Beef, vehicle prices contribute to October PPI gain
November 17, 2003
The Producer Price Index for Finished Goods advanced 0.8 percent in October, seasonally adjusted. Rising prices for beef and veal, light motor trucks, and passenger cars led the increase in the finished goods index.
Among finished goods, prices for finished consumer foods moved up 2.2 percent in October, compared with a 1.2-percent increase in the previous month. Excluding beef and veal, the finished goods index would have risen 0.5 percent in October.
The index for finished goods other than foods and energy rose 0.5 percent, after showing no change in September. Excluding passenger cars and light trucks, prices for finished goods other than foods and energy would have risen 0.2 percent in October. By contrast, prices for finished energy goods inched down 0.1 percent in October, following a 0.1-percent gain a month earlier..
From October 2002 to October 2003, prices for finished goods advanced 3.4 percent, as shown in the chart.
These data are from the BLS Producer Price Index program. Find out more in "Producer Price Indexes -- October 2003" (PDF) (TXT), news release USDL 03–720. 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, Beef, vehicle prices contribute to October PPI gain on the Internet at http://www.bls.gov/opub/ted/2003/nov/wk3/art01.htm (visited July 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.