PPI rises in December
January 15, 2004
The Producer Price Index for Finished Goods rose 0.3 percent in December, seasonally adjusted. This increase followed a 0.3-percent decline in November and a 0.8-percent advance in October.
Among finished goods, prices for finished energy goods advanced 1.8 percent in December, after decreasing 1.2 percent a month earlier. The index for finished consumer foods rose 0.2 percent, compared with a 0.3-percent decline in the prior month. On the other hand, the index for finished goods other than foods and energy inched down 0.1 percent in December, the same as in November.
From December 2002 to December 2003, finished goods prices advanced 4.0 percent, as shown in the chart. Finished consumer food prices turned up 7.7 percent in 2003, as opposed to slipping 0.6 percent in the prior year. A 1.0-percent increase in the index for finished goods other than foods and energy in 2003 followed a 0.5-percent dip in 2002. By contrast, the index for finished energy goods advanced 11.5 percent in 2003, following a 12.3-percent rise in the previous calendar year.
These data are from the BLS Producer Price Index program. Find out more in "Producer Price Indexes -- December 2003" (PDF) (TXT), news release USDL 04-28. 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, PPI rises in December on the Internet at http://www.bls.gov/opub/ted/2004/jan/wk2/art04.htm (visited July 28, 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.