FOR DATA ONLY: (202) 691-5200 USDL 01-466 FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN (202) 691-7705 THIS RELEASE IS EMBARGOED MEDIA CONTACT: (202) 691-5902 UNTIL 8:30 A.M. (E.S.T.), THURSDAY, http://www.bls.gov/ppi DECEMBER 13, 2001 Producer Price Indexes -- November 2001 The Producer Price Index for Finished Goods decreased 0.6 percent in November, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decline followed a 1.6-percent drop in October and a 0.4-percent gain in September. November prices for finished goods other than foods and energy rose 0.2 percent, after posting a 0.5-percent decrease in October. At the earlier stages of processing, prices received by intermediate goods manufacturers fell 0.5 percent, following a 1.5-percent decline in the previous month. The crude goods index advanced 7.3 percent in November, after dropping 9.1 percent a month earlier. (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 | |--------------------------------------------------------------------------------------| 2000 Nov. 0.1 0.2 0.5 0.1 3.8 -0.2 -1.3 Dec. .1 -.3 .8 .1 3.6 .4 9.3 2001 Jan. 1.1 .9 4.4 .5 4.8 .8 17.5 Feb. .1 .8 .4 -.3 4.0 -.2 -14.5 Mar. -.1 .9 -2.4 .1 3.0 -.3 -6.7 Apr. .5 .6 1.1 .3 3.7 -.1 .5 May .1 -.2 .4 .2 3.9 .1 -2.2 June -.4 -.2 -2.5 .1 2.6 -.2 -8.1 July r -1.2 r -.4 r -7.6 .1 r 1.4 r -1.2 r -5.4 Aug. r .5 r .7 r 2.6 -.1 2.1 r -.2 r -.4 Sept. .4 .2 .9 .3 1.6 .1 -4.1 Oct. -1.6 -.4 -7.7 -.5 -.4 -1.5 -9.1 Nov. -.6 -.8 -3.8 .2 -1.1 -.5 7.3 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for July 2001 have been revised to reflect the availability of late reports and corrections by respondents. -2- Among finished goods in November, the index for finished energy goods fell 3.8 percent, following a 7.7-percent decrease in October. Also contributing to the slower rate of decline in finished goods prices, the index for finished consumer goods other than foods and energy increased 0.3 percent in November, following a 0.4-percent decrease in the prior month, and capital equipment prices edged up 0.1 percent, after registering a 0.7- percent drop a month earlier. On the other hand, the index for finished consumer foods fell at a 0.8-percent pace in November, following a 0.4- percent rate of decline in October. For the first 11 months of 2001, the Producer Price Index for Finished Goods decreased at a 1.3-percent seasonally adjusted annual rate (SAAR), after rising 3.6 percent in 2000. Prices for finished goods other than foods and energy advanced at a 1.0-percent SAAR for the first 11 months of 2001, after posting a 1.3-percent gain for the previous calendar year. The index for intermediate goods fell at a 3.4-percent SAAR from December 2000 to November 2001, following a 4.1-percent increase during 2000. Prices for crude goods declined at a 27.2-percent SAAR during the first 11 months of 2001, after posting a 35.5-percent gain for the prior calendar year. Before seasonal adjustment, the Producer Price Index for Finished Goods dropped 0.9 percent, to stand at 138.4 (1982=100). From November 2000 to November 2001, finished goods prices decreased 1.1 percent. During the same period, the index for finished energy goods fell 13.5 percent. By contrast, prices for finished goods other than foods and energy rose 0.9 percent for the 12 months ended November 2001, and the index for finished consumer foods gained 1.7 percent. At the earlier stages of processing, prices received by producers of intermediate goods declined at a 2.9- percent rate over the previous 12 months, and the crude goods index dropped 18.4 percent for 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.) | |----------------------------------------------------------------------------------| 2000 Nov. 0.2 -0.2 -0.1 4.2 1.2 -2.7 -2.1 17.6 Dec. 1.8 1.4 0 4.1 3.6 15.8 .4 35.5 2001 Jan. 1.4 4.1 .1 4.6 1.6 31.7 0 55.7 Feb. -1.1 -1.7 .1 3.5 -1.3 -23.0 -1.8 28.0 Mar. .4 -2.4 .1 2.3 3.4 -14.0 -1.0 17.1 Apr. -.1 -.1 -.1 2.1 -.5 2.1 -2.4 19.6 May .4 .6 0 2.3 -1.3 -3.2 -.6 13.3 June 1.0 -.6 -.1 1.2 0 -15.8 -1.1 -4.0 July r .7 r -5.3 r -.5 r -.2 r .4 r -12.4 r .8 r -7.3 Aug. r 1.7 r.2 r -.3 -.1 r -.5 r .6 r -2.1 -4.1 Sept. -.4 1.0 -.1 -.8 1.1 -10.7 .2 -14.3 Oct. -.8 -7.6 -.4 -2.4 -2.6 -19.2 -1.7 -25.0 Nov. -1.5 -1.6 -.2 -2.9 -5.9 28.3 -.8 -18.4 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for July 2001 have been revised to reflect the availability of late reports and corrections by respondents. -3- Finished goods Price declines for finished energy goods slowed to 3.8 percent in November, after falling at a 7.7-percent pace a month earlier. The index for gasoline decreased 10.3 percent, following a 21.2-percent drop in October. Prices for residential natural gas, home heating oil, diesel fuel, and liquefied petroleum gas also declined less than they did in the prior month. By contrast, the index for residential electric power moved down 0.3 percent in November, following a 0.5-percent gain in October. Finished lubricant prices turned down, after showing no change in the previous month. The index for finished consumer goods other than foods and energy advanced 0.3 percent in November, following a 0.4-percent decrease in October. Passenger car prices increased 0.9 percent, after registering a 4.7-percent drop a month earlier. The November index for cigarettes rose 1.9 percent, after showing no change in the previous month. Prices for light motor trucks fell less than they did in October, while the textile housefurnishings index increased more than it did in the prior month. Prices for women's apparel turned up in November. By contrast, the index for newspaper circulation declined 0.2 percent, following a 1.2-percent rise in October. Prices for sporting and athletic goods and for cosmetics and other toilet preparations also turned down in November. The book publishing index decreased more than it did in the previous month. The capital equipment index edged up 0.1 percent in November, after posting a 0.7-percent decline in October. Passenger car prices rose 0.9 percent, following a 4.7-percent decrease a month earlier. The indexes for communication and related equipment, plastic working machinery, and pumps and compressors also turned up, after falling in the prior month. November prices for light motor trucks declined less than they did in October. The index for x-ray and electromedical equipment showed no change, after decreasing in the previous month. By contrast, November prices for electronic computers moved down 2.2 percent, following a 0.2-percent gain a month earlier. The commercial furniture index also fell, after increasing in October. Civilian aircraft prices edged down slightly more than they did in the prior month. The index for finished consumer foods declined 0.8 percent in November, following a 0.4-percent decrease in October. Beef and veal prices fell 6.3 percent, after moving down at a 0.6-percent pace in the previous month. The indexes for processed young chickens and eggs for fresh use turned down in November. Dairy product prices fell more than they did in the prior month, while the index for fresh fruits and melons rose less than it did in October. By contrast, prices for fresh and dry vegetables declined 3.2 percent in November, following an 11.4-percent drop a month earlier. The indexes for finfish and shellfish, pork, and soft drinks turned up, after falling in the previous month. Intermediate goods The Producer Price Index for Intermediate, Materials, Supplies, and Components decreased 0.5 percent in November, after falling 1.5 percent in October. Prices for intermediate energy goods also declined less than they did in the previous month. The index for materials and components for construction showed no change, following an October decrease. By contrast, prices for intermediate foods and feeds and nondurable manufacturing materials fell at a faster rate in November than they did in October. The index for durable manufacturing materials declined at a 0.6-percent pace for the second consecutive month. Excluding foods and energy, the intermediate materials index decreased 0.2 percent, following a 0.4-percent decline in October. (See table B.) -4- Prices for intermediate energy goods fell 1.6 percent in November, following a 7.6- percent drop in October. The index for jet fuels decreased 5.0 percent, after falling 21.8 percent in the prior month. Prices for gasoline, diesel fuel, commercial natural gas, liquefied petroleum gas, and natural gas to electric utilities declined at a slower pace in November than they did in October. The indexes for commercial electric power and industrial natural gas turned up, after decreasing in the previous month. On the other hand, prices for industrial electric power advanced 0.5 percent in November, following a 0.7-percent increase in October. The construction materials index showed no change in November, following a 0.3-percent decrease in October. In November, rising prices for gypsum products, asphalt felts and coatings, plumbing fixtures and brass fittings, heating equipment, and cement were offset by decreasing prices for millwork, plastic construction products, wiring devices, softwood lumber, and nonferrous wire and cable. The intermediate foods and feeds index decreased 1.5 percent in November, after falling 0.8 percent in October. Prices for beef and veal declined 6.3 percent, following a 0.6-percent decrease in the previous month. The indexes for natural, processed, and imitation cheese and refined sugar also fell more in November than they did a month earlier. Prices for flour increased at a slower rate than they did in October. The index for dry milk products turned down, after rising in the prior month. By contrast, prices for crude vegetable oils rose 4.2 percent in November, following a 9.7-percent drop in October. The indexes for fluid milk products and prepared animal feeds fell less than they did in the previous month. Prices for confectionery materials advanced at a faster rate than they did in October. The index for pork turned up, after falling a month earlier. The nondurable manufacturing materials index declined 1.0 percent in November, following a 0.9-percent decrease in October. In November, falling prices for primary basic organic chemicals, plastic resins and materials, paper, nitrogenates, paint materials, basic inorganic chemicals, and gray fabrics outweighed rising prices for phosphates and finished fabrics. For the second consecutive month, the index for durable manufacturing materials fell 0.6 percent. In November, decreasing prices for steel mill products, primary aluminum (except extrusion billet), building paper and board, and aluminum mill shapes outweighed rising prices for copper and brass mill shapes, flat glass, and cement. Crude goods The November Producer Price Index for Crude Materials for Further Processing turned up 7.3 percent, following a 9.1-percent decline in October. Prices for crude energy materials also rose in November, after falling in the prior month. The basic industrial materials index decreased at a slower rate than it did a month earlier. Conversely, prices for crude foodstuffs and feedstuffs fell more rapidly than they did in October. (See table B.) The index for crude energy materials advanced 28.3 percent in November, following a 19.2-percent drop in the prior month. The natural gas index surged a record 80.0 percent, after falling 27.5 percent in October. Crude petroleum prices declined at a 7.4-percent pace, following a 19.6-percent decrease in the preceding month. The coal index rose 4.7 percent in November, after posting a 0.5-percent gain in October. Falling prices for basic industrial materials slowed in November, declining 0.8 percent, following a 1.7-percent decrease in the prior month. In November, the indexes for iron and steel scrap, nonferrous metal ores, aluminum base scrap, copper base scrap, and softwood logs, bolts, and timber exhibited declines. These decreases more than offset rising prices for raw cotton, leaf tobacco, hides and skins, wastepaper, and phosphates. -5- Prices for crude foodstuffs and feedstuffs decreased 5.9 percent in November, after falling 2.6 percent in October. The slaughter cattle index dropped 7.1 percent, after declining 3.2 percent a month earlier. Prices for fluid milk and slaughter hogs also fell more in November than they did in October. The indexes for slaughter broilers and fryers and for alfalfa hay turned down, following increases in the preceding month. By contrast, corn prices declined 3.7 percent in November, after registering a 7.8- percent decrease in October. The indexes for soybeans and for fresh and dry vegetables also fell less than they did in the prior month. Prices for unprocessed shellfish turned up, after declining in October. The wheat index increased at a quicker pace in November than it did in the previous month. Net output for price indexes for mining, manufacturing, and services industries Mining. For the month of November, the Producer Price Index for the Net Output of Total Mining Industries rose 18.3 percent, after declining 14.9 percent in October. (Net output price indexes are not seasonally adjusted.) The main contributor to this acceleration was the industry index for crude petroleum, natural gas, and natural gas liquids, which bounced back 29.0 percent, following a 21.6-percent drop in the prior month. Prices received by the bituminous coal and lignite industry advanced more in November than they did in the previous month, while the industry indexes for oil and gas field exploration services and crushed and broken limestone rose, after falling in October. Also adding to the overall acceleration, prices received by the construction sand and gravel industry turned up in November, after showing no change in the preceding month. On the other hand, the index for the gold ores industry fell 3.2 percent in November, following a 1.5-percent advance in October. Prices received by the industries for coal mining services; potash, soda, and borate minerals; and crushed and broken granite also declined in November, after increasing in the prior month. The index for the oil and gas well drilling industry fell faster in November than it did in October. In November, the Producer Price Index for the Net Output of Total Domestic Mining Industries stood at 93.2 (December 1984=100), 27.7 percent below its year-ago level. Manufacturing. Subsequent to a 1.5-percent drop in October, the Producer Price Index for the Net Output of Total Manufacturing Industries fell 0.6 percent in November. Comprising most of this acceleration, the index for the petroleum refining and related products industry group decreased 7.0 percent in November, following an 18.7-percent decline in the previous month. Also contributing to the overall acceleration in manufacturing goods prices, the industry index for tobacco manufactures increased in November, after showing no change in the previous month, and prices received by the lumber and wood products (except furniture) industry group fell less in November than they did in October. Prices received by the measuring and controlling instruments and the machinery (except electrical) industry groups advanced in November, after decreasing in the prior month. By contrast, the transportation equipment industry group index showed no change in November, after rising 0.9 percent in October. Prices received by the food and kindred products and the chemicals and allied products industry groups fell faster in November than they did in the previous month. The industry group index for rubber and miscellaneous plastic products turned down in November, following an increase in October. In November, the Producer Price Index for the Net Output of Total Domestic Manufacturing Industries stood at 132.8 (December 1984=100), 1.6 percent below its year-ago level. Services. Among service industries in November, advancing prices were registered by the industries for operators and lessors of nonresidential buildings, general medical and surgical hospitals, property and casualty insurance, passenger car rental, home health care services, telephone communications (except radiotelephone), trucking (except local), and freight transportation arrangement. By contrast, falling prices were experienced by the industries for offices of physicians, real estate agents and managers, scheduled air transportation, deep sea foreign transportation of freight, hotels and motels, railroads (line-haul operating), prepackaged software, and cable and other pay television services. -6- ***** Producer Price Index data for December 2001 will be released on Friday, January 11, 2002 at 8:30 a.m. (E.S.T.) PPI Weights to be Updated The Bureau of Labor Statistics will soon update the value weights used to calculate Producer Price Indexes to more accurately reflect recent production and marketing patterns. The new weights, which will be introduced in February 2002 with the release of January 2002 index data, will be based on shipment values from the year 1997. These value weights come from the Census of Manufactures, the Census of Mining, the Census of Services, and the Census of Agriculture. PPI weights have been based upon 1992 census shipment values since January 1996. All indexes will be affected by this weight update, including all the industry net output indexes, as well as those calculated from traditional commodity groupings. In addition, weights will be updated from the 1992 to the 1997 census for all stage-of-processing indexes, net output of industry by stage of process indexes, durability of product indexes, and special commodity-grouping indexes. This weight revision will not change the arithmetic reference base, in most cases 1982=100, of the PPI index system. Also with the publication of January data on February 15, 2002, SIC- classified indexes will reflect updated input/output (I/O) ratios based on the 1992 Input-Output Account of the U.S. Department of Commerce's Bureau of Economic Analysis (BEA). These I/O ratios, which represent the proportion of each industry's output consumed outside the industry, will be updated from those reflected in BEA's 1987 Input-Output Account. The commodity grouping indexes will not be affected. It is important to note that the PPI classification system and aggregation structure will not change as a result of the weight revisions discussed above. The weight update, however, will result in significant shifts in the relative importance of various industries and products, and these shifts will impact future aggregate indexes in a manner commensurate with the relative gains and losses in value weights from 1992 to 1997. Relative importances as of December 2001 on the 1992 and 1997 weighting schemes will be available on February 13, 2002. To request this information call the Division of Industrial Prices and Price Indexes, Section of Index Analysis at (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. 2001 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | | July | Oct. | Nov. | Nov. | Oct. |Aug. to|Sept. to | Oct. to | 2000 1/|2001 2/|2001 2/|2001 2/| 2000 | 2001 | Sept. | Oct. | Nov. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 140.5 139.6 138.4 -1.1 -0.9 0.4 -1.6 -0.6 Finished consumer goods........................| 76.120 141.2 139.9 138.4 -1.5 -1.1 .4 -1.9 -.8 Finished consumer foods......................| 22.507 141.4 141.8 140.5 1.7 -.9 .2 -.4 -.8 Crude......................................| 1.549 112.5 122.3 123.7 -8.6 1.1 3.3 -3.0 2.0 Processed..................................| 20.958 143.7 143.3 141.8 2.5 -1.0 0 -.3 -.9 Finished consumer goods, excluding foods.....| 53.624 140.9 139.0 137.3 -2.8 -1.2 .6 -2.5 -.8 Nondurable goods less foods................| 38.191 142.3 139.2 136.8 -3.7 -1.7 .6 -3.0 -1.2 Durable goods..............................| 15.434 133.5 134.4 134.5 -.7 .1 .5 -1.3 .2 Capital equipment..............................| 23.868 139.7 139.8 139.9 0 .1 .1 -.7 .1 Manufacturing industries.....................| 6.278 140.6 140.2 140.3 .3 .1 -.1 -.4 .1 Nonmanufacturing industries..................| 17.590 139.3 139.6 139.7 -.1 .1 .2 -.9 .1 | Intermediate materials, supplies, and components.| 100.000 130.0 127.6 126.7 -2.9 -.7 .1 -1.5 -.5 Materials and components for manufacturing.....| 45.385 127.4 125.9 125.2 -2.2 -.6 -.2 -.5 -.6 Materials for food manufacturing.............| 3.224 126.3 126.1 123.9 4.2 -1.7 -.2 -.7 -1.7 Materials for nondurable manufacturing.......| 15.685 131.4 128.7 127.4 -4.4 -1.0 -.1 -.9 -1.0 Materials for durable manufacturing..........| 9.861 125.4 123.4 122.8 -3.7 -.5 -.2 -.6 -.6 Components for manufacturing.................| 16.616 126.3 125.9 125.9 -.5 0 -.2 .1 0 Materials and components for construction......| 13.216 151.1 150.4 150.3 .1 -.1 -.1 -.3 0 Processed fuels and lubricants.................| 15.634 105.6 97.4 94.7 -12.3 -2.8 1.0 -7.7 -1.6 Manufacturing industries ....................| 5.555 107.9 101.2 99.1 -5.7 -2.1 .6 -4.1 -.9 Nonmanufacturing industries..................| 10.080 103.9 94.9 91.9 -15.9 -3.2 1.3 -9.7 -1.9 Containers.....................................| 3.966 153.5 152.4 152.2 -.5 -.1 -.1 -.4 -.2 Supplies.......................................| 21.799 138.7 138.3 138.3 .2 0 -.1 -.2 0 Manufacturing industries.....................| 5.024 145.6 144.9 144.9 -.2 0 -.1 -.1 0 Nonmanufacturing industries..................| 16.775 135.8 135.5 135.4 .3 -.1 -.1 -.2 0 Feeds......................................| 1.229 96.7 97.5 96.5 1.4 -1.0 -1.0 -1.3 -1.0 Other supplies.............................| 15.546 140.5 140.1 140.2 .3 .1 .1 -.2 .1 | Crude materials for further processing...........| 100.000 113.8 97.7 104.8 -18.4 7.3 -4.1 -9.1 7.3 Foodstuffs and feedstuffs......................| 30.898 109.6 104.7 98.3 -2.1 -6.1 1.1 -2.6 -5.9 Nonfood materials..............................| 69.102 112.6 89.4 105.5 -26.2 18.0 -7.6 -13.8 18.0 Nonfood materials except fuel 3/.............| 28.621 104.0 93.1 89.7 -27.5 -3.7 .2 -10.0 -3.4 Manufacturing 3/...........................| 27.686 95.5 85.2 82.0 -28.3 -3.8 .1 -10.3 -3.6 Construction...............................| 0.935 183.4 180.1 179.4 -2.2 -.4 .1 -1.4 -.3 Crude fuel 4/................................| 40.481 115.4 77.2 118.7 -24.8 53.8 -17.1 -19.4 53.8 Manufacturing industries...................| 3.470 113.1 74.4 115.3 -27.3 55.0 -17.4 -20.8 55.0 Nonmanufacturing industries................| 37.011 117.6 78.8 121.1 -24.5 53.7 -17.1 -19.3 53.7 | Special groupings | | Finished goods, excluding foods..................|5/ 77.493 140.1 138.8 137.7 -1.9 -.8 .4 -1.9 -.6 Intermediate materials less foods and feeds......|6/ 95.547 130.7 128.2 127.3 -3.2 -.7 .1 -1.5 -.5 Intermediate foods and feeds.....................|6/ 4.453 117.2 117.3 115.5 3.4 -1.5 -.4 -.8 -1.5 Crude materials less agricultural products 3/ 7/.|8/ 67.222 113.8 89.9 106.5 -26.4 18.5 -7.8 -14.0 18.4 | Finished energy goods............................|5/ 15.512 95.6 90.1 85.5 -13.5 -5.1 .9 -7.7 -3.8 Finished goods less energy.......................|5/ 84.488 147.6 147.9 147.7 1.1 -.1 .3 -.5 -.1 Finished consumer goods less energy..............|5/ 60.620 150.9 151.3 151.0 1.5 -.2 .3 -.5 -.1 | Finished goods less foods and energy.............|5/ 61.981 150.0 150.4 150.6 .9 .1 .3 -.5 .2 Finished consumer goods less foods and energy....|5/ 38.113 156.9 157.5 157.8 1.5 .2 .4 -.4 .3 Consumer nondurable goods less foods and energy..|5/ 22.679 175.6 175.8 176.4 3.0 .3 .2 .1 .3 | Intermediate energy goods........................|6/ 15.755 105.1 97.1 94.3 -12.4 -2.9 1.0 -7.6 -1.6 Intermediate materials less energy...............|6/ 84.245 135.3 134.2 133.7 -1.1 -.4 -.1 -.4 -.3 Intermediate materials less foods and energy.....|6/ 79.792 136.5 135.3 134.9 -1.4 -.3 -.1 -.4 -.2 | Crude energy materials 3/........................|8/ 54.136 103.6 75.2 96.5 -31.5 28.3 -10.7 -19.2 28.3 Crude materials less energy......................|8/ 45.864 114.8 109.8 104.8 -4.6 -4.6 .9 -2.3 -4.3 Crude nonfood materials less energy 4/...........|8/ 14.966 131.0 125.8 124.5 -9.7 -1.0 .2 -1.7 -.8 | _______________________________________________________________________________________________________________________________ 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 2001 have been recalculated to incorporate further processing, excluding crude late reports and corrections by respondents. All indexes foodstuffs and feedstuffs, plant and are 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. 2001 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept.to|Oct. to | |2001 1/|2001 1/|2001 1/| 2000 | 2001 | Sept.| Oct. | Nov. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 140.5 139.6 138.4 -1.1 -0.9 0.4 -1.6 -0.6 | FINISHED CONSUMER GOODS...............................| 141.2 139.9 138.4 -1.5 -1.1 .4 -1.9 -.8 | FINISHED CONSUMER FOODS..............................| 141.4 141.8 140.5 1.7 -.9 .2 -.4 -.8 | | 01-11 | Fresh fruits and melons 2/..........................| 85.8 100.3 101.7 9.0 1.4 10.1 5.7 1.4 01-13 | Fresh and dry vegetables 2/.........................| 105.4 110.8 107.2 -28.2 -3.2 2.4 -11.4 -3.2 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 69.9 77.0 86.6 -13.1 12.5 .4 4.4 -1.0 02-11 | Bakery products 2/..................................| 188.6 189.3 189.2 2.5 -.1 0 .3 -.1 02-13 | Milled rice 2/......................................| 85.5 86.7 84.9 -11.7 -2.1 4.3 -.7 -2.1 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.2 122.2 122.2 .6 0 0 0 0 02-21-01 | Beef and veal.......................................| 118.7 116.2 111.0 -3.1 -4.5 -1.1 -.6 -6.3 02-21-04 | Pork................................................| 129.9 119.5 113.7 7.8 -4.9 -.3 -1.1 .1 02-22-03 | Processed young chickens............................| 118.7 123.3 120.1 4.7 -2.6 .7 2.0 -1.9 02-22-06 | Processed turkeys...................................| 97.1 102.5 110.2 2.1 7.5 -.2 .4 5.3 02-23 | Finfish and shellfish...............................| 185.9 182.9 183.2 -3.6 .2 3.4 -4.7 .1 02-3 | Dairy products......................................| 151.2 150.6 145.4 7.5 -3.5 -.7 -1.9 -2.9 02-4 | Processed fruits and vegetables 2/..................| 129.6 130.1 130.8 2.3 .5 .4 .3 .5 02-55 | Confectionery end products 2/.......................| 170.9 172.5 172.6 1.3 .1 .1 .8 .1 02-62 | Soft drinks.........................................| 147.6 148.6 148.6 2.8 0 -.1 -.3 .2 02-63-01 | Roasted coffee 2/...................................| 123.8 123.4 123.3 -2.4 -.1 0 -.2 -.1 02-78 | Shortening and cooking oils 2/......................| 132.5 134.4 132.2 -.5 -1.6 -4.6 -1.7 -1.6 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 140.9 139.0 137.3 -2.8 -1.2 .6 -2.5 -.8 | | 02-61 | Alcoholic beverages.................................| 145.4 145.9 146.2 3.0 .2 .3 .1 .1 03-81-01 | Women's apparel 2/..................................| 123.3 122.5 122.6 -1.4 .1 -.2 -.4 .1 03-81-02 | Men's and boys' apparel.............................| 132.5 131.9 132.0 -1.0 .1 -.5 0 .2 03-81-03 | Girls', children's, and infants' apparel 2/.........| 116.7 117.0 117.0 .4 0 .3 0 0 03-82 | Textile housefurnishings 2/.........................| 122.4 122.5 123.3 1.6 .7 -.2 .1 .7 04-3 | Footwear 2/.........................................| 145.7 145.7 145.7 .6 0 -.7 .1 0 05-41 | Residential electric power (Dec. 1990=100)..........| 121.5 118.5 115.0 4.6 -3.0 -.4 .5 -.3 05-51 | Residential gas (Dec. 1990=100).....................| 155.0 133.0 130.8 -16.0 -1.7 -5.0 -6.0 -2.6 05-71 | Gasoline............................................| 85.9 77.3 68.6 -30.6 -11.3 6.3 -21.2 -10.3 05-73-02-01| Fuel oil No. 2......................................| 81.7 75.2 69.8 -34.6 -7.2 4.5 -20.9 -7.4 06-38 | Pharmaceutical preparations (June 2001=100) 2/......| 99.2 99.6 99.5 (3) -.1 .4 0 -.1 06-71 | Soaps and synthetic detergents 2/...................| 130.6 131.0 131.0 .7 0 .3 0 0 06-75 | Cosmetics and other toilet preparations 2/..........| 138.4 138.7 138.5 -.1 -.1 -.1 .4 -.1 07-12 | Tires, tubes, tread, etc 2/.........................| 94.5 94.4 95.4 2.3 1.1 -.2 .1 1.1 09-15-01 | Sanitary papers and health products 2/..............| 147.0 148.5 148.3 .5 -.1 3.0 .1 -.1 09-31-01 | Newspaper circulation 2/............................| 219.0 222.4 221.9 3.3 -.2 .4 1.2 -.2 09-32-01 | Periodical circulation..............................| 199.9 202.3 202.2 1.9 0 .2 .2 -.2 09-33 | Book publishing.....................................| 224.8 227.4 227.3 2.0 0 .3 -.4 -1.0 12-1 | Household furniture 2/..............................| 155.2 155.3 155.5 1.2 .1 .1 .1 .1 12-3 | Floor coverings 2/..................................| 131.3 128.2 129.1 -1.1 .7 -.3 .1 .7 12-4 | Household appliances ...............................| 104.8 104.9 105.1 -1.3 .2 .2 .3 .3 12-5 | Home electronic equipment 2/........................| 70.0 69.8 69.8 -2.0 0 .4 -.3 0 12-62 | Household glassware.................................| 170.0 169.8 169.8 1.3 0 0 .1 .2 12-64 | Household flatware 2/...............................| 143.2 143.2 143.2 -3.2 0 0 0 0 12-66 | Lawn and garden equip., ex. tractors 2/.............| 132.5 132.7 133.0 .5 .2 .8 -.4 .2 14-11-01 | Passenger cars......................................| 130.7 131.8 132.9 -2.0 .8 1.3 -4.7 .9 15-11 | Toys, games, and children's vehicles 2/.............| 123.8 123.7 123.8 1.0 .1 0 .2 .1 15-12 | Sporting and athletic goods 2/......................| 126.2 126.0 123.9 -1.3 -1.7 1.0 .1 -1.7 15-2 | Tobacco products 2/.................................| 447.4 447.6 455.5 12.8 1.8 0 0 1.8 15-5 | Mobile homes 2/.....................................| 164.7 166.3 166.2 2.3 -.1 .1 .8 -.1 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 129.1 129.7 129.7 2.0 0 .2 .2 0 15-94-04 | Costume jewelry and novelties 2/....................| 143.8 144.1 144.0 1.2 -.1 0 .2 -.1 | | | CAPITAL EQUIPMENT.....................................| 139.7 139.8 139.9 0 .1 .1 -.7 .1 | | 11-1 | Agricultural machinery and equipment 2/.............| 156.0 155.6 156.5 1.4 .6 -.2 .3 .6 11-2 | Construction machinery and equipment................| 149.1 149.1 149.3 .3 .1 .1 -.1 .1 11-37 | Metal cutting machine tools 2/......................| 154.5 154.4 154.7 -4.6 .2 -.1 0 .2 11-38 | Metal forming machine tools 2/......................| 165.3 165.3 165.3 1.8 0 0 -.1 0 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 141.7 140.9 141.1 -.1 .1 -.2 -.2 .1 11-41 | Pumps, compressors, and equipment...................| 158.3 158.6 158.7 2.3 .1 .4 -.1 .3 11-44 | Industrial material handling equipment 2/...........| 136.7 137.6 137.3 1.4 -.2 .2 -.1 -.2 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 57.5 50.2 49.1 -30.1 -2.2 -6.2 .2 -2.2 11-62 | Textile machinery 2/................................| 158.1 158.1 158.1 1.0 0 0 0 0 11-64 | Paper industries machinery (June 1982=100)..........| 167.7 167.6 167.3 1.5 -.2 -.1 -.7 -.2 11-65 | Printing trades machinery 2/........................| 143.7 143.3 143.3 .3 0 -.6 .1 0 11-74 | Transformers and power regulators 2/................| 134.4 134.0 133.4 -1.0 -.4 .1 0 -.4 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 109.2 108.4 108.8 -1.4 .4 .2 -.6 .4 11-79-05 | X-ray and electromedical equipment 2/...............| 99.3 100.1 100.1 -1.0 0 -.5 -.6 0 11-91 | Oil field and gas field machinery ..................| 134.8 136.9 135.8 4.9 -.8 .7 .6 -.9 11-92 | Mining machinery and equipment 2/...................| 148.6 149.1 149.1 1.8 0 0 .1 0 11-93 | Office and store machines and equipment 2/..........| 112.6 112.7 112.5 .1 -.2 0 0 -.2 12-2 | Commercial furniture 2/.............................| 160.6 160.9 160.7 1.1 -.1 0 .3 -.1 14-11-05 | Light motor trucks..................................| 154.1 158.8 157.1 -2.3 -1.1 .7 -1.3 -.1 14-11-06 | Heavy motor trucks 2/...............................| 148.1 149.2 149.0 .5 -.1 .5 0 -.1 14-14 | Truck trailers 2/...................................| 139.1 138.9 138.9 -1.1 0 -.1 .2 0 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 169.8 170.2 170.2 4.0 0 -.3 -.1 -.2 14-31 | Ships (Dec. 1985=100) 2/............................| 149.0 148.9 148.5 -.1 -.3 .1 0 -.3 14-4 | Railroad equipment 2/...............................| 135.1 135.8 134.7 -.8 -.8 -.1 .1 -.8 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 130.0 127.6 126.7 -2.9 -.7 .1 -1.5 -.5 | | | INTERMEDIATE FOODS AND FEEDS..........................| 117.2 117.3 115.5 3.4 -1.5 -.4 -.8 -1.5 | | 02-12-03 | Flour 2/............................................| 110.5 111.0 111.3 4.9 .3 .6 1.3 .3 02-53 | Refined sugar 2/....................................| 109.5 111.3 110.4 4.2 -.8 1.5 -.2 -.8 02-54 | Confectionery materials.............................| 105.1 107.2 111.1 17.8 3.6 -.2 1.3 4.0 02-72 | Crude vegetable oils 2/.............................| 72.9 70.8 73.8 11.8 4.2 -6.4 -9.7 4.2 02-9 | Prepared animal feeds 2/............................| 104.7 105.3 104.5 .9 -.8 -.7 -1.0 -.8 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 130.7 128.2 127.3 -3.2 -.7 .1 -1.5 -.5 | | 03-1 | Synthetic fibers 2/.................................| 107.8 107.7 107.2 -2.5 -.5 .7 -.1 -.5 03-2 | Processed yarns and threads 2/......................| 105.0 103.4 102.5 -4.8 -.9 -.4 -.8 -.9 03-3 | Gray fabrics 2/.....................................| 113.3 113.7 112.3 -1.8 -1.2 -.7 -.9 -1.2 03-4 | Finished fabrics....................................| 123.2 122.5 122.6 .7 .1 .1 .1 .4 03-83-03 | Industrial textile products 2/......................| 132.7 133.5 133.5 1.7 0 .3 -.1 0 04-2 | Leather 2/..........................................| 205.0 197.3 192.0 1.6 -2.7 -1.3 -1.1 -2.7 05-32 | Liquefied petroleum gas 2/..........................| 94.3 101.8 92.1 -37.4 -9.5 1.5 -10.2 -9.5 ____________________________________________________________________________________________________________________________________ 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. 2001 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept.to|Oct. to | |2001 1/|2001 1/|2001 1/| 2000 | 2001 | Sept.| Oct. | Nov. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 147.9 138.3 136.3 4.7 -1.4 0.5 -1.8 1.8 05-43 | Industrial electric power...........................| 149.5 144.0 141.1 7.8 -2.0 -.6 .7 .5 05-52 | Commercial natural gas (Dec. 1990=100)..............| 158.7 134.0 135.3 -14.2 1.0 -6.6 -6.1 -1.6 05-53 | Industrial natural gas (Dec. 1990=100)..............| 166.1 127.4 135.8 -17.5 6.6 -5.5 -9.9 .1 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 126.4 75.0 79.7 -45.5 6.3 -19.3 -14.4 -4.4 05-72-03 | Jet fuels...........................................| 78.2 67.2 65.2 -37.7 -3.0 -.2 -21.8 -5.0 05-73-03 | No. 2 Diesel fuel...................................| 81.6 75.4 74.4 -32.6 -1.3 6.7 -18.3 -1.8 05-74 | Residual fuel 2/....................................| 74.5 68.6 68.6 -28.2 0 9.5 -7.0 0 06-1 | Industrial chemicals 2/.............................| 126.9 123.4 122.2 -5.5 -1.0 1.8 -2.7 -1.0 06-21 | Prepared paint......................................| 164.8 164.7 164.8 2.1 .1 -.2 .1 0 06-22 | Paint materials 2/..................................| 149.5 154.1 149.1 -.5 -3.2 3.0 .9 -3.2 06-31 | Medicinal and botanical chemicals 2/................| 140.2 140.1 140.1 -3.8 0 -.1 0 0 06-4 | Fats and oils, inedible 2/..........................| 81.4 80.4 74.6 16.7 -7.2 -5.0 -15.9 -7.2 06-51 | Mixed fertilizers...................................| 117.5 114.8 114.4 1.5 -.3 -1.7 .5 .4 06-52-01 | Nitrogenates........................................| 132.3 112.7 108.0 -19.3 -4.2 -7.9 -5.6 -4.1 06-52-02 | Phosphates 2/.......................................| 94.5 93.9 95.8 1.1 2.0 3.1 .5 2.0 06-53 | Other agricultural chemicals 2/.....................| 147.9 148.1 150.6 3.2 1.7 .1 .2 1.7 06-6 | Plastic resins and materials 2/.....................| 135.1 130.8 128.8 -7.2 -1.5 -2.7 1.3 -1.5 07-11-02 | Synthetic rubber 2/.................................| 124.7 120.2 120.1 -2.0 -.1 -.6 -1.9 -.1 07-21 | Plastic construction products ......................| 134.3 132.6 131.8 -1.8 -.6 -2.0 2.7 -.7 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 137.6 135.9 134.9 -5.5 -.7 -.3 -.4 -.7 07-26 | Plastic parts and components for manufacturing 2/...| 116.7 116.4 116.5 -.5 .1 -.9 .3 .1 08-11 | Softwood lumber 2/..................................| 176.2 164.6 163.9 -1.2 -.4 -.3 -4.4 -.4 08-12 | Hardwood lumber ....................................| 180.0 178.0 177.8 -4.9 -.1 -.6 -.3 -.3 08-2 | Millwork 2/.........................................| 180.6 180.1 179.4 1.7 -.4 .2 .1 -.4 08-3 | Plywood 2/..........................................| 156.8 150.5 150.3 -1.5 -.1 -1.8 -6.3 -.1 09-11 | Woodpulp 2/.........................................| 120.7 112.7 112.3 -25.8 -.4 -2.5 -2.8 -.4 09-13 | Paper 2/............................................| 151.8 148.9 146.9 -3.2 -1.3 -.3 -.3 -1.3 09-14 | Paperboard 2/.......................................| 172.3 166.3 166.1 -7.8 -.1 -1.0 -1.3 -.1 09-15-03 | Paper boxes and containers 2/.......................| 175.5 174.4 174.0 -.9 -.2 -.2 -.3 -.2 09-2 | Building paper and board 2/.........................| 132.5 125.5 122.3 -6.9 -2.5 -1.4 -3.0 -2.5 09-37 | Commercial printing (June 1982=100) 2/..............| 158.2 157.2 157.4 .4 .1 -.1 0 .1 10-15 | Foundry and forge shop products.....................| 136.9 136.8 137.1 .3 .2 0 0 .1 10-17 | Steel mill products 2/..............................| 101.3 100.0 99.7 -6.1 -.3 .1 -.9 -.3 10-22 | Primary nonferrous metals 2/........................| 104.5 99.1 97.7 -11.5 -1.4 0 -1.0 -1.4 10-25-01 | Aluminum mill shapes 2/.............................| 149.6 145.7 145.3 -3.0 -.3 -2.9 .3 -.3 10-25-02 | Copper and brass mill shapes 2/.....................| 154.0 149.6 151.2 -7.5 1.1 .6 -1.8 1.1 10-26 | Nonferrous wire and cable 2/........................| 139.8 138.7 138.2 -4.8 -.4 -.8 -.5 -.4 10-3 | Metal containers 2/.................................| 106.8 106.1 106.0 0 -.1 0 -.5 -.1 10-4 | Hardware............................................| 155.0 155.4 155.3 2.4 -.1 1.0 .1 0 10-5 | Plumbing fixtures and brass fittings................| 180.3 180.7 180.9 .4 .1 -.3 .6 .3 10-6 | Heating equipment...................................| 156.9 157.0 157.3 .8 .2 .1 0 .2 10-7 | Fabricated structural metal products................| 144.6 144.2 144.2 -.6 0 -.1 -.3 0 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 129.3 129.5 129.3 -.8 -.2 -.1 -.2 -.2 10-89 | Other misc. metal products 2/.......................| 127.1 127.0 127.0 .8 0 0 -.1 0 11-45 | Mechanical power transmission equipment.............| 167.2 167.2 167.6 1.9 .2 .1 .1 .2 11-48 | Air conditioning and refrigeration equipment 2/.....| 136.4 136.0 135.9 .7 -.1 -.1 -.2 -.1 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 164.6 165.5 165.0 1.2 -.3 0 .4 -.3 11-49-05 | Ball and roller bearings............................| 169.2 169.3 169.3 -.4 0 .1 -.1 .2 11-71 | Wiring devices 2/...................................| 153.1 154.2 153.2 .1 -.6 0 -.1 -.6 11-73 | Motors, generators, motor generator sets............| 147.2 147.2 146.4 .1 -.5 .1 .1 -.6 11-75 | Switchgear, switchboard, etc., equipment............| 157.7 157.5 157.2 2.5 -.2 .8 -.4 -.6 11-78 | Electronic components and accessories 2/............| 93.5 92.5 92.7 -4.3 .2 -1.6 .5 .2 11-94 | Internal combustion engines.........................| 143.8 144.0 144.1 0 .1 .3 .1 .1 11-95 | Machine shop products 2/............................| 140.4 140.4 140.5 1.0 .1 0 -.1 .1 13-11 | Flat glass 2/.......................................| 112.2 111.9 112.1 .4 .2 -.2 0 .2 13-22 | Cement..............................................| 150.5 150.9 150.8 .5 -.1 .2 .4 .1 13-3 | Concrete products 2/................................| 152.0 152.7 152.9 2.5 .1 .3 0 .1 13-6 | Asphalt felts and coatings..........................| 108.2 109.6 110.5 5.3 .8 2.5 .2 .9 13-7 | Gypsum products 2/..................................| 145.3 157.7 172.0 1.1 9.1 5.3 3.0 9.1 13-8 | Glass containers 2/.................................| 133.1 132.7 132.8 4.2 .1 .6 -.8 .1 14-12 | Motor vehicle parts 2/..............................| 113.2 112.7 112.5 -.8 -.2 -.3 0 -.2 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 145.6 145.8 145.7 2.6 -.1 .4 -.2 -.2 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100).....| 148.3 147.2 147.3 .5 .1 -.1 0 0 15-42 | Photographic supplies 2/............................| 129.3 129.2 129.3 2.3 .1 0 -.1 .1 15-6 | Medical/surgical/personal aid devices 2/............| 148.2 148.8 149.3 1.9 .3 .5 -.1 .3 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 113.8 97.7 104.8 -18.4 7.3 -4.1 -9.1 7.3 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 109.6 104.7 98.3 -2.1 -6.1 1.1 -2.6 -5.9 | | 01-21 | Wheat 2/............................................| 82.8 82.8 86.0 -1.1 3.9 1.0 .1 3.9 01-22-02-05| Corn................................................| 79.2 75.8 77.5 -1.0 2.2 .1 -7.8 -3.7 01-31 | Slaughter cattle 2/.................................| 107.7 101.8 94.6 -10.6 -7.1 .5 -3.2 -7.1 01-32 | Slaughter hogs......................................| 87.1 69.4 55.2 -9.4 -20.5 -1.4 -2.1 -12.3 01-41-02 | Slaughter broilers/fryers...........................| 143.0 143.8 139.0 2.9 -3.3 6.3 4.8 -5.1 01-42 | Slaughter turkeys...................................| 108.4 121.8 126.2 -10.2 3.6 2.5 .1 2.0 01-6 | Fluid milk..........................................| 121.9 121.2 106.6 18.3 -12.0 -2.6 -5.8 -11.8 01-83-01-31| Soybeans 2/.........................................| 87.0 75.3 74.7 -5.6 -.8 -9.4 -6.0 -.8 02-52-01-01| Cane sugar,raw 2/...................................| 111.4 110.6 111.0 -.4 .4 -.3 0 .4 | | | CRUDE NONFOOD MATERIALS..............................| 112.6 89.4 105.5 -26.2 18.0 -7.6 -13.8 18.0 | | 01-51-01-01| Raw cotton..........................................| 62.5 47.5 53.9 -47.6 13.5 -4.8 -15.2 15.9 01-92-01-01| Leaf tobacco 2/.....................................| 109.6 112.0 116.4 11.6 3.9 4.8 1.6 3.9 04-19 | Hides and skins (June 2001=100) 2/..................| 91.5 71.8 75.6 (3) 5.3 4.7 -7.4 5.3 05-1 | Coal 2/.............................................| 98.0 97.1 101.7 17.2 4.7 2.5 .5 4.7 05-31 | Natural gas 2/......................................| 121.1 68.9 124.0 -33.0 80.0 -22.8 -27.5 80.0 05-61 | Crude petroleum 2/..................................| 72.8 59.4 55.0 -44.3 -7.4 .1 -19.6 -7.4 08-5 | Logs, timber, etc...................................| 184.8 179.2 178.5 -4.1 -.4 -.2 -1.9 -.6 09-12 | Wastepaper 2/.......................................| 136.1 140.2 141.8 -34.7 1.1 3.2 -.3 1.1 10-11 | Iron ore 2/.........................................| 96.3 96.3 96.3 1.5 0 .1 -.1 0 10-12 | Iron and steel scrap 2/.............................| 123.5 118.6 111.5 -5.0 -6.0 -.6 -4.8 -6.0 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 63.5 62.8 59.9 -11.3 -4.6 1.8 -.6 -4.6 10-23-01 | Copper base scrap 2/................................| 114.7 106.7 105.1 -15.9 -1.5 0 -1.0 -1.5 10-23-02 | Aluminum base scrap.................................| 154.6 144.9 141.0 -15.1 -2.7 -1.7 .5 -2.2 13-21 | Construction sand, gravel, and crushed stone........| 169.5 169.6 169.9 3.4 .2 .1 .2 .2 ____________________________________________________________________________________________________________________________________ 1/ The indexes for July 2001 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes are subject 3/ Not available. 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 2001 | Oct. 2001 | Nov. 2001 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 394.3 | 391.6 | 388.4 | | All commodities................................| 133.4 | 130.2 | 130.1 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 127.4 | 126.0 | 123.5 | 01 | Farm products................................| 105.0 | 101.6 | 97.0 | 02 | Processed foods and feeds....................| 138.5 | 138.2 | 136.6 | | | | | | | Industrial commodities.........................| 134.5 | 131.0 | 131.4 | 03 | Textile products and apparel.................| 121.2 | 120.8 | 120.7 | 04 | Hides, skins, leather, and related products..| 160.8 | 153.4 | 153.2 | 05 | Fuels and related products and power.........| 100.7 | 89.1 | 91.1 | 06 | Chemicals and allied products 2/.............| 151.2 | 149.3 | 148.5 | 07 | Rubber and plastic products..................| 127.5 | 126.9 | 126.7 | 08 | Lumber and wood products.....................| 176.7 | 172.0 | 171.4 | 09 | Pulp, paper, and allied products.............| 184.8 | 183.8 | 183.7 | 10 | Metals and metal products....................| 125.5 | 124.2 | 123.6 | 11 | Machinery and equipment......................| 123.6 | 123.1 | 123.2 | 12 | Furniture and household durables.............| 133.2 | 133.0 | 133.1 | 13 | Nonmetallic mineral products.................| 144.3 | 145.1 | 145.7 | 14 | Transportation equipment.....................| 144.9 | 145.7 | 145.7 | 15 | Miscellaneous products.......................| 182.7 | 182.8 | 183.3 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 143.2 | 142.5 | 142.3 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 99.9 | 110.6 | 109.3 | 01-2 | Grains.........................................| 81.0 | 78.5 | 80.2 | 01-3 | Slaughter livestock............................| 102.9 | 93.5 | 84.3 | 01-4 | Slaughter poultry..............................| 133.8 | 137.2 | 134.5 | 01-5 | Plant and animal fibers........................| 62.7 | 48.3 | 54.2 | 01-7 | Chicken eggs...................................| 82.0 | 86.5 | 103.3 | 01-8 | Hay, hayseeds, and oilseeds....................| 114.1 | 106.0 | 105.2 | 01-83 | Oilseeds.......................................| 97.4 | 86.7 | 86.4 | 01-9 | Other farm products............................| 163.5 | 167.0 | 173.6 | 02-1 | Cereal and bakery products.....................| 162.5 | 163.2 | 163.1 | 02-2 | Meats, poultry, and fish.......................| 127.0 | 124.7 | 121.4 | 02-22 | Processed poultry..............................| 117.2 | 121.3 | 120.5 | 02-5 | Sugar and confectionery........................| 135.6 | 137.1 | 137.9 | 02-6 | Beverages and beverage materials...............| 145.7 | 146.3 | 146.4 | 02-63 | Packaged beverage materials....................| 124.6 | 124.2 | 124.1 | 02-7 | Fats and oils..................................| 108.3 | 108.4 | 107.4 | 03-81 | Apparel........................................| 126.7 | 126.2 | 126.3 | 04-4 | Other leather and related products.............| 148.1 | 148.1 | 148.1 | 05-3 | Gas fuels......................................| 112.6 | 76.4 | 114.1 | 05-4 | Electric power.................................| 145.6 | 139.8 | 136.7 | 05-7 | Refined petroleum products.....................| 82.4 | 74.9 | 69.1 | 06-3 | Drugs and pharmaceuticals......................| 260.6 | 260.7 | 261.4 | 06-5 | Agricultural chemicals and products............| 128.2 | 123.4 | 123.9 | 06-7 | Other chemicals and allied products............| 139.6 | 139.9 | 139.5 | 07-1 | Rubber and rubber products.....................| 117.4 | 116.6 | 116.9 | 07-11 | Rubber, except natural rubber..................| 124.1 | 119.6 | 119.5 | 07-13 | Miscellaneous rubber products..................| 140.3 | 140.1 | 140.0 | 07-2 | Plastic products...............................| 135.5 | 135.0 | 134.5 | 08-1 | Lumber.........................................| 175.4 | 166.8 | 166.3 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 157.5 | 155.5 | 154.9 | 09-15 | Converted paper and paperboard products........| 164.7 | 164.3 | 164.1 | 10-1 | Iron and steel.................................| 110.0 | 108.6 | 107.8 | 10-2 | Nonferrous metals..............................| 123.4 | 120.0 | 118.5 | 10-25 | Nonferrous mill shapes.........................| 142.1 | 138.7 | 138.4 | 11-3 | Metalworking machinery and equipment...........| 150.7 | 150.4 | 150.4 | 11-4 | General purpose machinery and equipment........| 153.0 | 153.1 | 153.0 | 11-6 | Special industry machinery.....................| 165.4 | 164.2 | 164.6 | 11-7 | Electrical machinery and equipment.............| 117.1 | 116.5 | 116.5 | 11-9 | Miscellaneous machinery and equipment..........| 136.1 | 136.3 | 136.1 | 12-6 | Other household durable goods..................| 157.2 | 157.5 | 157.6 | 13-2 | Concrete ingredients...........................| 159.6 | 159.8 | 160.0 | 14-1 | Motor vehicles and equipment...................| 130.9 | 132.0 | 132.1 | 15-1 | Toys, sporting goods, small arms, etc..........| 133.4 | 133.2 | 132.0 | 15-4 | Photographic equipment and supplies............| 111.8 | 111.8 | 111.6 | 15-9 | Other miscellaneous products...................| 138.8 | 139.1 | 139.1 | __________________________________________________________|___________|___________|___________| 1/ Data for July 2001 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._2001_from: code | |base | | | | | | | |July |Oct. |Nov. | Nov. | Oct. | | |2001 2/|2001 2/|2001 2/| 2000 | 2001 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 98.7 78.8 93.2 -27.7 18.3 10 | Metal mining................................ |12/84| 70.7 70.4 68.1 -7.1 -3.3 12 | Coal mining................................. |12/85| 92.8 92.7 95.5 13.6 3.0 13 | Oil and gas extraction...................... |12/85| 106.4 79.7 98.8 -33.1 24.0 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 141.5 141.9 141.8 2.8 -.1 | | | |Total manufacturing industries............... |12/84| 134.4 133.6 132.8 -1.6 -.6 20 | Food and kindred products................... |12/84| 134.0 133.9 132.4 2.8 -1.1 21 | Tobacco manufactures........................ |12/84| 391.1 391.1 398.3 13.3 1.8 22 | Textile mill products....................... |12/84| 117.1 116.2 116.2 -.7 0 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.9 125.9 125.9 .2 0 24 | Lumber and wood products, except furniture.. |12/84| 158.4 154.3 153.8 -.5 -.3 25 | Furniture and fixtures...................... |12/84| 145.4 145.8 145.8 1.4 0 26 | Paper and allied products................... |12/84| 146.5 145.1 144.4 -2.1 -.5 27 | Printing, publishing, and allied industries. |12/84| 188.7 189.2 189.6 2.5 .2 28 | Chemicals and allied products............... |12/84| 157.8 156.0 155.4 -1.8 -.4 29 | Petroleum refining and related products..... |12/84| 101.7 93.8 87.2 -28.5 -7.0 30 | Rubber and miscellaneous plastic products... |12/84| 126.2 125.6 125.3 -.9 -.2 31 | Leather and leather products................ |12/84| 142.1 141.0 140.2 1.0 -.6 32 | Stone, clay, glass, and concrete products... |12/84| 136.0 136.7 137.1 2.1 .3 33 | Primary metal industries.................... |12/84| 116.1 114.7 114.3 -3.9 -.3 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 131.1 131.0 131.0 .4 0 35 | Machinery, except electrical................ |12/84| 118.1 117.7 117.8 .1 .1 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 106.8 106.5 106.6 -1.2 .1 37 | Transportation equipment.................... |12/84| 137.5 138.5 138.5 -.1 0 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 127.2 127.1 127.6 .9 .4 39 | Miscellaneous manufacturing industries...... |12/85| 132.6 132.6 132.1 .7 -.4 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 104.1 108.2 106.8 3.2 -1.3 42 | Motor freight transportation and warehousing |06/93| 123.2 123.8 124.0 1.8 .2 43 | United States Postal Service................ |06/89| 145.4 145.4 145.4 7.5 0 44 | Water transportation........................ |12/92| 133.1 134.0 131.2 5.6 -2.1 45 | Transportation by air....................... |12/92| 158.7 159.8 158.5 3.8 -.8 46 | Pipe lines, except natural gas.............. |12/86| 110.9 111.5 111.3 8.4 -.2 54 | Food stores................................. |12/99| 110.2 117.0 111.5 7.1 -4.7 59 | Miscellaneous retail........................ |06/00| 100.8 100.7 101.3 4.9 .6 80 | Health services............................. |12/94| 116.5 117.0 117.0 2.5 0 81 | Legal services.............................. |12/96| 118.3 118.5 118.5 3.9 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 July 2001 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. Table 5. Producer price indexes by stage of processing, seasonally adjusted (1982=100) _____________________________________________________________________________________________________________ | | Index 1/ |_____________________________________________________ Grouping | | | | | | | June | July | Aug. | Sep. | Oct. | Nov. | 2001 | 2001 | 2001 | 2001 | 2001 | 2001 _______________________________________________________|________|________|________|________|________|________ | Finished goods...................................| 141.9 140.2 140.9 141.4 139.1 138.3 Finished consumer goods........................| 143.0 140.6 141.6 142.2 139.5 138.4 Finished consumer foods......................| 141.7 141.1 142.1 142.4 141.8 140.7 Crude......................................| 124.7 113.9 120.9 124.9 121.1 123.5 Processed..................................| 143.1 143.3 143.8 143.8 143.4 142.1 Finished consumer goods, excluding foods.....| 143.4 140.3 141.1 141.9 138.3 137.2 Nondurable goods less foods................| 145.7 141.0 142.3 143.1 138.8 137.1 Durable goods..............................| 133.9 134.4 134.3 135.0 133.2 133.5 Capital equipment..............................| 139.7 140.1 140.1 140.3 139.3 139.5 Manufacturing industries.....................| 140.4 140.6 140.7 140.6 140.1 140.3 Nonmanufacturing industries..................| 139.4 139.9 139.8 140.1 138.9 139.1 | Intermediate materials, supplies, and components.| 131.1 129.5 129.3 129.4 127.4 126.8 Materials and components for manufacturing.....| 128.2 127.4 126.9 126.6 126.0 125.3 Materials for food manufacturing.............| 125.5 125.9 127.4 127.1 126.2 124.1 Materials for nondurable manufacturing.......| 132.9 131.4 130.1 130.0 128.8 127.5 Materials for durable manufacturing..........| 126.3 125.3 124.6 124.3 123.5 122.8 Components for manufacturing.................| 126.5 126.4 126.2 125.9 126.0 126.0 Materials and components for construction......| 151.6 151.0 150.9 150.8 150.4 150.4 Processed fuels and lubricants.................| 109.0 103.2 103.4 104.4 96.4 94.9 Manufacturing industries ....................| 109.3 105.4 104.6 105.2 100.9 100.0 Nonmanufacturing industries..................| 108.4 101.6 102.4 103.7 93.6 91.8 Containers.....................................| 154.0 153.5 153.2 153.0 152.4 152.1 Supplies.......................................| 138.8 138.7 138.7 138.6 138.3 138.3 Manufacturing industries.....................| 145.8 145.6 145.2 145.0 144.9 144.9 Nonmanufacturing industries..................| 135.9 135.8 135.9 135.8 135.5 135.5 Feeds......................................| 95.1 96.7 99.8 98.8 97.5 96.5 Other supplies.............................| 140.8 140.5 140.3 140.4 140.1 140.2 | Crude materials for further processing...........| 119.6 113.1 112.7 108.1 98.3 105.5 Foodstuffs and feedstuffs......................| 107.6 108.0 107.5 108.7 105.9 99.7 Nonfood materials..............................| 123.6 112.5 112.3 103.8 89.5 105.6 Nonfood materials except fuel 2/.............| 106.2 103.9 103.4 103.6 93.2 90.0 Manufacturing 2/...........................| 97.6 95.4 95.0 95.1 85.3 82.2 Construction...............................| 184.7 183.4 182.5 182.6 180.1 179.5 Crude fuel 3/................................| 137.5 115.4 115.5 95.8 77.2 118.7 Manufacturing industries...................| 136.2 113.1 113.7 93.9 74.4 115.3 Nonmanufacturing industries................| 140.0 117.6 117.7 97.6 78.8 121.1 | Special groupings | | Finished goods, excluding foods..................| 141.8 139.8 140.4 140.9 138.2 137.4 Intermediate materials less foods and feeds......| 131.9 130.3 129.9 130.0 128.0 127.4 Intermediate foods and feeds.....................| 116.1 116.9 118.9 118.4 117.4 115.6 Crude materials less agricultural products 2/....| 125.7 113.7 113.6 104.7 90.0 106.6 | Finished energy goods............................| 101.1 93.4 95.8 96.7 89.3 85.9 Finished goods less energy.......................| 147.8 147.8 148.0 148.4 147.6 147.5 Finished consumer goods less energy..............| 151.2 151.0 151.3 151.7 151.0 150.9 | Finished goods less foods and energy.............| 150.2 150.4 150.3 150.7 149.9 150.2 Finished consumer goods less foods and energy....| 157.2 157.4 157.1 157.7 157.0 157.4 Consumer nondurable goods less foods and energy..| 175.8 175.6 175.3 175.7 175.9 176.4 | Intermediate energy goods........................| 108.5 102.8 103.0 104.0 96.1 94.6 Intermediate materials less energy...............| 135.8 135.2 134.9 134.7 134.2 133.8 Intermediate materials less foods and energy.....| 137.1 136.4 136.0 135.8 135.3 135.0 | Crude energy materials 2/........................| 118.3 103.6 104.2 93.1 75.2 96.5 Crude materials less energy......................| 113.0 113.6 112.4 113.4 110.8 106.0 Crude nonfood materials less energy 3/...........| 129.8 130.8 128.1 128.3 126.1 125.1 ____________________________________________________________________________________________________________ 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 2001 have been recalculated to incorporate late reports and corrections by respondents. 2/ Includes crude petroleum. 3/ Excludes crude petroleum. Technical Note 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 Miscellaneous Retail 59 January 2001 Security Brokers, Dealers, and Investment Bankers 6211 January 2001 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, whereas 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 Seasonally Adjusted and Unadjusted Data 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 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 (1) "Appendix A: Seasonal Adjustment Methodology at BLS," in the BLS Handbook of Methods (April 1997), Bulletin 2490 and (2) "Summary of Changes to the PPI's Seasonal Adjustment Methodology" in the January 1995 issue of Producer Price Indexes.