Producer Price Index for final demand increased 2.2 percent for the year ended February 2017

March 20, 2017

The Producer Price Index for final demand increased 2.2 percent from February 2016 to February 2017, the largest advance since a 2.4-percent increase for the year ended March 2012. The index for final demand goods increased 3.9 percent, led by a 19.2-percent increase in prices for final demand energy.

Producer Price Indexes for final demand, percent change, February 2016–February 2017
Grouping 12-month percent change

Final demand goods

3.9%

Final demand foods

-1.8

Finished consumer foods

-2.2

Government purchased foods

-0.2

Foods for export

0.5

Final demand energy

19.2

Finished consumer energy goods

17.7

Government purchased energy

22.3

Energy for export

41.3

Final demand goods less foods and energy

2.0

Finished goods less foods and energy

1.6

Government purchased goods, excluding foods and energy

1.0

Goods for export, excluding foods and energy

3.2

Final demand services

1.4

Final demand trade services

0.9

Trade of finished goods

1.1

Trade of government purchased goods

0.4

Trade of exports

-0.2

Final demand transportation and warehousing services

1.6

Transportation of passengers for final demand

2.5

Transportation and warehousing of goods for final demand

1.1

Final demand services less trade, transportation, and warehousing

1.6

Finished services less trade, transportation, and warehousing

1.6

Government purchased services less trade, transportation, and warehousing

1.4

Services for export less trade, transportation, and warehousing

2.5

Final demand construction

1.2

Construction for private capital investment

1.3

Construction for government

1.1

 

Note: These data are not seasonally adjusted. Producer price indexes are subject to revision 4 months after original publication.

Within final demand energy, the producer price indexes for finished consumer energy goods (17.7 percent), government purchased energy (22.3 percent), and energy for export (41.3 percent) all increased from February 2016 to February 2017.

For the year ended February 2017, the index for final demand services increased 1.4 percent. The index for trade services, which measures changes in the margins wholesalers and retailers receive, increased 0.9 percent. Prices for transportation and warehousing services increased 1.6 percent.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — February 2017" (HTML) (PDF). All producer price indexes are subject to revision once, 4 months after original publication; these revisions reflect late reports and corrections by respondents. Producer price indexes measure prices U.S. producers receive for goods, services, and construction. Also 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, Producer Price Index for final demand increased 2.2 percent for the year ended February 2017 on the Internet at https://www.bls.gov/opub/ted/2017/producer-price-index-for-final-demand-increased-2-point-2-percent-for-the-year-ended-february-2017.htm (visited April 25, 2017).

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