Producer prices decline three months in a row
January 14, 2002
The Producer Price Index for Finished Goods declined 0.7 percent in December, seasonally adjusted. The December decline follows decreases of 0.6 percent in November and 1.6 percent in October.
Prices received by producers of intermediate goods decreased 0.9 percent in December, following a 0.5-percent decline in the prior month. The crude goods index dropped 9.5 percent, after posting a 7.3-percent rise in November.
From December 2000 to December 2001, finished goods prices fell 1.8 percent—the largest 12-month rate of decline since a 2.3-percent drop for the 12 months ended in December 1986. This index rose 3.6 percent during 2000.
Prices for finished energy goods turned down 17.2 percent in 2001, following a 16.6-percent advance in the previous calendar year. Prices for finished consumer foods advanced at about the same rate in 2001 as in the prior calendar year—1.8 and 1.7 percent, respectively. For the 12 months ended in December 2001, the index for finished goods other than foods and energy rose 0.7 percent, after posting a 1.3-percent gain in 2000.
These data are a product of the BLS Producer Price Index program. Find out more in the "Producer Price Indexes, December 2001", news release USDL 02-24. 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices decline three months in a row on the Internet at https://www.bls.gov/opub/ted/2002/jan/wk2/art01.htm (visited January 24, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.