Producer Price Indexes -- November 2000
The Producer Price Index for Finished Goods advanced 0.1 percent in
November, seasonally adjusted, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. This index rose 0.4 percent in October
and 0.9 percent in September. The index for finished goods other than
foods and energy showed no change in November, following a 0.1-percent
decline in the prior month. Prices received by manufacturers of
intermediate goods decreased 0.2 percent, after a 0.2-percent gain a month
earlier. The crude goods index fell 2.0 percent, following a 3.4-percent
increase in the previous month. (See table A.)
Table A. Monthly and annual percent changes in selected stage-of-processing price
indexes, seasonally adjusted
______________________________________________________________________________________
| | | | |
| | Finished goods | | |
| | | | |
| |---------------------------------------------------------| | |
| | | | | | Change in | | |
| | | | | Except |finished goods| Inter- | |
| | | | |foods and|from 12 months| mediate | Crude |
| Month | Total | Foods | Energy | energy | ago(unadj.) | goods | goods |
|--------------------------------------------------------------------------------------|
1999
Nov. 0.1 -0.2 1.1 -0.1 3.1 0.2 5.2
Dec. .1 0 .7 .1 2.9 .3 -4.9
2000
Jan. .1 .2 .9 -.2 2.5 .5 2.6
Feb. 1.1 .5 5.3 .3 4.0 .9 3.9
Mar. .7 .1 4.4 .1 4.3 .9 2.2
Apr. -.4 1.1 -3.9 .1 3.6 -.1 -1.5
May .1 -.2 -.2 .3 3.7 -.1 3.0
June .9 -.2 6.4 0 4.4 .9 8.4
July r.1 r-.1 r-.2 .1 r4.3 r.4 r-2.4
Aug. r-.4 r-.8 r-1.4 .1 3.3 r-.4 r-3.0
Sept. .9 .4 3.7 .3 3.3 .7 5.3
Oct. .4 .8 1.4 -.1 3.6 .2 3.4
Nov. .1 .2 .4 0 3.7 -.2 -2.0
r=revised. Some of the figures shown above and elsewhere in this release may differ
from those previously reported because data for July 2000 have been revised to reflect
the availability of late reports and corrections by respondents.
-2-
Among finished goods, the finished energy goods index rose 0.4 percent
in November, after increasing 1.4 percent a month ago. Prices for finished
consumer foods slowed to a 0.2-percent rate of increase, following a 0.8-
percent advance a month earlier. The index for finished consumer goods
other than foods and energy edged down, after showing no change a month
ago. Capital equipment prices were unchanged for the second consecutive
month.
For the first 11 months of 2000, the Producer Price Index for Finished
Goods increased at a 3.9-percent seasonally adjusted annual rate (SAAR),
after rising 2.9 percent in 1999. Prices for finished goods other than
foods and energy rose at a 1.0-percent SAAR for the first 11 months of
2000, after posting a 0.9-percent gain for the previous calendar year. The
index for intermediate goods advanced at a 4.2-percent SAAR from December
1999 to November 2000, following a 3.7-percent rise during 1999. Prices
for crude goods increased at a 23.0-percent SAAR during the first 11 months
of 2000, after a 15.3-percent gain for the prior calendar year.
Before seasonal adjustment, the Producer Price Index for Finished
Goods declined 0.1 percent to stand at 139.9 (1982 = 100). From November
1999 through November 2000, prices for finished goods advanced 3.7 percent.
During the same period, the finished energy goods index jumped 18.8
percent, prices for finished goods other than foods and energy rose 1.0
percent, and the index for finished consumer foods increased 2.0 percent.
Prices received by manufacturers of intermediate goods gained 4.2 percent
for the 12 months ended in November, and the crude goods index advanced
14.9 percent during the same period.
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 | | | | Change |
| | | | | interme- | | | |in crude |
| | | | | diate | | | | goods |
| | | | |goods from| | | | from 12 |
| | | |Excluding|12 months | | |Excluding| months |
| | | |foods and|months ago| | Energy |foods and| ago |
|Month | Foods | Energy | energy | (unadj.) | Foods | (unadj.)| energy |(unadj.) |
|----------------------------------------------------------------------------------|
1999
Nov. -0.6 1.8 0.1 2.8 1.0 11.5 1.0 16.7
Dec. -1.9 1.4 .1 3.7 -2.0 -11.1 2.5 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. 1.0 3.6 .4 5.9 3.6 2.3 -.5 26.9
Apr. .8 -2.8 .4 5.3 1.5 -4.5 -1.0 22.2
May .7 -1.0 .1 5.0 -1.4 8.8 -.2 19.0
June .2 5.1 .1 5.5 -2.7 22.6 -1.6 29.0
July -.7 r1.4 .2 r5.2 -2.9 r-2.3 r-1.6 r25.3
Aug. -2.5 r-.8 -.1 4.3 -4.5 r-2.7 r-1.4 15.6
Sept. 1.1 4.1 0 4.5 3.9 8.1 .3 16.3
Oct. .6 1.1 0 4.6 3.5 4.6 -.6 23.4
Nov. 0 0 -.1 4.2 1.3 -4.1 -2.3 14.9
r=revised. Some of the figures shown above and elsewhere in this release may
differ from those previously reported because data for July 2000 have been revised
to reflect the availability of late reports and corrections by respondents.
-3-
Finished goods
The finished energy goods index increased 0.4 percent in November,
after registering a 1.4-percent gain in October. Residential natural gas
prices rose 1.2 percent, following a 5.2-percent advance in the prior
month. The index for liquefied petroleum gas also increased less than a
month earlier. Prices for residential electric power turned down, after
rising in the previous month. By contrast, the gasoline index advanced 1.4
percent in November, following a 1.8-percent decline in October. Prices
for diesel fuel and finished lubricants also moved up, after decreasing a
month ago. The home heating oil index fell less than in the previous
month.
The finished consumer foods index edged up 0.2 percent, following a
0.8-percent gain in October. In November, rising prices were observed for
dairy products, fresh and dry vegetables, pork, soft drinks, bakery
products, and for beef and veal. On the other hand, the indexes for eggs
for fresh use, finfish and shellfish, fresh fruits and melons, roasted
coffee, and for processed fruits and vegetables exhibited falling prices in
November.
The index for finished consumer goods other than foods and energy
edged down 0.1 percent in November, after posting no change in October. In
November, declining prices for prescription drugs, sanitary papers and
health products, alcoholic beverages, and women's apparel slightly
outweighed rising prices for newspaper circulation; cosmetics and other
toilet preparations; book publishing; men's and boys' apparel; and girls',
children's, and infants' apparel.
The capital equipment index showed no change for the second
consecutive month. November price increases for civilian aircraft,
passenger cars, commercial furniture, construction machinery and equipment,
agricultural machinery and equipment were offset by price declines for x-
ray and electromedical equipment, communication and related equipment,
transformers and power regulators, light motor trucks, heavy motor trucks,
electronic computers, and for office and store machines and equipment.
Intermediate goods
The Producer Price Index for Intermediate Materials, Supplies, and
Components declined 0.2 percent in November, after posting a 0.2-percent
gain in October. Prices for intermediate energy goods showed no change,
after increasing in the previous month. The indexes for durable
manufacturing materials fell more than a month ago. Prices for nondurable
manufacturing materials turned down, following an increase in October. The
intermediate foods and feeds index showed no change, after advancing in the
prior month. Construction material prices fell at a slightly faster pace
in November than in October. Excluding foods and energy, the intermediate
materials index declined, after showing no change in September and October.
(See table B.)
Prices for intermediate energy goods showed no change in November,
after registering a 1.1-percent increase in October. The index for
commercial electric power declined 0.5 percent, following a 1.2-percent
advance in the prior month. Prices for residual fuels, commercial natural
gas, and industrial natural gas also turned down in November, after rising
last month. In November, the indexes for liquefied petroleum gas and
industrial electric power rose at a slower pace than in October. By
contrast, the gasoline index increased 1.4 percent, following a 1.8-percent
drop in October. Diesel fuel prices also turned up, after falling a month
ago. The index for jet fuels fell less than in the previous month.
-4-
The durable manufacturing materials index dropped 1.1 percent in
November, following a 0.2-percent decrease in October. Prices for steel
mill products decreased 1.6 percent, after showing no change last month.
The index for primary aluminum (except extrusion billet) also fell,
following no change in October. Prices for aluminum mill shapes, copper
and brass mill shapes, and plywood turned down, after rising a month
earlier. By contrast, the index for building paper and board edged down
0.2 percent in November, following a 0.8-percent decline in October.
Similarly, prices for flat glass and zinc fell less than in the prior
month.
Prices for materials for nondurable manufacturing edged down 0.1
percent in November, following a 0.1-percent increase in October. Prices
for primary basic organic chemicals dropped 4.2 percent, after registering
a 0.2-percent gain in the previous month. The indexes for fertilizer
materials and paper rose less than in the prior month. On the other hand,
prices for caustic soda advanced 18.2 percent in November, after rising 1.8
percent in October. The indexes for sulfuric acid, paint materials, and
paperboard turned up, following a decline in the prior month. Gray fabric
prices increased, after showing no change a month earlier.
The index for intermediate foods and feeds showed no change in
November, after posting a 0.6-percent gain in October. Flour prices
decreased 1.3 percent, following a 4.8-percent advance in the prior month.
The indexes for beef and veal, prepared animal feeds, and pork rose less
than in October, while crude vegetable oil prices fell more than a month
ago. The index for confectionery materials turned down, after advancing in
the previous month. By contrast, prices for fluid milk products declined
1.2 percent in November, following a 2.6-percent rate of decrease in
October. The index for butter advanced, after falling last month. Prices
for refined sugar moved up at a faster rate in November than in October.
The index for materials and components for construction edged down 0.2
percent in November, following a 0.1-percent decline in October. Falling
prices for plywood, softwood lumber, gypsum products, and for asphalt felts
and coatings outweighed price increases for wiring devices, nonferrous wire
and cable, heating equipment, and steel wire.
Crude goods
The Producer Price Index for Crude Materials for Further Processing
turned down 2.0 percent in November, following a 3.4 percent advance in
October. Prices for crude energy materials also fell, after rising in the
prior month. The crude foodstuffs and feedstuffs index increased at a
slower rate than last month. Prices for basic industrial materials fell
more than in October. (See table B.)
The index for crude energy materials posted a 4.1-percent decrease in
November, following a 4.6-percent advance a month ago. The natural gas
index dropped 11.1 percent, after rising 12.3 percent in October. Coal
prices fell at a faster pace in November than in the previous month. By
contrast, crude petroleum prices turned up 7.1 percent, following a 5.0-
percent decrease in the prior month.
The crude foodstuffs and feedstuffs index increased 1.3 percent, after
rising 3.5-percent in October. November's deceleration was led by
slaughter hog prices, which dropped 9.6 percent after rising 5.4 percent in
October. Prices for slaughter broilers and fryers, unprocessed finfish,
and for fresh fruits and melons also turned down, after rising in October.
The wheat index rose less than in the prior month. On the other hand,
slaughter cattle price increases accelerated to 5.6 percent in November
from 3.0-percent in the prior month. The indexes for soybeans and fluid
milk fell less in November than in October, and prices for slaughter
turkeys turned up, after falling last month.
-5-
The index for basic industrial materials declined 2.3 percent in
November, following a 0.6-percent decrease in the prior month. Prices for
nonferrous metal ores decreased 3.9 percent, following a 1.6-percent
increase in October. The cattle hides index also fell, after rising a
month ago. Prices for aluminum base scrap, iron and steel scrap,
wastepaper, and leaf tobacco fell more than in the previous month. By
contrast, the pulpwood index turned up 1.3 percent, after edging down 0.1
percent in October. The construction sand and gravel index rose more than
in the prior month.
Net output price indexes for mining, manufacturing, and services industries
Mining. The Producer Price Index for the Net Output of Total Domestic
Mining Industries fell 3.2 percent in November, after posting a 5.0-percent
gain in October. (Net output price indexes are not seasonally adjusted.)
This downturn was led by the index for the crude petroleum, natural gas,
and natural gas liquids industry which decreased 3.9 percent, following a
6.2-percent increase last month. Prices received by the copper ores
industry also declined, after rising in the prior month. Faster price
decreases were reported for the gold ores industry index in November than
in October. The iron ores industry index showed no change in November,
after rising 2.3 percent in the prior month. By contrast, prices received
by the oil and gas well drilling industry turned up 5.7 percent, following
a 0.4-percent decline in October. The indexes for coal mining services,
the crushed and broken limestone industry, and the kaolin and ball clay
industry also advanced, after falling a month ago. In November, the
Producer Price Index for the Net Output of Total Domestic Mining Industries
stood at 124.6 (December 1984 = 100), 31.0 percent above its year-ago
level.
Manufacturing. For the second consecutive month, the Producer Price Index
for the Net Output of Total Domestic Manufacturing Industries edged up 0.1
percent. November price increases received by the petroleum refining, food
and kindred products, printing and publishing, and rubber and miscellaneous
plastic products industries were offset by price decreases for the
chemicals and allied products, electrical and electronic machinery, lumber
and wood products, and transportation equipment industries. In November,
the Producer Price Index for the Net Output of Total Domestic Manufacturing
Industries stood at 134.9 (December 1984 = 100), 3.5 percent above its year-
ago level.
Services. Among service industries in November, falling prices were
observed for real estate agents and managers, telephone communications,
life insurance carriers, and for operators and lessors of nonresidential
buildings. By contrast, the industries for health services, scheduled air
transportation, cable television, and passenger car rental services
experienced increasing prices in November.
*****
Producer Price Index data for December 2000 will be
released on Friday, January 12, 2001 at 8:30 a.m. (E.S.T.)
-6-
Improved Quality Adjustment for Microprocessors
Effective with the release of January 2001 data, the Bureau of Labor
Statistics will implement a new quality valuation methodology for
microprocessors designed and sold for computer applications. This new
quality adjustment methodology views changes in the processing power of
microprocessors as changes in quality and permits the explicit estimation
of their value. The new approach replaces current procedures which have
generally been limited to considering price differences between a new
microprocessor and its predecessor as a measure of the value of the quality
difference between the two.
For additional information, see the October 2000 issue of the Producer
Price Index Detailed Report, or contact the Section of Index Analysis and
Public Information at (ppi-info@BLS.gov) or (202) 691-7705
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| |Nov. 2000 from:|
| |_______________________|_______________|__________________________
| Dec. | | | | | | | |
| |July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept. to |Oct. to
| 1999 1/|2000 2/|2000 2/|2000 2/| 1999 | 2000 | Sept.| Oct. | Nov.
_________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________
|
Finished goods...................................| 100.000 138.6 140.0 139.9 3.7 -0.1 0.9 0.4 0.1
Finished consumer goods........................| 75.611 139.0 140.5 140.4 4.5 -.1 1.1 .5 .1
Finished consumer foods......................| 22.882 137.5 137.8 138.1 2.0 .2 .4 .8 .2
Crude......................................| 1.619 115.5 132.6 134.4 12.8 1.4 4.4 8.1 0
Processed..................................| 21.263 139.3 138.2 138.4 1.3 .1 .1 .3 .2
Finished consumer goods, excluding foods.....| 52.729 139.5 141.5 141.2 5.7 -.2 1.3 .4 .1
Nondurable goods less foods................| 36.838 140.5 142.4 142.1 8.0 -.2 1.7 .7 .1
Durable goods..............................| 15.891 133.1 135.1 135.0 .3 -.1 .4 -.4 0
Capital equipment..............................| 24.389 138.6 139.8 139.8 1.1 0 .2 0 0
Manufacturing industries.....................| 6.436 139.5 139.9 139.9 .9 0 .1 .1 .1
Nonmanufacturing industries..................| 17.953 138.2 139.7 139.7 1.2 0 .3 -.1 0
|
Intermediate materials, supplies, and components.| 100.000 130.3 130.8 130.5 4.2 -.2 .7 .2 -.2
Materials and components for manufacturing.....| 46.550 128.9 128.5 128.1 1.7 -.3 -.1 0 -.2
Materials for food manufacturing.............| 3.339 120.5 119.1 118.8 -1.7 -.3 .3 .4 -.3
Materials for nondurable manufacturing.......| 15.689 134.5 133.8 133.7 4.6 -.1 -.5 .1 -.1
Materials for durable manufacturing..........| 10.279 129.4 129.2 127.7 .8 -1.2 .3 -.2 -1.1
Components for manufacturing.................| 17.243 126.3 126.2 126.2 .4 0 .2 -.1 0
Materials and components for construction......| 13.727 150.8 150.2 149.9 .3 -.2 .1 -.1 -.2
Processed fuels and lubricants.................| 13.649 105.0 108.9 108.3 20.1 -.6 4.1 1.1 .1
Manufacturing industries ....................| 4.947 104.4 106.5 105.2 14.3 -1.2 1.9 2.0 -.1
Nonmanufacturing industries..................| 8.702 104.9 109.8 109.6 23.4 -.2 5.4 .7 0
Containers.....................................| 3.953 153.3 153.4 153.2 4.6 -.1 .2 -.1 -.1
Supplies.......................................| 22.121 137.3 137.6 137.6 1.9 0 .4 .1 0
Manufacturing industries.....................| 5.089 144.0 144.3 144.6 2.2 .2 .1 .1 .2
Nonmanufacturing industries..................| 17.032 134.5 134.7 134.7 1.9 0 .4 .1 0
Feeds......................................| 1.160 95.1 94.5 95.2 5.0 .7 3.8 1.0 .7
Other supplies.............................| 15.872 139.3 139.6 139.5 1.7 -.1 .1 .1 -.1
|
Crude materials for further processing...........| 100.000 122.7 128.3 125.5 14.9 -2.2 5.3 3.4 -2.0
Foodstuffs and feedstuffs......................| 38.999 99.3 99.5 100.5 1.0 1.0 3.9 3.5 1.3
Nonfood materials..............................| 61.001 134.4 143.5 138.2 23.5 -3.7 6.0 3.3 -3.6
Nonfood materials except fuel 3/.............| 38.153 116.4 120.4 123.2 17.4 2.3 4.6 -2.8 2.4
Manufacturing 3/...........................| 36.758 107.1 111.1 113.7 18.4 2.3 4.7 -2.9 2.5
Construction...............................| 1.395 192.5 184.5 183.4 -8.4 -.6 -.9 .3 -.6
Crude fuel 4/................................| 22.848 148.3 163.7 147.9 31.3 -9.7 7.8 10.2 -9.7
Manufacturing industries...................| 1.933 148.0 164.7 148.8 32.5 -9.7 7.6 10.5 -9.7
Nonmanufacturing industries................| 20.915 150.9 166.5 150.4 31.2 -9.7 7.7 10.3 -9.7
|
Special groupings |
|
Finished goods, excluding foods..................|5/ 77.118 138.8 140.5 140.3 4.2 -.1 1.0 .3 .1
Intermediate materials less foods and feeds......|6/ 95.501 131.2 131.8 131.5 4.4 -.2 .7 .2 -.2
Intermediate foods and feeds.....................|6/ 4.499 112.7 111.6 111.6 0 0 1.1 .6 0
Crude materials less agricultural products 3/ 7/.|8/ 58.794 136.3 145.3 139.8 23.9 -3.8 6.0 3.3 -3.7
|
Finished energy goods............................|5/ 13.780 97.3 99.7 99.3 18.8 -.4 3.7 1.4 .4
Finished goods less energy.......................|5/ 86.220 144.7 145.8 145.9 1.3 .1 .3 .2 .1
Finished consumer goods less energy..............|5/ 61.831 147.3 148.3 148.4 1.4 .1 .4 .3 .1
|
Finished goods less foods and energy.............|5/ 63.338 147.6 149.0 148.9 1.0 -.1 .3 -.1 0
Finished consumer goods less foods and energy....|5/ 38.949 153.5 155.1 155.0 1.0 -.1 .4 0 -.1
Consumer nondurable goods less foods and energy..|5/ 23.058 169.6 170.8 170.7 1.5 -.1 .3 .3 -.1
|
Intermediate energy goods........................|6/ 13.762 104.6 108.5 107.9 20.0 -.6 4.1 1.1 0
Intermediate materials less energy...............|6/ 86.238 135.7 135.4 135.2 1.7 -.1 .1 0 -.1
Intermediate materials less foods and energy.....|6/ 81.739 137.2 137.0 136.7 1.7 -.2 0 0 -.1
|
Crude energy materials 3/........................|8/ 39.555 127.6 140.5 134.8 36.3 -4.1 8.1 4.6 -4.1
Crude materials less energy......................|8/ 60.445 110.8 110.1 109.9 -.5 -.2 2.6 2.1 .1
Crude nonfood materials less energy 4/...........|8/ 21.446 144.3 141.2 137.7 -3.4 -2.5 .3 -.6 -2.3
_______________________________________________________________________________________________________________________________
1/ Comprehensive relative importance figures are initially computed 3/ Includes crude petroleum.
after the publication of December indexes and are recalculated 4/ Excludes crude petroleum.
after final December indexes are available. The first-published 5/ Percent of total finished goods.
and final December relative importances initially appear, 6/ Percent of total intermediate materials.
respectively, in the release tables containing January and May data. 7/ Formerly titled "Crude materials for
2/ The indexes for July 2000 have been recalculated to incorporate further processing, excluding crude
late reports and corrections by respondents. All indexes are foodstuffs and feedstuffs, plant and
subject to revision 4 months after original publication. 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 | | |Nov. 2000 from:|
code | Grouping |_______________________|_______________|________________________
| | | | | | | | |
| |July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept.to|Oct. to
| |2000 1/|2000 1/|2000 1/| 1999 | 2000 | Sept.| Oct. | Nov.
___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________
| |
|FINISHED GOODS.........................................| 138.6 140.0 139.9 3.7 -0.1 0.9 0.4 0.1
| FINISHED CONSUMER GOODS...............................| 139.0 140.5 140.4 4.5 -.1 1.1 .5 .1
| FINISHED CONSUMER FOODS..............................| 137.5 137.8 138.1 2.0 .2 .4 .8 .2
| |
01-11 | Fresh fruits and melons 2/..........................| 84.6 93.8 90.7 -4.4 -3.3 27.4 3.5 -3.3
01-13 | Fresh and dry vegetables 2/.........................| 119.7 143.9 149.7 37.6 4.0 7.2 4.8 4.0
01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 70.3 90.7 99.7 16.2 9.9 -16.9 21.1 -9.5
02-11 | Bakery products 2/..................................| 182.5 184.1 185.0 3.4 .5 .4 .4 .5
02-13 | Milled rice 2/......................................| 101.1 94.0 95.1 -10.3 1.2 -3.7 -3.9 1.2
02-14-02 | Pasta products (June 1985=100) 2/...................| 121.5 121.5 121.5 -.4 0 .2 0 0
02-21-01 | Beef and veal.......................................| 115.7 111.4 114.5 5.0 2.8 -1.3 1.6 .5
02-21-04 | Pork................................................| 123.4 108.6 105.0 8.4 -3.3 -.7 2.3 1.8
02-22-03 | Processed young chickens............................| 107.8 115.7 115.1 3.8 -.5 6.5 1.0 .4
02-22-06 | Processed turkeys...................................| 98.4 106.2 108.1 3.4 1.8 3.9 1.8 -.2
02-23 | Finfish and shellfish...............................| 196.8 194.1 189.6 -4.7 -2.3 -5.8 2.3 -2.4
02-3 | Dairy products......................................| 135.8 134.6 135.6 -4.0 .7 -2.2 -1.6 1.0
02-4 | Processed fruits and vegetables 2/..................| 128.7 128.2 127.7 -.5 -.4 -.2 .5 -.4
02-55 | Confectionery end products 2/.......................| 171.2 171.3 171.0 .1 -.2 -.2 .1 -.2
02-62 | Soft drinks.........................................| 144.7 144.3 144.7 3.8 .3 -.3 .1 .5
02-63-01 | Roasted coffee 2/...................................| 132.9 130.5 126.3 -4.4 -3.2 .3 0 -3.2
02-78 | Shortening and cooking oils 2/......................| 131.1 130.8 133.1 -1.6 1.8 1.2 -1.0 1.8
| |
| FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 139.5 141.5 141.2 5.7 -.2 1.3 .4 .1
| |
02-61 | Alcoholic beverages.................................| 141.2 142.3 141.7 3.7 -.4 3.0 .3 -.6
03-81-01 | Women's apparel 2/..................................| 124.5 123.8 123.3 -.4 -.4 -.2 .7 -.4
03-81-02 | Men's and boys' apparel.............................| 133.3 133.3 133.4 .5 .1 .3 -.1 .3
03-81-03 | Girls', children's, and infants' apparel 2/.........| 118.0 116.6 118.4 .9 1.5 -.2 -.2 1.5
03-82 | Textile housefurnishings 2/.........................| 122.5 121.1 121.3 -.8 .2 -.7 -.7 .2
04-3 | Footwear 2/.........................................| 145.0 145.1 145.1 .3 0 0 0 0
05-41 | Residential electric power (Dec. 1990=100)..........| 114.6 113.3 109.7 2.0 -3.2 -.3 .8 -.7
05-51 | Residential gas (Dec. 1990=100).....................| 138.0 153.2 155.9 28.6 1.8 4.9 5.2 1.2
05-71 | Gasoline............................................| 100.0 97.8 100.0 35.5 2.2 9.3 -1.8 1.4
05-73-02-01| Fuel oil No. 2......................................| 88.8 108.4 105.3 47.5 -2.9 13.4 -3.4 -1.9
06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 344.5 352.0 346.5 2.1 -1.6 -.1 1.6 -1.6
06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 187.9 187.1 187.1 .3 0 .1 -.6 0
06-71 | Soaps and synthetic detergents 2/...................| 127.6 130.4 130.0 2.1 -.3 1.6 .8 -.3
06-75 | Cosmetics and other toilet preparations 2/..........| 137.0 137.2 138.5 1.4 .9 -.1 .2 .9
07-12 | Tires, tubes, tread, etc 2/.........................| 93.6 93.0 93.4 0 .4 -1.5 .1 .4
09-15-01 | Sanitary papers and health products 2/..............| 146.6 148.2 146.4 .8 -1.2 .4 .7 -1.2
09-31-01 | Newspaper circulation 2/............................| 208.5 208.8 214.9 3.8 2.9 0 .1 2.9
09-32-01 | Periodical circulation..............................| 200.9 198.5 198.8 .8 .2 0 -.9 .2
09-33 | Book publishing.....................................| 217.0 218.3 220.7 1.4 1.1 -.6 -.7 .6
12-1 | Household furniture 2/..............................| 152.8 153.6 153.7 1.7 .1 .1 .4 .1
12-3 | Floor coverings 2/..................................| 129.3 129.7 130.3 2.0 .5 -.8 .5 .5
12-4 | Household appliances ...............................| 107.6 106.9 106.5 -1.6 -.4 0 .8 -.4
12-5 | Home electronic equipment 2/........................| 71.7 71.2 71.3 -1.9 .1 -.3 0 .1
12-62 | Household glassware.................................| 165.9 167.5 167.6 2.1 .1 -.2 1.2 .3
12-64 | Household flatware 2/...............................| 139.3 144.8 148.0 6.2 2.2 0 0 2.2
12-66 | Lawn and garden equip., ex. tractors 2/.............| 131.6 132.3 131.7 -.1 -.5 0 .6 -.5
14-11-01 | Passenger cars......................................| 130.6 135.0 135.0 -.5 0 1.4 -1.8 .1
15-11 | Toys, games, and children's vehicles................| 122.2 122.2 122.1 .6 -.1 .4 .1 -.1
15-12 | Sporting and athletic goods 2/......................| 126.1 126.0 125.5 -.4 -.4 -.5 .1 -.4
15-2 | Tobacco products 2/.................................| 393.4 403.8 403.9 2.3 0 0 .3 0
15-5 | Mobile homes 2/.....................................| 161.5 162.1 162.3 1.4 .1 0 0 .1
15-94-02 | Jewelry, platinum, & karat gold 2/..................| 127.4 127.2 127.3 .3 .1 -.1 0 .1
15-94-04 | Costume jewelry and novelties 2/....................| 142.3 142.0 142.3 1.4 .2 0 .8 .2
| |
| CAPITAL EQUIPMENT.....................................| 138.6 139.8 139.8 1.1 0 .2 0 0
| |
11-1 | Agricultural machinery and equipment 2/.............| 153.5 153.0 153.1 .2 .1 .1 .1 .1
11-2 | Construction machinery and equipment................| 148.7 148.9 149.0 .9 .1 .2 .1 .1
11-37 | Metal cutting machine tools 2/......................| 162.1 162.4 162.3 .9 -.1 .1 .2 -.1
11-38 | Metal forming machine tools 2/......................| 162.2 163.0 163.0 1.9 0 .6 -.2 0
11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 141.1 141.1 141.3 .6 .1 0 0 .1
11-41 | Pumps, compressors, and equipment...................| 154.7 155.0 154.8 1.9 -.1 .1 .4 0
11-44 | Industrial material handling equipment 2/...........| 135.0 135.3 135.4 1.6 .1 .1 .1 .1
11-51 | Electronic computers (Dec. 1998=100) 2/.............| 72.7 70.3 70.1 -13.9 -.3 -.3 -.7 -.3
11-62 | Textile machinery 2/................................| 156.6 156.5 156.6 1.3 .1 -.1 .1 .1
11-64 | Paper industries machinery (June 1982=100)..........| 165.1 164.8 164.8 1.0 0 -.1 .1 -.2
11-65 | Printing trades machinery 2/........................| 141.7 143.2 143.2 1.4 0 .1 .5 0
11-74 | Transformers and power regulators 2/................| 136.5 136.1 134.5 0 -1.2 -.6 .7 -1.2
11-76 | Communication & related equip. (Dec. 1985=100)......| 110.5 110.6 110.5 -.7 -.1 -.1 -.1 -.1
11-79-05 | X-ray and electromedical equipment 2/...............| 102.7 102.3 101.4 -1.8 -.9 -.1 .2 -.9
11-91 | Oil field and gas field machinery ..................| 128.0 129.6 129.6 2.4 0 .1 .9 -.1
11-92 | Mining machinery and equipment 2/...................| 146.3 146.5 146.5 1.5 0 .2 -.1 0
11-93 | Office and store machines and equipment 2/..........| 113.2 113.8 113.4 .7 -.4 .5 0 -.4
12-2 | Commercial furniture 2/.............................| 158.4 158.5 158.7 1.0 .1 .1 -.1 .1
14-11-05 | Light motor trucks..................................| 155.1 161.5 160.0 .3 -.9 1.5 -1.2 -.1
14-11-06 | Heavy motor trucks 2/...............................| 148.2 148.8 148.6 .8 -.1 -.3 .3 -.1
14-14 | Truck trailers 2/...................................| 140.0 140.5 140.6 2.3 .1 -.1 0 .1
14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 160.0 163.0 163.6 6.8 .4 .1 1.4 .2
14-31 | Ships (Dec. 1985=100) 2/............................| 146.5 146.5 146.5 .5 0 0 0 0
14-4 | Railroad equipment 2/...............................| 135.8 135.9 135.8 .4 -.1 0 .1 -.1
| |
|INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 130.3 130.8 130.5 4.2 -.2 .7 .2 -.2
| |
| INTERMEDIATE FOODS AND FEEDS..........................| 112.7 111.6 111.6 0 0 1.1 .6 0
| |
02-12-03 | Flour 2/............................................| 102.7 108.6 107.2 3.2 -1.3 .5 4.8 -1.3
02-53 | Refined sugar 2/....................................| 111.4 105.0 106.0 -11.0 1.0 -4.9 .7 1.0
02-54 | Confectionery materials.............................| 93.9 93.9 93.3 -.6 -.6 -.3 2.3 -.4
02-72 | Crude vegetable oils 2/.............................| 72.7 71.7 65.9 -16.5 -8.1 10.9 -3.5 -8.1
02-9 | Prepared animal feeds 2/............................| 103.3 103.0 103.5 3.9 .5 3.2 .7 .5
| |
| INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 131.2 131.8 131.5 4.4 -.2 .7 .2 -.2
| |
03-1 | Synthetic fibers 2/.................................| 107.3 108.3 110.5 6.9 2.0 .2 .3 2.0
03-2 | Processed yarns and threads 2/......................| 108.0 107.8 108.1 .3 .3 -.4 .2 .3
03-3 | Gray fabrics 2/.....................................| 112.8 113.1 114.8 2.1 1.5 -.4 0 1.5
03-4 | Finished fabrics....................................| 123.0 123.0 122.7 .7 -.2 0 -.1 0
03-83-03 | Industrial textile products 2/......................| 131.3 131.9 131.8 1.6 -.1 .2 .1 -.1
04-2 | Leather.............................................| 179.2 184.8 184.6 3.8 -.1 1.0 -.7 -.4
05-32 | Liquefied petroleum gas 2/..........................| 134.5 146.2 150.4 45.5 2.9 .1 11.7 2.9
____________________________________________________________________________________________________________________________________
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 | | |Nov. 2000 from:|
code | Grouping |_______________________|_______________|________________________
| | | | | | | | |
| |July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept.to|Oct. to
| |2000 1/|2000 1/|2000 1/| 1999 | 2000 | Sept.| Oct. | Nov.
___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________
| |
| INTERMEDIATE MATERIALS LESS FOODS AND FEEDS |
| -Continued..........................................|
05-42 | Commercial electric power...........................| 138.3 134.0 130.0 2.9 -3.0 -0.3 1.2 -0.5
05-43 | Industrial electric power...........................| 136.2 133.8 130.8 2.6 -2.2 -.2 .7 .5
05-52 | Commercial natural gas (Dec. 1990=100)..............| 137.0 153.0 158.0 32.9 3.3 4.7 5.5 -1.2
05-53 | Industrial natural gas (Dec. 1990=100)..............| 140.5 161.5 164.8 42.1 2.0 3.1 7.9 -2.6
05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 125.9 134.9 146.3 51.0 8.5 2.5 8.4 -2.8
05-72-03 | Jet fuels...........................................| 83.4 103.8 104.7 59.6 .9 16.6 -2.2 -.3
05-73-03 | No. 2 Diesel fuel...................................| 89.5 109.2 110.5 53.7 1.2 14.8 -2.6 1.9
05-74 | Residual fuel 2/....................................| 91.9 98.9 95.6 42.3 -3.3 .3 10.8 -3.3
06-1 | Industrial chemicals 2/.............................| 132.7 130.4 129.6 5.5 -.6 -.4 -.2 -.6
06-21 | Prepared paint......................................| 161.0 161.8 162.4 3.1 .4 .3 .3 .3
06-22 | Paint materials 2/..................................| 148.8 147.1 148.9 3.3 1.2 .8 -1.3 1.2
06-31 | Medicinal and botanical chemicals 2/................| 146.2 145.8 145.8 1.3 0 -.4 .1 0
06-4 | Fats and oils, inedible 2/..........................| 66.3 65.3 63.4 -35.2 -2.9 .2 3.0 -2.9
06-51 | Mixed fertilizers...................................| 112.4 112.7 112.3 .8 -.4 1.0 .3 0
06-52-01 | Nitrogenates........................................| 120.4 130.8 134.2 38.6 2.6 1.6 2.8 2.2
06-52-02 | Phosphates 2/.......................................| 91.4 96.3 95.3 -9.6 -1.0 -3.8 1.6 -1.0
06-53 | Other agricultural chemicals 2/.....................| 146.4 146.6 144.9 .5 -1.2 .3 -.1 -1.2
06-6 | Plastic resins and materials 2/.....................| 146.4 142.1 140.4 3.4 -1.2 -2.8 0 -1.2
07-11-02 | Synthetic rubber 2/.................................| 118.4 121.3 122.6 6.6 1.1 1.7 -1.4 1.1
07-21 | Plastic construction products ......................| 138.7 135.0 135.0 2.3 0 -1.2 -.7 -.1
07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 132.1 131.5 130.9 .5 -.5 .4 -.8 -.5
07-26 | Plastic parts and components for manufacturing 2/...| 117.2 117.7 117.7 .5 0 -.1 .1 0
08-11 | Softwood lumber 2/..................................| 174.4 167.4 165.1 -13.3 -1.4 -1.2 -.3 -1.4
08-12 | Hardwood lumber ....................................| 186.6 187.4 187.1 3.4 -.2 .2 .6 -.2
08-2 | Millwork 2/.........................................| 176.9 176.3 176.2 .4 -.1 0 -.1 -.1
08-3 | Plywood 2/..........................................| 154.0 158.0 152.6 -4.3 -3.4 2.4 1.0 -3.4
09-11 | Woodpulp 2/.........................................| 148.5 151.1 153.6 19.9 1.7 .7 1.2 1.7
09-13 | Paper 2/............................................| 150.7 151.9 152.1 5.1 .1 0 .5 .1
09-14 | Paperboard 2/.......................................| 180.9 179.5 180.1 11.0 .3 -.3 -.3 .3
09-15-03 | Paper boxes and containers 2/.......................| 174.9 175.8 175.7 6.9 -.1 .3 .2 -.1
09-2 | Building paper and board 2/.........................| 137.9 131.5 131.2 -7.1 -.2 -.9 -.8 -.2
09-37 | Commercial printing (June 1982=100) 2/..............| 156.0 156.7 157.0 2.8 .2 .1 .3 .2
10-15 | Foundry and forge shop products.....................| 136.6 136.9 136.9 1.4 0 -.1 .3 .1
10-17 | Steel mill products 2/..............................| 109.9 108.3 106.6 1.1 -1.6 -.4 0 -1.6
10-22 | Primary nonferrous metals 2/........................| 112.9 116.4 110.8 1.0 -4.8 3.2 -2.6 -4.8
10-25-01 | Aluminum mill shapes 2/.............................| 148.6 150.7 149.1 4.5 -1.1 .9 .1 -1.1
10-25-02 | Copper and brass mill shapes 2/.....................| 159.9 168.5 164.3 3.9 -2.5 2.5 1.0 -2.5
10-26 | Nonferrous wire and cable 2/........................| 143.7 145.8 146.1 5.4 .2 1.7 .1 .2
10-3 | Metal containers 2/.................................| 107.3 107.3 106.2 -.3 -1.0 0 0 -1.0
10-4 | Hardware............................................| 151.3 151.8 151.7 1.3 -.1 .6 -.3 .1
10-5 | Plumbing fixtures and brass fittings................| 181.6 180.7 180.1 1.5 -.3 -.2 -.2 -.3
10-6 | Heating equipment...................................| 156.0 156.0 156.2 1.3 .1 .1 0 .3
10-7 | Fabricated structural metal products................| 144.5 144.9 144.8 .3 -.1 .2 .1 0
10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 129.8 130.6 130.3 -.1 -.2 .2 .5 -.2
10-89 | Other misc. metal products 2/.......................| 126.0 125.9 125.9 .2 0 0 -.1 0
11-45 | Mechanical power transmission equipment.............| 163.9 164.0 164.3 1.6 .2 .1 0 .2
11-48 | Air conditioning and refrigeration equipment........| 135.6 135.0 135.0 .4 0 -.1 -.2 0
11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 162.1 163.0 163.3 1.8 .2 0 .4 .2
11-49-05 | Ball and roller bearings............................| 169.1 169.8 169.8 1.7 0 -.1 .4 .1
11-71 | Wiring devices......................................| 153.4 152.4 153.1 0 .5 -.1 -.3 .5
11-73 | Motors, generators, motor generator sets............| 146.2 146.3 146.5 .6 .1 .3 -.1 .1
11-75 | Switchgear, switchboard, etc., equipment............| 152.8 153.1 153.1 .7 0 .7 .2 -.4
11-78 | Electronic components and accessories 2/............| 97.7 97.3 97.0 -1.2 -.3 .5 -.8 -.3
11-94 | Internal combustion engines.........................| 144.3 143.9 144.2 .8 .2 .1 .1 .2
11-95 | Machine shop products 2/............................| 138.0 137.8 138.8 1.3 .7 0 -.1 .7
13-11 | Flat glass 2/.......................................| 110.7 111.4 111.1 4.4 -.3 .8 -.6 -.3
13-22 | Cement..............................................| 150.8 150.0 149.9 -.7 -.1 0 .4 .3
13-3 | Concrete products...................................| 148.0 149.2 149.1 3.2 -.1 1.1 -.2 0
13-6 | Asphalt felts and coatings 2/.......................| 106.3 105.6 104.9 4.4 -.7 -2.2 1.2 -.7
13-7 | Gypsum products 2/..................................| 200.9 176.6 170.3 -23.7 -3.6 -3.5 -6.2 -3.6
13-8 | Glass containers 2/.................................| 127.5 127.5 127.4 1.4 -.1 0 0 -.1
14-12 | Motor vehicle parts 2/..............................| 113.5 113.0 113.0 -.8 0 .1 -.1 0
14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 141.1 140.8 141.6 2.2 .6 .5 -.1 .1
14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 146.3 145.2 145.2 1.2 0 .1 .1 0
15-42 | Photographic supplies 2/............................| 124.7 125.8 126.4 -1.3 .5 1.7 -.7 .5
15-6 | Medical/surgical/personal aid devices...............| 145.8 146.6 146.6 1.1 0 .1 -.1 .1
| |
| CRUDE MATERIALS FOR FURTHER PROCESSING................| 122.7 128.3 125.5 14.9 -2.2 5.3 3.4 -2.0
| |
| CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 99.3 99.5 100.5 1.0 1.0 3.9 3.5 1.3
| |
01-21 | Wheat 2/............................................| 79.7 85.2 87.0 7.0 2.1 6.3 9.7 2.1
01-22-02-05| Corn 2/.............................................| 65.3 71.9 78.3 5.2 8.9 6.2 9.8 8.9
01-31 | Slaughter cattle 2/.................................| 102.2 100.2 105.8 4.1 5.6 -2.0 3.0 5.6
01-32 | Slaughter hogs......................................| 82.1 70.9 60.9 10.3 -14.1 12.7 5.4 -9.6
01-41-02 | Slaughter broilers/fryers...........................| 129.7 131.0 135.1 -3.2 3.1 16.9 8.3 -.1
01-42 | Slaughter turkeys...................................| 121.6 137.3 140.5 1.3 2.3 2.3 -2.4 .7
01-6 | Fluid milk..........................................| 94.5 93.8 90.7 -13.3 -3.3 .3 -5.4 -2.3
01-83-01-31| Soybeans 2/.........................................| 80.8 79.4 79.1 .6 -.4 6.4 -4.1 -.4
02-52-01-01| Cane sugar,raw 2/...................................| 97.0 111.3 113.8 13.6 2.2 5.4 11.5 2.2
| |
| CRUDE NONFOOD MATERIALS..............................| 134.4 143.5 138.2 23.5 -3.7 6.0 3.3 -3.6
| |
01-51-01-01| Raw cotton..........................................| 87.7 103.0 102.8 28.0 -.2 2.7 3.5 1.9
01-92-01-01| Leaf tobacco 2/.....................................| (3) 106.4 104.3 -2.8 -2.0 10.3 -.6 -2.0
04-11 | Cattle hides 2/.....................................| 171.0 191.4 184.1 28.7 -3.8 .7 8.1 -3.8
05-1 | Coal 2/.............................................| 89.4 86.4 85.4 -4.3 -1.2 .9 -.2 -1.2
05-31 | Natural gas 2/......................................| 170.5 193.3 171.9 41.5 -11.1 9.0 12.3 -11.1
05-61 | Crude petroleum 2/..................................| 83.3 91.4 97.9 46.8 7.1 9.1 -5.0 7.1
08-5 | Logs, timber, etc...................................| 194.9 186.8 185.9 -9.6 -.5 -.7 .3 -.5
09-12 | Wastepaper 2/.......................................| 313.3 227.7 215.9 -8.0 -5.2 -8.7 -5.0 -5.2
10-11 | Iron ore 2/.........................................| 94.9 94.9 94.9 .1 0 -2.2 2.3 0
10-12 | Iron and steel scrap 2/.............................| 135.6 128.3 117.8 -23.9 -8.2 .7 -6.6 -8.2
10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 68.0 69.2 66.5 -.6 -3.9 2.1 1.6 -3.9
10-23-01 | Copper base scrap 2/................................| 122.3 129.3 125.1 9.4 -3.2 -.2 .3 -3.2
10-23-02 | Aluminum base scrap.................................| 174.5 172.4 165.7 -4.9 -3.9 1.2 -1.3 -4.4
13-21 | Construction sand, gravel, and crushed stone........| 163.9 164.5 164.7 3.8 .1 .5 .1 .3
____________________________________________________________________________________________________________________________________
1/ The indexes for July 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 | July 2000 | Oct. 2000 | Nov. 2000 |
_________|________________________________________________|___________|___________|___________|
| | | | |
| Finished Goods (1967=100)......................| 388.9 | 392.8 | 392.7 |
| All commodities................................| 133.7 | 135.1 | 134.6 |
| | | | |
| | | | |
| MAJOR COMMODITY GROUPS | | | |
| | | | |
| Farm products and processed foods and feeds....| 121.9 | 122.2 | 122.6 |
01 | Farm products................................| 97.3 | 100.2 | 101.4 |
02 | Processed foods and feeds....................| 134.1 | 133.0 | 133.1 |
| | | | |
| Industrial commodities.........................| 135.9 | 137.5 | 136.9 |
03 | Textile products and apparel.................| 121.6 | 121.5 | 121.9 |
04 | Hides, skins, leather, and related products..| 151.0 | 155.1 | 154.1 |
05 | Fuels and related products and power 2/......| 107.1 | 112.6 | 110.9 |
06 | Chemicals and allied products 2/.............| 152.6 | 152.3 | 151.6 |
07 | Rubber and plastic products..................| 125.8 | 125.6 | 126.0 |
08 | Lumber and wood products.....................| 177.0 | 174.3 | 172.9 |
09 | Pulp, paper, and allied products.............| 185.1 | 184.6 | 184.9 |
10 | Metals and metal products....................| 128.0 | 128.2 | 126.8 |
11 | Machinery and equipment......................| 124.2 | 124.1 | 124.1 |
12 | Furniture and household durables.............| 132.7 | 132.8 | 132.9 |
13 | Nonmetallic mineral products.................| 142.9 | 142.5 | 142.2 |
14 | Transportation equipment.....................| 143.1 | 145.1 | 145.1 |
15 | Miscellaneous products.......................| 170.5 | 172.4 | 172.9 |
| | | | |
| Industrial commodities less fuels and related | | | |
| products and power...........................| 142.7 | 143.0 | 142.8 |
| | | | |
| | | | |
| OTHER COMMODITY GROUPINGS | | | |
| | | | |
01-1 | Fruits and melons, fresh and dry vegetables, | | | |
| and tree nuts................................| 104.1 | 120.5 | 120.3 |
01-2 | Grains.........................................| 71.0 | 76.3 | 81.2 |
01-3 | Slaughter livestock............................| 97.9 | 93.1 | 94.3 |
01-4 | Slaughter poultry..............................| 126.5 | 130.8 | 134.7 |
01-5 | Plant and animal fibers........................| 86.9 | 101.4 | 101.2 |
01-7 | Chicken eggs...................................| 80.9 | 109.1 | 112.1 |
01-8 | Hay, hayseeds, and oilseeds....................| 102.4 | 103.4 | 103.4 |
01-83 | Oilseeds.......................................| 90.8 | 90.1 | 89.9 |
01-9 | Other farm products............................| 'N.A.' | 158.7 | 155.6 |
02-1 | Cereal and bakery products.....................| 158.3 | 159.6 | 159.9 |
02-2 | Meats, poultry, and fish.......................| 123.5 | 120.0 | 119.8 |
02-22 | Processed poultry..............................| 111.8 | 117.2 | 116.8 |
02-5 | Sugar and confectionery........................| 132.7 | 132.4 | 132.4 |
02-6 | Beverages and beverage materials...............| 143.5 | 143.6 | 143.1 |
02-63 | Packaged beverage materials....................| 131.4 | 129.3 | 125.8 |
02-7 | Fats and oils..................................| 109.1 | 108.3 | 107.7 |
03-81 | Apparel........................................| 127.6 | 127.1 | 127.2 |
04-4 | Other leather and related products.............| 146.0 | 146.1 | 146.2 |
05-3 | Gas fuels 2/...................................| 159.0 | 178.6 | 164.1 |
05-4 | Electric power.................................| 135.9 | 133.3 | 129.5 |
05-7 | Refined petroleum products.....................| 93.1 | 99.1 | 100.3 |
06-3 | Drugs and pharmaceuticals......................| 257.5 | 260.8 | 258.1 |
06-5 | Agricultural chemicals and products............| 123.4 | 127.4 | 127.1 |
06-7 | Other chemicals and allied products............| 136.9 | 137.8 | 138.3 |
07-1 | Rubber and rubber products.....................| 115.5 | 115.7 | 116.2 |
07-11 | Rubber, except natural rubber..................| 117.8 | 120.7 | 121.9 |
07-13 | Miscellaneous rubber products..................| 139.1 | 139.2 | 139.4 |
07-2 | Plastic products...............................| 133.8 | 133.4 | 133.8 |
08-1 | Lumber.........................................| 176.1 | 171.5 | 169.9 |
09-1 | Pulp, paper, and products, excluding building | | | |
| paper and board..............................| 163.8 | 162.3 | 161.9 |
09-15 | Converted paper and paperboard products........| 164.0 | 164.7 | 164.3 |
10-1 | Iron and steel.................................| 117.1 | 115.3 | 113.2 |
10-2 | Nonferrous metals..............................| 127.4 | 129.6 | 126.9 |
10-25 | Nonferrous mill shapes.........................| 142.8 | 145.9 | 143.8 |
11-3 | Metalworking machinery and equipment...........| 149.7 | 149.9 | 150.0 |
11-4 | General purpose machinery and equipment........| 151.0 | 151.1 | 151.2 |
11-6 | Special industry machinery.....................| 163.1 | 163.3 | 163.6 |
11-7 | Electrical machinery and equipment.............| 119.0 | 118.9 | 118.6 |
11-9 | Miscellaneous machinery and equipment..........| 134.4 | 134.6 | 134.9 |
12-6 | Other household durable goods..................| 155.5 | 156.2 | 156.3 |
13-2 | Concrete ingredients...........................| 156.3 | 156.4 | 156.5 |
14-1 | Motor vehicles and equipment...................| 131.0 | 133.7 | 133.4 |
15-1 | Toys, sporting goods, small arms, etc..........| 132.6 | 132.6 | 132.2 |
15-4 | Photographic equipment and supplies............| 109.1 | 109.0 | 109.3 |
15-9 | Other miscellaneous products...................| 136.8 | 136.9 | 137.5 |
__________________________________________________________|___________|___________|___________|
1/ Data for July 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_Nov._2000_from:
code | |base | | | | |
| | |July |Oct. |Nov. | Nov. | Oct.
| | |2000 2/|2000 2/|2000 2/| 1999 | 2000
__________________|______________________________________________|_____|_______|_______|_______|________|_________
| | |
|Total mining industries...................... |12/84| 118.1 128.7 124.6 31.0 -3.2
10 | Metal mining................................ |12/84| 73.9 74.7 72.5 -1.2 -2.9
12 | Coal mining................................. |12/85| 85.6 83.9 83.1 -3.5 -1.0
13 | Oil and gas extraction...................... |12/85| 132.8 147.3 142.3 40.1 -3.4
14 | Mining and quarrying of non-metallic | |
| minerals, except fuels..................... |12/84| 137.6 138.1 138.1 2.8 0
| | |
|Total manufacturing industries............... |12/84| 133.9 134.8 134.9 3.5 .1
20 | Food and kindred products................... |12/84| 129.4 128.6 128.8 1.3 .2
21 | Tobacco manufactures........................ |12/84| 342.3 351.6 351.6 2.1 0
22 | Textile mill products....................... |12/84| 116.7 116.6 117.0 .9 .3
23 | Apparel and other finished products made | |
| from fabrics and similar materials......... |12/84| 125.9 125.9 125.9 .4 0
24 | Lumber and wood products, except furniture.. |12/84| 157.6 155.3 154.3 -3.3 -.6
25 | Furniture and fixtures...................... |12/84| 143.5 143.6 143.8 1.3 .1
26 | Paper and allied products................... |12/84| 147.3 147.6 147.3 5.1 -.2
27 | Printing, publishing, and allied industries. |12/84| 183.2 184.0 184.8 3.2 .4
28 | Chemicals and allied products............... |12/84| 157.4 159.3 158.5 3.6 -.5
29 | Petroleum refining and related products..... |12/84| 115.7 121.3 122.5 36.9 1.0
30 | Rubber and miscellaneous plastic products... |12/84| 125.0 124.6 124.8 1.2 .2
31 | Leather and leather products................ |12/84| 137.5 138.2 138.2 .9 0
32 | Stone, clay, glass, and concrete products... |12/84| 134.8 134.4 134.1 .3 -.2
33 | Primary metal industries.................... |12/84| 120.3 120.4 119.2 1.8 -1.0
34 | Fabricated metal products, except machinery | |
| and transportation equipment............... |12/84| 130.3 130.5 130.5 .7 0
35 | Machinery, except electrical................ |12/84| 117.6 117.6 117.7 .5 .1
36 | Electrical and electronic machinery, | |
| equipment, and supplies.................... |12/84| 108.5 108.1 107.8 -1.2 -.3
37 | Transportation equipment.................... |12/84| 136.1 138.4 138.2 1.5 -.1
38 | Measuring and controlling instruments; | |
| photographic, medical, optical goods; | |
| watches, clocks............................ |12/84| 126.2 126.4 126.3 .8 -.1
39 | Miscellaneous manufacturing industries...... |12/85| 130.9 131.0 131.2 .8 .2
| | |
|Services industries | |
40 | Railroad transportation..................... |12/96| 102.6 103.3 103.1 1.5 -.2
42 | Motor freight transportation and warehousing |06/93| 118.9 121.4 121.6 5.3 .2
43 | United states postal service................ |06/89| 135.2 135.2 135.2 0 0
44 | Water transportation........................ |12/92| 125.2 126.5 127.8 9.5 1.0
45 | Transportation by air....................... |12/92| 147.6 151.2 153.1 14.8 1.3
46 | Pipe lines, except natural gas.............. |12/86| 102.5 102.7 102.7 4.6 0
54 | Food stores................................. |12/99| 105.2 103.7 104.3 (3) .6
80 | Health services............................. |12/94| 113.1 113.3 113.8 2.9 .4
81 | Legal services.............................. |12/96| 112.3 112.7 112.9 3.1 .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 July 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 | | | | | |
| June | July | Aug. | Sep. | Oct. | Nov.
| 2000 | 2000 | 2000 | 2000 | 2000 | 2000
_______________________________________________________|________|________|________|________|________|________
|
Finished goods...................................| 138.3 138.4 137.8 139.0 139.5 139.7
Finished consumer goods........................| 138.7 138.6 137.9 139.4 140.1 140.3
Finished consumer foods......................| 137.5 137.3 136.2 136.7 137.8 138.1
Crude......................................| 119.1 117.2 117.8 123.0 133.0 133.0
Processed..................................| 139.0 139.0 137.6 137.8 138.2 138.5
Finished consumer goods, excluding foods.....| 139.0 139.0 138.5 140.3 140.9 141.0
Nondurable goods less foods................| 139.5 139.5 138.8 141.1 142.1 142.3
Durable goods..............................| 133.9 133.9 133.9 134.5 133.9 133.9
Capital equipment..............................| 138.7 138.9 139.0 139.3 139.3 139.3
Manufacturing industries.....................| 139.5 139.6 139.6 139.7 139.8 139.9
Nonmanufacturing industries..................| 138.4 138.7 138.7 139.1 139.0 139.0
|
Intermediate materials, supplies, and components.| 129.4 129.9 129.4 130.3 130.6 130.4
Materials and components for manufacturing.....| 128.6 128.9 128.6 128.5 128.5 128.2
Materials for food manufacturing.............| 120.4 120.2 118.3 118.6 119.1 118.8
Materials for nondurable manufacturing.......| 133.6 134.5 134.3 133.6 133.8 133.7
Materials for durable manufacturing..........| 129.3 129.4 129.1 129.5 129.2 127.8
Components for manufacturing.................| 126.2 126.4 126.2 126.4 126.3 126.3
Materials and components for construction......| 151.1 150.7 150.2 150.3 150.2 149.9
Processed fuels and lubricants.................| 101.7 103.1 102.3 106.5 107.7 107.8
Manufacturing industries ....................| 100.4 102.2 102.0 103.9 106.0 105.9
Nonmanufacturing industries..................| 102.0 103.2 102.1 107.6 108.4 108.4
Containers.....................................| 153.3 153.3 153.2 153.5 153.3 153.1
Supplies.......................................| 137.1 137.4 136.9 137.4 137.6 137.6
Manufacturing industries.....................| 143.4 144.0 144.0 144.2 144.3 144.6
Nonmanufacturing industries..................| 134.3 134.5 133.9 134.5 134.7 134.7
Feeds......................................| 97.1 95.1 90.2 93.6 94.5 95.2
Other supplies.............................| 138.9 139.3 139.2 139.4 139.6 139.5
|
Crude materials for further processing...........| 124.8 121.8 118.1 124.4 128.6 126.0
Foodstuffs and feedstuffs......................| 100.3 97.4 93.0 96.6 100.0 101.3
Nonfood materials..............................| 137.2 134.3 131.1 139.0 143.6 138.4
Nonfood materials except fuel 2/.............| 121.5 116.2 118.6 124.0 120.5 123.4
Manufacturing 2/...........................| 111.9 107.0 109.4 114.5 111.2 114.0
Construction...............................| 195.6 192.4 185.7 184.1 184.6 183.5
Crude fuel 3/................................| 147.8 148.3 137.8 148.5 163.7 147.9
Manufacturing industries...................| 147.7 148.0 138.5 149.0 164.7 148.8
Nonmanufacturing industries................| 150.5 150.9 140.2 151.0 166.5 150.4
|
Special groupings |
|
Finished goods, excluding foods..................| 138.5 138.6 138.2 139.6 140.0 140.1
Intermediate materials less foods and feeds......| 130.4 130.9 130.5 131.4 131.6 131.4
Intermediate foods and feeds.....................| 113.3 112.5 109.7 110.9 111.6 111.6
Crude materials less agricultural products 2/....| 139.2 136.2 132.7 140.7 145.4 140.0
|
Finished energy goods............................| 95.8 95.6 94.3 97.8 99.2 99.6
Finished goods less energy.......................| 144.9 144.9 144.7 145.1 145.4 145.5
Finished consumer goods less energy..............| 147.4 147.4 147.0 147.6 148.0 148.1
|
Finished goods less foods and energy.............| 147.8 147.9 148.0 148.5 148.4 148.4
Finished consumer goods less foods and energy....| 153.8 153.9 154.0 154.6 154.6 154.5
Consumer nondurable goods less foods and energy..| 169.4 169.6 169.9 170.4 170.9 170.8
|
Intermediate energy goods........................| 101.4 102.8 102.0 106.2 107.4 107.4
Intermediate materials less energy...............| 135.5 135.7 135.3 135.4 135.4 135.2
Intermediate materials less foods and energy.....| 136.9 137.2 137.0 137.0 137.0 136.8
|
Crude energy materials 2/........................| 130.6 127.6 124.2 134.3 140.5 134.8
Crude materials less energy......................| 112.0 109.3 105.6 108.3 110.6 110.7
Crude nonfood materials less energy 3/...........| 146.3 143.9 141.9 142.3 141.5 138.3
_____________________________________________________________________________________________________________
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 July 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.
More than 10,000 PPIs for individual products and groups of
products are released each month. PPIs are available for the
products of virtually every industry in the mining and
manufacturing sectors 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.
More than 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:
PPI Detailed
Industry SIC Report Issue
Wireless Telecommunications 4812 July 1999
Telephone Communications, Except
Radio Telephone 4813 July 1995
Grocery Stores 5411 July 2000
Meat and Fish (Seafood) Markets, 5421 July 2000
Fruit and Vegetable Markets 5431 July 2000
Candy, Nut, and Confectionery Stores 5441 July 2000
Retail Bakeries 5461 July 2000
Miscellaneous Food Stores 5499 July 2000
New Car Dealers 5511 July 2000
Life Insurance Carriers 6311 January 1999
Property and Casualty Insurance 6331 July 1998
Operators and Lessors of
Nonresidential Buildings 6512 January 1996
Real Estate Agents and Managers 6531 January 1996
Prepackaged Software 7372 January 1998
Home Health Care Services 8082 January 1997
Legal Services 8111 January 1997
Engineering, Design, Analysis,
and Consulting Services 8711 January 1997
Architectural, Design, Analysis,
and Consulting Services 8712 January 1997
Premiums for Property and Casualty
Insurance 9331 July 1998
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-of-
processing 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 107.5
Less previous index 104.0
Equals index point change 3.5
Index percent change
Index point change 3.5
Divided by the previous index 104.0
Equals 0.034
Result multiplied by 100 0.034 x 100
Equals percent change 3.4
Because price data are used for different purposes by different
groups, the Bureau of Labor Statistics publishes seasonally adjusted
and 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 that can be related to actual dollar values of
transactions. Individuals requiring this information include
marketing specialists, purchasing agents, budget and cost
analysts, contract specialists, and commodity traders. It is
the unadjusted data that are generally cited 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.
|
