Producer prices increase 2.1 percent in 12 months

October 15, 2012

The Producer Price Index for finished goods climbed 2.1 percent for the 12 months ended September 2012.

Producer Price Index for finished goods 12-month percent change, September 2012, and relative importance, December 2011
[Chart data]

For the 12 months ended in September, the index for nondurable goods less foods (which has a relative importance value of 40.9 percent) increased 2.7 percent. The index for durable goods (with a relative importance value of 13.6 percent) increased 2.1 percent.

The index for crude finished consumer foods (with a relative importance value of 1.4 percent) decreased 0.6 percent over the 12 months ended in September. The index for processed finished consumer foods (relative importance of 17.3 percent) increased 2.1 percent.

The overall 12-month percent increase in the prices for finished goods in September 2012 (2.1 percent) was the largest rise since a 2.8-percent increase for the 12 months ended March 2012.

These data are from the Producer Price Index program. See "Producer Price Indexes — September 2012" (HTML) (PDF), news release USDL-12-2032, for more information. The relative importance of a component of the PPI represents its value weight that is allocated to the finished goods stage-of-processing (SOP) category. This value is expressed as a percentage of the total weight of the SOP category.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices increase 2.1 percent in 12 months on the Internet at http://www.bls.gov/opub/ted/2012/ted_20121015.htm (visited July 28, 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.