Producer Price Index down again in September 2008

October 16, 2008

The Producer Price Index for Finished Goods decreased 0.4 percent in September, seasonally adjusted. This decline followed a 0.9-percent drop in August and a 1.2-percent increase in July. The slower rate of decline in finished goods prices was led by the index for energy goods, which decreased 2.9 percent after falling 4.6 percent in August.

Percent change from 12 months ago, Producer Price Index for Finished Goods, not seasonally adjusted, September 1999-September 2008
[Chart data—TXT]

Price advances for finished goods less foods and energy accelerated to 0.4 percent from 0.2 percent a month earlier. The rise in the index for finished consumer foods slowed to 0.2 percent in September from 0.3 percent in the prior month.

During the third quarter of 2008, the finished goods index fell at a 0.4-percent seasonally adjusted annual rate (SAAR), after climbing at a 14.6-percent SAAR during the second quarter. Much of this downturn can be attributed to the index for finished energy goods, which decreased at a 16.7-percent SAAR for the 3 months ended in September after jumping at a 51.6-percent SAAR for the 3 months ended in June.

From September 2007 to September 2008, prices for finished goods rose 8.7 percent, as shown in the chart.

These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — September 2008," (PDF) (HTML) news release USDL 08-1456. 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 Price Index down again in September 2008 on the Internet at (visited September 24, 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.