Producer prices in October 2011

November 21, 2011

The Producer Price Index for finished goods declined 0.3 percent in October, seasonally adjusted. Finished goods prices rose 0.8 percent in September and were unchanged in August.

1-month percent change in the Producer Price Index for energy goods and total finished goods, seasonally adjusted, October 2010-October 2011
[Chart data]

Prices for finished energy goods moved down 1.4 percent in October, the largest decrease since a 2.3-percent drop in June 2011. Nearly two-thirds of the October decline can be attributed to the gasoline index, which fell 2.4 percent. Lower prices for residential natural gas and home heating oil also were factors in the drop in the finished energy goods index.

The index for finished consumer foods advanced 0.1 percent in October, the fifth consecutive monthly increase.

The index for finished goods less foods and energy was unchanged in October following ten straight monthly advances.

These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes — October 2011” (HTML) (PDF), news release USDL-11-1643. 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, Producer prices in October 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20111121.htm (visited July 26, 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.