February 20, 2007
The Producer Price Index for Finished Goods declined 0.6 percent in January, seasonally adjusted. This decrease followed a 0.9-percent advance in December and a 1.8-percent jump in November.
Finished energy goods prices declined 4.6 percent in January compared with a 2.2-percent advance in December. The gasoline index dropped 13.0 percent following a 5.0-percent increase in the previous month.
The increase in the index for finished consumer foods slowed to 1.1 percent in January from 1.5 percent in the previous month. The index for finished goods other than foods and energy increased 0.2 percent in January after moving up at the same rate in December.
From January 2006 to January 2007, prices for finished goods edged up 0.2 percent, as shown in the chart.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — January 2007," (PDF) (TXT) news release USDL 07-0247. 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.