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Producer prices for goods up 16.3 percent over the year ended April 2022

May 24, 2022

The Producer Price Index for final demand increased 11.0 percent from April 2021 to April 2022. Producer prices for goods rose 16.3 percent, while prices for services rose 8.1 percent.

 Producer Price Index for final demand components, 12-month percent change, not seasonally adjusted, April 2022
Commodity 12-month percent change

Goods

16.3%

Foods

16.3

Fresh fruits and melons

17.3

Fresh and dry vegetables

45.7

Meats

5.1

Processed poultry

24.1

Dairy products

20.4

Soft drinks

11.4

Energy

40.0

Residential electric power

10.6

Residential natural gas

24.6

Gasoline

55.0

Jet fuel

127.5

Home heating oil and distillates

118.4

No. 2 diesel fuel

86.5

Goods less foods and energy

10.1

Industrial chemicals

22.5

Pharmaceutical preparations

1.6

Passenger cars

3.5

Trucks, 14,000 lbs. and under

5.1

Aircraft and aircraft equipment

3.3

Cigarettes, including nontobacco

8.6

Services

8.1

Trade services

15.4

Machinery and equipment and parts and supplies wholesaling

17.9

Food and alcohol retailing

9.7

Health and beauty retailing, including optical goods

1.4

Apparel, jewelry, footwear, and accessories retailing

8.6

Automobiles and automobile parts retailing

51.0

Fuels and lubricants retailing

47.3

Transportation and warehousing services

22.6

Rail transportation of freight and mail

9.7

Truck transportation of freight

27.4

Water transportation of freight

21.2

Air transportation of freight

12.8

Courier, messenger, and U.S. postal service

10.0

Airline passenger services

21.6

Less trade, transportation, and warehousing

3.2

Loan services (partial)

4.5

Securities brokerage, dealing, investment advice, and related services

-0.8

Portfolio management

-1.7

Outpatient care (partial)

2.7

Inpatient care

2.8

Traveler accommodation services

26.2

Producer prices for foods rose 16.3 percent over the year ending April 2022, while prices for energy rose 40.0 percent. Prices for goods less foods and energy rose 10.1 percent.

Producer prices for trade services rose 15.4 percent over the year ending April 2022, while prices for transportation and warehousing services rose 22.6 percent. Prices for services less trade, transportation, and warehousing rose 3.2 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — April 2022." Also see charts related to the latest "U.S. Producer Price Indexes" news release. Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision in each month after initial publication before becoming final 4 months after initial publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices for goods up 16.3 percent over the year ended April 2022 at https://www.bls.gov/opub/ted/2022/producer-prices-for-goods-up-16-3-percent-over-the-year-ended-april-2022.htm (visited December 05, 2022).

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