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Producer prices for final demand down 0.4 percent for the year ended July 2020

August 17, 2020

Producer prices for final demand moved down 0.4 percent for the 12 months ended in July 2020.

12-month percent change in Producer Price Index for final demand, January 2011 to July 2020
Month 12-month percent change

Jan 2011

2.5%

Feb 2011

3.3

Mar 2011

3.9

Apr 2011

4.0

May 2011

4.1

Jun 2011

4.4

Jul 2011

4.4

Aug 2011

4.4

Sep 2011

4.5

Oct 2011

3.7

Nov 2011

3.7

Dec 2011

3.3

Jan 2012

3.1

Feb 2012

2.8

Mar 2012

2.3

Apr 2012

2.1

May 2012

1.7

Jun 2012

1.3

Jul 2012

1.0

Aug 2012

1.1

Sep 2012

1.4

Oct 2012

1.9

Nov 2012

1.7

Dec 2012

1.8

Jan 2013

1.7

Feb 2013

1.6

Mar 2013

1.4

Apr 2013

0.9

May 2013

0.9

Jun 2013

1.6

Jul 2013

1.9

Aug 2013

1.7

Sep 2013

1.0

Oct 2013

1.1

Nov 2013

1.2

Dec 2013

1.3

Jan 2014

1.3

Feb 2014

1.3

Mar 2014

1.7

Apr 2014

1.9

May 2014

2.2

Jun 2014

1.7

Jul 2014

1.9

Aug 2014

1.8

Sep 2014

1.6

Oct 2014

1.6

Nov 2014

1.3

Dec 2014

0.9

Jan 2015

0.0

Feb 2015

-0.6

Mar 2015

-0.8

Apr 2015

-1.1

May 2015

-0.9

Jun 2015

-0.5

Jul 2015

-0.7

Aug 2015

-0.9

Sep 2015

-1.1

Oct 2015

-1.5

Nov 2015

-1.3

Dec 2015

-1.1

Jan 2016

-0.1

Feb 2016

0.1

Mar 2016

-0.1

Apr 2016

0.2

May 2016

0.1

Jun 2016

0.3

Jul 2016

0.0

Aug 2016

0.0

Sep 2016

0.7

Oct 2016

1.2

Nov 2016

1.3

Dec 2016

1.6

Jan 2017

1.7

Feb 2017

2.0

Mar 2017

2.2

Apr 2017

2.5

May 2017

2.3

Jun 2017

1.8

Jul 2017

2.0

Aug 2017

2.5

Sep 2017

2.5

Oct 2017

2.7

Nov 2017

2.9

Dec 2017

2.6

Jan 2018

2.6

Feb 2018

2.9

Mar 2018

2.9

Apr 2018

2.7

May 2018

3.0

Jun 2018

3.3

Jul 2018

3.4

Aug 2018

3.0

Sep 2018

2.8

Oct 2018

3.2

Nov 2018

2.7

Dec 2018

2.6

Jan 2019

1.9

Feb 2019

1.8

Mar 2019

2.0

Apr 2019

2.3

May 2019

2.1

Jun 2019

1.6

Jul 2019

1.7

Aug 2019

1.8

Sep 2019

1.4

Oct 2019

1.0

Nov 2019

1.0

Dec 2019

1.4

Jan 2020

1.9

Feb 2020

1.2

Mar 2020

0.3

Apr 2020

-1.0

May 2020

-0.8

Jun 2020

-0.8

Jul 2020

-0.4

The over-the-year decrease in final demand producer prices was led by a 2.0-percent decline in prices for final demand goods. Prices for final demand services increased, over-the-year, by 0.3 percent.

Producer prices for final demand components, 12-month percent change, not seasonally adjusted, July 2020
Commodity 12-month percent change

Goods

-2.0%

Foods

0.0

Fresh fruits and melons

14.5

Fresh and dry vegetables

-9.9

Meats

-2.2

Processed poultry

-1.0

Dairy products

2.5

Soft drinks

2.2

Energy

-13.5

Residential electric power

-1.3

Residential natural gas

-0.6

Gasoline

-31.3

Jet fuel

-40.0

Home heating oil and distillates

-8.9

No. 2 diesel fuel

-17.5

Goods less foods and energy

0.5

Industrial chemicals

-12.7

Pharmaceutical preparations

2.4

Passenger cars

-0.4

Trucks, 14,000 lbs. and under

-0.2

Aircraft and aircraft equipment

1.3

Cigarettes, including nontobacco

6.3

Services

0.3

Trade services

1.2

Machinery and equipment and parts and supplies wholesaling

-1.8

Food and alcohol retailing

2.2

Health and beauty retailing, including optical goods

-2.5

Apparel, jewelry, footwear, and accessories retailing

-5.6

Automobiles and automobile parts retailing

10.1

Fuels and lubricants retailing

26.2

Transportation and warehousing services

-5.5

Rail transportation of freight and mail

-1.9

Truck transportation of freight

-2.5

Water transportation of freight

-5.6

Air transportation of freight

4.0

Courier, messenger, and U.S. postal service

2.7

Airline passenger services

-14.8

Less trade, transportation, and warehousing

0.4

Loan services (partial)

-19.5

Securities brokerage, dealing, investment advice, and related services

-17.7

Portfolio management

4.9

Outpatient care (partial)

2.0

Inpatient care

3.7

Traveler accommodation services

-20.8

Note: All data are subject to revision 4 months after originally published.

Within final demands goods, decreases in energy prices outweighed more modest increases in prices for foods and prices for goods less food and energy. Jet fuel and gasoline had the largest over-the-year decreases at 40 and 31.3-percent respectively.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — July 2020." We also have "more charts on producer prices." Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision 4 months after initial publication.

 

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices for final demand down 0.4 percent for the year ended July 2020 at https://www.bls.gov/opub/ted/2020/producer-prices-for-final-demand-down-0-4-percent-for-the-year-ended-july-2020.htm (visited September 18, 2021).

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