
0.2
0.0
-1.0
-0.4
0.0
0.0
1.9
0.3
0.1
0.1
0.3
-0.1
0.2
-0.9
1.5
0.4
0.0
0.0
0.1
0.2
0.0
0.2
-0.7
0.0
0.0
2.2
0.2
0.1
0.0
0.0
0.0
0.2
-0.1

0.1
-0.1
0.7
18.2
11.2
-3.0
71.2
2.2
0.1
-1.4
0.0
0.4
0.3
-3.2
-1.6
0.5
-0.6
0.2
0.3
-0.6
0.0
1.3
0.2
-1.8
-5.7
0.5
1.8
-4.0
-5.0
-3.7
0.1
0.1
0.0
0.0
0.0
0.0
0.1
-2.1
0.1
-0.2
-0.1
0.0
-0.1
-0.1
-0.4
5.0
-0.5
0.9
0.0
-0.4
0.4
0.1
0.1
0.3
0.0
0.0
-0.3
0.0
0.2
0.1
0.0
-0.3
2.4
0.1

-0.1
-0.3
-0.7
-0.6
-5.6
-1.4
-20.5
-3.8
0.0
-0.1
0.0
0.4
0.5
3.8
-2.3
0.2
-1.4
0.3
0.2
-1.1
0.2
-1.8
0.0
-1.0
-2.5
0.5
0.4
1.6
-6.1
-9.3
0.1
0.1
0.0
0.0
0.0
0.0
0.0
-1.9
0.2
1.5
0.0
0.0
0.0
-0.1
-0.5
0.5
0.1
0.1
0.0
0.6
0.2
0.1
0.0
0.4
0.0
0.2
0.7
1.6
0.2
0.0
0.0
0.0
0.0
0.0

0.3
-0.2
-0.3
3.7
9.6
-5.4
14.6
-9.2
0.1
-1.6
-1.8
-4.4
-4.4
1.3
4.3
5.8
-1.4
0.3
0.0
3.6
-0.3
-2.4
-0.1
-1.7
4.5
-1.2
1.0
-3.6
1.8
-0.4
0.3
0.2
-0.3
2.2
1.0
0.0
0.2
-3.7
0.2
0.3
0.1
0.0
0.1
-0.1
-0.2
-6.2
0.0
0.6
0.3
0.4
3.5
1.5
1.5
0.1
0.0
0.6
-0.1
0.8
2.4
0.5
0.2
2.7
0.2
2.4

Final Demand
Final demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fresh fruits and melons2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fresh and dry vegetables2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Grains. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Eggs for fresh use2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Oilseeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bakery products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Milled rice2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pasta products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Beef and veal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pork. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed young chickens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed turkeys2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finfish and shellfish. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dairy products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed fruits and vegetables2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Confectionery end products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Soft drinks2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Roasted coffee2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Shortening and cooking oils2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Frozen specialty food2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liquefied petroleum gas2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residential electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residential natural gas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gasoline. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Home heating oil and distillates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No. 2 diesel fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods less foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alcoholic beverages. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pet food2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Women’s, girls’, and infants’ apparel2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Men’s and boys’ apparel2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textile housefurnishings2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Footwear2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pharmaceutical preparations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Soaps and detergents2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cleaning and polishing products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cosmetics and other toiletries2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tires2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consumer, institutional, and commercial products, n.e.c.2. . . . . . . . . . . . . . . .
Sanitary paper products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Iron and steel scrap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Agricultural machinery and equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction machinery and equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Metal cutting machine tools2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Metal forming machine tools. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tools, dies, jigs, fixtures, and industrial molds2. . . . . . . . . . . . . . . . . . . . . . . . . .
Pumps, compressors, and equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial material handling equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electronic computers and computer equipment2. . . . . . . . . . . . . . . . . . . . . . . . .
Textile machinery and equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper industries machinery2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Printing trades machinery and equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transformers and power regulators2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Communication and related equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electronic components and accessories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
X-ray and electromedical equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Oil field and gas field machinery2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mining machinery and equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Internal combustion engines2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

FD
FD
FD
01
01
01
01
01
02
02
02
02
02
02
02
02
02
02
02
02
02
02
02
FD
05
05
05
05
05
05
FD
02
02
03
03
03
04
06
06
06
06
06
07
07
09
10
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11

4
41
411
11
13
2
7107
8301
11
13
1402
2101
2104
2203
2206
23
3
4
55
62
6301
78
85
412
32
41
51
71
7302
7303
413
61
9402
8106
8107
82
3
1
38
71
72
75
1201
2B
1501
12
1
2
37
38
39
41
44
5
62
64
65
74
76
78
7905
91
92
94

See footnotes at end of table.

20

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Household furniture2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial furniture2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Floor coverings2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Household appliances2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Home electronic equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lawn and garden equipment excl. garden tractors2. . . . . . . . . . . . . . . . . . . . . .
Passenger cars. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Light motor trucks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Heavy motor trucks2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Motor vehicles parts2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Truck trailers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Travel trailers and campers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aircraft. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ships2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Railroad equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Toys, games, and children’s vehicles2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sporting and athletic goods2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cigarettes2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mobile homes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Medical, surgical & personal aid devices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Jewelry, platinum and karat gold2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Costume jewelry and novelties2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand trade services3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and equipment parts and supplies wholesaling2. . . . . . . . . . . . . . .
Machinery and vehicle wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Professional and commercial equipment wholesaling2. . . . . . . . . . . . . . . . . . . .
Furnishings wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chemicals and allied products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper and plastics products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Apparel wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Food and alcohol wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Food and alcohol retailing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Health, beauty, and optical goods retailing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Apparel, jewelry, footwear, and accessories retailing. . . . . . . . . . . . . . . . . . . . .
Computer hardware, software, and supplies retailing2. . . . . . . . . . . . . . . . . . . .
TV, video, and photographic equipment and supplies retailing. . . . . . . . . . . .
Automobiles retailing (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Automotive parts, including tires, retailing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
RVs, trailers, and campers retailing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sporting goods, including boats, retailing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lawn, garden, and farm equipment and supplies retailing2. . . . . . . . . . . . . . .
Furniture retailing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Flooring and floor coverings retailing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hardware, building materials, and supplies retailing. . . . . . . . . . . . . . . . . . . . . .
Major household appliances retailing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fuels and lubricants retailing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cleaning supplies and paper products retailing2. . . . . . . . . . . . . . . . . . . . . . . . . .
Book retailing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand transportation and warehousing services. . . . . . . . . . . . . . . . . . . . .
Rail transportation of freight and mail2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Truck transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Air transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Courier, messenger, and U.S. postal services. . . . . . . . . . . . . . . . . . . . . . . . . . .
Rail transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Airline passenger services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services less trade, transportation, and warehousing. . . . . . . . .
Sales of books. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sales and subscriptions of periodicals and newspapers. . . . . . . . . . . . . . . . . .
Application software publishing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Advertising space sales in periodicals, newspapers, directories, and
mailing lists2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residential wired telecommunication services2. . . . . . . . . . . . . . . . . . . . . . . . . . .
Wireless telecommunication services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cable and satellite subscriber services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Internet access services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Item
code

12
12
12
12
12
12
14
14
14
14
14
14
14
14
14
15
15
15
15
15
15
15
FD
FD
57
57
57
57
57
57
57
57
58
58
58
58
58
58
58
58
58
58
58
58
58
58
58
58
58
FD
30
30
30
30
30
30
FD
33
33
34

1
2
3
4
5
66
1101
1105
1106
12
14
16
21
31
4
11
12
21
5
6
9402
9404
42
423
1102
1103
1104
2
5
6
7
8
1
2
3
4
5
6101
6102
8
9
A
B
C
D
E
F
G
H
422
11
12
14
16
21
22
421
11
12
2

36
37
37
37
37

1
11
2
3
4

See footnotes at end of table.

21

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

-1.7
2.4
-0.5
1.3
0.8
1.9
-3.3
1.2
1.7
0.8
-1.8
0.6
4.9
2.3
2.0
0.3
10.0
10.7
-2.2
2.2
2.0
3.6
2.2
-0.2
7.0
-1.2
5.9
-7.5
0.9
2.4
-2.0
1.5
4.1
1.8
6.4
-38.5
-2.5
-26.8
0.1
-10.4
0.8
16.7
-4.0
3.2
7.7
-1.9
-8.3
18.2
-2.8
-4.3
0.9
-7.3
-0.5
3.7
0.0
-2.3
4.1
7.9
2.4
4.2

-0.4
0.2
1.6
0.0
0.0
0.0
0.0
0.3
0.2
0.1
-0.2
0.1
1.8
0.0
0.0
0.0
1.1
0.4
-0.3
0.1
0.5
0.0
-0.1
-1.1
-0.1
-7.7
0.5
2.1
-2.4
-1.0
2.4
0.0
-0.5
1.3
1.8
20.3
9.9
-2.5
-1.0
-4.8
0.6
1.8
-0.3
0.5
3.2
4.2
-3.7
0.9
0.7
0.4
0.7
1.6
1.4
0.5
0.0
-2.2
0.3
0.5
0.1
2.8

-1.2
0.0
-0.9
0.1
0.0
0.5
0.8
-0.2
0.0
0.0
-0.3
-0.2
0.1
0.5
-0.1
0.0
0.0
1.2
0.3
0.0
-2.2
0.0
0.1
0.0
0.7
1.4
1.4
-3.7
4.8
0.6
1.1
-0.7
-0.8
-2.2
-4.0
-27.9
8.1
-5.1
-1.5
-0.3
-1.1
-0.4
0.3
0.7
0.8
-4.4
16.4
0.1
0.5
0.5
1.2
0.1
0.7
0.5
0.0
1.2
0.0
0.8
0.0
0.8

-0.1
0.6
-1.4
0.4
0.2
0.6
-0.2
0.3
0.0
0.1
0.0
0.0
0.1
0.0
0.8
0.0
2.2
1.4
0.4
0.2
2.4
0.0
0.2
0.4
1.5
5.8
-1.6
1.0
1.2
-0.2
0.6
2.4
-0.4
-1.0
-0.2
6.4
3.9
-4.3
3.8
3.6
-3.0
-0.4
-5.6
0.6
0.0
2.9
-5.1
-1.8
-3.2
-0.2
0.4
-0.2
2.1
-0.3
0.1
-0.5
0.1
1.0
-0.1
-1.6

0.0
-0.6
-0.4
-0.2
0.0
0.6
-2.4
0.0
0.1
-0.2
0.0
0.0
0.0
0.0
0.0
0.0
2.1
0.0
-0.1
0.4
2.6
0.0
-0.1
-1.0
-0.2
-8.5
1.2
0.1
-5.8
0.7
-8.6
-1.1
0.9
3.0
5.7
12.6
-6.8
-5.3
1.3
-10.9
4.7
0.3
0.0
0.2
-0.6
-4.0
4.4
-0.1
0.1
-0.2
-0.1
-1.4
-0.9
0.3
0.1
2.3
0.3
0.8
1.5
1.2

0.1
0.6
0.2
0.1
0.0
0.1
0.0
0.3
0.0
0.0
-0.3
0.0
0.3
0.0
0.1
0.0
1.1
0.9
0.3
0.4
0.5
0.7
0.6
0.2
0.1
4.4
1.4
-0.5
11.6
0.8
-3.8
-1.6
0.5
0.0
2.7
-28.1
0.8
-0.6
0.5
1.8
2.2
-0.9
-2.1
-0.2
-1.4
-4.9
-7.7
2.4
1.9
-0.4
0.9
-0.6
-0.9
0.3
-0.1
-0.5
0.8
0.9
-0.3
1.6

0.0
5.0
1.1
6.1
-0.2

-0.4
0.5
0.1
0.5
-1.4

-0.3
0.1
0.1
0.5
0.0

-0.2
0.1
0.1
0.4
1.0

0.0
0.1
0.1
0.3
-0.2

0.3
0.3
0.1
-0.6
0.7

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Bundled wired telecommunications access services2. . . . . . . . . . . . . . . . . . . . .
Consumer loans (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deposit services (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other credit intermediation, incl. trust services (partial)2. . . . . . . . . . . . . . . . . .
Securities brokerage, dealing, investment advice, and related services2. . .
Portfolio management2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Life insurance2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disability insurance, including accidental death2. . . . . . . . . . . . . . . . . . . . . . . . .
Health and medical insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Property and casualty insurance2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annuities2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residential property sales and leases, brokerage fees and commissions.. .
Passenger car rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Legal services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax preparation and planning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Architectural and engineering services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management, scientific, and technical consulting services2. . . . . . . . . . . . . . .
Arrangement of flights (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Arrangement of vehicle rentals and lodging2. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Arrangement of cruises and tours2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Physician care. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Medical laboratory and diagnostic imaging care2. . . . . . . . . . . . . . . . . . . . . . . . .
Home health and hospice care. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hospital outpatient care2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dental care. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hospital inpatient care. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nursing home care. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Traveler accommodation services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Food and beverages for immediate consumption services (partial)2. . . . . . .
Motor vehicle repair and maintenance (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . .
Membership dues and admissions and recreation facility use fees
(partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recreational activity instruction fees (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gaming receipts (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mining services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
New warehouse building construction2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
New school building construction2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
New office building construction2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
New industrial building construction2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
New health care building construction2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Item
code

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

37
39
39
39
40
40
41
41
41
41
41
43
44
45
45
45
45
47
47
47
51
51
51
51
51
51
51
53
54
55

5
12
2
3
1
2
1101
1102
1103
1104
2
21
1
1
2102
3
4
1
2
3
1101
1102
1103
1104
1105
2101
2102
11
1
2

1.5
6.8
15.6
1.7
11.5
7.2
-1.2
0.0
1.1
5.3
0.7
5.6
-7.6
7.0
-3.0
2.0
3.7
4.4
-3.3
-0.6
1.4
0.0
4.5
5.7
2.9
4.8
3.7
2.1
3.7
4.1

-2.9
0.9
4.3
0.0
-0.1
-0.5
-0.4
0.0
0.3
0.8
0.0
0.1
0.6
0.3
1.7
0.2
5.1
0.0
-0.2
-0.4
0.0
0.0
0.4
0.2
0.0
1.3
0.3
0.9
0.1
-2.2

0.2
-0.5
0.8
0.0
-1.9
-3.0
0.1
0.0
0.2
0.0
-0.3
0.4
0.8
0.9
-4.0
0.8
-3.6
-0.4
-0.8
0.6
0.1
0.0
0.2
0.8
0.0
0.7
0.2
-2.8
1.0
0.3

-0.2
0.3
2.7
-3.7
0.1
-1.7
0.0
0.0
0.2
0.0
0.0
0.3
-2.1
0.3
-0.7
0.0
2.1
0.2
-0.1
-0.7
0.0
-0.1
0.1
-0.2
0.2
0.1
0.1
1.6
0.3
0.5

1.9
4.2
1.9
-0.2
2.9
1.4
0.0
0.0
0.1
0.1
0.0
0.5
1.3
0.4
-0.2
0.1
0.9
-0.2
-0.1
-1.5
0.1
0.0
0.2
-0.4
0.1
0.7
0.2
-6.0
0.0
0.2

2.7
0.8
1.2
0.0
0.7
5.5
0.0
0.0
-1.1
0.1
0.2
-0.1
-3.7
2.0
-0.3
-1.0
0.1
-1.2
-0.9
-0.9
0.5
-0.1
-0.4
2.2
0.0
0.3
0.4
4.7
0.1
0.0

56
56
56
60
FD
80
80
80
80
80

1
2
3
1
43
1101
1102
1103
1104
1105

4.7
0.9
0.0
1.5
-1.0
-1.5
-1.1
-1.2
-0.1
-1.2

0.0
0.0
0.6
0.8
0.1
0.0
0.1
-0.1
0.6
0.0

1.8
0.0
1.7
-0.7
-0.3
-0.5
-0.2
-0.5
0.0
0.0

1.8
0.0
-0.2
1.2
-0.1
-0.2
0.0
-0.1
-0.1
-0.5

2.3
0.0
1.8
0.1
0.1
0.1
-0.2
0.2
0.0
0.2

0.1
0.6
-1.6
0.0
0.3
0.0
0.5
0.2
0.8
0.1

ID6
ID6
02
02
02
02
02
02
02
ID6
03
03
03
05
05
05
05
05
05
05
05
05
05

1
9112
21
22
3
4
53
7
9
9111
1
2
4
32
42
43
52
53
54
71
7203
7303
74

-3.8
-6.5
1.8
-8.2
-6.8
8.9
9.9
-20.5
-7.9
-3.5
-4.3
-2.9
-0.9
-13.0
1.0
-0.8
-24.7
-21.6
-13.9
-13.1
-24.3
-27.0
17.1

0.5
0.7
1.5
4.7
1.7
2.0
-2.3
-0.8
0.0
0.5
2.4
0.3
0.1
9.7
0.5
0.3
-1.3
-1.9
0.0
6.1
7.1
0.8
5.7

-1.0
-0.2
1.3
2.0
1.6
0.6
0.9
-0.2
-0.8
-1.1
2.3
-0.6
-0.1
-7.0
0.2
0.6
1.1
-1.8
-2.0
-15.0
-3.2
-11.8
4.0

-0.5
-0.5
0.1
-6.5
-0.6
0.2
3.3
-0.4
-0.2
-0.6
-0.6
-1.1
-0.1
-5.7
1.5
1.6
2.7
2.2
-0.1
-4.0
-5.8
-3.7
-5.2

-0.5
-0.6
0.2
1.4
-1.4
0.3
0.0
-1.7
-0.7
-0.5
-3.2
0.2
0.2
-2.5
1.1
1.1
2.0
0.0
-0.3
1.6
-12.2
-9.3
-6.8

-0.2
-1.5
-3.5
0.6
-1.4
0.3
0.9
-2.6
-2.4
-0.1
-0.8
0.3
0.0
4.5
-3.3
-1.9
0.0
2.2
4.3
-3.6
-1.6
-0.4
-0.4

Intermediate Demand by Commodity Type
Processed goods for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed foods and feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meats. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed poultry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dairy products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed fruits and vegetables2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Refined sugar and byproducts2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fats and oils2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepared animal feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed materials less foods and feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Synthetic fibers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed yarns and threads2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished fabrics2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liquefied petroleum gas2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial natural gas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial natural gas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Natural gas to electric utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gasoline. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Jet fuel2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No. 2 diesel fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residual fuels2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

See footnotes at end of table.

22

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Finished lubricants2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lubricating oil base stocks2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asphalt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Basic inorganic chemicals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Basic organic chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepared paint2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paint materials2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Medicinal and botanical chemicals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Biological products, including diagnostics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fats and oils, inedible2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nitrogenates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Phosphates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other agricultural chemicals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic resins and materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial gases2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Adhesives and sealants2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Synthetic rubber2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tires2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic construction products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unsupported plastic film, sheet, other shapes2. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Parts for manufacturing from plastics2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic packaging products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Softwood lumber. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hardwood lumber2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Millwork. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plywood2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paperboard2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper boxes and containers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Building paper and board2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial printing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foundry and forge shop products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Steel mill products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Primary nonferrous metals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Secondary nonferrous metals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aluminum mill shapes2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Copper and brass mill shapes2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous wire and cable2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous foundry shop products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Metal containers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hardware2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plumbing fixtures and brass fittings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Heating equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fabricated structural metal products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bolts, nuts, screws, rivets, and washers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lighting fixtures2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fabricated ferrous wire products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other miscellaneous metal products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fluid power equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mechanical power transmission equipment2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Air conditioning and refrigeration equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Metal valves, except fluid power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ball and roller bearings2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wiring devices2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Motors, generators, motor generator sets2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Switchgear, switchboard, and industrial controls equip.2. . . . . . . . . . . . . . . . . . . .
Electronic components and accessories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Internal combustion engines2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machine shop products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Flat glass2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Concrete products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asphalt felts and coatings2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paving mixtures and blocks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Motor vehicle parts2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aircraft engines and engine parts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

05
05
05
06
06
06
06
06
06
06
06
06
06
06
06
06
07
07
07
07
07
07
08
08
08
08
09
09
09
09
09
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
11
11
11
11
11
11
11
11
11
11
11
13
13
13
13
13
14
14

Item
code
76
78
8102
13
14
21
22
31
37
4
5201
5202
53
6
7903
7904
1102
1201
21
22
26
2A
11
12
2
3
13
14
1503
2
47
15
17
22
24
2501
2502
26
28
3
4
5
6
7
81
83
88
89
43
45
48
4902
4905
71
73
75
78
94
95
11
22
3
6
94
12
23

See footnotes at end of table.

23

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

0.4
-12.0
15.7
-12.2
-13.7
-0.6
-0.8
0.9
2.4
2.0
-31.7
-9.1
-14.6
-5.1
0.6
1.2
-7.0
-0.8
-2.9
-5.5
-1.8
-1.6
-9.0
-2.7
-3.1
-2.6
-0.2
-7.7
-4.0
10.0
1.9
2.0
4.4
-2.2
-5.6
-5.5
-2.2
-6.4
3.0
-3.1
0.2
1.2
2.8
2.4
9.0
2.7
-7.9
1.7
9.5
2.9
3.6
2.4
2.9
-4.6
4.2
6.2
0.7
4.7
1.5
2.4
8.2
6.2
4.8
3.9
0.8
3.4

-1.1
-0.1
5.0
-0.2
1.5
0.0
-0.8
0.0
0.4
0.0
0.8
0.9
-4.2
0.3
1.5
0.1
1.1
-0.2
0.2
-1.5
-0.2
0.0
-0.3
3.5
0.2
1.4
0.6
0.5
-0.2
-0.2
0.2
-0.1
-3.5
1.9
-0.3
-0.9
0.2
-1.5
0.1
-0.2
0.0
-0.1
-0.1
0.5
2.9
0.2
-0.4
0.0
0.5
0.3
0.2
0.3
0.1
0.0
0.1
0.1
0.4
0.1
0.0
0.3
0.6
0.9
0.6
0.9
0.1
0.1

-0.2
11.9
2.9
-1.9
2.8
-0.4
-4.0
0.9
0.3
-6.5
1.4
4.6
0.2
-2.3
0.8
0.1
2.4
-0.1
0.0
0.5
-0.2
-0.4
-2.3
-4.9
0.2
1.6
-0.5
-0.4
-0.1
-18.4
0.0
-0.6
-2.5
-2.0
-1.4
-0.4
-1.3
-0.5
0.4
-0.9
0.0
0.0
0.7
0.7
-0.5
0.0
-1.3
0.2
2.1
0.4
0.5
0.8
0.0
0.2
0.1
0.4
0.0
-0.1
-0.2
0.2
0.9
0.6
0.6
1.1
0.0
0.2

0.2
2.1
2.3
-0.1
-2.5
0.0
0.1
0.0
0.3
-5.5
-0.7
1.9
-0.1
1.8
-1.7
0.0
0.2
-0.1
0.0
0.0
-0.3
0.3
-4.2
1.3
0.3
-1.3
-0.1
-0.1
-0.2
-2.4
0.1
-0.2
-1.9
0.6
0.2
-0.2
-0.3
0.0
-0.3
-0.5
0.1
0.2
0.0
0.5
0.4
0.1
0.7
0.1
-1.9
0.6
0.6
0.3
0.2
-0.3
-0.3
0.9
0.1
0.1
0.0
0.2
0.6
0.4
-0.3
1.3
0.1
0.9

0.7
0.6
4.4
-0.2
-2.3
0.0
0.9
-0.2
0.0
-1.8
4.9
2.9
0.0
1.1
-0.1
-0.2
-1.5
0.0
-0.4
0.7
2.0
-0.4
-1.7
4.1
0.0
-0.1
0.2
-1.5
-0.1
3.0
0.0
0.9
2.4
-1.0
0.0
-0.1
1.0
0.4
0.7
0.0
-0.1
-0.3
0.2
1.1
0.0
0.1
-0.3
0.0
0.0
0.0
0.0
0.5
-0.2
-0.4
0.0
0.2
0.0
0.0
-0.2
0.6
0.8
-0.6
0.3
0.9
-0.2
0.4

0.3
-12.1
2.6
-0.5
-4.4
0.3
-0.4
0.4
-1.6
23.3
-2.0
3.9
-0.4
0.6
-0.8
0.0
-1.5
0.1
0.3
0.0
0.1
1.2
-1.8
0.1
-0.1
-0.1
0.5
0.4
-0.5
-0.2
0.8
1.0
5.4
0.6
0.8
-1.7
1.0
0.8
0.2
0.3
-0.3
0.7
0.7
0.5
1.9
0.0
0.2
0.5
0.7
0.5
-0.6
-1.7
1.0
-0.6
-0.1
1.3
0.5
2.4
0.1
-0.2
1.2
0.8
-0.3
0.3
0.0
0.5

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Aircraft parts and auxiliary equipment, n.e.c.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Medical, surgical, and personal aid devices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Item
code
25
6

Unadjusted
12-month
percent
change1
Jan. 2023
to
Jan. 2024p

Seasonally adjusted 1-month percent change1

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

4.0
2.2

0.0
0.1

0.1
0.0

0.1
0.2

0.0
0.4

0.1
0.4

Unprocessed goods for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed foodstuffs and feedstuffs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wheat2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corn. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slaughter cattle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slaughter hogs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slaughter chickens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slaughter turkeys. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Raw milk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hay and hayseeds2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Oilseeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Raw cane sugar and byproducts2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Raw cotton2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hides and skins. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Coal2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Natural gas2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Crude petroleum2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Logs, bolts, timber, pulpwood, and woodchips2. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recyclable paper2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Iron ores2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Iron and steel scrap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous metal ores2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Copper base scrap2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aluminum base scrap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction sand, gravel, and crushed stone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID6
ID6
01
01
01
01
01
01
01
01
01
02
ID6
01
04
05
05
05
08
09
10
10
10
10
10
13

2
21
21
2202
31
32
4102
42
6
81
8301
5201
22
51
1
1
31
61
5
12
11
12
21
2301
2302
21

-15.0
-14.5
-24.2
-34.5
12.0
-37.6
6.8
-29.4
-16.6
-31.7
-16.9
6.7
-15.3
-10.0
-4.6
0.1
-55.8
-1.6
-4.4
74.4
-5.4
7.7
-5.4
-4.2
-2.5
8.1

2.9
1.2
-5.2
-5.3
1.6
-3.0
8.2
-4.2
5.2
5.4
1.9
-0.3
4.0
1.6
-0.9
-3.4
-2.6
10.3
0.0
9.6
0.5
1.4
0.5
-0.6
0.3
0.4

-1.6
-2.1
-6.0
-2.9
0.2
-5.1
-1.0
-14.1
-2.4
-4.7
-0.9
4.1
-1.4
-1.5
-5.7
2.7
1.2
-3.4
-0.1
10.8
-1.1
1.5
1.8
-2.7
0.4
0.5

-2.1
-0.4
-1.2
-3.5
-4.4
-4.4
-1.3
4.7
-1.4
7.1
2.2
-0.7
-3.1
-6.2
1.3
2.7
9.9
-9.6
-1.1
4.0
-0.7
5.0
3.4
0.5
2.3
0.5

-4.4
-3.3
2.4
-2.0
-3.2
-18.8
4.8
1.3
-5.1
-17.5
-3.8
-0.3
-5.1
3.6
-3.0
-0.5
-4.2
-10.8
-0.3
1.9
-0.3
0.5
1.2
1.8
-0.9
0.5

0.1
-2.2
-3.3
-6.5
1.3
-2.9
-3.3
14.1
-3.1
-2.0
-9.2
-2.3
1.6
-0.4
0.0
0.4
-2.4
6.1
0.2
8.2
0.6
-6.2
-1.1
-0.8
-5.0
3.3

Services for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services for intermediate demand3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and equipment parts and supplies wholesaling2. . . . . . . . . . . . . . . . .
Building materials, paint, and hardware wholesaling. . . . . . . . . . . . . . . . . . . . . . . .
Metals, minerals, and ores wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chemicals and allied products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper and plastics products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Food wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Automotive parts, including tires, retailing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hardware, building material, and supplies retailing. . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services for intermediate demand. . . . . . . . . . . .
Rail transportation of freight and mail2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Truck transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Water transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Air transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U.S. Postal Service2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Courier and messenger services, except air mail. . . . . . . . . . . . . . . . . . . . . . . . . . .
Air mail and package delivery services, excluding by USPS. . . . . . . . . . . . . . . .
Pipeline transportation2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services related to water transportation2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Arrangement of freight and cargo2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Warehousing, storage, and related services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing for intermediate
demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Network compensation from broadcast TV, cable TV, radio2. . . . . . . . . . . . . . . .
Advertising space sales in periodicals and newspapers2. . . . . . . . . . . . . . . . . . . .
Advertising space sales in directories and mail lists2. . . . . . . . . . . . . . . . . . . . . . .
Television advertising time sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Radio advertising time sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Internet advertising sales2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Business wired telecommunication services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wireless telecommunication services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cable and satellite subscriber services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bundled wired telecommunication access services2. . . . . . . . . . . . . . . . . . . . . . . .
Data processing and related services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Business loans (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID6
ID6
57
57
57
57
57
57
58
58
ID6
30
30
30
30
30
30
30
30
30
31
31
32

3
33
1102
3
4
5
6
8101
6102
D
32
11
12
13
14
1601
1602
1603
17
2
1
31
1

3.1
3.7
7.0
-7.8
12.4
0.9
2.4
1.5
0.1
7.7
-0.5
0.9
-7.3
1.7
-0.5
3.8
4.4
2.5
2.7
-2.3
3.2
-8.7
0.5

0.3
-0.4
-0.1
0.5
-2.5
-2.4
-1.0
0.0
-1.0
3.2
0.8
0.7
1.6
-0.8
1.4
0.0
0.6
1.0
-0.2
-2.2
0.1
5.6
2.0

-0.1
1.4
0.7
0.1
4.6
4.8
0.6
-0.9
-1.5
0.8
0.4
1.2
0.1
-2.3
0.7
0.0
0.4
1.3
-0.2
1.2
1.2
1.6
-0.3

0.5
1.3
1.5
-1.1
10.5
1.2
-0.2
2.6
3.8
0.0
-0.1
0.4
-0.2
0.4
2.1
0.0
0.0
-1.0
-0.1
-0.5
0.3
-0.3
-0.5

0.4
-0.3
-0.2
-1.5
3.4
-5.8
0.7
-1.3
1.3
-0.6
0.8
-0.1
-1.4
0.3
-0.9
0.0
0.5
0.3
0.0
2.3
0.4
12.3
0.0

0.5
0.1
0.1
-0.1
2.5
11.6
0.8
-1.8
0.5
-1.4
-0.1
0.9
-0.6
-0.7
-0.9
0.0
0.1
0.9
0.1
-0.5
0.8
-0.1
-0.1

ID6
35
36
36
36
36
36
37
37
37
37
38
39

31
–
11
12
2
3
6
12
2
3
5
1
11

3.6
0.6
-0.1
0.1
-15.1
-6.2
1.4
2.7
1.1
6.1
1.5
2.4
3.8

0.4
0.0
-0.4
0.0
-3.5
-0.7
0.0
0.2
0.1
0.5
-2.9
-0.2
-1.9

-0.5
0.0
-0.4
0.0
0.6
-0.7
0.0
-0.5
0.1
0.5
0.2
0.2
0.5

0.4
0.0
-0.2
0.0
6.3
4.7
0.0
0.2
0.1
0.4
-0.2
0.3
-1.2

0.5
0.0
0.0
0.0
1.7
1.5
0.0
-0.1
0.1
0.3
1.9
0.3
-0.2

0.7
0.2
0.3
0.0
-0.9
-16.3
-0.2
-0.5
0.1
-0.6
2.7
0.4
0.7

See footnotes at end of table.

24

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Deposit services (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other credit intermediation, incl. trust services (partial)2. . . . . . . . . . . . . . . . . . . .
Securities brokerage, dealing, investment advice, and related services2. . . . .
Portfolio management2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment banking2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Life insurance2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Health and medical insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Property and casualty insurance2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annuities2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commissions from sales of insurance2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonresidential real estate rents2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonresidential property sales and leases2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residential property management fees2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Passenger car rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Truck, utility trailer, and RV rental and leasing2. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction, mining, and forestry machinery and equipment rental and
leasing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Legal services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting services (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Architectural and engineering services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management, scientific, and technical consulting services2. . . . . . . . . . . . . . . . .
Advertising and related services (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Permanent placement services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive search services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Staffing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Security guard services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Janitorial services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Waste collection. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Traveler accommodation services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial and industrial machinery and equipment repair and
maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aircraft repair and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Metal treatment services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Item
code

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

39
39
40
40
40
41
41
41
41
42
43
43
43
44
44

2
3
1
2
3
1101
1103
1104
2
1
11
12
22
1
2

15.6
1.7
11.5
7.2
8.1
-1.2
1.1
5.3
0.7
-0.1
3.4
-6.0
4.2
-7.6
-1.0

4.3
0.0
-0.1
-0.5
2.9
-0.4
0.3
0.8
0.0
0.0
2.0
0.0
-0.5
0.6
0.9

0.8
0.0
-1.9
-3.0
-0.1
0.1
0.2
0.0
-0.3
0.0
-3.0
-0.2
-0.7
0.8
-0.6

2.7
-3.7
0.1
-1.7
-0.7
0.0
0.2
0.0
0.0
0.0
1.4
-0.2
1.1
-2.1
0.1

1.9
-0.2
2.9
1.4
-0.7
0.0
0.1
0.1
0.0
0.1
1.1
-1.9
-0.4
1.3
-0.9

1.2
0.0
0.7
5.5
0.3
0.0
-1.1
0.1
0.2
-0.1
1.6
-1.5
3.3
-3.7
0.0

44
45
45
45
45
45
46
46
46
48
49
50
53

3
1
2
3
4
5
1
2
3
1
1
1
11

-0.1
7.0
4.9
2.0
3.7
0.5
2.0
8.6
0.7
11.6
-0.6
7.2
2.1

0.4
0.3
1.1
0.2
5.1
0.0
0.4
1.3
0.0
-0.1
-2.4
1.0
0.9

0.2
0.9
-2.7
0.8
-3.6
0.0
-0.5
0.8
0.2
0.8
0.1
-0.2
-2.8

-0.5
0.3
-0.7
0.0
2.1
0.0
0.7
-0.9
0.2
-0.2
0.4
0.9
1.6

0.4
0.4
0.3
0.1
0.9
0.0
0.2
3.6
0.1
2.4
0.0
-0.3
-6.0

0.2
2.0
1.2
-1.0
0.1
0.1
0.6
1.0
-0.1
2.8
0.6
-0.1
4.7

55
55
59

1
4
1

7.6
8.8
4.6

1.6
3.7
-0.3

-0.6
0.3
0.5

0.7
0.5
-0.3

0.4
0.2
0.5

1.9
0.0
1.3

4
2

2.9
2.9

0.0
0.0

0.1
0.1

0.0
0.0

0.0
0.0

0.4
0.4

1.5
-1.1
-32.0
1.8
0.4
-6.8
1.0
-0.8
-13.1
-27.0
-13.7
-0.6
0.9
2.4
2.5
-2.9
-5.5
-1.8
-1.6
-6.4
-3.1
-4.0
1.9
4.4
-6.4
2.4
1.7
3.6
-4.6

0.3
0.3
-5.3
1.5
-1.5
1.7
0.5
0.3
6.1
0.8
1.5
0.0
0.0
0.4
0.2
0.2
-1.5
-0.2
0.0
1.1
0.2
-0.2
0.2
-3.5
-1.5
0.5
0.0
0.2
0.0

-0.3
-0.5
-3.0
1.3
-0.9
1.6
0.2
0.6
-15.0
-11.8
2.8
-0.4
0.9
0.3
0.3
0.0
0.5
-0.2
-0.4
-3.3
0.2
-0.1
0.0
-2.5
-0.5
0.7
0.2
0.5
0.2

0.2
-0.1
-3.0
0.1
0.5
-0.6
1.5
1.6
-4.0
-3.7
-2.5
0.0
0.0
0.3
0.1
0.0
0.0
-0.3
0.3
-2.1
0.3
-0.2
0.1
-1.9
0.0
0.5
0.1
0.6
-0.3

0.2
0.0
-1.4
0.2
0.2
-1.4
1.1
1.1
1.6
-9.3
-2.3
0.0
-0.2
0.0
0.2
-0.4
0.7
2.0
-0.4
0.7
0.0
-0.1
0.0
2.4
0.4
1.1
0.0
0.0
-0.4

0.4
-0.2
-5.4
-3.5
5.8
-1.4
-3.3
-1.9
-3.6
-0.4
-4.4
0.3
0.4
-1.6
0.2
0.3
0.0
0.1
1.2
-1.0
-0.1
-0.5
0.8
5.4
0.8
0.5
0.5
-0.6
-0.6

Construction for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ID6
Maintenance and repair of non-residential buildings (partial)2. . . . . . . . . . . . . . . . . 80
Intermediate Demand by Production Flow
Stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 4 intermediate demand goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Grains. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meats. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed and packaged fish. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dairy products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gasoline. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No. 2 diesel fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Basic organic chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepared paint2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Medicinal and botanical chemicals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Biological products, including diagnostics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pharmaceutical preparations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic construction products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unsupported plastic film, sheet, and other shapes2. . . . . . . . . . . . . . . . . . . . . . . . .
Parts for manufacturing from plastics2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic packaging products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lumber. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Millwork. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper boxes and containers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial printing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Steel mill products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous wire and cable2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fabricated structural metal products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other miscellaneous metal products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Air conditioning and refrigeration equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wiring devices2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID5
ID5
01
02
02
02
05
05
05
05
06
06
06
06
06
07
07
07
07
08
08
09
09
10
10
10
10
11
11

4
9411
2
21
23
3
42
43
71
7303
14
21
31
37
38
21
22
26
2A
1
2
1503
47
17
26
7
89
48
71

See footnotes at end of table.

25

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Electronic components and accessories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Miscellaneous electrical machinery and equipment2. . . . . . . . . . . . . . . . . . . . . . . .
Internal combustion engines2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machine shop products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Concrete ingredients and related products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Concrete products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepared asphalt, tar roofing and siding products2. . . . . . . . . . . . . . . . . . . . . . . . .
Paving mixtures and blocks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Motor vehicle parts2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aircraft engines and engine parts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aircraft parts and auxiliary equipment, n.e.c.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Medical, surgical and personal aid devices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 4 intermediate demand services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Truck transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Courier, messenger, and U.S. postal services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Airline passenger services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Warehousing, storage, and related services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Advertising space sales in periodicals and newspapers2. . . . . . . . . . . . . . . . . . . .
Data processing and related services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Business loans (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deposit services (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Securities brokerage, dealing, investment advice, and related services2. . . . .
Portfolio management2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment banking2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annuities2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonresidential real estate rents2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonresidential property sales and leases2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonresidential property management fees2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residential property management fees2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction, mining, and forestry machinery and equipment rental and
leasing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Legal services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Advertising agency services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting services (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Architectural and engineering services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management, scientific, and technical consulting services2. . . . . . . . . . . . . . . . .
Staffing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Janitorial services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial and industrial machinery and equipment repair and
maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and equipment parts and supplies wholesaling2. . . . . . . . . . . . . . . . .
Building materials, paint, and hardware wholesaling. . . . . . . . . . . . . . . . . . . . . . . .
Metals, minerals, and ores wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chemicals and allied products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper and plastics products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Food and alcohol wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hardware and building materials and supplies retailing. . . . . . . . . . . . . . . . . . . . .
Metal treatment services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 3 intermediate demand goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slaughter cattle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slaughter hogs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slaughter poultry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Raw milk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gasoline. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Jet fuel2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No. 2 diesel fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished lubricants2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lubricating oil base stocks2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asphalt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Basic inorganic chemicals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Basic organic chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paints and allied products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Item
code

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

11
11
11
11
13
13
13
13
14
14
14
15
ID5
30
30
30
32
36
38
39
39
40
40
40
41
41
43
43
43
43

78
79
94
95
2
3
61
94
12
23
25
6
9412
12
16
22
1
11
1
11
2
1
2
3
11
2
11
12
13
22

0.7
0.7
4.7
1.5
8.1
6.2
5.7
3.9
0.8
3.4
4.0
2.2
3.8
-7.3
3.7
-2.3
0.5
-0.1
2.4
3.8
15.6
11.5
7.2
8.1
2.6
0.7
3.4
-6.0
7.0
4.2

0.4
0.0
0.1
0.0
0.5
0.9
0.7
0.9
0.1
0.1
0.0
0.1
0.3
1.6
0.5
-2.2
2.0
-0.4
-0.2
-1.9
4.3
-0.1
-0.5
2.9
0.4
0.0
2.0
0.0
0.1
-0.5

0.0
-0.1
-0.1
-0.2
0.6
0.6
0.7
1.1
0.0
0.2
0.1
0.0
-0.2
0.1
0.5
1.2
-0.3
-0.4
0.2
0.5
0.8
-1.9
-3.0
-0.1
0.2
-0.3
-3.0
-0.2
0.8
-0.7

0.1
-0.1
0.1
0.0
0.5
0.4
-0.3
1.3
0.1
0.9
0.1
0.2
0.5
-0.2
-0.3
-0.5
-0.5
-0.2
0.3
-1.2
2.7
0.1
-1.7
-0.7
0.1
0.0
1.4
-0.2
-0.4
1.1

0.0
0.0
0.0
-0.2
0.6
-0.6
0.3
0.9
-0.2
0.4
0.0
0.4
0.3
-1.4
0.3
2.3
0.0
0.0
0.3
-0.2
1.9
2.9
1.4
-0.7
0.1
0.0
1.1
-1.9
1.0
-0.4

0.5
0.3
2.4
0.1
2.7
0.8
-0.4
0.3
0.0
0.5
0.1
0.4
0.8
-0.6
0.3
-0.5
-0.1
0.3
0.4
0.7
1.2
0.7
5.5
0.3
-0.4
0.2
1.6
-1.5
-0.8
3.3

44
45
45
45
45
45
46
49

3
1
51
2
3
4
3
1

-0.1
7.0
0.5
4.9
2.0
3.7
0.7
-0.6

0.4
0.3
0.0
1.1
0.2
5.1
0.0
-2.4

0.2
0.9
0.0
-2.7
0.8
-3.6
0.2
0.1

-0.5
0.3
0.0
-0.7
0.0
2.1
0.2
0.4

0.4
0.4
0.0
0.3
0.1
0.9
0.1
0.0

0.2
2.0
0.1
1.2
-1.0
0.1
-0.1
0.6

55
57
57
57
57
57
57
58
59

1
1102
3
4
5
6
8
D
1

7.6
7.0
-7.8
12.4
0.9
2.4
1.5
7.7
4.6

1.6
-0.1
0.5
-2.5
-2.4
-1.0
0.0
3.2
-0.3

-0.6
0.7
0.1
4.6
4.8
0.6
-0.7
0.8
0.5

0.7
1.5
-1.1
10.5
1.2
-0.2
2.4
0.0
-0.3

0.4
-0.2
-1.5
3.4
-5.8
0.7
-1.1
-0.6
0.5

1.9
0.1
-0.1
2.5
11.6
0.8
-1.6
-1.4
1.3

ID5
ID5
01
01
01
01
05
05
05
05
05
05
05
05
06
06
06

3
9311
31
32
4
6
42
43
71
7203
7303
76
78
8102
13
14
2

-2.6
-7.9
12.0
-37.6
0.4
-16.6
1.0
-0.8
-13.1
-24.3
-27.0
0.4
-12.0
15.7
-12.2
-13.7
-0.8

0.5
0.9
1.6
-3.0
6.3
5.2
0.5
0.3
6.1
7.1
0.8
-1.1
-0.1
5.0
-0.2
1.5
-0.3

-0.6
-1.8
0.2
-5.1
-2.6
-2.4
0.2
0.6
-15.0
-3.2
-11.8
-0.2
11.9
2.9
-1.9
2.8
-1.2

-0.2
-1.1
-4.4
-4.4
-0.6
-1.4
1.5
1.6
-4.0
-5.8
-3.7
0.2
2.1
2.3
-0.1
-2.5
0.1

-0.4
-1.6
-3.2
-18.8
4.3
-5.1
1.1
1.1
1.6
-12.2
-9.3
0.7
0.6
4.4
-0.2
-2.3
0.2

0.0
-0.3
1.3
-2.9
-1.4
-3.1
-3.3
-1.9
-3.6
-1.6
-0.4
0.3
-12.1
2.6
-0.5
-4.4
0.0

See footnotes at end of table.

26

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Agricultural chemicals and chemical products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic resins and materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Synthetic rubber2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unsupported plastic film, sheet, and other shapes2. . . . . . . . . . . . . . . . . . . . . . . . .
Paper2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paperboard2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Converted paper and paperboard products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial printing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foundry and forge shop products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Steel mill products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous mill shapes2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous foundry shop products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Metal containers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Structural, architectural, and pre-engineered metal products. . . . . . . . . . . . . . . .
Bolts, nuts, screws, rivets, and washers2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other miscellaneous metal products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
General purpose machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electrical machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction sand, gravel, and crushed stone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Motor vehicle parts2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aircraft and aircraft equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 3 intermediate demand services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rail transportation of freight and mail2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Courier, messenger, and U.S. postal services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Arrangement of freight and cargo2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Freight forwarding2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Warehousing, storage, and related services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Advertising space sales in periodicals, newspapers, directories, and mailing
lists2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wired telephone services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bundled wired telecommunications access services2. . . . . . . . . . . . . . . . . . . . . . .
Data processing and related services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Business loans (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deposit services (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Securities brokerage, dealing, investment advice, and related services2. . . . .
Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonresidential real estate rents2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Legal services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting services (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Architectural and engineering services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management, scientific, and technical consulting services2. . . . . . . . . . . . . . . . .
Advertising agency services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Staffing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aircraft repair maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and equipment parts and supplies wholesaling2. . . . . . . . . . . . . . . . .
Building materials, paint, and hardware wholesaling. . . . . . . . . . . . . . . . . . . . . . . .
Metals, minerals, and ores wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chemicals and allied products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper and plastics products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Food wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Metal treatment services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 2 intermediate demand goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corn. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Oilseeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepared animal feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Coal2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Natural gas2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liquefied petroleum gas2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Crude petroleum2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No. 2 diesel fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic resins and materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Logs, bolts, timber, pulpwood, and wood chips2. . . . . . . . . . . . . . . . . . . . . . . . . . . .

Item
code

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

06
06
07
07
09
09
09
09
10
10
10
10
10
10
10
10
11
11
13
13
14
14
ID5
30
30
31
31
32

5
6
1102
22
13
14
15
47
15
17
25
28
3
74
81
89
4
7
21
22
12
2
9312
11
16
31
3201
1

-17.1
-5.1
-7.0
-5.5
-0.2
-7.7
-2.0
1.9
2.0
4.4
-3.9
3.0
-3.1
2.4
9.0
1.7
4.4
2.1
8.1
8.2
0.8
4.5
2.0
0.9
3.7
-8.7
-0.9
0.5

-0.9
0.3
1.1
-1.5
0.6
0.5
0.0
0.2
-0.1
-3.5
-0.5
0.1
-0.2
0.5
2.9
0.0
0.5
0.2
0.4
0.6
0.1
1.2
0.3
0.7
0.5
5.6
0.0
2.0

1.3
-2.3
2.4
0.5
-0.5
-0.4
-0.3
0.0
-0.6
-2.5
-0.7
0.4
-0.9
0.9
-0.5
0.2
0.5
0.1
0.5
0.9
0.0
0.1
0.4
1.2
0.5
1.6
0.0
-0.3

-0.7
1.8
0.2
0.0
-0.1
-0.1
-0.2
0.1
-0.2
-1.9
-0.2
-0.3
-0.5
0.8
0.4
0.1
0.1
0.1
0.5
0.6
0.1
0.2
0.6
0.4
-0.3
-0.3
0.0
-0.5

1.6
1.1
-1.5
0.7
0.2
-1.5
0.0
0.0
0.9
2.4
0.2
0.7
0.0
1.8
0.0
0.0
0.3
0.1
0.5
0.8
-0.2
0.1
0.6
-0.1
0.3
12.3
0.0
0.0

0.3
0.6
-1.5
0.0
0.5
0.4
-0.4
0.8
1.0
5.4
-0.8
0.2
0.3
1.0
1.9
0.5
-0.1
0.9
3.3
1.2
0.0
0.3
0.2
0.9
0.3
-0.1
-1.0
-0.1

36
37
37
38
39
39
40
41
43
45
45
45
45
45
46
55
57
57
57
57
57
57
59

1
1
5
1
11
2
1
11
11
1
2
3
4
51
3
4
1102
3
4
5
6
8101
1

0.0
3.3
1.5
2.4
3.8
15.6
11.5
2.6
3.4
7.0
4.9
2.0
3.7
0.5
0.7
8.8
7.0
-7.8
12.4
0.9
2.4
1.5
4.6

-0.4
0.3
-2.9
-0.2
-1.9
4.3
-0.1
0.4
2.0
0.3
1.1
0.2
5.1
0.0
0.0
3.7
-0.1
0.5
-2.5
-2.4
-1.0
0.0
-0.3

-0.3
-0.2
0.2
0.2
0.5
0.8
-1.9
0.2
-3.0
0.9
-2.7
0.8
-3.6
0.0
0.2
0.3
0.7
0.1
4.6
4.8
0.6
-0.9
0.5

-0.2
0.1
-0.2
0.3
-1.2
2.7
0.1
0.1
1.4
0.3
-0.7
0.0
2.1
0.0
0.2
0.5
1.5
-1.1
10.5
1.2
-0.2
2.6
-0.3

0.0
0.0
1.9
0.3
-0.2
1.9
2.9
0.1
1.1
0.4
0.3
0.1
0.9
0.0
0.1
0.2
-0.2
-1.5
3.4
-5.8
0.7
-1.3
0.5

0.3
-0.1
2.7
0.4
0.7
1.2
0.7
-0.4
1.6
2.0
1.2
-1.0
0.1
0.1
-0.1
0.0
0.1
-0.1
2.5
11.6
0.8
-1.8
1.3

ID5
ID5
01
01
02
05
05
05
05
05
06
06
07
08

2
9211
2202
83
9
1
31
32
61
7303
1
6
2
5

-3.8
-11.9
-34.5
-16.9
-7.9
0.1
-55.8
-13.0
-1.6
-27.0
-13.4
-5.1
-1.8
-4.4

1.2
3.0
-5.3
1.9
0.0
-3.4
-2.6
9.7
10.3
0.8
1.2
0.3
-0.3
0.0

-0.3
-1.2
-2.9
-0.9
-0.8
2.7
1.2
-7.0
-3.4
-11.8
1.9
-2.3
0.0
-0.1

-0.9
-2.4
-3.5
2.2
-0.2
2.7
9.9
-5.7
-9.6
-3.7
-2.1
1.8
0.1
-1.1

-1.4
-3.8
-2.0
-3.8
-0.7
-0.5
-4.2
-2.5
-10.8
-9.3
-1.9
1.1
0.2
-0.3

0.5
0.6
-6.5
-9.2
-2.4
0.4
-2.4
4.5
6.1
-0.4
-3.7
0.6
0.4
0.2

See footnotes at end of table.

27

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code

Item
code

Paper2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paperboard, excluding corrugated paperboard2. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial printing2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Iron and steel scrap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Steel mill products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous mill shapes2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electrical machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electronic components and accessories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 2 intermediate demand services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rail transportation of freight and mail2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Truck transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U.S. Postal Service2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Courier and messenger services, except air. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Air mail and package delivery services, excluding by USPS. . . . . . . . . . . . . . . .
Pipeline transportation2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Airline passenger services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Arrangement of freight and cargo2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Television advertising time sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wireless telecommunication services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Data processing and related services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Securities brokerage, dealing, investment advice, and related services2. . . . .
Portfolio management2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment banking2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commissions from sales of insurance2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Legal services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting services (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management, scientific, and technical consulting services2. . . . . . . . . . . . . . . . .
Advertising agency services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Staffing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Security guard services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Janitorial services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Traveler accommodation services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial and industrial machinery and equipment repair and
maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hardware and building materials and supplies retailing. . . . . . . . . . . . . . . . . . . . .

09
09
09
10
10
10
11
11
ID5
30
30
30
30
30
30
30
31
36
37
38
40
40
40
41
42
45
45
45
45
46
48
49
53

13
1411
47
12
17
25
7
78
9212
11
12
1601
1602
1603
17
22
31
21
2
1
1
2
31
11
11
1
2
4
51
3
1
1
1

55
58

1
D

Stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 1 intermediate demand goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepared animal feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial electric power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial natural gas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial natural gas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gasoline. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No. 2 diesel fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepared paint2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plastic construction products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recyclable paper2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Converted paper and paperboard products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Iron and steel scrap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Steel mill products2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Primary nonferrous metals2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous scrap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonferrous wire and cable2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fabricated structural metal products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
General purpose machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction sand, gravel, and crushed stone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stage 1 intermediate demand services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Truck transportation of freight2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Airline passenger services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Advertising space sales in periodicals, newspapers, directories, and mailing
lists2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Business wired telecommunication services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wireless telecommunication services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID5
ID5
02
05
05
05
05
05
05
06
06
07
09
09
09
10
10
10
10
10
10
11
13
ID5
30
30

1
9111
9
42
43
52
53
71
7303
1
21
21
12
13
15
12
17
22
23
26
7
4
21
9112
12
22

36
37
37

1
12
2

See footnotes at end of table.

28

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

-0.2
-7.7
1.9
7.7
4.4
-3.9
2.1
0.7
2.7
0.9
-7.3
3.8
4.4
2.5
2.7
-2.3
-8.7
-15.1
1.1
2.4
11.5
7.2
8.1
2.6
-0.1
7.0
4.9
3.7
0.5
0.7
11.6
-0.6
2.1

0.6
0.9
0.2
1.4
-3.5
-0.5
0.2
0.4
-0.1
0.7
1.6
0.0
0.6
1.0
-0.2
-2.2
5.6
-3.5
0.1
-0.2
-0.1
-0.5
2.9
0.4
0.0
0.3
1.1
5.1
0.0
0.0
-0.1
-2.4
0.9

-0.5
-0.7
0.0
1.5
-2.5
-0.7
0.1
0.0
0.3
1.2
0.1
0.0
0.4
1.3
-0.2
1.2
1.6
0.6
0.1
0.2
-1.9
-3.0
-0.1
0.2
0.0
0.9
-2.7
-3.6
0.0
0.2
0.8
0.1
-2.8

-0.1
0.0
0.1
5.0
-1.9
-0.2
0.1
0.1
0.2
0.4
-0.2
0.0
0.0
-1.0
-0.1
-0.5
-0.3
6.3
0.1
0.3
0.1
-1.7
-0.7
0.1
0.0
0.3
-0.7
2.1
0.0
0.2
-0.2
0.4
1.6

0.2
-2.0
0.0
0.5
2.4
0.2
0.1
0.0
0.4
-0.1
-1.4
0.0
0.5
0.3
0.0
2.3
12.3
1.7
0.1
0.3
2.9
1.4
-0.7
0.1
0.1
0.4
0.3
0.9
0.0
0.1
2.4
0.0
-6.0

0.5
0.2
0.8
-6.2
5.4
-0.8
0.9
0.5
0.4
0.9
-0.6
0.0
0.1
0.9
0.1
-0.5
-0.1
-0.9
0.1
0.4
0.7
5.5
0.3
-0.4
-0.1
2.0
1.2
0.1
0.1
-0.1
2.8
0.6
4.7

7.6
7.7

1.6
3.2

-0.6
0.8

0.7
0.0

0.4
-0.6

1.9
-1.4

-0.7
-4.7
-7.9
1.0
-0.8
-24.7
-21.6
-13.1
-27.0
-13.4
-0.6
-2.9
74.4
-0.2
-2.0
7.7
4.4
-2.2
-10.7
-6.4
2.4
4.4
8.1
3.3
-7.3
-2.3

0.3
0.3
0.0
0.5
0.3
-1.3
-1.9
6.1
0.8
1.2
0.0
0.2
9.6
0.6
0.0
1.4
-3.5
1.9
-0.6
-1.5
0.5
0.5
0.4
0.2
1.6
-2.2

-0.4
-0.8
-0.8
0.2
0.6
1.1
-1.8
-15.0
-11.8
1.9
-0.4
0.0
10.8
-0.5
-0.3
1.5
-2.5
-2.0
-1.2
-0.5
0.7
0.5
0.5
-0.1
0.1
1.2

-0.1
-0.7
-0.2
1.5
1.6
2.7
2.2
-4.0
-3.7
-2.1
0.0
0.0
4.0
-0.1
-0.2
5.0
-1.9
0.6
-0.7
0.0
0.5
0.1
0.5
0.6
-0.2
-0.5

-0.2
-0.7
-0.7
1.1
1.1
2.0
0.0
1.6
-9.3
-1.9
0.0
-0.4
1.9
0.2
0.0
0.5
2.4
-1.0
2.1
0.4
1.1
0.3
0.5
0.2
-1.4
2.3

0.2
-0.3
-2.4
-3.3
-1.9
0.0
2.2
-3.6
-0.4
-3.7
0.3
0.3
8.2
0.5
-0.4
-6.2
5.4
0.6
-3.4
0.8
0.5
-0.1
3.3
0.7
-0.6
-0.5

0.0
2.7
1.1

-0.4
0.2
0.1

-0.3
-0.5
0.1

-0.2
0.2
0.1

0.0
-0.1
0.1

0.3
-0.5
0.1

Table 2. Producer price index percentage changes for selected commodity groupings by Final DemandIntermediate Demand category, seasonally adjusted — Continued
[January 2024]
Commodity
code
Grouping
Group
code
Bundled wired telecommunications access services2. . . . . . . . . . . . . . . . . . . . . . .
Business loans (partial). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deposit services (partial)2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Securities brokerage, dealing, investment advice, and related services2. . . . .
Portfolio management2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment banking2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonresidential real estate rents2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Architectural and engineering services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management consulting services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Waste collection. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Traveler accommodation services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial and industrial machinery and equipment repair and
maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and equipment parts and supplies wholesaling2. . . . . . . . . . . . . . . . .
Building materials, paint, and hardware wholesaling. . . . . . . . . . . . . . . . . . . . . . . .
Metals, minerals, and ores wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chemicals and allied products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paper and plastics products wholesaling2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hardware and building materials and supplies retailing. . . . . . . . . . . . . . . . . . . . .
Mining services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Item
code

Unadjusted
12-month
percent
change1

Seasonally adjusted 1-month percent change1

Jan. 2023
to
Jan. 2024p

Aug. to
Sept.

Sept. to
Oct.p

Oct. to
Nov.p

Nov. to
Dec.p

Dec. to
Jan.p

37
39
39
40
40
40
41
43
45
45
50
53

5
11
2
1
2
3
11
11
3
41
1
11

1.5
3.8
15.6
11.5
7.2
8.1
2.6
3.4
2.0
3.7
7.2
2.1

-2.9
-1.9
4.3
-0.1
-0.5
2.9
0.4
2.0
0.2
5.1
1.0
0.9

0.2
0.5
0.8
-1.9
-3.0
-0.1
0.2
-3.0
0.8
-3.6
-0.2
-2.8

-0.2
-1.2
2.7
0.1
-1.7
-0.7
0.1
1.4
0.0
2.1
0.9
1.6

1.9
-0.2
1.9
2.9
1.4
-0.7
0.1
1.1
0.1
0.9
-0.3
-6.0

2.7
0.7
1.2
0.7
5.5
0.3
-0.4
1.6
-1.0
0.1
-0.1
4.7

55
57
57
57
57
57
58
60

1
1102
3
4
5
6
D
1

7.6
7.0
-7.8
12.4
0.9
2.4
7.7
1.5

1.6
-0.1
0.5
-2.5
-2.4
-1.0
3.2
0.8

-0.6
0.7
0.1
4.6
4.8
0.6
0.8
-0.7

0.7
1.5
-1.1
10.5
1.2
-0.2
0.0
1.2

0.4
-0.2
-1.5
3.4
-5.8
0.7
-0.6
0.1

1.9
0.1
-0.1
2.5
11.6
0.8
-1.4
0.0

1

All indexes are subject to revision for 4 months after their originally scheduled publication to incorporate late reports and corrections by survey respondents. In addition, seasonally
adjusted indexes are subject to change for up to 5 years due to the recalculation of seasonal factors published each January.
Seasonal tests did not indicate the presence of seasonality. Data shown is not seasonally adjusted.
3
Trade indexes measure changes in margins received by wholesalers and retailers.
p Preliminary
″-″ Data not available.
NOTE: The term ″(partial)″ denotes incomplete coverage of the index category.
2

29

Table 3. Producer price indexes for Final Demand-Intermediate Demand groupings, seasonally adjusted
[January 2024, Index base Nov. 2009=100, unless otherwise indicated]
Grouping

Commodity
Other
code
index
Group
Item
base
code
code

Seasonally adjusted index1
Sept.
2023

Oct.
2023p

Nov.
2023p

Dec.
2023p

Jan.
2024p

Final Demand
Final demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer foods2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer foods, crude. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer foods, processed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer energy goods2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods less foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods less foods and energy2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished consumer goods less foods and energy. . . . . . . . . . . . . . . . . . . . . .
Nondurable consumer goods less foods and energy. . . . . . . . . . . . . . . . .
Durable consumer goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital equipment for manufacturing industries. . . . . . . . . . . . . . .
Private capital equipment for nonmanufacturing industries. . . . . . . . . . .
Government purchased goods, excluding foods and energy. . . . . . . . . . . . . .
Government purchased goods excluding foods, energy, and capital
equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods for export, excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand trade services3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of finished goods2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of personal consumption goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of private capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of government purchased goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade of government purchased goods, excluding capital equipment. . .
Trade of government purchased capital equipment. . . . . . . . . . . . . . . . . . . .
Trade of exports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand transportation and warehousing services. . . . . . . . . . . . . . . . . . . . .
Transportation of passengers for final demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of private passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of government passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods for final demand. . . . . . . . . . . . . . .
Transportation and warehousing of finished goods2. . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of personal consumption goods. . . . .
Transportation and warehousing of private capital equipment. . . . . . . .
Transportation and warehousing of government purchased goods. . . . . .
Transportation and warehousing of exports. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services less trade, transportation, and warehousing. . . . . . . . .
Finished services less trade, transportation, and warehousing2. . . . . . . . . . .
Finished consumer services less trade, transportation, and
warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital investment services less trade, transportation, and
warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased services less trade, transportation, and
warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gov. purchased services less trade, transportation, and warehousing,
excl. capital investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased capital investment services less trade,
transportation, and warehousing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services for export less trade, transportation, and warehousing. . . . . . . . . . .
Final demand construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction for private capital investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction for government. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

4
41
411
4111
41113
41112
4112
4113
412
4121
4122
4123
413
4131
41311
413111
413112
41312
413121
413122
4132

142.658
145.037
149.456
263.936
228.312
266.186
154.974
149.216
153.943
240.470
166.246
146.473
141.135
248.345
275.915
358.014
191.727
213.280
228.999
208.579
137.482

142.144
143.193
149.763
264.741
221.837
267.681
156.678
148.269
144.003
223.102
158.537
143.721
141.218
248.574
276.111
358.802
191.426
213.528
229.287
208.815
137.620

142.229
142.983
150.786
266.756
264.871
265.778
156.497
149.268
141.380
219.923
154.147
137.962
141.417
249.063
276.701
359.621
191.791
213.907
229.691
209.186
137.594

142.020
142.600
149.763
265.267
248.171
265.745
155.546
147.384
139.993
220.734
146.513
128.163
141.527
249.172
276.886
360.112
191.713
213.944
230.083
209.119
137.655

142.488
142.333
149.387
266.365
267.898
265.063
153.578
143.114
137.667
216.965
143.959
126.949
141.933
250.161
277.550
361.124
192.052
215.175
231.896
210.177
138.298

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

41321
41322
4133
42
423
4231
42311
42312
4232
42321
42322
4233
422
4221
42211
42212
42213
4222
42221
422211
422212
42222
42223
421
4211

145.662
125.141
137.186
140.449
151.396
150.066
150.506
146.415
160.933
169.071
147.229
160.244
149.372
132.680
132.687
132.492
132.658
155.064
153.064
153.601
150.891
153.791
161.104
134.487
134.690

145.831
125.240
137.168
140.530
151.386
149.717
150.140
146.142
162.976
171.125
149.237
162.682
150.058
134.290
134.294
134.084
134.282
155.386
153.327
153.869
151.133
153.977
161.594
134.541
134.846

145.616
125.439
137.296
140.757
152.000
149.908
149.455
150.209
166.065
171.864
155.808
166.369
149.715
133.584
133.589
133.387
133.569
155.187
153.143
153.678
150.977
153.866
161.340
134.670
134.990

145.670
125.508
137.501
140.615
150.456
148.834
149.744
143.112
161.448
171.075
145.518
161.535
149.413
136.600
136.600
136.371
136.610
153.591
151.387
151.961
149.063
152.455
160.065
135.110
135.349

145.837
126.711
137.545
141.412
150.828
148.867
149.241
145.519
162.822
169.764
150.888
164.748
148.854
135.977
135.978
135.754
135.983
153.060
150.770
151.360
148.378
151.989
159.715
136.214
136.465

FD

42111

133.995

134.118

134.276

134.624

135.921

FD

42112

141.239

141.652

141.691

142.143

141.846

FD

4212

125.533

125.048

125.238

125.835

126.789

FD

42121

126.176

125.617

125.876

126.474

127.485

FD
FD
FD
FD
FD

42122
4213
43
431
432

110.303
142.631
174.862
179.053
167.044

110.896
141.823
174.378
178.498
166.707

110.083
141.667
174.130
178.176
166.616

110.647
143.097
174.249
178.377
166.560

110.746
144.224
174.752
178.824
167.184

04/10
04/10

FD
FD

49101
49102

140.401
140.613

139.809
140.124

139.856
140.229

139.721
140.087

140.210
140.560

04/10
04/10

FD
FD

49103
49104

139.965
139.766

140.029
139.832

140.235
140.040

140.117
139.959

140.875
140.656

04/10

FD

49105

140.448

139.855

139.875

139.675

140.227

00/82
00/82
00/82

00/82

00/82
00/82
00/82
00/82
00/82
00/82
00/82

Final Demand Special Groupings
Final demand less exports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less government. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less foods, food and nonalcoholic beverages for immediate
consumption, and energy4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less foods and energy4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less foods and food and nonalcoholic beverages for immediate
consumption4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

See footnotes at end of table.

30

Table 3. Producer price indexes for Final Demand-Intermediate Demand groupings, seasonally
adjusted — Continued
[January 2024, Index base Nov. 2009=100, unless otherwise indicated]
Grouping
Final demand less foods4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand less distributive services5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods less foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand services less trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand distributive services5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Final demand goods plus final demand distributive services5. . . . . . . . . . . . . . . . . . . .
Final demand less foods, energy, and trade services4. . . . . . . . . . . . . . . . . . . . . . . . . .
Private and government purchased capital equipment. . . . . . . . . . . . . . . . . . . . . . . . . .
Private and government purchased capital investment services. . . . . . . . . . . . . . . . .
Total private and government purchased capital investment. . . . . . . . . . . . . . . . . . . . .
Total finished2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods, food and nonalcoholic beverages for immediate
consumption, and energy2, 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods and energy2, 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods and food and nonalcoholic beverages for immediate
consumption2, 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less foods2, 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total finished less energy2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods less energy2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished goods, excluding foods2, 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private capital investment services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished distributive services2, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished services less trade services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finished services less distributive services2, 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total private capital investment (goods, services, and construction). . . . . . . . . . . . .
Finished goods plus finished distributive services2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total exports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services for export. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total government purchases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchased services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total government purchased capital investment (goods, services, construction).. .
Government purchases, defense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Government purchases, non-defense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption goods (finished consumer goods). . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption goods less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption goods less foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption nondurable goods less foods. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less distributive services5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Personal consumption less foods, energy, and trade services3. . . . . . . . . . . . . . . . . .
Personal consumption less foods, energy, and distributive services5. . . . . . . . . . . .
Personal consumption goods plus personal consumption distributive services5. . .

Commodity
Other
code
index
Item
base Group
code
code

Seasonally adjusted index1
Sept.
2023

Oct.
2023p

Nov.
2023p

Dec.
2023p

Jan.
2024p

04/10
04/10
01/10
01/10
01/10
04/10
04/10
04/10
04/10
08/13
08/13
08/13
08/13
01/10

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

49106
49107
49108
49109
49111
49112
49113
49114
49115
49116
49117
49118
49119
49201

140.163
140.063
138.966
138.442
141.445
140.973
134.702
148.903
144.542
128.885
128.786
132.768
134.148
141.320

139.611
140.143
138.348
137.784
141.576
138.721
134.814
148.945
143.506
128.966
128.929
132.969
134.242
140.736

139.642
140.395
138.316
137.759
141.952
138.259
134.898
149.421
143.584
129.064
129.154
134.490
135.052
140.804

139.481
140.262
138.401
137.915
141.815
138.018
135.265
147.900
142.735
129.337
129.184
132.002
133.837
140.751

139.989
140.898
138.885
138.443
142.048
137.779
136.204
148.125
142.675
130.071
129.995
132.771
134.577
141.260

12/10
01/10

FD
FD

49202
49203

139.539
140.387

139.575
140.432

139.717
140.576

139.672
140.531

140.368
141.227

12/10
01/10
01/10
00/82
00/82
00/82
01/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
00/82
04/10
04/10
00/82
04/10
08/13
05/15
05/15
01/10
00/82
00/82
00/82
00/82
04/10
04/10
04/10
04/14
04/14
04/14
08/13

FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD
FD

49204
49205
49206
49207
49208
49209
49210
49211
49212
49213
49214
49215
49216
49301
49302
49303
49401
49402
49403
49404
49405
49406
49501
49502
49503
49504
49508
49505
49506
49507
49510
49511
49512
49509

139.547
140.949
140.821
259.117
251.676
257.179
138.883
142.991
147.336
134.519
133.765
142.135
145.832
140.104
233.314
150.293
138.348
238.552
133.256
132.011
125.622
132.471
141.051
278.596
271.277
282.877
322.820
137.728
138.099
137.774
129.066
126.098
125.980
134.747

138.900
140.309
140.888
254.755
252.060
251.468
138.927
143.136
147.067
134.709
133.952
142.214
144.443
140.154
232.838
150.799
137.653
235.795
133.259
132.241
125.196
131.705
140.316
272.218
271.740
273.484
309.367
137.757
137.275
136.910
129.100
126.244
126.122
133.101

138.908
140.319
141.087
254.598
252.959
250.739
139.058
144.666
147.209
134.817
134.077
143.078
144.466
140.476
232.654
151.725
137.493
233.904
133.872
132.997
125.000
131.578
140.202
271.825
272.956
272.069
307.155
137.671
137.304
136.947
129.057
126.379
126.271
132.723

138.898
140.309
140.999
254.566
252.636
251.090
138.987
142.169
146.075
135.119
134.492
141.785
143.910
139.809
231.623
150.946
136.555
230.605
133.605
131.845
123.066
131.159
140.433
271.762
272.408
272.614
307.978
137.975
137.519
137.231
129.321
126.642
126.616
132.730

139.399
140.812
141.689
254.340
253.651
250.516
139.711
142.860
146.030
136.099
135.562
142.476
143.823
140.086
230.731
152.335
136.876
229.830
134.518
133.188
123.504
131.410
140.900
270.895
273.264
270.916
305.370
138.703
138.226
137.985
129.964
127.618
127.663
132.290

00/82
00/82

ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6

1
11
111
1111
1112
1113
112
1121
1122
12
121
122
13
131

259.969
232.278
143.789
249.178
261.948
278.576
188.022
145.116
132.750
352.280
168.369
178.379
265.775
262.911

257.408
231.948
143.362
250.427
262.966
274.665
188.226
145.138
132.900
352.394
167.689
179.057
254.259
262.944

256.001
231.079
142.432
248.914
261.230
272.867
188.351
145.106
132.994
352.916
167.771
179.464
249.603
260.733

254.757
231.422
142.520
248.044
259.615
275.647
188.892
145.598
133.372
353.561
167.807
180.020
242.700
255.656

254.171
232.007
142.783
244.386
257.845
280.786
189.577
145.892
133.867
354.481
168.309
180.433
238.622
250.032

Intermediate Demand by Commodity Type
Processed goods
Processed goods for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials and components for manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for food manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for nondurable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for durable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Components for manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Components for nondurable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Components for durable manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials and components for construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Materials for construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Components for construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed fuels and lubricants for intermediate demand. . . . . . . . . . . . . . . . . . . . . .
Processed fuels and lubricants to manufacturing industries. . . . . . . . . . . . . . . . .

00/82
00/82
00/82
00/82

00/82

00/82
00/82

See footnotes at end of table.

31

Table 3. Producer price indexes for Final Demand-Intermediate Demand groupings, seasonally
adjusted — Continued
[January 2024, Index base Nov. 2009=100, unless otherwise indicated]
Grouping

Processed fuels and lubricants to nonmanufacturing industries. . . . . . . . . . . . .
Containers for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to manufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to nonmanufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to nonmanufacturing industries, feeds. . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies to nonmanufacturing industries, other than feeds. . . . . . . . . . . . . . . .

Commodity
Other
code
index
Item
base Group
code
code

Seasonally adjusted index1
Sept.
2023

Oct.
2023p

Nov.
2023p

Dec.
2023p

Jan.
2024p

00/82
00/82
00/82
00/82
00/82
00/82
00/82

ID6
ID6
ID6
ID6
ID6
ID6
ID6

132
14
15
151
152
1521
1522

266.995
306.243
251.270
245.547
250.165
239.228
253.599

251.816
305.747
250.963
245.455
249.826
234.491
253.831

246.382
304.712
250.675
245.335
249.515
234.789
253.438

238.894
304.810
250.418
245.598
249.179
230.899
253.564

235.300
304.296
250.027
246.744
248.553
225.356
253.578

00/82
00/82
00/82
00/82
00/82

ID6
ID6
ID6
ID6
ID6

2
21
22
221
2211

260.916
224.899
275.770
352.655
327.113

256.642
220.155
272.026
346.013
320.602

251.263
219.195
263.658
328.626
303.647

240.187
211.988
250.243
310.538
286.018

240.495
207.367
254.135
317.394
292.181

00/82
00/82
00/82
00/82

ID6
ID6
ID6
ID6

2212
222
2221
2222

354.255
117.228
213.012
115.174

355.722
119.143
218.249
116.957

357.413
128.225
226.375
126.351

359.003
124.285
224.054
122.207

370.419
122.388
224.124
120.146

ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6

3
33
331
332
32
321
3211
3212
322
3221

146.741
171.689
155.792
153.799
155.510
132.557
132.637
132.608
157.979
130.682

146.667
174.173
157.997
156.072
156.199
134.148
134.260
134.196
158.585
130.960

147.370
176.522
161.242
157.115
155.977
133.451
133.547
133.500
158.407
131.108

147.927
176.053
160.439
157.055
157.161
136.434
136.586
136.477
159.425
130.203

148.684
176.301
162.231
155.781
156.997
135.817
135.959
135.861
159.303
130.036

Unprocessed goods
Unprocessed goods for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed foodstuffs and feedstuffs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials except fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials except fuel to manufacturing industries. . .
Unprocessed nonfood materials except fuel to nonmanufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed fuel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed fuel to manufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed fuel to nonmanufacturing industries. . . . . . . . . . . . . . . . . . . . . . . .
Services
Services for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services for intermediate demand3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services for manufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services for nonmanufacturing industries. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services for intermediate demand. . . . . . . . . . . .
Transportation of passengers for intermediate demand. . . . . . . . . . . . . . . . . . . . .
Transportation of passengers for manufacturing industries. . . . . . . . . . . . . . . .
Transportation of passengers for nonmanufacturing industries. . . . . . . . . . . .
Transportation and warehousing of goods for intermediate demand. . . . . . . . .
Transportation and warehousing of goods for manufacturing industries. . . .
Transportation and warehousing of goods for nonmanufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing for intermediate
demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing for manufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing for nonmanufacturing
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12/12
12/12

12/12
12/12

ID6

3222

141.295

141.902

141.657

143.075

142.986

ID6

31

138.378

137.620

138.135

138.791

139.817

ID6

311

129.111

129.512

129.591

130.163

132.293

ID6

312

138.676

137.878

138.408

139.066

140.054

ID6

4

145.826

145.907

145.964

146.010

146.550

ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6
ID6

9111
9112
9113
9118
9115
9116
9117
9211
9212
9213
9216

261.486
245.383
267.008
255.100
255.860
163.289
147.244
282.364
219.870
277.002
432.037

258.706
244.966
255.444
254.810
255.588
164.923
146.670
278.925
215.161
273.375
431.982

257.268
243.854
250.768
254.233
255.081
166.142
146.440
270.184
203.624
273.454
435.305

256.051
242.354
243.834
254.419
255.486
166.325
145.996
255.435
186.164
268.559
437.803

255.785
238.668
239.736
254.714
256.298
166.409
145.786
261.018
193.238
263.172
430.179

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

4
41
411
4111
4112
4113
412
4123
4122
41221
41222
4121
42

149.267
145.598
139.034
146.076
155.243
137.914
167.447
178.869
135.333
132.657
144.819
131.063
147.089

148.766
145.646
138.705
143.972
161.768
137.794
168.751
180.554
136.358
134.281
145.795
131.262
146.381

149.081
146.085
138.510
144.645
150.872
137.564
171.300
184.051
136.631
133.568
146.279
131.615
146.678

149.347
145.863
138.367
143.907
142.533
137.588
170.814
183.230
136.432
136.609
145.431
132.031
147.204

149.888
146.119
138.448
141.187
139.826
138.124
171.655
184.302
136.479
135.982
145.613
132.392
148.016

Construction
Construction for intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Intermediate Demand by Commodity Type Special Groupings
Processed materials less foods and feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed foods and feeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed energy goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed materials less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed materials less foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Intermediate distributive services6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Processed goods plus intermediate distributive services. . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed materials less agricultural products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed energy materials7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed materials less energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unprocessed nonfood materials less energy8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

00/82
00/82
00/82
00/82
00/82
04/10
04/10
00/82
00/82
00/82
00/82

Intermediate Demand by Production Flow
Stage 4 Intermediate Demand
Stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 4 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Inputs to stage 4 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

See footnotes at end of table.

32

Table 3. Producer price indexes for Final Demand-Intermediate Demand groupings, seasonally
adjusted — Continued
[January 2024, Index base Nov. 2009=100, unless otherwise indicated]
Grouping

Commodity
Other
code
index
Item
base Group
code
code

Seasonally adjusted index1
Sept.
2023

Oct.
2023p

Nov.
2023p

Dec.
2023p

Jan.
2024p

Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 4 construction producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

421
4211
4212
4213
422
4223
4222
42221
42222
4221
423
43
431
4312
4313
432
4323
4322
43221
43222
4321

147.364
148.826
145.124
147.352
146.777
161.381
151.086
132.166
154.929
143.716
145.826
164.011
169.113
175.066
172.389
150.953
168.520
147.213
138.287
148.210
131.984

146.795
149.302
142.973
147.389
146.024
163.299
151.609
133.774
155.270
142.551
145.907
163.152
167.369
155.575
172.390
152.295
171.004
147.697
139.977
148.668
132.648

146.775
147.705
143.500
147.536
146.426
164.838
151.251
133.068
154.970
142.907
145.964
163.264
167.119
150.065
172.663
153.307
173.624
147.622
139.235
148.608
132.691

146.726
146.651
143.335
147.867
147.144
163.280
152.334
136.081
155.730
143.824
146.010
163.526
167.486
148.584
173.225
153.306
174.165
145.967
142.399
146.828
132.865

145.576
145.039
140.043
148.122
148.609
164.749
152.243
135.459
155.729
145.441
146.550
163.560
167.762
144.776
173.918
152.741
173.701
145.456
141.746
146.318
132.216

Stage 3 Intermediate Demand
Stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 3 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Inputs to stage 3 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 3 construction producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

3
31
311
3111
3112
3113
312
3123
3122
31221
31222
3121
32
321
3211
3212
3213
322
3223
3222
32221
32222
3221
323
33
331
3313
332
3323
3322
33222
3321

147.174
154.748
150.509
166.324
145.294
148.277
160.685
165.518
149.706
141.244
149.962
135.009
140.400
136.779
156.199
143.698
135.775
141.192
197.253
162.449
104.229
162.951
132.486
145.826
141.706
134.575
171.481
168.993
174.036
115.270
121.672
126.013

146.272
153.915
149.013
162.686
146.934
147.456
162.466
168.394
150.119
142.972
150.292
135.643
139.439
131.033
156.234
134.255
135.765
141.480
200.011
163.380
104.295
163.887
132.451
145.907
141.580
133.486
170.093
169.984
175.081
115.812
122.244
126.492

145.991
153.541
147.940
160.141
142.053
147.216
164.824
172.851
150.057
142.213
150.270
135.626
139.211
128.013
157.238
129.280
135.757
141.984
200.092
163.006
104.350
163.510
133.223
145.964
142.093
133.481
170.086
171.178
176.421
116.528
122.999
125.978

145.397
152.523
146.811
155.699
137.391
147.704
164.306
172.475
148.895
145.449
148.861
135.938
138.914
122.491
156.174
120.238
135.708
143.060
201.056
165.650
104.579
166.167
133.880
146.010
142.235
133.744
170.422
171.195
176.399
116.410
122.876
126.582

145.421
152.702
146.676
152.178
137.527
149.025
165.684
175.249
148.557
144.782
148.542
135.959
138.836
121.376
155.307
118.142
136.172
143.247
197.753
165.447
104.450
165.964
134.382
146.550
141.817
134.181
170.979
169.712
174.644
116.822
123.310
127.686

Stage 2 Intermediate Demand
Stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 2 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

2
21
211
2111
2112
2113
212
2123
2122
21221
21222
2121
213

137.233
127.370
124.385
160.075
97.735
142.186
149.792
167.239
168.132
133.181
170.148
136.636
145.826

136.804
126.388
122.804
158.128
95.339
142.375
150.671
168.995
168.682
134.736
170.645
136.962
145.907

135.553
124.189
119.543
159.016
90.167
141.983
151.719
171.661
169.063
134.058
171.079
136.961
145.964

133.674
120.339
114.466
155.434
82.677
141.592
151.458
170.105
169.646
136.977
171.548
137.332
146.010

134.321
121.097
115.340
148.338
85.837
140.250
151.911
170.072
170.223
136.370
172.184
138.305
146.550

See footnotes at end of table.

33

Table 3. Producer price indexes for Final Demand-Intermediate Demand groupings, seasonally
adjusted — Continued
[January 2024, Index base Nov. 2009=100, unless otherwise indicated]
Grouping

Commodity
Other
code
index
Item
base Group
code
code

Seasonally adjusted index1
Sept.
2023

Oct.
2023p

Nov.
2023p

Dec.
2023p

Jan.
2024p

Inputs to stage 2 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

22
221
2211
2212
2213
222
2223
2222
22221
22222
2221
223

144.681
145.180
112.921
168.480
144.388
144.174
182.648
141.968
133.094
144.160
143.401
145.826

144.949
144.739
112.145
155.648
144.766
144.532
192.265
143.182
134.711
145.288
143.269
145.907

144.915
144.247
114.103
151.698
144.469
144.551
189.822
142.918
134.001
145.106
143.424
145.964

145.539
143.782
113.555
147.269
144.264
145.320
192.533
149.290
137.031
152.128
143.695
146.010

146.027
143.187
112.277
146.808
143.669
145.939
186.162
148.505
136.405
151.311
144.746
146.550

Stage 1 Intermediate Demand
Stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 1 goods producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 1 services producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation of passengers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .
Construction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inputs to stage 1 construction producers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goods excluding foods and energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transportation and warehousing of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Services less trade, transportation, and warehousing. . . . . . . . . . . . . . . . . . . . .

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

1
11
111
1111
1112
1113
112
1123
1122
11221
11222
1121
113
12
121
1211
1212
1213
122
1223
1222
12221
12222
1221
123
13
131
1312
1313
132
1323
1322
13222
1321

146.400
143.807
142.266
146.247
132.285
147.644
151.898
163.958
158.594
132.632
163.226
110.911
145.826
146.663
149.574
130.764
167.013
149.676
144.762
174.320
143.165
132.553
164.061
140.399
145.826
164.039
165.916
155.614
169.865
160.481
170.084
122.194
126.394
139.101

145.766
144.098
141.987
143.852
131.768
147.775
153.840
167.968
157.841
134.256
161.891
110.412
145.907
145.438
147.100
127.236
158.485
149.931
144.069
176.947
143.978
134.176
164.535
139.173
145.907
163.525
164.782
143.277
170.064
161.485
171.472
122.257
126.459
138.855

145.678
143.626
140.488
142.452
127.824
146.810
156.316
172.024
158.897
133.542
163.375
110.765
145.964
145.547
146.196
127.941
155.536
149.933
144.603
177.784
143.561
133.463
164.229
139.806
145.964
163.593
164.431
137.291
170.388
162.581
173.067
122.079
126.275
138.966

145.358
142.958
139.807
140.624
123.551
147.172
155.667
170.500
159.392
136.583
163.232
111.120
146.010
145.495
144.675
127.965
149.988
150.218
145.169
178.951
144.489
136.502
164.144
140.255
146.010
162.969
163.666
126.183
170.860
162.297
173.314
120.388
124.526
139.535

145.674
143.135
139.201
135.359
122.778
147.383
158.107
174.860
158.525
135.956
162.315
111.302
146.550
145.985
144.052
127.771
147.114
150.622
146.125
176.806
144.258
135.875
164.098
141.674
146.550
162.884
164.141
124.423
171.612
160.838
171.501
119.667
123.780
141.004

ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5
ID5

9411
9412
9413
9414
9415
9416
9311
9312
9313
9314
9315
9316
9211
9212
9213
9214
9215
9216
9111

144.517
149.878
144.618
144.030
137.853
146.644
139.644
143.585
144.618
147.960
141.183
140.505
120.445
145.981
144.618
160.388
96.482
134.558
132.124

143.841
149.552
144.698
143.056
133.620
146.586
137.192
144.120
144.698
144.750
133.566
139.832
119.054
146.464
144.698
158.447
94.020
134.778
131.095

143.691
150.284
144.755
142.761
132.866
146.554
135.711
144.929
144.755
142.512
128.701
139.641
116.226
146.726
144.755
159.358
88.970
134.429
130.112

143.681
150.789
144.801
141.906
132.267
146.767
133.585
145.728
144.801
138.585
120.482
140.024
111.852
147.254
144.801
155.802
81.670
134.101
129.244

143.436
152.022
145.336
139.712
129.190
147.278
133.226
146.091
145.336
135.471
118.757
141.146
112.538
147.836
145.336
148.755
84.724
133.000
128.862

Intermediate Demand by Production Flow Special Groupings
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total

goods inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
services inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
energy goods inputs to stage 4 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 4 intermediate demand. . . . . .
goods inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
services inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
energy goods inputs to stage 3 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 3 intermediate demand. . . . . .
goods inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
services inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
energy goods inputs to stage 2 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 2 intermediate demand. . . . . .
goods inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10
04/10

See footnotes at end of table.

34

Table 3. Producer price indexes for Final Demand-Intermediate Demand groupings, seasonally
adjusted — Continued
[January 2024, Index base Nov. 2009=100, unless otherwise indicated]
Grouping

Total
Total
Total
Total
Total

services inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . .
construction inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . .
foods inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
energy goods inputs to stage 1 intermediate demand. . . . . . . . . . . . . . . . . . . . .
goods less foods and energy inputs to stage 1 intermediate demand. . . . . .

Commodity
Other
code
index
Item
base Group
code
code
04/10
04/10
04/10
04/10
04/10

ID5
ID5
ID5
ID5
ID5

1

9112
9117
9114
9115
9116

Seasonally adjusted index1
Sept.
2023

Oct.
2023p

Nov.
2023p

Dec.
2023p

Jan.
2024p

146.258
144.618
137.176
146.570
126.712

146.131
144.698
134.897
141.180
126.864

147.031
144.755
133.630
137.684
126.530

147.331
144.801
131.953
132.362
126.830

148.380
145.336
127.120
130.511
127.147

All indexes are subject to revision for 4 months after their originally scheduled publication to incorporate late reports and corrections by survey respondents. In addition, seasonally
adjusted indexes are subject to change for up to 5 years due to the recalculation of seasonal factors published each January.
PPI defines Total finished as including only the personal consumption and private capital investment portions of final demand.
3
Trade indexes measure changes in margins received by wholesalers and retailers.
4
The PPI definition of foods does not include food and beverages for immediate consumption. PPI defines food and beverages for immediate consumption as the service of preparing
meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption.
5
Distributive services include transportation, warehousing, and trade of goods.
6
Includes intermediate trade, transportation, and warehousing services.
7
Includes crude petroleum.
8
Excludes crude petroleum.
p Preliminary
″-″ Data not available.
2

35