Producer prices in December 2006
January 18, 2007
The Producer Price Index for Finished Goods increased 0.9 percent in December, seasonally adjusted. This rise followed a 2.0-percent advance in November and a 1.6-percent decline in October.
The index for finished energy goods rose 2.5 percent in December following a 6.1-percent jump in the prior month. Leading this deceleration, gasoline prices increased 7.1 percent after surging 17.9 percent in November.
The index for finished goods other than foods and energy advanced 0.2 percent in December following a 1.3-percent jump in the preceding month. The index for finished consumer foods increased 1.7 percent in December after inching up 0.1 percent in the previous month.
From December 2005 to December 2006, prices for finished goods advanced 1.1 percent, as shown in the chart. This followed a 5.4-percent rise in 2005.
This slower rate of advance in 2006 is attributable to the index for finished energy goods, which fell 2.0 percent in 2006 after climbing 23.9 percent a year earlier. By contrast, prices for finished goods other than foods and energy moved up 2.0 percent in 2006 following a 1.4-percent gain in 2005, and the index for finished consumer foods rose slightly more than it had a year earlier.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — December 2006," news release USDL 07-0073. 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 in December 2006 on the Internet at http://www.bls.gov/opub/ted/2007/jan/wk3/art03.htm (visited February 09, 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.