FOR DATA ONLY: (202) 606-7828 USDL 00-11 FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN (202) 691-7705 THIS RELEASE IS EMBARGOED MEDIA CONTACT: (202) 691-5902 UNTIL 8:30 A.M. (E.S.T), THURSDAY, http://stats.bls.gov/ppihome.htm JANUARY 13, 2000 Producer Price Indexes -- December 1999 The Producer Price Index for Finished Goods advanced 0.3 percent in December, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This rise followed a 0.2-percent increase in November and a 0.1-percent decline in October. Prices received by producers of intermediate goods gained 0.2 percent, following a 0.3- percent advance in the prior month. The crude goods index decreased 3.9 percent, after posting a 4.0-percent increase in November. (See table A.) Table A. Monthly and annual percent changes in selected stage-of- processing price indexes, seasonally adjusted Finish ed goods Change in Except Finished Inter- goods foods From 12 mediate Crude and months Month Total Foods Energy energy ago goods goods (unadj.) 1998 Dec. 0.5 0.0 -1.8 1.0 0.0 -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 0 .3 -.4 -.1 1.5 .3 .3 July .2 -.6 3.0 .1 1.5 .7 .1 Aug. .5 r.2 r3.7 -.1 2.3 .6 r5.0 Sept. r1.0 1.0 r2.3 r.7 3.2 r.4 r4.2 Oct. -.1 -.7 -1.0 .3 2.7 .3 -1.6 Nov. .2 .1 1.4 0 3.1 .3 4.0 Dec. .3 .4 1.2 .1 3.0 .2 -3.9 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for August 1999 have been revised to reflect the availability of late reports and corrections by respondents. -2- In December, the index for finished energy goods increased 1.2 percent and was the largest contributor to this month's rise in finished goods prices. Prices for finished goods other than foods and energy edged up 0.1 percent, after showing no change a month earlier; the indexes for finished consumer foods, consumer goods other than foods and energy, and for capital equipment each advanced in December. Before seasonal adjustment, the Producer Price Index for Finished Goods showed no change for the second consecutive month, to remain at 135.0 (1982=100). From December 1998 to December 1999, finished goods prices advanced 3.0 percent, after showing no change during 1998. Leading this acceleration, the index for finished energy goods surged 18.4 percent in 1999, following an 11.7-percent drop in the previous calendar year. Prices for finished consumer foods increased 0.9 percent during 1999, after edging up 0.1 percent during the 12 months ended December 1998. By contrast, the index for finished goods other than foods and energy rose 0.9 percent in 1999, following a 2.5-percent gain in 1998. At the earlier stages of processing, the intermediate goods index advanced 3.9 percent from December 1998 to December 1999, after registering a 3.3-percent decline during 1998. Prices for crude materials for further processing increased 15.7 percent in 1999, following a 16.7-percent decrease in the prior calendar year. (See table B.) Finished goods The index for finished energy goods rose 1.2 percent in December, after posting a 1.4-percent gain in November. An 8.5-percent increase in December gasoline prices was the main factor behind the advance in finished energy goods prices. For the 12 months ended December 1999, gasoline prices increased 76.4 percent, the largest 12-month rate of increase since a 78.0-percent gain in May 1980. Other noteworthy December price increases were registered for home heating oil and finished lubricants. On the other hand, prices for residential electric power, residential natural gas, and liquefied petroleum gas fell in December. The finished consumer foods index advanced 0.4 percent, after registering a 0.1-percent gain in November. Prices for fresh and dry vegetables rose 32.3 percent, following a 0.6-percent increase a month earlier. The indexes for beef and veal and for fresh fruits and melons advanced, after falling in the prior month. Pork prices gained more than a month ago, while the finfish and shellfish index decreased less than in the previous month. By contrast, prices for dairy products declined 6.3 percent in December, following a 1.3-percent decrease a month ago. The index for eggs for fresh use fell, after rising last month. Prices for processed young chickens and soft drinks increased less than a month earlier. Table B. Summary of December-to-December percent changes for selected stages of process Finished goods Intermediate Crude goods goods Year Total Except Total Except Total Except foods foods foods and and and energy energy energy 1990 5.7 3.5 4.3 1.9 6.0 0.6 1991 -.1 3.1 -2.6 -.8 -11.6 -7.6 1992 1.6 2.0 1.0 1.2 3.3 5.7 1993 .2 .4 1.0 1.6 .1 10.7 1994 1.7 1.6 4.4 5.2 -.5 17.3 1995 2.3 2.6 3.3 3.2 5.5 -4.2 1996 2.8 .6 .7 -.9 14.7 -5.5 1997 -1.2 0 -.8 .3 -11.3 0 1998 0 2.5 -3.3 -1.6 -16.7 -16.0 1999 3.0 .9 3.9 1.9 15.7 13.6 -3- Prices for finished consumer goods other than foods and energy advanced 0.1 percent, the same as in November. Rising prices for passenger cars, women's apparel, book publishing, and floor coverings slightly outweighed falling prices for alcoholic beverages, sanitary papers and health products, and prescription drugs. From December 1998 to December 1999, the index for finished consumer goods other than foods and energy increased 1.2 percent, after posting a 4.2-percent gain 1998. This deceleration is due primarily to a slowdown in the rate of increase in cigarette and prescription-drug prices. The capital equipment index gained 0.1 percent in December, following a 0.1-percent drop in November. The index for light motor trucks showed no change, after posting a 1.1-percent decline a month earlier. Prices for communication and related equipment also showed no change, after falling in the previous month. The x-ray and electromedical equipment index increased, after decreasing a month ago. Prices for civilian aircraft and passenger cars rose more than in the prior month. Conversely, the index for transformers and power regulators fell 0.1 percent, following a 2.4- percent advance in November. Prices for agricultural machinery and equipment and for truck trailers also fell, after rising a month ago. For the 12 months ended December 1999, capital equipment prices increased 0.3 percent, after posting no change during the previous calendar year. Table C. 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 Exclud- crude goods ing from ing from foods 12 months Energy foods 12 months and ago and ago Month Foods Energy energy (unadj.) Foods (unadj.) energy (unadj.) 1998 Dec. -0.6 -3.5 -0.2 -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 .4 .4 .3 -.4 .3 0 .8 -.2 July -1.1 3.3 .4 .3 -4.3 4.3 1.8 -.2 Aug. 1.0 r2.5 .2 r1.1 3.5 r8.6 1.9 r9.3 Sept. 1.3 r1.9 .1 1.9 1.3 r7.8 2.2 16.1 Oct. .5 .2 .4 2.4 -.1 -4.8 2.4 11.6 Nov. -.5 1.8 .1 3.0 1.0 8.8 .3 16.0 Dec. -1.5 1.4 .2 3.9 -1.6 -8.7 1.8 15.7 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for August 1999 have been revised to reflect the availability of late reports and corrections by respondents. -4- Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components increased 0.2 percent in December, seasonally adjusted, after registering a 0.3-percent rise in November. Rising prices for materials for nondurable manufacturing, durable manufacturing materials, materials and components for construction, and intermediate energy goods more than offset falling prices for intermediate food and feeds. Excluding foods and energy, the index for intermediate materials rose 0.2 percent, following a 0.1-percent increase in November. (See table C.) The index for nondurable manufacturing materials advanced 0.5 percent in December, after rising 0.2 percent in November. The index for plastic resins and materials gained 1.3 percent, after edging up 0.1 percent in the previous month. Prices for basic organic chemicals also rose more than a month ago. The paperboard index fell less than last month, and prices for nitrogenates and finished fabrics turned up, after falling in the prior month. By contrast, the index for paper edged up 0.1 percent in December, after advancing 1.0 percent in November. Prices for gray fabrics and for alkalies and chlorine turned down, after rising a month ago. The index for phosphates fell more than last month. From December 1998 to December 1999, prices for nondurable manufacturing materials rose 4.1 percent, following a 5.3-percent decline in 1998. Prices for materials for durable manufacturing rose 0.5 percent in December, following a 0.2-percent increase in November. Prices for aluminum mill shapes advanced 1.5 percent in December, after increasing 0.1 percent last month. The index for original equipment automobile stampings rose 0.5 percent, following no change from the previous month. Prices for silver, semi-finished steel mill products, and for building paper and board turned up, after falling a month ago. Conversely, the index for hot rolled bars, plates, and structural shapes increased 0.1 percent in December, following a 0.7-percent advance in November. Prices for flat glass, copper cathode and refined copper, and prepared paint turned down, after rising in the prior month. Plywood prices rose less than the prior month. The index for materials for durable manufacturing posted a 2.6-percent gain during 1999, following a 5.5-percent drop in the previous year. The index for materials and components for construction increased 0.3 percent in December, after edging up 0.1 percent in November. The index for fabricated structural metal products rose 0.6 percent, after a 0.1- percent gain last month. Softwood lumber prices also advanced at a greater rate than in the prior month. The indexes for nonferrous wire and cable, switchgear and switchboard equipment, and air conditioning and refrigeration equipment turned up, after falling in the previous month. By contrast, prices for plastic construction products increased less than in November. Millwork prices fell, after showing no change last month. The indexes for plywood, wiring devices, and gypsum products rose less than a month ago. For the 12 months ended in December 1999, prices for materials and components for construction rose 2.1 percent, following a 0.1-percent increase in the prior year. Prices for intermediate energy goods rose 1.4 percent in December, following a 1.8-percent advance in November. The commercial electric power index turned down 3.2 percent, following a 0.7-percent gain a month earlier. Prices for industrial electric power, commercial natural gas, industrial natural gas, and liquefied petroleum gas also turned down, after increasing in the previous month. By contrast, gasoline prices advanced 8.5 percent in December, following a 0.1-percent rise in November. Prices for jet fuels and residual fuels increased more than a month ago. The intermediate energy goods index advanced 21.1 percent during 1999, after registering a 12.1-percent decline during all of 1998. -5- The index for intermediate foods and feeds fell 1.5 percent in December, following a 0.5-percent decline in November. The index for fluid milk products fell 12.5 percent in December, following a 0.3-percent gain a month ago. Flour prices also turned down, after rising in the previous month. The indexes crude vegetable oils and bulk liquid milk products fell more than a month earlier. By contrast, prices for beef and veal turned up 2.3 percent in December, after dropping 5.7 percent in November. The pork index rose more than in the prior month. Prices for confectionery materials turned up, after falling last month. During 1999, prices for intermediate foods and feeds fell 3.9 percent, after declining 7.3 percent in 1998. Crude Goods The Producer Price Index for Crude Materials for Further Processing decreased 3.9 percent in December, seasonally adjusted, following a 4.0- percent increase in November. Prices turned down for both crude energy materials and for crude foodstuffs and feedstuffs, after rising in the prior month. By contrast, prices for basic industrial materials increased more rapidly than they had a month ago. (See table C.) The index for crude energy materials dropped 8.7 percent, after increasing 8.8 percent in November. Prices for natural gas fell 22.4 percent, following an 11.7 percent advance in November. Coal prices fell more than in the prior month. Price increases for crude petroleum slowed to 8.6 percent in December from 9.2 percent in November. The crude energy materials index rose 38.6 percent during 1999, following a 23.8-percent decrease in 1998. Prices for crude foodstuffs and feedstuffs fell 1.6 percent, following a 1.0-percent rise in November. The index for corn fell 0.9 percent, after an 11.5-percent rise in the prior month. Wheat and alfalfa hay prices also turned down, following increases a month ago. Price increases slowed from November to December for slaughter broilers and fryers. By contrast, the index for slaughter cattle advanced 0.7 percent, after a 1.6-percent decrease in the previous month. Prices for fresh fruits and melons also rose, following a decline in November. The index for fresh and dry vegetables increased more than a month earlier, and prices for raw cane sugar fell less than a month ago. During 1999, prices for crude foodstuffs and feedstuffs dipped 0.2 percent, after falling 11.0 percent in 1998. Prices for crude nonfood materials less energy increased 1.8 percent in December, after rising 0.3 percent a month ago. Prices for cattle hides increased 14.2 percent, after falling 10.1 percent in November. Prices for leaf tobacco and copper ores also turned up, following a decrease a month earlier. The gold ores index fell less than in November. By contrast, the index for pulpwood logs declined 6.1 percent, after edging down 0.2 percent in the prior month. The indexes raw cotton and phosphates also fell more than in the prior month. Prices for wastepaper, iron and steel scrap, and for softwood logs, bolts, and timber rose more slowly in December than in the prior month. The basic industrial materials index rose 13.6 percent in 1999, following a 16.0-percent decline in 1998. -6- Net output price indexes for mining, manufacturing, and other industries Mining. The Producer Price Index for the Net Output of Total Mining Industries fell 6.8 percent in December, following a 6.2 percent rise in November. (Net output price indexes are not seasonally adjusted.) In December, within the oil and gas extraction industry group, prices for crude petroleum, natural gas, and natural gas liquids moved down 9.2 percent, after showing a 9.6-percent increase in the prior month. The index for the coal mining industry group fell 1.6 percent, after decreasing 0.5 percent in November. By contrast, price declines for the metal mining group slowed to 1.2 percent in December from 5.5 percent a month earlier. In December, the Producer Price Index for the Net Output of Total Mining Industries stood at 87.5 (December 1984=100). From December 1998 through December 1999, this index increased 31.0 percent, following a 19.7-percent decrease in the prior year. Manufacturing. The Producer Price Index for the Net Output of Total Manufacturing Industries increased 0.2 percent in December, the same amount that it rose in November. Increases were registered for the petroleum refining and related products, chemicals and allied products, and lumber and wood products industry groups. By contrast, prices declined for the food and kindred products, transportation equipment, and nonmetallic mineral products industry groups. In December, the Producer price Index for the Net Output of Total Manufacturing Industries stood at 130.6 (December 1984=100). From December 1998 through December 1999, this index rose 3.7 percent, following a 0.9-percent decline in 1998. Other. Among other services in December, prices for the prepackaged software industry turned up 12.1 percent, following an 18.0-percent decline in the previous month. Increases were also registered for the operators and lessors of nonresidential buildings, offices and clinics of doctors of medicine, trucking (except local), and scheduled air transportation industries. Decreases occurred for the passenger car rental, hotels and motels, life insurance carriers, and telephone communications (except radiotelephone) industries. ***** Producer Price Index data for January 2000 will be released on Thursday, February 17, 2000 at 8:30 a.m. (E.S.T.) -7- Recalculated Seasonal Adjustment Factors and Relative Importances to be Available on February 15, 2000 Each year with the release of PPI data for January, seasonal adjustment factors are recalculated to reflect price movements from the just-completed calendar year. This routine annual calculation may result in revisions to seasonally adjusted indexes for the previous 5 years. As in previous years, the following information will be available on February 15, 2000 (2 work days prior to the release of PPI data for January 2000 on February 17): - Seasonal factors for commodity indexes for the year 2000, - Recalculated seasonal factors for the last 5 years (1995-99) for the commodity indexes, - Recalculated seasonal factors for the last 5 years (1995-99) for the stage-of-processing indexes. In addition to recalculated seasonal factors, relative importances, as of December 1999, will also be available on February 15, 2000, at ftp://ftp.bls.gov which is the BLS ftp site. Choose the "pub" directory, the "special.requests" directory, and the "ppi" directory. To request any of this information, call the Division of Industrial Prices and Price Indexes, Section of Index Analysis and Public Information at (202) 691-7705. 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| |Dec. 1999 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to |Nov. to | 1998 1/|1999 2/|1999 2/|1999 2/| 1998 | 1999 | Oct. | Nov. | Dec. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 133.7 135.0 135.0 3.0 0 -0.1 0.2 0.3 Finished consumer goods........................| 74.783 133.2 134.5 134.4 3.9 -.1 -.3 .4 .4 Finished consumer foods......................| 23.285 135.9 135.4 135.7 .9 .2 -.7 .1 .4 Crude......................................| 1.701 123.8 118.6 125.6 -2.9 5.9 -3.4 1.0 6.2 Processed..................................| 21.584 136.8 136.7 136.5 1.2 -.1 -.5 0 .1 Finished consumer goods, excluding foods.....| 51.498 131.9 133.9 133.7 5.2 -.1 -.1 .4 .4 Nondurable goods less foods................| 35.202 130.4 132.0 131.8 7.4 -.2 -.3 .7 .4 Durable goods..............................| 16.296 131.6 134.6 134.6 .6 0 .5 -.1 .3 Capital equipment..............................| 25.217 136.9 138.3 138.3 .3 0 .3 -.1 .1 Manufacturing industries.....................| 6.607 138.3 138.7 138.7 .4 0 .1 0 .1 Nonmanufacturing industries..................| 18.610 136.3 138.0 138.0 .2 0 .3 -.1 .2 | Intermediate materials, supplies, and components.| 100.000 124.6 125.4 125.6 3.9 .2 .3 .3 .2 Materials and components for manufacturing.....| 47.713 125.0 126.0 126.1 1.6 .1 .6 0 .1 Materials for food manufacturing.............| 3.633 121.1 121.4 118.5 -4.4 -2.4 .1 -.8 -2.1 Materials for nondurable manufacturing.......| 15.730 125.5 127.8 128.4 4.1 .5 1.1 .2 .5 Materials for durable manufacturing..........| 10.415 126.2 126.8 127.4 2.6 .5 .6 .2 .5 Components for manufacturing.................| 17.935 125.6 125.7 125.7 -.1 0 .2 -.2 0 Materials and components for construction......| 14.004 150.4 149.3 149.7 2.1 .3 -.3 .1 .3 Processed fuels and lubricants.................| 11.845 90.0 91.2 91.7 21.0 .5 .2 1.7 1.4 Manufacturing industries ....................| 4.580 92.2 92.7 93.4 14.2 .8 .1 1.5 1.1 Nonmanufacturing industries..................| 7.265 88.5 90.0 90.4 25.4 .4 .2 1.8 1.7 Containers.....................................| 3.881 143.6 146.5 146.5 5.6 0 .1 -.1 -.1 Supplies.......................................| 22.557 134.2 135.1 135.2 .7 .1 .3 .1 .1 Manufacturing industries.....................| 5.131 140.9 141.5 141.6 .6 .1 .2 .1 .1 Nonmanufacturing industries..................| 17.426 131.4 132.3 132.4 .6 .1 .4 .1 .1 Feeds......................................| 1.242 87.8 90.6 90.7 -2.7 .1 1.9 .3 .1 Other supplies.............................| 16.184 136.6 137.3 137.4 .9 .1 .3 .1 .1 | Crude materials for further processing...........| 100.000 103.1 108.6 103.9 15.7 -4.3 -1.6 4.0 -3.9 Foodstuffs and feedstuffs......................| 45.019 100.1 99.5 96.8 -.2 -2.7 -.1 1.0 -1.6 Nonfood materials..............................| 54.981 101.5 110.9 105.0 28.7 -5.3 -2.4 5.9 -5.3 Nonfood materials except fuel 3/.............| 29.160 96.2 104.7 109.5 51.2 4.6 -1.7 3.9 4.6 Manufacturing 3/...........................| 27.653 87.9 95.8 100.4 53.8 4.8 -1.9 4.0 4.7 Construction...............................| 1.507 196.8 200.2 201.4 6.9 .6 1.6 1.0 .3 Crude fuel 4/................................| 25.821 100.5 110.5 90.5 3.2 -18.1 -3.4 8.7 -18.1 Manufacturing industries...................| 2.104 99.7 110.1 90.5 7.5 -17.8 -5.3 9.1 -17.8 Nonmanufacturing industries................| 23.717 102.4 112.5 92.1 2.8 -18.1 -3.2 8.6 -18.1 | Special groupings | | Finished goods, excluding foods..................|5/ 76.715 133.0 134.8 134.7 3.6 -.1 .1 .2 .3 Intermediate materials less foods and feeds......|6/ 95.125 125.4 126.2 126.5 4.3 .2 .3 .3 .4 Intermediate foods and feeds.....................|6/ 4.875 110.9 112.0 110.0 -3.9 -1.8 .5 -.5 -1.5 Crude materials less agricultural products 3/ 7/.|8/ 52.084 102.0 111.7 105.6 31.0 -5.5 -2.7 6.3 -5.5 | Finished energy goods............................|5/ 11.972 83.5 84.0 83.8 18.4 -.2 -1.0 1.4 1.2 Finished goods less energy.......................|5/ 88.028 142.5 144.0 144.0 .8 0 0 -.1 .2 Finished consumer goods less energy..............|5/ 62.811 144.9 146.4 146.5 1.1 .1 -.1 .1 .3 | Finished goods less foods and energy.............|5/ 64.743 145.2 147.4 147.4 .9 0 .3 0 .1 Finished consumer goods less foods and energy....|5/ 39.526 150.7 153.5 153.4 1.2 -.1 .3 .1 .1 Consumer nondurable goods less foods and energy..|5/ 23.230 165.7 168.3 168.1 1.6 -.1 .2 .2 -.1 | Intermediate energy goods........................|6/ 11.941 89.6 90.9 91.4 21.1 .6 .2 1.8 1.4 Intermediate materials less energy...............|6/ 88.059 132.3 133.0 133.1 1.5 .1 .4 .1 .1 Intermediate materials less foods and energy.....|6/ 83.184 133.7 134.4 134.6 1.9 .1 .4 .1 .2 | Crude energy materials 3/........................|8/ 33.303 87.3 97.5 89.0 38.6 -8.7 -4.8 8.8 -8.7 Crude materials less energy......................|8/ 66.697 109.4 110.6 109.3 4.2 -1.2 .6 .8 -.4 Crude nonfood materials less energy 4/...........|8/ 21.678 136.8 142.8 145.5 13.6 1.9 2.4 .3 1.8 | _______________________________________________________________________________________________________________________________ 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 August 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 | | |Dec. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to|Nov. to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | Oct. | Nov. | Dec. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 133.7 135.0 135.0 3.0 0 -0.1 0.2 0.3 | FINISHED CONSUMER GOODS...............................| 133.2 134.5 134.4 3.9 -.1 -.3 .4 .4 | FINISHED CONSUMER FOODS..............................| 135.9 135.4 135.7 .9 .2 -.7 .1 .4 | | 01-11 | Fresh fruits and melons 2/..........................| 98.2 93.0 93.6 6.0 .6 1.7 -13.2 .6 01-13 | Fresh and dry vegetables 2/.........................| 111.0 108.8 143.9 4.4 32.3 -10.2 .6 32.3 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 82.7 85.8 74.7 -27.4 -12.9 -16.3 22.0 -15.5 02-11 | Bakery products 2/..................................| 177.9 178.8 179.4 1.5 .3 .2 .2 .3 02-13 | Milled rice 2/......................................| 125.0 106.2 106.7 -17.1 .5 -14.4 1.0 .5 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.0 122.0 122.0 -.3 0 0 0 0 02-21-01 | Beef and veal.......................................| 110.2 108.5 109.5 10.8 .9 1.4 -5.7 2.3 02-21-04 | Pork................................................| 102.1 95.8 104.2 29.9 8.8 -5.9 .9 8.2 02-22-03 | Processed young chickens............................| 112.9 112.7 111.9 -7.1 -.7 -2.5 7.3 3.3 02-22-06 | Processed turkeys...................................| 96.3 106.2 103.0 5.5 -3.0 -.8 5.7 -.3 02-23 | Finfish and shellfish...............................| 189.0 197.7 190.5 8.5 -3.6 -3.0 -2.2 -.9 02-3 | Dairy products......................................| 139.9 142.5 132.7 -10.6 -6.9 -1.1 -1.3 -6.3 02-4 | Processed fruits and vegetables 2/..................| 127.7 128.5 129.6 1.9 .9 -.2 .9 .9 02-55 | Confectionery end products 2/.......................| 171.1 171.1 170.7 .9 -.2 -.2 .1 -.2 02-62 | Soft drinks.........................................| 138.5 139.3 139.3 3.3 0 .4 .9 .1 02-63-01 | Roasted coffee 2/...................................| 135.0 132.4 132.8 -3.0 .3 -.8 .1 .3 02-78 | Shortening and cooking oils 2/......................| 139.7 136.8 134.2 -9.4 -1.9 -2.6 -1.8 -1.9 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 131.9 133.9 133.7 5.2 -.1 -.1 .4 .4 | | 02-61 | Alcoholic beverages.................................| 136.6 137.8 136.4 -.1 -1.0 .2 0 -1.0 03-81-01 | Women's apparel 2/..................................| 123.9 122.6 123.9 .6 1.1 .4 0 1.1 03-81-02 | Men's and boys' apparel.............................| 132.9 132.7 132.7 -.5 0 -.1 .2 0 03-81-03 | Girls', children's, and infants' apparel 2/.........| 117.8 118.1 118.0 -2.5 -.1 .3 1.3 -.1 03-82 | Textile housefurnishings 2/.........................| 122.9 122.5 122.0 -1.0 -.4 -.1 0 -.4 04-3 | Footwear............................................| 144.6 144.7 144.9 0 .1 .1 .1 0 05-41 | Residential electric power (Dec. 1990=100)..........| 113.2 108.7 107.3 -.2 -1.3 -.5 .7 -1.0 05-51 | Residential gas (Dec. 1990=100).....................| 114.4 121.1 118.6 1.2 -2.1 .3 2.7 -2.9 05-71 | Gasoline............................................| 75.0 74.4 76.2 76.4 2.4 -3.8 .1 8.5 05-73-02-01| Fuel oil No. 2......................................| 60.1 71.8 72.8 87.6 1.4 -5.5 7.5 3.8 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 336.9 340.8 339.8 1.3 -.3 1.2 -.2 -.3 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 186.1 186.7 186.7 .9 0 -.1 0 0 06-71 | Soaps and synthetic detergents 2/...................| 126.7 127.3 127.3 1.4 0 .1 -.1 0 06-75 | Cosmetics and other toilet preparations 2/..........| 135.9 136.5 136.6 2.2 .1 .2 1.5 .1 07-12 | Tires, tubes, tread, etc 2/.........................| 92.8 93.5 93.5 -.4 0 -1.3 2.0 0 09-15-01 | Sanitary papers and health products 2/..............| 143.1 145.1 143.3 -1.6 -1.2 .2 .7 -1.2 09-31-01 | Newspaper circulation 2/............................| 206.9 207.2 207.1 1.4 0 0 -.3 0 09-32-01 | Periodical circulation..............................| 197.7 197.0 196.9 .5 -.1 -.3 .4 .2 09-33 | Book publishing 2/..................................| 210.9 215.9 218.0 2.7 1.0 1.3 .6 1.0 12-1 | Household furniture 2/..............................| 150.5 151.2 151.4 1.2 .1 .4 -.1 .1 12-3 | Floor coverings 2/..................................| 126.9 128.0 128.6 .5 .5 .8 -.1 .5 12-4 | Household appliances ...............................| 108.7 108.0 108.0 -.7 0 -.6 0 .2 12-5 | Home electronic equipment 2/........................| 73.9 73.2 73.2 -1.7 0 -.3 -.7 0 12-62 | Household glassware 2/..............................| 164.3 164.3 164.2 1.1 -.1 .1 -.1 -.1 12-64 | Household flatware 2/...............................| 139.3 139.3 140.0 0 .5 0 0 .5 12-66 | Lawn and garden equip., ex. tractors 2/.............| 131.9 131.8 132.0 -.2 .2 -.2 0 .2 14-11-01 | Passenger cars......................................| 127.4 135.9 135.8 1.3 -.1 1.1 .2 .7 15-11 | Toys, games, and children's vehicles................| 122.6 122.6 122.7 -1.0 .1 .5 -.6 .2 15-12 | Sporting and athletic goods 2/......................| 126.1 125.8 125.9 -.2 .1 -.4 .1 .1 15-2 | Tobacco products 2/.................................| 363.9 394.8 395.3 8.6 .1 0 .1 .1 15-5 | Mobile homes 2/.....................................| 158.6 159.8 159.5 2.4 -.2 .6 -.1 -.2 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 125.4 127.2 127.1 -.5 -.1 .6 1.0 -.1 15-94-04 | Costume jewelry and novelties 2/....................| 140.1 140.1 142.5 2.0 1.7 0 0 1.7 | | | CAPITAL EQUIPMENT.....................................| 136.9 138.3 138.3 .3 0 .3 -.1 .1 | | 11-1 | Agricultural machinery and equipment 2/.............| 152.2 151.6 151.5 .5 -.1 .1 .2 -.1 11-2 | Construction machinery and equipment................| 147.4 147.7 147.8 1.6 .1 .1 .1 .1 11-37 | Metal cutting machine tools 2/......................| 161.0 160.9 161.0 .5 .1 .1 0 .1 11-38 | Metal forming machine tools 2/......................| 159.8 160.0 160.0 .9 0 0 .1 0 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 140.1 140.3 140.3 .9 0 .1 .1 0 11-41 | Pumps, compressors, and equipment...................| 151.9 152.1 152.1 1.6 0 .1 .1 .1 11-44 | Industrial material handling equipment 2/...........| 133.0 133.2 133.3 .9 .1 .2 .1 .1 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 83.5 81.2 80.3 -19.7 -1.1 -1.3 -1.0 -1.1 11-62 | Textile machinery 2/................................| 154.3 154.6 155.0 1.2 .3 0 .2 .3 11-64 | Paper industries machinery (June 1982=100)..........| 162.9 163.0 163.2 1.1 .1 .1 -.5 .1 11-65 | Printing trades machinery 2/........................| 141.2 141.4 141.4 .7 0 0 0 0 11-74 | Transformers and power regulators 2/................| 134.5 134.6 134.5 3.0 -.1 .1 2.4 -.1 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 112.1 112.1 112.1 -1.2 0 -.1 -.4 0 11-79-05 | X-ray and electromedical equipment 2/...............| 102.8 102.8 103.0 -2.9 .2 .1 -1.2 .2 11-91 | Oil field and gas field machinery ..................| 126.2 126.6 126.8 .4 .2 -.2 .1 .3 11-92 | Mining machinery and equipment 2/...................| 145.0 144.4 144.5 1.5 .1 .1 0 .1 11-93 | Office and store machines and equipment 2/..........| 112.4 112.4 112.4 .1 0 0 0 0 12-2 | Commercial furniture 2/.............................| 157.0 157.0 157.3 1.2 .2 0 0 .2 14-11-05 | Light motor trucks..................................| 154.4 159.7 158.7 .4 -.6 .8 -1.1 0 14-11-06 | Heavy motor trucks 2/...............................| 146.8 147.8 147.8 1.7 0 .1 0 0 14-14 | Truck trailers 2/...................................| 136.1 137.5 137.4 1.6 -.1 0 .1 -.1 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 151.1 152.4 152.5 1.1 .1 .5 .1 .3 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 145.8 0 0 0 0 0 14-4 | Railroad equipment..................................| 135.9 134.9 135.1 -.1 .1 -.1 -.2 .1 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 124.6 125.4 125.6 3.9 .2 .3 .3 .2 | | | INTERMEDIATE FOODS AND FEEDS..........................| 110.9 112.0 110.0 -3.9 -1.8 .5 -.5 -1.5 | | 02-12-03 | Flour 2/............................................| 106.1 103.9 99.2 -7.5 -4.5 -1.5 1.6 -4.5 02-53 | Refined sugar 2/....................................| 122.0 120.2 118.0 -1.9 -1.8 -.6 -.7 -1.8 02-54 | Confectionery materials.............................| 93.6 93.6 94.4 1.7 .9 3.4 -1.3 1.3 02-72 | Crude vegetable oils 2/.............................| 85.2 81.4 79.3 -35.0 -2.6 -4.3 -.4 -2.6 02-9 | Prepared animal feeds 2/............................| 97.0 99.5 99.5 -2.4 0 1.4 .3 0 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 125.4 126.2 126.5 4.3 .2 .3 .3 .4 | | 03-1 | Synthetic fibers 2/.................................| 103.0 103.5 103.7 -3.0 .2 .9 -.1 .2 03-2 | Processed yarns and threads 2/......................| 108.9 107.8 107.7 -3.2 -.1 0 0 -.1 03-3 | Gray fabrics 2/.....................................| 112.2 112.4 111.2 -6.4 -1.1 -.2 .1 -1.1 03-4 | Finished fabrics....................................| 122.8 122.9 122.8 .2 -.1 .2 -.1 .2 03-83-03 | Industrial textile products 2/......................| 129.3 130.2 130.2 1.2 0 .1 .3 0 04-2 | Leather.............................................| 176.1 178.7 178.2 .2 -.3 .3 0 -1.3 05-32 | Liquefied petroleum gas 2/..........................| 82.0 102.1 101.9 86.3 -.2 5.9 2.3 -.2 ____________________________________________________________________________________________________________________________________ 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 | | |Dec. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to|Nov. to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | Oct. | Nov. | Dec. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 136.2 130.1 126.3 0.9 -2.9 3.6 0.7 -3.2 05-43 | Industrial electric power...........................| 133.9 130.1 128.8 1.7 -1.0 2.0 1.4 -1.3 05-52 | Commercial natural gas (Dec. 1990=100)..............| 107.0 117.0 114.5 3.5 -2.1 -3.4 1.9 -4.7 05-53 | Industrial natural gas (Dec. 1990=100)..............| 100.8 111.6 112.9 7.4 1.2 -4.7 .8 -.7 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 80.1 91.4 93.7 14.5 2.5 -4.3 -5.2 5.1 05-72-03 | Jet fuels...........................................| 57.0 66.6 73.8 97.3 10.8 -2.6 3.1 14.9 05-73-03 | No. 2 Diesel fuel...................................| 65.6 71.5 74.9 92.1 4.8 -6.3 8.3 10.1 05-74 | Residual fuel 2/....................................| 56.2 64.3 73.6 105.6 14.5 -6.4 1.4 14.5 06-1 | Industrial chemicals 2/.............................| 118.2 122.8 124.1 4.4 1.1 2.0 .8 1.1 06-21 | Prepared paint......................................| 157.4 157.9 157.7 1.2 -.1 .2 .3 -.1 06-22 | Paint materials 2/..................................| 144.4 144.6 144.0 .3 -.4 .2 .1 -.4 06-31 | Medicinal and botanical chemicals ..................| 144.5 144.5 144.5 6.9 0 -.5 .1 .3 06-4 | Fats and oils, inedible 2/..........................| 78.9 97.8 93.3 -15.4 -4.6 11.8 -.9 -4.6 06-51 | Mixed fertilizers...................................| 114.2 111.1 111.3 -2.0 .2 -.1 -1.5 .3 06-52-01 | Nitrogenates........................................| 89.7 96.5 97.5 1.7 1.0 4.3 -.7 1.2 06-52-02 | Phosphates 2/.......................................| 113.2 107.1 105.0 -8.5 -2.0 -4.2 -.1 -2.0 06-53 | Other agricultural chemicals........................| 145.2 146.5 146.5 .1 0 .3 -.6 0 06-6 | Plastic resins and materials 2/.....................| 130.0 134.2 135.9 17.3 1.3 2.8 .1 1.3 07-11-02 | Synthetic rubber 2/.................................| 113.4 115.0 115.1 -.6 .1 .3 .8 .1 07-21 | Plastic construction products ......................| 130.2 132.0 131.9 5.6 -.1 .4 .9 .2 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 127.8 130.2 130.4 2.8 .2 .6 1.5 .2 07-26 | Plastic parts and components for manufacturing 2/...| 117.3 117.1 117.1 -.1 0 0 -.4 0 08-11 | Softwood lumber 2/..................................| 207.0 189.0 192.2 9.8 1.7 -4.3 .5 1.7 08-12 | Hardwood lumber ....................................| 176.3 179.6 180.8 2.6 .7 .6 1.0 .7 08-2 | Millwork 2/.........................................| 177.3 175.9 175.5 2.4 -.2 -.6 0 -.2 08-3 | Plywood 2/..........................................| 202.1 160.1 161.1 0 .6 -11.5 1.0 .6 09-11 | Woodpulp 2/.........................................| 123.7 127.8 130.7 12.0 2.3 -.6 1.6 2.3 09-13 | Paper...............................................| 141.7 144.6 145.3 2.8 .5 1.1 1.0 .1 09-14 | Paperboard..........................................| 158.6 162.3 162.4 13.1 .1 1.0 -1.4 -.5 09-15-03 | Paper boxes and containers 2/.......................| 159.9 164.3 164.1 8.0 -.1 .2 0 -.1 09-2 | Building paper and board 2/.........................| 150.5 141.0 141.5 9.4 .4 -3.1 -.1 .4 09-37 | Commercial printing (June 1982=100) 2/..............| 152.3 152.9 152.9 .1 0 .1 .3 0 10-15 | Foundry and forge shop products.....................| 135.1 135.0 135.1 .1 .1 .1 -.1 .1 10-17 | Steel mill products 2/..............................| 104.7 105.6 106.0 -2.5 .4 .8 .2 .4 10-22 | Primary nonferrous metals 2/........................| 104.1 111.2 112.0 14.8 .7 2.8 .8 .7 10-25-01 | Aluminum mill shapes 2/.............................| 139.4 142.0 144.1 5.1 1.5 3.7 .1 1.5 10-25-02 | Copper and brass mill shapes 2/.....................| 155.1 158.8 160.3 9.5 .9 -.7 .8 .9 10-26 | Nonferrous wire and cable 2/........................| 135.3 137.4 137.9 .4 .4 .7 -.7 .4 10-3 | Metal containers 2/.................................| 105.9 106.5 106.4 -.7 -.1 .5 0 -.1 10-4 | Hardware............................................| 149.7 149.9 150.0 1.9 .1 .3 .1 .1 10-5 | Plumbing fixtures and brass fittings................| 176.7 177.4 178.2 2.4 .5 .1 .3 .7 10-6 | Heating equipment...................................| 154.3 154.2 154.1 .1 -.1 .1 -.3 .1 10-7 | Fabricated structural metal products................| 143.2 143.7 144.3 1.1 .4 .2 .1 .6 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.3 130.3 129.9 -.2 -.3 .2 -.6 -.3 10-89 | Other misc. metal products 2/.......................| 125.3 125.7 125.8 0 .1 .2 0 .1 11-45 | Mechanical power transmission equipment.............| 161.6 161.7 162.1 2.0 .2 .2 0 -.1 11-48 | Air conditioning and refrigeration equipment........| 136.0 136.0 136.0 0 0 .4 -.2 .1 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.3 160.4 160.9 1.2 .3 0 .1 .3 11-49-05 | Ball and roller bearings............................| 166.9 167.0 166.7 .5 -.2 .1 .1 -.2 11-71 | Wiring devices......................................| 152.6 153.4 153.5 .6 .1 .7 .3 .2 11-73 | Motors, generators, motor generator sets............| 145.9 145.6 145.7 -.1 .1 0 .3 -.1 11-75 | Switchgear, switchboard, etc., equipment............| 151.1 151.3 151.3 1.0 0 .1 -.4 .2 11-78 | Electronic components and accessories 2/............| 97.7 98.9 98.6 -.5 -.3 .4 -.2 -.3 11-94 | Internal combustion engines.........................| 142.9 143.3 143.1 1.5 -.1 .1 .1 -.1 11-95 | Machine shop products 2/............................| 136.8 136.9 137.0 .1 .1 0 .1 .1 13-11 | Flat glass 2/.......................................| 107.1 106.9 106.3 -.5 -.6 -.5 .3 -.6 13-22 | Cement..............................................| 151.3 150.8 150.6 1.8 -.1 .1 .3 .3 13-3 | Concrete products...................................| 143.8 144.4 144.1 1.9 -.2 .3 .1 .1 13-6 | Asphalt felts and coatings 2/.......................| 99.1 99.8 100.1 .8 .3 0 0 .3 13-7 | Gypsum products 2/..................................| 214.1 223.2 227.4 23.1 1.9 2.2 2.1 1.9 13-8 | Glass containers 2/.................................| 125.9 125.7 125.7 -.2 0 0 0 0 14-12 | Motor vehicle parts 2/..............................| 113.9 113.5 113.5 -.9 0 .5 -.4 0 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 138.1 139.1 138.7 .9 -.3 1.0 .4 -.6 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 143.0 143.0 142.3 -1.0 -.5 0 0 -.5 15-42 | Photographic supplies 2/............................| 128.4 128.1 128.1 -.7 0 -.2 0 0 15-6 | Medical/surgical/personal aid devices...............| 144.8 145.4 145.3 .9 -.1 .6 -.1 -.1 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 103.1 108.6 103.9 15.7 -4.3 -1.6 4.0 -3.9 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 100.1 99.5 96.8 -.2 -2.7 -.1 1.0 -1.6 | | 01-21 | Wheat 2/............................................| 79.6 81.3 74.0 -13.9 -9.0 -3.9 5.0 -9.0 01-22-02-05| Corn................................................| 79.2 74.4 73.2 -12.4 -1.6 -4.9 11.5 -.9 01-31 | Slaughter cattle 2/.................................| 97.3 101.6 102.3 19.4 .7 5.8 -1.6 .7 01-32 | Slaughter hogs......................................| 62.0 55.2 60.9 266.9 10.3 5.8 6.2 7.3 01-41-02 | Slaughter broilers/fryers...........................| 126.9 139.5 134.8 -4.7 -3.4 -2.6 16.2 4.3 01-42 | Slaughter turkeys...................................| 130.6 138.7 123.1 -.4 -11.2 -3.4 -2.9 -3.4 01-6 | Fluid milk..........................................| 112.6 104.5 90.6 -31.6 -13.3 -5.6 -8.9 -12.7 01-83-01-31| Soybeans 2/.........................................| 79.9 78.6 76.5 -17.5 -2.7 -2.8 -1.8 -2.7 02-52-01-01| Cane sugar,raw 2/...................................| 115.2 99.8 97.0 -17.5 -2.8 -3.9 -8.9 -2.8 | | | CRUDE NONFOOD MATERIALS..............................| 101.5 110.9 105.0 28.7 -5.3 -2.4 5.9 -5.3 | | 01-51-01-01| Raw cotton..........................................| 83.4 80.3 78.2 -20.8 -2.6 3.0 -.7 -2.3 01-92-01-01| Leaf tobacco 2/.....................................| 96.4 104.1 112.0 -.3 7.6 3.9 -5.0 7.6 04-11 | Cattle hides 2/.....................................| 143.0 141.2 161.2 12.2 14.2 4.8 -10.1 14.2 05-1 | Coal 2/.............................................| 90.2 89.6 87.3 -10.1 -2.6 5.5 -.6 -2.6 05-31 | Natural gas 2/......................................| 104.3 118.4 91.9 10.2 -22.4 -6.4 11.7 -22.4 05-61 | Crude petroleum 2/..................................| 57.2 66.2 71.9 175.5 8.6 -7.3 9.2 8.6 08-5 | Logs, timber, etc...................................| 202.2 206.7 206.1 4.1 -.3 2.1 .8 -.5 09-12 | Wastepaper 2/.......................................| 208.5 238.0 243.8 109.6 2.4 4.4 5.9 2.4 10-11 | Iron ore 2/.........................................| 94.8 94.8 94.8 -.4 0 0 0 0 10-12 | Iron and steel scrap 2/.............................| 143.4 155.9 166.2 40.3 6.6 .3 6.9 6.6 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 62.1 67.0 65.9 6.5 -1.6 12.1 -6.9 -1.6 10-23-01 | Copper base scrap 2/................................| 115.3 114.6 116.0 15.4 1.2 -1.8 -.7 1.2 10-23-02 | Aluminum base scrap.................................| 171.1 173.6 177.2 22.5 2.1 .3 .3 1.0 13-21 | Construction sand, gravel, and crushed stone........| 157.8 158.2 158.7 2.9 .3 .3 .4 .4 ____________________________________________________________________________________________________________________________________ 1/ The indexes for August 1999 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes are 3/ Not available. 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 | Aug. 1999 | Nov. 1999 | Dec. 1999 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 375.3 | 378.9 | 378.9 | | All commodities................................| 126.9 | 128.4 | 128.0 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 120.9 | 120.6 | 119.7 | 01 | Farm products................................| 99.0 | 97.6 | 96.7 | 02 | Processed foods and feeds....................| 131.8 | 132.0 | 131.1 | | | | | | | Industrial commodities.........................| 128.1 | 129.9 | 129.6 | 03 | Textile products and apparel.................| 120.9 | 120.6 | 120.7 | 04 | Hides, skins, leather, and related products..| 146.3 | 146.6 | 149.4 | 05 | Fuels and related products and power 2/......| 86.5 | 89.6 | 87.8 | 06 | Chemicals and allied products 2/.............| 144.6 | 147.1 | 147.6 | 07 | Rubber and plastic products..................| 122.8 | 123.4 | 123.5 | 08 | Lumber and wood products.....................| 189.6 | 181.6 | 182.5 | 09 | Pulp, paper, and allied products.............| 175.2 | 177.5 | 177.9 | 10 | Metals and metal products....................| 124.9 | 126.6 | 127.3 | 11 | Machinery and equipment......................| 124.0 | 124.2 | 124.2 | 12 | Furniture and household durables.............| 131.8 | 131.9 | 132.1 | 13 | Nonmetallic mineral products.................| 139.5 | 140.1 | 140.2 | 14 | Transportation equipment.....................| 140.4 | 143.2 | 143.0 | 15 | Miscellaneous products.......................| 164.8 | 169.3 | 169.8 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 139.5 | 140.8 | 141.1 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 112.1 | 104.8 | 118.8 | 01-2 | Grains.........................................| 80.9 | 77.3 | 74.0 | 01-3 | Slaughter livestock............................| 88.6 | 89.6 | 91.9 | 01-4 | Slaughter poultry..............................| 126.3 | 137.7 | 130.7 | 01-5 | Plant and animal fibers........................| 82.7 | 79.4 | 77.3 | 01-7 | Chicken eggs...................................| 95.7 | 101.7 | 82.1 | 01-8 | Hay, hayseeds, and oilseeds....................| 99.8 | 97.3 | 96.1 | 01-83 | Oilseeds.......................................| 88.8 | 87.4 | 87.4 | 01-9 | Other farm products............................| 143.8 | 155.2 | 167.0 | 02-1 | Cereal and bakery products.....................| 157.8 | 157.1 | 157.0 | 02-2 | Meats, poultry, and fish.......................| 116.5 | 115.9 | 117.2 | 02-22 | Processed poultry..............................| 113.7 | 115.1 | 114.5 | 02-5 | Sugar and confectionery........................| 135.7 | 134.4 | 133.8 | 02-6 | Beverages and beverage materials...............| 138.7 | 139.4 | 138.9 | 02-63 | Packaged beverage materials....................| 133.2 | 130.9 | 131.3 | 02-7 | Fats and oils..................................| 118.8 | 115.8 | 114.0 | 03-81 | Apparel........................................| 127.0 | 126.5 | 127.0 | 04-4 | Other leather and related products.............| 145.8 | 145.8 | 145.9 | 05-3 | Gas fuels 2/...................................| 97.2 | 112.6 | 93.2 | 05-4 | Electric power.................................| 133.9 | 128.9 | 126.5 | 05-7 | Refined petroleum products.....................| 68.6 | 71.8 | 74.8 | 06-3 | Drugs and pharmaceuticals......................| 252.7 | 254.7 | 254.3 | 06-5 | Agricultural chemicals and products............| 123.3 | 122.9 | 122.5 | 06-7 | Other chemicals and allied products............| 135.5 | 135.9 | 135.9 | 07-1 | Rubber and rubber products.....................| 114.1 | 114.6 | 114.6 | 07-11 | Rubber, except natural rubber..................| 112.8 | 114.4 | 114.5 | 07-13 | Miscellaneous rubber products..................| 138.4 | 138.3 | 138.3 | 07-2 | Plastic products...............................| 130.1 | 130.7 | 130.9 | 08-1 | Lumber.........................................| 195.6 | 184.1 | 186.7 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 149.7 | 153.5 | 153.8 | 09-15 | Converted paper and paperboard products........| 154.2 | 157.4 | 156.9 | 10-1 | Iron and steel.................................| 114.0 | 115.8 | 117.1 | 10-2 | Nonferrous metals..............................| 120.2 | 124.3 | 125.4 | 10-25 | Nonferrous mill shapes.........................| 134.3 | 137.5 | 139.4 | 11-3 | Metalworking machinery and equipment...........| 148.3 | 148.4 | 148.3 | 11-4 | General purpose machinery and equipment........| 149.6 | 149.8 | 149.9 | 11-6 | Special industry machinery.....................| 161.5 | 161.8 | 161.9 | 11-7 | Electrical machinery and equipment.............| 119.4 | 119.8 | 119.8 | 11-9 | Miscellaneous machinery and equipment..........| 133.2 | 133.4 | 133.3 | 12-6 | Other household durable goods..................| 153.0 | 153.4 | 153.4 | 13-2 | Concrete ingredients...........................| 152.8 | 152.9 | 153.1 | 14-1 | Motor vehicles and equipment...................| 129.7 | 133.7 | 133.5 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.3 | 132.2 | 132.3 | 15-4 | Photographic equipment and supplies............| 110.9 | 110.3 | 110.7 | 15-9 | Other miscellaneous products...................| 134.7 | 135.4 | 136.1 | __________________________________________________________|___________|___________|___________| 1/ Data for August 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_Dec._1999_from: code | |base | | | | | | | |Aug. |Nov. |Dec. | Dec. | Nov. | | |1999 2/|1999 2/|1999 2/| 1998 | 1999 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 84.7 93.9 87.5 31.0 -6.8 10 | Metal mining................................ |12/84| 69.3 73.5 72.6 4.5 -1.2 12 | Coal mining................................. |12/85| 86.9 86.5 85.1 -6.9 -1.6 13 | Oil and gas extraction...................... |12/85| 87.6 99.8 91.6 45.6 -8.2 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 134.2 134.2 134.4 1.3 .1 | | | |Total manufacturing industries............... |12/84| 129.0 130.3 130.6 3.7 .2 20 | Food and kindred products................... |12/84| 126.8 127.2 126.7 .5 -.4 21 | Tobacco manufactures........................ |12/84| 316.5 344.6 345.0 9.2 .1 22 | Textile mill products....................... |12/84| 116.0 116.0 116.1 -1.3 .1 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.5 125.6 125.6 .6 0 24 | Lumber and wood products, except furniture.. |12/84| 166.9 160.0 160.9 3.3 .6 25 | Furniture and fixtures...................... |12/84| 141.6 141.8 142.2 1.4 .3 26 | Paper and allied products................... |12/84| 137.3 140.2 140.3 5.1 .1 27 | Printing, publishing, and allied industries. |12/84| 177.7 178.8 179.2 2.3 .2 28 | Chemicals and allied products............... |12/84| 150.0 152.2 152.5 3.1 .2 29 | Petroleum refining and related products..... |12/84| 85.3 89.6 92.8 64.8 3.6 30 | Rubber and miscellaneous plastic products... |12/84| 122.5 123.2 123.3 1.2 .1 31 | Leather and leather products................ |12/84| 136.7 137.2 137.3 .4 .1 32 | Stone, clay, glass, and concrete products... |12/84| 133.1 133.7 133.6 2.6 -.1 33 | Primary metal industries.................... |12/84| 115.7 116.9 117.2 .3 .3 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 129.1 129.4 129.6 .7 .2 35 | Machinery, except electrical................ |12/84| 117.2 117.2 117.2 -.1 0 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.5 109.4 109.4 -.5 0 37 | Transportation equipment.................... |12/84| 132.9 136.1 136.0 .8 -.1 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 125.0 125.3 125.4 -.4 .1 39 | Miscellaneous manufacturing industries...... |12/85| 130.1 130.2 130.6 .6 .3 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 101.4 101.5 101.6 .1 .1 42 | Motor freight transportation and warehousing |06/93| 115.1 115.3 115.8 2.8 .4 43 | United states postal service................ |06/89| 135.2 135.2 135.2 2.2 0 44 | Water transportation........................ |12/92| 117.2 116.3 117.2 10.9 .8 45 | Transportation by air....................... |12/92| 131.7 133.0 133.7 5.7 .5 46 | Pipe lines, except natural gas.............. |12/86| 98.2 98.4 98.4 -.8 0 80 | Health services............................. |12/94| 110.0 110.3 110.5 1.9 .2 81 | Legal services.............................. |12/96| 108.9 109.5 109.5 2.6 0 __________________________________________________________________________________________________________________ 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 August 1999 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. Table 5. Producer price indexes by stage of processing, seasonally adjusted (1982=100) _____________________________________________________________________________________________________________ | | Index 1/ |_____________________________________________________ Grouping | | | | | | | July | Aug. | Sep. | Oct. | Nov. | Dec. | 1999 | 1999 | 1999 | 1999 | 1999 | 1999 _______________________________________________________|________|________|________|________|________|________ Finished goods...................................| 132.7 133.4 134.7 134.5 134.8 135.2 Finished consumer goods........................| 131.7 132.6 134.2 133.8 134.3 134.8 Finished consumer foods......................| 134.4 134.7 136.0 135.0 135.1 135.7 Crude......................................| 120.5 120.6 121.4 117.3 118.5 125.9 Processed..................................| 135.5 135.8 137.1 136.4 136.4 136.5 Finished consumer goods, excluding foods.....| 130.4 131.5 133.3 133.2 133.7 134.2 Nondurable goods less foods................| 127.9 129.5 131.7 131.3 132.2 132.7 Durable goods..............................| 132.4 132.5 133.2 133.8 133.6 134.0 Capital equipment..............................| 137.3 137.2 137.6 138.0 137.9 138.1 Manufacturing industries.....................| 138.5 138.4 138.5 138.6 138.6 138.7 Nonmanufacturing industries..................| 136.8 136.8 137.3 137.7 137.5 137.8 | Intermediate materials, supplies, and components.| 123.5 124.2 124.7 125.1 125.5 125.8 Materials and components for manufacturing.....| 124.7 125.0 125.1 125.9 125.9 126.0 Materials for food manufacturing.............| 118.9 120.1 121.8 121.9 120.9 118.4 Materials for nondurable manufacturing.......| 125.0 125.6 125.9 127.3 127.6 128.2 Materials for durable manufacturing..........| 126.1 126.2 125.8 126.6 126.9 127.5 Components for manufacturing.................| 125.6 125.6 125.7 126.0 125.8 125.8 Materials and components for construction......| 150.3 150.3 149.6 149.2 149.4 149.9 Processed fuels and lubricants.................| 85.8 87.9 89.7 89.9 91.4 92.7 Manufacturing industries ....................| 88.7 90.1 92.0 92.1 93.5 94.5 Nonmanufacturing industries..................| 83.8 86.4 88.1 88.3 89.9 91.4 Containers.....................................| 142.2 143.8 146.4 146.5 146.4 146.3 Supplies.......................................| 134.0 134.3 134.5 134.9 135.1 135.2 Manufacturing industries.....................| 140.5 140.9 141.0 141.3 141.5 141.7 Nonmanufacturing industries..................| 131.2 131.4 131.7 132.2 132.3 132.4 Feeds......................................| 87.1 87.8 88.6 90.3 90.6 90.7 Other supplies.............................| 136.5 136.7 136.8 137.2 137.4 137.5 | Crude materials for further processing...........| 97.3 102.2 106.5 104.8 109.0 104.7 Foodstuffs and feedstuffs......................| 94.7 98.0 99.3 99.2 100.2 98.6 Nonfood materials..............................| 95.6 101.5 107.5 104.9 111.1 105.2 Nonfood materials except fuel 2/.............| 93.0 96.3 102.9 101.1 105.0 109.8 Manufacturing 2/...........................| 84.8 87.9 94.2 92.4 96.1 100.6 Construction...............................| 196.3 198.1 198.0 201.2 203.2 203.9 Crude fuel 3/................................| 91.6 100.5 105.3 101.7 110.5 90.5 Manufacturing industries...................| 90.5 99.7 106.5 100.9 110.1 90.5 Nonmanufacturing industries................| 93.3 102.4 107.0 103.6 112.5 92.1 | Special groupings | | Finished goods, excluding foods..................| 132.1 132.9 134.2 134.3 134.6 135.0 Intermediate materials less foods and feeds......| 124.4 125.0 125.4 125.8 126.2 126.7 Intermediate foods and feeds.....................| 109.1 110.2 111.6 112.2 111.6 109.9 Crude materials less agricultural products 2/....| 96.1 102.0 108.2 105.3 111.9 105.7 | Finished energy goods............................| 79.1 82.0 83.9 83.1 84.3 85.3 Finished goods less energy.......................| 142.5 142.5 143.7 143.7 143.6 143.9 Finished consumer goods less energy..............| 144.6 144.7 146.1 145.9 146.0 146.4 | Finished goods less foods and energy.............| 145.7 145.6 146.6 147.0 147.0 147.2 Finished consumer goods less foods and energy....| 151.2 151.2 152.6 153.0 153.1 153.2 Consumer nondurable goods less foods and energy..| 165.9 165.8 167.8 168.1 168.4 168.2 | Intermediate energy goods........................| 85.5 87.6 89.3 89.5 91.1 92.4 Intermediate materials less energy...............| 131.9 132.3 132.4 132.9 133.0 133.1 Intermediate materials less foods and energy.....| 133.4 133.7 133.8 134.3 134.4 134.7 | Crude energy materials 2/........................| 80.4 87.3 94.1 89.6 97.5 89.0 Crude materials less energy......................| 104.8 107.9 109.7 110.4 111.3 110.8 Crude nonfood materials less energy 3/...........| 134.3 136.9 139.9 143.2 143.7 146.3 _____________________________________________________________________________________________________________ 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 August 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.