FOR DATA ONLY: (202) 606-7828 USDL 99-319 FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN (202) 606-7705 THIS RELEASE IS EMBARGOED MEDIA CONTACT: (202) 606-5902 UNTIL 8:30 A.M. (E.S.T), WEDNESDAY, http://stats.bls.gov/ppihome.htm NOVEMBER 10, 1999 Producer Price Indexes -- October 1999 The Producer Price Index for Finished Goods decreased 0.1 percent in October, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decline followed a 1.1-percent advance in September and a 0.5-percent gain in August. The index for finished goods other than foods and energy rose 0.3 percent in October, after advancing 0.8 percent in the prior month. Prices received by producers of intermediate goods rose 0.3 percent, the same as in September. The crude goods index turned down 1.6 percent, after posting a 5.1-percent increase in the previous month. (See table A.) Table A. Monthly and annual percent changes in selected stage-of- processing price indexes, seasonally adjusted Finish ed goods Change in finished Except goods foods from 12 Inter- and months mediate Crude Month Total Foods Energy energy ago goods goods (unadj.) 1998 Oct. 0.3 0.4 0.8 0.1 -0.7 -0.2 2.5 Nov. -.2 -.4 -1.3 .1 -.6 -.2 -.1 Dec. .5 0 -1.8 1.0 0 -.7 -3.6 1999 Jan. .3 1.5 .8 -.2 .8 0 .6 Feb. -.5 -1.2 -1.1 .1 .5 -.3 -2.3 Mar. .3 .3 1.7 -.1 .8 .3 .3 Apr. .5 -.7 5.5 .1 1.2 .7 2.5 May .2 .4 .3 .1 1.4 .3 6.1 June r0 r.3 r-.4 -.1 1.5 r.3 r.3 July .2 r-.8 r3.1 0 1.5 r.5 r-.4 Aug. .5 .4 3.7 -.1 2.3 .8 4.6 Sept. 1.1 1.0 2.2 .8 3.2 .3 5.1 Oct. -.1 -.7 -1.0 .3 2.7 .3 -1.6 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for June 1999 have been revised to reflect the availability of late reports and corrections by respondents. -2- The October downturn in prices for finished goods was led by the indexes for finished energy goods and finished consumer foods, which both fell after increasing in September. The index for finished consumer goods other than foods and energy rose less than in the prior month. Capital equipment prices increased 0.3 percent, after registering a 0.2-percent gain in September. For the first 10 months of 1999, the Producer Price Index for Finished Goods increased at a 2.9-percent seasonally adjusted annual rate (SAAR), after showing no change for the 1998 calendar year. Prices for finished goods other than foods and energy rose at a 0.9-percent SAAR for the first 10 months of 1999, after posting a 2.5-percent gain in the previous calendar year. The index for intermediate goods increased at a 4.0-percent SAAR from December 1998 to October 1999, following a 3.3-percent decline during the 1998 calendar year. Prices for crude goods advanced at a 19.4- percent SAAR during the first 10 months of 1999, after a 16.7-percent decrease during all of 1998. Before seasonal adjustment, the Producer Price Index for Finished Goods edged up 0.1 percent in October to stand at 135.0 (1982=100). From October 1998 to October 1999, the finished goods index advanced 2.7 percent. Over the past 12 months, prices for finished energy goods advanced 12.1 percent, the index for finished goods other than foods and energy moved up 1.9 percent, and prices for finished consumer foods rose 0.1 percent. Prices received by producers of intermediate goods increased 2.4 percent for the 12 months ended in October 1999, and the index for crude materials rose 11.6 percent during the same period. Table B. Monthly and annual percent changes in selected price indexes for intermediate goods and crude goods, seasonally adjusted Interm Crude ediate goods goods Change in intermedi- ate Change in Exclud- goods crude goods ing from Excluding from foods 12 months foods 12 months and ago Energy and ago Month Foods Energy energy (unadj.) Foods (unadj.) energy (unadj.) 1998 Oct. -0.4 1.0 -0.3 -2.5 3.2 5.5 -3.0 -16.6 Nov. .8 -1.1 -.2 -2.9 -.6 2.0 -2.2 -18.4 Dec. -.6 -3.5 -.2 -3.3 -4.3 -4.0 -1.7 -16.7 1999 Jan. .6 .8 -.2 -2.7 4.9 -5.0 .2 -11.4 Feb. -1.9 -.9 -.1 -2.7 -3.0 -3.6 1.2 -11.9 Mar. -1.4 2.2 .1 -2.1 -.7 2.9 -1.1 -10.5 Apr. -1.5 5.1 .2 -1.4 -2.9 12.6 -.9 -9.2 May .3 .5 .3 -1.1 2.5 13.2 2.1 -3.1 June r.4 r.4 .3 r-.4 r.3 r0 r.8 r-.2 July r-1.2 r2.1 .4 .1 r-4.6 r3.1 r2.0 -.7 Aug. 1.1 3.8 .2 1.2 3.8 7.2 1.8 8.3 Sept. 1.3 1.8 .1 1.9 1.3 10.4 2.2 16.1 Oct. .5 .2 .4 2.4 -.1 -4.8 2.4 11.6 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for June 1999 have been revised to reflect the availability of late reports and corrections by respondents. -3- Finished goods Prices for finished energy goods fell 1.0 percent in October, following three consecutive monthly increases. The gasoline index declined 3.8 percent, after posting a 2.2-percent gain a month ago. Prices for residential electric power and home heating oil also turned down, after rising in the prior month. The indexes for liquefied petroleum gas and residential natural gas rose less than last month. By contrast, finished lubricant prices fell 1.8 percent, following a 3.9-percent decline in September. The index for finished consumer foods decreased 0.7 percent in October, after registering a 1.0-percent gain in September. The pork index dropped 5.9 percent, following a 9.7-percent advance in the previous month. Prices for fresh and dry vegetables, dairy products, finfish and shellfish, and processed young chickens also turned down, after rising in the prior month. The index for fresh fruits and melons rose less than a month ago. Conversely, soft drink prices increased 0.4 percent in October, after showing no change in September. The index for roasted coffee fell less than last month, and prices for bakery products rose more for the same period. The index for finished consumer goods other than foods and energy increased 0.3 percent in October, after rising 1.1 percent in September. Prices for tobacco products showed no change, following an 8.4-percent increase last month. The indexes for passenger cars and alcoholic beverages rose less than in the previous month. In accordance with usual practice, most new model year passenger cars and light trucks were introduced into the PPI in October. (See "Report on Quality Changes for 2000 Model Vehicles.") The household appliance index fell more than in September. Prices for tires, tubes, and tread and for men's and boys' apparel turned down, after both increased the month before. On the other hand, the prescription drug index moved up 1.2 percent in October, following a 0.1-percent gain in September. Prices for book publishing and household furniture rose more than in the prior month. The index for cosmetics and other toilet preparations turned up, after falling a month ago. Capital equipment prices rose 0.3 percent in October, following a 0.2- percent increase in September. Rising prices for light motor trucks, civilian aircraft, industrial material handling equipment, heavy motor trucks, and construction machinery and equipment outweighed falling prices for electronic computers, communication and related equipment, railroad equipment, and oil field and gas field machinery and equipment. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components registered a 0.3-percent gain in October, seasonally adjusted, following a similar increase in September. Advancing prices for nondurable manufacturing materials, durable manufacturing materials, intermediate foods and feeds, and intermediate energy goods outweighed falling prices for materials and components for construction. Excluding foods and energy, the October index for intermediate materials rose 0.4 percent, after increasing 0.1 percent in September. (See table B.) Prices for nondurable manufacturing materials rose 1.1 percent, after posting a 0.4-percent gain in September. This is the largest one-month advance in nondurable manufacturing material prices since a 1.9-percent rise in April 1995. The primary basic organic chemicals index advanced 8.8 percent, following a 3.0-percent increase in the prior month. Prices for paperboard and basic inorganic chemicals turned up, after falling a month ago. The indexes for plastic resins and materials, paper, and nitrogenates rose more than last month. Synthetic fiber prices increased, after showing no change a month earlier. By contrast, the woodpulp index registered a 0.6-percent decline in October, following a 4.5-percent rise in September. Prices for medicinal and botanical chemicals and for gray fabrics also turned down, after rising in the previous month. The phosphates index fell more than a month ago. -4- Prices for durable manufacturing materials registered a 0.6-percent advance in October, following a 0.4-percent decline in September. The hot rolled sheet and strip index rose 1.9 percent, after falling 0.5 percent in the prior month. Prices for semifinished steel mill products, cold rolled sheet and strip, aluminum mill shapes, and silver also turned up, after dropping a month earlier. The indexes for primary aluminum, gold, and prepared paint increased, after showing no change a month ago. Platinum prices rose more than in the previous month. Conversely, the flat glass index fell 0.5 percent in October, after showing no change in September. Prices for hot rolled bars, plates, and structural shapes declined more than a month earlier. The indexes for copper cathode and refined copper and for copper and brass mill shapes turned down, after rising in the prior month. Prices for intermediate foods and feeds increased 0.5 percent in October, after posting a 1.3-percent advance in September. The pork index decreased 5.9 percent, following a 9.7-percent gain a month ago. Prices for natural, processed, and imitation cheese; dry, condensed, and evaporated milk products; and crude vegetable oils also turned down, after rising in the previous month. The indexes for beef and veal and for dry mix preparations increased less than a month earlier. On the other hand, prepared animal feed prices advanced 1.4 percent in October, after posting a 0.4-percent gain in September. The indexes for fluid milk products and confectionery materials also rose more than last month. The index for intermediate energy goods registered a 0.2-percent increase in October, following a 1.8-percent rise in September. The residual fuels index fell 6.4 percent, after gaining 20.5 percent a month earlier. Prices for gasoline, jet fuels, commercial natural gas, industrial natural gas, and natural gas to electric utilities also turned down, after rising in the prior month. The liquefied petroleum gas index rose less than a month ago, while diesel fuel prices fell more than in September. By contrast, the commercial electric power index advanced 3.6 percent in October, following a 0.1-percent gain in the previous month. Prices for industrial electric power rose, after showing no change a month ago. The index for materials and components for construction declined 0.3 percent in October, after posting a 0.5-percent drop a month earlier. In October, falling prices for plywood, softwood lumber, and millwork outweighed rising prices for fabricated structural metal products, nonferrous wire and cable, gypsum products, plastic construction products, and wiring devices. Crude Goods The Producer Price Index for Crude Materials for Further Processing turned down 1.6 percent in October, seasonally adjusted, following a 5.1- percent rise in September. Prices for crude energy materials and crude foodstuffs and feedstuffs also fell, after rising in the prior month. By contrast, the basic industrial materials index rose more than in the previous month. (See table B.) The index for crude energy materials fell 4.8 percent in October, following a 10.4-percent gain in September. October's downturn was led by the natural gas index, which declined 6.4 percent after rising 13.3 percent in the prior month. Crude petroleum prices also decreased, following an advance a month ago. By contrast, the index for coal turned up 5.5 percent, after a 3.8-percent decline a month earlier. The index for crude foodstuffs and feedstuffs declined 0.1 percent, following a 1.3-percent increase in September. Fluid milk prices turned down 5.6 percent, after a 4.5-percent rise in the prior month. The indexes for slaughter broilers and fryers, soybeans, fresh and dry vegetables, wheat, and slaughter turkeys also turned down, following an increase in the previous month. The index for Irish potatoes for processing rose less than a month ago. On the other hand, slaughter cattle prices rose 5.8 percent, following a 0.2-percent rise in September. The indexes for Louisiana rough rice and slaughter hogs rose, after falling a month earlier. -5- The basic industrial materials index rose 2.4 percent, following a 2.2- percent rise in September. Gold ore prices advanced 20.8 percent, after a 0.5-percent increase in the prior month. The indexes for raw cotton and softwood logs turned up, after falling in the previous month. Pulpwood log prices increased more than a month ago. The hardwood logs index showed no change, after a decline in September. By contrast, leaf tobacco prices rose 3.9 percent, following a 9.1-percent gain a month earlier. The indexes for iron and steel scrap and wastepaper rose less than in the prior month. Copper base scrap prices fell, following an increase in the previous month. Net output price indexes for mining, manufacturing, and other industries Mining. The Producer Price Index for the net output of total domestic mining industries fell 2.8 percent in October, after registering a 9.1- percent advance in September. (Net output price indexes are not seasonally adjusted.) Prices received by the crude petroleum, natural gas, and natural gas liquids industry turned down 5.3 percent, following a 14.0- percent increase a month ago. The industry indexes for oil and gas well drilling and for dimension stone quarrying rose less than in September. By contrast, the bituminous coal and lignite mining index turned up 3.6 percent, after a 2.5-percent decrease in the prior month. The index for the potash, soda and borate minerals industry also rose, following a decline in September. Prices received by gold ore producers increased more than a month ago. In October, the Producer Price Index for the net output of total domestic mining industries stood at 88.4 (December 1984=100), 30.2 percent above its year-ago level. Manufacturing. The Producer Price Index for the net output of total domestic manufacturing industries increased 0.3 percent in October, after posting a 0.5-percent rise in September. Price increases for the transportation equipment, chemicals and allied products, printing and publishing, paper and allied products, and apparel industries outweighed price declines for the petroleum refining, food and kindred products, lumber and wood products (except furniture), and the electrical and electronic machinery industries. The October Producer Price Index for the net output of total domestic manufacturing industries stood at 130.1 (December 1984=100), 2.9 percent above its year-ago level. Other. Among other industries in October, prices increases were registered for hotels and motels, prepackaged software, passenger car rental, general medical and surgical hospitals, and offices and clinics of doctors of medicine. On the other hand, the industry indexes for telephone communications (except radiotelephone), travel agencies, operators and lessors of nonresidential buildings, and trucking (except local) declined in September. ***** Producer Price Index data for November 1999 will be released on Friday, December 10, 1999 at 8:30 a.m. (E.S.T.) ***** Information in this news release will be made available to sensory impaired individuals upon request. Voice phone: 202-606-7828; TDD phone: 202-606- 5897; TDD Message Referral phone: 1-800-326-2577. Table 1. Producer price indexes and percent changes by stage of processing (1982=100) _______________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | Relative | Unadjusted index |change to |percent change from: Grouping |importance| |Oct. 1999 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | |June |Sept. |Oct. | Oct. | Sept. |July to|Aug. to |Sept. to | 1998 1/|1999 2/|1999 2/|1999 2/| 1998 | 1999 | Aug. | Sept. | Oct. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 132.7 134.8 135.0 2.7 0.1 0.5 1.1 -0.1 Finished consumer goods........................| 74.783 131.7 134.6 134.4 3.5 -.1 .7 1.3 -.3 Finished consumer foods......................| 23.285 135.1 137.0 135.6 .1 -1.0 .4 1.0 -.7 Crude......................................| 1.701 126.4 126.6 119.7 -11.1 -5.5 -.3 1.2 -3.4 Processed..................................| 21.584 135.8 137.8 136.9 1.0 -.7 .4 1.0 -.5 Finished consumer goods, excluding foods.....| 51.498 130.0 133.4 133.7 5.2 .2 .8 1.4 -.1 Nondurable goods less foods................| 35.202 127.5 132.8 131.6 7.4 -.9 1.3 1.7 -.3 Durable goods..............................| 16.296 132.3 131.1 134.8 .3 2.8 -.1 .6 .5 Capital equipment..............................| 25.217 137.2 136.7 138.5 .3 1.3 0 .2 .3 Manufacturing industries.....................| 6.607 138.4 138.3 138.7 .5 .3 0 0 .1 Nonmanufacturing industries..................| 18.610 136.7 136.1 138.3 .1 1.6 0 .4 .3 | Intermediate materials, supplies, and components.| 100.000 123.0 125.2 125.2 2.4 0 .8 .3 .3 Materials and components for manufacturing.....| 47.713 124.1 125.1 125.9 .7 .6 .3 .2 .6 Materials for food manufacturing.............| 3.633 120.0 122.5 122.4 -2.4 -.1 1.3 1.4 .1 Materials for nondurable manufacturing.......| 15.730 123.8 125.8 127.3 2.3 1.2 .6 .4 1.1 Materials for durable manufacturing..........| 10.415 124.8 125.8 126.5 .5 .6 .2 -.4 .6 Components for manufacturing.................| 17.935 125.7 125.6 125.9 .1 .2 0 .1 .2 Materials and components for construction......| 14.004 149.5 149.7 149.2 1.7 -.3 -.1 -.5 -.3 Processed fuels and lubricants.................| 11.845 84.9 92.5 90.3 11.8 -2.4 3.9 1.8 .2 Manufacturing industries ....................| 4.580 88.6 94.5 92.1 7.8 -2.5 3.1 1.9 .1 Nonmanufacturing industries..................| 7.265 82.6 91.1 89.0 14.2 -2.3 4.3 1.8 .2 Containers.....................................| 3.881 142.2 146.3 146.6 5.1 .2 1.8 1.2 .1 Supplies.......................................| 22.557 133.9 134.4 134.9 .6 .4 .2 .1 .3 Manufacturing industries.....................| 5.131 140.4 140.9 141.3 .4 .3 .4 -.1 .2 Nonmanufacturing industries..................| 17.426 131.1 131.6 132.2 .7 .5 .2 .1 .4 Feeds......................................| 1.242 88.0 88.6 90.3 -.1 1.9 .8 .6 1.9 Other supplies.............................| 16.184 136.3 136.8 137.2 .7 .3 .2 0 .3 | Crude materials for further processing...........| 100.000 97.4 106.9 104.9 11.6 -1.9 4.6 5.1 -1.6 Foodstuffs and feedstuffs......................| 45.019 99.5 100.5 99.6 -4.0 -.9 3.8 1.3 -.1 Nonfood materials..............................| 54.981 92.5 107.4 104.7 24.8 -2.5 5.3 7.6 -2.4 Nonfood materials except fuel 3/.............| 29.160 88.9 102.7 100.8 25.4 -1.9 3.5 6.9 -1.7 Manufacturing 3/...........................| 27.653 80.9 94.1 92.2 26.3 -2.0 3.7 7.2 -1.9 Construction...............................| 1.507 194.9 197.1 199.0 4.5 1.0 1.7 -.8 1.6 Crude fuel 4/................................| 25.821 90.1 105.3 101.7 24.2 -3.4 7.7 8.7 -3.4 Manufacturing industries...................| 2.104 88.4 106.5 100.9 26.1 -5.3 8.0 10.5 -5.3 Nonmanufacturing industries................| 23.717 91.9 107.0 103.6 23.9 -3.2 7.6 8.5 -3.2 | Special groupings | | Finished goods, excluding foods..................|5/ 76.715 131.8 134.0 134.7 3.5 .5 .5 1.1 .1 Intermediate materials less foods and feeds......|6/ 95.125 123.7 125.9 125.9 2.6 0 .7 .3 .3 Intermediate foods and feeds.....................|6/ 4.875 110.2 112.1 112.5 -1.8 .4 1.1 1.3 .5 Crude materials less agricultural products 3/ 7/.|8/ 52.084 92.6 108.1 105.2 27.2 -2.7 5.2 7.9 -2.7 | Finished energy goods............................|5/ 11.972 78.6 85.9 83.6 12.1 -2.7 3.7 2.2 -1.0 Finished goods less energy.......................|5/ 88.028 142.6 143.2 144.2 1.4 .7 0 .8 0 Finished consumer goods less energy..............|5/ 62.811 144.8 145.9 146.5 1.9 .4 .1 1.0 -.1 | Finished goods less foods and energy.............|5/ 64.743 145.5 145.6 147.5 1.9 1.3 -.1 .8 .3 Finished consumer goods less foods and energy....|5/ 39.526 151.0 151.6 153.5 3.0 1.3 -.1 1.1 .3 Consumer nondurable goods less foods and energy..|5/ 23.230 165.7 167.7 168.0 4.8 .2 -.2 1.4 .2 | Intermediate energy goods........................|6/ 11.941 84.6 92.1 90.0 11.8 -2.3 3.8 1.8 .2 Intermediate materials less energy...............|6/ 88.059 131.5 132.4 132.9 1.1 .4 .3 .1 .4 Intermediate materials less foods and energy.....|6/ 83.184 132.9 133.7 134.2 1.1 .4 .2 .1 .4 | Crude energy materials 3/........................|8/ 33.303 77.1 94.1 89.6 36.6 -4.8 7.2 10.4 -4.8 Crude materials less energy......................|8/ 66.697 107.7 110.4 110.6 -.5 .2 3.1 1.7 .6 Crude nonfood materials less energy 4/...........|8/ 21.678 132.2 139.6 142.5 7.0 2.1 1.8 2.2 2.4 | _______________________________________________________________________________________________________________________________ 1/ Comprehensive relative importance figures are initially computed 3/ Includes crude petroleum. after the publication of December indexes and are recalculated 4/ Excludes crude petroleum. after final December indexes are available. The first-published 5/ Percent of total finished goods. and final December relative importances initially appear, 6/ Percent of total intermediate materials. respectively, in the release tables containing January and May data. 7/ Formerly titled "Crude materials for 2/ The indexes for June 1999 have been recalculated to incorporate further processing, excluding crude late reports and corrections by respondents. All indexes foodstuffs and feedstuffs, plant and are subject to revision 4 months after original publication. animal fibers, oilseeds, and leaf tobacco." 8/ Percent of total crude materials. Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing (1982=100 unless otherwise indicated) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | | Unadjusted index |change to |percent change from: Commodity | | |Oct. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |June |Sept. |Oct. | Oct. | Sept. |July to|Aug. to|Sept.to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | Aug. | Sept.| Oct. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 132.7 134.8 135.0 2.7 0.1 0.5 1.1 -0.1 | FINISHED CONSUMER GOODS...............................| 131.7 134.6 134.4 3.5 -.1 .7 1.3 -.3 | FINISHED CONSUMER FOODS..............................| 135.1 137.0 135.6 .1 -1.0 .4 1.0 -.7 | | 01-11 | Fresh fruits and melons 2/..........................| 104.5 105.4 107.2 15.1 1.7 -3.2 9.0 1.7 01-13 | Fresh and dry vegetables 2/.........................| 127.7 120.4 108.1 -27.2 -10.2 -5.3 8.4 -10.2 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 70.1 75.7 61.5 -33.2 -18.8 2.8 -12.8 -16.3 02-11 | Bakery products 2/..................................| 177.6 178.0 178.4 1.2 .2 0 .1 .2 02-13 | Milled rice 2/......................................| 125.7 122.9 105.2 -17.7 -14.4 -.1 -1.9 -14.4 02-14-02 | Pasta products (June 1985=100) 2/...................| 121.9 122.0 122.0 -.9 0 .1 0 0 02-21-01 | Beef and veal.......................................| 108.4 110.0 112.0 15.7 1.8 -.7 1.8 1.4 02-21-04 | Pork................................................| 98.0 107.4 99.3 9.0 -7.5 7.1 9.7 -5.9 02-22-03 | Processed young chickens............................| 115.8 113.3 107.4 -17.8 -5.2 -3.7 .6 -2.5 02-22-06 | Processed turkeys...................................| 95.6 99.2 100.0 -2.7 .8 1.3 2.0 -.8 02-23 | Finfish and shellfish...............................| 186.9 193.4 195.9 8.1 1.3 -.4 3.5 -3.0 02-3 | Dairy products......................................| 135.3 143.9 144.1 -2.8 .1 1.2 1.9 -1.1 02-4 | Processed fruits and vegetables 2/..................| 127.8 127.5 127.3 1.8 -.2 -.5 .2 -.2 02-55 | Confectionery end products 2/.......................| 170.9 171.4 171.0 .9 -.2 .1 .2 -.2 02-62 | Soft drinks.........................................| 136.9 138.1 138.7 2.7 .4 1.1 0 .4 02-63-01 | Roasted coffee 2/...................................| 135.3 133.3 132.3 -3.6 -.8 -.1 -1.5 -.8 02-78 | Shortening and cooking oils 2/......................| 140.4 143.0 139.3 -2.4 -2.6 4.3 2.7 -2.6 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 130.0 133.4 133.7 5.2 .2 .8 1.4 -.1 | | 02-61 | Alcoholic beverages.................................| 136.1 137.5 137.7 1.4 .1 -.5 .6 .2 03-81-01 | Women's apparel 2/..................................| 123.9 122.1 122.6 -.5 .4 -.8 .5 .4 03-81-02 | Men's and boys' apparel.............................| 133.1 132.8 132.7 -.6 -.1 0 .2 -.1 03-81-03 | Girls', children's, and infants' apparel 2/.........| 117.7 116.3 116.6 -3.8 .3 -.5 -.8 .3 03-82 | Textile housefurnishings 2/.........................| 123.0 122.6 122.5 -.6 -.1 0 -.1 -.1 04-3 | Footwear............................................| 144.5 144.6 144.7 0 .1 -.1 .1 .1 05-41 | Residential electric power (Dec. 1990=100)..........| 112.0 114.2 110.5 -.5 -3.2 1.1 .8 -.5 05-51 | Residential gas (Dec. 1990=100).....................| 111.9 117.2 118.0 4.1 .7 1.1 2.5 .3 05-71 | Gasoline............................................| 63.5 77.7 73.2 39.4 -5.8 9.1 2.2 -3.8 05-73-02-01| Fuel oil No. 2......................................| 50.8 69.4 66.2 38.2 -4.6 5.3 6.0 -5.5 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 334.5 337.5 341.4 1.7 1.2 .1 .1 1.2 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 186.2 186.8 186.7 1.3 -.1 .1 .2 -.1 06-71 | Soaps and synthetic detergents 2/...................| 125.6 127.3 127.4 .7 .1 -.3 .5 .1 06-75 | Cosmetics and other toilet preparations 2/..........| 136.5 134.2 134.5 1.0 .2 .1 -.4 .2 07-12 | Tires, tubes, tread, etc 2/.........................| 93.4 92.9 91.7 -2.4 -1.3 .8 .1 -1.3 09-15-01 | Sanitary papers and health products 2/..............| 146.2 143.8 144.1 -.5 .2 -2.5 .4 .2 09-31-01 | Newspaper circulation 2/............................| 206.9 207.9 207.8 2.4 0 0 .2 0 09-32-01 | Periodical circulation..............................| 197.0 197.1 197.1 1.4 0 .2 .1 -.3 09-33 | Book publishing 2/..................................| 212.6 211.9 214.6 2.1 1.3 -.3 .2 1.3 12-1 | Household furniture 2/..............................| 150.2 150.7 151.3 1.4 .4 .1 .1 .4 12-3 | Floor coverings 2/..................................| 127.9 127.1 128.1 .2 .8 -.2 0 .8 12-4 | Household appliances ...............................| 108.6 108.4 107.9 -1.0 -.5 .1 -.1 -.6 12-5 | Home electronic equipment 2/........................| 74.0 73.9 73.7 -1.1 -.3 -.1 0 -.3 12-62 | Household glassware 2/..............................| 164.4 164.4 164.5 .9 .1 .1 .1 .1 12-64 | Household flatware 2/...............................| 140.0 139.3 139.3 .7 0 0 0 0 12-66 | Lawn and garden equip., ex. tractors 2/.............| 131.7 132.1 131.8 -.3 -.2 0 .2 -.2 14-11-01 | Passenger cars......................................| 128.7 126.4 135.8 .3 7.4 -.1 2.0 1.1 15-11 | Toys, games, and children's vehicles................| 123.8 122.7 123.3 -.6 .5 0 -.8 .5 15-12 | Sporting and athletic goods 2/......................| 126.4 126.2 125.7 -.2 -.4 -.2 .4 -.4 15-2 | Tobacco products 2/.................................| 363.6 394.5 394.5 37.0 0 .1 8.4 0 15-5 | Mobile homes 2/.....................................| 158.6 159.0 159.9 3.1 .6 -.5 .4 .6 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 126.8 125.1 125.9 -2.2 .6 -1.4 -.1 .6 15-94-04 | Costume jewelry and novelties 2/....................| 140.1 140.1 140.1 .2 0 0 0 0 | | | CAPITAL EQUIPMENT.....................................| 137.2 136.7 138.5 .3 1.3 0 .2 .3 | | 11-1 | Agricultural machinery and equipment 2/.............| 152.1 151.2 151.3 .1 .1 .1 -.1 .1 11-2 | Construction machinery and equipment................| 147.3 147.5 147.6 1.7 .1 .1 .3 .1 11-37 | Metal cutting machine tools 2/......................| 160.4 160.8 160.9 .4 .1 .3 -.1 .1 11-38 | Metal forming machine tools 2/......................| 159.7 159.8 159.8 .9 0 .1 -.1 0 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 140.1 140.1 140.2 .9 .1 0 0 .1 11-41 | Pumps, compressors, and equipment...................| 151.8 151.9 152.1 1.9 .1 .1 .1 .1 11-44 | Industrial material handling equipment 2/...........| 133.0 132.9 133.1 1.0 .2 0 -.1 .2 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 87.2 83.1 82.0 -20.8 -1.3 -3.2 -.5 -1.3 11-62 | Textile machinery 2/................................| 154.1 154.3 154.3 .8 0 .1 0 0 11-64 | Paper industries machinery (June 1982=100)..........| 162.7 163.0 163.0 1.9 0 .2 .2 .1 11-65 | Printing trades machinery 2/........................| 141.2 141.4 141.4 .6 0 0 0 0 11-74 | Transformers and power regulators 2/................| 130.8 131.4 131.5 -.2 .1 .2 .2 .1 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 112.8 112.7 112.6 -1.0 -.1 0 -.3 -.1 11-79-05 | X-ray and electromedical equipment 2/...............| 103.1 103.9 104.0 -1.7 .1 -.8 -1.2 .1 11-91 | Oil field and gas field machinery ..................| 126.6 126.3 126.3 0 0 .2 -.2 -.2 11-92 | Mining machinery and equipment 2/...................| 144.7 144.2 144.4 1.5 .1 -.3 -.4 .1 11-93 | Office and store machines and equipment 2/..........| 112.3 112.4 112.4 .1 0 0 .1 0 12-2 | Commercial furniture 2/.............................| 156.7 157.0 157.0 1.0 0 .1 0 0 14-11-05 | Light motor trucks..................................| 156.9 151.9 162.2 1.3 6.8 -.4 .8 .8 14-11-06 | Heavy motor trucks 2/...............................| 146.7 147.6 147.8 1.9 .1 -.1 .3 .1 14-14 | Truck trailers 2/...................................| 135.9 137.3 137.3 2.0 0 0 .8 0 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 151.3 151.4 152.3 1.4 .6 .1 .2 .5 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 145.8 0 0 0 0 0 14-4 | Railroad equipment..................................| 135.8 135.6 135.7 .9 .1 .1 -.4 -.1 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 123.0 125.2 125.2 2.4 0 .8 .3 .3 | | | INTERMEDIATE FOODS AND FEEDS..........................| 110.2 112.1 112.5 -1.8 .4 1.1 1.3 .5 | | 02-12-03 | Flour 2/............................................| 105.2 103.9 102.3 -6.3 -1.5 2.6 -1.9 -1.5 02-53 | Refined sugar 2/....................................| 122.6 121.8 121.1 .9 -.6 -.3 -.6 -.6 02-54 | Confectionery materials.............................| 94.4 93.4 95.0 2.5 1.7 -.4 .3 3.4 02-72 | Crude vegetable oils 2/.............................| 85.5 85.4 81.7 -34.2 -4.3 9.5 .4 -4.3 02-9 | Prepared animal feeds 2/............................| 97.3 97.8 99.2 -.3 1.4 .7 .4 1.4 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 123.7 125.9 125.9 2.6 0 .7 .3 .3 | | 03-1 | Synthetic fibers 2/.................................| 103.7 102.7 103.6 -4.0 .9 -.2 0 .9 03-2 | Processed yarns and threads 2/......................| 108.4 107.8 107.8 -3.7 0 -.1 -.2 0 03-3 | Gray fabrics 2/.....................................| 114.1 112.5 112.3 -5.4 -.2 -1.5 .4 -.2 03-4 | Finished fabrics....................................| 122.6 123.0 123.2 -.2 .2 .3 .2 .2 03-83-03 | Industrial textile products 2/......................| 129.3 129.7 129.8 -.5 .1 -.1 .1 .1 04-2 | Leather.............................................| 175.0 176.4 178.2 .1 1.0 .9 .5 .3 05-32 | Liquefied petroleum gas 2/..........................| 67.9 94.2 99.8 89.0 5.9 15.7 16.2 5.9 ____________________________________________________________________________________________________________________________________ See footnotes at end of table. Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing - Continued (1982=100 unless otherwise indicated) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | | Unadjusted index |change to |percent change from: Commodity | | |Oct. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |June |Sept. |Oct. | Oct. | Sept. |July to|Aug. to|Sept.to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | Aug. | Sept.| Oct. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 134.5 136.3 133.3 2.0 -2.2 2.2 0.1 3.6 05-43 | Industrial electric power...........................| 131.6 134.1 131.0 .5 -2.3 1.9 0 2.0 05-52 | Commercial natural gas (Dec. 1990=100)..............| 103.5 111.3 110.1 5.4 -1.1 3.0 4.3 -3.4 05-53 | Industrial natural gas (Dec. 1990=100)..............| 99.5 106.5 105.3 4.9 -1.1 1.9 3.6 -4.7 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 78.9 84.6 83.1 10.9 -1.8 1.7 6.7 -4.3 05-72-03 | Jet fuels...........................................| 48.7 63.7 63.8 34.0 .2 9.7 7.8 -2.6 05-73-03 | No. 2 Diesel fuel...................................| 53.5 67.5 65.9 39.3 -2.4 4.1 -3.8 -6.3 05-74 | Residual fuel 2/....................................| 52.0 67.7 63.4 52.0 -6.4 7.5 20.5 -6.4 06-1 | Industrial chemicals 2/.............................| 117.6 119.4 121.8 2.2 2.0 .3 .5 2.0 06-21 | Prepared paint......................................| 157.5 157.5 157.5 1.2 0 .1 0 .2 06-22 | Paint materials 2/..................................| 142.9 144.2 144.5 .1 .2 1.0 -.6 .2 06-31 | Medicinal and botanical chemicals ..................| 144.6 145.3 144.6 7.0 -.5 .3 .7 -.5 06-4 | Fats and oils, inedible 2/..........................| 78.1 88.3 98.7 -13.3 11.8 -1.1 12.1 11.8 06-51 | Mixed fertilizers...................................| 114.5 113.4 113.0 -1.1 -.4 .4 -.4 -.1 06-52-01 | Nitrogenates........................................| 93.2 91.5 96.7 -4.7 5.7 -.3 2.7 4.3 06-52-02 | Phosphates 2/.......................................| 113.6 111.9 107.2 -7.2 -4.2 .2 -1.4 -4.2 06-53 | Other agricultural chemicals........................| 144.4 146.7 147.5 .5 .5 2.3 -.8 .3 06-6 | Plastic resins and materials 2/.....................| 123.1 130.4 134.1 13.1 2.8 3.0 1.6 2.8 07-11-02 | Synthetic rubber 2/.................................| 112.7 113.8 114.1 -2.0 .3 .4 .4 .3 07-21 | Plastic construction products ......................| 126.8 130.5 130.9 4.7 .3 .2 .9 .4 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 126.8 127.5 128.3 1.3 .6 .6 .2 .6 07-26 | Plastic parts and components for manufacturing 2/...| 117.6 117.6 117.6 .4 0 -.2 .1 0 08-11 | Softwood lumber 2/..................................| 205.9 196.6 188.1 9.4 -4.3 -6.0 -4.2 -4.3 08-12 | Hardwood lumber ....................................| 176.6 177.2 177.9 .2 .4 .2 .6 .6 08-2 | Millwork 2/.........................................| 175.6 176.9 175.9 2.4 -.6 .1 .1 -.6 08-3 | Plywood 2/..........................................| 196.9 179.0 158.5 1.1 -11.5 -2.7 -11.4 -11.5 09-11 | Woodpulp 2/.........................................| 116.0 126.5 125.8 7.6 -.6 2.3 4.5 -.6 09-13 | Paper...............................................| 140.6 141.3 143.2 -.2 1.3 -.4 .4 1.1 09-14 | Paperboard..........................................| 149.5 159.8 162.7 10.8 1.8 3.6 -2.2 1.0 09-15-03 | Paper boxes and containers 2/.......................| 157.7 164.0 164.3 7.3 .2 2.7 1.5 .2 09-2 | Building paper and board 2/.........................| 145.9 145.6 141.1 4.8 -3.1 .1 -2.8 -3.1 09-37 | Commercial printing (June 1982=100) 2/..............| 152.1 152.3 152.4 -.3 .1 .2 -.1 .1 10-15 | Foundry and forge shop products.....................| 135.1 135.1 135.2 .2 .1 0 0 .1 10-17 | Steel mill products 2/..............................| 105.2 104.6 105.4 -5.7 .8 .2 -.4 .8 10-22 | Primary nonferrous metals 2/........................| 97.1 107.3 110.3 7.5 2.8 2.0 2.9 2.8 10-25-01 | Aluminum mill shapes 2/.............................| 136.9 136.8 141.9 2.1 3.7 1.4 -1.9 3.7 10-25-02 | Copper and brass mill shapes 2/.....................| 147.2 158.7 157.6 5.9 -.7 .4 1.9 -.7 10-26 | Nonferrous wire and cable 2/........................| 132.2 137.4 138.4 -1.3 .7 1.2 1.3 .7 10-3 | Metal containers 2/.................................| 106.0 106.0 106.5 -.6 .5 0 0 .5 10-4 | Hardware............................................| 149.1 149.7 149.9 1.8 .1 .5 -.1 .3 10-5 | Plumbing fixtures and brass fittings................| 177.0 176.7 176.9 1.4 .1 -.6 .5 .1 10-6 | Heating equipment...................................| 153.8 154.8 154.9 .9 .1 .3 .1 .1 10-7 | Fabricated structural metal products................| 143.0 143.3 143.6 .3 .2 .1 .1 .2 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.6 130.9 131.1 .5 .2 -.1 .3 .2 10-89 | Other misc. metal products 2/.......................| 125.5 125.4 125.7 0 .2 -.1 0 .2 11-45 | Mechanical power transmission equipment.............| 161.4 161.5 161.7 2.1 .1 .1 .2 .2 11-48 | Air conditioning and refrigeration equipment........| 136.0 135.8 136.1 .3 .2 .1 .1 .4 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.2 160.3 160.3 1.1 0 .2 -.1 0 11-49-05 | Ball and roller bearings............................| 166.9 167.0 167.0 .8 0 .1 .1 .1 11-71 | Wiring devices......................................| 152.6 152.3 153.2 .5 .6 -.3 -.1 .7 11-73 | Motors, generators, motor generator sets............| 145.9 145.4 145.5 -.4 .1 -.5 -.1 0 11-75 | Switchgear, switchboard, etc., equipment............| 151.5 150.9 150.9 1.3 0 .1 0 .1 11-78 | Electronic components and accessories 2/............| 97.8 98.7 99.1 -.3 .4 -.1 .7 .4 11-94 | Internal combustion engines.........................| 143.0 143.1 143.1 1.5 0 -.1 -.1 .1 11-95 | Machine shop products 2/............................| 136.9 136.7 136.7 -.1 0 .1 0 0 13-11 | Flat glass 2/.......................................| 106.3 107.1 106.6 -.3 -.5 .2 0 -.5 13-22 | Cement..............................................| 151.4 151.4 151.0 2.2 -.3 .4 .1 .1 13-3 | Concrete products...................................| 143.9 144.1 144.3 2.1 .1 .3 .3 .3 13-6 | Asphalt felts and coatings 2/.......................| 98.1 99.8 99.8 -.7 0 .4 .7 0 13-7 | Gypsum products 2/..................................| 209.1 213.9 218.6 18.7 2.2 5.0 -.8 2.2 13-8 | Glass containers 2/.................................| 126.3 125.7 125.7 -.2 0 -.4 -.2 0 14-12 | Motor vehicle parts 2/..............................| 114.0 113.4 114.0 -.5 .5 0 -.1 .5 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 137.6 137.6 138.3 .2 .5 .2 -.1 1.0 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 144.0 143.0 143.0 -1.1 0 -.1 .3 0 15-42 | Photographic supplies 2/............................| 128.4 128.4 128.1 -.7 -.2 -.2 .1 -.2 15-6 | Medical/surgical/personal aid devices...............| 144.5 144.7 145.6 1.2 .6 1.0 -.1 .6 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 97.4 106.9 104.9 11.6 -1.9 4.6 5.1 -1.6 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 99.5 100.5 99.6 -4.0 -.9 3.8 1.3 -.1 | | 01-21 | Wheat 2/............................................| 79.7 80.5 77.4 -9.7 -3.9 7.1 1.1 -3.9 01-22-02-05| Corn................................................| 81.7 72.7 68.7 -14.7 -5.5 25.7 -5.0 -4.9 01-31 | Slaughter cattle 2/.................................| 99.1 97.5 103.2 15.1 5.8 .6 .2 5.8 01-32 | Slaughter hogs......................................| 57.5 55.1 55.7 19.0 1.1 17.7 -2.9 5.8 01-41-02 | Slaughter broilers/fryers...........................| 141.0 133.8 119.8 -30.2 -10.5 -12.6 8.2 -2.6 01-42 | Slaughter turkeys...................................| 123.6 135.4 138.8 2.4 2.5 -1.8 3.3 -3.4 01-6 | Fluid milk..........................................| 97.3 118.4 114.6 -10.3 -3.2 5.8 4.5 -5.6 01-83-01-31| Soybeans 2/.........................................| 79.1 82.3 80.0 -13.2 -2.8 13.3 3.0 -2.8 02-52-01-01| Cane sugar,raw 2/...................................| 119.4 114.0 109.6 -5.4 -3.9 -4.5 -1.0 -3.9 | | | CRUDE NONFOOD MATERIALS..............................| 92.5 107.4 104.7 24.8 -2.5 5.3 7.6 -2.4 | | 01-51-01-01| Raw cotton..........................................| 90.3 80.7 81.7 -28.3 1.2 5.9 -1.6 3.0 01-92-01-01| Leaf tobacco 2/.....................................| (3) 105.5 109.6 0 3.9 .9 9.1 3.9 04-11 | Cattle hides 2/.....................................| 136.3 149.8 157.0 10.1 4.8 6.4 3.2 4.8 05-1 | Coal 2/.............................................| 92.2 85.4 90.1 -2.9 5.5 -.2 -3.8 5.5 05-31 | Natural gas 2/......................................| 89.0 113.3 106.0 36.6 -6.4 10.6 13.3 -6.4 05-61 | Crude petroleum 2/..................................| 48.8 65.4 60.6 72.2 -7.3 6.5 14.3 -7.3 08-5 | Logs, timber, etc...................................| 200.4 202.7 205.7 2.3 1.5 1.3 -.5 2.1 09-12 | Wastepaper 2/.......................................| 171.7 215.2 224.7 69.2 4.4 -2.4 6.6 4.4 10-11 | Iron ore 2/.........................................| 94.8 94.8 94.8 -.8 0 0 0 0 10-12 | Iron and steel scrap 2/.............................| 138.2 145.4 145.9 13.0 .3 4.7 1.4 .3 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 59.4 64.2 72.0 12.9 12.1 3.5 3.0 12.1 10-23-01 | Copper base scrap 2/................................| 103.1 117.5 115.4 3.8 -1.8 -1.8 2.5 -1.8 10-23-02 | Aluminum base scrap.................................| 161.2 172.2 170.9 17.2 -.8 .6 1.6 .3 13-21 | Construction sand, gravel, and crushed stone........| 157.2 157.5 157.7 2.6 .1 .3 0 .3 ____________________________________________________________________________________________________________________________________ 1/ The indexes for June 1999 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes 3/ Not available. are subject to revision 4 months after original publication. Table 3. Producer price indexes for selected commodity groupings (1982=100 unless otherwise indicated) _______________________________________________________________________________________________ | | | | | Unadjusted index 1/ | Commodity| |___________________________________| code | Grouping | June 1999 |Sept. 1999 | Oct. 1999 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 372.3 | 378.2 | 378.9 | | All commodities................................| 125.2 | 128.0 | 127.9 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 120.4 | 121.9 | 121.0 | 01 | Farm products................................| 99.2 | 99.6 | 98.0 | 02 | Processed foods and feeds....................| 130.8 | 132.9 | 132.3 | | | | | | | Industrial commodities.........................| 126.1 | 129.2 | 129.2 | 03 | Textile products and apparel.................| 121.0 | 120.4 | 120.6 | 04 | Hides, skins, leather, and related products..| 145.0 | 147.4 | 148.7 | 05 | Fuels and related products and power 2/......| 80.1 | 89.9 | 87.2 | 06 | Chemicals and allied products 2/.............| 143.4 | 145.2 | 146.7 | 07 | Rubber and plastic products..................| 122.1 | 123.0 | 123.1 | 08 | Lumber and wood products.....................| 187.8 | 184.8 | 181.1 | 09 | Pulp, paper, and allied products.............| 173.4 | 176.1 | 176.9 | 10 | Metals and metal products....................| 123.8 | 125.4 | 126.5 | 11 | Machinery and equipment......................| 124.2 | 124.2 | 124.3 | 12 | Furniture and household durables.............| 131.8 | 131.8 | 131.9 | 13 | Nonmetallic mineral products.................| 138.8 | 139.7 | 139.9 | 14 | Transportation equipment.....................| 141.1 | 139.8 | 143.5 | 15 | Miscellaneous products.......................| 165.0 | 169.1 | 169.4 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 139.0 | 139.7 | 140.7 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 122.4 | 120.0 | 115.2 | 01-2 | Grains.........................................| 82.2 | 75.9 | 72.7 | 01-3 | Slaughter livestock............................| 88.6 | 86.7 | 90.9 | 01-4 | Slaughter poultry..............................| 135.6 | 132.6 | 122.7 | 01-5 | Plant and animal fibers........................| 89.6 | 80.0 | 80.8 | 01-7 | Chicken eggs...................................| 80.8 | 87.7 | 68.8 | 01-8 | Hay, hayseeds, and oilseeds....................| 103.2 | 101.5 | 97.8 | 01-83 | Oilseeds.......................................| 91.5 | 92.4 | 88.4 | 01-9 | Other farm products............................| 'N.A.' | 157.4 | 163.5 | 02-1 | Cereal and bakery products.....................| 157.8 | 157.6 | 156.8 | 02-2 | Meats, poultry, and fish.......................| 115.6 | 118.2 | 116.7 | 02-22 | Processed poultry..............................| 115.6 | 115.2 | 111.7 | 02-5 | Sugar and confectionery........................| 136.2 | 135.7 | 135.4 | 02-6 | Beverages and beverage materials...............| 137.9 | 138.8 | 139.0 | 02-63 | Packaged beverage materials....................| 133.3 | 131.7 | 130.9 | 02-7 | Fats and oils..................................| 119.9 | 120.8 | 117.7 | 03-81 | Apparel........................................| 127.0 | 126.1 | 126.3 | 04-4 | Other leather and related products.............| 145.8 | 146.3 | 145.8 | 05-3 | Gas fuels 2/...................................| 82.3 | 106.9 | 103.0 | 05-4 | Electric power.................................| 132.2 | 134.5 | 131.0 | 05-7 | Refined petroleum products.....................| 58.8 | 72.4 | 69.1 | 06-3 | Drugs and pharmaceuticals......................| 251.6 | 253.3 | 254.8 | 06-5 | Agricultural chemicals and products............| 123.9 | 123.7 | 123.6 | 06-7 | Other chemicals and allied products............| 135.5 | 135.1 | 135.3 | 07-1 | Rubber and rubber products.....................| 114.2 | 114.2 | 113.8 | 07-11 | Rubber, except natural rubber..................| 112.1 | 113.3 | 113.5 | 07-13 | Miscellaneous rubber products..................| 138.3 | 138.2 | 138.4 | 07-2 | Plastic products...............................| 129.0 | 130.3 | 130.6 | 08-1 | Lumber.........................................| 194.9 | 188.6 | 183.0 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 146.8 | 151.3 | 152.7 | 09-15 | Converted paper and paperboard products........| 153.9 | 156.8 | 157.2 | 10-1 | Iron and steel.................................| 113.8 | 114.1 | 114.7 | 10-2 | Nonferrous metals..............................| 116.2 | 121.8 | 125.0 | 10-25 | Nonferrous mill shapes.........................| 131.3 | 133.4 | 136.6 | 11-3 | Metalworking machinery and equipment...........| 148.2 | 148.4 | 148.4 | 11-4 | General purpose machinery and equipment........| 149.5 | 149.5 | 149.7 | 11-6 | Special industry machinery.....................| 161.3 | 161.6 | 161.7 | 11-7 | Electrical machinery and equipment.............| 119.6 | 119.9 | 120.0 | 11-9 | Miscellaneous machinery and equipment..........| 133.2 | 133.2 | 133.2 | 12-6 | Other household durable goods..................| 152.6 | 152.9 | 153.0 | 13-2 | Concrete ingredients...........................| 152.4 | 152.6 | 152.6 | 14-1 | Motor vehicles and equipment...................| 130.6 | 128.8 | 134.3 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.6 | 132.4 | 132.3 | 15-4 | Photographic equipment and supplies............| 110.6 | 110.9 | 110.4 | 15-9 | Other miscellaneous products...................| 135.1 | 135.1 | 135.5 | __________________________________________________________|___________|___________|___________| 1/ Data for June 1999 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 2/ Prices of some items in this grouping are lagged 1 month. Table 4. Producer price indexes for the net output of major industry groups, not seasonally adjusted __________________________________________________________________________________________________________________ | | | Index | Percent change Industry | Industry 1/ |Index|_______________________|to_Oct._1999_from: code | |base | | | | | | | |June |Sep. |Oct. | Oct. | Sep. | | |1999 2/|1999 2/|1999 2/| 1998 | 1999 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 76.3 90.9 88.4 30.2 -2.8 10 | Metal mining................................ |12/84| 67.3 71.0 77.8 9.6 9.6 12 | Coal mining................................. |12/85| 88.2 84.0 86.9 -2.1 3.5 13 | Oil and gas extraction...................... |12/85| 76.2 96.4 91.9 42.3 -4.7 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 134.2 133.8 134.0 .8 .1 | | | |Total manufacturing industries............... |12/84| 127.8 129.7 130.1 2.9 .3 20 | Food and kindred products................... |12/84| 126.0 127.6 127.4 .6 -.2 21 | Tobacco manufactures........................ |12/84| 316.2 344.4 344.4 39.0 0 22 | Textile mill products....................... |12/84| 116.3 115.9 116.1 -1.4 .2 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.1 124.9 125.5 .2 .5 24 | Lumber and wood products, except furniture.. |12/84| 165.2 162.9 159.9 3.0 -1.8 25 | Furniture and fixtures...................... |12/84| 141.1 141.5 141.8 1.2 .2 26 | Paper and allied products................... |12/84| 135.8 138.8 139.8 3.9 .7 27 | Printing, publishing, and allied industries. |12/84| 177.2 177.7 178.3 1.9 .3 28 | Chemicals and allied products............... |12/84| 149.0 150.3 151.9 2.4 1.1 29 | Petroleum refining and related products..... |12/84| 74.2 89.9 86.8 32.5 -3.4 30 | Rubber and miscellaneous plastic products... |12/84| 121.9 122.7 122.8 1.0 .1 31 | Leather and leather products................ |12/84| 136.5 137.0 137.1 0 .1 32 | Stone, clay, glass, and concrete products... |12/84| 132.7 133.3 133.5 2.4 .2 33 | Primary metal industries.................... |12/84| 115.0 115.8 117.0 -1.8 1.0 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 129.1 129.2 129.4 .5 .2 35 | Machinery, except electrical................ |12/84| 117.5 117.1 117.2 -.2 .1 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.5 109.6 109.2 -.7 -.4 37 | Transportation equipment.................... |12/84| 133.6 132.4 136.5 .8 3.1 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 125.3 125.4 125.6 -.2 .2 39 | Miscellaneous manufacturing industries...... |12/85| 130.5 130.1 130.4 .5 .2 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 101.4 101.5 101.7 0 .2 42 | Motor freight transportation and warehousing |06/93| 114.6 115.7 115.4 2.5 -.3 43 | United states postal service................ |06/89| 135.2 135.2 135.2 2.2 0 44 | Water transportation........................ |12/92| 116.8 118.4 117.5 8.4 -.8 45 | Transportation by air....................... |12/92| 130.9 132.2 132.4 5.6 .2 46 | Pipe lines, except natural gas.............. |12/86| 98.6 98.6 98.5 -.7 -.1 80 | Health services............................. |12/94| 109.6 109.9 110.3 1.8 .4 81 | Legal services.............................. |12/96| 108.7 109.1 109.2 2.5 .1 __________________________________________________________________________________________________________________ 1/ Indexes in this table are derived from the net-output-weighted industry price indexes. Because of differences in coverage and aggregation methodology, they will generally not match the movements of similarly-titled indexes which are derived from traditional commodity groupings. 2/ The indexes for June 1999 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. 3/ Not available. Table 5. Producer price indexes by stage of processing, seasonally adjusted (1982=100) _____________________________________________________________________________________________________________ | | Index 1/ |_____________________________________________________ Grouping | | | | | | | May | June | July | Aug. | Sept. | Oct. | 1999 | 1999 | 1999 | 1999 | 1999 | 1999 _______________________________________________________|________|________|________|________|________|________ Finished goods...................................| 132.4 132.4 132.6 133.3 134.7 134.5 Finished consumer goods........................| 131.2 131.2 131.6 132.5 134.2 133.8 Finished consumer foods......................| 134.8 135.2 134.1 134.6 136.0 135.0 Crude......................................| 128.7 126.5 120.4 120.0 121.4 117.3 Processed..................................| 135.3 135.9 135.2 135.8 137.1 136.4 Finished consumer goods, excluding foods.....| 129.4 129.4 130.3 131.4 133.3 133.2 Nondurable goods less foods................| 126.3 126.4 127.9 129.5 131.7 131.3 Durable goods..............................| 133.0 132.6 132.5 132.4 133.2 133.8 Capital equipment..............................| 137.7 137.4 137.3 137.3 137.6 138.0 Manufacturing industries.....................| 138.4 138.5 138.5 138.5 138.5 138.6 Nonmanufacturing industries..................| 137.4 136.9 136.8 136.8 137.3 137.7 | Intermediate materials, supplies, and components.| 122.3 122.7 123.3 124.3 124.7 125.1 Materials and components for manufacturing.....| 123.8 124.1 124.5 124.9 125.1 125.9 Materials for food manufacturing.............| 119.9 120.3 118.6 120.1 121.8 121.9 Materials for nondurable manufacturing.......| 123.4 123.9 124.7 125.4 125.9 127.3 Materials for durable manufacturing..........| 124.2 124.8 126.0 126.3 125.8 126.6 Components for manufacturing.................| 125.6 125.7 125.6 125.6 125.7 126.0 Materials and components for construction......| 148.3 149.4 150.4 150.3 149.6 149.2 Processed fuels and lubricants.................| 82.8 83.1 84.8 88.1 89.7 89.9 Manufacturing industries ....................| 86.6 86.7 87.6 90.3 92.0 92.1 Nonmanufacturing industries..................| 80.3 80.9 82.9 86.5 88.1 88.3 Containers.....................................| 141.7 142.3 142.2 144.7 146.4 146.5 Supplies.......................................| 133.7 133.9 134.1 134.4 134.5 134.9 Manufacturing industries.....................| 140.3 140.4 140.6 141.1 141.0 141.3 Nonmanufacturing industries..................| 130.9 131.1 131.3 131.6 131.7 132.2 Feeds......................................| 87.6 88.0 87.4 88.1 88.6 90.3 Other supplies.............................| 136.1 136.3 136.5 136.8 136.8 137.2 | Crude materials for further processing...........| 96.9 97.2 96.8 101.3 106.5 104.8 Foodstuffs and feedstuffs......................| 98.7 99.0 94.4 98.0 99.3 99.2 Nonfood materials..............................| 92.2 92.4 94.9 99.9 107.5 104.9 Nonfood materials except fuel 2/.............| 87.3 88.7 93.0 96.3 102.9 101.1 Manufacturing 2/...........................| 79.4 80.8 84.8 87.9 94.2 92.4 Construction...............................| 193.3 195.3 196.3 199.6 198.0 201.2 Crude fuel 3/................................| 91.6 90.1 90.0 96.9 105.3 101.7 Manufacturing industries...................| 90.2 88.4 89.3 96.4 106.5 100.9 Nonmanufacturing industries................| 93.3 91.9 91.6 98.6 107.0 103.6 | Special groupings | | Finished goods, excluding foods..................| 131.6 131.4 132.1 132.8 134.2 134.3 Intermediate materials less foods and feeds......| 123.0 123.4 124.1 125.0 125.4 125.8 Intermediate foods and feeds.....................| 109.9 110.3 109.0 110.2 111.6 112.2 Crude materials less agricultural products 2/....| 92.1 92.6 95.3 100.3 108.2 105.3 | Finished energy goods............................| 77.1 76.8 79.2 82.1 83.9 83.1 Finished goods less energy.......................| 142.7 142.7 142.5 142.5 143.7 143.7 Finished consumer goods less energy..............| 144.7 144.9 144.5 144.6 146.1 145.9 | Finished goods less foods and energy.............| 145.8 145.6 145.6 145.5 146.6 147.0 Finished consumer goods less foods and energy....| 151.1 151.2 151.2 151.0 152.6 153.0 Consumer nondurable goods less foods and energy..| 165.2 165.7 165.8 165.5 167.8 168.1 | Intermediate energy goods........................| 82.5 82.8 84.5 87.7 89.3 89.5 Intermediate materials less energy...............| 131.1 131.5 131.9 132.3 132.4 132.9 Intermediate materials less foods and energy.....| 132.5 132.9 133.4 133.7 133.8 134.3 | Crude energy materials 2/........................| 77.1 77.1 79.5 85.2 94.1 89.6 Crude materials less energy......................| 106.8 107.3 104.7 107.9 109.7 110.4 Crude nonfood materials less energy 3/...........| 130.8 131.9 134.5 136.9 139.9 143.2 _____________________________________________________________________________________________________________ 1/ All seasonally adjusted indexes are subject to change up to 5 years after original publication due to the recalculation of seasonal factors each January. The indexes for June 1999 have been recalculated to incorporate late reports and corrections by respondents. 2/ Includes crude petroleum. 3/ Excludes crude petroleum. Technical Notes Brief Explanation of Producer Price Indexes Producer price indexes (PPI) measure average changes in prices received by domestic producers of commodities in all stages of processing. Most of the information used in calculating the indexes is obtained through the systematic sampling of nearly every industry in the manufacturing and mining sectors of the economy. The PPI program also includes some information from other sectors--agriculture, fishing, forestry, services, and gas and electricity. Because producer price indexes are designed to measure only the change in prices received for the output of domestic industries, imports are not included. The sample currently contains about 3,200 commodities and 80,000 quotations per month. There are three primary systems of indexes within the PPI program: (1) Stage of processing indexes; (2) commodity indexes; and (3) indexes for the net output of industries and their products. The stage-of-processing structure (tables 1 and 2) organizes products by class of buyer and degree of processing. The commodity structure (tables 2 and 3) organizes products by similarity of end-use or material composition. The entire output of various industries is sampled to derive price indexes for the net output of industries and their products (table 4). Within the stage-of-processing system, finished goods are commodities that will not undergo further processing and are ready for sale to the final demand user, either an individual consumer or business firm. Consumer foods include unprocessed foods such as eggs and fresh vegetables, as well as processed foods such as bakery products and meats. Other finished consumer goods include durable goods such as automobiles, household furniture, and appliances, and nondurable goods such as apparel and home heating oil. Capital equipment includes producer durable goods such as heavy motor trucks, tractors, and machine tools. The stage-of-processing category for intermediate materials, supplies, and components consists partly of commodities that have been processed but require further processing. Examples of such semifinished goods include flour, cotton yarn, steel mill products, and lumber. The intermediate goods category also encompasses nondurable, physically complete items purchased by business firms as inputs for their operations. Examples include diesel fuel, belts and belting, paper boxes, and fertilizers. Crude materials for further processing are products entering the market for the first time that have not been manufactured or fabricated and that are not sold directly to consumers. Crude foodstuffs and feedstuffs include items such as grains and livestock. Examples of crude nonfood materials include raw cotton, crude petroleum, coal, hides and skins, and iron and steel scrap. Producer price indexes for the net output of industries and their products are grouped according to the Standard Industrial Classification (SIC) and the Census product code extension of the SIC. Industry price indexes are compatible with other economic time series organized by SIC codes, such as data on employment, wages, and productivity. Table 4 lists indexes for the net output of major mining and manufacturing industry groups at the 2-digit level. Producer price indexes are based on selling prices reported by establishments of all sizes selected by probability sampling, with the probability of selection proportionate to size. Individual items and transaction terms from these firms are also chosen by probability proportionate to size. BLS strongly encourages cooperating companies to supply actual transaction prices at the time of shipment to minimize the use of list prices. Prices are normally reported by mail questionnaire for the Tuesday of the week containing the 13th. Price data are provided on a voluntary and confidential basis; no one but sworn BLS employees are allowed access to individual company price reports. 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. Net output values of shipments are used as weights for industry indexes. Net output values refer to the value of shipments from establishments in one industry to establishments classified in another industry. However, weights for commodity price indexes are based on gross shipment values, including shipment values between establishments within the same industry. As a result, broad commodity grouping indexes such as the all commodities index are affected by the multiple counting of price change at successive stages of processing, which can lead to exaggerated or misleading signals about inflation. Stage-of- processing indexes partially correct this defect, but industry indexes consistently correct for this at all levels of aggregation. Therefore, industry and stage-of-processing indexes are more appropriate than broad commodity groupings for economic analysis of general price trends. Weights for most traditional commodity groupings of the PPI, as well as all indexes (such as stage-of-processing indexes) calculated from traditional commodity groupings, currently reflect 1987 values of shipments as reported in the Census of Manufactures and other sources. From January 1987 through December 1991, PPI weights were derived from 1982 shipment values. Industry indexes shown in table 4 are also now calculated with 1987 net output weights. Effective with publication of January 1988 data, many important PPI series (including stage-of-processing groupings and most commodity groups and individual items) were placed on a new reference base, 1982=100, to coincide with the reference year of the shipment weights. From 1971 through 1987, the standard reference base for most PPI series was 1967=100. Except for rounding differences, the shift to the new reference base did not alter any changes to previously published percent changes for affected PPI series. (See "Calculating Index Changes," below.) The new reference base is not used for indexes with a base later than December 1981, nor for indexes for the net output of industries and their products. For further information on the underlying concepts and methodology of the Producer Price Index, see chapter 16, "Producer Prices," in BLS Handbook of Methods (September 1992), Bulletin 2414. Reprints are available from the Bureau of Labor Statistics on request. Calculating Index Changes Movements of price indexes from one month to another are usually expressed as percent changes rather than as changes in index points because index point chances are affected by the level of the index in relation to its base period, while percent changes are not. The box shows the computation of index point and percent changes. Percent changes for 3-month and 6-month periods can be expressed as annual rates that are computed according to the standard formula for compound growth rates. These data indicate what the percent change would be if the rate for a given 3- or 6-month span were maintained for a 12-month period. Index Point Change Finished Goods Price Index 107.5 Less previous index 104.0 Equals index point change 3.5 Index Percent Change Index point change 3.5 Divided by the previous index 104.0 Equals 0.034 Result multiplied by 100 0.034 x 100 Equals percent change 3.4 Each index measures price changes from a reference period which equals 100.0 (1982 or some later month). An increase of 5.5 percent from the reference period in the Finished Goods Price Index, for example, is shown as 105.5. This change can also be expressed in dollars as follows: "Prices received by domestic producers of a systematic sample of finished goods have risen from $100 in 1982 to $105.50 to-day." Likewise, a current index of 90.0 would indicate that prices received by producers of finished goods today are 10 percent lower than they were in 1982. Seasonally Adjusted and Unadjusted Data Because price data are used for different purposes by different groups, the Bureau of Labor Statistics publishes seasonally adjusted as well as unadjusted changes each month. Seasonally adjusted data are preferred for analyzing general price trends in the economy because they eliminate the effect of changes that normally occur at about the same time and in about the same magnitude every year-such as price movements resulting from normal weather patterns, regular production and marketing cycles, model changeovers, seasonal discounts, and holidays. For these reasons, seasonally adjusted data more clearly reveal underlying cyclical trends. Unadjusted data are of primary interest to users who need information which can be related to actual dollar values of transactions. Individuals requiring this information include marketing specialists, purchasing agents, budget and cost analysts, contract specialists, and commodity traders. It is the unadjusted data that are generally cited in escalating long-term contracts such as purchasing agreements or real estate leases. (See Escalation and Producer Price Indexes: A Guide for Contracting Parties, BLS Report 807, September 1991, available on request from BLS.) For more information, see "Appendix A: Seasonal Adjustment Methodology at BLS," in the BLS Handbook of Methods (September 1992), Bulletin 2414.