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Producer prices for final demand up 2.1 percent for year ended January 2020

February 26, 2020

From January 2019 to January 2020, producer prices for final demand increased 2.1 percent, the largest advance since moving up 2.1 percent for the 12 months ended May 2019. For the year ended January 2020, prices for final demand goods increased 1.8 percent, while prices for final demand services increased 2.0 percent.

12-month percent change in Producer Price Index for final demand, selected commodities, January 2020, not seasonally adjusted
Category 12-month percent change

Final demand

2.1%

Final demand goods

1.8

Final demand foods

2.7

Fresh and dry vegetables

21.4

Pork

14.9

Fresh fruits and melons

-9.3

Eggs for fresh use

-22.1

Final demand energy

6.2

Gasoline

23.1

Home heating oil and distillates

12.0

Residential natural gas

-1.0

Liquefied petroleum gas

-32.5

Final demand goods less foods and energy

0.7

Mobile homes

9.4

Costume jewelry and novelties

6.7

Industrial chemicals

-5.4

Iron and steel scrap

-11.1

Final demand services

2.0

Final demand trade services

2.0

Machinery and equipment parts and supplies wholesaling

8.0

Book retailing

7.9

Fuels and lubricants retailing

-3.0

Computer hardware, software, and supplies retailing

-3.9

Final demand transportation and warehousing services

0.8

Courier, messenger, and U.S. postal services

5.0

Rail transportation of passengers

2.5

Rail transportation of freight and mail

2.1

Final demand services less trade, transportation, and warehousing

2.1

Portfolio management

15.3

Sales and subscriptions of periodicals and newspapers

7.8

Arrangement of vehicle rentals and lodging

-11.0

Securities brokerage, dealing, investment advice, and related services

-11.2

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

For the year ended January 2020, within final demand foods, prices for fresh and dry vegetables increased 21.4 percent, while prices for pork increased 14.9 percent. Over that period, prices for eggs for fresh use decreased 22.1 percent and prices for fresh fruits and melons decreased 9.3 percent.

Within energy, prices for gasoline increased 23.1 percent and prices for home heating oil and distillates increased 12.0 percent for the year ended January 2020. Prices for liquefied petroleum gas decreased 32.5 percent.

From January 2019 to January 2020, prices for final demand services less trade, transportation, and warehousing increased 2.1 percent. Producer prices for portfolio management increased 15.3 percent, while prices for sales and subscriptions of periodicals and newspapers increased 7.8 percent. Prices for securities brokerage, dealing, investment advice, and related services decreased 11.2 percent and prices for arrangement of vehicle rentals and lodging decreased 11.0 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — January 2020." 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 prices for final demand up 2.1 percent for year ended January 2020 on the Internet at http://www.bls.gov/opub/ted/2020/producer-prices-for-final-demand-up-2-point-1-percent-for-year-ended-january-2020.htm (visited August 14, 2020).

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