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Producer prices for lumber up 89.7 percent for the year ended April 2021

May 20, 2021

The Producer Price Index for final demand increased 6.2 percent from April 2020 to April 2021. Producer prices for lumber rose 89.7 percent for the year ended April 2021, the largest 12-month advance since the data were first collected in January 1927.

Producer Price Index for selected commodities, January 2018–April 2021
Month Processed goods for intermediate demand: index Processed goods for intermediate demand: 12-month percent change Lumber and wood products: index Lumber and wood products: 12-month percent change Lumber: index Lumber: 12-month percent change Softwood lumber: index Softwood lumber: 12-month percent change Hardwood lumber: index Hardwood lumber: 12-month percent change

Jan 2018

100.0 4.7% 100.0 6.2% 100.0 10.9% 100.0 14.5% 100.0 5.4%

Feb 2018

100.8 4.8 102.1 7.2 105.2 12.8 106.9 17.0 102.0 5.9

Mar 2018

101.0 4.8 103.1 7.5 106.7 13.5 109.0 17.5 102.3 6.5

Apr 2018

101.6 4.8 103.2 6.6 105.8 10.4 107.3 11.3 103.1 8.5

May 2018

103.2 6.2 105.2 8.5 110.7 14.2 113.9 16.6 104.9 9.6

Jun 2018

104.1 6.6 106.6 10.0 113.0 17.8 117.3 23.4 105.0 7.7

Jul 2018

104.2 6.7 105.7 9.0 110.1 14.3 113.9 19.2 103.0 5.7

Aug 2018

104.3 6.4 103.8 6.3 102.8 4.3 103.3 5.1 102.0 2.9

Sep 2018

104.6 6.0 102.9 5.4 101.2 3.3 101.9 4.5 99.9 1.1

Oct 2018

104.7 6.1 101.1 2.3 95.1 -4.2 91.9 -8.2 100.9 3.0

Nov 2018

103.5 4.5 99.7 0.8 92.9 -6.9 89.1 -10.9 99.7 0.5

Dec 2018

102.0 2.8 99.8 0.5 93.7 -5.5 90.1 -9.2 100.5 1.0

Jan 2019

101.2 1.2 99.8 -0.2 93.2 -6.8 89.6 -10.4 100.0 0.0

Feb 2019

101.4 0.6 100.6 -1.5 95.8 -8.9 94.0 -12.0 99.1 -2.9

Mar 2019

102.1 1.2 100.4 -2.6 94.8 -11.2 92.8 -14.9 98.4 -3.7

Apr 2019

102.5 0.9 100.7 -2.4 94.4 -10.8 91.9 -14.4 99.0 -4.0

May 2019

102.5 -0.7 100.3 -4.6 93.6 -15.4 91.8 -19.4 96.9 -7.6

Jun 2019

101.7 -2.3 99.4 -6.8 91.3 -19.2 88.7 -24.4 96.1 -8.5

Jul 2019

101.8 -2.3 99.7 -5.7 93.2 -15.4 91.9 -19.3 95.5 -7.3

Aug 2019

101.2 -3.0 99.2 -4.3 92.7 -9.8 92.4 -10.6 93.3 -8.5

Sep 2019

100.9 -3.5 99.4 -3.4 93.6 -7.5 94.2 -7.6 92.5 -7.4

Oct 2019

100.7 -3.8 99.2 -1.9 92.6 -2.6 93.1 1.2 91.7 -9.1

Nov 2019

100.5 -2.9 99.1 -0.6 92.5 -0.4 93.5 4.9 90.7 -9.1

Dec 2019

100.3 -1.7 99.2 -0.5 93.2 -0.6 94.6 5.0 90.7 -9.8

Jan 2020

100.2 -1.0 99.3 -0.5 93.0 -0.2 94.9 5.9 89.8 -10.2

Feb 2020

99.4 -2.0 100.3 -0.3 95.5 -0.3 98.5 4.8 90.1 -9.1

Mar 2020

98.1 -4.0 101.8 1.3 98.6 4.0 103.1 11.2 90.2 -8.4

Apr 2020

94.7 -7.6 99.7 -1.0 90.8 -3.8 91.0 -0.9 90.3 -8.7

May 2020

95.1 -7.2 100.2 -0.2 93.7 0.1 95.4 4.0 90.6 -6.5

Jun 2020

96.6 -5.0 102.5 3.1 99.9 9.5 105.4 18.9 89.9 -6.5

Jul 2020

98.1 -3.7 105.6 5.9 107.0 14.9 116.3 26.4 90.0 -5.7

Aug 2020

98.9 -2.3 111.7 12.5 119.9 29.3 135.9 47.1 90.7 -2.8

Sep 2020

99.3 -1.6 120.4 21.1 142.9 52.7 171.1 81.6 91.2 -1.4

Oct 2020

99.8 -0.9 117.7 18.7 133.7 44.4 156.4 68.1 92.0 0.3

Nov 2020

100.4 -0.2 112.3 13.3 117.3 26.8 128.4 37.3 96.9 6.9

Dec 2020

101.8 1.5 115.8 16.6 129.4 38.8 145.9 54.3 99.1 9.2

Jan 2021

103.3 3.1 122.0 22.8 142.4 53.1 164.1 73.0 102.7 14.5

Feb 2021

105.9 6.6 125.5 25.1 151.8 58.9 177.1 79.7 105.3 16.9

Mar 2021

110.4 12.5 131.1 28.8 162.9 65.3 189.1 83.4 114.8 27.3

Apr 2021

112.1 18.4 136.0 36.5 172.2 89.7 201.3 121.1 118.9 31.6

Note: January 2018 = 100

Within lumber, producer prices for softwood lumber increased 121.1 percent, while producer prices for hardwood lumber rose 31.6 percent from April 2020 to April 2021. Producer prices for processed goods for intermediate demand increased 18.4 percent, the largest 12-month advance since February 1980.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — April 2021." Producer price indexes measure prices U.S. producers receive for goods, services, and construction. Processed goods for intermediate demand are commodities businesses sell to other businesses. All producer price data are subject to revision once, 4 months after initial publication. 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 lumber up 89.7 percent for the year ended April 2021 at https://www.bls.gov/opub/ted/2021/producer-prices-for-lumber-up-89-7-percent-for-the-year-ended-april-2021.htm (visited July 29, 2021).

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