Producer prices down sharply in April
May 16, 2003
The Producer Price Index for Finished Goods declined 1.9 percent in April, seasonally adjusted. This record decrease followed three consecutive increases: 1.7 percent in January, 1.0 percent in February, and 1.5 percent in March.
The majority of the April decline in the Producer Price Index for Finished Goods was due to prices for finished energy goods, which declined 8.6 percent after posting a 5.7-percent increase in March. (Excluding prices for energy goods, the finished goods index declined 0.5 percent in April.)
The April index for finished goods other than foods and energy dropped 0.9 percent, compared with an increase of 0.7 percent in March. The April decline in this index was the largest since a 1.2-percent decrease in August 1993 and can be traced to lower prices for passenger cars, light trucks, and cigarettes. (Excluding prices for passenger cars, light trucks, and cigarettes, prices for finished goods other than foods and energy rose 0.2 percent in April.) The finished consumer foods index moved up 0.9 percent, after rising 0.1 percent in March.
From April 2002 to April 2003, prices for finished goods rose 2.4 percent.
These data are from the BLS Producer Price Index program. Find out more in "Producer Price Indexes, April 2003" (PDF) (TXT), news release USDL 03–241. 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices down sharply in April on the Internet at http://www.bls.gov/opub/ted/2003/may/wk2/art05.htm (visited June 25, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.