Producer Price Index down 0.2 percent in October 2013
November 25, 2013
The Producer Price Index for finished goods declined 0.2 percent in October, seasonally adjusted. Prices for finished goods fell 0.1 percent in September and rose 0.3 percent in August.
|Month||All finished goods||Foods||Energy|
The 0.2-percent decrease in the finished goods index in October is attributable to prices for finished energy goods, which fell 1.5 percent. By contrast, the indexes for finished consumer foods and for finished goods less foods and energy moved up 0.8 percent and 0.2 percent, respectively.
Prices for finished energy goods moved down 1.5 percent in October, the first decline since a 2.5-percent drop in April 2013. Nearly all of the October decrease can be traced to the index for gasoline, which fell 3.8 percent.
In October, prices for finished consumer foods advanced 0.8 percent, the largest rise since a 0.9-percent jump in March 2013. Nearly sixty percent of the October increase can be traced to the index for beef and veal, which climbed 7.5 percent.
The index for finished goods less food and energy rose 0.2 percent in October, following a 0.1-percent increase in September.
These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes — October 2013” (HTML) (PDF), news release USDL‑13‑2195. All producer price indexes are routinely subject to revision once, 4 months after the 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 0.2 percent in October 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20131125.htm (visited December 22, 2014).