FOR DATA ONLY: (202) 606-7828 USDL 99-221 FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN (202) 606-7705 THIS RELEASE IS EMBARGOED MEDIA CONTACT: (202) 606-5902 UNTIL 8:30 A.M. (E.D.T), FRIDAY, http://stats.bls.gov/ppihome.htm AUGUST 13, 1999 Producer Price Indexes -- July 1999 The Producer Price Index for Finished Goods advanced 0.2 percent in July, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This advance followed a 0.1-percent decline in June and a 0.2-percent rise in May. The index for finished goods other than foods and energy showed no change in July, after falling 0.2 percent a month ago. Prices received by manufacturers of intermediate goods registered a 0.6-percent advance, following a 0.4-percent gain a month earlier. The crude goods index decreased 0.2 percent, after increasing 1.4 percent in the prior month. (See table A.) Table A. Monthly and annual percent changes in selected stage-of- processing price indexes, seasonally adjusted Finish ed goods Change in Except finished Inter- goods foods from 12 mediate Crude and months Month Total Foods Energy energy ago goods goods (unadj.) 1998 July 0.2 0.5 -0.1 0.2 -0.2 0.0 0.1 Aug. -.3 -.3 -1.9 0 -.8 -.3 -4.2 Sept. .2 .2 -.4 .3 -.9 -.3 -1.8 Oct. .3 .4 .8 .1 -.7 -.2 2.5 Nov. -.2 -.4 -1.3 .1 -.6 -.2 -.1 Dec. .5 0 -1.8 1.0 0 -.7 -3.6 1999 Jan. .3 1.5 .8 -.2 .8 0 .6 Feb. -.5 -1.2 -1.1 .1 .5 -.3 -2.3 Mar. r.3 .3 r1.7 r-.1 .8 r.3 r.3 Apr. .5 -.9 r5.3 .1 1.1 r.7 r1.8 May .2 .5 0 .1 1.4 .2 5.5 June -.1 .4 -.3 -.2 1.5 .4 1.4 July .2 -.9 3.4 0 1.5 .6 -.2 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for March 1999 have been revised to reflect the availability of late reports and corrections by respondents. -2- Among finished goods, prices for finished energy goods and finished consumer goods other than foods and energy rose, after falling in the previous month. The capital equipment index declined less than a month ago. By contrast, prices for finished consumer foods turned down, after rising in June. Before seasonal adjustment, the Producer Price index for Finished Goods advanced 0.2 percent in July to stand at 132.9 (1982=100). From July 1998 through July 1999, the Finished Goods Price Index increased 1.5 percent. During the same period, prices for finished goods other than foods and energy rose 1.3 percent, while the finished energy goods index advanced 4.9 percent and finished consumer foods prices declined 0.3 percent. Prices received by manufacturers of intermediate goods increased 0.1 percent for the 12 months ended in July, and the index for crude goods fell 0.7 percent during the same period. Finished goods The finished energy goods index advanced 3.4 percent in July, after posting a 0.3-percent decline in June. Over half of the acceleration in prices for finished energy goods can be traced to an upturn in the gasoline index, which increased 12.7 percent, following a 1.9-percent decrease last month. The indexes for residential electric power and home heating oil also turned up, after falling in the prior month. Finished lubricant prices rose more than in June. By contrast, the residential natural gas index increased 0.4 percent, following a 0.9-percent rise in June. 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 foods 12 months and ago Energy and ago Month Foods Energy energy (unadj.) Foods (unadj.) energy (unadj.) 1998 July 0.4 0.0 -0.1 -1.6 -3.4 6.0 -1.5 -8.4 Aug. -.4 -1.5 -.1 -2.1 -1.1 -9.0 -2.8 -12.3 Sept. -.9 -.5 -.3 -2.5 -.9 -3.6 -1.2 -15.1 Oct. -.4 1.0 -.3 -2.5 3.2 5.5 -3.0 -16.6 Nov. .8 -1.1 -.2 -2.9 -.6 2.0 -2.2 -18.4 Dec. -.6 -3.5 -.2 -3.3 -4.3 -4.0 -1.7 -16.7 1999 Jan. .6 .8 -.2 -2.7 4.9 -5.0 .2 -11.4 Feb. -1.9 -.9 -.1 -2.7 -3.0 -3.6 1.2 -11.9 Mar. r-1.4 r2.2 .1 r-2.1 -.7 r2.9 r-1.1 r-10.5 Apr. r-1.9 r5.0 .2 -1.4 -2.5 r9.9 r-1.0 -9.9 May .5 .4 .2 -1.1 2.2 11.9 2.3 -4.4 June .7 -.2 .5 -.5 .4 3.1 .5 -.4 July -1.4 2.9 .4 .1 -4.8 3.7 2.3 -.7 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for March 1999 have been revised to reflect the availability of late reports and corrections by respondents. -3- Prices for finished consumer goods other than foods and energy increased 0.1 percent in July, after registering a 0.1-percent decrease a month ago. In July, advancing indexes for prescription drugs, sanitary papers and health products, soaps and synthetic detergents, alcoholic beverages, and mobile homes slightly outweighed declining prices for light motor trucks, passenger cars, tires, men's and boys' apparel, and women's apparel. The capital equipment index declined 0.1 percent in July, after posting a 0.3-percent decrease a month earlier. Prices for communication and related equipment fell 0.1 percent, following a 0.9-percent decline in June. The indexes for light motor trucks and electronic computers also fell less than a month ago. Prices for x-ray and electromedical equipment turned up, after falling in the prior month. By contrast, the indexes for railroad equipment and printing trades machinery fell, following increases last month. Prices for industrial materials handling equipment showed no change, after rising in June. Finished consumer foods prices fell 0.9 percent in July, after registering a 0.4-percent gain in June. The beef and veal index declined 3.4 percent, following an 8.2-percent advance in the previous month. Prices for fresh and dry vegetables and processed turkeys also fell, after rising a month ago. The index for processed young chickens turned down, after showing no change in June. Prices for dairy products and for finfish and shellfish rose less than last month. By contrast, the index for eggs for fresh use advanced 7.1 percent in July, following a 0.1-percent decline in the prior month. Prices for fresh fruits and melons and for pork fell less than in June. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components advanced 0.6 percent in July, following a 0.4-percent rise in June. On a seasonally adjusted annual rate basis, prices for intermediate goods rose 3.1 percent from December 1998 to July 1999. In July, the index for intermediate energy goods turned up, after falling in the prior month. The durable manufacturing materials index rose more than a month ago. By contrast, prices for intermediate foods and feeds declined, after increasing in June. The indexes for materials for nondurable manufacturing and for materials and components for construction rose less than in the previous month. Excluding foods and energy, the index for intermediate materials increased 0.4 percent, following a 0.5-percent advance a month ago. (See Table B.) The index for intermediate energy materials rose 2.9 percent, after dropping 0.2 percent in June. Gasoline prices turned up 12.7 percent, following a 1.9-percent decrease in the prior month. The indexes for industrial electric power and jet fuels also turned up, after falling in the previous month. Prices for commercial electric power fell less than a month ago. The July index for diesel fuel rose faster than in June. By contrast, liquefied petroleum gas prices turned down 1.1 percent in July, after posting an 11.7-percent gain in the prior month. The index for natural gas to electric utilities also fell, after increasing in the previous month. Residual fuel prices rose less than a month ago. The index for durable manufacturing materials rose 0.8 percent, following a 0.7-percent increase in June. Price increases for plywood, flat glass, copper cathode and refined copper, copper and brass mill shapes, and for building paper and board outweighed price declines for steel mill products, hardwood lumber, and gold. -4- The index for intermediate foods and feeds turned down 1.4 percent, after rising 0.7 percent a month ago. Beef and veal prices dropped 3.4 percent, following an 8.2-percent advance in the prior month. The indexes for fluid milk products, prepared animal feeds, flour, confectionery materials, and butter also turned down, after rising in June. Prices for crude vegetable oils fell more than in the previous month. By contrast, the index for natural, processed, and imitation cheese increased 3.0 percent, following a 0.3-percent rise in the prior month. Refined sugar prices also turned up, after falling in the previous month. The pork index fell less than in June. Prices for condensed and evaporated milk products showed no change, following a decrease a month ago. The index for materials for nondurable manufacturing increased 0.4 percent in July, following a 0.9 percent gain a month ago. Prices for basic organic chemicals rose 0.3 percent, after rising 1.8 percent in June. The indexes for medicinal and botanical chemicals and for woodpulp also rose less than the prior month. Prices for synthetic fibers and finished fabrics turned down, after rising in June. By contrast, prices for paperboard increased 3.5 percent in July, following a 0.7-percent rise in the previous month. The index for paper turned up, after decreasing in June, and prices for gray fabrics fell less than a month ago. The index for materials and components for construction increased 0.7 percent in July, following a 0.8 percent rise in June. Rising prices for softwood lumber, plywood, plastic construction products, millwork, and nonferrous wire and cable outweighed falling prices for air conditioning and refrigeration equipment, steel wire, fabricated ferrous wire products, and gypsum products. Crude Goods The Producer Price Index for Crude Materials for Further Processing decreased 0.2 percent in July, seasonally adjusted, following a 1.4-percent rise in June. Prices for crude foodstuffs and feedstuffs also turned down, after advancing in the prior month. On the other hand, the indexes for basic industrial materials and crude energy materials rose more than in the previous month. (See table B.) The index for crude foodstuffs and feedstuffs declined 4.8 percent, following a 0.4-percent increase in June. Slaughter cattle prices fell 2.4 percent, after rising 3.8 percent in the prior month. The indexes for fresh and dry vegetables (except potatoes), wheat, and slaughter turkeys also turned down, after decreasing a month earlier. Prices for corn, soybeans, slaughter broilers and fryers, and slaughter hogs fell more in July than in June. The indexes for fluid milk, Irish potatoes for processing, and unprocessed finfish rose less than a month ago. On the other hand, the Louisiana rough rice index turned up, after falling a month earlier. Prices for fresh fruits and melons and for unprocessed shellfish fell less than in June. Prices for basic industrial materials rose 2.3 percent in July, following a 0.5-percent rise in the previous month. This acceleration in price increases was led by the indexes for copper ores and copper base scrap, both of which turned up after falling in June. The index for pulpwood logs also rose, after decreasing a month ago. Prices for aluminum base scrap and wastepaper increased more than in the prior month. By contrast, the indexes for iron and steel scrap and for phosphates turned down, after increasing in the previous month. Raw cotton prices fell more in July than in June. Prices for softwood logs and for construction sand and gravel rose less than a month ago. Prices for crude energy materials rose 3.7 percent in July, following a 3.1-percent jump in June. The crude petroleum index increased 10.0 percent, after a 3.4-percent advance in the prior month. By contrast, price increases for natural gas slowed to 3.2 percent in July from 5.3 percent in June. Prices for coal fell more than in June. -5- Net output price indexes for mining, manufacturing, and other industries Mining. The Producer Price Index for the net output of total domestic mining industries rose 2.9 percent in July, after registering a 2.6-percent advance in June. (Net output price indexes are not seasonally adjusted.) The index for the copper ores industry increased 11.7 percent, following an 8.8-percent decrease a month ago. Prices received by the metal mining services industry and the drilling oil and gas wells industry also rose, after falling last month. The gold ores industry index fell less than in the prior month. By contrast, the index for the bituminous coal and lignite industry declined 3.0 percent, following a 1.4-percent drop a month earlier. Prices received by the crude petroleum, natural gas, and natural gas liquids industry rose less than in the previous month. In July, the Producer Price Index for the net output of total domestic mining industries stood at 78.4 (December 1984=100), 8.4 percent above its year-ago level. Manufacturing. The Producer Price Index for the net output of total domestic manufacturing industries increased 0.3 percent in July, after posting a 0.1-percent rise in June. The index for the petroleum refining and related products industry group advanced 8.3 percent, following a 1.7- percent decline a month ago. Prices received by the printing, publishing, and allied products industry group rose, after showing no change last month. Prices received by the paper and allied products, fabricated metal products (except machinery and transportation equipment), and rubber and plastic products industry groups increased more than in the prior month. The index for the apparel industry group fell less than in June. Conversely, prices received by the food and kindred products industry group declined 0.5 percent, following a 0.7-percent rise a month earlier. The index for the chemicals and allied products industry group rose less than in the previous month. Prices received by the machinery (except electrical) industry group fell, after showing no change a month ago. In July, the Producer Price Index for the net output of total domestic manufacturing industries stood at 128.2 (December 1984=100), 1.6 percent above its year-ago level. Other. Prices for real estate agents and managers, passenger car rental, telephone communications (except radiotelephone), offices and clinics of doctors of medicine, and for property and casualty insurance rose in July. On the other hand, the industry indexes for operators and lessors of nonresidential buildings, deep sea foreign transportation of freight, life insurance carriers, and scheduled air transportation declined in July. ***** Producer Price Index data for August 1999 will be released on Friday, September 10, 1999 at 8:30 a.m. (E.D.T.) ***** Information in this news release will be made available to sensory impaired individuals upon request. Voice phone: 202-606-7828; TDD phone: 202-606- 5897; TDD Message Referral phone: 1-800-326-2577. New Industry Samples in the Producer Price Index Effective with this release, the Producer Price Index (PPI) includes data for 24 resampled industries. The Bureau of Labor Statistics periodically updates the sample of producers providing data for the PPI to reflect current conditions more accurately when the structure, membership, technology, or product mix of an industry shifts significantly. The Bureau published the first results of this systematic process in July 1986. Subsequent efforts have been completed at 6-month intervals. -6- As part of an ongoing effort to expand coverage to sectors of the economy other than mining and manufacturing, the wireless telecommunications industry is being introduced into the PPI for the first time. The index for this industry appears in table 5 of the PPI Detailed Report. For further discussion of the new index, see "New Producer Price Index for the wireless telecommunications industry" in the July 1999 issue of the PPI Detailed Report or call the Section of Index Analysis and Public Information at (202) 606-7705. Standard Industrial Classification (SIC) Code Industry 2051 Bread and other bakery products, except cookies and crackers 2121 Cigars 2131 Chewing and smoking tobacco and snuff 2141 Tobacco stemming and redrying 2671 Paper coated and laminated, packaging 2672 Paper coated and laminated, not elsewhere classified 2711 Newspaper publishing 2721 Periodical publishing 2844 Perfumes, cosmetics, and other toilet preparations 2895 Carbon black 3082 Unsupported plastics profile shapes, rods and tubes 3433 Nonelectric heating equipment 3499 Fabricated metal products, not elsewhere classified 3577 Computer peripheral equipment, not elsewhere classified 3634 Electric housewares and fans 3648 Lighting equipment, not elsewhere classified 3674 Semiconductors and related devices 3812 Search, detection, navigation, and guidance systems and aeronautical and nautical navigation systems 3824 Fluid meters and counting devices 3826 Laboratory analytical instruments 3931 Musical instruments 3944 Games, toys, and children's vehicles, except dolls and bicycles 3965 Fasteners, buttons, needles and pins 3993 Signs and advertising displays 4812 Wireless telecommunications For information on specific additions, deletions, and recodes of indexes that are effective this month, see tables 12 through 18 in the July 1999 issue of the PPI Detailed Report. 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| |July 1999 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | Mar. |June |July | July | June |Apr. to| May to |June to | 1998 1/|1999 2/|1999 2/|1999 2/| 1998 | 1999 | May | June | July _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 131.1 132.7 132.9 1.5 0.2 0.2 -0.1 0.2 Finished consumer goods........................| 74.783 129.4 131.6 132.0 2.0 .3 .2 .1 .3 Finished consumer foods......................| 23.285 134.7 135.3 134.3 -.3 -.7 .5 .4 -.9 Crude......................................| 1.701 130.5 126.5 121.6 -5.3 -3.9 -1.2 -1.3 -4.8 Processed..................................| 21.584 135.0 135.9 135.4 .1 -.4 .7 .6 -.6 Finished consumer goods, excluding foods.....| 51.498 127.0 129.9 130.8 3.0 .7 0 -.2 .9 Nondurable goods less foods................| 35.202 122.9 127.2 128.8 4.5 1.3 -.2 0 1.3 Durable goods..............................| 16.296 133.1 132.4 131.8 -.2 -.5 .3 -.4 -.1 Capital equipment..............................| 25.217 137.7 137.4 137.0 -.1 -.3 .2 -.3 -.1 Manufacturing industries.....................| 6.607 138.5 138.4 138.4 .4 0 .1 -.1 .1 Nonmanufacturing industries..................| 18.610 137.4 137.0 136.5 -.2 -.4 .3 -.4 -.2 | Intermediate materials, supplies, and components.| 100.000 120.7 122.9 123.6 .1 .6 .2 .4 .6 Materials and components for manufacturing.....| 47.713 123.4 124.2 124.4 -1.3 .2 .2 .5 .2 Materials for food manufacturing.............| 3.633 121.4 120.1 118.6 -3.5 -1.2 .7 .8 -1.5 Materials for nondurable manufacturing.......| 15.730 122.6 124.0 124.5 -1.9 .4 .2 .9 .4 Materials for durable manufacturing..........| 10.415 123.2 125.0 126.0 -1.4 .8 .8 .7 .8 Components for manufacturing.................| 17.935 125.7 125.6 125.6 -.2 0 -.1 0 0 Materials and components for construction......| 14.004 147.8 149.4 150.5 2.2 .7 .1 .8 .7 Processed fuels and lubricants.................| 11.845 76.2 84.1 86.5 4.0 2.9 .4 -.4 3.0 Manufacturing industries ....................| 4.580 81.4 87.9 89.6 1.5 1.9 .8 -.2 1.9 Nonmanufacturing industries..................| 7.265 73.1 81.7 84.5 5.6 3.4 -.1 -.2 3.6 Containers.....................................| 3.881 138.5 142.1 142.0 .5 -.1 .6 .7 0 Supplies.......................................| 22.557 133.7 133.9 134.0 -.8 .1 -.1 .1 .1 Manufacturing industries.....................| 5.131 140.3 140.4 140.6 -.1 .1 -.1 0 .1 Nonmanufacturing industries..................| 17.426 130.8 131.2 131.2 -1.0 0 -.2 .2 .1 Feeds......................................| 1.242 87.6 88.2 87.4 -13.8 -.9 -.1 .2 -.9 Other supplies.............................| 16.184 136.0 136.3 136.5 .1 .1 -.1 .2 .1 | Crude materials for further processing...........| 100.000 89.0 97.2 97.4 -.7 .2 5.5 1.4 -.2 Foodstuffs and feedstuffs......................| 45.019 98.8 99.6 95.9 -7.5 -3.7 2.2 .4 -4.8 Nonfood materials..............................| 54.981 79.1 92.1 94.9 4.7 3.0 8.3 2.1 3.2 Nonfood materials except fuel 3/.............| 29.160 77.8 88.7 92.9 8.9 4.7 5.3 1.4 5.1 Manufacturing 3/...........................| 27.653 70.4 80.7 84.8 9.4 5.1 5.4 1.5 5.2 Construction...............................| 1.507 192.3 194.9 195.3 1.4 .2 .7 1.7 .5 Crude fuel 4/................................| 25.821 74.6 89.4 90.0 -.8 .7 12.5 3.1 .7 Manufacturing industries...................| 2.104 72.3 87.4 89.3 .8 2.2 11.7 3.7 2.2 Nonmanufacturing industries................| 23.717 76.2 91.2 91.6 -1.0 .4 12.5 3.1 .4 | Special groupings | | Finished goods, excluding foods..................|5/ 76.715 129.9 131.8 132.3 2.0 .4 .1 -.2 .5 Intermediate materials less foods and feeds......|6/ 95.125 121.2 123.6 124.4 .4 .6 .2 .4 .6 Intermediate foods and feeds.....................|6/ 4.875 111.0 110.3 109.0 -6.4 -1.2 .5 .7 -1.4 Crude materials less agricultural products 3/ 7/.|8/ 52.084 78.0 92.1 95.2 6.1 3.4 8.6 2.4 3.5 | Finished energy goods............................|5/ 11.972 71.2 78.4 80.7 4.9 2.9 0 -.3 3.4 Finished goods less energy.......................|5/ 88.028 142.7 142.7 142.3 .9 -.3 .2 0 -.2 Finished consumer goods less energy..............|5/ 62.811 144.7 144.8 144.4 1.3 -.3 .1 .1 -.3 | Finished goods less foods and energy.............|5/ 64.743 145.8 145.5 145.3 1.3 -.1 .1 -.2 0 Finished consumer goods less foods and energy....|5/ 39.526 151.2 150.9 150.8 2.3 -.1 0 -.1 .1 Consumer nondurable goods less foods and energy..|5/ 23.230 165.3 165.4 165.8 4.1 .2 -.3 .1 .2 | Intermediate energy goods........................|6/ 11.941 76.0 83.8 86.2 4.0 2.9 .4 -.2 2.9 Intermediate materials less energy...............|6/ 88.059 130.6 131.5 131.9 -.5 .3 .2 .5 .3 Intermediate materials less foods and energy.....|6/ 83.184 131.9 132.9 133.4 -.1 .4 .2 .5 .4 | Crude energy materials 3/........................|8/ 33.303 60.5 76.7 79.5 12.1 3.7 11.9 3.1 3.7 Crude materials less energy......................|8/ 66.697 106.6 107.8 105.7 -7.2 -1.9 2.2 .4 -2.4 Crude nonfood materials less energy 4/...........|8/ 21.678 129.9 131.9 134.3 -6.6 1.8 2.3 .5 2.3 _______________________________________________________________________________________________________________________________ 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 March 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 | | |July 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Mar. |June |July | July | June |Apr. to| May to|June to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | May | June | July ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 131.1 132.7 132.9 1.5 0.2 0.2 -0.1 0.2 | FINISHED CONSUMER GOODS...............................| 129.4 131.6 132.0 2.0 .3 .2 .1 .3 | FINISHED CONSUMER FOODS..............................| 134.7 135.3 134.3 -.3 -.7 .5 .4 -.9 | | 01-11 | Fresh fruits and melons 2/..........................| 102.2 103.2 99.9 10.8 -3.2 12.0 -9.2 -3.2 01-13 | Fresh and dry vegetables 2/.........................| 114.4 127.7 117.3 -20.0 -8.1 -15.8 14.5 -8.1 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 89.5 70.1 75.2 -6.9 7.3 .9 -.1 7.1 02-11 | Bakery products 2/..................................| 177.4 177.7 177.8 1.3 .1 .2 -.2 .1 02-13 | Milled rice 2/......................................| 126.9 125.5 125.4 1.4 -.1 -2.1 2.1 -.1 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.5 121.9 121.9 -1.0 0 -.4 0 0 02-21-01 | Beef and veal.......................................| 102.8 110.9 107.0 7.8 -3.5 -.2 8.2 -3.4 02-21-04 | Pork................................................| 87.9 96.7 92.8 -8.4 -4.0 8.3 -5.2 -3.8 02-22-03 | Processed young chickens............................| 113.3 115.9 114.5 -14.0 -1.2 2.5 0 -4.6 02-22-06 | Processed turkeys...................................| 90.3 95.8 94.5 -2.3 -1.4 .9 5.8 -3.0 02-23 | Finfish and shellfish...............................| 200.9 188.4 189.9 6.0 .8 2.0 4.5 .8 02-3 | Dairy products......................................| 141.8 135.5 136.4 .6 .7 1.3 1.4 .4 02-4 | Processed fruits and vegetables 2/..................| 128.4 127.8 127.8 1.3 0 -.4 .2 0 02-55 | Confectionery end products 2/.......................| 169.6 170.7 170.9 1.1 .1 .8 -.1 .1 02-62 | Soft drinks.........................................| 137.2 136.7 136.6 1.5 -.1 .1 -.2 .1 02-63-01 | Roasted coffee 2/...................................| 135.7 135.5 135.5 -5.4 0 -.7 -.1 0 02-78 | Shortening and cooking oils 2/......................| 142.1 138.0 133.4 -7.2 -3.3 .1 -.2 -3.3 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 127.0 129.9 130.8 3.0 .7 0 -.2 .9 | | 02-61 | Alcoholic beverages.................................| 135.9 137.4 137.9 2.2 .4 .1 .3 .4 03-81-01 | Women's apparel 2/..................................| 123.5 122.7 122.5 .7 -.2 .7 -.6 -.2 03-81-02 | Men's and boys' apparel.............................| 133.5 133.0 132.7 -.7 -.2 .4 -.2 -.3 03-81-03 | Girls', children's, and infants' apparel 2/.........| 118.9 117.7 117.8 -3.6 .1 0 .1 .1 03-82 | Textile housefurnishings 2/.........................| 123.0 122.8 122.7 -.2 -.1 -.6 0 -.1 04-3 | Footwear............................................| 144.6 144.5 144.5 0 0 0 .2 0 05-41 | Residential electric power (Dec. 1990=100)..........| 107.2 111.4 112.2 -2.4 .7 -.5 -1.1 .3 05-51 | Residential gas (Dec. 1990=100).....................| 109.7 112.2 112.8 .2 .5 .5 .9 .4 05-71 | Gasoline............................................| 48.1 62.7 69.1 23.4 10.2 -2.7 -1.9 12.7 05-73-02-01| Fuel oil No. 2......................................| 42.9 50.8 58.2 27.9 14.6 2.5 -.2 15.2 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 331.7 333.6 336.7 .9 .9 -2.7 .2 .9 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 185.6 186.6 186.2 1.0 -.2 -.1 -.1 -.2 06-71 | Soaps and synthetic detergents 2/...................| 125.6 125.5 127.1 .6 1.3 -.2 .2 1.3 06-75 | Cosmetics and other toilet preparations 2/..........| 134.7 134.5 134.5 .7 0 .1 .4 0 07-12 | Tires, tubes, tread, etc 2/.........................| 92.3 93.6 92.1 -1.7 -1.6 -.3 .2 -1.6 09-15-01 | Sanitary papers and health products 2/..............| 145.8 144.9 146.9 .9 1.4 -.3 1.3 1.4 09-31-01 | Newspaper circulation 2/............................| 207.3 207.4 207.4 2.3 0 0 0 0 09-32-01 | Periodical circulation..............................| 196.1 197.1 197.1 1.8 0 .9 0 .2 09-33 | Book publishing 2/..................................| 213.4 211.7 212.0 3.7 .1 0 -.1 .1 12-1 | Household furniture 2/..............................| 150.1 150.2 150.4 1.3 .1 .1 -.1 .1 12-3 | Floor coverings 2/..................................| 127.4 127.8 127.3 -.8 -.4 -.2 .7 -.4 12-4 | Household appliances ...............................| 108.4 108.6 108.7 -.5 .1 -.3 .1 .1 12-5 | Home electronic equipment 2/........................| 74.2 74.0 74.0 -3.6 0 -.1 0 0 12-62 | Household glassware 2/..............................| 162.9 164.4 164.2 .7 -.1 -.1 .1 -.1 12-64 | Household flatware 2/...............................| 140.0 140.0 139.3 .7 -.5 0 0 -.5 12-66 | Lawn and garden equip., ex. tractors 2/.............| 132.3 131.8 131.8 .3 0 .2 -.3 0 14-11-01 | Passenger cars......................................| 131.3 128.7 127.4 -2.1 -1.0 .7 -1.3 -.2 15-11 | Toys, games, and children's vehicles................| 124.0 123.9 123.8 -.4 -.1 -.2 .2 -.1 15-12 | Sporting and athletic goods 2/......................| 126.2 126.3 126.0 -.2 -.2 .2 0 -.2 15-2 | Tobacco products 2/.................................| 363.5 363.6 363.5 30.4 0 .1 0 0 15-5 | Mobile homes 2/.....................................| 156.5 158.0 159.1 3.1 .7 .4 -.1 .7 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 127.9 127.3 127.0 -.7 -.2 -.2 -.2 -.2 15-94-04 | Costume jewelry and novelties 2/....................| 140.1 139.9 140.1 .2 .1 -.2 .1 .1 | | | CAPITAL EQUIPMENT.....................................| 137.7 137.4 137.0 -.1 -.3 .2 -.3 -.1 | | 11-1 | Agricultural machinery and equipment 2/.............| 151.2 151.0 151.2 .8 .1 -.1 .1 .1 11-2 | Construction machinery and equipment................| 146.6 147.3 147.3 1.4 0 .1 -.1 .2 11-37 | Metal cutting machine tools 2/......................| 160.4 160.4 160.4 .4 0 .1 -.1 0 11-38 | Metal forming machine tools 2/......................| 159.4 159.8 159.7 1.0 -.1 .1 0 -.1 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 139.1 139.5 140.1 1.0 .4 0 .1 .4 11-41 | Pumps, compressors, and equipment...................| 151.7 151.7 152.0 1.9 .2 .1 .1 .3 11-44 | Industrial material handling equipment 2/...........| 132.9 133.0 133.0 1.1 0 0 .3 0 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 93.9 87.2 86.3 -23.3 -1.0 -2.2 -1.4 -1.0 11-62 | Textile machinery 2/................................| 154.1 154.1 154.1 1.1 0 -.1 -.1 0 11-64 | Paper industries machinery (June 1982=100)..........| 162.2 162.7 162.8 1.7 .1 .2 .2 .1 11-65 | Printing trades machinery 2/........................| 140.7 141.6 141.4 -1.2 -.1 .2 .4 -.1 11-74 | Transformers and power regulators 2/................| 130.8 130.7 130.9 0 .2 .2 0 .2 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 114.1 113.1 113.0 -.6 -.1 0 -.9 -.1 11-79-05 | X-ray and electromedical equipment 2/...............| 106.3 105.6 106.1 -.4 .5 .2 -.4 .5 11-91 | Oil field and gas field machinery ..................| 126.4 126.5 126.6 .8 .1 .2 .1 0 11-92 | Mining machinery and equipment 2/...................| 143.7 144.9 145.3 2.3 .3 .2 .5 .3 11-93 | Office and store machines and equipment 2/..........| 111.9 112.3 112.3 -.1 0 0 0 0 12-2 | Commercial furniture 2/.............................| 155.9 156.7 156.8 1.0 .1 .3 .1 .1 14-11-05 | Light motor trucks..................................| 157.8 156.9 155.0 2.0 -1.2 .8 -.7 -.4 14-11-06 | Heavy motor trucks 2/...............................| 145.8 147.1 147.3 3.7 .1 .7 0 .1 14-14 | Truck trailers 2/...................................| 135.3 135.9 136.2 .4 .2 0 0 .2 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 150.9 151.4 151.2 .7 -.1 .3 -.1 -.1 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 145.8 0 0 .5 -.5 0 14-4 | Railroad equipment..................................| 134.6 136.2 135.9 .5 -.2 .1 1.4 -.1 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 120.7 122.9 123.6 .1 .6 .2 .4 .6 | | | INTERMEDIATE FOODS AND FEEDS..........................| 111.0 110.3 109.0 -6.4 -1.2 .5 .7 -1.4 | | 02-12-03 | Flour 2/............................................| 107.5 105.3 103.2 -4.4 -2.0 1.7 .6 -2.0 02-53 | Refined sugar 2/....................................| 122.1 122.7 122.9 3.6 .2 .8 -.7 .2 02-54 | Confectionery materials.............................| 93.5 94.0 92.8 -.9 -1.3 -1.2 .4 -2.0 02-72 | Crude vegetable oils 2/.............................| 94.9 86.8 77.7 -40.6 -10.5 -3.2 -8.5 -10.5 02-9 | Prepared animal feeds 2/............................| 97.0 97.5 96.7 -11.3 -.8 -.1 .2 -.8 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 121.2 123.6 124.4 .4 .6 .2 .4 .6 | | 03-1 | Synthetic fibers 2/.................................| 104.7 104.8 102.9 -7.1 -1.8 .1 .3 -1.8 03-2 | Processed yarns and threads 2/......................| 108.9 108.4 108.1 -4.3 -.3 -.3 0 -.3 03-3 | Gray fabrics 2/.....................................| 117.6 114.3 113.8 -6.4 -.4 -.4 -1.0 -.4 03-4 | Finished fabrics....................................| 123.0 122.7 122.5 -1.2 -.2 -.4 .5 -.2 03-83-03 | Industrial textile products 2/......................| 128.9 129.3 129.7 -.5 .3 0 .3 .3 04-2 | Leather.............................................| 175.5 174.9 174.9 -2.7 0 -.8 1.1 -.1 05-32 | Liquefied petroleum gas 2/..........................| 49.8 70.9 70.1 25.9 -1.1 19.6 11.7 -1.1 ____________________________________________________________________________________________________________________________________ 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 | | |July 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Mar. |June |July | July | June |Apr. to| May to|June to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | May | June | July ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 124.7 132.3 133.0 -3.3 0.5 -0.1 -2.1 -0.2 05-43 | Industrial electric power...........................| 125.5 130.5 131.3 -2.6 .6 -.3 -1.6 .1 05-52 | Commercial natural gas (Dec. 1990=100)..............| 105.1 103.0 104.2 .4 1.2 2.3 1.2 .7 05-53 | Industrial natural gas (Dec. 1990=100)..............| 99.0 97.1 101.1 .4 4.1 4.4 1.0 4.4 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 75.3 80.3 79.3 5.6 -1.2 8.9 6.4 -.9 05-72-03 | Jet fuels...........................................| 38.0 48.0 51.0 18.9 6.3 -3.3 -.2 6.9 05-73-03 | No. 2 Diesel fuel...................................| 43.2 53.8 60.8 36.0 13.0 -2.3 9.3 15.4 05-74 | Residual fuel 2/....................................| 33.9 52.0 52.3 9.6 .6 16.1 10.9 .6 06-1 | Industrial chemicals 2/.............................| 116.4 118.7 118.4 -2.2 -.3 -.3 1.9 -.3 06-21 | Prepared paint......................................| 157.0 157.5 157.4 1.4 -.1 .3 .1 .1 06-22 | Paint materials 2/..................................| 144.2 145.5 143.6 -.7 -1.3 1.9 -1.1 -1.3 06-31 | Medicinal and botanical chemicals ..................| 138.8 144.1 144.3 6.7 .1 -.3 4.1 .2 06-4 | Fats and oils, inedible 2/..........................| 77.4 79.5 79.7 -30.5 .3 -3.5 .9 .3 06-51 | Mixed fertilizers...................................| 114.7 114.3 114.1 -.9 -.2 .2 .1 .4 06-52-01 | Nitrogenates........................................| 96.6 93.2 90.2 -18.5 -3.2 -2.5 -.8 -.8 06-52-02 | Phosphates 2/.......................................| 114.2 113.9 113.3 .4 -.5 -1.0 .2 -.5 06-53 | Other agricultural chemicals........................| 144.9 144.5 143.6 -3.3 -.6 -3.6 2.9 -.5 06-6 | Plastic resins and materials 2/.....................| 117.3 122.3 124.6 -.3 1.9 .8 1.7 1.9 07-11-02 | Synthetic rubber 2/.................................| 113.9 113.5 113.0 -3.7 -.4 -1.5 -.2 -.4 07-21 | Plastic construction products ......................| 124.5 126.6 128.9 2.6 1.8 .1 1.0 1.6 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 125.7 126.8 126.4 -.9 -.3 -.3 1.3 -.3 07-26 | Plastic parts and components for manufacturing 2/...| 117.2 117.6 117.7 .6 .1 -.1 0 .1 08-11 | Softwood lumber 2/..................................| 193.4 206.0 218.2 20.2 5.9 2.1 4.5 5.9 08-12 | Hardwood lumber ....................................| 175.9 176.7 176.1 -1.8 -.3 .3 -.1 -.2 08-2 | Millwork 2/.........................................| 172.3 175.6 176.5 3.3 .5 .3 1.0 .5 08-3 | Plywood 2/..........................................| 173.0 195.5 207.7 30.5 6.2 5.1 9.7 6.2 09-11 | Woodpulp 2/.........................................| 113.8 117.1 118.3 -6.2 1.0 3.1 2.9 1.0 09-13 | Paper...............................................| 139.9 140.0 141.1 -3.0 .8 .2 -.1 .6 09-14 | Paperboard..........................................| 146.4 149.3 155.0 1.8 3.8 .6 .7 3.5 09-15-03 | Paper boxes and containers 2/.......................| 151.3 157.4 157.3 1.0 -.1 1.0 1.0 -.1 09-2 | Building paper and board 2/.........................| 137.8 145.6 149.6 9.8 2.7 2.5 2.8 2.7 09-37 | Commercial printing (June 1982=100) 2/..............| 152.3 152.1 152.1 -.1 0 -.2 .1 0 10-15 | Foundry and forge shop products.....................| 135.2 135.4 135.3 .3 -.1 -.1 .3 0 10-17 | Steel mill products 2/..............................| 105.4 105.3 104.8 -8.7 -.5 -.9 1.1 -.5 10-22 | Primary nonferrous metals 2/........................| 92.9 97.7 102.3 -2.2 4.7 6.2 -2.1 4.7 10-25-01 | Aluminum mill shapes 2/.............................| 134.4 136.8 137.5 -1.2 .5 1.3 1.0 .5 10-25-02 | Copper and brass mill shapes 2/.....................| 142.9 147.7 155.2 4.2 5.1 3.8 -1.5 5.1 10-26 | Nonferrous wire and cable 2/........................| 133.3 133.0 134.1 -5.4 .8 1.2 -1.2 .8 10-3 | Metal containers 2/.................................| 107.0 106.0 106.0 -2.3 0 -.8 -.1 0 10-4 | Hardware............................................| 147.4 149.2 149.2 1.3 0 .2 .7 .1 10-5 | Plumbing fixtures and brass fittings................| 176.2 176.9 177.7 1.3 .5 0 .5 .7 10-6 | Heating equipment...................................| 153.6 153.9 154.2 .7 .2 0 .4 .1 10-7 | Fabricated structural metal products................| 142.8 142.9 143.2 .1 .2 -.2 0 .2 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.9 130.7 130.6 .2 -.1 0 0 -.1 10-89 | Other misc. metal products 2/.......................| 125.4 125.6 125.5 -.6 -.1 -.1 .2 -.1 11-45 | Mechanical power transmission equipment.............| 160.3 161.6 161.6 2.5 0 .2 .5 .1 11-48 | Air conditioning and refrigeration equipment........| 135.6 135.9 135.7 .4 -.1 .2 -.3 -.3 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.2 159.7 160.2 2.3 .3 -.6 .1 .3 11-49-05 | Ball and roller bearings............................| 166.5 167.0 166.9 1.0 -.1 .2 .1 -.1 11-71 | Wiring devices......................................| 151.7 152.6 153.0 -1.0 .3 .3 .3 .3 11-73 | Motors, generators, motor generator sets............| 146.4 146.4 146.4 .5 0 .1 .1 .1 11-75 | Switchgear, switchboard, etc., equipment............| 150.1 150.6 151.1 1.9 .3 -.1 .5 .5 11-78 | Electronic components and accessories 2/............| 98.6 98.0 98.1 -1.6 .1 -.1 -.6 .1 11-94 | Internal combustion engines.........................| 142.8 143.0 143.3 1.6 .2 .1 .1 0 11-95 | Machine shop products 2/............................| 136.8 136.8 136.6 -.1 -.1 0 0 -.1 13-11 | Flat glass 2/.......................................| 105.8 106.7 106.9 -.9 .2 .4 .5 .2 13-22 | Cement..............................................| 149.4 151.6 151.4 2.6 -.1 .7 -.2 0 13-3 | Concrete products...................................| 142.8 143.5 143.8 1.8 .2 -.1 0 0 13-6 | Asphalt felts and coatings 2/.......................| 98.4 98.6 98.7 -1.0 .1 -.9 0 .1 13-7 | Gypsum products 2/..................................| 198.1 205.8 205.5 14.7 -.1 .6 4.7 -.1 13-8 | Glass containers 2/.................................| 125.9 126.3 126.4 .7 .1 -.2 .2 .1 14-12 | Motor vehicle parts 2/..............................| 114.1 113.5 113.5 -1.1 0 -.1 0 0 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 139.3 137.8 137.5 .7 -.2 -1.3 -.1 .2 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 143.7 142.8 142.8 .1 0 -.1 .2 0 15-42 | Photographic supplies 2/............................| 128.2 128.2 128.6 -.3 .3 2.5 0 .3 15-6 | Medical/surgical/personal aid devices...............| 144.4 143.9 143.7 .3 -.1 .1 -.5 -.1 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 89.0 97.2 97.4 -.7 .2 5.5 1.4 -.2 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 98.8 99.6 95.9 -7.5 -3.7 2.2 .4 -4.8 | | 01-21 | Wheat 2/............................................| 79.6 79.7 74.3 -11.4 -6.8 .3 1.1 -6.8 01-22-02-05| Corn................................................| 84.7 81.7 67.3 -25.1 -17.6 .4 -4.6 -16.7 01-31 | Slaughter cattle 2/.................................| 97.4 99.1 96.7 7.9 -2.4 -.9 3.8 -2.4 01-32 | Slaughter hogs......................................| 44.8 57.5 51.3 -10.3 -10.8 13.2 -4.8 -13.3 01-41-02 | Slaughter broilers/fryers...........................| 132.1 141.0 142.7 -17.1 1.2 10.0 -4.2 -7.9 01-42 | Slaughter turkeys...................................| 103.9 123.6 126.9 15.8 2.7 6.2 2.6 -.2 01-6 | Fluid milk..........................................| 110.1 98.1 101.9 -3.8 3.9 -.2 3.9 3.5 01-83-01-31| Soybeans 2/.........................................| 78.5 79.1 70.5 -35.7 -10.9 -1.5 -.6 -10.9 02-52-01-01| Cane sugar,raw 2/...................................| 118.1 119.5 120.6 .8 .9 -1.1 1.0 .9 | | | CRUDE NONFOOD MATERIALS..............................| 79.1 92.1 94.9 4.7 3.0 8.3 2.1 3.2 | | 01-51-01-01| Raw cotton..........................................| 97.4 90.3 80.0 -34.3 -11.4 2.5 -7.7 -10.3 01-92-01-01| Leaf tobacco 2/.....................................| 115.5 (3) 95.8 0 (3) (3) (3) (3) 04-11 | Cattle hides 2/.....................................| 132.8 136.8 136.5 -15.0 -.2 3.1 -.7 -.2 05-1 | Coal 2/.............................................| 93.6 93.0 89.0 -5.6 -4.3 2.0 -1.7 -4.3 05-31 | Natural gas 2/......................................| 67.0 87.6 90.4 1.6 3.2 17.2 5.3 3.2 05-61 | Crude petroleum 2/..................................| 33.3 48.8 53.7 49.6 10.0 11.3 3.4 10.0 08-5 | Logs, timber, etc...................................| 200.4 200.5 201.1 -1.5 .3 -.1 1.5 1.3 09-12 | Wastepaper 2/.......................................| 142.2 169.0 206.8 41.0 22.4 -.2 18.8 22.4 10-11 | Iron ore 2/.........................................| 95.2 94.8 94.8 -.7 0 0 -.1 0 10-12 | Iron and steel scrap 2/.............................| 125.4 137.5 137.0 -22.0 -.4 8.4 1.9 -.4 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 60.4 58.6 60.2 -12.2 2.7 5.4 -7.0 2.7 10-23-01 | Copper base scrap 2/................................| 99.9 102.6 116.7 2.4 13.7 3.8 -3.4 13.7 10-23-02 | Aluminum base scrap.................................| 145.7 160.1 166.4 10.6 3.9 7.8 2.8 7.0 13-21 | Construction sand, gravel, and crushed stone........| 156.0 157.5 157.7 2.7 .1 .3 .3 .1 ____________________________________________________________________________________________________________________________________ 1/ The indexes for March 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 |March 1999 | June 1999 | July 1999 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 367.9 | 372.3 | 372.8 | | All commodities................................| 122.6 | 125.1 | 125.5 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 120.3 | 120.6 | 118.7 | 01 | Farm products................................| 99.2 | 99.2 | 95.0 | 02 | Processed foods and feeds....................| 130.8 | 131.1 | 130.4 | | | | | | | Industrial commodities.........................| 123.1 | 126.0 | 126.8 | 03 | Textile products and apparel.................| 121.5 | 120.9 | 120.6 | 04 | Hides, skins, leather, and related products..| 144.5 | 144.8 | 144.9 | 05 | Fuels and related products and power 2/......| 70.0 | 79.6 | 82.2 | 06 | Chemicals and allied products 2/.............| 141.9 | 143.6 | 143.9 | 07 | Rubber and plastic products..................| 121.6 | 122.2 | 122.4 | 08 | Lumber and wood products.....................| 181.6 | 187.8 | 192.1 | 09 | Pulp, paper, and allied products.............| 171.6 | 173.2 | 174.6 | 10 | Metals and metal products....................| 122.9 | 123.8 | 124.4 | 11 | Machinery and equipment......................| 124.6 | 124.3 | 124.3 | 12 | Furniture and household durables.............| 131.4 | 131.8 | 131.8 | 13 | Nonmetallic mineral products.................| 137.8 | 138.7 | 138.9 | 14 | Transportation equipment.....................| 141.8 | 140.9 | 140.3 | 15 | Miscellaneous products.......................| 165.4 | 165.6 | 165.1 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 138.6 | 139.1 | 139.3 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 115.8 | 121.6 | 115.6 | 01-2 | Grains.........................................| 84.9 | 82.2 | 71.7 | 01-3 | Slaughter livestock............................| 83.6 | 88.6 | 85.0 | 01-4 | Slaughter poultry..............................| 124.8 | 135.6 | 137.6 | 01-5 | Plant and animal fibers........................| 96.3 | 89.6 | 79.4 | 01-7 | Chicken eggs...................................| 104.9 | 80.8 | 80.7 | 01-8 | Hay, hayseeds, and oilseeds....................| 102.2 | 103.2 | 94.4 | 01-83 | Oilseeds.......................................| 91.3 | 91.5 | 82.2 | 01-9 | Other farm products............................| 172.3 | 'N.A.' | 142.9 | 02-1 | Cereal and bakery products.....................| 157.6 | 157.9 | 157.5 | 02-2 | Meats, poultry, and fish.......................| 112.0 | 116.3 | 114.0 | 02-22 | Processed poultry..............................| 113.6 | 115.3 | 114.7 | 02-5 | Sugar and confectionery........................| 135.2 | 136.0 | 136.0 | 02-6 | Beverages and beverage materials...............| 137.9 | 138.4 | 138.6 | 02-63 | Packaged beverage materials....................| 133.6 | 133.4 | 133.4 | 02-7 | Fats and oils..................................| 124.7 | 119.1 | 114.3 | 03-81 | Apparel........................................| 127.1 | 126.5 | 126.4 | 04-4 | Other leather and related products.............| 145.1 | 144.6 | 145.2 | 05-3 | Gas fuels 2/...................................| 61.7 | 82.1 | 83.9 | 05-4 | Electric power.................................| 125.2 | 131.0 | 131.7 | 05-7 | Refined petroleum products.....................| 46.3 | 58.3 | 63.9 | 06-3 | Drugs and pharmaceuticals......................| 249.0 | 251.3 | 252.8 | 06-5 | Agricultural chemicals and products............| 125.0 | 124.0 | 122.8 | 06-7 | Other chemicals and allied products............| 135.0 | 135.1 | 135.3 | 07-1 | Rubber and rubber products.....................| 113.9 | 114.4 | 113.7 | 07-11 | Rubber, except natural rubber..................| 113.4 | 112.9 | 112.4 | 07-13 | Miscellaneous rubber products..................| 138.2 | 138.2 | 138.2 | 07-2 | Plastic products...............................| 128.5 | 129.1 | 129.6 | 08-1 | Lumber.........................................| 186.0 | 195.0 | 203.3 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 143.5 | 146.3 | 148.6 | 09-15 | Converted paper and paperboard products........| 150.3 | 153.4 | 154.0 | 10-1 | Iron and steel.................................| 112.9 | 113.9 | 113.5 | 10-2 | Nonferrous metals..............................| 114.2 | 116.3 | 118.7 | 10-25 | Nonferrous mill shapes.........................| 129.3 | 131.3 | 133.0 | 11-3 | Metalworking machinery and equipment...........| 147.7 | 148.1 | 148.3 | 11-4 | General purpose machinery and equipment........| 149.0 | 149.4 | 149.5 | 11-6 | Special industry machinery.....................| 161.0 | 161.4 | 161.5 | 11-7 | Electrical machinery and equipment.............| 120.5 | 119.8 | 120.0 | 11-9 | Miscellaneous machinery and equipment..........| 133.0 | 133.2 | 133.2 | 12-6 | Other household durable goods..................| 152.1 | 152.5 | 152.7 | 13-2 | Concrete ingredients...........................| 151.0 | 152.7 | 152.7 | 14-1 | Motor vehicles and equipment...................| 131.7 | 130.5 | 129.7 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.5 | 132.5 | 132.5 | 15-4 | Photographic equipment and supplies............| 112.2 | 113.6 | 110.7 | 15-9 | Other miscellaneous products...................| 135.1 | 135.4 | 135.3 | __________________________________________________________|___________|___________|___________| 1/ Data for March 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_July_1999_from: code | |base | | | | | | | |Mar. |June |July | July | June | | |1999 2/|1999 2/|1999 2/| 1998 | 1999 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 63.4 76.2 78.4 8.4 2.9 10 | Metal mining................................ |12/84| 68.3 66.6 67.8 -9.2 1.8 12 | Coal mining................................. |12/85| 89.3 88.9 86.2 -4.1 -3.0 13 | Oil and gas extraction...................... |12/85| 58.6 76.1 79.4 13.3 4.3 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 133.6 134.4 134.4 1.4 0 | | | |Total manufacturing industries............... |12/84| 126.3 127.8 128.2 1.6 .3 20 | Food and kindred products................... |12/84| 125.6 126.3 125.7 -.7 -.5 21 | Tobacco manufactures........................ |12/84| 315.8 316.2 316.1 32.9 0 22 | Textile mill products....................... |12/84| 117.0 116.3 116.0 -2.3 -.3 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.2 125.0 124.9 0 -.1 24 | Lumber and wood products, except furniture.. |12/84| 160.1 165.1 168.4 7.3 2.0 25 | Furniture and fixtures...................... |12/84| 140.6 141.1 141.3 1.2 .1 26 | Paper and allied products................... |12/84| 133.3 135.5 136.6 -.1 .8 27 | Printing, publishing, and allied industries. |12/84| 177.0 177.2 177.4 2.1 .1 28 | Chemicals and allied products............... |12/84| 147.5 148.8 149.2 -.2 .3 29 | Petroleum refining and related products..... |12/84| 59.9 73.8 79.9 19.3 8.3 30 | Rubber and miscellaneous plastic products... |12/84| 121.3 121.8 122.1 .2 .2 31 | Leather and leather products................ |12/84| 136.1 135.8 136.0 -.9 .1 32 | Stone, clay, glass, and concrete products... |12/84| 131.7 132.5 132.7 2.2 .2 33 | Primary metal industries.................... |12/84| 114.8 115.2 115.5 -4.5 .3 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 128.7 128.9 129.1 .2 .2 35 | Machinery, except electrical................ |12/84| 117.4 117.5 117.2 -.4 -.3 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.8 109.6 109.5 -.8 -.1 37 | Transportation equipment.................... |12/84| 134.4 133.6 133.0 .2 -.4 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 126.4 126.1 125.3 -.4 -.6 39 | Miscellaneous manufacturing industries...... |12/85| 130.4 130.4 130.4 .5 0 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 100.9 101.0 101.1 -.6 .1 42 | Motor freight transportation and warehousing |06/93| 114.1 114.8 114.8 2.6 0 43 | United states postal service................ |06/89| 135.4 135.2 135.2 2.2 0 44 | Water transportation........................ |12/92| 105.8 117.2 115.5 7.0 -1.5 45 | Transportation by air....................... |12/92| 128.9 131.0 130.8 5.3 -.2 46 | Pipe lines, except natural gas.............. |12/86| 98.2 99.0 98.8 -.4 -.2 80 | Health services............................. |12/94| 109.4 109.6 109.7 1.8 .1 81 | Legal services.............................. |12/96| 108.2 108.8 108.8 2.4 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 March 1999 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. 3/ Not available. Table 5. Producer price indexes by stage of processing, seasonally adjusted (1982=100) ____________________________________________________________________________________________________________ | | Index 1/ |____________________________________________________ Grouping | | | | | | | Feb. | Mar. | Apr. | May | June | July | 1999 | 1999 | 1999 | 1999 | 1999 | 1999 _______________________________________________________|________|________|________|________|________|_______ Finished goods...................................| 131.1 131.5 132.2 132.4 132.3 132.6 Finished consumer goods........................| 129.5 130.0 130.9 131.1 131.2 131.6 Finished consumer foods......................| 134.8 135.2 134.0 134.7 135.3 134.1 Crude......................................| 126.4 132.7 129.7 128.2 126.5 120.4 Processed..................................| 135.5 135.4 134.3 135.2 136.0 135.2 Finished consumer goods, excluding foods.....| 127.1 127.6 129.4 129.4 129.2 130.3 Nondurable goods less foods................| 123.1 123.9 126.4 126.2 126.2 127.9 Durable goods..............................| 132.9 132.6 132.7 133.1 132.6 132.5 Capital equipment..............................| 137.7 137.5 137.6 137.9 137.5 137.3 Manufacturing industries.....................| 138.4 138.4 138.4 138.5 138.4 138.5 Nonmanufacturing industries..................| 137.4 137.1 137.2 137.6 137.1 136.8 | Intermediate materials, supplies, and components.| 120.7 121.1 121.9 122.1 122.6 123.3 Materials and components for manufacturing.....| 123.5 123.4 123.3 123.6 124.2 124.5 Materials for food manufacturing.............| 122.7 121.9 118.6 119.4 120.4 118.6 Materials for nondurable manufacturing.......| 122.4 122.5 122.9 123.1 124.2 124.7 Materials for durable manufacturing..........| 123.1 123.1 123.1 124.1 125.0 126.0 Components for manufacturing.................| 125.7 125.6 125.7 125.6 125.6 125.6 Materials and components for construction......| 147.4 147.8 147.9 148.1 149.3 150.4 Processed fuels and lubricants.................| 76.6 78.3 82.3 82.6 82.3 84.8 Manufacturing industries ....................| 81.9 83.1 85.5 86.2 86.0 87.6 Nonmanufacturing industries..................| 73.3 75.4 80.3 80.2 80.0 82.9 Containers.....................................| 137.9 138.5 140.3 141.2 142.2 142.2 Supplies.......................................| 133.7 133.6 133.9 133.7 133.9 134.1 Manufacturing industries.....................| 140.1 140.2 140.5 140.4 140.4 140.6 Nonmanufacturing industries..................| 131.0 130.8 131.1 130.9 131.2 131.3 Feeds......................................| 90.9 87.6 88.1 88.0 88.2 87.4 Other supplies.............................| 135.8 136.0 136.2 136.0 136.3 136.5 | Crude materials for further processing...........| 88.8 89.1 90.7 95.7 97.0 96.8 Foodstuffs and feedstuffs......................| 99.9 99.2 96.7 98.8 99.2 94.4 Nonfood materials..............................| 78.0 78.9 83.2 90.1 92.0 94.9 Nonfood materials except fuel 2/.............| 73.4 77.5 82.9 87.3 88.5 93.0 Manufacturing 2/...........................| 66.3 70.2 75.3 79.4 80.6 84.8 Construction...............................| 189.4 189.9 190.8 192.1 195.3 196.3 Crude fuel 3/................................| 78.1 74.6 77.1 86.7 89.4 90.0 Manufacturing industries...................| 75.9 72.3 75.5 84.3 87.4 89.3 Nonmanufacturing industries................| 79.7 76.2 78.7 88.5 91.2 91.6 | Special groupings | | Finished goods, excluding foods..................| 130.0 130.3 131.5 131.6 131.4 132.1 Intermediate materials less foods and feeds......| 121.2 121.6 122.6 122.8 123.3 124.1 Intermediate foods and feeds.....................| 112.9 111.3 109.2 109.7 110.5 109.0 Crude materials less agricultural products 2/....| 77.0 77.9 82.8 89.9 92.1 95.3 | Finished energy goods............................| 71.7 72.9 76.8 76.8 76.6 79.2 Finished goods less energy.......................| 142.7 142.6 142.5 142.8 142.8 142.5 Finished consumer goods less energy..............| 144.6 144.8 144.5 144.7 144.9 144.5 | Finished goods less foods and energy.............| 145.7 145.6 145.8 145.9 145.6 145.6 Finished consumer goods less foods and energy....| 151.0 150.9 151.2 151.2 151.0 151.2 Consumer nondurable goods less foods and energy..| 165.0 165.2 165.7 165.2 165.4 165.8 | Intermediate energy goods........................| 76.4 78.1 82.0 82.3 82.1 84.5 Intermediate materials less energy...............| 130.6 130.6 130.7 130.9 131.5 131.9 Intermediate materials less foods and energy.....| 131.8 131.9 132.1 132.3 132.9 133.4 | Crude energy materials 2/........................| 58.8 60.5 66.5 74.4 76.7 79.5 Crude materials less energy......................| 107.6 106.7 104.6 106.9 107.3 104.7 Crude nonfood materials less energy 3/...........| 130.6 129.2 127.9 130.9 131.5 134.5 _____________________________________________________________________________________________________________ 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 March 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.