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USDL 00-227
TRANSMISSION OF MATERIAL IN
THIS RELEASE IS EMBARGOED
UNTIL 8:30 A.M. (E.D.T.), FRIDAY,
AUGUST 11, 2000

Producer Price Indexes -- July 2000
The Producer Price Index for Finished Goods showed no change in July,
seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. This index posted a 0.6-percent advance in June
and showed no change in May. The index for finished goods other than foods
and energy edged up 0.1 percent in July, after falling 0.1 percent a month
ago. Prices received by manufacturers of intermediate goods registered a
0.2-percent gain, following a 0.9-percent advance a month earlier. The
crude goods index decreased 1.1 percent, after rising 5.8 percent in June.
(See table A.)
Table A. Monthly and annual percent changes in selected stage-ofprocessing price indexes, seasonally adjusted
Finished
goods
Except

Month

Total

Foods

foods
and
Energy energy

Change in
finished
goods
from 12
months
ago
(unadj.)

Intermediate Crude
goods

goods

1999
July
Aug.
Sept.
Oct.
Nov.
Dec.

0.2
.6
.8
0
.1
.1

-0.4
.5
.7
-.3
-.2
0

2.7
3.3
2.1
-.4
1.1
.7

-0.1
.1
.6
.2
-.1
.1

1.5
2.3
3.1
2.8
3.1
2.9

0.7
.5
.5
.2
.2
.3

0.2
5.1
4.6
-2.4
5.2
-4.9

2000
Jan.
Feb.
Mar.
Apr.
May

.1
1.1
r.7
r-.1
0

.2
.5
.1
1.0
-.2

.9
5.3
r4.4
r-3.0
-.5

-.2
.3
.1
r.2
.2

2.5
4.0
r4.3
3.9
3.9

.5
.9
.9
-.1
-.1

2.6
3.9
r2.2
r-2.1
3.2

June
.6
-.3
5.1
-.1
4.3
.9
5.8
July
0
0
-.7
.1
4.1
.2
-1.1
r=revised. Some of the figures shown above and elsewhere in
this release may differ from those previously reported
because data for March 2000 have been revised to reflect the
availability of late reports and corrections by respondents.
Prices for finished energy goods turned down 0.7 percent, after rising
5.1 percent in the previous month, and caused July's deceleration in the
finished goods index. By contrast, the index for consumer goods other than
foods and energy edged up, following a small decline in June. Finished
consumer food prices showed no changed in July, after falling 0.3 percent
in the prior month. The capital equipment index rose, following no change
a month ago.
Before seasonal adjustment, the Producer Price Index for Finished
Goods fell 0.1 percent in July to stand at 138.3 (1982=100). From July
1999 to July 2000, a 19.2-percent advance in prices for finished energy
goods led the 4.1-percent increase for the finished goods index. During
the same period, prices for finished goods other than foods and energy rose
1.5 percent, and prices for finished consumer foods increased 2.1 percent.
Prices received by manufacturers of intermediate goods rose 5.0 percent for
the 12 months ended in July, and the index for crude goods advanced 23.4
percent for the same period.
Finished goods
The finished energy goods index fell 0.7 percent in July, after
posting a 5.1-percent gain in June. Most of the deceleration in prices for
finished energy goods can be attributed to a downturn in the gasoline
index, which decreased 9.1 percent following an 11.8-percent advance last
month. Prices for liquefied petroleum gas rose less than in June. The
index for home heating oil turned down, after rising in the prior month.
By contrast, prices for residential electric power turned up 2.0 percent in
July, following a 0.7-percent decline in June. The index for residential
natural gas rose at a faster rate than a month ago.
Table B. Monthly and annual percent changes in selected price indexes for
intermediate goods and crude goods, seasonally adjusted
Intermediate
goods

Crude goods
Change in
intermedi
ate

Change in

Month
1999
July
Aug.
Sept.
Oct.
Nov.
Dec.

Foods
-1.0
1.3
1.0
.8
-.6
-1.9

Exclud
goods
ing
from
foods 12 months
and
ago
Energy energy (unadj.)
2.8
2.5
1.9
-.8
1.8
1.4

0.5
.2
.1
.2
.1
.1

0.3
1.1
2.0
2.2
2.8
3.7

crude goods
Excluding
from
Energy
foods
12 months
and
ago
Foods (unadj.) energy
(unadj.)
-3.9
3.6
1.3
.1
1.0
-2.0

4.3
8.6
9.3
-7.0
11.5
-11.1

1.4
1.9
1.8
2.4
1.0
2.5

-0.2
9.3
16.5
10.6
16.7
15.3

2000
Jan.
.1
1.8
.4
4.1
.7
4.7
2.3
17.4
Feb.
.5
4.3
.3
5.4
.6
8.9
.6
25.1
Mar.
r1.0
r3.6
r.4
r5.9
r3.6
r2.3
-.5
r26.9
Apr.
r.6 r-2.2
r.3
5.3
r1.6 r-6.0 r-1.1
21.4
May
.7
-1.4
.1
5.0
-1.8
9.9
-.3
18.5
June
.4
4.7
.2
5.4
-2.6
16.2
-1.3
25.2
July
-.7
.5
.2
5.0
-2.7
.4
-1.8
23.4
r=revised. Some of the figures shown above and elsewhere in this release
may differ from those previously reported because data for March 2000
have been revised to reflect the availability of late reports and
corrections by respondents.
The index for finished consumer goods other than foods and energy
posted a 0.1-percent gain in July, after declining at the same rate in
June. Prices for cigarettes showed no change, following a 1.8-percent
decrease in the prior month. The rate of decline in prices for sanitary
papers and health products slowed from June to July. The indexes for
alcoholic beverages, book publishing, men's and boys' apparel, and
household appliances increased, after falling in the previous month. The
prescription drugs index rose more than a month earlier. On the other
hand, prices for light motor trucks edged down 0.1 percent in July,
following a 0.3-percent gain in June. The indexes for home electronic
equipment, mobile homes, and cosmetics and other toilet preparations also
turned down, after rising a month ago. Prices for girls', children's, and
infants' apparel showed no change, following a 1.2-percent advance in June.
The index for finished consumer foods was unchanged in July, after
posting a 0.3-percent decrease in June. In July, price increases for dairy
products, pork, bakery products, and for finfish and shellfish offset
falling prices for eggs for fresh use, beef and veal, processed young

chickens, and soft drinks.
The capital equipment index edged up 0.1 percent in July, after
showing no change in the prior month. Rising prices for civilian aircraft,
office and store machines and equipment, truck trailers, and industrial
material handling equipment slightly outweighed falling prices for
passenger cars, communication and related equipment, heavy motor trucks,
and light motor trucks.
Intermediate goods
The Producer Price Index for Intermediate Materials, Supplies, and
Components rose 0.2 percent, after advancing 0.9 percent in June. Most of
this deceleration can be attributed to prices for intermediate energy
goods, which increased 0.5 percent in July and 4.7 percent in June. Prices
for intermediate foods and feeds turned down, after rising in the previous
month. The index for materials and components for construction fell more
than a month ago. By contrast, prices for nondurable manufacturing
materials advanced 0.9 percent, following a 0.6-percent increase a month
earlier. The index for durable manufacturing materials rose, after falling
in June. Marking the seventeenth consecutive increase, the index for
intermediate materials other than foods and energy advanced 0.2 percent in
July. (See table B.)
Prices for intermediate energy goods rose 0.5 percent in July, after
advancing 4.7-percent in June. Rising prices for industrial electric
power, commercial natural gas, jet fuels, industrial natural gas,
commercial electric power, diesel fuel, and residual fuel outweighed
falling prices for gasoline.
The intermediate foods and feeds index turned down 0.7 percent in
July, after registering a 0.4-percent gain in June. The index for prepared
animal feeds fell 1.7 percent, following a 0.7-percent increase in the
prior month. Prices for flour and for beef and veal also turned down,
after rising in the previous month. The crude vegetable oils index fell
more than a month earlier. Conversely, prices for fluid milk products
advanced 1.6 percent, after edging up 0.1 percent a month ago. The
indexes for pork and for natural, processed, and imitation cheese also rose
more than in the prior month.
The index for materials and components for construction decreased 0.3
percent in July, after a 0.1-percent decline in June. Softwood lumber
prices fell 3.3 percent, following a 0.8-percent drop in the prior month.
The indexes for plastic construction products, heating equipment, and for
air conditioning and refrigeration equipment turned down, after rising in

the previous month. Prices for asphalt felts and coatings rose less than a
month ago. By contrast, the index for wiring devices rose 0.2 percent,
after falling 0.3 percent a month earlier. Prices for fabricated
structural metal products, nonferrous wire and cable, and plywood fell less
than in the prior month.
Prices for nondurable manufacturing materials increased 0.9 percent in
July, after posting a 0.6-percent rise in June. The industrial chemicals
index advanced 2.5 percent, following a 0.9-percent gain in the prior
month. Prices for gray fabrics, phosphates, and for processed yarns and
threads turned up, after falling in the previous month. On the other hand,
the plastic resins and materials index turned down 0.3 percent, following a
0.8-percent gain a month ago. Prices for medicinal and botanical chemicals
and inedible fats and oils also fell, after rising a month earlier.
Paperboard prices rose less than in the prior month.
The durable manufacturing materials index increased 0.1 percent in
July, after falling 0.2 percent in June. Prices for aluminum, except
extrusion billet, gained 2.9 percent, following a 1.1-percent rise in the
previous month. The indexes for aluminum mill shapes, copper and brass
mill shapes, and for cold rolled sheet and strip rose, after falling a
month ago. Flat glass prices rose more than in the prior month. By
contrast, the hot rolled sheet and strip index dropped 0.8 percent,
following a 0.3-percent decline a month earlier. Prices for gold and
platinum turned down, after rising in June. The silver index fell, after
showing no change in the previous month.
Crude goods
The Producer Price Index for Crude Materials for Further Processing
declined 1.1 percent in July, after posting a 5.8-percent advance in June.
A slower rate of increase for crude energy materials accounted for nearly
all of the downturn in the crude goods index. Prices for basic industrial
materials and for crude foodstuffs and feedstuffs fell slightly more than
in the prior month. (See table B.)
The index for crude energy materials edged up 0.4 percent in July,
after registering a 16.2-percent increase in June. Crude petroleum prices
fell 7.2 percent, following a 13.8-percent jump in the previous month. The
natural gas index rose 6.4 percent, after gaining 23.9 percent a month ago.
By contrast, coal prices advanced 0.6 percent, following a 1.6-percent
decline a month earlier.
The index for basic industrial materials decreased 1.8 percent in
July, after posting a 1.3-percent drop in the prior month. Following a

June decline of 1.4 percent, wastepaper prices fell 12.3 percent in July,
the largest decline since a 13.3-percent drop in April 1996. The index for
softwood logs, bolts, and timber also decreased more than in the previous
month. Prices for gold and copper ores turned down, after rising in the
previous month. On the other hand, prices for aluminum base scrap advanced
4.1 percent in July, after showing no change in June. The indexes for raw
cotton and for iron and steel scrap fell less than a month earlier. Prices
for cattle hides, hardwood logs, pulpwood logs, and phosphates turned up,
after decreasing a month ago.
The index for crude foodstuffs and feedstuffs declined 2.7 percent in
July, following a 2.6-percent decrease a month earlier. Falling July
prices for corn, soybeans, slaughter cattle, slaughter broilers and fryers,
and Irish potatoes for processing outweighed rising prices for fluid milk,
slaughter hogs, and unprocessed finfish.
Net output price indexes for mining, manufacturing, and services industries
Mining. The Producer Price Index for the Net Output of Total Domestic
Mining Industries advanced 0.9 percent in July, after registering a 13.8percent gain in June. (Net output price indexes are not seasonally
adjusted.) Leading the deceleration among mining industries, the index for
the crude petroleum, natural gas, and natural gas liquids industry
increased 1.0 percent, following a 19.0-percent rise a month earlier.
Prices received by the gold ores and copper ores industries declined, after
advancing in the prior month. The index for the crushed and broken
limestone industry increased less than a month ago. By contrast, prices
received by the bituminous coal and lignite industry rose 0.5 percent,
following a 1.2-percent drop in June. The indexes for the potash, soda,
and borate minerals industry and for the oil and gas field exploration
services industry also turned up, after falling in the previous month.
Prices received by the oil and gas well drilling industry gained more than
a month earlier. In July, the Producer Price Index for the Net Output of
Total Domestic Mining Industries stood at 114.8 (December 1984=100), 45.9
percent above its year-ago level.
Manufacturing. The Producer Price Index for the Net Output of Total
Domestic Manufacturing Industries decreased 0.3 percent in July, after
posting a 0.4-percent advance in the prior month. Prices received by the
petroleum refining industry declined 5.0 percent, following a 6.4-percent
increase a month ago. The index for the printing, publishing, and allied
industries group rose less than in the previous month. Prices received by
the measuring and controlling instrument industry group showed no change,
after gaining in June. The index for the lumber and wood products (except
furniture) industry group fell more than a month earlier. Conversely,

prices received by the chemicals and allied products industry group
advanced 0.6 percent in July, following a 0.1-percent increase in June.
The index for the food and kindred products industry group rose 0.2
percent, after showing no change in the prior month. Prices received by
the tobacco manufactures industry group and the transportation equipment
industry group were unchanged for July, following decreases a month
earlier. In July, the Producer Price Index for the Net Output of Total
Domestic Manufacturing Industries stood at 133.6 (December 1984=100), 4.1
percent above its year-ago level.
Services. Prices received by general medical and surgical hospitals,
offices of physicians, skilled and intermediate care facilities, hotels and
motels, and operators and lessors of nonresidential buildings increased in
July. By contrast, the indexes for the trucking (except local) industry,
life insurance carriers, travel agencies, and the non-scheduled air
transportation industry decreased this month.
*****
Producer Price Index data for August 2000 will be
released on Thursday, September 14, 2000 at 8:30 a.m. (E.D.T)
Resampling of Industries
Effective with this release, the Producer Price Index (PPI) includes
data for 13 resampled industries. The Bureau of Labor Statistics
periodically updates the sample of producers providing data for the PPI to
reflect current conditions more accurately when the structure, membership,
technology, or product mix of an industry shifts significantly. The first
results of this systematic process were published in July 1986. Subsequent
efforts have been completed at 6-month intervals. For information on
specific additions, deletions, and recodes of indexes that are effective
this month, see the July 2000 issue of the PPI Detailed Report or contact
the Section of Index Analysis and Public Information at (202) 691-7705.
As part of an ongoing effort to expand coverage to sectors of the
economy other than mining and manufacturing, 7 industries are being
introduced into the PPI for the first time. These new indexes comprise the
food stores and new car dealers portions of retail trade. Indexes for
these industries appear in table 5 of the PPI Detailed Report. (Table 5
also includes data for SIC 5451 Dairy Products Stores in an aggregate index
for SIC 54 Food Stores.) For further discussion of these new indexes, see
"Retail trade industries in the PPI" in the July 2000 issue of the PPI
Detailed Report or call the Section of Index Analysis and Public
Information at (202) 691-7705.

Standard
Industrial
Classification
(SIC) Code
1081
1241
1481
2295
2673
2835
2841
2843
3677
3679
3694
4221
4841
5411
5421
5431
5441
5461
5499
5511

Industry
Metal mining services
Coal mining services
Non-metallic minerals (except fuels) services
Coated fabrics, not rubberized
Plastics, foil and coated paper bags
In vivo and In vitro diagnostics
Soap and other detergents
Surface-active agents
Electronic coils, transformers, and other inductors
Electronic components, n.e.c.
Electrical equipment for internal combustion engines
Farm product warehousing and storage
Cable and other pay television services
Grocery stores
Meat and fish (seafood) markets
Fruit and vegetable markets
Candy, nut, and confectionery stores
Retail bakeries
Miscellaneous food stores
New car dealers

Table 1. Producer price indexes and percent changes by stage of processing
(1982=100)
_______________________________________________________________________________________________________________________________
|
|
|Unadjusted
|
|
|
| percent
|Seasonally adjusted
| Relative |
Unadjusted index
|change to
|percent change from:
Grouping
|importance|
|July 2000 from:|
|
|_______________________|_______________|__________________________
|
Dec.
|
|
|
|
|
|
|
|
|
Mar.
|June
|July
| July | June |Apr. to| May to |June to
|
1999 1/|2000 2/|2000 2/|2000 2/| 1999 | 2000 |
May |
June | July
_________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________
|
Finished goods...................................| 100.000
136.8
138.4
138.3
4.1
-0.1
0
0.6
0
Finished consumer goods........................|
75.611
136.7
138.8
138.6
4.9
-.1
0
.8
-.1
Finished consumer foods......................|
22.882
136.0
137.3
137.4
2.1
.1
-.2
-.3
0
Crude......................................|
1.619
119.0
115.5
114.7
-5.8
-.7
-2.3
-6.2
-1.4
Processed..................................|
21.263
137.3
139.1
139.3
2.7
.1
0
.1
.1

Finished consumer goods, excluding foods.....|
52.729
Nondurable goods less foods................|
36.838
Durable goods..............................|
15.891
Capital equipment..............................|
24.389
Manufacturing industries.....................|
6.436
Nonmanufacturing industries..................|
17.953
|
Intermediate materials, supplies, and components.| 100.000
Materials and components for manufacturing.....|
46.550
Materials for food manufacturing.............|
3.339
Materials for nondurable manufacturing.......|
15.689
Materials for durable manufacturing..........|
10.279
Components for manufacturing.................|
17.243
Materials and components for construction......|
13.727
Processed fuels and lubricants.................|
13.649
Manufacturing industries ....................|
4.947
Nonmanufacturing industries..................|
8.702
Containers.....................................|
3.953
Supplies.......................................|
22.121
Manufacturing industries.....................|
5.089
Nonmanufacturing industries..................|
17.032
Feeds......................................|
1.160
Other supplies.............................|
15.872
|
Crude materials for further processing...........| 100.000
Foodstuffs and feedstuffs......................|
38.999
Nonfood materials..............................|
61.001
Nonfood materials except fuel 3/.............|
38.153
Manufacturing 3/...........................|
36.758
Construction...............................|
1.395
Crude fuel 4/................................|
22.848
Manufacturing industries...................|
1.933
Nonmanufacturing industries................|
20.915
|
Special groupings
|
|
Finished goods, excluding foods..................|5/ 77.118
Intermediate materials less foods and feeds......|6/ 95.501
Intermediate foods and feeds.....................|6/ 4.499
Crude materials less agricultural products 3/ 7/.|8/ 58.794
|
Finished energy goods............................|5/ 13.780
Finished goods less energy.......................|5/ 86.220
Finished consumer goods less energy..............|5/ 61.831
|

136.8
136.4
133.8
138.5
139.2
138.1

139.2
139.9
133.6
138.5
139.5
138.1

139.0
139.7
133.2
138.6
139.4
138.2

6.3
8.4
1.1
1.2
.7
1.3

-.1
-.1
-.3
.1
-.1
.1

0
-.1
.4
.1
.1
.1

1.2
1.8
-.1
0
.1
-.1

-.1
-.1
0
.1
0
.2

127.8
127.6
118.1
131.3
129.7
126.0
151.3
97.4
96.0
97.8
148.1
136.0
142.3
133.3
94.7
138.0

129.7
128.6
120.7
133.9
129.3
126.1
150.9
103.2
101.7
103.6
153.3
137.1
143.5
134.3
97.1
138.9

130.1
129.0
120.5
135.0
129.3
126.2
150.5
103.9
103.7
103.6
153.3
137.3
144.0
134.5
95.1
139.3

5.0
3.5
1.3
8.2
2.5
.5
0
18.6
14.3
21.2
7.9
2.5
2.5
2.6
9.2
2.1

.3
.3
-.2
.8
0
.1
-.3
.7
2.0
0
0
.1
.3
.1
-2.1
.3

-.1
.2
-.1
.7
-.2
.1
-.3
-1.5
-1.5
-1.5
.7
.3
.1
.4
2.7
.1

.9
.2
.2
.6
-.2
.1
-.1
4.7
3.6
5.4
.3
.4
.5
.3
.7
.4

.2
.4
-.2
.9
.1
.1
-.3
.5
1.7
-.2
0
.1
.3
.1
-2.1
.3

112.9
101.4
116.7
121.5
111.8
203.0
100.8
100.1
102.7

121.9
101.8
131.4
123.8
114.1
195.8
131.3
130.8
133.7

120.8
99.4
131.1
118.3
108.9
191.6
138.3
137.8
140.8

23.4
3.3
37.3
27.3
28.6
-1.9
51.0
52.3
50.9

-.9
-2.4
-.2
-4.4
-4.6
-2.1
5.3
5.4
5.3

3.2
-1.8
6.5
8.6
9.0
-1.2
3.4
2.5
3.5

5.8
-2.6
10.7
5.6
5.8
-1.7
18.1
19.1
18.0

-1.1
-2.7
-.2
-4.4
-4.5
-2.1
5.3
5.4
5.3

136.9
128.8
111.0
117.4

138.6
130.7
113.5
133.1

138.4
131.0
112.7
132.9

4.6
5.1
3.3
38.4

-.1
.2
-.7
-.2

.1
-.1
.7
6.5

.9
.9
.4
11.1

-.1
.3
-.7
-.1

90.9
144.3
146.7

97.0
144.6
147.1

96.2
144.7
147.2

19.2
1.7
1.9

-.8
.1
.1

-.5
.1
.1

5.1
-.2
-.2

-.7
.1
.1

Finished goods less foods and energy.............|5/ 63.338
147.5
147.5
147.5
1.5
0
.2
-.1
.1
Finished consumer goods less foods and energy....|5/ 38.949
153.6
153.4
153.5
1.7
.1
.2
-.1
.1
Consumer nondurable goods less foods and energy..|5/ 23.058
169.1
169.0
169.4
2.1
.2
.1
-.2
.2
|
Intermediate energy goods........................|6/ 13.762
97.1
102.9
103.6
18.8
.7
-1.4
4.7
.5
Intermediate materials less energy...............|6/ 86.238
134.5
135.5
135.7
2.9
.1
.2
.1
.2
Intermediate materials less foods and energy.....|6/ 81.739
136.1
136.9
137.2
2.8
.2
.1
.2
.2
|
Crude energy materials 3/........................|8/ 39.555
102.5
122.9
123.4
53.5
.4
9.9
16.2
.4
Crude materials less energy......................|8/ 60.445
114.1
113.3
110.9
4.8
-2.1
-1.3
-2.2
-2.4
Crude nonfood materials less energy 4/...........|8/ 21.446
150.9
146.8
144.2
7.5
-1.8
-.3
-1.3
-1.8
_______________________________________________________________________________________________________________________________
1/

Comprehensive relative importance figures are initially computed
after the publication of December indexes and are recalculated
after final December indexes are available. The first-published
and final December relative importances initially appear,
respectively, in the release tables containing January and May data.
The indexes for March 2000 have been recalculated to incorporate
late reports and corrections by respondents. All indexes
are subject to revision 4 months after original publication.

3/
4/
5/
6/
7/

Includes crude petroleum.
Excludes crude petroleum.
Percent of total finished goods.
Percent of total intermediate materials.
Formerly titled "Crude materials for
2/
further processing, excluding crude
foodstuffs and feedstuffs, plant and
animal fibers, oilseeds, and leaf tobacco."
8/ Percent of total crude materials.
Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing
(1982=100 unless otherwise indicated)
____________________________________________________________________________________________________________________________________
|
|
|Unadjusted
|
|
|
| percent
|Seasonally adjusted
|
|
Unadjusted index
|change to
|percent change from:
Commodity |
|
|July 2000 from:|
code
|
Grouping
|_______________________|_______________|________________________
|
|
|
|
|
|
|
|
|
|
|Mar.
|June
|July
| July | June |Apr. to| May to|June to
|
|2000 1/|2000 1/|2000 1/| 1999 | 2000 |
May | June | July
___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________
|
|
|FINISHED GOODS.........................................| 136.8
138.4
138.3
4.1
-0.1
0
0.6
0
| FINISHED CONSUMER GOODS...............................| 136.7
138.8
138.6
4.9
-.1
0
.8
-.1
| FINISHED CONSUMER FOODS..............................| 136.0
137.3
137.4
2.1
.1
-.2
-.3
0
|
|
01-11
|
Fresh fruits and melons 2/..........................| 96.0
83.2
82.8
-18.7
-.5
3.2
-11.8
-.5
01-13
|
Fresh and dry vegetables 2/.........................| 122.4
119.9
119.2
1.6
-.6
12.1
-14.7
-.6
01-71-07
|
Eggs for fresh use (Dec. 1991=100)..................| 70.0
81.9
70.3
-6.5 -14.2
-17.9
20.9
-17.4
02-11
|
Bakery products 2/..................................| 180.6
181.6
182.8
2.7
.7
.1
.1
.7
02-13
|
Milled rice 2/......................................| 103.9
100.8
100.3
-19.8
-.5
.2
-2.7
-.5
02-14-02
|
Pasta products (June 1985=100) 2/...................| 121.6
121.2
121.3
-.6
.1
-.1
-.3
.1

02-21-01
02-21-04
02-22-03
02-22-06
02-23
02-3
02-4
02-55
02-62
02-63-01
02-78

|
|
|
|
|
|
|
|
|
|
|
|
|
|
02-61
|
03-81-01
|
03-81-02
|
03-81-03
|
03-82
|
04-3
|
05-41
|
05-51
|
05-71
|
05-73-02-01|
06-35
|
06-36
|
06-71
|
06-75
|
07-12
|
09-15-01
|
09-31-01
|
09-32-01
|
09-33
|
12-1
|
12-3
|
12-4
|
12-5
|
12-62
|
12-64
|
12-66
|
14-11-01
|
15-11
|
15-12
|
15-2
|
15-5
|

Beef and veal.......................................|
Pork................................................|
Processed young chickens............................|
Processed turkeys...................................|
Finfish and shellfish...............................|
Dairy products......................................|
Processed fruits and vegetables 2/..................|
Confectionery end products 2/.......................|
Soft drinks.........................................|
Roasted coffee 2/...................................|
Shortening and cooking oils 2/......................|
|
FINISHED CONSUMER GOODS EXCLUDING FOODS..............|
|
Alcoholic beverages.................................|
Women's apparel 2/..................................|
Men's and boys' apparel.............................|
Girls', children's, and infants' apparel 2/.........|
Textile housefurnishings 2/.........................|
Footwear 2/.........................................|
Residential electric power (Dec. 1990=100)..........|
Residential gas (Dec. 1990=100).....................|
Gasoline............................................|
Fuel oil No. 2......................................|
Pharmaceutical preps, ethical (Prescription) 2/.....|
Pharmaceutical preps,proprietary (Over-counter) 2/..|
Soaps and synthetic detergents 2/...................|
Cosmetics and other toilet preparations 2/..........|
Tires, tubes, tread, etc 2/.........................|
Sanitary papers and health products 2/..............|
Newspaper circulation 2/............................|
Periodical circulation..............................|
Book publishing.....................................|
Household furniture 2/..............................|
Floor coverings 2/..................................|
Household appliances ...............................|
Home electronic equipment 2/........................|
Household glassware.................................|
Household flatware 2/...............................|
Lawn and garden equip., ex. tractors 2/.............|
Passenger cars......................................|
Toys, games, and children's vehicles................|
Sporting and athletic goods 2/......................|
Tobacco products 2/.................................|
Mobile homes 2/.....................................|

111.2
111.7
107.8
95.5
198.3
131.0
129.1
170.4
143.8
138.7
132.8

117.6
120.5
107.9
96.3
195.0
134.4
128.5
170.9
145.0
131.8
132.1

114.6
123.1
107.7
97.2
196.2
136.3
128.4
171.3
144.8
132.9
131.3

7.0
32.2
-6.0
2.5
4.0
-.1
.3
0
5.0
-1.8
-5.1

-2.6
2.2
-.2
.9
.6
1.4
-.1
.2
-.1
.8
-.6

2.3
-5.4
-4.7
-1.1
-4.3
2.2
-.2
.2
1.1
.9
0

1.4
.7
-.2
0
-3.1
-.1
-.2
.1
.3
-4.9
-2.5

-1.4
1.9
-2.4
-.6
.8
.7
-.1
.2
-.2
.8
-.6

136.8

139.2

139.0

6.3

-.1

0

1.2

-.1

138.0
124.6
133.3
119.7
122.1
144.8
107.2
118.4
94.9
90.8
342.5
187.3
127.2
136.3
92.8
145.6
208.2
197.8
214.5
152.1
129.0
108.0
72.0
165.7
140.0
132.2
133.2
121.3
126.5
398.9
160.2

137.6
123.1
133.1
120.1
122.5
145.0
112.1
129.5
106.7
89.7
344.3
188.3
127.3
137.4
93.4
147.2
208.5
199.8
217.2
152.7
129.8
107.0
72.2
165.6
140.1
131.4
131.6
121.5
126.7
393.2
161.7

138.2
123.3
133.3
120.1
122.6
144.9
114.8
137.5
95.9
88.8
345.9
188.5
127.3
137.3
94.9
146.9
208.4
201.1
218.2
152.8
130.3
107.3
71.6
165.9
139.3
131.6
130.6
121.5
127.0
393.4
161.3

.5
-.4
.4
2.0
-.3
.2
2.1
21.7
39.2
52.6
2.5
1.4
.6
.6
3.0
1.3
.7
2.1
3.2
1.6
2.8
-1.2
-3.2
1.0
0
-.1
2.5
-1.9
.8
8.2
1.3

.4
.2
.2

-.1
.2
.2
-1.2
-.1
.1
-.5
1.3
1.3
2.5
-.3
.4
0
.6
-.7
2.8
0
.5
2.4
.1
.2
-.3
.4
-.3
.1
0
.9
.2
.1
0
0

-.3
-.2
-.4
1.2
.3
-.1
-.7
5.7
11.8
8.4
.1
-.1
.1
.1
.4
-1.3
0
.9
-.5
.1
.7
-.7
.4
-.1
0
-.6
-.5
-.2
0
-1.4
.5

.3
.2
.1

0

.1
-.1
2.4
6.2
-10.1
-1.0
.5
.1
0
-.1
1.6
-.2
0
.7
.5
.1
.4
.3
-.8
.2
-.6
.2
-.8
0
.2
.1
-.2

0

.1
-.1
2.0
6.2
-9.1
-1.3
.5
.1
0
-.1
1.6
-.2
0
.8
.6
.1
.4
.3
-.8
.4
-.6
.2
-.5
.1
.2
.1
-.2

15-94-02
15-94-04

11-1
11-2
11-37
11-38
11-39
11-41
11-44
11-51
11-62
11-64
11-65
11-74
11-76
11-79-05
11-91
11-92
11-93
12-2
14-11-05
14-11-06
14-14
14-21-02
14-31
14-4

02-12-03
02-53
02-54
02-72
02-9

03-1
03-2
03-3

|
Jewelry, platinum, & karat gold 2/..................|
|
Costume jewelry and novelties 2/....................|
|
|
| CAPITAL EQUIPMENT.....................................|
|
|
|
Agricultural machinery and equipment 2/.............|
|
Construction machinery and equipment................|
|
Metal cutting machine tools 2/......................|
|
Metal forming machine tools 2/......................|
|
Tools, dies, jigs, fixtures, and ind. molds 2/......|
|
Pumps, compressors, and equipment...................|
|
Industrial material handling equipment 2/...........|
|
Electronic computers (Dec. 1998=100) 2/.............|
|
Textile machinery 2/................................|
|
Paper industries machinery (June 1982=100)..........|
|
Printing trades machinery 2/........................|
|
Transformers and power regulators 2/................|
|
Communication & related equip. (Dec. 1985=100)......|
|
X-ray and electromedical equipment 2/...............|
|
Oil field and gas field machinery ..................|
|
Mining machinery and equipment 2/...................|
|
Office and store machines and equipment 2/..........|
|
Commercial furniture 2/.............................|
|
Light motor trucks..................................|
|
Heavy motor trucks 2/...............................|
|
Truck trailers 2/...................................|
|
Civilian aircraft (Dec. 1985=100)...................|
|
Ships (Dec. 1985=100) 2/............................|
|
Railroad equipment 2/...............................|
|
|
|INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......|
|
|
| INTERMEDIATE FOODS AND FEEDS..........................|
|
|
|
Flour 2/............................................|
|
Refined sugar 2/....................................|
|
Confectionery materials.............................|
|
Crude vegetable oils 2/.............................|
|
Prepared animal feeds 2/............................|
|
|
| INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........|
|
|
|
Synthetic fibers 2/.................................|
|
Processed yarns and threads 2/......................|
|
Gray fabrics 2/.....................................|

127.1
140.9

127.7
141.0

127.7
140.9

.7
.6

0
-.1

.4
-.1

0
0

0
-.1

138.5

138.5

138.6

1.2

.1

.1

0

.1

153.2
148.3
161.8
160.6
141.3
153.6
133.9
76.5
155.8
164.9
141.3
135.5
110.8
101.5
127.8
145.6
112.3
158.0
157.5
147.8
138.1
156.6
146.4
135.6

152.4
148.5
161.8
162.6
141.1
154.4
134.4
72.9
157.0
165.1
141.9
136.9
110.9
102.7
128.0
146.1
112.3
158.6
157.0
148.6
138.7
157.7
146.4
135.7

152.5
148.6
161.7
162.2
141.2
153.8
134.9
72.6
156.6
165.1
141.9
136.4
110.6
102.9
128.0
146.2
113.6
158.6
155.3
148.3
139.9
160.0
146.5
135.9

.2
.8
.6
1.6
.8
1.1
1.4
-16.2
1.6
1.5
.5
1.6
-1.8
.1
1.1
.7
1.2
1.2
.2
1.0
2.9
5.8
.5
0

.1
.1
-.1
-.2
.1
-.4
.4
-.4
-.3
0
0
-.4
-.3
.2
0
.1
1.2
0
-1.1
-.2
.9
1.5
.1
.1

.2
-.1
-.1
1.3
-.1
.3
.1
-.8
0
.1
.4
.6
.2
-.4
.1
.1
.1
.3
.4
-.1
-.1
.1
0
0

-.1
.1
.1
.1
-.2
.4
.1
-1.6
.8
.1
-.1
0
.1
1.0
.2
.1
-.6
.1
.3
0
-.1
0
0
-.1

.1
.1
-.1
-.2
.1
-.3
.4
-.4
-.3
.1
0
-.4
-.2
.2
0
.1
1.2
0
-.1
-.2
.9
1.5
.1
.1

127.8

129.7

130.1

5.0

.3

-.1

.9

.2

111.0

113.5

112.7

3.3

-.7

.7

.4

-.7

102.6
113.2
94.3
80.2
102.9

104.0
111.3
93.9
78.3
105.1

102.4
112.0
93.7
72.6
103.3

-.7
-8.5
-.1
-7.3
7.0

-1.5
.6
-.2
-7.3
-1.7

-.4
.4
-.8
-1.3
2.2

2.1
.6
0
-5.8
.7

-1.5
.6
-.5
-7.3
-1.7

128.8

130.7

131.0

5.1

.2

-.1

.9

.3

105.0
107.7
112.9

108.0
107.8
109.5

107.0
108.1
113.5

3.7
0
.1

-.9
.3
3.7

1.5
1.0
-.1

.3
-.3
-1.3

-.9
.3
3.7

03-4
|
Finished fabrics....................................| 122.7
123.0
123.0
.4
0
-.1
.2
.2
03-83-03
|
Industrial textile products 2/......................| 130.9
130.3
131.4
1.5
.8
.1
-.2
.8
04-2
|
Leather.............................................| 179.6
179.5
179.7
2.3
.1
.4
.9
-.2
05-32
|
Liquefied petroleum gas 2/..........................| 128.8
129.7
132.8
92.5
2.4
-12.1
17.0
2.4
____________________________________________________________________________________________________________________________________
See footnotes at end of table.
Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing - Continued
(1982=100 unless otherwise indicated)
____________________________________________________________________________________________________________________________________
|
|
|Unadjusted
|
|
|
| percent
|Seasonally adjusted
|
|
Unadjusted index
|change to
|percent change from:
Commodity |
|
|July 2000 from:|
code
|
Grouping
|_______________________|_______________|________________________
|
|
|
|
|
|
|
|
|
|
|Mar.
|June
|July
| July | June |Apr. to| May to|June to
|
|2000 1/|2000 1/|2000 1/| 1999 | 2000 |
May | June | July
___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________
|
|
| INTERMEDIATE MATERIALS LESS FOODS AND FEEDS
|
|
-Continued..........................................|
05-42
|
Commercial electric power...........................| 125.7
136.2
138.3
1.5
1.5
-1.1
1.2
0.7
05-43
|
Industrial electric power...........................| 126.7
132.2
136.1
1.6
3.0
-2.3
.2
2.3
05-52
|
Commercial natural gas (Dec. 1990=100)..............| 115.3
126.4
136.2
29.7
7.8
1.9
8.6
6.8
05-53
|
Industrial natural gas (Dec. 1990=100)..............| 111.8
128.4
139.6
37.4
8.7
1.3
12.9
8.1
05-54
|
Natural gas to electric utilities (Dec. 1990=100)...| 99.4
125.3
126.9
60.8
1.3
.7
23.9
1.8
05-72-03
|
Jet fuels...........................................| 84.2
78.3
81.4
59.6
4.0
-6.8
4.9
3.6
05-73-03
|
No. 2 Diesel fuel...................................| 90.0
85.5
87.9
47.0
2.8
-2.2
4.9
3.4
05-74
|
Residual fuel 2/....................................| 78.1
86.4
91.6
75.1
6.0
1.2
9.2
6.0
06-1
|
Industrial chemicals 2/.............................| 128.0
129.9
133.2
12.8
2.5
.2
.9
2.5
06-21
|
Prepared paint......................................| 160.4
160.9
161.0
2.2
.1
.4
.1
.1
06-22
|
Paint materials 2/..................................| 147.9
151.5
151.6
5.2
.1
2.2
.4
.1
06-31
|
Medicinal and botanical chemicals 2/................| 146.5
147.1
145.4
.6
-1.2
-.4
.5
-1.2
06-4
|
Fats and oils, inedible 2/..........................| 74.3
72.6
66.4
-16.5
-8.5
1.4
1.7
-8.5
06-51
|
Mixed fertilizers...................................| 112.0
112.2
112.3
-1.6
.1
.2
.1
.4
06-52-01
|
Nitrogenates........................................| 108.0
113.4
121.9
35.4
7.5
5.0
1.4
10.7
06-52-02
|
Phosphates 2/.......................................| 97.6
98.0
98.1
-13.7
.1
.3
-.9
.1
06-53
|
Other agricultural chemicals 2/.....................| 146.0
146.5
146.5
1.9
0
3.5
-2.1
0
06-6
|
Plastic resins and materials 2/.....................| 139.4
148.6
148.2
15.9
-.3
4.2
.8
-.3
07-11-02
|
Synthetic rubber 2/.................................| 114.3
117.9
118.3
4.7
.3
2.3
.3
.3
07-21
|
Plastic construction products ......................| 135.1
137.0
136.8
6.0
-.1
0
.6
-.6
07-22
|
Unsupported plastic film, sheet, & other shapes 2/..| 130.9
131.7
132.2
3.9
.4
-.2
.2
.4
07-26
|
Plastic parts and components for manufacturing 2/...| 117.2
117.3
116.8
-.8
-.4
.1
0
-.4
08-11
|
Softwood lumber 2/..................................| 193.0
178.8
172.9
-20.5
-3.3
-5.0
-.8
-3.3

08-12
08-2
08-3
09-11
09-13
09-14
09-15-03
09-2
09-37
10-15
10-17
10-22
10-25-01
10-25-02
10-26
10-3
10-4
10-5
10-6
10-7
10-88
10-89
11-45
11-48
11-49-02
11-49-05
11-71
11-73
11-75
11-78
11-94
11-95
13-11
13-22
13-3
13-6
13-7
13-8
14-12
14-23
14-25
15-42
15-6

|
Hardwood lumber ....................................|
|
Millwork 2/.........................................|
|
Plywood 2/..........................................|
|
Woodpulp 2/.........................................|
|
Paper 2/............................................|
|
Paperboard 2/.......................................|
|
Paper boxes and containers 2/.......................|
|
Building paper and board 2/.........................|
|
Commercial printing (June 1982=100) 2/..............|
|
Foundry and forge shop products.....................|
|
Steel mill products 2/..............................|
|
Primary nonferrous metals 2/........................|
|
Aluminum mill shapes 2/.............................|
|
Copper and brass mill shapes 2/.....................|
|
Nonferrous wire and cable 2/........................|
|
Metal containers 2/.................................|
|
Hardware............................................|
|
Plumbing fixtures and brass fittings................|
|
Heating equipment...................................|
|
Fabricated structural metal products................|
|
Fabricated ferrous wire products (June 1982=100) 2/.|
|
Other misc. metal products 2/.......................|
|
Mechanical power transmission equipment.............|
|
Air conditioning and refrigeration equipment........|
|
Metal valves, ex.fluid power (Dec. 1982=100) 2/.....|
|
Ball and roller bearings............................|
|
Wiring devices......................................|
|
Motors, generators, motor generator sets............|
|
Switchgear, switchboard, etc., equipment............|
|
Electronic components and accessories 2/............|
|
Internal combustion engines.........................|
|
Machine shop products 2/............................|
|
Flat glass 2/.......................................|
|
Cement..............................................|
|
Concrete products...................................|
|
Asphalt felts and coatings 2/.......................|
|
Gypsum products 2/..................................|
|
Glass containers 2/.................................|
|
Motor vehicle parts 2/..............................|
|
Aircraft engines & engine parts (Dec. 1985=100).....|
|
Aircraft parts & aux.equip.,nec (June 1985=100) 2/..|
|
Photographic supplies 2/............................|
|
Medical/surgical/personal aid devices...............|
|
|
| CRUDE MATERIALS FOR FURTHER PROCESSING................|

185.1
176.7
166.0
139.2
147.7
173.6
167.1
147.0
153.9
136.6
108.5
114.4
149.0
160.0
143.7
106.1
150.8
180.1
154.4
145.4
129.5
125.9
163.3
135.4
161.9
167.9
152.4
146.3
152.8
96.8
143.5
137.3
107.5
149.5
146.3
101.0
221.6
127.3
113.9
140.3
144.5
124.7
145.7

186.5
176.7
155.5
145.6
150.9
180.3
175.6
141.0
155.9
137.4
109.9
111.3
147.8
160.1
141.9
107.1
151.6
181.1
155.7
144.9
129.7
125.9
163.8
135.9
162.0
167.8
153.1
145.7
152.5
97.6
143.4
138.1
109.9
150.0
147.9
106.4
210.4
127.3
113.3
140.1
143.6
124.3
145.7

186.5
176.7
154.4
147.4
151.1
180.5
175.4
137.9
155.9
136.6
109.5
114.3
148.2
160.8
140.8
107.2
151.2
181.6
155.7
144.5
129.4
126.1
163.9
135.7
162.0
168.9
153.6
146.2
151.9
98.1
144.0
138.1
111.6
150.5
147.9
106.6
204.9
127.3
113.3
140.7
144.9
124.6
146.0

5.8
0
-25.9
21.2
7.5
16.8
11.3
-7.8
2.6
1.1
4.6
10.9
8.0
4.0
4.5
1.1
1.4
2.7
1.0
1.0
-.7
.6
1.5
-.1
1.0
1.2
.5
.2
.6
.5
.4
1.0
4.4
-.5
2.9
8.1
-1.1
1.0
-.5
2.3
.6
-3.0
1.0

0
0
-.7
1.2
.1
.1
-.1
-2.2
0
-.6
-.4
2.7
.3
.4
-.8
.1
-.3
.3
0
-.3
-.2
.2
.1
-.1
0
.7
.3
.3
-.4
.5
.4
0
1.5
.3
0
.2
-2.6
0
0
.4
.9
.2
.2

.3
.1
-6.4
-.8
.7
-1.1
1.2
-2.7
.1
.4
.5
-1.2
-.1
.7
.6
-.1
-.2
-.4
.3
-.1
.1
-.2
.2
.1
.1
.2
-.2
-.1
.1
.2
0
.2
.3
-.1
.8
2.0
-1.5
0
-.1
.5
-.1
0
.1

.3
-.1
-.8
2.8
.4
1.8
.2
-2.6
1.1
.8
-.4
-.3
-.2
-.6
-1.5
1.0
.7
.6
.3
-.5
-.2
0
.2
.1
0
.1
-.3
-.1
-.3
-.1
.1
.7
.4
-.1
.4
1.2
-2.1
0
0
0
.1
0
.1

.3
0
-.7
1.2
.1
.1
-.1
-2.2
0
-.4
-.4
2.7
.3
.4
-.8
.1
-.2
.6
-.2
-.3
-.2
.2
.1
-.2
0
.6
.2
.5
-.3
.5
.1
0
1.5
.5
0
.2
-2.6
0
0
.6
.9
.2
.2

112.9

121.9

120.8

23.4

-.9

3.2

5.8

-1.1

|
|
| CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 101.4
101.8
99.4
3.3
-2.4
-1.8
-2.6
-2.7
|
|
01-21
|
Wheat 2/............................................| 80.2
81.2
79.7
7.3
-1.8
2.2
1.9
-1.8
01-22-02-05|
Corn 2/.............................................| 87.8
76.1
65.3
-3.0 -14.2
4.9
-13.2
-14.2
01-31
|
Slaughter cattle 2/.................................| 107.4
105.3
102.2
5.7
-2.9
-1.3
-2.1
-2.9
01-32
|
Slaughter hogs......................................| 70.7
83.3
82.1
60.0
-1.4
-15.5
2.8
4.8
01-41-02
|
Slaughter broilers/fryers...........................| 121.9
126.9
129.7
-9.1
2.2
-7.4
-3.0
-6.6
01-42
|
Slaughter turkeys...................................| 108.8
121.2
121.6
-4.2
.3
-.4
.2
-2.9
01-6
|
Fluid milk..........................................| 89.3
90.8
95.3
-7.8
5.0
-.2
4.6
3.0
01-83-01-31|
Soybeans 2/.........................................| 87.1
87.0
80.8
14.6
-7.1
4.9
-5.0
-7.1
02-52-01-01|
Cane sugar,raw 2/...................................| 99.9
105.1
97.0
-19.5
-7.7
.4
3.0
-7.7
|
|
| CRUDE NONFOOD MATERIALS..............................| 116.7
131.4
131.1
37.3
-.2
6.5
10.7
-.2
|
|
01-51-01-01|
Raw cotton..........................................| 99.2
91.9
87.7
9.6
-4.6
9.6
-6.4
-3.7
01-92-01-01|
Leaf tobacco 2/.....................................| 105.2
(3)
(3)
(3)
(3)
(3)
(3)
(3)
04-11
|
Cattle hides 2/.....................................| 152.2
162.1
172.1
26.3
6.2
4.2
-.5
6.2
05-1
|
Coal 2/.............................................| 87.9
88.4
88.9
-1.7
.6
3.1
-1.6
.6
05-31
|
Natural gas 2/......................................| 105.7
147.5
156.9
70.7
6.4
3.1
23.9
6.4
05-61
|
Crude petroleum 2/..................................| 86.9
93.0
86.3
60.7
-7.2
21.6
13.8
-7.2
08-5
|
Logs, timber, etc...................................| 207.5
198.4
194.2
-3.4
-2.1
-.9
-.7
-1.6
09-12
|
Wastepaper 2/.......................................| 309.5
354.9
311.3
50.1 -12.3
7.3
-1.4
-12.3
10-11
|
Iron ore 2/.........................................| 94.5
94.9
94.9
.1
0
-.1
0
0
10-12
|
Iron and steel scrap 2/.............................| 159.9
140.3
136.3
-.7
-2.9
-6.9
-4.6
-2.9
10-21
|
Nonferrous metal ores (Dec. 1983=100) 2/............| 67.2
67.6
66.5
8.3
-1.6
-3.3
3.8
-1.6
10-23-01
|
Copper base scrap 2/................................| 120.7
120.3
122.3
7.9
1.7
-4.0
1.6
1.7
10-23-02
|
Aluminum base scrap.................................| 192.6
169.8
174.2
4.1
2.6
-5.4
0
4.1
13-21
|
Construction sand, gravel, and crushed stone........| 161.3
164.0
164.0
4.1
0
1.8
-.1
0
____________________________________________________________________________________________________________________________________
1/

The indexes for March 2000 have been recalculated to incorporate
2/ Not seasonally adjusted.
late reports and corrections by respondents. All indexes are
3/ Not available.
subject to revision 4 months after original publication.
Table 3. Producer price indexes for selected commodity groupings
(1982=100 unless otherwise indicated)
_______________________________________________________________________________________________
|
|
|
|
|
Unadjusted index 1/
|
Commodity|
|___________________________________|
code
|
Grouping
|March 2000 | June 2000 | July 2000 |
_________|________________________________________________|___________|___________|___________|
|
|
|
|
|
| Finished Goods (1967=100)......................|
383.8
|
388.4
|
388.1
|
| All commodities................................|
130.8
|
133.3
|
133.2
|

01
02
03
04
05
06
07
08
09
10
11
12
13
14
15

01-1
01-2
01-3
01-4
01-5
01-7
01-8
01-83
01-9
02-1
02-2
02-22
02-5
02-6
02-63

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

|
|
MAJOR COMMODITY GROUPS
|
|
Farm products and processed foods and feeds....|
Farm products................................|
Processed foods and feeds....................|
|
Industrial commodities.........................|
Textile products and apparel.................|
Hides, skins, leather, and related products..|
Fuels and related products and power 2/......|
Chemicals and allied products 2/.............|
Rubber and plastic products..................|
Lumber and wood products.....................|
Pulp, paper, and allied products.............|
Metals and metal products....................|
Machinery and equipment......................|
Furniture and household durables.............|
Nonmetallic mineral products.................|
Transportation equipment.....................|
Miscellaneous products.......................|
|
Industrial commodities less fuels and related |
products and power...........................|
|
|
OTHER COMMODITY GROUPINGS
|
|
Fruits and melons, fresh and dry vegetables,
|
and tree nuts................................|
Grains.........................................|
Slaughter livestock............................|
Slaughter poultry..............................|
Plant and animal fibers........................|
Chicken eggs...................................|
Hay, hayseeds, and oilseeds....................|
Oilseeds.......................................|
Other farm products............................|
Cereal and bakery products.....................|
Meats, poultry, and fish.......................|
Processed poultry..............................|
Sugar and confectionery........................|
Beverages and beverage materials...............|
Packaged beverage materials....................|

121.7
100.6
132.1
132.6
121.2
148.4
96.1
149.9
123.9
184.2
181.7
128.7
123.9
132.5
142.1
143.4
170.1
142.1

111.9
85.9
98.3
117.8
97.6
79.6
106.8
98.3
156.9
157.7
119.3
110.9
132.9
142.0
136.2

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

122.6
99.8
133.9
135.3
121.0
149.7
105.3
152.2
124.5
178.5
185.4
127.9
124.1
132.7
143.0
142.9
170.3
142.6

103.4
78.6
100.4
124.2
90.8
94.5
108.0
97.0
'N.A.'
157.9
123.4
111.6
133.0
142.1
130.4

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

121.7
97.3
133.9
135.4
121.4
151.3
105.3
153.5
125.5
176.6
184.9
127.8
124.2
132.8
143.1
143.0
170.3
142.7

102.9
71.0
97.9
126.5
86.9
80.9
102.5
90.9
'N.A.'
158.4
123.1
111.5
132.8
142.3
131.3

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

02-7
03-81
04-4
05-3
05-4
05-7
06-3
06-5
06-7
07-1
07-11
07-13
07-2
08-1
09-1

| Fats and oils..................................|
112.8
|
112.5
|
109.7
|
| Apparel........................................|
127.6
|
127.0
|
127.1
|
| Other leather and related products.............|
146.0
|
145.7
|
146.0
|
| Gas fuels 2/...................................|
110.2
|
140.9
|
148.6
|
| Electric power.................................|
125.8
|
133.0
|
136.0
|
| Refined petroleum products.....................|
89.7
|
95.7
|
90.3
|
| Drugs and pharmaceuticals......................|
256.5
|
257.8
|
258.2
|
| Agricultural chemicals and products............|
122.4
|
123.9
|
125.9
|
| Other chemicals and allied products............|
136.5
|
137.3
|
137.5
|
| Rubber and rubber products.....................|
114.3
|
115.2
|
116.0
|
| Rubber, except natural rubber..................|
113.7
|
117.3
|
117.7
|
| Miscellaneous rubber products..................|
138.5
|
138.8
|
139.1
|
| Plastic products...............................|
131.5
|
132.0
|
133.2
|
| Lumber.........................................|
188.5
|
179.1
|
175.1
|
| Pulp, paper, and products, excluding building |
|
|
|
|
paper and board..............................|
159.2
|
164.8
|
163.8
|
09-15
| Converted paper and paperboard products........|
159.4
|
164.3
|
164.2
|
10-1
| Iron and steel.................................|
118.4
|
117.6
|
116.8
|
10-2
| Nonferrous metals..............................|
128.9
|
126.4
|
127.0
|
10-25
| Nonferrous mill shapes.........................|
143.0
|
142.5
|
142.7
|
11-3
| Metalworking machinery and equipment...........|
149.2
|
149.4
|
149.7
|
11-4
| General purpose machinery and equipment........|
150.4
|
150.8
|
150.8
|
11-6
| Special industry machinery.....................|
162.8
|
163.4
|
163.2
|
11-7
| Electrical machinery and equipment.............|
118.6
|
119.0
|
119.1
|
11-9
| Miscellaneous machinery and equipment..........|
133.7
|
133.9
|
134.3
|
12-6
| Other household durable goods..................|
154.9
|
155.1
|
155.8
|
13-2
| Concrete ingredients...........................|
154.3
|
156.0
|
156.2
|
14-1
| Motor vehicles and equipment...................|
132.5
|
131.7
|
131.0
|
15-1
| Toys, sporting goods, small arms, etc..........|
132.6
|
132.8
|
132.9
|
15-4
| Photographic equipment and supplies............|
108.5
|
108.3
|
108.5
|
15-9
| Other miscellaneous products...................|
136.0
|
137.7
|
136.9
|
__________________________________________________________|___________|___________|___________|
1/

Data for March 2000 have been revised to reflect the availability of late reports and
corrections by respondents. All data are subject to revision 4 months after original
publication.

2/

Prices of some items in this grouping are lagged 1 month.

Table 4. Producer price indexes for the net output of major industry groups, not seasonally adjusted
__________________________________________________________________________________________________________________
|
|
|
Index
| Percent change
Industry
|
Industry 1/
|Index|_______________________|to_July_2000_from:
code
|
|base |
|
|
|
|
|
|
|Mar.
|June
|July
| July | June
|
|
|2000 2/|2000 2/|2000 2/| 1999 | 2000
__________________|______________________________________________|_____|_______|_______|_______|________|_________
|
|
|
|Total mining industries...................... |12/84| 98.9
113.8
114.8
45.9
0.9
10
| Metal mining................................ |12/84| 73.3
73.7
72.8
5.8
-1.2
12
| Coal mining................................. |12/85| 84.8
85.0
85.4
-1.7
.5
13
| Oil and gas extraction...................... |12/85| 107.0
127.1
128.3
61.2
.9
14
| Mining and quarrying of non-metallic
|
|
| minerals, except fuels..................... |12/84| 135.7
136.8
138.4
3.1
1.2
|
|
|
|Total manufacturing industries............... |12/84| 132.9
134.0
133.6
4.1
-.3
20
| Food and kindred products................... |12/84| 127.4
129.1
129.3
2.7
.2
21
| Tobacco manufactures........................ |12/84| 347.3
342.2
342.3
8.3
0
22
| Textile mill products....................... |12/84| 116.5
116.2
116.8
.8
.5
23
| Apparel and other finished products made
|
|
| from fabrics and similar materials......... |12/84| 125.6
125.5
125.8
.6
.2
24
| Lumber and wood products, except furniture.. |12/84| 162.1
158.4
157.2
-6.7
-.8
25
| Furniture and fixtures...................... |12/84| 143.0
143.5
143.7
1.7
.1
26
| Paper and allied products................... |12/84| 143.2
147.2
147.3
8.1
.1
27
| Printing, publishing, and allied industries. |12/84| 181.1
182.9
183.0
3.2
.1
28
| Chemicals and allied products............... |12/84| 155.2
157.1
158.0
5.4
.6
29
| Petroleum refining and related products..... |12/84| 111.0
118.0
112.6
41.5
-4.6
30
| Rubber and miscellaneous plastic products... |12/84| 123.5
123.9
124.8
2.2
.7
31
| Leather and leather products................ |12/84| 137.4
137.4
137.5
.6
.1
32
| Stone, clay, glass, and concrete products... |12/84| 134.7
134.9
134.9
1.7
0
33
| Primary metal industries.................... |12/84| 120.0
120.1
119.9
3.9
-.2
34
| Fabricated metal products, except machinery |
|
| and transportation equipment............... |12/84| 130.3
130.3
130.3
.9
0
35
| Machinery, except electrical................ |12/84| 117.4
117.5
117.6
.3
.1
36
| Electrical and electronic machinery,
|
|
| equipment, and supplies.................... |12/84| 108.6
108.6
108.6
-.8
0
37
| Transportation equipment.................... |12/84| 136.4
136.0
136.0
2.3
0
38
| Measuring and controlling instruments;
|
|
| photographic, medical, optical goods;
|
|
| watches, clocks............................ |12/84| 126.0
126.5
126.5
1.1
0
39
| Miscellaneous manufacturing industries...... |12/85| 130.8
131.3
131.0
.4
-.2
|
|
|
|Services industries
|
|
40
| Railroad transportation..................... |12/96| 102.2
103.1
103.3
1.9
.2

42
| Motor freight transportation and warehousing |06/93| 118.1
119.4
118.8
3.5
-.5
43
| United states postal service................ |06/89| 135.2
135.2
135.2
0
0
44
| Water transportation........................ |12/92| 117.8
123.2
124.8
6.3
1.3
45
| Transportation by air....................... |12/92| 144.3
147.5
147.6
12.3
.1
46
| Pipe lines, except natural gas.............. |12/86| 101.9
102.0
102.5
4.4
.5
54
| Food stores................................. |12/99| 105.7
103.3
107.6
(3)
4.2
80
| Health services............................. |12/94| 111.9
112.0
112.5
2.3
.4
81
| Legal services.............................. |12/96| 111.5
111.7
111.9
2.8
.2
__________________________________________________________________________________________________________________
1/ Indexes in this table are derived from the net-output-weighted industry price indexes. Because of differences
in coverage and aggregation methodology, they will generally not match the movements of similarly-titled
indexes which are derived from traditional commodity groupings.
2/ The indexes for March 2000 have been recalculated to incorporate late reports and corrections by respondents.
All indexes are subject to revision 4 months after original publication.
3/ Not available.
Table 5. Producer price indexes by stage of processing, seasonally adjusted
(1982=100)
_____________________________________________________________________________________________________________
|
|
Index 1/
|_____________________________________________________
Grouping
|
|
|
|
|
|
| Feb. | Mar. | Apr. | May
| June | July
| 2000 | 2000 | 2000 | 2000 | 2000 | 2000
_______________________________________________________|________|________|________|________|________|________
|
Finished goods...................................| 136.5
137.5
137.3
137.3
138.1
138.1
Finished consumer goods........................| 136.4
137.7
137.3
137.3
138.4
138.3
Finished consumer foods......................| 136.4
136.6
137.9
137.6
137.2
137.2
Crude......................................| 123.9
120.1
128.6
125.7
117.9
116.3
Processed..................................| 137.4
137.9
138.6
138.6
138.8
138.9
Finished consumer goods, excluding foods.....| 136.2
137.9
136.9
136.9
138.6
138.5
Nondurable goods less foods................| 135.7
138.2
136.6
136.4
138.9
138.7
Durable goods..............................| 133.3
133.4
133.7
134.2
134.1
134.1
Capital equipment..............................| 138.2
138.3
138.6
138.8
138.8
139.0
Manufacturing industries.....................| 139.1
139.1
139.2
139.4
139.5
139.5
Nonmanufacturing industries..................| 137.8
137.9
138.3
138.5
138.4
138.7
|
Intermediate materials, supplies, and components.| 127.3
128.5
128.4
128.3
129.4
129.7
Materials and components for manufacturing.....| 127.0
127.6
128.0
128.3
128.5
129.0
Materials for food manufacturing.............| 118.0
118.7
120.2
120.1
120.4
120.2
Materials for nondurable manufacturing.......| 129.7
131.3
132.1
133.0
133.8
135.0
Materials for durable manufacturing..........| 129.6
129.7
129.8
129.5
129.2
129.3
Components for manufacturing.................| 125.9
125.9
125.9
126.0
126.1
126.2
Materials and components for construction......| 150.9
151.4
151.5
151.0
150.8
150.4

Processed fuels and lubricants.................|
97.2
100.7
98.4
96.9
101.5
102.0
Manufacturing industries ....................|
96.3
98.4
97.8
96.3
99.8
101.5
Nonmanufacturing industries..................|
97.3
101.6
98.4
96.9
102.1
101.9
Containers.....................................| 147.2
148.1
151.8
152.8
153.3
153.3
Supplies.......................................| 135.5
136.0
136.2
136.6
137.1
137.3
Manufacturing industries.....................| 141.9
142.3
142.6
142.8
143.5
143.9
Nonmanufacturing industries..................| 132.8
133.3
133.4
133.9
134.3
134.5
Feeds......................................|
92.9
94.7
93.9
96.4
97.1
95.1
Other supplies.............................| 137.6
137.9
138.2
138.4
138.9
139.3
|
Crude materials for further processing...........| 111.1
113.5
111.1
114.6
121.2
119.9
Foodstuffs and feedstuffs......................|
99.5
103.1
104.7
102.8
100.1
97.4
Nonfood materials..............................| 115.0
116.6
111.4
118.6
131.3
131.0
Nonfood materials except fuel 2/.............| 119.4
121.4
107.8
117.1
123.6
118.1
Manufacturing 2/...........................| 109.8
111.7
98.8
107.7
113.9
108.8
Construction...............................| 204.8
202.9
201.4
199.0
195.7
191.5
Crude fuel 3/................................|
99.9
100.8
107.5
111.2
131.3
138.3
Manufacturing industries...................|
99.7
100.1
107.1
109.8
130.8
137.8
Nonmanufacturing industries................| 101.6
102.7
109.5
113.3
133.7
140.8
|
Special groupings
|
|
Finished goods, excluding foods..................| 136.4
137.6
137.0
137.1
138.3
138.2
Intermediate materials less foods and feeds......| 128.3
129.4
129.3
129.2
130.3
130.7
Intermediate foods and feeds.....................| 110.3
111.4
112.1
112.9
113.3
112.5
Crude materials less agricultural products 2/....| 115.7
117.3
112.4
119.7
133.0
132.9
|
Finished energy goods............................|
89.9
93.9
91.1
90.6
95.2
94.5
Finished goods less energy.......................| 144.1
144.3
144.8
145.0
144.7
144.9
Finished consumer goods less energy..............| 146.6
146.8
147.4
147.5
147.2
147.4
|
Finished goods less foods and energy.............| 147.2
147.3
147.6
147.9
147.7
147.9
Finished consumer goods less foods and energy....| 153.3
153.4
153.6
153.9
153.7
153.9
Consumer nondurable goods less foods and energy..| 168.9
169.1
169.2
169.3
169.0
169.4
|
Intermediate energy goods........................|
96.8
100.3
98.1
96.7
101.2
101.7
Intermediate materials less energy...............| 133.9
134.5
134.9
135.2
135.4
135.7
Intermediate materials less foods and energy.....| 135.5
136.0
136.4
136.6
136.9
137.2
|
Crude energy materials 2/........................| 100.2
102.5
96.3
105.8
122.9
123.4
Crude materials less energy......................| 112.8
115.2
116.0
114.5
112.0
109.3
Crude nonfood materials less energy 3/...........| 151.3
150.5
148.8
148.4
146.4
143.8
_____________________________________________________________________________________________________________
1/

All seasonally adjusted indexes are subject to change up to 5 years after original publication due to

2/
3/

the recalculation of seasonal factors each January. The indexes for March 2000 have been recalculated
to incorporate late reports and corrections by respondents.
Includes crude petroleum.
Excludes crude petroleum.

Technical Notes
Brief Explanation of
Producer Price Indexes
The term Producer Price Index (PPI) refers to a family of
indexes that measure the average change over time in the selling
prices received by domestic producers of goods and services.
PPIs measure price change from the perspective of the seller.
This contrasts with other measures, such as the Consumer Price
Index (CPI); CPIs measure price change from the purchaser's
perspective. Sellers' and purchasers' prices may differ due to
government subsidies, sales and excise taxes, and distribution
costs.
Over 10,000 PPIs for individual products and groups of
products are released each month. PPIs are available for the
products of virtually every industry in the mining and
manufacturing sectors of the U.S. economy. New PPIs are
gradually being introduced for the products of industries in
the transportation, utilities, trade, finance, and services
sectors of the economy.
Over 100,000 price quotations per month are organized into
three sets of producer price indexes: (1) Stage of processing
indexes; (2) commodity indexes; and (3) indexes for the net
output of industries and their products. The stage-of-processing
structure (tables 1, 2, and 5) organizes products by class of
buyer and degree of fabrication. The commodity structure
(tables 2 and 3) organizes products by similarity of end-use or
material composition. The entire output of various industries is
sampled to derive price indexes for the net output of industries
and their products (table 4).
Within the stage-of-processing system, finished goods are
commodities that will not undergo further processing and are
ready for sale to the final demand user, either an individual
consumer or business firm. Consumer foods include unprocessed
foods such as eggs and fresh vegetables, as well as processed
foods such as bakery products and meats. Other finished consumer
goods include durable goods such as automobiles, household
furniture, and appliances; and nondurable goods such as apparel
and home heating oil. Capital equipment includes producer

durable goods such as heavy motor trucks, tractors, and machine
tools.
The stage-of-processing category for intermediate materials,
supplies, and components consists partly of commodities that
have been processed but require further processing. Examples of
such semifinished goods include flour, cotton yarn, steel mill
products, and lumber. The intermediate goods category also
encompasses nondurable physically complete items purchased by
business firms as inputs for their operations. Examples include
diesel fuel, belts and belting, paper boxes, and fertilizers.
Crude materials for further processing are products
entering the market for the first time that have not been
manufactured or fabricated and that are not sold directly to
consumers. Crude foodstuffs and feedstuffs include items such as
grains and livestock. Examples of crude nonfood materials
include raw cotton, crude petroleum, coal, hides and skins, and
iron and steel scrap.
Producer price indexes for the net output of industries and
their products are grouped according to the Standard Industrial
Classification (SIC). Industry price indexes are compatible with
other economic time series organized by SIC codes, such as data
on employment, wages, and productivity. Table 4 lists indexes
for the net output of major mining and manufacturing industry
groups at the 2-digit level.
Producer price indexes are based on selling prices reported
by establishments of all sizes selected by probability sampling,
with the probability of selection proportionate to size.
Individual items and transaction terms from these firms are also
chosen by probability proportionate to size. BLS strongly
encourages cooperating companies to supply actual transaction
prices at the time of shipment to minimize the use of list
prices. Prices are normally reported by mail questionnaire for
the Tuesday of the week containing the 13th.
Price data are provided on a voluntary and confidential
basis; no one but sworn BLS employees are allowed access to
individual company price reports. The Bureau publishes price
indexes instead of unit dollar prices. All producer price
indexes are routinely subject to revision once, 4 months
after original publication, to reflect the availability of
late reports and corrections by respondents.
The BLS periodically updates the PPI sample of survey
respondents to better reflect current conditions when the
structure, membership, technology, or product mix of an
industry shifts significantly and to spread reporting
burden among smaller firms. Results of these resampling

efforts are incorporated into the PPI every January and July.
As part of an ongoing effort to expand coverage to
sectors of the economy other than mining and manufacturing,
an increasing number of service sector industries have been
introduced into the PPI. The following list of recently
introduced service industries includes the month in which
an article describing the industry's content appeared in
the PPI Detailed Report:
Industry
Wireless Telecommunications
Telephone Communications, Except
Radio Telephone
Grocery Stores
Meat and Fish (Seafood) Markets,
Fruit and Vegetable Markets
Candy, Nut, and Confectionery Stores
Retail Bakeries
Miscellaneous Food Stores
New Car Dealers
Life Insurance Carriers
Property and Casualty Insurance
Operators and Lessors of
Nonresidential Buildings
Real Estate Agents and Managers
Prepackaged Software
Home Health Care Services
Legal Services
Engineering, Design, Analysis,
and Consulting Services
Architectural, Design, Analysis,
and Consulting Services
Premiums for Property and Casualty
Insurance

SIC

PPI Detailed
Report Issue

4812

July 1999

4813
5411
5421
5431
5441
5461
5499
5511
6311
6331

July 1995
July 2000
July 2000
July 2000
July 2000
July 2000
July 2000
July 2000
January 1999
July 1998

6512
6531
7372
8082
8111

January
January
January
January
January

8711

January 1997

8712

January 1997

9331

July 1998

1996
1996
1998
1997
1997

Weights for most traditional commodity groupings of the
PPI, as well as all indexes (such as stage-of-processing
indexes) calculated from traditional commodity groupings,
currently reflect 1992 values of shipments as reported in
the Census of Manufactures and other sources. From January
1992 through December 1995, PPI weights were derived from
1987 shipment values. Industry indexes shown in table 4 are

also now calculated with 1992 net output weights. This
periodic update of the value weights used to calculate the
PPI is done to more accurately reflect changes in production
and marketing patterns in the economy.
Net output values of shipments are used as weights for
industry indexes. Net output values refer to the value of
shipments from establishments in one industry to establishments
classified in another industry. However, weights for commodity
price indexes are based on gross shipment values, including
shipment values between establishments within the same industry.
As a result, broad commodity grouping indexes such as the all
commodities index are affected by the multiple counting of price
change at successive stages of processing, which can lead to
exaggerated or misleading signals about inflation. Stage-ofprocessing indexes partially correct this defect, but industry
indexes consistently correct for this at all levels of
aggregation. Therefore, industry and stage-of-processing
indexes are more appropriate than broad commodity groupings for
economic analysis of general price trends.
Effective with publication of January 1988 data, many
important PPI series (including stage-of-processing groupings
and most commodity groups and individual items) were placed on
a new reference base, 1982=100. From 1971 through 1987, the
standard reference base for most PPI series was 1967=100.
Except for rounding differences, the shift to the new reference
base did not alter any changes to previously published percent
changes for affected PPI series. (See "Calculating Index
Changes," below.) The new reference base is not used for indexes
with a base later than December 1981, nor for indexes for the
net output of industries and their products.
For further information on the underlying concepts and
methodology of the Producer Price Index, see chapter 14, "Producer
Prices," in BLS Handbook of Methods (April 1997), Bulletin 2490.
Reprints are available from the Bureau of Labor Statistics on
request.
Calculating Index Changes
Each index measures price changes from a reference period
which equals 100.0 (1982 or some later month). An increase of 5.5
percent from the reference period in the Finished Goods Price Index,
for example, is shown as 105.5. This change can also be expressed
in dollars as follows: "Prices received by domestic producers of a
systematic sample of finished goods have risen from $100 in 1982 to
$105.50 today." Likewise, a current index of 90.0 would indicate

that prices received by producers of finished goods today are 10
percent lower than they were in 1982.
Movements of price indexes from one month to another are
usually expressed as percent changes rather than as changes in
index points because index point changes are affected by the level
of the index in relation to its base period, while percent changes
are not. The example below shows the computation of index point and percent
changes.
Index point change
Finished Goods Price Index
Less previous index
Equals index point change

107.5
104.0
3.5

Index percent change
Index point change
Divided by the previous index
Equals
Result multiplied by 100
Equals percent change

3.5
104.0
0.034
0.034 x 100
3.4

Because price data are used for different purposes by different
groups, the Bureau of Labor Statistics publishes seasonally adjusted
as well as unadjusted changes each month.
Seasonally Adjusted
and Unadjusted Data
Seasonally adjusted data are preferred for analyzing general
price trends in the economy because they eliminate the effect of
changes that normally occur at about the same time and in about
the same magnitude every year--such as price movements resulting
from normal weather patterns, regular production and marketing
cycles, model changeovers, seasonal discounts, and holidays.
For these reasons, seasonally adjusted data more clearly reveal
underlying cyclical trends.
Unadjusted data are of primary interest to users who need
information which can be related to actual dollar values of
transactions. Individuals requiring this information include
marketing specialists, purchasing agents, budget and cost
analysts, contract specialists, and commodity traders. It is
the unadjusted data that are generally cited in escalating
long-term contracts such as purchasing agreements or real estate

leases. (See Escalation and Producer Price Indexes: A Guide for
Contracting Parties, BLS Report 807, September 1991, available
on request from BLS.)
For more information, see "Appendix A: Seasonal Adjustment
Methodology at BLS," in the BLS Handbook of Methods (April 1997),
Bulletin 2490 and (2) "Summary of Changes to the PPI's Seasonal
Adjustment Methodology" in the January 1995 issue of Producer
Price Indexes.