FOR DATA ONLY: (202) 606-7828 USDL 00-46 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 FEBRUARY 17, 2000 Producer Price Indexes -- January 2000 The Producer Price Index for Finished Goods showed no change in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This followed a 0.1-percent increase in December and a 0.2-percent advance in November. The index for finished goods other than foods and energy fell 0.2 percent in January, after edging up 0.1 percent in the previous month. At the earlier stages of process, prices received by producers of intermediate goods rose 0.4 percent, following a 0.2-percent increase in the prior month, and the crude goods index advanced 2.7 percent, after a 3.9-percent decline a month earlier. (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 Inter- Except goods foods From 12 mediate Crude and months Month Total Foods Energy energy ago goods goods (unadj.) 1999 Jan. 0.4 1.5 1.1 -0.1 0.8 -0.1 1.0 Feb. -.4 -1.2 -1.0 .1 .5 -.2 -2.4 Mar. .4 .4 1.9 -.1 .8 .2 .8 Apr. .5 -.8 5.1 .1 1.2 .7 2.1 May .1 .1 .3 .1 1.4 .3 5.7 June .1 .6 -.1 0 1.5 .3 .2 July .2 -.4 2.7 -.1 1.5 .7 .2 Aug. .6 .5 3.3 .1 2.3 .5 5.1 Sept. .8 .7 2.1 .6 3.1 .5 4.6 Oct. 0 -.4 -.2 .1 2.7 .3 -1.6 Nov. .2 0 1.6 0 3.1 .3 3.6 Dec. .1 0 .4 .1 3.0 .2 -3.9 2000 Jan. 0 .1 .7 -.2 2.5 .4 2.7 NOTE: Some of the percent changes shown here and elsewhere in this release may differ from those previously reported because seasonal adjustment factors have been recalculated to reflect developments during 1999. In addition, indexes for September 1999 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. -2- The January decline in prices of finished goods other than foods and energy was primarily due to a 4.9-percent decrease in cigarette prices. Excluding cigarettes, the index for finished goods other than foods and energy would have risen 0.1 percent in January. (Similarly, excluding cigarettes, the overall finished goods index would have risen 0.2 percent.) The indexes for finished energy goods advanced 0.7 percent, after registering a 0.4-percent rise in the prior month. Before seasonal adjustment, the Producer Price Index for Finished Goods decreased 0.2 percent to stand at 134.7 (1982=100). From January 1999 to January 2000, the finished goods price index increased 2.5 percent. Over the same period, prices for finished energy goods advanced 17.5 percent, finished consumer foods declined 0.4 percent, and finished goods other than foods and energy rose 0.8 percent. Prices received by domestic producers of intermediate goods moved up 4.1 percent for the 12 months ended in January 2000, and the index for crude goods registered an 18.0- percent gain in the same period. Finished goods Prices for finished consumer goods other than foods and energy fell 0.4 percent in January, following a 0.1-percent gain in December. The index for cigarettes decreased 4.9 percent, after showing no change last month. Prices for women's apparel, light motor trucks, and periodical circulation also declined, after increasing in the prior month. Passenger car prices rose less than a month ago. By contrast, the index for alcoholic beverages registered a 0.3-percent advance, following a 1.1- percent drop in December. Prices for prescription drugs, sanitary papers and health products, and mobile homes also turned up, after decreasing a month ago. 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 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.) 1999 Jan. 0.4 1.0 -0.2 -2.7 5.6 -5.0 0.4 -11.4 Feb. -1.8 -1.0 -.1 -2.7 -3.3 -3.6 1.2 -11.9 Mar. -1.3 2.4 .1 -2.1 .3 2.9 -1.0 -10.5 Apr. -1.9 5.1 .2 -1.4 -3.7 12.6 -.5 -9.2 May .2 .4 .2 -1.1 1.8 13.2 1.7 -3.1 June .5 .4 .3 -.4 0 0 .5 -.2 July -1.0 2.8 .5 .3 -3.9 4.3 1.4 -.2 Aug. 1.3 2.5 .2 1.1 3.6 8.6 1.9 9.3 Sept. 1.0 1.9 .1 2.0 1.3 9.3 1.8 16.5 Oct. .9 .2 .2 2.4 .9 -6.1 3.0 11.6 Nov. -.4 1.9 .1 3.0 .2 8.8 .6 16.0 Dec. -1.9 1.5 .2 3.9 -2.1 -8.7 2.0 15.7 2000 Jan. 0 .8 .3 4.1 .7 4.4 3.2 18.0 NOTE: Some of the percent changes shown here and elsewhere in this release may differ from those previously reported because seasonal adjustment factors have been recalculated to reflect developments during 1999. In addition, indexes for September 1999 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. -3- Prices for finished energy goods advanced 0.7 percent in January, after posting a 0.4-percent rise in December. Increases in the indexes for gasoline and home heating oil outweighed price decreases for liquefied petroleum gas, finished lubricants, residential electric power, and residential natural gas. The capital equipment index gained 0.1 percent in January, the same rate of increase as in December. Price increases for civilian aircraft, truck trailers, commercial furniture, and for pumps and compressors slightly outweighed price decreases for light motor trucks, communication and related equipment, electronic computers, and for construction machinery and equipment. The index for finished consumer foods edged up 0.1 in January, after showing no change in December. Rising prices for pork, dairy products, eggs for fresh use, beef and veal, and roasted coffee more than offset falling prices for fresh and dry vegetables, soft drinks, fresh fruits and melons, and processed fruits and vegetables. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components rose 0.4 percent in January, seasonally adjusted, after registering a 0.2-percent increase in December. The January increase was supported by advancing prices for intermediate energy goods, materials for durable manufacturing, nondurable manufacturing materials, and for materials and components for construction. The intermediate foods and feeds index showed no change in January. Excluding foods and energy, the index for intermediate materials increased 0.3 percent, following a 0.2- percent rise in the prior month. (See table B.) The index for intermediate energy goods rose 0.8 percent in January, after posting a 1.5-percent rise in December. Residual fuel prices increased 0.3 percent, following a 14.5-percent gain in the previous month. The indexes for jet fuels, diesel fuel, and gasoline also rose less than in the prior month. Liquefied petroleum gas prices fell more than a month ago. On the other hand, the commercial electric power index fell 0.6 percent, after a 1.6-percent decrease a month ago. The commercial natural gas index rose, after falling a month earlier. The index for durable manufacturing materials advanced 0.8 percent in January, after registering a 0.5-percent increase in December. Copper cathode and refined copper prices turned up 5.6 percent, following a 1.0- percent drop in the prior month. The indexes for flat glass and prepared paint also rose, after falling in the previous month. Prices for hot rolled bars, plates, and structural shapes; building paper and board; and copper and brass mill shapes increased more than a month ago. By contrast, the cold rolled sheet and strip index rose 0.6 percent, following a 1.3- percent gain a month earlier. Prices for aluminum mill shapes and hardwood lumber increased less than in the prior month. The hot rolled sheet and strip index fell more than in the previous month. The index for nondurable manufacturing materials gained 0.5 percent in January, after posting a similar increase in December. Advancing prices for nitrogenates, basic organic chemicals, plastic resins and materials, fertilizer materials, woodpulp, paper, and basic inorganic chemicals more than offset falling prices for finished fabrics, inedible fats and oils, medicinal and botanical chemicals, synthetic fibers, and paint materials. In January, prices for materials and components for construction increased 0.4 percent, after rising 0.3 percent in December. Rising prices for plastic construction products, fabricated structural metal products, softwood lumber, nonferrous wire and cable, millwork, and plywood outweighed price declines for air conditioning and refrigeration equipment, asphalt felts and coatings, heating equipment, switchgear, and cement. -4- Prices for intermediate foods and feeds showed no change, after posting a 1.9-percent decline in December. The fluid milk products index turned up 0.8 percent, following a 8.9-percent drop in the prior month. Flour prices also increased, after falling in the previous month. The indexes for pork and for beef and veal rose more than a month ago. Natural, processed, and imitation cheese prices fell less than a month earlier. By contrast, the index for prepared animal feeds decreased 0.3 percent, after showing no change in the prior month. Crude vegetable oil prices declined more than in the prior month. The index for potato chips showed no change, following a 1.8-percent increase in the previous month. Crude goods The Producer Price Index for Crude Materials for Further Processing increased 2.7 percent in January, following a 3.9-percent decrease in December. Prices for crude energy materials and crude foodstuffs and feedstuffs rose, after falling in the previous month. The index for basic industrial materials advanced more than a month ago. (See table B.) Prices for crude energy materials gained 4.4 percent in January, after posting an 8.7-percent drop in December. Leading the upturn, the natural gas index increased 9.0 percent, following a 22.4-percent decrease a month earlier. Coal prices also rose, after falling in the prior month. By contrast, crude petroleum prices were unchanged in January, following an 8.6-percent gain last month. The index for crude foodstuffs and feedstuffs increased 0.7 percent in January, after registering a 2.1-percent decrease in December. Fluid milk prices advanced 1.7 percent, following an 11.3-percent decline a month ago. The indexes for corn, wheat, soybeans, and alfalfa hay also rose, after falling in the previous month. Slaughter hog prices increased more than a month earlier. Conversely, the index for slaughter broilers and fryers declined 4.9 percent in January, following a 2.8-percent advance in December. Prices for fresh vegetables (except potatoes) and slaughter cattle also fell, after rising in the prior month. The index for crude nonfoods materials less energy increased 3.2 percent in January, following a 2.0-percent rise in December. Wastepaper prices advanced 18.4 percent, after posting a 2.4-percent gain a month ago. The indexes for raw cotton, aluminum base scrap, copper ores, and copper base scrap also increased more than in the previous month. Prices for gold ores and for pulpwood advanced, following declines a month earlier. By contrast, the iron and steel scrap index rose 1.3 percent, after a 6.6- percent increase in the prior month. Prices for cattle hides and leaf tobacco fell, following December advances. Net output price indexes for mining, manufacturing, and other industries Mining. The Producer Price Index for the Net Output of Total Domestic Mining Industries advanced 2.9 percent in January, after registering a 6.8- percent decline in December. (Net output price indexes are not seasonally adjusted.) Leading the upturn, prices received by the crude petroleum, natural gas, and natural gas liquids industry increased 4.0 percent, following a 9.2-percent decrease a month earlier. The indexes for the bituminous coal and lignite, gold ores, and for the crushed and broken granite industries also rose, after falling in the prior month. Prices received by the copper ores and the crushed and broken limestone industries advanced more than last month. By contrast, the index for the drilling oil and gas wells industry turned down 4.3 percent, following a 0.7-percent gain in December. Prices received by the metal mining services industry fell, after showing no change in the previous month. The indexes for the oil and gas exploration industry and the potash, soda, and borate minerals industry decreased more than a month earlier. In January, the Producer Price Index for the Net Output of Total Mining Industries stood at 90.0 (December 1984 = 100), 40.4 percent above its year-ago level. -5- Manufacturing. The Producer Price Index for the Net Output of the Total Domestic Manufacturing Industries gained 0.2 percent in January, the same rate of increase observed in December. Prices received by the petroleum refining and related products industry group; the printing, publishing, and allied products industry group; the chemicals and allied products industry group; the lumber and wood products (except furniture) industry group; and the transportation equipment industry group rose in January. These advances more than offset declining prices received by the tobacco manufactures industry group; the electrical and electronic machinery and equipment industry group; the food and kindred products industry group; and the apparel and other finished fabric products industry group. In January, the Producer Price Index for the Net Output of Total Manufacturing Industries stood at 130.8 (December 1984 = 100), 3.6 percent above its year- ago level. Other. Among other industries in January, the index for the passenger car rental industry advanced 3.7 percent, after posting a 2.1-percent decline in December. Prices received by offices and clinics of doctors of medicine increased 1.2 percent, following a 0.3-percent increase a month earlier. The indexes for travel agencies, the hotel and motel industry, real estate agents and managers, and the telephone communications (except radiotelephone) industry rose, after falling in the previous month. Prices received by the scheduled air transportation industry and by skilled and intermediate care facilities gained more than last month. The indexes for general medical and surgical hospitals and for the property and casualty insurance industry rose, after showing no change in December. By contrast, prices received by the prepackaged software industry increased less than in the prior month. The index for the radio broadcasting industry, operators and lessors of nonresidential buildings, the deep sea foreign transportation of freight industry, and advertising agencies declined, following advances a month earlier. ***** Producer Price Index data for February 2000 will be released on Thursday, March 16, 2000 at 8:30 a.m. (E.S.T.) Recalculation of Seasonal Adjustment Factors Effective with this release, seasonal adjustment factors have been recalculated to reflect 1999 price movement patterns for stage-of- processing (SOP) and commodity groupings. This routine annual recalculation may affect seasonally adjusted indexes and percent changes from January 1995 to the present. Revised seasonally adjusted data for this period, as well as seasonal factors for commodity indexes to be used through December 2000, are available on request from BLS. The table below shows 1999 monthly seasonally adjusted percent changes for the three major SOP categories calculated with the old seasonal factors, compared with the percent changes for recalculated indexes. The latter incorporate new seasonal factors that reflect 1999 price movement patterns. Over-the-month percent changes in major stage-of-processing indexes, seasonally adjusted, using former and recalculated seasonal factors for 1999 Finished Goods Intermediate Goods Crude Goods Month Former Recalculated Former Recalculated Former Recalculated January 0.3 0.4 0.0 -0.1 0.6 1.0 February -.5 -.4 -.3 -.2 -2.3 -2.4 March .3 .4 .3 .2 .3 .8 April .5 .5 .7 .7 2.5 2.1 May .2 .1 .3 .3 6.1 5.7 June 0 .1 .3 .3 .3 .2 July .2 .2 .7 .7 .1 .2 August .5 .6 .6 .5 5.0 5.1 September 1.0 .9 .4 .4 4.2 4.2 October -.1 -.1 .3 .4 -1.6 -1.2 November .2 .2 .3 .3 4.0 3.6 December .3 .1 .2 .2 -3.9 -3.9 -6- Resampling of Industries Effective with this release, another set of resampled industries is introduced. Three (3) mining, twenty-eight (28) manufacturing, and three (3) service industries were resampled this month. Indexes for these industries appear in table 5 of the PPI Detailed Report. Under the resampling procedure, the sample for an industry is updated to more accurately reflect changes in the structure, membership, technology, or product mix of an industry. The Bureau of Labor Statistics published the first results of this systematic process in July 1986. Subsequent efforts have been completed at 6-month intervals. Standard Industrial Classification (SIC) Code Industry 1382 Oil and gas field exploration services 1389 Oil and gas field services, n.e.c. 1499 Miscellaneous nonmetallic minerals 2371 Fur goods 2386 Leather and sheep lined clothing 2611 Pulp mills 2621 Paper mills 2631 Paperboard mills 3069 Fabricated rubber products, n.e.c. 3081 Unsupported plastics film and sheet 3083 Laminated plastics plate, sheet, and profile shapes 3084 Plastics pipe 3086 Plastic foam products 3089 Plastics products, n.e.c. 3262 Vitreous china food utensils 3268 Pottery products, n.e.c., including earthenware (semi- vitreous) table and kitchen 3272 Concrete products, except block and brick 3275 Gypsum products 3334 Primary aluminum 3452 Bolts, nuts, screws, rivets, and washers 3531 Construction machinery 3589 Service industry machinery, n.e.c. 3612 Power, distribution, and specialty transformers 3621 Motors and generators 3643 Current-carrying wiring devices 3647 Vehicular lighting equipment 3711 Motor vehicles and passenger car bodies 3714 Motor vehicle parts and accessories 3728 Aircraft parts and equipment, n.e.c. 3861 Photographic equipment and supplies 3996 Hard surface floor coverings 4512 Air transportation, scheduled 4581 Airports, flying fields, and airport terminal services 8011 Offices of physicians For information on specific additions, deletions, and recodes of indexes that are effective this month, see the January 2000 issue of the Producer Price Index Detailed Report or contact the 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| |Jan. 2000 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | |Sept. |Dec. |Jan. | Jan. | Dec. |Oct. to|Nov. to |Dec. to | 1999 1/|1999 2/|1999 2/|2000 2/| 1999 | 1999 | Nov. | Dec. | Jan. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 134.7 135.0 134.7 2.5 -0.2 0.2 0.1 0 Finished consumer goods........................| 75.635 134.6 134.4 134.0 3.3 -.3 .3 .1 0 Finished consumer foods......................| 22.883 136.7 135.7 135.0 -.4 -.5 0 0 .1 Crude......................................| 1.610 126.7 125.6 117.1 -12.7 -6.8 .2 4.3 -4.3 Processed..................................| 21.273 137.5 136.5 136.5 .7 0 0 -.2 .4 Finished consumer goods, excluding foods.....| 52.752 133.5 133.7 133.3 4.9 -.3 .5 .1 -.1 Nondurable goods less foods................| 36.843 132.8 131.8 131.3 6.8 -.4 .6 .2 -.2 Durable goods..............................| 15.909 131.2 134.6 134.2 .7 -.3 -.1 .3 -.1 Capital equipment..............................| 24.365 136.7 138.3 138.4 .4 .1 -.1 .1 .1 Manufacturing industries.....................| 6.431 138.2 138.7 139.0 .5 .2 0 .1 .1 Nonmanufacturing industries..................| 17.934 136.0 138.0 138.0 .3 0 -.1 .1 .1 | Intermediate materials, supplies, and components.| 100.000 125.3 125.6 125.9 4.1 .2 .3 .2 .4 Materials and components for manufacturing.....| 46.496 125.4 126.1 126.5 2.1 .3 .1 .1 .3 Materials for food manufacturing.............| 3.340 122.0 118.5 117.9 -5.1 -.5 -.7 -2.5 0 Materials for nondurable manufacturing.......| 15.684 126.5 128.4 129.0 4.9 .5 .4 .5 .5 Materials for durable manufacturing..........| 10.272 126.2 127.4 128.4 4.0 .8 .2 .5 .8 Components for manufacturing.................| 17.200 125.7 125.7 125.8 0 .1 -.1 0 -.1 Materials and components for construction......| 13.691 149.6 149.7 150.4 2.4 .5 .1 .3 .4 Processed fuels and lubricants.................| 13.782 92.5 91.7 91.7 20.5 0 1.8 1.5 .9 Manufacturing industries ....................| 5.027 94.3 93.4 92.6 13.2 -.9 2.1 .9 -.4 Nonmanufacturing industries..................| 8.755 91.2 90.4 90.9 25.0 .6 1.7 1.9 1.5 Containers.....................................| 3.945 145.7 146.5 147.2 6.4 .5 0 -.1 .5 Supplies.......................................| 22.086 134.4 135.2 135.2 .8 0 .1 .1 0 Manufacturing industries.....................| 5.078 141.0 141.6 141.8 1.1 .1 .1 .1 .1 Nonmanufacturing industries..................| 17.008 131.6 132.4 132.4 .8 0 .1 .1 0 Feeds......................................| 1.162 88.8 90.7 90.4 -2.6 -.3 .3 .1 -.3 Other supplies.............................| 15.846 136.8 137.4 137.5 1.0 .1 .1 .1 0 | Crude materials for further processing...........| 100.000 107.3 103.9 106.3 18.0 2.3 3.6 -3.9 2.7 Foodstuffs and feedstuffs......................| 38.822 100.1 96.8 96.4 -4.7 -.4 .2 -2.1 .7 Nonfood materials..............................| 61.178 108.3 105.0 109.2 37.9 4.0 5.9 -5.2 4.0 Nonfood materials except fuel 3/.............| 38.159 102.6 109.5 111.6 48.2 1.9 4.1 4.7 1.8 Manufacturing 3/...........................| 36.767 93.9 100.4 102.4 50.4 2.0 4.1 4.9 1.8 Construction...............................| 1.392 197.5 201.4 203.5 7.4 1.0 .6 .6 1.0 Crude fuel 4/................................| 23.019 107.6 90.5 97.3 24.3 7.5 8.7 -18.1 7.5 Manufacturing industries...................| 1.954 107.6 90.5 96.2 24.0 6.3 9.1 -17.8 6.3 Nonmanufacturing industries................| 21.065 109.5 92.1 99.1 24.2 7.6 8.6 -18.1 7.6 | Special groupings | | Finished goods, excluding foods..................|5/ 77.117 134.0 134.7 134.5 3.5 -.1 .3 .1 -.1 Intermediate materials less foods and feeds......|6/ 95.498 126.0 126.5 126.9 4.7 .3 .3 .4 .4 Intermediate foods and feeds.....................|6/ 4.502 111.8 110.0 109.5 -4.5 -.5 -.4 -1.9 0 Crude materials less agricultural products 3/ 7/.|8/ 58.979 109.1 105.6 109.8 40.4 4.0 6.3 -5.5 4.0 | Finished energy goods............................|5/ 13.814 85.8 83.8 83.8 17.5 0 1.6 .4 .7 Finished goods less energy.......................|5/ 86.186 143.1 144.0 143.6 .4 -.3 0 .1 -.1 Finished consumer goods less energy..............|5/ 61.821 145.8 146.5 145.8 .5 -.5 0 .1 -.2 | Finished goods less foods and energy.............|5/ 63.303 145.7 147.4 147.0 .8 -.3 0 .1 -.2 Finished consumer goods less foods and energy....|5/ 38.938 151.7 153.4 152.8 1.1 -.4 0 .1 -.4 Consumer nondurable goods less foods and energy..|5/ 23.030 167.9 168.1 167.2 1.2 -.5 .1 -.1 -.7 | Intermediate energy goods........................|6/ 13.894 92.1 91.4 91.4 20.4 0 1.9 1.5 .8 Intermediate materials less energy...............|6/ 86.106 132.5 133.1 133.5 2.0 .3 .1 .2 .2 Intermediate materials less foods and energy.....|6/ 81.604 133.9 134.6 135.1 2.4 .4 .1 .2 .3 | Crude energy materials 3/........................|8/ 39.878 95.4 89.0 92.9 52.3 4.4 8.8 -8.7 4.4 Crude materials less energy......................|8/ 60.122 110.0 109.3 110.4 2.1 1.0 .4 -.7 1.6 Crude nonfood materials less energy 4/...........|8/ 21.300 139.1 145.5 150.6 16.9 3.5 .6 2.0 3.2 | _______________________________________________________________________________________________________________________________ 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 September 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 | | |Jan. 2000 from:| code | Grouping |_______________________|_______________|_______________________ | | | | | | | | | | |Sept. |Dec. |Jan. | Jan. | Dec. |Oct. to|Nov. to|Dec. to | |1999 1/|1999 1/|2000 1/| 1999 | 1999 | Nov. | Dec. | Jan. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|_______ | | |FINISHED GOODS.........................................| 134.7 135.0 134.7 2.5 -0.2 0.2 0.1 0 | FINISHED CONSUMER GOODS...............................| 134.6 134.4 134.0 3.3 -.3 .3 .1 0 | FINISHED CONSUMER FOODS..............................| 136.7 135.7 135.0 -.4 -.5 0 0 .1 | | 01-11 | Fresh fruits and melons 2/..........................| 106.3 93.6 91.7 -12.9 -2.0 -13.2 .6 -2.0 01-13 | Fresh and dry vegetables 2/.........................| 120.4 143.9 115.3 -7.3 -19.9 .6 32.3 -19.9 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 75.7 74.7 81.1 -13.7 8.6 14.6 -10.7 19.3 02-11 | Bakery products 2/..................................| 178.0 179.4 179.5 1.4 .1 .2 .3 .1 02-13 | Milled rice 2/......................................| 121.9 106.7 106.1 -17.9 -.6 1.0 .5 -.6 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.0 122.0 122.0 -.4 0 0 0 0 02-21-01 | Beef and veal.......................................| 110.2 109.5 111.1 12.1 1.5 -5.2 .6 2.5 02-21-04 | Pork................................................| 104.7 104.2 103.9 14.3 -.3 1.5 4.1 6.2 02-22-03 | Processed young chickens............................| 114.8 111.9 109.7 -6.7 -2.0 5.9 1.9 -.8 02-22-06 | Processed turkeys...................................| 98.4 103.0 95.2 8.2 -7.6 4.1 -.2 -.2 02-23 | Finfish and shellfish...............................| 193.6 190.5 194.9 4.7 2.3 .9 -3.8 2.2 02-3 | Dairy products......................................| 142.9 132.7 130.9 -12.1 -1.4 -.7 -5.1 1.6 02-4 | Processed fruits and vegetables 2/..................| 127.8 129.6 129.0 .8 -.5 .9 .9 -.5 02-55 | Confectionery end products 2/.......................| 170.6 170.7 170.2 .3 -.3 .1 -.2 -.3 02-62 | Soft drinks.........................................| 138.7 139.3 139.6 3.0 .2 .6 .2 -.6 02-63-01 | Roasted coffee 2/...................................| 132.4 132.8 139.8 2.7 5.3 .1 .3 5.3 02-78 | Shortening and cooking oils 2/......................| 139.9 134.2 136.7 -7.3 1.9 -1.8 -1.9 1.9 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 133.5 133.7 133.3 4.9 -.3 .5 .1 -.1 | | 02-61 | Alcoholic beverages.................................| 136.8 136.4 136.6 -.1 .1 0 -1.1 .3 03-81-01 | Women's apparel 2/..................................| 123.9 123.9 123.5 -.2 -.3 0 1.1 -.3 03-81-02 | Men's and boys' apparel.............................| 132.9 132.7 132.8 -.6 .1 .2 0 -.2 03-81-03 | Girls', children's, and infants' apparel 2/.........| 116.9 118.0 118.0 -2.6 0 1.3 -.1 0 03-82 | Textile housefurnishings 2/.........................| 122.9 122.0 121.9 -1.0 -.1 0 -.4 -.1 04-3 | Footwear 2/.........................................| 144.6 144.9 145.0 .8 .1 0 .1 .1 05-41 | Residential electric power (Dec. 1990=100)..........| 113.6 107.3 107.1 -.3 -.2 .7 -1.0 -.1 05-51 | Residential gas (Dec. 1990=100).....................| 117.0 118.6 118.7 2.0 .1 2.0 -2.3 -.2 05-71 | Gasoline............................................| 78.4 76.2 76.5 64.9 .4 1.1 4.4 3.0 05-73-02-01| Fuel oil No. 2......................................| 67.1 72.8 75.2 76.5 3.3 9.4 2.6 6.2 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 338.1 339.8 341.3 3.5 .4 -.2 -.3 .4 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 186.7 186.7 186.9 1.1 .1 0 0 .1 06-71 | Soaps and synthetic detergents 2/...................| 127.2 127.3 127.5 1.6 .2 -.1 0 .2 06-75 | Cosmetics and other toilet preparations 2/..........| 135.9 136.6 136.5 2.2 -.1 1.5 .1 -.1 07-12 | Tires, tubes, tread, etc 2/.........................| 92.8 93.5 93.5 .1 0 2.0 0 0 09-15-01 | Sanitary papers and health products 2/..............| 142.2 143.3 143.4 -.7 .1 .7 -1.2 .1 09-31-01 | Newspaper circulation 2/............................| 207.0 207.1 207.1 -.1 0 -.3 0 0 09-32-01 | Periodical circulation..............................| 197.1 196.9 198.2 1.2 .7 0 .3 -1.0 09-33 | Book publishing.....................................| 213.1 218.0 217.9 2.9 0 0 1.0 .4 12-1 | Household furniture 2/..............................| 150.8 151.4 151.6 1.2 .1 -.1 .1 .1 12-3 | Floor coverings 2/..................................| 126.8 128.6 127.9 .9 -.5 -.1 .5 -.5 12-4 | Household appliances ...............................| 108.4 108.0 108.0 -.7 0 .1 .1 .1 12-5 | Home electronic equipment 2/........................| 73.1 73.2 72.6 -2.4 -.8 -.7 0 -.8 12-62 | Household glassware.................................| 164.4 164.2 164.4 1.0 .1 .1 .1 0 12-64 | Household flatware 2/...............................| 139.3 140.0 140.0 0 0 0 .5 0 12-66 | Lawn and garden equip., ex. tractors 2/.............| 131.9 132.0 132.1 -.2 .1 0 .2 .1 14-11-01 | Passenger cars......................................| 127.0 135.8 134.8 2.1 -.7 .2 .5 .1 15-11 | Toys, games, and children's vehicles................| 122.6 122.7 122.7 -1.0 0 -.4 .1 -.4 15-12 | Sporting and athletic goods 2/......................| 126.0 125.9 125.8 -.3 -.1 .1 .1 -.1 15-2 | Tobacco products 2/.................................| 394.6 395.3 378.5 4.2 -4.2 .1 .1 -4.2 15-5 | Mobile homes 2/.....................................| 159.6 159.5 159.9 2.3 .3 -.1 -.2 .3 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 125.6 127.1 127.1 -.5 0 1.0 -.1 0 15-94-04 | Costume jewelry and novelties 2/....................| 140.1 142.5 141.7 1.3 -.6 0 1.7 -.6 | | | CAPITAL EQUIPMENT.....................................| 136.7 138.3 138.4 .4 .1 -.1 .1 .1 | | 11-1 | Agricultural machinery and equipment 2/.............| 152.5 151.5 151.7 .3 .1 .2 -.1 .1 11-2 | Construction machinery and equipment................| 147.4 147.8 148.3 1.4 .3 0 .2 -.3 11-37 | Metal cutting machine tools 2/......................| 160.9 161.0 161.5 .8 .3 0 .1 .3 11-38 | Metal forming machine tools 2/......................| 159.9 160.0 160.1 .6 .1 .1 0 .1 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 140.2 140.3 140.5 1.1 .1 .1 0 .1 11-41 | Pumps, compressors, and equipment...................| 151.9 152.1 153.8 2.3 1.1 .1 .1 .5 11-44 | Industrial material handling equipment 2/...........| 133.0 133.3 133.2 .8 -.1 .1 .1 -.1 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 83.1 80.3 79.4 -17.1 -1.1 -1.0 -1.1 -1.1 11-62 | Textile machinery 2/................................| 154.3 155.0 155.0 1.0 0 .2 .3 0 11-64 | Paper industries machinery (June 1982=100)..........| 163.0 163.2 163.2 .9 0 -.2 0 -.1 11-65 | Printing trades machinery 2/........................| 141.2 141.4 141.6 .8 .1 0 0 .1 11-74 | Transformers and power regulators 2/................| 134.5 134.5 134.8 3.1 .2 2.4 -.1 .2 11-76 | Communication & related equip. (Dec. 1985=100)......| 111.2 112.1 111.6 -2.4 -.4 -.4 0 -1.0 11-79-05 | X-ray and electromedical equipment 2/...............| 102.8 103.0 102.9 -3.1 -.1 -1.2 .2 -.1 11-91 | Oil field and gas field machinery ..................| 126.2 126.8 126.9 .4 .1 .2 .2 -.3 11-92 | Mining machinery and equipment 2/...................| 144.3 144.5 144.7 1.1 .1 0 .1 .1 11-93 | Office and store machines and equipment 2/..........| 112.4 112.4 112.4 .4 0 0 0 0 12-2 | Commercial furniture 2/.............................| 157.1 157.3 157.4 1.0 .1 0 .2 .1 14-11-05 | Light motor trucks..................................| 151.8 158.7 157.5 -.4 -.8 -.8 .2 -.8 14-11-06 | Heavy motor trucks 2/...............................| 147.1 147.8 147.8 1.7 0 0 0 0 14-14 | Truck trailers 2/...................................| 137.3 137.4 138.2 2.1 .6 .1 -.1 .6 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 151.7 152.5 154.2 2.2 1.1 0 .1 1.0 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 145.8 0 0 0 0 0 14-4 | Railroad equipment 2/...............................| 135.8 135.1 135.5 .7 .3 -.6 .1 .3 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 125.3 125.6 125.9 4.1 .2 .3 .2 .4 | | | INTERMEDIATE FOODS AND FEEDS..........................| 111.8 110.0 109.5 -4.5 -.5 -.4 -1.9 0 | | 02-12-03 | Flour 2/............................................| 103.8 99.2 101.8 -5.2 2.6 1.6 -4.5 2.6 02-53 | Refined sugar 2/....................................| 121.4 118.0 116.5 -2.0 -1.3 -.7 -1.8 -1.3 02-54 | Confectionery materials.............................| 93.6 94.4 95.3 1.3 1.0 -1.4 1.0 1.3 02-72 | Crude vegetable oils 2/.............................| 84.6 79.3 76.1 -35.2 -4.0 -.4 -2.6 -4.0 02-9 | Prepared animal feeds 2/............................| 97.9 99.5 99.2 -2.3 -.3 .3 0 -.3 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 126.0 126.5 126.9 4.7 .3 .3 .4 .4 | | 03-1 | Synthetic fibers 2/.................................| 102.9 103.7 103.1 -2.3 -.6 -.1 .2 -.6 03-2 | Processed yarns and threads 2/......................| 108.7 107.7 107.6 -2.5 -.1 0 -.1 -.1 03-3 | Gray fabrics 2/.....................................| 112.0 111.2 111.7 -5.2 .4 .1 -1.1 .4 03-4 | Finished fabrics....................................| 123.1 122.8 122.0 -.2 -.7 0 .2 -1.0 03-83-03 | Industrial textile products 2/......................| 129.6 130.2 129.9 1.1 -.2 .3 0 -.2 04-2 | Leather.............................................| 176.7 178.2 179.1 1.7 .5 0 -.8 .9 05-32 | Liquefied petroleum gas 2/..........................| 95.3 101.9 100.3 112.5 -1.6 2.3 -.2 -1.6 ___________________________________________________________________________________________________________________________________ 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 | | |Jan. 2000 from:| code | Grouping |_______________________|_______________|_______________________ | | | | | | | | | | |Sept. |Dec. |Jan. | Jan. | Dec. |Oct. to|Nov. to|Dec. to | |1999 1/|1999 1/|2000 1/| 1999 | 1999 | Nov. | Dec. | Jan. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|_______ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 136.1 126.3 125.8 0.7 -0.4 -0.1 -1.6 -0.6 05-43 | Industrial electric power...........................| 134.1 128.8 127.1 .8 -1.3 2.1 -1.2 -1.1 05-52 | Commercial natural gas (Dec. 1990=100)..............| 110.7 114.5 115.8 5.6 1.1 1.7 -3.4 2.4 05-53 | Industrial natural gas (Dec. 1990=100)..............| 106.6 112.9 112.8 8.6 -.1 1.1 -.3 .9 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 84.1 93.7 100.9 27.7 7.7 -1.3 1.8 10.1 05-72-03 | Jet fuels...........................................| 63.3 73.8 77.2 105.9 4.6 3.1 13.9 7.0 05-73-03 | No. 2 Diesel fuel...................................| 68.8 74.9 76.0 89.1 1.5 9.0 10.2 4.4 05-74 | Residual fuel 2/....................................| 65.8 73.6 73.8 105.0 .3 1.4 14.5 .3 06-1 | Industrial chemicals 2/.............................| 119.6 124.1 125.5 6.1 1.1 .8 1.1 1.1 06-21 | Prepared paint......................................| 157.4 157.7 158.6 1.1 .6 .3 -.1 .4 06-22 | Paint materials 2/..................................| 144.6 144.0 143.0 -.4 -.7 .1 -.4 -.7 06-31 | Medicinal and botanical chemicals 2/................| 144.6 144.5 143.6 3.7 -.6 -.1 0 -.6 06-4 | Fats and oils, inedible 2/..........................| 88.2 93.3 87.8 -19.4 -5.9 -.9 -4.6 -5.9 06-51 | Mixed fertilizers...................................| 113.5 111.3 112.2 -1.8 .8 -1.4 .3 -.1 06-52-01 | Nitrogenates........................................| 91.6 97.5 101.4 6.5 4.0 -.6 1.3 3.1 06-52-02 | Phosphates 2/.......................................| 111.7 105.0 104.8 -8.6 -.2 -.1 -2.0 -.2 06-53 | Other agricultural chemicals 2/.....................| 145.3 146.5 144.3 -1.4 -1.5 -.7 0 -1.5 06-6 | Plastic resins and materials 2/.....................| 133.8 135.9 137.3 18.5 1.0 .1 1.3 1.0 07-11-02 | Synthetic rubber 2/.................................| 113.7 115.1 115.5 1.2 .3 .8 .1 .3 07-21 | Plastic construction products ......................| 130.7 131.9 134.2 7.8 1.7 .8 .2 2.3 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 127.9 130.4 130.5 3.2 .1 1.5 .2 .1 07-26 | Plastic parts and components for manufacturing 2/...| 117.4 117.1 117.3 .1 .2 -.4 0 .2 08-11 | Softwood lumber 2/..................................| 197.4 192.2 194.1 7.2 1.0 .5 1.7 1.0 08-12 | Hardwood lumber ....................................| 177.3 180.8 181.6 3.3 .4 .8 .8 .2 08-2 | Millwork 2/.........................................| 177.0 175.5 176.0 2.6 .3 0 -.2 .3 08-3 | Plywood 2/..........................................| 177.8 161.1 162.5 .6 .9 1.0 .6 .9 09-11 | Woodpulp 2/.........................................| 125.1 130.7 137.1 21.7 4.9 1.6 2.3 4.9 09-13 | Paper 2/............................................| 142.5 145.3 145.9 3.2 .4 1.0 .5 .4 09-14 | Paperboard 2/.......................................| 161.0 162.4 162.2 14.1 -.1 -.2 .1 -.1 09-15-03 | Paper boxes and containers 2/.......................| 163.3 164.1 165.4 9.3 .8 0 -.1 .8 09-2 | Building paper and board 2/.........................| 146.5 141.5 143.0 8.7 1.1 -.1 .4 1.1 09-37 | Commercial printing (June 1982=100) 2/..............| 152.1 152.9 152.7 .5 -.1 .3 0 -.1 10-15 | Foundry and forge shop products.....................| 135.1 135.1 135.3 .1 .1 -.1 .1 -.1 10-17 | Steel mill products 2/..............................| 104.7 106.0 106.2 -.8 .2 .2 .4 .2 10-22 | Primary nonferrous metals 2/........................| 106.7 112.0 115.9 21.0 3.5 .8 .7 3.5 10-25-01 | Aluminum mill shapes 2/.............................| 140.9 144.1 145.7 7.2 1.1 .1 1.5 1.1 10-25-02 | Copper and brass mill shapes 2/.....................| 158.0 160.3 162.4 12.2 1.3 .8 .9 1.3 10-26 | Nonferrous wire and cable 2/........................| 137.6 137.9 139.7 2.5 1.3 -.7 .4 1.3 10-3 | Metal containers 2/.................................| 106.0 106.4 106.6 -.5 .2 0 -.1 .2 10-4 | Hardware............................................| 149.7 150.0 150.1 1.8 .1 .1 .1 -.1 10-5 | Plumbing fixtures and brass fittings................| 176.9 178.2 178.4 1.8 .1 .3 .6 .2 10-6 | Heating equipment...................................| 154.5 154.1 154.4 .3 .2 -.3 .1 -.1 10-7 | Fabricated structural metal products................| 143.4 144.3 144.8 1.5 .3 .1 .6 .3 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.7 129.9 130.5 -.2 .5 -.6 -.3 .5 10-89 | Other misc. metal products 2/.......................| 125.4 125.8 125.8 .1 0 0 .1 0 11-45 | Mechanical power transmission equipment.............| 161.4 162.1 162.5 1.7 .2 .1 .1 -.3 11-48 | Air conditioning and refrigeration equipment........| 134.7 136.0 134.5 -1.1 -1.1 -.1 0 -1.2 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.3 160.9 160.9 .9 0 .1 .3 0 11-49-05 | Ball and roller bearings............................| 166.9 166.7 167.4 .7 .4 .1 -.2 -.2 11-71 | Wiring devices......................................| 152.7 153.5 153.6 .7 .1 .2 .1 .1 11-73 | Motors, generators, motor generator sets............| 145.6 145.7 145.6 -.4 -.1 .1 .1 -.3 11-75 | Switchgear, switchboard, etc., equipment............| 150.8 151.3 151.9 .9 .4 -.1 .2 -.1 11-78 | Electronic components and accessories 2/............| 98.1 98.6 97.8 -1.0 -.8 -.2 -.3 -.8 11-94 | Internal combustion engines.........................| 143.0 143.1 143.2 .4 .1 .1 .1 -.3 11-95 | Machine shop products 2/............................| 136.8 137.0 137.4 .4 .3 .1 .1 .3 13-11 | Flat glass 2/.......................................| 106.7 106.3 107.4 2.4 1.0 .3 -.6 1.0 13-22 | Cement..............................................| 151.3 150.6 150.5 1.1 -.1 .3 .4 -.2 13-3 | Concrete products...................................| 144.2 144.1 145.5 2.3 1.0 .1 .1 .7 13-6 | Asphalt felts and coatings 2/.......................| 99.7 100.1 100.0 1.0 -.1 0 .3 -.1 13-7 | Gypsum products 2/..................................| 212.6 227.4 227.5 19.7 0 2.1 1.9 0 13-8 | Glass containers 2/.................................| 125.7 125.7 126.1 .2 .3 0 0 .3 14-12 | Motor vehicle parts 2/..............................| 114.0 113.5 113.6 -.4 .1 -.4 0 .1 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 137.8 138.7 138.5 -.4 -.1 .1 -.1 -1.0 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 143.3 142.3 142.3 -1.5 0 0 -.5 0 15-42 | Photographic supplies 2/............................| 128.4 128.1 124.4 -3.6 -2.9 0 0 -2.9 15-6 | Medical/surgical/personal aid devices...............| 144.5 145.3 145.4 .8 .1 -.1 0 0 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 107.3 103.9 106.3 18.0 2.3 3.6 -3.9 2.7 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 100.1 96.8 96.4 -4.7 -.4 .2 -2.1 .7 | | 01-21 | Wheat 2/............................................| 80.5 74.0 77.4 -10.7 4.6 5.0 -9.0 4.6 01-22-02-05| Corn 2/.............................................| 72.7 73.2 77.1 -7.9 5.3 8.3 -1.6 5.3 01-31 | Slaughter cattle 2/.................................| 97.5 102.3 102.2 11.7 -.1 -1.6 .7 -.1 01-32 | Slaughter hogs......................................| 55.1 60.9 61.0 36.8 .2 4.3 7.4 9.7 01-41-02 | Slaughter broilers/fryers...........................| 133.8 134.8 129.3 -7.8 -4.1 12.8 2.8 -4.9 01-42 | Slaughter turkeys...................................| 135.4 123.1 103.2 7.2 -16.2 -1.7 -2.1 4.8 01-6 | Fluid milk..........................................| 117.4 90.6 89.5 -30.0 -1.2 -7.8 -11.3 1.7 01-83-01-31| Soybeans 2/.........................................| 82.3 76.5 79.6 -13.3 4.1 -1.8 -2.7 4.1 02-52-01-01| Cane sugar,raw 2/...................................| 109.9 97.0 96.8 -18.4 -.2 -8.9 -2.8 -.2 | | | CRUDE NONFOOD MATERIALS..............................| 108.3 105.0 109.2 37.9 4.0 5.9 -5.2 4.0 | | 01-51-01-01| Raw cotton..........................................| 80.7 78.2 85.0 -10.0 8.7 .1 .7 10.2 01-92-01-01| Leaf tobacco 2/.....................................| 102.9 112.0 111.7 -.6 -.3 -5.0 7.6 -.3 04-11 | Cattle hides 2/.....................................| 151.1 161.2 156.5 9.2 -2.9 -10.1 14.2 -2.9 05-1 | Coal 2/.............................................| 88.6 87.3 89.3 1.2 2.3 -.6 -2.6 2.3 05-31 | Natural gas 2/......................................| 114.9 91.9 100.2 34.1 9.0 11.7 -22.4 9.0 05-61 | Crude petroleum 2/..................................| 65.5 71.9 71.9 138.1 0 9.2 8.6 0 08-5 | Logs, timber, etc...................................| 202.9 206.1 208.5 5.0 1.2 .5 .1 .1 09-12 | Wastepaper 2/.......................................| 215.5 243.8 288.6 128.0 18.4 5.9 2.4 18.4 10-11 | Iron ore 2/.........................................| 94.8 94.8 94.8 -.4 0 0 0 0 10-12 | Iron and steel scrap 2/.............................| 143.0 166.2 168.4 35.4 1.3 6.9 6.6 1.3 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 63.6 65.9 67.7 12.1 2.7 -6.9 -1.6 2.7 10-23-01 | Copper base scrap 2/................................| 116.0 116.0 121.3 21.4 4.6 -.7 1.2 4.6 10-23-02 | Aluminum base scrap.................................| 172.8 177.2 185.8 29.7 4.9 1.0 1.0 4.3 13-21 | Construction sand, gravel, and crushed stone........| 158.2 158.7 159.5 2.7 .5 .5 .3 -.1 ___________________________________________________________________________________________________________________________________ 1/ The indexes for September 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 |Sept. 1999 | Dec. 1999 | Jan. 2000 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 378.1 | 378.9 | 377.9 | | All commodities................................| 128.0 | 128.0 | 128.3 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 121.5 | 119.7 | 119.3 | 01 | Farm products................................| 99.3 | 96.7 | 95.7 | 02 | Processed foods and feeds....................| 132.5 | 131.1 | 131.0 | | | | | | | Industrial commodities.........................| 129.3 | 129.6 | 130.0 | 03 | Textile products and apparel.................| 120.8 | 120.7 | 120.4 | 04 | Hides, skins, leather, and related products..| 147.5 | 149.4 | 148.9 | 05 | Fuels and related products and power 2/......| 90.2 | 87.8 | 88.7 | 06 | Chemicals and allied products 2/.............| 145.8 | 147.6 | 148.3 | 07 | Rubber and plastic products..................| 123.1 | 123.5 | 124.2 | 08 | Lumber and wood products.....................| 184.9 | 182.5 | 183.6 | 09 | Pulp, paper, and allied products.............| 176.0 | 177.9 | 179.5 | 10 | Metals and metal products....................| 125.5 | 127.3 | 128.1 | 11 | Machinery and equipment......................| 123.9 | 124.2 | 124.1 | 12 | Furniture and household durables.............| 131.7 | 132.1 | 132.1 | 13 | Nonmetallic mineral products.................| 139.6 | 140.2 | 141.2 | 14 | Transportation equipment.....................| 140.1 | 143.0 | 143.0 | 15 | Miscellaneous products.......................| 168.6 | 169.8 | 167.1 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 139.8 | 141.1 | 141.4 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 120.5 | 118.8 | 106.8 | 01-2 | Grains.........................................| 75.9 | 74.0 | 77.8 | 01-3 | Slaughter livestock............................| 86.7 | 91.9 | 91.6 | 01-4 | Slaughter poultry..............................| 132.6 | 130.7 | 122.2 | 01-5 | Plant and animal fibers........................| 80.0 | 77.3 | 83.9 | 01-7 | Chicken eggs...................................| 87.7 | 82.1 | 89.5 | 01-8 | Hay, hayseeds, and oilseeds....................| 99.5 | 96.1 | 98.6 | 01-83 | Oilseeds.......................................| 90.0 | 87.4 | 90.0 | 01-9 | Other farm products............................| 153.4 | 167.0 | 166.6 | 02-1 | Cereal and bakery products.....................| 157.7 | 157.0 | 157.3 | 02-2 | Meats, poultry, and fish.......................| 117.8 | 117.2 | 117.5 | 02-22 | Processed poultry..............................| 115.1 | 114.5 | 111.9 | 02-5 | Sugar and confectionery........................| 135.0 | 133.8 | 133.5 | 02-6 | Beverages and beverage materials...............| 138.6 | 138.9 | 139.8 | 02-63 | Packaged beverage materials....................| 131.0 | 131.3 | 137.2 | 02-7 | Fats and oils..................................| 118.9 | 114.0 | 114.1 | 03-81 | Apparel........................................| 127.0 | 127.0 | 126.9 | 04-4 | Other leather and related products.............| 145.8 | 145.9 | 145.6 | 05-3 | Gas fuels 2/...................................| 108.3 | 93.2 | 98.9 | 05-4 | Electric power.................................| 134.2 | 126.5 | 125.9 | 05-7 | Refined petroleum products.....................| 72.5 | 74.8 | 75.4 | 06-3 | Drugs and pharmaceuticals......................| 253.6 | 254.3 | 254.9 | 06-5 | Agricultural chemicals and products............| 123.2 | 122.5 | 122.6 | 06-7 | Other chemicals and allied products............| 135.5 | 135.9 | 135.8 | 07-1 | Rubber and rubber products.....................| 114.1 | 114.6 | 114.7 | 07-11 | Rubber, except natural rubber..................| 113.2 | 114.5 | 114.9 | 07-13 | Miscellaneous rubber products..................| 138.3 | 138.3 | 138.3 | 07-2 | Plastic products...............................| 130.4 | 130.9 | 131.9 | 08-1 | Lumber.........................................| 189.2 | 186.7 | 188.2 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 151.2 | 153.8 | 155.8 | 09-15 | Converted paper and paperboard products........| 155.8 | 156.9 | 157.7 | 10-1 | Iron and steel.................................| 113.9 | 117.1 | 117.4 | 10-2 | Nonferrous metals..............................| 122.4 | 125.4 | 128.0 | 10-25 | Nonferrous mill shapes.........................| 136.4 | 139.4 | 140.8 | 11-3 | Metalworking machinery and equipment...........| 148.3 | 148.3 | 148.6 | 11-4 | General purpose machinery and equipment........| 149.3 | 149.9 | 149.9 | 11-6 | Special industry machinery.....................| 161.6 | 161.9 | 162.2 | 11-7 | Electrical machinery and equipment.............| 119.2 | 119.8 | 119.3 | 11-9 | Miscellaneous machinery and equipment..........| 133.2 | 133.3 | 133.5 | 12-6 | Other household durable goods..................| 153.0 | 153.4 | 154.0 | 13-2 | Concrete ingredients...........................| 153.0 | 153.1 | 153.5 | 14-1 | Motor vehicles and equipment...................| 129.1 | 133.5 | 132.9 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.2 | 132.3 | 132.5 | 15-4 | Photographic equipment and supplies............| 110.6 | 110.7 | 108.1 | 15-9 | Other miscellaneous products...................| 134.9 | 136.1 | 136.7 | __________________________________________________________|___________|___________|___________| 1/ Data for September 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_Jan._2000_from:__ code | |base | | | | | | | |Sep. |Dec. |Jan. | Jan. | Dec. | | |1999 2/|1999 2/|2000 2/| 1999 | 1999 __________________|______________________________________________|_____|_______|_______|_______|________|___________ | | | |Total mining industries...................... |12/84| 91.5 87.5 90.0 40.4 2.9 10 | Metal mining................................ |12/84| 70.4 72.6 73.7 8.1 1.5 12 | Coal mining................................. |12/85| 85.9 85.1 85.9 .5 .9 13 | Oil and gas extraction...................... |12/85| 96.9 91.6 94.7 57.0 3.4 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 134.3 134.4 134.7 1.3 .2 | | | |Total manufacturing industries............... |12/84| 129.7 130.6 130.8 3.6 .2 20 | Food and kindred products................... |12/84| 127.5 126.7 126.6 0 -.1 21 | Tobacco manufactures........................ |12/84| 344.5 345.0 329.5 4.1 -4.5 22 | Textile mill products....................... |12/84| 115.9 116.1 116.0 -.9 -.1 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.6 125.6 125.2 .2 -.3 24 | Lumber and wood products, except furniture.. |12/84| 163.1 160.9 161.8 3.3 .6 25 | Furniture and fixtures...................... |12/84| 141.8 142.2 142.3 1.3 .1 26 | Paper and allied products................... |12/84| 138.7 140.3 141.0 6.0 .5 27 | Printing, publishing, and allied industries. |12/84| 178.1 179.2 180.3 2.2 .6 28 | Chemicals and allied products............... |12/84| 151.0 152.5 153.1 3.8 .4 29 | Petroleum refining and related products..... |12/84| 90.2 92.8 94.2 60.8 1.5 30 | Rubber and miscellaneous plastic products... |12/84| 122.8 123.3 123.9 2.0 .5 31 | Leather and leather products................ |12/84| 136.9 137.3 137.3 1.1 0 32 | Stone, clay, glass, and concrete products... |12/84| 133.2 133.6 134.2 2.7 .4 33 | Primary metal industries.................... |12/84| 116.4 117.2 118.1 1.9 .8 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 129.2 129.6 129.8 .8 .2 35 | Machinery, except electrical................ |12/84| 117.1 117.2 117.2 -.2 0 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.2 109.4 108.9 -1.0 -.5 37 | Transportation equipment.................... |12/84| 132.6 136.0 136.1 1.2 .1 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 124.9 125.4 125.7 -.7 .2 39 | Miscellaneous manufacturing industries...... |12/85| 130.0 130.6 130.9 .5 .2 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 101.6 101.6 102.2 1.2 .6 42 | Motor freight transportation and warehousing |06/93| 115.8 115.8 116.5 2.6 .6 43 | United states postal service................ |06/89| 135.2 135.2 135.2 -.1 0 44 | Water transportation........................ |12/92| 117.3 117.2 116.1 9.5 -.9 45 | Transportation by air....................... |12/92| 131.8 133.7 135.4 7.0 1.3 46 | Pipe lines, except natural gas.............. |12/86| 98.3 98.4 102.1 3.8 3.8 80 | Health services............................. |12/94| 110.1 110.5 111.3 1.9 .7 81 | Legal services.............................. |12/96| 109.2 109.5 109.9 2.3 .4 ____________________________________________________________________________________________________________________ 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 September 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 | | | | | | | Aug. | Sep. | Oct. | Nov. | Dec. | Jan. | 1999 | 1999 | 1999 | 1999 | 1999 | 2000 _______________________________________________________|________|________|________|________|________|________ | Finished goods...................................| 133.5 134.6 134.6 134.9 135.0 135.0 Finished consumer goods........................| 132.7 134.1 134.0 134.4 134.5 134.5 Finished consumer foods......................| 135.1 136.1 135.5 135.5 135.5 135.7 Crude......................................| 122.6 123.7 118.1 118.3 123.4 118.1 Processed..................................| 136.1 137.1 136.8 136.8 136.5 137.1 Finished consumer goods, excluding foods.....| 131.5 133.1 133.2 133.8 133.9 133.8 Nondurable goods less foods................| 129.3 131.4 131.4 132.2 132.4 132.2 Durable goods..............................| 132.8 133.2 133.6 133.5 133.9 133.7 Capital equipment..............................| 137.4 137.6 137.9 137.8 138.0 138.1 Manufacturing industries.....................| 138.4 138.4 138.6 138.6 138.8 139.0 Nonmanufacturing industries..................| 137.0 137.2 137.6 137.4 137.6 137.7 | Intermediate materials, supplies, and components.| 124.1 124.7 125.1 125.5 125.8 126.3 Materials and components for manufacturing.....| 125.0 125.4 125.9 126.0 126.1 126.5 Materials for food manufacturing.............| 120.4 121.6 122.4 121.5 118.5 118.5 Materials for nondurable manufacturing.......| 125.5 126.5 127.3 127.8 128.4 129.1 Materials for durable manufacturing..........| 126.2 126.2 126.5 126.8 127.4 128.4 Components for manufacturing.................| 125.6 125.7 125.9 125.8 125.8 125.7 Materials and components for construction......| 150.3 149.5 149.2 149.4 149.9 150.5 Processed fuels and lubricants.................| 87.7 89.4 89.6 91.2 92.6 93.4 Manufacturing industries ....................| 90.0 91.6 91.7 93.6 94.4 94.0 Nonmanufacturing industries..................| 86.1 87.8 88.1 89.6 91.3 92.7 Containers.....................................| 143.7 145.8 146.5 146.5 146.4 147.2 Supplies.......................................| 134.2 134.5 134.9 135.1 135.2 135.2 Manufacturing industries.....................| 140.9 140.9 141.2 141.4 141.6 141.7 Nonmanufacturing industries..................| 131.4 131.7 132.2 132.3 132.4 132.4 Feeds......................................| 87.8 88.8 90.3 90.6 90.7 90.4 Other supplies.............................| 136.7 136.8 137.2 137.3 137.4 137.4 | Crude materials for further processing...........| 102.1 106.8 105.1 108.9 104.6 107.4 Foodstuffs and feedstuffs......................| 97.8 99.1 100.0 100.2 98.1 98.8 Nonfood materials..............................| 101.3 108.2 104.8 111.0 105.2 109.4 Nonfood materials except fuel 2/.............| 96.0 102.4 100.9 105.0 109.9 111.9 Manufacturing 2/...........................| 87.7 93.7 92.3 96.1 100.8 102.6 Construction...............................| 196.8 197.5 199.1 200.3 201.5 203.5 Crude fuel 3/................................| 100.5 107.6 101.7 110.5 90.5 97.3 Manufacturing industries...................| 99.7 107.6 100.9 110.1 90.5 96.2 Nonmanufacturing industries................| 102.4 109.5 103.6 112.5 92.1 99.1 | Special groupings | | Finished goods, excluding foods..................| 132.9 134.1 134.2 134.6 134.8 134.7 Intermediate materials less foods and feeds......| 124.9 125.4 125.8 126.2 126.7 127.2 Intermediate foods and feeds.....................| 110.4 111.5 112.5 112.0 109.9 109.9 Crude materials less agricultural products 2/....| 101.9 109.0 105.3 111.9 105.7 109.9 | Finished energy goods............................| 81.7 83.4 83.2 84.5 84.8 85.4 Finished goods less energy.......................| 142.7 143.7 143.7 143.7 143.8 143.6 Finished consumer goods less energy..............| 145.0 146.2 146.1 146.1 146.2 145.9 | Finished goods less foods and energy.............| 145.8 146.7 146.9 146.9 147.0 146.7 Finished consumer goods less foods and energy....| 151.3 152.7 153.0 153.0 153.1 152.5 Consumer nondurable goods less foods and energy..| 165.8 168.0 168.2 168.3 168.2 167.1 | Intermediate energy goods........................| 87.3 89.0 89.2 90.9 92.3 93.0 Intermediate materials less energy...............| 132.2 132.5 132.9 133.0 133.2 133.5 Intermediate materials less foods and energy.....| 133.7 133.9 134.2 134.4 134.7 135.1 | Crude energy materials 2/........................| 87.3 95.4 89.6 97.5 89.0 92.9 Crude materials less energy......................| 107.6 109.2 110.9 111.3 110.5 112.3 Crude nonfood materials less energy 3/...........| 136.2 138.7 142.8 143.6 146.5 151.2 _____________________________________________________________________________________________________________ 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 September 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 The term Producer Price Index (PPI) refers to a family of indexes that measure the average change over time in the selling prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI); CPIs measure price change from the purchaser's perspective. Sellers' and purchasers' prices may differ due to government subsidies, sales and excise taxes, and distribution costs. Over 10,000 PPIs for individual products and groups of products are released each month. PPIs are available for the products of virtually every industry in the mining and manufacturing sectors of the U.S. economy. New PPIs are gradually being introduced for the products of industries in the transportation, utilities, trade, finance, and services sectors of the economy. Over 100,000 price quotations per month are organized into three sets of producer price indexes: (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, 2, and 5) organizes products by class of buyer and degree of fabrication. 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). 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. The Bureau publishes price indexes instead of unit dollar prices. 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. 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 1992 values of shipments as reported in the Census of Manufactures and other sources. From January 1992 through December 1995, PPI weights were derived from 1987 shipment values. Industry indexes shown in table 4 are also now calculated with 1992 net output weights. This periodic update of the value weights used to calculate the PPI is done to more accurately reflect changes in production and marketing patterns in the economy. 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. 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. 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 14, "Producer Prices," in BLS Handbook of Methods (April 1997), Bulletin 2490. Reprints are available from the Bureau of Labor Statistics on request. Calculating Index Changes 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 today." 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. 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 changes are affected by the level of the index in relation to its base period, while percent changes are not. The example below shows the computation of index point and percent changes. 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 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 and Unadjusted Data 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 (April 1997), Bulletin 2490 and (2) "Summary of Changes to the PPI's Seasonal Adjustment Methodology" in the January 1995 issue of Producer Price Indexes.