New price indexes for insurance industries

October 04, 2000

In their first year of publication, the Producer Price Index for life insurance carriers fell, while the index for property and casualty insurance rose.

Percent change in Producer Price Index for net output in selected insurance industries, Dec. 1998-Dec. 1999
[Chart data—TXT]

The price index for the life insurance carriers industry declined 0.3 percent from December 1998 to December 1999. Declines in prices for life insurance policies and fixed-rate deferred annuities contributed to the drop. Increased competition from consolidation in the industry also contributed to the decrease in the life insurance carriers index.

Prices in the property and casualty insurance industry increased 1.1 percent between December 1998 and December 1999. A 2.8-percent rise in the price of homeowners insurance helped stimulate the increase in the property and casualty insurance index.

These data are a product of the BLS Producer Price Index program. Learn more in "Rising producer prices in 1999 dominated by energy goods," by Eleni Xenofondos and William F. Snyders, Monthly Labor Review, August 2000.


Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, New price indexes for insurance industries on the Internet at (visited September 30, 2016).


Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.