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Final demand producer prices up 8.3 percent for the year ended August 2021

September 16, 2021

The Producer Price Index for final demand increased 8.3 percent from August 2020 to August 2021, the largest over-the-year advance since 12-month changes were first calculated in November 2010. Prices for goods rose 12.6 percent over the year ended August 2021, while prices for services rose 6.4 percent.

PPI for final demand components, 12-month percent change, not seasonally adjusted, August 2021
Commodity 12-month percent change

Goods

12.6%

Foods

12.7

Fresh fruits and melons

-1.4

Fresh and dry vegetables

-4.9

Meats

38.4

Processed poultry

23.0

Dairy products

-0.4

Soft drinks

3.4

Energy

32.3

Residential electric power

3.9

Residential natural gas

23.0

Gasoline

75.1

Jet fuel

65.1

Home heating oil and distillates

69.3

No. 2 diesel fuel

67.2

Goods less foods and energy

7.9

Industrial chemicals

47.6

Pharmaceutical preparations

1.1

Passenger cars

3.4

Trucks, 14,000 lbs. and under

4.5

Aircraft and aircraft equipment

1.1

Cigarettes, including nontobacco

7.6

Services

6.4

Trade services

8.3

Machinery and equipment and parts and supplies wholesaling

9.8

Food and alcohol retailing

-0.2

Health and beauty retailing, including optical goods

11.0

Apparel, jewelry, footwear, and accessories retailing

15.4

Automobiles and automobile parts retailing

49.2

Fuels and lubricants retailing

-1.9

Transportation and warehousing services

15.8

Rail transportation of freight and mail

6.6

Truck transportation of freight

14.1

Water transportation of freight

5.9

Air transportation of freight

2.1

Courier, messenger, and U.S. postal service

4.8

Airline passenger services

27.6

Less trade, transportation, and warehousing

4.6

Loan services (partial)

11.3

Securities brokerage, dealing, investment advice, and related services

15.0

Portfolio management

17.7

Outpatient care (partial)

2.7

Inpatient care

2.4

Traveler accommodation services

20.8

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

For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 6.3 percent, the largest advance since 12-month data were first calculated in August 2014.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — August 2021." 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, Final demand producer prices up 8.3 percent for the year ended August 2021 at https://www.bls.gov/opub/ted/2021/final-demand-producer-prices-up-8-3-percent-for-the-year-ended-august-2021.htm (visited October 22, 2021).

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