FOR DATA ONLY: (202) 606-7828 USDL 99-295 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 OCTOBER 15, 1999 Producer Price Indexes -- September 1999 The Producer Price Index for Finished Goods increased 1.1 percent in September, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.5-percent advance in August and a 0.2-percent gain in July and represents the largest one-month increase since September 1990, when prices for finished goods rose 1.3 percent. Prices received by producers of intermediate goods gained 0.3 percent, following a 0.8-percent increase in the prior month. The crude goods index moved up 5.1 percent, after rising 4.6 percent in August. (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 Sept. 0.2 0.2 -0.4 0.3 -0.9 -0.3 -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. .3 .3 1.7 -.1 .8 .3 .3 Apr. .5 -.7 5.5 .1 1.2 .7 2.5 May .2 r.4 r.3 .1 1.4 r.3 r6.1 June -.1 .4 r-.6 r-.1 1.5 r.2 r.1 July .2 -.9 3.4 0 1.5 .6 -.2 Aug. .5 .4 3.7 -.1 2.3 .8 4.6 Sept. 1.1 1.0 2.2 .8 3.2 .3 5.1 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for May 1999 have been revised to reflect the availability of late reports and corrections by respondents. -2- Among finished goods, the index for finished goods other than foods and energy advanced 0.8 percent, after posting a 0.1-percent decline a month earlier. This acceleration was primarily due to price increases for cigarettes and passenger cars. (Excluding these two commodities, the index for finished goods less foods and energy would have increased 0.1 percent in September.) Prices for finished consumer foods rose 1.0 percent, following a 0.4-percent gain in August. By contrast, the index for finished energy goods advanced 2.2 percent, after rising 3.7 percent last month. During the third quarter of 1999, the PPI for finished goods moved up at a 7.5-percent seasonally adjusted annual rate (SAAR), after increasing at a 2.5-percent rate in the second quarter. Prices for finished energy goods rose at a 43.9-percent SAAR from June to September, following a 21.9- percent rate of advance from March to June. The index for finished goods other than foods and energy moved up at a 2.8-percent SAAR during the third quarter, after showing no change in the second quarter. Finished consumer foods prices advanced at a 2.1-percent SAAR from June to September, following a 0.3-percent rate of increase from March to June. During the third quarter of 1999, the PPI for intermediate goods rose at a 7.0-percent SAAR, after increasing at a 5.0-percent rate during the second quarter of this year. Prices for crude goods advanced at a 45.3-percent SAAR from June to September, following a 40.5-percent rate of increase from March to 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 crude goods ing from Excluding from foods 12 months foods 12 months and ago Energy and ago Month Foods Energy energy (unadj.) Foods (unadj.) energy (unadj.) 1998 Sept. -0.9 -0.5 -0.3 -2.5 -0.9 -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. -1.4 2.2 .1 -2.1 -.7 2.9 -1.1 -10.5 Apr. -1.5 5.1 .2 -1.4 -2.9 12.6 -.9 -9.2 May r.3 r.5 r.3 -1.1 r2.5 r13.2 r2.1 r-3.1 June r.5 r-.5 r.3 -.5 r.5 r-.5 .5 -.4 July -1.4 2.9 .4 .1 -4.8 3.7 2.3 -.7 Aug. 1.1 3.8 .2 1.2 3.8 7.2 1.8 8.3 Sept. 1.3 1.8 .1 1.9 1.3 10.4 2.2 16.1 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for May 1999 have been revised to reflect the availability of late reports and corrections by respondents. -3- Before seasonal adjustment, the Producer Price Index for Finished Goods gained 0.8 percent in September to stand at 134.8 (1982=100). From September 1998 to September 1999, the finished goods index advanced 3.2 percent. Over the past 12 months, prices for finished energy goods increased 13.9 percent, the index for finished goods other than foods and energy moved up 1.7 percent, and prices for finished consumer foods rose 1.2 percent. Prices received by producers of intermediate goods increased 1.9 percent for the 12 months ended in September, and the index for crude materials advanced 16.1 percent during the same period. Finished goods The index for finished consumer goods other than foods and energy advanced 1.1 percent in September, after posting a 0.1-percent decline in August. Cigarette prices moved up 9.5 percent, following a 0.1-percent advance a month ago. The passenger car index increased 2.0 percent in September, after edging down 0.1-percent in the previous month. Light motor truck prices rose 0.8 percent, following a 0.4-percent decline in the prior month. Prices for sanitary papers and health products; wines, brandy, and brandy spirits; and women's apparel also turned up, after falling a month earlier. On the other hand, the index for cosmetics and other toilet preparations declined 0.4 percent in September, following a 0.1-percent gain in August. Prices for passenger car radial tires showed no change, after advancing last month. The index for toys, games, and childen's vehicles fell, after showing no change in the prior month. Prices for finished consumer goods other than foods and energy rose at a 4.3-percent SAAR for the three months ended in September, following a 0.3- percent rate of increase in the previous quarter. The finished consumer foods index increased 1.0 percent in September, after registering a 0.4-percent gain in August. Prices for fresh and dry vegetables advanced 8.4 percent, following a 5.3-percent drop a month earlier. The indexes for fresh fruits and melons, processed young chickens, beef and veal, and for finfish and shellfish also turned up, after falling in the previous month. Prices for dairy products and pork rose more than a month ago. By contrast, the index for eggs for fresh use declined 12.8 percent in September, following a 2.8-percent gain in August. Prices for soft drinks showed no change, after posting an increase the last month. The roasted coffee index fell more than in the prior month. The index for capital equipment advanced 0.2 percent in September, after showing no change in August. Prices for light motor trucks increased 0.8 percent, following a 0.4-percent decrease a month earlier. Heavy motor truck prices also turned up, after falling last month. The index for electronic computers fell less than a month ago, while prices for civilian aircraft and for construction machinery and equipment rose more than in the previous month. The truck trailers index rose, after showing no change in August. Conversely, prices for communication and related equipment declined 0.3 percent, after showing no change in the prior month. The index for x-ray and electromedical equipment fell more than in August. Capital equipment prices rose at a 0.3-percent SAAR from June to September, after showing no change from March to June. Prices for finished energy goods increased 2.2 percent in September, following a 3.7-percent rise in August. The gasoline index advanced 2.2 percent, after registering a 9.1-percent gain a month earlier. Residential electric power prices also rose less than a month ago. By contrast, the residential natural gas index moved up 2.5 percent, following 1.1-percent increase in the previous month. Prices for liquefied petroleum gas and home heating oil rose more than last month. The finished lubricants index fell less than in August. -4- Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components increased 0.3 percent in September, seasonally adjusted, following a 0.8-percent advance in August. Prices for intermediate energy goods rose less than in August. The index for durable manufacturing materials turned down, following an increase a month ago. Prices for materials and components for construction fell more than in the previous month. The index for materials for nondurable manufacturing rose less than last month. Conversely, prices for intermediate foods and feeds increased more than in August. Prices for intermediate materials other than foods and energy posted a 0.1-percent increase, following a 0.2-percent rise in the prior month. (See table B.) The index for intermediate energy materials increased 1.8 percent in September, following a 3.8-percent rise in August. Prices for commercial electric power increased 0.1 percent, following a 2.2-percent gain in the previous month. The indexes for gasoline and jet fuels rose less than last month. Industrial electric power prices showed no change, after advancing in August. The diesel fuel index turned down, following an increase last month. By contrast, prices for residual fuels jumped 20.5 percent, after a 7.5-percent advance in the prior month. The indexes for commercial natural gas and industrial natural gas rose more than in the previous month. Prices for intermediate energy materials advanced at a 40.0-percent SAAR from June 1999 to September 1999, after rising at a 22.1-percent rate in the previous quarter. The index for durable manufacturing materials declined 0.4 percent in September, following a 0.2-percent rise in August. Prices for steel mill products turned down 0.4 percent, following a 0.2-percent rise in the prior month. The index for plywood fell more than a month ago. Prices for aluminum mill shapes and for building paper and board turned down, after rising in the previous month. The index for flat glass showed no change, following a 0.2-percent increase last month. On the other hand, prices for copper and brass mill shapes moved up 1.9 percent in September, after rising 0.4 percent in August. The indexes for hardwood lumber, zinc, and platinum rose more than in the previous month. Durable manufacturing material prices rose at a 2.6-percent SAAR from June 1999 to September 1999, after advancing at a 6.3-percent rate during the second quarter. Prices for materials and components for construction fell 0.5 percent in September, after declining 0.1 percent in August. The index for plywood fell 11.4 percent, after registering a 2.7-percent decrease a month ago. Prices for gypsum products and non-fluid power metal valves turned down, following last month's increases. The indexes for cement and heating equipment rose less than in the previous month. By contrast, prices for softwood lumber fell 4.2 percent in September, after dropping 6.0 percent in August. The plastic construction products index rose more than in the previous month. Prices for fabricated ferrous wire products and for plumbing fixtures and brass fittings turned up, after falling in the prior month. This index for materials and components for construction increased at a 0.8-percent SAAR for the third quarter of 1999, following a 4.1- percent rate of increase during the second quarter. The index for nondurable manufacturing materials increased 0.4 percent in September, following a 0.6-percent gain in August. Prices for paperboard fell 2.2 percent, following a 3.6-percent advance in the prior month. The indexes for paint materials and phosphates also turned down, after rising in the previous month. Prices for plastic resins and materials rose less than the month before. By contrast, the paper index rose 0.4 percent in September, following a 0.4-percent decline in August. Prices for gray fabrics, inedible fats and oils, and nitrogenates also turned up, after falling a month ago. The index for industrial chemicals increased faster than in the previous month. Nondurable manufacturing material prices rose at a 5.6-percent SAAR during the third quarter of 1999, after increasing at a 5.7-percent rate during the second quarter. -5- Prices for intermediate foods and feeds moved up 1.3 percent in September, after rising 1.1 percent in August. The index for fluid milk products rose 3.6 percent, after falling 0.2 percent last month. Prices for confectionery materials and for beef and veal also turned up, following a decline a month ago. The indexes for pork and for dry, condensed, and evaporated milk products rose more than in the prior month. On the other hand, prices for crude vegetable oils increased 0.4 percent in September, following a 9.5-percent advance in August. The index for flour turned down, after rising a month ago. Prices for natural, processed, and imitation cheese and for prepared animal feeds rose less than in the previous month. The intermediate foods and feeds index advanced at a 4.0- percent SAAR during the third quarter of 1999, following a 2.8-percent rate of decline in the previous quarter. Crude Goods The Producer Price Index for Crude Materials for Further Processing rose 5.1 percent in September, seasonally adjusted, following a 4.6-percent rise in August. Prices for crude energy materials and basic industrial materials increased more than in the previous month. By contrast, price increases slowed for crude foodstuffs and feedstuffs. (See table B.) The index for crude energy materials rose 10.4 percent in September, following a 7.2-percent increase in August. September's acceleration was led by the crude petroleum index, which advanced 14.3 percent, after rising 6.5 percent in the prior month. In addition, prices for natural gas rose 13.3 percent, after advancing 10.6 percent in August. By contrast, the index for coal fell 3.8 percent, following a 0.2-percent decline a month earlier. Prices for crude energy materials increased at a 126.6-percent seasonally adjusted annual rate from June 1999 to September 1999, following 158.3-percent rate of advance in the second quarter. The basic industrial materials index rose 2.2 percent, following a 1.8- percent rise in August. Prices for leaf tobacco rose 9.1 percent, after increasing 0.9 percent in August. The aluminum base scrap index also rose more than last month. Indexes for wastepaper and copper base scrap moved up, following declines in the prior month. By contrast, price increases slowed from August to September for iron and steel scrap and cattle hides. The indexes for raw cotton and softwood logs turned down, after rising a month earlier. Basic industrial material prices increased at a 28.1- percent seasonally adjusted annual rate in the third quarter of 1999, following a 7.3-percent annual rate of advance in the second quarter of 1999. The index for crude foodstuffs and feedstuffs advanced 1.3 percent, following a 3.8-percent increase in August. Corn prices turned down 5.0 percent, after advancing 25.7 percent a month ago. Slaughter hog prices also fell, following an increase in August. The indexes for soybeans, fluid milk, wheat, and fresh vegetables (except potatoes) rose less than a month ago. Prices for alfalfa hay and Louisiana rough rice fell more than in the prior month. On the other hand, prices for slaughter broilers and fryers turned up 8.2 percent, after falling 12.6 percent in August. The index for Irish potatoes for processing more than doubled in September from a sharp decline in the prior month. Prices for fresh fruits and melons, slaughter turkeys, and unprocessed shellfish also increased, after declining last month. Prices for raw cane sugar fell less than in previous month. The crude foodstuffs and feedstuffs index moved up at a 0.4-percent SAAR from June 1999 to September 1999, after showing no change in the second quarter of 1999. -6- 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 9.1 percent in September, after registering a 6.3- percent advance in August. (Net output price indexes are not seasonally adjusted.) Prices received by the crude petroleum, natural gas, and natural gas liquids industry rose 14.0 percent, following a 9.6-percent increase a month ago. The industry indexes for oil and gas well drilling, crushed and broken limestone, and for dimension stone rose, after falling in the prior month. By contrast, the industry index for bituminous coal and lignite mining fell 2.5 percent, following a 0.2-percent decline in the previous month. Price increases in the copper ores and gold ores mining industries rose less than a month ago. The index for the potash, soda, and borate minerals industry fell more than in the prior month. In September, the Producer Price Index for the net output of total domestic mining industries stood at 90.9 (December 1984=100), 38.4 percent above its year- ago level. During the third quarter of 1999, this index increased at a 102.5-percent annual rate, following a 108.7-percent rate of increase in the second quarter. Manufacturing. The Producer Price Index for the net output of total domestic manufacturing industries increased 0.5 percent in September, after posting a 0.6-percent rise in August. Increases in the industry indexes for petroleum refining and related products, tobacco manufactures, food and kindred products, chemicals and allied products, and paper and allied products outweighed declining industry indexes for lumber and wood products (except furniture), transportation equipment, machinery (except electrical), measuring and controlling instruments, electromedical equipment, and primary metals. In September, the Producer Price Index for the net output of total domestic manufacturing industries stood at 129.7 (December 1984=100), 3.0 percent above its year-ago level. From June 1999 to September 1999, this index rose at a 6.1-percent annual rate, after increasing at a 4.8-percent rate in the previous quarter. Other. Among other industries in September, the industry indexes for operators and lessors of nonresidential buildings, deep sea foreign transportation of freight, telephone communications (except radiotelephone), life insurance carriers, radio broadcasting, and scheduled air transportation registered increases. By contrast, the industry indexes for real estate agents and managers, hotels and motels, wireless communications, marine cargo handling, travel agencies, passenger car rental, cable and other pay televisions services, and home health care services declined in September. ***** Producer Price Index data for October 1999 will be released on Wednesday, November 10, 1999 at 8:30 a.m. (E.S.T.) ***** Information in this news release will be made available to sensory impaired individuals upon request. Voice phone: 202-606-7828; TDD phone: 202-606- 5897; TDD Message Referral phone: 1-800-326-2577. Table 1. Producer price indexes and percent changes by stage of processing (1982=100) _______________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | Relative | Unadjusted index |change to |percent change from: Grouping |importance| |Sept.1999 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | | May |Aug. |Sept. | Sept.| Aug. |June to|July to |Aug. to | 1998 1/|1999 2/|1999 2/|1999 2/| 1998 | 1999 | July | Aug. | Sept. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 132.4 133.7 134.8 3.2 0.8 0.2 0.5 1.1 Finished consumer goods........................| 74.783 131.2 133.1 134.6 4.3 1.1 .3 .7 1.3 Finished consumer foods......................| 23.285 134.5 135.7 137.0 1.2 1.0 -.9 .4 1.0 Crude......................................| 1.701 126.5 123.1 126.6 -.4 2.8 -4.8 -.3 1.2 Processed..................................| 21.584 135.2 136.7 137.8 1.3 .8 -.6 .4 1.0 Finished consumer goods, excluding foods.....| 51.498 129.6 131.8 133.4 5.6 1.2 .9 .8 1.4 Nondurable goods less foods................| 35.202 126.6 130.3 132.8 8.1 1.9 1.3 1.3 1.7 Durable goods..............................| 16.296 132.8 131.5 131.1 .1 -.3 -.1 -.1 .6 Capital equipment..............................| 25.217 137.6 136.9 136.7 0 -.1 -.1 0 .2 Manufacturing industries.....................| 6.607 138.4 138.4 138.3 .4 -.1 .1 0 0 Nonmanufacturing industries..................| 18.610 137.2 136.3 136.1 -.1 -.1 -.2 0 .4 | Intermediate materials, supplies, and components.| 100.000 122.2 124.7 125.2 1.9 .4 .6 .8 .3 Materials and components for manufacturing.....| 47.713 123.8 124.9 125.1 -.3 .2 .2 .3 .2 Materials for food manufacturing.............| 3.633 119.6 121.1 122.5 -2.1 1.2 -1.5 1.3 1.4 Materials for nondurable manufacturing.......| 15.730 123.3 125.3 125.8 .6 .4 .4 .6 .4 Materials for durable manufacturing..........| 10.415 124.3 126.2 125.8 -1.1 -.3 .8 .2 -.4 Components for manufacturing.................| 17.935 125.6 125.6 125.6 -.2 0 0 0 .1 Materials and components for construction......| 14.004 148.5 150.4 149.7 1.6 -.5 .7 -.1 -.5 Processed fuels and lubricants.................| 11.845 82.5 90.1 92.5 12.4 2.7 3.0 3.9 1.8 Manufacturing industries ....................| 4.580 86.5 92.3 94.5 8.4 2.4 1.9 3.1 1.9 Nonmanufacturing industries..................| 7.265 80.0 88.6 91.1 14.9 2.8 3.6 4.3 1.8 Containers.....................................| 3.881 141.6 144.5 146.3 4.1 1.2 0 1.8 1.2 Supplies.......................................| 22.557 133.7 134.4 134.4 .1 0 .1 .2 .1 Manufacturing industries.....................| 5.131 140.4 141.0 140.9 .2 -.1 .1 .4 -.1 Nonmanufacturing industries..................| 17.426 130.9 131.5 131.6 0 .1 .1 .2 .1 Feeds......................................| 1.242 87.6 88.1 88.6 -4.6 .6 -.9 .8 .6 Other supplies.............................| 16.184 136.1 136.8 136.8 .4 0 .1 .2 0 | Crude materials for further processing...........| 100.000 97.4 102.1 106.9 16.1 4.7 -.2 4.6 5.1 Foodstuffs and feedstuffs......................| 45.019 99.6 100.1 100.5 -.8 .4 -4.8 3.8 1.3 Nonfood materials..............................| 54.981 92.3 99.9 107.4 30.2 7.5 3.2 5.3 7.6 Nonfood materials except fuel 3/.............| 29.160 87.5 96.2 102.7 23.9 6.8 5.1 3.5 6.9 Manufacturing 3/...........................| 27.653 79.6 87.8 94.1 25.0 7.2 5.2 3.7 7.2 Construction...............................| 1.507 195.2 198.3 197.1 2.8 -.6 .5 1.7 -.8 Crude fuel 4/................................| 25.821 91.6 96.9 105.3 39.8 8.7 .7 7.7 8.7 Manufacturing industries...................| 2.104 90.2 96.4 106.5 43.3 10.5 2.2 8.0 10.5 Nonmanufacturing industries................| 23.717 93.3 98.6 107.0 39.5 8.5 .4 7.6 8.5 | Special groupings | | Finished goods, excluding foods..................|5/ 76.715 131.6 133.0 134.0 3.8 .8 .5 .5 1.1 Intermediate materials less foods and feeds......|6/ 95.125 122.9 125.4 125.9 2.0 .4 .6 .7 .3 Intermediate foods and feeds.....................|6/ 4.875 109.8 110.9 112.1 -2.7 1.1 -1.4 1.1 1.3 Crude materials less agricultural products 3/ 7/.|8/ 52.084 92.2 100.3 108.1 33.1 7.8 3.5 5.2 7.9 | Finished energy goods............................|5/ 11.972 77.5 83.6 85.9 13.9 2.8 3.4 3.7 2.2 Finished goods less energy.......................|5/ 88.028 142.5 142.5 143.2 1.6 .5 -.2 0 .8 Finished consumer goods less energy..............|5/ 62.811 144.6 144.7 145.9 2.2 .8 -.3 .1 1.0 | Finished goods less foods and energy.............|5/ 64.743 145.6 145.1 145.6 1.7 .3 0 -.1 .8 Finished consumer goods less foods and energy....|5/ 39.526 151.0 150.5 151.6 2.8 .7 .1 -.1 1.1 Consumer nondurable goods less foods and energy..|5/ 23.230 165.2 165.5 167.7 4.8 1.3 .2 -.2 1.4 | Intermediate energy goods........................|6/ 11.941 82.2 89.8 92.1 12.3 2.6 2.9 3.8 1.8 Intermediate materials less energy...............|6/ 88.059 131.1 132.3 132.4 .3 .1 .3 .3 .1 Intermediate materials less foods and energy.....|6/ 83.184 132.5 133.7 133.7 .5 0 .4 .2 .1 | Crude energy materials 3/........................|8/ 33.303 77.1 85.2 94.1 51.3 10.4 3.7 7.2 10.4 Crude materials less energy......................|8/ 66.697 107.6 109.4 110.4 -.2 .9 -2.4 3.1 1.7 Crude nonfood materials less energy 4/...........|8/ 21.678 131.4 136.8 139.6 1.2 2.0 2.3 1.8 2.2 | _______________________________________________________________________________________________________________________________ 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 May 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 four 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 | | |Sept.1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | | May |Aug. |Sept. | Sept. | Aug. |June to|July to|Aug. to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | July | Aug. | Sept. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 132.4 133.7 134.8 3.2 0.8 0.2 0.5 1.1 | FINISHED CONSUMER GOODS...............................| 131.2 133.1 134.6 4.3 1.1 .3 .7 1.3 | FINISHED CONSUMER FOODS..............................| 134.5 135.7 137.0 1.2 1.0 -.9 .4 1.0 | | 01-11 | Fresh fruits and melons 2/..........................| 115.4 96.7 105.4 14.2 9.0 -3.2 -3.2 9.0 01-13 | Fresh and dry vegetables 2/.........................| 111.5 111.1 120.4 -8.0 8.4 -8.1 -5.3 8.4 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 66.8 82.7 75.7 -14.8 -8.5 7.1 2.8 -12.8 02-11 | Bakery products 2/..................................| 177.7 177.8 178.0 1.2 .1 .1 0 .1 02-13 | Milled rice 2/......................................| 124.2 125.3 122.9 -1.3 -1.9 -.1 -.1 -1.9 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.0 122.0 122.0 -.7 0 0 .1 0 02-21-01 | Beef and veal.......................................| 104.3 108.6 110.0 13.2 1.3 -3.4 -.7 1.8 02-21-04 | Pork................................................| 100.2 104.1 107.4 11.6 3.2 -3.8 7.1 9.7 02-22-03 | Processed young chickens............................| 114.8 112.8 113.3 -18.1 .4 -4.6 -3.7 .6 02-22-06 | Processed turkeys...................................| 89.8 96.6 99.2 -1.2 2.7 -3.0 1.3 2.0 02-23 | Finfish and shellfish...............................| 187.1 188.4 193.4 8.2 2.7 .8 -.4 3.5 02-3 | Dairy products......................................| 133.0 139.9 143.9 -1.2 2.9 .4 1.2 1.9 02-4 | Processed fruits and vegetables 2/..................| 127.9 127.2 127.5 1.8 .2 0 -.5 .2 02-55 | Confectionery end products 2/.......................| 170.6 171.0 171.4 1.1 .2 .1 .1 .2 02-62 | Soft drinks.........................................| 137.4 138.1 138.1 2.4 0 .1 1.1 0 02-63-01 | Roasted coffee 2/...................................| 135.3 135.3 133.3 -2.6 -1.5 0 -.1 -1.5 02-78 | Shortening and cooking oils 2/......................| 141.9 139.2 143.0 .4 2.7 -3.3 4.3 2.7 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 129.6 131.8 133.4 5.6 1.2 .9 .8 1.4 | | 02-61 | Alcoholic beverages.................................| 136.3 137.1 137.5 2.1 .3 .4 -.5 .6 03-81-01 | Women's apparel 2/..................................| 124.2 121.5 122.1 -.5 .5 -.2 -.8 .5 03-81-02 | Men's and boys' apparel.............................| 133.5 132.6 132.8 -.5 .2 -.3 0 .2 03-81-03 | Girls', children's, and infants' apparel 2/.........| 117.8 117.2 116.3 -3.5 -.8 .1 -.5 -.8 03-82 | Textile housefurnishings 2/.........................| 122.7 122.7 122.6 -.5 -.1 -.1 0 -.1 04-3 | Footwear............................................| 144.4 144.5 144.6 -.1 .1 0 -.1 .1 05-41 | Residential electric power (Dec. 1990=100)..........| 108.3 113.2 114.2 0 .9 .3 1.1 .8 05-51 | Residential gas (Dec. 1990=100).....................| 111.0 114.1 117.2 4.5 2.7 .4 1.1 2.5 05-71 | Gasoline............................................| 65.6 75.1 77.7 52.4 3.5 12.7 9.1 2.2 05-73-02-01| Fuel oil No. 2......................................| 52.2 63.0 69.4 44.6 10.2 15.2 5.3 6.0 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 332.8 337.0 337.5 1.5 .1 .9 .1 .1 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 185.9 186.4 186.8 1.2 .2 -.2 .1 .2 06-71 | Soaps and synthetic detergents 2/...................| 125.5 126.7 127.3 .6 .5 1.3 -.3 .5 06-75 | Cosmetics and other toilet preparations 2/..........| 133.9 134.7 134.2 .8 -.4 0 .1 -.4 07-12 | Tires, tubes, tread, etc 2/.........................| 93.3 92.8 92.9 -1.2 .1 -1.6 .8 .1 09-15-01 | Sanitary papers and health products 2/..............| 142.7 143.2 143.8 -1.0 .4 1.4 -2.5 .4 09-31-01 | Newspaper circulation 2/............................| 207.1 207.5 207.9 2.6 .2 0 0 .2 09-32-01 | Periodical circulation..............................| 197.2 197.1 197.1 1.3 0 .2 .2 .1 09-33 | Book publishing 2/..................................| 211.5 211.4 211.9 2.6 .2 .1 -.3 .2 12-1 | Household furniture 2/..............................| 150.1 150.6 150.7 1.4 .1 .1 .1 .1 12-3 | Floor coverings 2/..................................| 126.7 127.1 127.1 -.7 0 -.4 -.2 0 12-4 | Household appliances ...............................| 108.7 108.7 108.4 -.6 -.3 .1 .1 -.1 12-5 | Home electronic equipment 2/........................| 74.0 73.9 73.9 -1.1 0 0 -.1 0 12-62 | Household glassware 2/..............................| 164.2 164.3 164.4 .8 .1 -.1 .1 .1 12-64 | Household flatware 2/...............................| 140.0 139.3 139.3 .7 0 -.5 0 0 12-66 | Lawn and garden equip., ex. tractors 2/.............| 132.2 131.8 132.1 0 .2 0 0 .2 14-11-01 | Passenger cars......................................| 130.2 126.8 126.4 -.5 -.3 -.2 -.1 2.0 15-11 | Toys, games, and children's vehicles................| 123.5 123.8 122.7 -1.1 -.9 -.1 0 -.8 15-12 | Sporting and athletic goods 2/......................| 126.3 125.7 126.2 0 .4 -.2 -.2 .4 15-2 | Tobacco products 2/.................................| 363.5 363.8 394.5 37.3 8.4 0 .1 8.4 15-5 | Mobile homes 2/.....................................| 158.3 158.3 159.0 2.6 .4 .7 -.5 .4 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 127.3 125.2 125.1 -2.0 -.1 -.2 -1.4 -.1 15-94-04 | Costume jewelry and novelties 2/....................| 140.1 140.1 140.1 .2 0 .1 0 0 | | | CAPITAL EQUIPMENT.....................................| 137.6 136.9 136.7 0 -.1 -.1 0 .2 | | 11-1 | Agricultural machinery and equipment 2/.............| 152.3 151.3 151.2 .3 -.1 .1 .1 -.1 11-2 | Construction machinery and equipment................| 147.3 147.4 147.5 1.5 .1 .2 .1 .3 11-37 | Metal cutting machine tools 2/......................| 160.4 160.9 160.8 .4 -.1 0 .3 -.1 11-38 | Metal forming machine tools 2/......................| 159.7 159.9 159.8 .9 -.1 -.1 .1 -.1 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 139.7 140.1 140.1 .9 0 .4 0 0 11-41 | Pumps, compressors, and equipment...................| 151.5 151.9 151.9 1.7 0 .3 .1 .1 11-44 | Industrial material handling equipment 2/...........| 132.9 133.0 132.9 .8 -.1 0 0 -.1 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 88.5 83.5 83.1 -21.4 -.5 -1.0 -3.2 -.5 11-62 | Textile machinery 2/................................| 154.1 154.3 154.3 1.0 0 0 .1 0 11-64 | Paper industries machinery (June 1982=100)..........| 162.6 162.8 163.0 2.1 .1 .1 .2 .2 11-65 | Printing trades machinery 2/........................| 140.8 141.4 141.4 -1.0 0 -.1 0 0 11-74 | Transformers and power regulators 2/................| 130.7 131.1 131.4 -.3 .2 .2 .2 .2 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 113.0 113.0 112.7 -.8 -.3 -.1 0 -.3 11-79-05 | X-ray and electromedical equipment 2/...............| 105.1 105.2 103.9 -1.8 -1.2 .5 -.8 -1.2 11-91 | Oil field and gas field machinery ..................| 126.5 126.6 126.3 .3 -.2 0 .2 -.2 11-92 | Mining machinery and equipment 2/...................| 144.5 144.8 144.2 1.3 -.4 .3 -.3 -.4 11-93 | Office and store machines and equipment 2/..........| 112.3 112.3 112.4 .1 .1 0 0 .1 12-2 | Commercial furniture 2/.............................| 156.2 157.0 157.0 1.2 0 .1 .1 0 14-11-05 | Light motor trucks..................................| 158.2 154.3 151.9 1.1 -1.6 -.4 -.4 .8 14-11-06 | Heavy motor trucks 2/...............................| 146.7 147.2 147.6 2.0 .3 .1 -.1 .3 14-14 | Truck trailers 2/...................................| 136.0 136.2 137.3 1.6 .8 .2 0 .8 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 151.4 151.2 151.4 .9 .1 -.1 .1 .2 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 145.8 0 0 0 0 0 14-4 | Railroad equipment..................................| 134.5 136.0 135.6 .2 -.3 -.1 .1 -.4 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 122.2 124.7 125.2 1.9 .4 .6 .8 .3 | | | INTERMEDIATE FOODS AND FEEDS..........................| 109.8 110.9 112.1 -2.7 1.1 -1.4 1.1 1.3 | | 02-12-03 | Flour 2/............................................| 104.6 105.9 103.9 .6 -1.9 -2.0 2.6 -1.9 02-53 | Refined sugar 2/....................................| 122.7 122.5 121.8 1.2 -.6 .2 -.3 -.6 02-54 | Confectionery materials.............................| 94.1 92.8 93.4 0 .6 -2.0 -.4 .3 02-72 | Crude vegetable oils 2/.............................| 95.1 85.1 85.4 -34.9 .4 -10.5 9.5 .4 02-9 | Prepared animal feeds 2/............................| 97.0 97.4 97.8 -3.9 .4 -.8 .7 .4 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 122.9 125.4 125.9 2.0 .4 .6 .7 .3 | | 03-1 | Synthetic fibers 2/.................................| 103.5 102.7 102.7 -6.2 0 -1.8 -.2 0 03-2 | Processed yarns and threads 2/......................| 108.5 108.0 107.8 -4.3 -.2 -.3 -.1 -.2 03-3 | Gray fabrics 2/.....................................| 115.5 112.1 112.5 -6.7 .4 -.4 -1.5 .4 03-4 | Finished fabrics....................................| 122.6 122.9 123.0 -.6 .1 -.2 .3 .2 03-83-03 | Industrial textile products 2/......................| 129.0 129.6 129.7 -.5 .1 .3 -.1 .1 04-2 | Leather.............................................| 175.1 174.7 176.4 -1.5 1.0 -.1 .9 .5 05-32 | Liquefied petroleum gas 2/..........................| 66.0 81.1 94.2 79.4 16.2 -1.1 15.7 16.2 ____________________________________________________________________________________________________________________________________ See footnotes at end of table. Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing - Continued (1982=100 unless otherwise indicated) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | | Unadjusted index |change to |percent change from: Commodity | | |Sept.1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | | May |Aug. |Sept. | Sept. | Aug. |June to|July to|Aug. to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | July | Aug. | Sept. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 126.2 136.1 136.3 -1.0 0.1 -0.2 2.2 0.1 05-43 | Industrial electric power...........................| 127.4 133.7 134.1 -.8 .3 .1 1.9 0 05-52 | Commercial natural gas (Dec. 1990=100)..............| 103.1 107.2 111.3 8.2 3.8 .7 3.0 4.3 05-53 | Industrial natural gas (Dec. 1990=100)..............| 97.7 102.8 106.5 7.9 3.6 4.4 1.9 3.6 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 77.6 80.2 84.6 17.5 5.5 -.9 1.7 6.7 05-72-03 | Jet fuels...........................................| 48.3 57.7 63.7 47.8 10.4 6.9 9.7 7.8 05-73-03 | No. 2 Diesel fuel...................................| 53.0 65.6 67.5 40.3 2.9 15.4 4.1 -3.8 05-74 | Residual fuel 2/....................................| 50.8 56.2 67.7 73.6 20.5 .6 7.5 20.5 06-1 | Industrial chemicals 2/.............................| 117.0 118.8 119.4 -.1 .5 -.3 .3 .5 06-21 | Prepared paint......................................| 157.5 157.5 157.5 1.4 0 .1 .1 0 06-22 | Paint materials 2/..................................| 144.4 145.0 144.2 .1 -.6 -1.3 1.0 -.6 06-31 | Medicinal and botanical chemicals ..................| 138.8 144.4 145.3 7.5 .6 .2 .3 .7 06-4 | Fats and oils, inedible 2/..........................| 79.2 78.8 88.3 -20.7 12.1 .3 -1.1 12.1 06-51 | Mixed fertilizers...................................| 114.6 114.2 113.4 -1.4 -.7 .4 .4 -.4 06-52-01 | Nitrogenates........................................| 95.0 89.0 91.5 -11.1 2.8 -.8 -.3 2.7 06-52-02 | Phosphates 2/.......................................| 114.2 113.5 111.9 -.5 -1.4 -.5 .2 -1.4 06-53 | Other agricultural chemicals........................| 140.4 147.0 146.7 .8 -.2 -.5 2.3 -.8 06-6 | Plastic resins and materials 2/.....................| 122.1 128.4 130.4 9.0 1.6 1.9 3.0 1.6 07-11-02 | Synthetic rubber 2/.................................| 113.0 113.4 113.8 -2.6 .4 -.4 .4 .4 07-21 | Plastic construction products ......................| 126.0 129.6 130.5 3.9 .7 1.6 .2 .9 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 125.4 127.2 127.5 .7 .2 -.3 .6 .2 07-26 | Plastic parts and components for manufacturing 2/...| 117.6 117.5 117.6 .4 .1 .1 -.2 .1 08-11 | Softwood lumber 2/..................................| 197.3 205.2 196.6 12.2 -4.2 5.9 -6.0 -4.2 08-12 | Hardwood lumber ....................................| 176.5 176.2 177.2 -.5 .6 -.2 .2 .6 08-2 | Millwork 2/.........................................| 174.1 176.7 176.9 3.1 .1 .5 .1 .1 08-3 | Plywood 2/..........................................| 179.1 202.0 179.0 5.3 -11.4 6.2 -2.7 -11.4 09-11 | Woodpulp 2/.........................................| 114.1 121.0 126.5 4.5 4.5 1.0 2.3 4.5 09-13 | Paper...............................................| 140.3 140.6 141.3 -2.0 .5 .6 -.4 .4 09-14 | Paperboard..........................................| 149.3 161.2 159.8 7.2 -.9 3.5 3.6 -2.2 09-15-03 | Paper boxes and containers 2/.......................| 156.8 161.5 164.0 6.0 1.5 -.1 2.7 1.5 09-2 | Building paper and board 2/.........................| 141.6 149.8 145.6 2.0 -2.8 2.7 .1 -2.8 09-37 | Commercial printing (June 1982=100) 2/..............| 152.2 152.4 152.3 -.1 -.1 0 .2 -.1 10-15 | Foundry and forge shop products.....................| 135.1 135.2 135.1 .1 -.1 0 0 0 10-17 | Steel mill products 2/..............................| 104.6 105.0 104.6 -7.7 -.4 -.5 .2 -.4 10-22 | Primary nonferrous metals 2/........................| 99.7 104.3 107.3 3.7 2.9 4.7 2.0 2.9 10-25-01 | Aluminum mill shapes 2/.............................| 135.4 139.4 136.8 -2.8 -1.9 .5 1.4 -1.9 10-25-02 | Copper and brass mill shapes 2/.....................| 149.3 155.8 158.7 4.7 1.9 5.1 .4 1.9 10-26 | Nonferrous wire and cable 2/........................| 134.2 135.7 137.4 -2.4 1.3 .8 1.2 1.3 10-3 | Metal containers 2/.................................| 106.3 106.0 106.0 -2.3 0 0 0 0 10-4 | Hardware............................................| 147.9 149.9 149.7 1.8 -.1 .1 .5 -.1 10-5 | Plumbing fixtures and brass fittings................| 176.1 176.4 176.7 1.2 .2 .7 -.6 .5 10-6 | Heating equipment...................................| 154.0 154.6 154.8 1.0 .1 .1 .3 .1 10-7 | Fabricated structural metal products................| 142.9 143.2 143.3 .1 .1 .2 .1 .1 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.4 130.5 130.9 .6 .3 -.1 -.1 .3 10-89 | Other misc. metal products 2/.......................| 125.5 125.4 125.4 -.5 0 -.1 -.1 0 11-45 | Mechanical power transmission equipment.............| 161.4 161.5 161.5 2.3 0 .1 .1 .2 11-48 | Air conditioning and refrigeration equipment........| 135.7 135.7 135.8 -.3 .1 -.3 .1 .1 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.2 160.5 160.3 2.2 -.1 .3 .2 -.1 11-49-05 | Ball and roller bearings............................| 167.0 166.9 167.0 .8 .1 -.1 .1 .1 11-71 | Wiring devices......................................| 152.2 152.6 152.3 -1.5 -.2 .3 -.3 -.1 11-73 | Motors, generators, motor generator sets............| 145.9 145.8 145.4 -.3 -.3 .1 -.5 -.1 11-75 | Switchgear, switchboard, etc., equipment............| 150.8 151.2 150.9 1.8 -.2 .5 .1 0 11-78 | Electronic components and accessories 2/............| 98.1 98.0 98.7 -.8 .7 .1 -.1 .7 11-94 | Internal combustion engines.........................| 143.0 143.1 143.1 1.5 0 0 -.1 -.1 11-95 | Machine shop products 2/............................| 136.8 136.7 136.7 .1 0 -.1 .1 0 13-11 | Flat glass 2/.......................................| 106.0 107.1 107.1 .4 0 .2 .2 0 13-22 | Cement..............................................| 151.4 151.6 151.4 2.4 -.1 0 .4 .1 13-3 | Concrete products...................................| 144.1 143.7 144.1 1.9 .3 0 .3 .3 13-6 | Asphalt felts and coatings 2/.......................| 98.7 99.1 99.8 -.5 .7 .1 .4 .7 13-7 | Gypsum products 2/..................................| 202.3 215.7 213.9 17.8 -.8 -.1 5.0 -.8 13-8 | Glass containers 2/.................................| 126.0 125.9 125.7 -.2 -.2 .1 -.4 -.2 14-12 | Motor vehicle parts 2/..............................| 114.0 113.5 113.4 -1.0 -.1 0 0 -.1 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 137.6 137.7 137.6 .8 -.1 .2 .2 -.1 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 143.6 142.6 143.0 -.8 .3 0 -.1 .3 15-42 | Photographic supplies 2/............................| 128.4 128.3 128.4 -.5 .1 .3 -.2 .1 15-6 | Medical/surgical/personal aid devices...............| 144.9 144.9 144.7 .8 -.1 -.1 1.0 -.1 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 97.4 102.1 106.9 16.1 4.7 -.2 4.6 5.1 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 99.6 100.1 100.5 -.8 .4 -4.8 3.8 1.3 | | 01-21 | Wheat 2/............................................| 78.8 79.6 80.5 7.6 1.1 -6.8 7.1 1.1 01-22-02-05| Corn................................................| 85.5 79.2 72.7 .3 -8.2 -16.7 25.7 -5.0 01-31 | Slaughter cattle 2/.................................| 95.5 97.3 97.5 9.1 .2 -2.4 .6 .2 01-32 | Slaughter hogs......................................| 63.8 62.0 55.1 13.8 -11.1 -13.3 17.7 -2.9 01-41-02 | Slaughter broilers/fryers...........................| 144.2 126.9 133.8 -24.8 5.4 -7.9 -12.6 8.2 01-42 | Slaughter turkeys...................................| 116.9 130.6 135.4 9.8 3.7 -.2 -1.8 3.3 01-6 | Fluid milk..........................................| 94.8 111.7 118.4 -4.0 6.0 3.5 5.8 4.5 01-83-01-31| Soybeans 2/.........................................| 79.6 79.9 82.3 -9.1 3.0 -10.9 13.3 3.0 02-52-01-01| Cane sugar,raw 2/...................................| 118.3 115.2 114.0 -1.6 -1.0 .9 -4.5 -1.0 | | | CRUDE NONFOOD MATERIALS..............................| 92.3 99.9 107.4 30.2 7.5 3.2 5.3 7.6 | | 01-51-01-01| Raw cotton..........................................| 94.9 83.4 80.7 -32.4 -3.2 -10.3 5.9 -1.6 01-92-01-01| Leaf tobacco 2/.....................................| (3) 96.7 105.5 .3 9.1 (3) .9 9.1 04-11 | Cattle hides 2/.....................................| 137.5 145.2 149.8 -7.5 3.2 -.2 6.4 3.2 05-1 | Coal 2/.............................................| 91.4 88.8 85.4 -5.2 -3.8 -4.3 -.2 -3.8 05-31 | Natural gas 2/......................................| 91.4 100.0 113.3 62.3 13.3 3.2 10.6 13.3 05-61 | Crude petroleum 2/..................................| 47.2 57.2 65.4 81.7 14.3 10.0 6.5 14.3 08-5 | Logs, timber, etc...................................| 201.2 203.8 202.7 -.1 -.5 1.3 1.3 -.5 09-12 | Wastepaper 2/.......................................| 147.4 201.9 215.2 53.2 6.6 22.4 -2.4 6.6 10-11 | Iron ore 2/.........................................| 94.9 94.8 94.8 -.8 0 0 0 0 10-12 | Iron and steel scrap 2/.............................| 134.4 143.4 145.4 -1.4 1.4 -.4 4.7 1.4 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 62.1 62.3 64.2 -2.3 3.0 2.7 3.5 3.0 10-23-01 | Copper base scrap 2/................................| 104.6 114.6 117.5 3.9 2.5 13.7 -1.8 2.5 10-23-02 | Aluminum base scrap.................................| 158.1 170.5 172.2 15.0 1.0 7.0 .6 1.6 13-21 | Construction sand, gravel, and crushed stone........| 156.6 157.7 157.5 2.5 -.1 .1 .3 0 ____________________________________________________________________________________________________________________________________ 1/ The indexes for May 1999 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes 3/ Not available. are subject to revision four months after original publication. Table 3. Producer price indexes for selected commodity groupings (1982=100 unless otherwise indicated) _______________________________________________________________________________________________ | | | | | Unadjusted index 1/ | Commodity| |___________________________________| code | Grouping | May 1999 | Aug. 1999 |Sept. 1999 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 371.5 | 375.1 | 378.2 | | All commodities................................| 124.7 | 126.8 | 128.0 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 120.1 | 120.9 | 121.9 | 01 | Farm products................................| 99.6 | 99.0 | 99.6 | 02 | Processed foods and feeds....................| 130.3 | 131.8 | 132.9 | | | | | | | Industrial commodities.........................| 125.6 | 127.9 | 129.2 | 03 | Textile products and apparel.................| 121.2 | 120.3 | 120.4 | 04 | Hides, skins, leather, and related products..| 145.0 | 146.2 | 147.4 | 05 | Fuels and related products and power 2/......| 78.9 | 86.1 | 89.9 | 06 | Chemicals and allied products 2/.............| 142.6 | 144.6 | 145.2 | 07 | Rubber and plastic products..................| 122.0 | 122.9 | 123.0 | 08 | Lumber and wood products.....................| 183.7 | 189.5 | 184.8 | 09 | Pulp, paper, and allied products.............| 172.6 | 175.4 | 176.1 | 10 | Metals and metal products....................| 123.8 | 125.0 | 125.4 | 11 | Machinery and equipment......................| 124.3 | 124.2 | 124.2 | 12 | Furniture and household durables.............| 131.5 | 131.8 | 131.8 | 13 | Nonmetallic mineral products.................| 138.5 | 139.6 | 139.7 | 14 | Transportation equipment.....................| 141.5 | 140.1 | 139.8 | 15 | Miscellaneous products.......................| 165.4 | 165.1 | 169.1 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 138.9 | 139.5 | 139.7 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 122.3 | 111.2 | 120.0 | 01-2 | Grains.........................................| 84.6 | 80.9 | 75.9 | 01-3 | Slaughter livestock............................| 87.9 | 88.6 | 86.7 | 01-4 | Slaughter poultry..............................| 136.6 | 126.3 | 132.6 | 01-5 | Plant and animal fibers........................| 93.8 | 82.7 | 80.0 | 01-7 | Chicken eggs...................................| 77.1 | 95.7 | 87.7 | 01-8 | Hay, hayseeds, and oilseeds....................| 107.9 | 102.1 | 101.5 | 01-83 | Oilseeds.......................................| 93.3 | 91.5 | 92.4 | 01-9 | Other farm products............................| 'N.A.' | 144.2 | 157.4 | 02-1 | Cereal and bakery products.....................| 157.8 | 157.9 | 157.6 | 02-2 | Meats, poultry, and fish.......................| 114.1 | 116.6 | 118.2 | 02-22 | Processed poultry..............................| 114.4 | 114.5 | 115.2 | 02-5 | Sugar and confectionery........................| 135.9 | 135.6 | 135.7 | 02-6 | Beverages and beverage materials...............| 138.2 | 138.8 | 138.8 | 02-63 | Packaged beverage materials....................| 133.3 | 133.3 | 131.7 | 02-7 | Fats and oils..................................| 124.1 | 118.8 | 120.8 | 03-81 | Apparel........................................| 127.3 | 125.9 | 126.1 | 04-4 | Other leather and related products.............| 145.0 | 145.6 | 146.3 | 05-3 | Gas fuels 2/...................................| 83.6 | 93.8 | 106.9 | 05-4 | Electric power.................................| 126.7 | 133.9 | 134.5 | 05-7 | Refined petroleum products.....................| 59.8 | 68.9 | 72.4 | 06-3 | Drugs and pharmaceuticals......................| 249.8 | 252.5 | 253.3 | 06-5 | Agricultural chemicals and products............| 123.0 | 123.9 | 123.7 | 06-7 | Other chemicals and allied products............| 134.6 | 135.2 | 135.1 | 07-1 | Rubber and rubber products.....................| 114.2 | 114.1 | 114.2 | 07-11 | Rubber, except natural rubber..................| 112.4 | 112.8 | 113.3 | 07-13 | Miscellaneous rubber products..................| 138.3 | 138.4 | 138.2 | 07-2 | Plastic products...............................| 128.8 | 130.2 | 130.3 | 08-1 | Lumber.........................................| 188.9 | 194.3 | 188.6 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 145.2 | 149.9 | 151.3 | 09-15 | Converted paper and paperboard products........| 152.3 | 155.0 | 156.8 | 10-1 | Iron and steel.................................| 113.1 | 114.2 | 114.1 | 10-2 | Nonferrous metals..............................| 117.1 | 120.2 | 121.8 | 10-25 | Nonferrous mill shapes.........................| 130.9 | 134.5 | 133.4 | 11-3 | Metalworking machinery and equipment...........| 148.1 | 148.3 | 148.4 | 11-4 | General purpose machinery and equipment........| 149.3 | 149.5 | 149.5 | 11-6 | Special industry machinery.....................| 161.3 | 161.7 | 161.6 | 11-7 | Electrical machinery and equipment.............| 119.8 | 119.9 | 119.9 | 11-9 | Miscellaneous machinery and equipment..........| 133.1 | 133.2 | 133.2 | 12-6 | Other household durable goods..................| 152.8 | 152.8 | 152.9 | 13-2 | Concrete ingredients...........................| 152.1 | 152.8 | 152.6 | 14-1 | Motor vehicles and equipment...................| 131.4 | 129.3 | 128.8 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.5 | 132.4 | 132.4 | 15-4 | Photographic equipment and supplies............| 112.4 | 110.8 | 110.9 | 15-9 | Other miscellaneous products...................| 134.9 | 135.1 | 135.1 | __________________________________________________________|___________|___________|___________| 1/ Data for May 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_Sep._1999_from:__ code | |base | | | | | | | |May |Aug. |Sep. | Sep. | Aug. | | |1999 2/|1999 2/|1999 2/| 1998 | 1999 __________________|______________________________________________|_____|_______|_______|_______|________|___________ | | | |Total mining industries...................... |12/84| 76.5 83.3 90.9 38.4 9.1 10 | Metal mining................................ |12/84| 69.7 69.5 71.0 -1.9 2.2 12 | Coal mining................................. |12/85| 87.8 86.1 84.0 -3.8 -2.4 13 | Oil and gas extraction...................... |12/85| 76.3 85.9 96.4 56.0 12.2 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 133.8 134.4 133.8 .7 -.4 | | | |Total manufacturing industries............... |12/84| 127.7 129.0 129.7 3.0 .5 20 | Food and kindred products................... |12/84| 125.3 126.7 127.6 .4 .7 21 | Tobacco manufactures........................ |12/84| 316.1 316.4 344.4 39.4 8.8 22 | Textile mill products....................... |12/84| 116.4 115.7 115.9 -2.0 .2 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.3 124.9 124.9 -.2 0 24 | Lumber and wood products, except furniture.. |12/84| 161.9 166.6 162.9 3.6 -2.2 25 | Furniture and fixtures...................... |12/84| 140.9 141.4 141.5 1.3 .1 26 | Paper and allied products................... |12/84| 134.8 137.8 138.8 2.4 .7 27 | Printing, publishing, and allied industries. |12/84| 177.2 177.7 177.7 2.0 0 28 | Chemicals and allied products............... |12/84| 148.2 149.8 150.3 1.2 .3 29 | Petroleum refining and related products..... |12/84| 75.4 85.8 89.9 40.0 4.8 30 | Rubber and miscellaneous plastic products... |12/84| 121.6 122.6 122.7 .7 .1 31 | Leather and leather products................ |12/84| 136.0 136.1 137.0 -.1 .7 32 | Stone, clay, glass, and concrete products... |12/84| 132.5 133.1 133.3 2.4 .2 33 | Primary metal industries.................... |12/84| 114.9 116.1 115.8 -3.6 -.3 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 128.9 129.1 129.2 .2 .1 35 | Machinery, except electrical................ |12/84| 117.5 117.2 117.1 -.4 -.1 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.7 109.5 109.6 -.5 .1 37 | Transportation equipment.................... |12/84| 134.1 132.8 132.4 .5 -.3 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 125.9 125.5 125.4 -.4 -.1 39 | Miscellaneous manufacturing industries...... |12/85| 130.5 130.2 130.1 .2 -.1 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 101.5 101.0 101.5 -.3 .5 42 | Motor freight transportation and warehousing |06/93| 114.3 115.4 115.7 2.9 .3 43 | United states postal service................ |06/89| 135.4 135.2 135.2 2.2 0 44 | Water transportation........................ |12/92| 114.4 116.3 118.4 8.7 1.8 45 | Transportation by air....................... |12/92| 130.0 131.5 132.2 5.6 .5 46 | Pipe lines, except natural gas.............. |12/86| 98.5 98.7 98.6 -.6 -.1 80 | Health services............................. |12/94| 109.5 109.8 109.9 1.8 .1 81 | Legal services.............................. |12/96| 108.4 108.9 109.1 2.4 .2 ____________________________________________________________________________________________________________________ 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 May 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 | | | | | | | Apr. | May | June | July | Aug. | Sep. | 1999 | 1999 | 1999 | 1999 | 1999 | 1999 _______________________________________________________|________|________|________|________|________|_______ Finished goods...................................| 132.2 132.4 132.3 132.6 133.3 134.7 Finished consumer goods........................| 130.9 131.2 131.2 131.6 132.5 134.2 Finished consumer foods......................| 134.3 134.8 135.3 134.1 134.6 136.0 Crude......................................| 130.3 128.7 126.5 120.4 120.0 121.4 Processed..................................| 134.5 135.3 136.0 135.2 135.8 137.1 Finished consumer goods, excluding foods.....| 129.3 129.4 129.2 130.3 131.4 133.3 Nondurable goods less foods................| 126.2 126.3 126.2 127.9 129.5 131.7 Durable goods..............................| 132.9 133.0 132.6 132.5 132.4 133.2 Capital equipment..............................| 137.7 137.7 137.5 137.3 137.3 137.6 Manufacturing industries.....................| 138.4 138.4 138.4 138.5 138.5 138.5 Nonmanufacturing industries..................| 137.3 137.4 137.1 136.8 136.8 137.3 | Intermediate materials, supplies, and components.| 121.9 122.3 122.6 123.3 124.3 124.7 Materials and components for manufacturing.....| 123.3 123.8 124.2 124.5 124.9 125.1 Materials for food manufacturing.............| 118.9 119.9 120.4 118.6 120.1 121.8 Materials for nondurable manufacturing.......| 122.7 123.4 124.2 124.7 125.4 125.9 Materials for durable manufacturing..........| 123.1 124.2 125.0 126.0 126.3 125.8 Components for manufacturing.................| 125.7 125.6 125.6 125.6 125.6 125.7 Materials and components for construction......| 147.9 148.3 149.3 150.4 150.3 149.6 Processed fuels and lubricants.................| 82.4 82.8 82.3 84.8 88.1 89.7 Manufacturing industries ....................| 85.5 86.6 86.0 87.6 90.3 92.0 Nonmanufacturing industries..................| 80.4 80.3 80.0 82.9 86.5 88.1 Containers.....................................| 140.5 141.7 142.2 142.2 144.7 146.4 Supplies.......................................| 133.8 133.7 133.9 134.1 134.4 134.5 Manufacturing industries.....................| 140.3 140.3 140.4 140.6 141.1 141.0 Nonmanufacturing industries..................| 131.0 130.9 131.2 131.3 131.6 131.7 Feeds......................................| 88.4 87.6 88.2 87.4 88.1 88.6 Other supplies.............................| 136.1 136.1 136.3 136.5 136.8 136.8 | Crude materials for further processing...........| 91.3 96.9 97.0 96.8 101.3 106.5 Foodstuffs and feedstuffs......................| 96.3 98.7 99.2 94.4 98.0 99.3 Nonfood materials..............................| 84.6 92.2 92.0 94.9 99.9 107.5 Nonfood materials except fuel 2/.............| 83.0 87.3 88.5 93.0 96.3 102.9 Manufacturing 2/...........................| 75.4 79.4 80.6 84.8 87.9 94.2 Construction...............................| 190.9 193.3 195.3 196.3 199.6 198.0 Crude fuel 3/................................| 80.0 91.6 89.4 90.0 96.9 105.3 Manufacturing industries...................| 77.5 90.2 87.4 89.3 96.4 106.5 Nonmanufacturing industries................| 81.7 93.3 91.2 91.6 98.6 107.0 | Special groupings | | Finished goods, excluding foods..................| 131.5 131.6 131.4 132.1 132.8 134.2 Intermediate materials less foods and feeds......| 122.6 123.0 123.3 124.1 125.0 125.4 Intermediate foods and feeds.....................| 109.6 109.9 110.5 109.0 110.2 111.6 Crude materials less agricultural products 2/....| 84.2 92.1 92.1 95.3 100.3 108.2 | Finished energy goods............................| 76.9 77.1 76.6 79.2 82.1 83.9 Finished goods less energy.......................| 142.5 142.7 142.8 142.5 142.5 143.7 Finished consumer goods less energy..............| 144.5 144.7 144.9 144.5 144.6 146.1 | Finished goods less foods and energy.............| 145.7 145.8 145.6 145.6 145.5 146.6 Finished consumer goods less foods and energy....| 151.0 151.1 151.0 151.2 151.0 152.6 Consumer nondurable goods less foods and energy..| 165.1 165.2 165.4 165.8 165.5 167.8 | Intermediate energy goods........................| 82.1 82.5 82.1 84.5 87.7 89.3 Intermediate materials less energy...............| 130.7 131.1 131.5 131.9 132.3 132.4 Intermediate materials less foods and energy.....| 132.1 132.5 132.9 133.4 133.7 133.8 | Crude energy materials 2/........................| 68.1 77.1 76.7 79.5 85.2 94.1 Crude materials less energy......................| 104.3 106.8 107.3 104.7 107.9 109.7 Crude nonfood materials less energy 3/...........| 128.1 130.8 131.5 134.5 136.9 139.9 _____________________________________________________________________________________________________________ 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 May 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.