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FOR DATA ONLY: (202) 691-5200 FOR TECHNICAL INFORMATION: (202) 691-7705 MEDIA CONTACT: (202) 691-5902 http://stats.bls.gov/ppihome.htm USDL 00-202 TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (E.D.T.), FRIDAY, JULY 14, 2000 Producer Price Indexes -- June 2000 The Producer Price Index for Finished Goods advanced 0.6 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This index showed no change in May and declined 0.3 percent in April. The index for finished goods other than foods and energy fell 0.1 percent in June, after registering a 0.2-percent gain in the prior month. Prices received by producers of intermediate goods increased 0.9 percent, following a 0.1-percent decrease a month earlier. The crude goods index rose 5.8 percent, after posting a 3.2percent advance in the previous month. (See table A.) Table A. Monthly and annual percent changes in selected stage-of-processing price indexes, seasonally adjusted Finish ed goods Except Month Total Foods foods and Energy energy Change in finished goods from 12 months ago (unadj.) Intermediate Crude goods goods 1999 June July Aug. Sept. Oct. Nov. Dec. 0.1 .2 .6 .8 0 .1 .1 0.6 -.4 .5 .7 -.3 -.2 0 -0.1 2.7 3.3 2.1 -.4 1.1 .7 0.0 -.1 .1 .6 .2 -.1 .1 1.5 1.5 2.3 3.1 2.8 3.1 2.9 0.3 .7 .5 .5 .2 .2 .3 0.2 .2 5.1 4.6 -2.4 5.2 -4.9 2000 Jan. Feb. Mar. .1 r1.1 r.9 .2 r.5 .1 .9 r5.3 r5.7 -.2 .3 .1 2.5 4.0 4.5 .5 .9 .9 2.6 r3.9 r2.5 Apr. -.3 1.0 -4.1 .1 3.9 -.1 -2.5 May 0 -.2 -.5 .2 3.9 -.1 3.2 June .6 -.3 5.1 -.1 4.3 .9 5.8 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for February 2000 have been revised to reflect the availability of late reports and corrections by respondents. Prices for finished energy goods jumped 5.1 percent, following a 0.5percent decline in May, and caused June's acceleration in the finished goods index. By contrast, the index for finished consumer goods other than foods and energy edged down 0.1 percent, after increasing 0.2 percent a month ago. Capital equipment prices showed no change in June, following a 0.1-percent gain in the prior month. June's 0.3-percent decline in the index for finished consumer foods was slightly larger than the 0.2-percent rate of decrease posted in May. During the first six months of 2000, the finished goods price index advanced at a 4.8-percent seasonally adjusted annual rate (SAAR), after rising at a 3.8-percent rate during the latter half of 1999. Leading this acceleration, prices for finished energy goods rose at a 26.6-percent annual rate in the first half of this year, following a 20.7-percent annual rate of increase during the final six months of last year. The index for finished consumer foods advanced at a 2.7-percent SAAR from December 1999 to June 2000, after rising at a 0.6-percent rate in the previous six-month period. Conversely, prices for finished goods other than foods and energy rose at a 1.0-percent annual rate during the first half of 2000, following a 1.7-percent rate of increase for the last six months of 1999. The intermediate goods price index advanced at a 6.1-percent SAAR for the first half of this year, after rising at a 4.8-percent rate during the final six months of last year. The crude goods price index rose at an annual rate of 35.3 percent from December 1999 to June 2000, following a 15.6-percent rate of increase in the second half of 1999. (See summary below.) Summary of December-to-December, 6-month, and 3-month seasonally adjusted annual rates for selected stages of process Grouping Percentage change 12 months ended in December Seasonally adjusted annual rate for: 6 3 3 months months months ended ended ended in in in 3 months ended in Finished goods Finished consumer foods Finished energy goods Finished goods less foods and energy Finished consumer goods, excluding foods and energy Capital equipment 1998 0.0 .1 -11.7 2.5 1999 2.9 .8 18.1 .9 June 2000 4.8 2.7 26.6 1.0 Dec. 1999 0.9 -2.0 5.9 .8 March 2000 8.6 3.3 59.0 1.1 June 2000 1.2 2.1 .8 .8 .3 4.2 1.2 .8 1.1 .8 .8 -.6 0 .3 1.2 1.2 .9 1.5 3.7 6.1 2.9 9.6 2.8 -4.2 6.9 -6.6 6.0 7.8 19.6 1.9 23.1 3.4 10.3 2.1 50.4 3.9 .8 3.0 4.0 8.9 5.5 10.0 7.8 2.4 3.2 3.2 7.1 -.6 2.2 1.1 1.3 3.8 -1.6 -11.3 -16.7 15.3 35.3 -9.4 42.8 28.2 -4.0 -11.0 -23.1 -23.8 0 -16.0 -.1 36.9 14.0 3.9 -3.6 95.5 -27.9 -.8 26.2 21.0 91.5 10.2 -10.8 99.6 -10.7 1997 -1.2 -.8 -6.4 0 Intermediate materials, -.8 -3.3 supplies, and components Intermediate foods and -1.7 -7.3 feeds Intermediate energy goods -7.0 -12.1 Intermediate materials .3 -1.6 less foods and energy Materials for nondurable .3 -5.3 manufacturing Materials for durable 0 -5.5 manufacturing Materials and components 1.2 .1 for construction Crude materials for further processing Foodstuffs and feedstuffs Crude energy materials Crude nonfood materials less energy NOTE: Late reports and corrections by respondents may cause some indexes to change 4 months after original publication. In addition, seasonally adjusted indexes may be revised for 5 years due to the recalculation of seasonal factors each January. Before seasonal adjustment, the Producer Price Index for Finished Goods advanced 0.7 percent in June to stand at 138.4 (1982=100). From June 1999 to June 2000, prices for finished goods gained 4.3 percent. During the same period, the index for finished energy goods increased 23.4 percent, finished goods other than foods and energy rose 1.4 percent, and finished consumer foods advanced 1.6 percent. Prices received by producers of intermediate goods gained 5.4 percent for the 12 months ended in June, and the index for crude goods increased 25.2 percent during the same period. Finished goods Finished energy goods prices rose 5.1 percent in June, after posting a 0.5-percent decrease in May. The gasoline index advanced 11.8 percent, following a 1.3-percent increase a month earlier. The indexes for residential natural gas and home heating oil also rose more than a month ago. Prices for liquefied petroleum gas turned up, after falling in the prior month. By contrast, prices for residential electric power declined 0.7 percent in June, following a 0.5-percent decrease in the previous month. The finished lubricants index fell, after rising a month earlier. Table B. Monthly and annual percent changes in selected price indexes for intermediate goods and crude goods, seasonally adjusted Intermediate goods Month Foods 1999 June 0.5 July -1.0 Aug. 1.3 Sept. 1.0 Oct. .8 Nov. -.6 Dec. -1.9 Crude goods Change in intermediate Change in Excludgoods crude goods ing from Excluding from foods 12 months foods 12 months and ago Energy and ago Energy energy (unadj.) Foods (unadj.) energy (unadj.) 0.4 2.8 2.5 1.9 -.8 1.8 1.4 0.3 .5 .2 .1 .2 .1 .1 -0.4 .3 1.1 2.0 2.2 2.8 3.7 0.0 -3.9 3.6 1.3 .1 1.0 -2.0 0.0 4.3 8.6 9.3 -7.0 11.5 -11.1 0.5 1.4 1.9 1.8 2.4 1.0 2.5 -0.2 -.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. r.5 r4.3 r.3 r5.4 .6 r8.9 r.6 r25.1 Mar. r.8 r4.3 r.3 6.0 3.5 r3.2 r-.5 27.3 Apr. .8 -2.9 .4 5.3 1.7 -6.9 -1.2 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 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for February 2000 have been revised to reflect the availability of late reports and corrections by respondents. Prices for finished consumer goods other than foods and energy edged down 0.1 percent in June, following a 0.2-percent advance in May. Passenger car prices declined 0.5 percent, following a 0.9-percent gain in the prior month. The indexes for sanitary papers and health products, book publishing, men's and boys' apparel, and women's apparel also turned down, after advancing a month ago. Cigarette prices fell 1.8 percent, after showing no change in the previous month. The index for cosmetics and toilet preparations rose less, while prices for alcoholic beverages decreased more than in May. On the other hand, the index for prescription drugs edged up 0.1 percent in June, following a 0.3-percent drop a month earlier. Prices for girls', children's, and infants' apparel and for tires increased, after declining in the prior month. During the first six months of 2000, the index for finished consumer goods other than foods and energy rose at a 0.8-percent SAAR, after increasing at a 2.4-percent rate during the latter half of 1999. The capital equipment index showed no change in June, following a 0.1percent gain in May. Falling prices for passenger cars; electronic computers; office and store machines and equipment; tools, dies, jigs, fixtures, and industrial molds; and agricultural machinery and equipment offset advancing prices for light motor trucks, x-ray and electromedical equipment, communication and related equipment, and pumps and compressors. From December 1999 to June 2000, the capital equipment index rose at a seasonally adjusted annual rate of 1.2 percent, after posting a 0.7-percent rate of increase for the second half of 1999. The index for finished consumer foods declined 0.3 percent in June, after registering a 0.2-percent decrease a month earlier. This month's decline was led by a 14.7-percent drop in prices for fresh and dry vegetables and an 11.8-percent fall in prices for fresh fruits and melons. The indexes for finfish and shellfish, roasted coffee, and shortening and cooking oils also decreased in June. By contrast, prices for eggs for fresh use, beef and veal, pork, and soft drinks rose in June. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components turned up 0.9 percent in June, after edging down 0.1 percent in May. Most of this acceleration can be attributed to prices for intermediate energy goods, which turned up following two consecutive monthly declines. The index for materials and components for construction fell less than a month ago. By contrast, the indexes for nondurable manufacturing materials and intermediate foods and feeds rose less than in the prior month. Prices for durable manufacturing materials decreased at the same rate as in May. Excluding foods and energy, the index for intermediate materials advanced 0.2 percent, following a 0.1-percent gain a month earlier, the sixteenth consecutive increase for this index. (See table B.) Prices for intermediate energy goods advanced 4.7 percent in June, after registering a 1.4-percent decline in May. The gasoline index jumped 11.8 percent, following a 1.3-percent gain a month ago. Prices for liquefied petroleum gas, jet fuels, commercial electric power, industrial electric power, and diesel fuel turned up, after falling in the previous month. The index for intermediate energy goods advanced at a 23.1-percent seasonally adjusted annual rate during the first half of 2000, after rising at a 21.0-percent rate during the second half of 1999. The index for materials and components for construction decreased 0.1 percent in June, following a 0.3-percent decline in May. Softwood lumber prices fell 0.8 percent, after dropping 5.0 percent in the prior month. The plywood index also fell less than a month earlier. Prices for steel wire and for plumbing fixtures and brass fittings turned up, after declining a month ago. The index for plastic construction products rose, after showing no change in May. By contrast, the index for fabricated structural metal products decreased 0.5 percent in June, following a 0.1percent decline in May. Prices for nonferrous wire and cable and for millwork turned down, after rising in the previous month. The index for materials and components for construction increased at a 1.1-percent seasonally adjusted annual rate during the first six months of 2000, after rising at a 0.8-percent rate during the last six months of 1999. Prices for materials for nondurable manufacturing increased 0.6 percent in June, after posting a 0.7-percent rise in May. Price increases for basic organic chemicals, paperboard, plastic resins and materials, woodpulp, and paper more than offset declining prices for basic inorganic chemicals, gray fabrics, phosphates, and processed yarns and threads. From December 1999 through June 2000, the nondurable manufacturing materials index increased at an 8.9-percent seasonally adjusted annual rate, following a 7.4-percent rate of increase during the latter half of 1999. The intermediate foods and feeds index increased 0.4 percent in June, after registering a 0.7-percent gain in May. The index for prepared animal feeds rose 0.7 percent, following 2.2-percent increase a month earlier. Prices for fluid milk products, beef and veal, and for natural, processed, and imitation cheese also rose less than in the prior month. Crude vegetable oil prices fell more than a month ago. By contrast, the pork index advanced 0.7 percent in June, following a 5.4-percent drop in May. Prices for flour also turned up, after falling in the previous month. The index for confectionery materials showed no change in June, following a decrease last month. Prices for intermediate foods and feeds advanced at a 6.9-percent seasonally adjusted annual rate during the first six months of 2000, after posting a 0.9-percent rate of decline during the last six months of 1999. The materials for durable manufacturing index dropped 0.2 percent in June, the same rate as in May. Price declines for steel mill products, building paper and board, aluminum mill shapes, copper and brass mill shapes, and plywood outweighed rising prices for gold, flat glass, hardwood lumber, prepared paint, and platinum. From December 1999 through June 2000, the index for materials for durable manufacturing rose at a 3.2percent seasonally adjusted annual rate, following a 3.9-percent rate of increase during the latter half of 1999. Crude goods The Producer Price Index for Crude Materials for Further Processing rose 5.8 percent in June, seasonally adjusted, after increasing 3.2 percent in May. This acceleration was caused by a faster rate of increase for crude energy material prices. On the other hand, faster rates of price decline were reported for crude foodstuffs and feedstuffs and basic industrial materials. (See table B.) Prices for crude energy materials advanced 16.2 percent in June, after posting a 9.9-percent increase in May. The index for natural gas gained 23.9 percent, following a 3.1-percent rise in the prior month. June's increase for natural gas is the largest one-month advance since a 39.9percent rise in December 1996. On the other hand, crude petroleum prices rose 13.8 percent, after a 21.6-percent advance a month ago. The coal index fell, after rising last month. The index for crude energy materials increased at a 95.5-percent seasonally adjusted annual rate from December 1999 to June 2000, after increasing at a 30.0-percent rate in the previous six-month period. The index for crude foodstuffs and feedstuffs fell 2.6 percent in June, following a 1.8-percent decline in May. Corn prices turned down 13.2 percent, following a 4.9-percent rise. The indexes for fresh vegetables (except potatoes), soybeans, alfalfa hay, and fresh fruits and melons also fell, after rising in the prior month. Slaughter cattle prices fell more than a month ago. By contrast, the slaughter hogs index turned up 2.8 percent, following a 15.5-percent drop in the previous month. Fluid milk prices also rose, after falling a month ago. The index for slaughter broilers and fryers fell less than in May. During the first half of 2000, the crude foodstuffs and feedstuffs index rose at a seasonally adjusted annual rate of 3.9 percent, after showing no change in the last half of 1999. Basic industrial material prices declined 1.3 percent in June, following a 0.3-percent decrease in May. The June decrease for this index was the fourth consecutive monthly decline. Wastepaper prices fell 1.4 percent, after a 7.3-percent gain in the prior month. The indexes for raw cotton, cattle hides, and for construction sand, gravel, and crushed stone also turned down, after rising last month. Conversely, prices for copper ores turned up 3.3 percent, following a 7.3-percent decline in May. The indexes for gold ores and copper base scrap also rose, after falling a month ago. Prices for aluminum base scrap showed no change, following a decrease in the previous month. The iron and steel scrap index fell less than in the prior month. The index for basic industrial materials turned down at a 0.8-percent seasonally adjusted annual rate from December 1999 to June 2000, after increasing at a 24.4-percent rate in the previous sixmonth period. 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 13.8 percent in June, after registering a 5.4percent increase in May. (Net output price indexes are not seasonally adjusted.) Leading the upturn in June, prices received by the crude petroleum, natural gas, and natural gas liquids industry advanced 19.0 percent, following a 7.1-percent rise in the prior month. The index for the gold ores industry and for the copper ores industry rose, after falling in the previous month. Prices received by the drilling oil and gas wells industry rose more than a month ago. By contrast, the index for the bituminous coal and lignite industry turned down 1.2 percent, following a 1.9-percent increase in May. Prices received by the oil and gas exploration services industry; the potash, soda, and borate minerals industry; and for the construction sand and gravel industry also fell, after rising in the prior month. During the first half of 2000, the index for the net output of total domestic mining industries rose at an annual rate of 72.3 percent, after rising at a 29.1 percent rate for the latter half of 1999. In June, this index stood at 113.8 (December 1984=100), 49.1 percent above its year-ago level. Manufacturing. The Producer Price Index for the Net Output of Total Domestic Manufacturing Industries increased 0.4 percent in June, after posting a 0.5-percent rise in May. In June, rising prices were observed for the petroleum refining and related products industry group; the printing, publishing, and allied products industry group; the rubber and miscellaneous plastic products industry group; and the measuring and controlling instruments industry group. These advances more than offset declining prices received by the tobacco manufactures industry group; the transportation equipment industry group; the lumber and wood products (except furniture) industry group; and the primary metal products industry group. During the first half of 2000, the index for the net output of total manufacturing industries rose at an annual rate of 5.4 percent, following a 4.3-percent annual rate of increase for the second half of 1999. In June, this index stood at 134.0 (December 1984=100), 0.4 percent above its year-ago level. Services. Among service industries in June, price increases were observed for real estate agents and managers, the telephone communications (except radiotelephone) industry, travel agencies, and the deep sea foreign transportation of freight industry. Price decreases were observed for the scheduled air transportation industry, operators and lessors of nonresidential buildings, hotels and motels, and the freight transportation arrangement industry. ***** Producer Price Index data for July 2000 will be released on Friday, August 11, 2000 at 8:30 a.m. (E.D.T.) Table 1. Producer price indexes and percent changes by stage of processing (1982=100) _______________________________________________________________________________________________________________________________ | | | Unadjusted | | | | percent | Seasonally adjusted | Relative | Unadjusted index | change to | percent change from: Grouping |importance| |June 2000 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | |Feb. | May |June | June | May |Mar. to|Apr. to | May to | 1999 1/|2000 2/|2000 2/|2000 2/| 1999 | 2000 | Apr. | May | June _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 136.0 137.5 138.4 4.3 0.7 -0.3 0 0.6 Finished consumer goods........................| 75.611 135.7 137.6 138.8 5.4 .9 -.5 0 .8 Finished consumer foods......................| 22.882 136.0 138.0 137.3 1.6 -.5 1.0 -.2 -.3 Crude......................................| 1.619 124.0 125.0 115.5 -8.6 -7.6 7.9 -2.3 -6.2 Processed..................................| 21.263 136.9 139.0 139.1 2.4 .1 .5 0 .1 Finished consumer goods, excluding foods.....| 52.729 135.4 137.2 139.2 7.1 1.5 -1.1 0 1.2 Nondurable goods less foods................| 36.838 134.3 136.9 139.9 9.7 2.2 -1.6 -.1 1.8 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 | Finished goods less foods and energy.............|5/ 63.338 Finished consumer goods less foods and energy....|5/ 38.949 133.9 138.5 139.2 138.2 134.0 138.7 139.4 138.4 133.6 138.5 139.5 138.1 1.0 .9 .8 1.0 -.3 -.1 .1 -.2 .2 .4 .1 .1 .1 -.1 0 .1 -.1 126.9 127.0 117.5 129.7 129.6 125.9 150.8 94.8 94.2 94.9 147.2 135.6 141.9 132.8 92.9 137.7 128.3 128.4 120.6 133.2 129.6 126.0 151.1 96.7 96.3 96.5 152.8 136.6 142.7 133.9 96.4 138.4 129.7 128.6 120.7 133.9 129.3 126.1 150.9 103.2 101.7 103.6 153.3 137.1 143.5 134.3 97.1 138.9 5.4 3.6 .6 8.2 3.6 .3 .9 21.6 14.8 25.4 7.8 2.4 2.2 2.4 10.3 1.9 1.1 .2 .1 .5 -.2 .1 -.1 6.7 5.6 7.4 .3 .4 .6 .3 .7 .4 -.1 .4 1.3 .6 .3 .2 .1 -2.9 -1.1 -3.8 2.3 .1 .2 .2 -.4 .2 -.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 .4 110.3 97.6 115.1 119.5 109.8 204.9 99.9 99.7 101.6 115.4 104.6 118.6 117.2 107.7 199.1 111.2 109.8 113.3 121.9 101.8 131.4 123.8 114.1 195.8 131.3 130.8 133.7 25.2 2.3 42.1 39.3 41.0 .5 45.7 48.0 45.5 5.6 -2.7 10.8 5.6 5.9 -1.7 18.1 19.1 18.0 -2.5 1.7 -5.1 -11.8 -12.2 -.5 6.0 6.4 6.0 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 18.0 135.9 127.8 110.0 115.8 137.2 129.2 113.2 119.7 138.6 130.7 113.5 133.1 5.2 5.7 3.0 43.7 1.0 1.2 .3 11.2 -.7 -.2 .8 -4.7 .1 -.1 .7 6.5 .9 .9 .4 11.1 87.5 144.3 146.7 91.5 145.0 147.6 97.0 144.6 147.1 23.4 1.4 1.6 6.0 -.3 -.3 -4.1 .3 .4 -.5 .1 .1 5.1 -.2 -.2 147.5 153.6 147.8 153.8 147.5 153.4 1.4 1.6 -.2 -.3 .1 .1 .2 .2 -.1 -.1 0 .1 .2 Consumer nondurable goods less foods and energy..|5/ 23.058 169.0 169.4 169.0 2.0 -.2 .2 .1 -.2 | Intermediate energy goods........................|6/ 13.762 94.5 96.5 102.9 21.6 6.6 -2.9 -1.4 4.7 Intermediate materials less energy...............|6/ 86.238 133.9 135.2 135.5 3.0 .2 .4 .2 .1 Intermediate materials less foods and energy.....|6/ 81.739 135.5 136.7 136.9 3.0 .1 .4 .1 .2 | Crude energy materials 3/........................|8/ 39.555 100.2 105.8 122.9 59.4 16.2 -6.9 9.9 16.2 Crude materials less energy......................|8/ 60.445 111.5 115.8 113.3 5.2 -2.2 .7 -1.3 -2.2 Crude nonfood materials less energy 4/...........|8/ 21.446 151.3 148.5 146.8 11.0 -1.1 -1.2 -.3 -1.3 _______________________________________________________________________________________________________________________________ 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 February 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 | | |June 2000 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Feb. | May |June | June | May |Mar. to|Apr. to| May to | |2000 1/|2000 1/|2000 1/| 1999 | 2000 | Apr. | May | June ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 136.0 137.5 138.4 4.3 0.7 -0.3 0 0.6 | FINISHED CONSUMER GOODS...............................| 135.7 137.6 138.8 5.4 .9 -.5 0 .8 | FINISHED CONSUMER FOODS..............................| 136.0 138.0 137.3 1.6 -.5 1.0 -.2 -.3 | | 01-11 | Fresh fruits and melons 2/..........................| 100.0 94.3 83.2 -20.4 -11.8 -2.9 3.2 -11.8 01-13 | Fresh and dry vegetables 2/.........................| 107.6 140.6 119.9 -6.1 -14.7 2.5 12.1 -14.7 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 95.3 64.2 81.9 16.8 27.6 41.6 -17.9 20.9 02-11 | Bakery products 2/..................................| 180.2 181.4 181.6 2.3 .1 .3 .1 .1 02-13 | Milled rice 2/......................................| 105.3 103.6 100.8 -19.8 -2.7 .5 .2 -2.7 02-14-02 | Pasta products (June 1985=100) 2/...................| 121.8 121.6 121.2 -.6 -.3 0 -.1 -.3 02-21-01 | Beef and veal.......................................| 110.1 118.6 117.6 8.5 -.8 2.6 2.3 1.4 02-21-04 | Pork................................................| 110.2 120.5 120.5 23.0 0 1.8 -5.4 .7 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 | 15-94-02 | 15-94-04 | 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/.....................................| Jewelry, platinum, & karat gold 2/..................| Costume jewelry and novelties 2/....................| 105.7 91.9 207.8 130.7 129.1 170.3 143.2 140.4 133.0 106.5 93.5 201.8 133.1 128.8 170.8 145.0 138.6 135.5 107.9 96.3 195.0 134.4 128.5 170.9 145.0 131.8 132.1 -6.8 .7 4.3 -.7 .5 0 5.9 -2.6 -5.9 1.3 3.0 -3.4 1.0 -.2 .1 0 -4.9 -2.5 2.7 2.7 7.2 2.6 -.3 .1 .5 -1.7 2.0 -4.7 -1.1 -4.3 2.2 -.2 .2 1.1 .9 0 -.2 0 -3.1 -.1 -.2 .1 .3 -4.9 -2.5 135.4 137.2 139.2 7.1 1.5 -1.1 0 1.2 138.2 124.6 133.1 117.2 122.1 144.8 107.1 118.7 86.1 93.3 341.5 186.9 127.1 136.3 92.1 144.4 207.4 198.4 215.4 151.7 128.1 108.2 72.4 164.2 140.0 132.2 133.8 121.5 126.6 400.0 160.0 127.5 140.4 138.4 123.4 133.6 118.7 122.1 145.1 108.3 122.4 98.5 85.7 343.8 188.4 127.2 137.2 93.0 149.2 208.5 198.4 218.4 152.6 128.9 107.7 71.9 165.8 140.1 132.2 133.2 121.6 126.7 398.8 160.9 127.7 141.0 137.6 123.1 133.1 120.1 122.5 145.0 112.1 129.5 106.7 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 72.2 165.6 140.1 131.4 131.6 121.5 126.7 393.2 161.7 127.7 141.0 1.1 -.6 0 2.0 -.4 .3 .1 15.7 68.0 76.6 2.9 1.1 1.4 .7 0 .7 .8 1.4 2.2 1.7 1.5 -1.5 -2.4 .7 .1 -.2 2.3 -1.9 .2 8.1 2.0 .7 .6 -.6 -.2 -.4 1.2 .3 -.1 3.5 5.8 8.3 4.7 .1 -.1 .1 .1 .4 -1.3 0 .7 -.5 .1 .7 -.6 .4 -.1 0 -.6 -1.2 -.1 0 -1.4 .5 0 0 .5 -.3 .2 .3 0 .1 .2 1.6 -11.7 -14.0 .5 0 .1 .1 1.0 .1 .6 0 -1.7 .3 -.2 -.1 -.1 -.1 0 0 .4 .1 .1 0 .5 0 .3 -.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 .4 -.1 -.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 0 0 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 03-4 03-83-03 | | | 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/.....................................| | Finished fabrics....................................| | Industrial textile products 2/......................| 138.5 138.7 138.5 .9 -.1 .2 .1 0 153.0 148.3 161.6 160.3 140.8 153.1 133.8 77.0 155.7 163.8 141.5 135.0 110.9 102.7 127.8 145.6 112.3 157.6 157.8 147.9 138.3 155.7 145.8 135.3 152.6 148.6 161.6 162.5 141.4 153.9 134.2 74.1 155.8 165.0 142.0 136.9 110.9 101.7 127.9 146.0 113.0 158.4 157.2 148.6 138.9 157.6 146.4 135.8 152.4 148.5 161.8 162.6 141.1 154.4 134.4 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 .2 .8 .9 1.8 .7 1.7 1.1 -16.4 1.9 1.5 .5 4.7 -1.7 -.4 1.1 1.0 0 1.2 .1 1.3 2.1 4.2 .4 -.1 -.1 -.1 .1 .1 -.2 .3 .1 -1.6 .8 .1 -.1 0 0 1.0 .1 .1 -.6 .1 -.1 0 -.1 .1 0 -.1 .2 .3 -.4 -.1 .1 .1 .1 -2.4 .1 -.1 0 .1 .2 .5 .2 .1 -.3 0 -.1 .2 .7 .7 0 .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 -.1 126.9 128.3 129.7 5.4 1.1 -.1 -.1 .9 110.0 113.2 113.5 3.0 .3 .8 .7 .4 102.3 113.9 94.1 75.6 101.3 101.9 110.6 93.6 83.1 104.4 104.0 111.3 93.9 78.3 105.1 -1.1 -9.2 -.5 -8.4 8.0 2.1 .6 .3 -5.8 .7 -.3 -3.9 -.2 8.5 -.4 -.4 .4 -.8 -1.3 2.2 2.1 .6 0 -5.8 .7 127.8 129.2 130.7 5.7 1.2 -.2 -.1 .9 104.7 107.8 113.3 121.8 129.9 107.7 108.1 110.9 122.9 130.6 108.0 107.8 109.5 123.0 130.3 4.1 -.6 -4.0 .3 .8 .3 -.3 -1.3 .1 -.2 .7 0 1.6 .6 .1 1.5 1.0 -.1 -.1 .1 .3 -.3 -1.3 .2 -.2 04-2 | Leather.............................................| 180.1 179.5 179.5 2.6 0 .1 .4 .9 05-32 | Liquefied petroleum gas 2/..........................| 105.4 110.9 129.7 91.0 17.0 -7.8 -12.1 17.0 ____________________________________________________________________________________________________________________________________ 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 | | |June 2000 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Feb. | May |June | June | May |Mar. to|Apr. to| May to | |2000 1/|2000 1/|2000 1/| 1999 | 2000 | Apr. | May | June ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 125.7 125.9 136.2 1.3 8.2 -0.2 -1.1 1.2 05-43 | Industrial electric power...........................| 126.7 127.1 132.2 .5 4.0 .6 -2.3 .2 05-52 | Commercial natural gas (Dec. 1990=100)..............| 115.5 117.5 126.4 22.1 7.6 4.0 1.9 8.6 05-53 | Industrial natural gas (Dec. 1990=100)..............| 112.5 114.3 128.4 29.0 12.3 4.4 1.3 12.9 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 102.7 102.5 125.3 58.8 22.2 6.5 .7 23.9 05-72-03 | Jet fuels...........................................| 81.5 75.8 78.3 60.8 3.3 -5.1 -6.8 4.9 05-73-03 | No. 2 Diesel fuel...................................| 86.1 83.6 85.5 59.8 2.3 -9.7 -2.2 4.9 05-74 | Residual fuel 2/....................................| 74.0 79.1 86.4 66.2 9.2 .1 1.2 9.2 06-1 | Industrial chemicals 2/.............................| 126.3 128.7 129.9 10.5 .9 -.3 .2 .9 06-21 | Prepared paint......................................| 160.4 161.0 160.9 2.2 -.1 .1 .4 .1 06-22 | Paint materials 2/..................................| 145.7 150.9 151.5 6.0 .4 .1 2.2 .4 06-31 | Medicinal and botanical chemicals 2/................| 147.4 146.4 147.1 1.7 .5 2.2 -.4 .5 06-4 | Fats and oils, inedible 2/..........................| 75.5 71.4 72.6 -7.0 1.7 -6.3 1.4 1.7 06-51 | Mixed fertilizers...................................| 111.5 112.2 112.2 -2.0 0 -.1 .2 .1 06-52-01 | Nitrogenates........................................| 105.4 113.2 113.4 21.7 .2 -.2 5.0 1.4 06-52-02 | Phosphates 2/.......................................| 104.7 98.9 98.0 -13.7 -.9 -3.0 .3 -.9 06-53 | Other agricultural chemicals 2/.....................| 145.3 149.6 146.5 1.5 -2.1 -.8 3.5 -2.1 06-6 | Plastic resins and materials 2/.....................| 135.7 147.4 148.6 20.7 .8 2.5 4.2 .8 07-11-02 | Synthetic rubber 2/.................................| 116.2 117.6 117.9 4.6 .3 .7 2.3 .3 07-21 | Plastic construction products ......................| 133.5 136.4 137.0 8.0 .4 -.6 0 .6 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 131.0 131.4 131.7 3.9 .2 .8 -.2 .2 07-26 | Plastic parts and components for manufacturing 2/...| 116.9 117.3 117.3 -.3 0 -.2 .1 0 08-11 | Softwood lumber 2/..................................| 194.7 180.3 178.8 -13.2 -.8 -1.4 -5.0 -.8 08-12 | Hardwood lumber ....................................| 183.7 186.1 186.5 5.6 .2 .3 .3 .3 08-2 | Millwork 2/.........................................| 175.6 176.9 176.7 .6 -.1 .2 .1 -.1 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 | 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................| | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 162.2 136.7 146.5 163.6 165.4 144.3 153.0 136.5 107.9 116.7 147.9 162.4 142.6 106.0 150.6 179.8 154.1 145.0 130.1 125.7 163.1 135.1 160.9 167.7 152.7 146.1 152.9 96.9 143.4 137.2 107.6 149.8 145.7 99.8 229.2 127.3 113.9 140.5 144.6 124.4 145.7 156.7 141.6 150.3 177.1 175.2 144.7 154.2 136.2 110.3 111.6 148.1 161.0 144.0 106.0 150.5 180.3 155.7 145.7 129.9 125.9 163.8 135.5 162.0 167.8 153.4 145.9 152.9 97.7 143.3 137.2 109.5 150.1 147.3 105.1 215.0 127.3 113.3 140.1 143.5 124.3 145.8 155.5 145.6 150.9 180.3 175.6 141.0 155.9 137.4 109.9 111.3 147.8 160.1 141.9 107.1 151.6 181.1 155.7 144.9 129.7 125.9 163.8 135.9 162.0 167.8 153.1 145.7 152.5 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 -21.0 25.5 7.3 20.6 11.4 -3.4 2.5 1.7 4.5 14.6 8.0 8.8 7.3 1.0 1.7 2.3 1.2 1.3 -.7 .3 1.5 -.1 1.1 .5 .3 -.1 .7 -.2 .3 .9 3.4 -.9 2.8 8.5 .6 .8 -.6 1.8 -.3 -3.2 .8 -.8 2.8 .4 1.8 .2 -2.6 1.1 .9 -.4 -.3 -.2 -.6 -1.5 1.0 .7 .4 0 -.5 -.2 0 0 .3 0 0 -.2 -.1 -.3 -.1 .1 .7 .4 -.1 .4 1.2 -2.1 0 0 0 .1 0 -.1 .8 2.8 .7 2.1 3.7 1.2 .3 .4 1.7 -2.1 -.5 -.6 -.7 -.6 .1 .4 .5 0 -.6 .1 .1 .3 -.1 0 .3 -.1 .7 .6 0 -.4 1.4 -1.7 -.3 2.0 -1.4 -.1 .1 .8 .8 .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 -.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 .1 110.3 115.4 121.9 25.2 5.6 -2.5 3.2 5.8 97.6 104.6 101.8 2.3 -2.7 1.7 -1.8 -2.6 | | 01-21 | Wheat 2/............................................| 80.3 79.7 81.2 1.9 1.9 -2.7 2.2 1.9 01-22-02-05| Corn 2/.............................................| 82.8 87.7 76.1 -6.9 -13.2 -4.8 4.9 -13.2 01-31 | Slaughter cattle 2/.................................| 101.2 107.6 105.3 6.3 -2.1 1.5 -1.3 -2.1 01-32 | Slaughter hogs......................................| 65.9 83.9 83.3 44.9 -.7 6.5 -15.5 2.8 01-41-02 | Slaughter broilers/fryers...........................| 118.5 126.7 126.9 -10.0 .2 4.6 -7.4 -3.0 01-42 | Slaughter turkeys...................................| 100.4 116.2 121.2 -1.9 4.3 -.1 -.4 .2 01-6 | Fluid milk..........................................| 88.6 89.3 90.8 -6.7 1.7 2.8 -.2 4.6 01-83-01-31| Soybeans 2/.........................................| 83.9 91.6 87.0 10.0 -5.0 .2 4.9 -5.0 02-52-01-01| Cane sugar,raw 2/...................................| 93.6 102.0 105.1 -12.0 3.0 1.4 .4 3.0 | | | CRUDE NONFOOD MATERIALS..............................| 115.1 118.6 131.4 42.1 10.8 -5.1 6.5 10.7 | | 01-51-01-01| Raw cotton..........................................| 89.4 95.6 91.9 1.8 -3.9 -11.6 9.6 -6.4 01-92-01-01| Leaf tobacco 2/.....................................| 112.0 (3) (3) (3) (3) -17.3 (3) (3) 04-11 | Cattle hides 2/.....................................| 154.8 162.9 162.1 18.9 -.5 3.0 4.2 -.5 05-1 | Coal 2/.............................................| 87.3 89.8 88.4 -4.1 -1.6 -1.9 3.1 -1.6 05-31 | Natural gas 2/......................................| 104.8 119.0 147.5 65.7 23.9 8.7 3.1 23.9 05-61 | Crude petroleum 2/..................................| 83.5 81.7 93.0 90.6 13.8 -23.7 21.6 13.8 08-5 | Logs, timber, etc...................................| 209.8 201.8 198.4 -1.0 -1.7 -.8 -.9 -.7 09-12 | Wastepaper 2/.......................................| 288.7 359.8 354.9 106.7 -1.4 6.1 7.3 -1.4 10-11 | Iron ore 2/.........................................| 94.4 94.9 94.9 .1 0 .2 -.1 0 10-12 | Iron and steel scrap 2/.............................| 162.1 147.0 140.3 1.5 -4.6 -1.2 -6.9 -4.6 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 69.8 65.1 67.6 13.8 3.8 -.3 -3.3 3.8 10-23-01 | Copper base scrap 2/................................| 123.4 118.4 120.3 16.7 1.6 2.2 -4.0 1.6 10-23-02 | Aluminum base scrap.................................| 193.4 172.0 169.8 5.3 -1.3 -5.6 -5.4 0 13-21 | Construction sand, gravel, and crushed stone........| 160.6 164.0 164.0 4.3 0 .6 1.8 -.1 ____________________________________________________________________________________________________________________________________ 1/ The indexes for February 2000 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. 2/ 3/ Not seasonally adjusted. Not available. Table 3. Producer price indexes for selected commodity groupings (1982=100 unless otherwise indicated) _______________________________________________________________________________________________ | | | | | Unadjusted index 1/ | Commodity| |___________________________________| code | Grouping | Feb. 2000 | May 2000 | June 2000 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 381.7 | 385.9 | 388.4 | | All commodities................................| 129.8 | 131.6 | 133.3 | | | | | | 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 02-7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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....................| Fats and oils..................................| MAJOR COMMODITY GROUPS 120.4 97.5 131.7 131.5 121.0 148.9 93.1 148.9 123.7 184.0 180.0 128.8 123.9 132.3 141.7 143.4 170.4 141.8 108.4 82.4 92.4 113.4 88.1 112.3 103.6 94.7 167.0 157.5 118.9 109.2 132.6 142.0 137.7 111.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 123.9 103.4 134.0 133.1 121.1 149.9 96.8 151.6 124.0 179.4 184.5 128.2 124.1 132.6 142.9 143.3 170.6 142.5 118.1 85.8 102.5 123.0 94.5 73.8 113.7 102.4 'N.A.' 157.8 123.9 110.3 132.5 142.9 136.1 115.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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.' 157.9 123.4 111.6 133.0 142.1 130.4 112.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | Apparel........................................| 127.4 | 127.1 | 127.0 | | Other leather and related products.............| 146.0 | 146.0 | 145.7 | | Gas fuels 2/...................................| 103.5 | 115.3 | 140.9 | | Electric power.................................| 125.8 | 126.5 | 133.0 | | Refined petroleum products.....................| 84.0 | 90.0 | 95.7 | | Drugs and pharmaceuticals......................| 256.2 | 257.0 | 257.8 | | Agricultural chemicals and products............| 123.8 | 125.4 | 123.9 | | Other chemicals and allied products............| 136.6 | 136.7 | 137.3 | | Rubber and rubber products.....................| 114.2 | 115.0 | 115.2 | | Rubber, except natural rubber..................| 115.6 | 116.9 | 117.3 | | Miscellaneous rubber products..................| 138.3 | 138.7 | 138.8 | | Plastic products...............................| 131.3 | 131.5 | 132.0 | | Lumber.........................................| 189.2 | 180.0 | 179.1 | | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 156.3 | 164.3 | 164.8 | 09-15 | Converted paper and paperboard products........| 158.2 | 164.6 | 164.3 | 10-1 | Iron and steel.................................| 118.2 | 118.3 | 117.6 | 10-2 | Nonferrous metals..............................| 129.9 | 126.6 | 126.4 | 10-25 | Nonferrous mill shapes.........................| 142.4 | 142.7 | 142.5 | 11-3 | Metalworking machinery and equipment...........| 149.0 | 149.4 | 149.4 | 11-4 | General purpose machinery and equipment........| 150.2 | 150.7 | 150.8 | 11-6 | Special industry machinery.....................| 162.7 | 163.2 | 163.4 | 11-7 | Electrical machinery and equipment.............| 118.8 | 119.0 | 119.0 | 11-9 | Miscellaneous machinery and equipment..........| 133.6 | 133.7 | 133.9 | 12-6 | Other household durable goods..................| 154.7 | 155.3 | 155.1 | 13-2 | Concrete ingredients...........................| 153.9 | 156.1 | 156.0 | 14-1 | Motor vehicles and equipment...................| 132.7 | 132.3 | 131.7 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.7 | 132.8 | 132.8 | 15-4 | Photographic equipment and supplies............| 108.9 | 108.9 | 108.3 | 15-9 | Other miscellaneous products...................| 136.3 | 136.8 | 137.7 | __________________________________________________________|___________|___________|___________| 1/ Data for February 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_June_2000_from: code | |base | | | | | | | |Feb. |May |June | June | May | | |2000 2/|2000 2/|2000 2/| 1999 | 2000 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 95.8 100.0 113.8 49.1 13.8 10 | Metal mining................................ |12/84| 75.3 71.7 73.7 9.5 2.8 12 | Coal mining................................. |12/85| 84.7 86.0 85.0 -3.6 -1.2 13 | Oil and gas extraction...................... |12/85| 102.6 108.3 127.1 66.8 17.4 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 135.3 137.5 136.8 1.9 -.5 | | | |Total manufacturing industries............... |12/84| 132.2 133.4 134.0 4.9 .4 20 | Food and kindred products................... |12/84| 127.2 129.1 129.1 2.5 0 21 | Tobacco manufactures........................ |12/84| 348.6 347.1 342.2 8.2 -1.4 22 | Textile mill products....................... |12/84| 116.4 116.3 116.2 -.1 -.1 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.2 125.6 125.5 .3 -.1 24 | Lumber and wood products, except furniture.. |12/84| 161.6 159.0 158.4 -4.1 -.4 25 | Furniture and fixtures...................... |12/84| 142.5 143.3 143.5 1.7 .1 26 | Paper and allied products................... |12/84| 141.5 146.9 147.2 8.4 .2 27 | Printing, publishing, and allied industries. |12/84| 180.8 181.7 182.9 3.2 .7 28 | Chemicals and allied products............... |12/84| 154.5 156.9 157.1 5.4 .1 29 | Petroleum refining and related products..... |12/84| 104.1 111.4 118.0 59.0 5.9 30 | Rubber and miscellaneous plastic products... |12/84| 123.5 123.3 123.9 1.6 .5 31 | Leather and leather products................ |12/84| 137.5 137.5 137.4 .7 -.1 32 | Stone, clay, glass, and concrete products... |12/84| 134.6 134.8 134.9 1.7 .1 33 | Primary metal industries.................... |12/84| 119.5 120.5 120.1 4.4 -.3 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 130.0 130.3 130.3 .9 0 35 | Machinery, except electrical................ |12/84| 117.3 117.5 117.5 0 0 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 108.6 108.6 108.6 -.8 0 37 | Transportation equipment.................... |12/84| 136.5 136.1 136.0 1.8 -.1 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 126.2 126.3 126.5 1.0 .2 39 | Miscellaneous manufacturing industries...... |12/85| 131.1 131.3 131.3 .6 0 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 102.1 102.7 103.1 1.7 .4 42 | Motor freight transportation and warehousing |06/93| 117.0 118.8 119.4 4.2 .5 43 | United states postal service................ |06/89| 135.2 135.2 135.2 0 0 44 | Water transportation........................ |12/92| 117.0 119.8 123.2 5.5 2.8 45 | Transportation by air....................... |12/92| 141.6 149.6 147.5 12.7 -1.4 46 | Pipe lines, except natural gas.............. |12/86| 101.9 101.9 102.0 3.4 .1 80 | Health services............................. |12/94| 111.9 111.9 112.0 2.2 .1 81 | Legal services.............................. |12/96| 111.4 111.7 111.7 2.8 0 __________________________________________________________________________________________________________________ 1/ Indexes in this table are derived from the net-output-weighted industry price indexes. Because of differences in coverage and aggregation methodology, they will generally not match the movements of similarly-titled indexes which are derived from traditional commodity groupings. 2/ The indexes for February 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 | | | | | | | Jan. | Feb. | Mar. | Apr. | May | June | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 _______________________________________________________|________|________|________|________|________|________ | Finished goods...................................| 135.0 136.5 137.7 137.3 137.3 138.1 Finished consumer goods........................| 134.5 136.4 138.0 137.3 137.3 138.4 Finished consumer foods......................| 135.7 136.4 136.5 137.9 137.6 137.2 Crude......................................| 118.9 123.9 119.2 128.6 125.7 117.9 Processed..................................| 137.0 137.4 137.9 138.6 138.6 138.8 Finished consumer goods, excluding foods.....| 133.8 136.2 138.4 136.9 136.9 138.6 Nondurable goods less foods................| 132.3 135.7 138.8 136.6 136.4 138.9 Durable goods..............................| 133.6 133.3 133.6 133.7 134.2 134.1 Capital equipment..............................| 138.2 138.2 138.3 138.6 138.8 138.8 Manufacturing industries.....................| 139.0 139.1 139.2 139.2 139.4 139.5 Nonmanufacturing industries..................| 137.8 137.8 138.0 138.3 138.5 138.4 | Intermediate materials, supplies, and components.| 126.2 127.3 128.5 128.4 128.3 129.4 Materials and components for manufacturing.....| 126.5 127.0 127.5 128.0 128.3 128.5 Materials for food manufacturing.............| 118.2 118.0 118.7 120.2 120.1 120.4 Materials for nondurable manufacturing.......| 128.7 129.7 131.3 132.1 133.0 133.8 Materials for durable manufacturing..........| 128.6 129.6 129.4 129.8 129.5 129.2 Components for manufacturing.................| 125.8 125.9 125.7 125.9 126.0 126.1 Materials and components for construction......| 150.6 150.9 151.4 151.5 151.0 150.8 Processed fuels and lubricants.................| 93.1 97.2 101.3 98.4 96.9 101.5 Manufacturing industries ....................| 93.8 96.3 98.9 97.8 96.3 99.8 Nonmanufacturing industries..................| 92.4 97.3 102.3 98.4 96.9 102.1 Containers.....................................| 147.2 147.2 148.4 151.8 152.8 153.3 Supplies.......................................| 135.2 135.5 136.0 136.2 136.6 137.1 Manufacturing industries.....................| 141.8 141.9 142.3 142.6 142.8 143.5 Nonmanufacturing industries..................| 132.3 132.8 133.2 133.4 133.9 134.3 Feeds......................................| 90.5 92.9 94.3 93.9 96.4 97.1 Other supplies.............................| 137.4 137.6 137.9 138.2 138.4 138.9 | Crude materials for further processing...........| 106.9 111.1 113.9 111.1 114.6 121.2 Foodstuffs and feedstuffs......................| 98.9 99.5 103.0 104.7 102.8 100.1 Nonfood materials..............................| 108.5 115.0 117.4 111.4 118.6 131.3 Nonfood materials except fuel 2/.............| 111.7 119.4 122.2 107.8 117.1 123.6 Manufacturing 2/...........................| 102.5 109.8 112.5 98.8 107.7 113.9 Construction...............................| 203.7 204.8 202.5 201.4 199.0 195.7 Crude fuel 3/................................| 95.5 99.9 101.4 107.5 111.2 131.3 Manufacturing industries...................| 94.6 99.7 100.7 107.1 109.8 130.8 Nonmanufacturing industries................| 97.2 101.6 103.3 109.5 113.3 133.7 | Special groupings | | Finished goods, excluding foods..................| 134.7 136.4 138.0 137.0 137.1 138.3 Intermediate materials less foods and feeds......| 127.1 128.3 129.5 129.3 129.2 130.3 Intermediate foods and feeds.....................| 109.7 110.3 111.2 112.1 112.9 113.3 Crude materials less agricultural products 2/....| 108.9 115.7 118.0 112.4 119.7 133.0 | Finished energy goods............................| 85.4 89.9 95.0 91.1 90.6 95.2 Finished goods less energy.......................| 143.6 144.1 144.3 144.8 145.0 144.7 Finished consumer goods less energy..............| 145.9 146.6 146.8 147.4 147.5 147.2 | Finished goods less foods and energy.............| 146.7 147.2 147.4 147.6 147.9 147.7 Finished consumer goods less foods and energy....| 152.5 153.3 153.4 153.6 153.9 153.7 Consumer nondurable goods less foods and energy..| 167.3 168.9 168.9 169.2 169.3 169.0 | Intermediate energy goods........................| 92.8 96.8 101.0 98.1 96.7 101.2 Intermediate materials less energy...............| 133.5 133.9 134.4 134.9 135.2 135.4 Intermediate materials less foods and energy.....| 135.1 135.5 135.9 136.4 136.6 136.9 | Crude energy materials 2/........................| 92.0 100.2 103.4 96.3 105.8 122.9 Crude materials less energy......................| 112.1 112.8 115.2 116.0 114.5 112.0 Crude nonfood materials less energy 3/...........| 150.4 151.3 150.6 148.8 148.4 146.4 _____________________________________________________________________________________________________________ 1/ All seasonally adjusted indexes are subject to change up to 5 years after original publication due to the recalculation of seasonal factors each January. The indexes for February 2000 have been recalculated to incorporate late reports and corrections by respondents. 2/ Includes crude petroleum. 3/ 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. 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.
@FedFRASER