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Processed goods for intermediate demand prices rose 0.2 percent over the year ended November 2016

December 16, 2016

The producer price index for processed goods for intermediate demand increased 0.2 percent over the year ended November 2016, the first increase since a similar 0.2-percent advance in the 12 months ended October 2014. This index tracks price change for fabricated goods sold as business inputs. Examples include car parts sold to car manufacturers and gasoline sold to trucking companies.

12-month percent change in producer price indexes for intermediate demand by commodity type, November 2010 to November 2016
Month Processed goods for intermediate demand Unprocessed goods for intermediate demand Services for intermediate demand Construction for intermediate demand

Nov 2010

5.9% 13.1% 1.7% 1.5%

Dec 2010

6.4 16.1 1.4 1.5

Jan 2011

6.2 10.9 1.3 1.1

Feb 2011

8.1 16.5 1.8 0.9

Mar 2011

9.1 16.7 2.5 1.0

Apr 2011

9.7 23.8 2.6 0.9

May 2011

10.3 22.7 2.4 1.2

Jun 2011

10.9 26.1 2.4 1.4

Jul 2011

11.5 23.2 2.3 1.3

Aug 2011

10.3 18.6 2.5 1.5

Sep 2011

10.4 20.0 2.5 1.6

Oct 2011

8.0 12.7 2.2 1.6

Nov 2011

7.2 14.4 1.8 1.4

Dec 2011

5.7 6.6 2.0 1.3

Jan 2012

4.3 4.3 2.3 2.1

Feb 2012

3.3 1.0 2.2 1.9

Mar 2012

2.9 0.2 1.9 1.9

Apr 2012

1.0 - 7.4 1.5 2.1

May 2012

-0.8 -8.1 1.5 1.7

Jun 2012

-1.8 -11.6 1.3 1.5

Jul 2012

-2.6 -9.3 1.5 1.4

Aug 2012

-1.0 - 3.4 1.3 1.2

Sep 2012

-0.2 -2.5 1.7 1.1

Oct 2012

0.8 -0.2 2.6 1.0

Nov 2012

-0.2 -1.8 3.2 1.0

Dec 2012

0.4 1.4 2.9 1.0

Jan 2013

0.6 0.5 2.3 1.2

Feb 2013

1.3 0.4 2.0 1.5

Mar 2013

-0.9 0.0 2.2 1.8

Apr 2013

-1.1 3.0 2.4 1.7

May 2013

-0.2 7.5 1.7 1.6

Jun 2013

0.8 10.7 2.2 1.6

Jul 2013

1.3 8.5 1.9 1.6

Aug 2013

0.4 1.9 2.1 1.8

Sep 2013

-0.6 0.5 1.8 2.1

Oct 2013

-0.8 -0.5 1.2 2.1

Nov 2013

-0.4 -3.0 0.9 2.1

Dec 2013

0.1 - 1.9 1.0 2.0

Jan 2014

0.5 -0.5 1.1 2.0

Feb 2014

-0.2 5.1 1.4 1.8

Mar 2014

0.7 5.3 1.7 1.5

Apr 2014

1.5 6.5 1.0 1.9

May 2014

1.4 4.2 1.5 1.9

Jun 2014

1.5 3.7 1.3 2.1

Jul 2014

1.6 0.9 1.9 2.4

Aug 2014

1.4 - 0.5 1.7 2.3

Sep 2014

1.1 -0.2 1.5 2.2

Oct 2014

0.2 -2.1 1.8 2.5

Nov 2014

-0.6 -1.6 1.5 2.6

Dec 2014

-2.6 - 8.7 1.8 2.7

Jan 2015

-5.6 -18.8 1.7 2.1

Feb 2015

-6.4 -25.2 1.3 1.9

Mar 2015

-6.7 -26.0 1.2 2.0

Apr 2015

-7.6 - 26.3 1.9 1.8

May 2015

-6.7 -23.0 1.8 2.2

Jun 2015

-6.2 -22.0 1.7 2.3

Jul 2015

-6.5 -23.2 1.4 2.1

Aug 2015

-7.2 - 23.7 1.6 2.0

Sep 2015

-8.3 -25.7 1.1 1.9

Oct 2015

-7.7 -24.0 0.2 1.7

Nov 2015

-7.2 -26.4 0.4 1.7

Dec 2015

-6.6 - 25.3 0.5 1.7

Jan 2016

-5.3 -17.5 1.5 1.5

Feb 2016

-5.8 -16.4 1.9 1.6

Mar 2016

-5.5 -14.4 1.6 1.4

Apr 2016

-4.6 - 13.0 1.1 1.4

May 2016

-4.5 -12.8 1.1 1.2

Jun 2016

-4.1 -10.8 1.4 0.9

Jul 2016

-3.7 -7.6 1.7 0.9

Aug 2016 (p)

- 3.1 -8.4 1.4 1.6

Sep 2016 (p)

-1.2 -4.8 2.5 1.4

Oct 2016 (p)

-0.5 -4.2 2.3 1.5

Nov 2016 (p)

0.2 0.2 2.3 1.4
Footnotes:

(p) Preliminary.

For the 12 months ended November 2016, the index for unprocessed goods for intermediate demand climbed 0.2 percent, the first increase since a 0.9-percent rise for the 12 months ended July 2014. This index measures price change for goods sold to businesses as inputs to production that have undergone no fabrication. Crude petroleum sold to refineries is an example of an unprocessed good sold to intermediate demand.

Over the same 12-month period, prices for services for intermediate demand advanced 2.3 percent and prices for construction for intermediate demand increased 1.4 percent. The services for intermediate demand index includes trade services, transportation and warehousing services, and other services sold as inputs to production. The construction for intermediate demand index measures price change for construction purchased by firms as inputs to production.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see “Producer Price Indexes — November 2016” (HTML) (PDF). Producer price indexes measure prices that U.S. producers receive for goods, services, and construction. All producer prices are subject to revision once, 4 months after original publication, reflecting late reports and corrections by respondents. For more charts, see Charts related to the latest “U.S. Producer Price Indexes” news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Processed goods for intermediate demand prices rose 0.2 percent over the year ended November 2016 at https://www.bls.gov/opub/ted/2016/processed-goods-for-intermediate-demand-prices-rose-0-point-2-percent-over-the-year-ended-november-2016.htm (visited October 31, 2024).

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