Producer Price Index for finished goods up 6.8 percent over the year
May 17, 2011
On an unadjusted basis, prices for finished goods moved up 6.8 percent for the 12 months ended April 2011, the largest year-over-year gain since an 8.8-percent increase in September 2008.
For the 12 months ended April 2011, prices for finished consumer foods increased 5.1 percent; for finished energy goods, 21.1 percent; and for finished goods less foods and energy, 2.1 percent.
Over the month, the Producer Price Index for finished goods rose 0.8 percent in April, seasonally adjusted. This advance followed increases of 0.7 percent in March and 1.6 percent in February.
About three quarters of the April advance in the finished goods index can be traced to a 2.5-percent jump in prices for finished energy goods. Prices for finished energy goods increased 2.5 percent in April, the seventh consecutive monthly advance.
These data are from the BLS Producer Price Index program. For more information, see "Producer Price Indexes — April 2011" (HTML) (PDF), news release USDL-11-0680. 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 for finished goods up 6.8 percent over the year on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110517.htm (visited December 21, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.