Producer prices in January 2013

February 21, 2013

The Producer Price Index for finished goods advanced 0.2 percent in January, seasonally adjusted. Prices for finished goods declined 0.3 percent in December and 0.4 percent in November.

1-month percent change in the Producer Price Index for finished energy, foods, and all finished goods, seasonally adjusted, January 2012–January 2013

1-month percent change in the Producer Price Indexes for all finished goods, finished foods, and finished energy, seasonally adjusted, January 2012–January 2013
MonthAll finished goodsFoodsEnergy

Jan 2012

0.10.1-0.7

Feb 2012

0.3-0.10.9

Mar 2012

0.10.3-0.5

Apr 2012

-0.2-0.1-1.1

May 2012

-0.6-0.2-2.8

Jun 2012

0.10.4-0.4

Jul 2012

0.40.20.0

Aug 2012

1.00.74.1

Sep 2012

1.00.14.1

Oct 2012

-0.20.4-0.6

Nov 2012

-0.41.3-3.3

Dec 2012

-0.3-0.8-0.6

Jan 2013

0.20.7-0.4

In January, over three quarters of the rise in finished goods prices can be attributed to the index for finished consumer foods, which advanced 0.7 percent after a 0.8‑percent decline in December. The January advance was led by a 39.0-percent jump in prices for fresh and dry vegetables. Increases in the indexes for soft drinks and for candy and nuts also contributed to higher prices for finished consumer foods.

The index for finished energy goods moved down 0.4 percent in January, the fourth straight decrease. The January decline is mostly attributable to prices for gasoline, which fell 2.1 percent.

These data are from the Producer Price Index program. To learn more, see “Producer Price Indexes — January 2013” (HTML) (PDF), news release USDL-13-0282. All producer prices are routinely subject to review 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 January 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130221.htm (visited October 02, 2014).

OF INTEREST

Three recent editions of Spotlight on Statistics