PPI up sharply in October 2004

November 17, 2004

The Producer Price Index for Finished Goods advanced 1.7 percent in October, seasonally adjusted. This gain followed a 0.1-percent rise in September and a 0.1-percent decrease in August.

Percent change from 12 months ago, Producer Price Index for Finished Goods, not seasonally adjusted, October 1995 - October 2004
[Chart data—TXT]

Among finished goods, prices for energy goods turned up 6.8 percent in October, following a 0.9-percent decline in September. The finished consumer foods index rose 1.6 percent, compared with a 0.1-percent increase in the prior month. By contrast, prices for finished goods other than foods and energy advanced 0.3 percent in October, the same rate of increase as in September.

From October 2003 to October 2004, prices for finished goods advanced 4.4 percent, as shown on the chart. Over the same period, prices for finished energy goods went up 17.2 percent, the index for finished consumer foods rose 2.5 percent, and the index for finished goods other than foods and energy climbed 1.8 percent.

These data are from the BLS Producer Price Index program. For more information, see "Producer Price Indexes -- October 2004" (PDF) (TXT), news release USDL 04-2339. 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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, PPI up sharply in October 2004 on the Internet at http://www.bls.gov/opub/ted/2004/nov/wk3/art03.htm (visited August 25, 2016).

OF INTEREST

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.