Producer prices up 0.4 percent in December 2013

January 16, 2014

The Producer Price Index for finished goods advanced 0.4 percent in December (seasonally adjusted), after declining 0.1 percent in November and 0.2 percent in October.

Monthly percent change in the Producer Price Index for finished goods, seasonally adjusted, December 2012–December 2013
MonthPercent change

Dec 2012

-0.1

Jan 2013

0.2

Feb 2013

0.7

Mar 2013

-0.6

Apr 2013

-0.7

May 2013

0.5

Jun 2013

0.6

Jul 2013

0.2

Aug 2013

0.3

Sep 2013

0.1

Oct 2013

-0.2

Nov 2013

-0.1

Dec 2013

0.4

Leading the December rise in the finished goods index, prices for finished energy goods increased 1.6 percent, the largest advance since a 2.5-percent jump in June 2013. More than half of the increase in December can be attributed to a 2.2-percent increase in the gasoline index.

Also contributing to the advance in the finished goods index, the index for finished goods less foods and energy rose 0.3 percent in December, the largest advance since a 0.5-percent rise in July 2012. Nearly half of the December increase is a result of a 3.6-percent increase in prices for tobacco products.

These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — December 2013" (HTML) (PDF), news release USDL‑14‑0036. 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 Editor's Desk, Producer prices up 0.4 percent in December 2013 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140116.htm (visited July 29, 2014).

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