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Producer prices increased 8.5 percent from September 2021 to September 2022

October 18, 2022

The Producer Price Index for final demand increased 8.5 percent from September 2021 to September 2022. Prices for final demand less foods, energy, and trade services increased 5.6 percent.

12-month percent changes in Producer Price Indexes for final demand, September 2016 to September 2022
Month Total Total less foods, energy, and trade services Goods Foods Energy Goods less foods and energy Services Trade Transportation and warehousing Services less trade, transportation, and warehousing

Sep 2016

0.6% 1.3% -0.4% -3.1% -2.9% 0.9% 1.4% 0.8% -1.8% 1.9%

Oct 2016

1.1 1.5 0.4 -3.2 0.5 1.2 1.6 1.3 -0.9 2.1

Nov 2016

1.3 1.8 0.5 -3.5 0.2 1.5 1.7 1.4 -0.4 2.2

Dec 2016

1.7 1.8 1.9 -1.6 6.3 1.7 1.6 1.0 1.1 2.0

Jan 2017

1.7 1.7 3.1 -2.1 13.7 2.0 1.1 0.4 1.0 1.5

Feb 2017

2.0 1.8 4.0 -1.4 19.2 2.1 1.0 -0.4 1.7 1.6

Mar 2017

2.2 1.8 4.1 0.6 15.3 2.4 1.3 0.9 0.6 1.5

Apr 2017

2.5 2.0 4.1 2.2 14.1 2.4 1.7 1.1 1.7 1.9

May 2017

2.3 2.1 2.9 1.0 7.9 2.2 2.0 1.7 2.0 2.2

Jun 2017

1.9 2.1 2.2 1.1 3.8 2.1 1.7 0.6 2.2 2.2

Jul 2017

2.0 2.0 2.3 1.6 3.9 2.0 1.9 1.6 1.3 2.1

Aug 2017

2.4 1.9 3.1 2.3 8.3 2.1 2.2 2.8 1.7 1.9

Sep 2017

2.6 2.1 3.4 1.6 10.7 2.2 2.1 2.1 3.5 1.9

Oct 2017

2.8 2.4 3.2 2.6 7.9 2.3 2.4 2.6 3.5 2.2

Nov 2017

3.0 2.4 4.2 3.2 12.5 2.4 2.3 2.1 3.9 2.3

Dec 2017

2.5 2.3 3.5 2.0 10.1 2.2 2.1 1.8 2.3 2.3

Jan 2018

2.6 2.5 3.2 1.9 8.7 2.1 2.2 1.4 2.3 2.6

Feb 2018

2.8 2.7 3.1 0.6 9.0 2.2 2.7 2.6 3.1 2.7

Mar 2018

2.9 2.9 3.3 1.9 8.6 2.3 2.8 1.8 4.9 3.0

Apr 2018

2.7 2.6 3.0 -0.6 9.4 2.2 2.5 1.7 4.5 2.5

May 2018

3.1 2.7 4.3 0.6 15.9 2.5 2.4 1.4 5.0 2.6

Jun 2018

3.3 2.7 4.4 -1.1 17.5 2.6 2.7 2.4 5.6 2.5

Jul 2018

3.4 3.0 4.4 -1.3 17.0 2.8 2.7 2.0 6.2 2.7

Aug 2018

3.0 3.0 3.9 -1.1 13.9 2.8 2.5 1.2 5.8 2.7

Sep 2018

2.7 3.1 3.4 -1.2 10.0 2.8 2.5 0.9 6.1 2.8

Oct 2018

3.1 3.0 3.8 -0.6 12.6 2.7 2.6 1.6 6.6 2.7

Nov 2018

2.6 2.9 2.6 0.4 4.1 2.7 2.6 2.0 6.4 2.6

Dec 2018

2.6 2.8 1.6 2.8 -3.1 2.6 3.0 3.1 6.5 2.6

Jan 2019

1.9 2.6 0.6 1.3 -7.4 2.5 2.6 2.5 6.4 2.1

Feb 2019

1.9 2.4 0.7 1.6 -6.5 2.3 2.4 2.4 4.5 2.2

Mar 2019

2.0 2.2 1.2 0.0 -0.9 2.1 2.3 2.7 3.6 2.0

Apr 2019

2.4 2.4 1.7 1.2 1.2 1.9 2.7 3.3 3.9 2.3

May 2019

2.1 2.4 0.8 0.6 -2.2 1.6 2.7 2.7 3.9 2.5

Jun 2019

1.6 2.1 0.0 2.3 -6.8 1.3 2.3 2.2 3.1 2.3

Jul 2019

1.6 1.9 0.3 2.6 -5.3 1.2 2.3 2.7 2.9 2.1

Aug 2019

1.9 1.9 -0.1 2.3 -6.7 1.0 2.7 3.9 2.5 2.2

Sep 2019

1.5 1.7 -0.5 2.7 -8.4 0.9 2.3 3.2 1.1 2.0

Oct 2019

1.0 1.5 -0.6 3.2 -8.8 0.7 1.9 2.2 0.9 1.8

Nov 2019

1.0 1.4 0.2 3.4 -4.4 0.6 1.4 0.8 0.1 1.8

Dec 2019

1.4 1.5 1.0 1.2 2.4 0.6 1.4 0.8 2.2 1.8

Jan 2020

2.0 1.5 1.8 2.8 6.4 0.6 1.9 1.5 0.7 2.2

Feb 2020

1.1 1.4 0.6 1.1 0.1 0.6 1.4 0.7 1.0 1.7

Mar 2020

0.3 1.0 -1.7 0.7 -12.6 0.4 1.3 1.4 -1.8 1.5

Apr 2020

-1.5 -0.1 -5.2 0.3 -30.7 0.2 0.3 1.7 -5.7 0.3

May 2020

-1.1 -0.2 -3.6 6.5 -27.5 0.2 0.2 1.5 -4.9 0.1

Jun 2020

-0.7 0.1 -2.6 0.6 -17.2 0.3 0.3 1.2 -3.9 0.3

Jul 2020

-0.3 0.3 -2.2 -0.4 -14.2 0.5 0.7 1.9 -4.7 0.6

Aug 2020

-0.3 0.4 -1.6 -0.1 -12.3 0.8 0.3 1.1 -5.2 0.7

Sep 2020

0.3 0.8 -1.0 1.3 -11.7 1.1 0.9 1.7 -4.2 1.2

Oct 2020

0.6 0.9 -1.0 2.2 -12.6 1.0 1.3 2.5 -3.4 1.3

Nov 2020

0.8 1.0 -0.8 0.9 -11.0 1.3 1.6 3.1 -3.8 1.4

Dec 2020

0.8 1.3 0.0 -0.2 -6.8 1.7 1.3 1.9 -5.9 1.7

Jan 2021

1.6 1.9 1.3 1.2 -2.7 2.3 1.8 2.3 -4.1 2.3

Feb 2021

3.0 2.3 3.5 4.5 5.9 2.7 2.6 3.4 -2.9 2.8

Mar 2021

4.1 3.1 7.0 5.1 23.7 3.6 2.9 2.6 1.6 3.2

Apr 2021

6.5 4.8 10.9 7.3 48.9 4.8 4.5 3.8 9.0 4.5

May 2021

7.0 5.3 11.1 4.3 46.4 6.1 5.1 5.8 7.8 4.6

Jun 2021

7.6 5.6 11.9 10.9 36.0 7.0 5.5 6.8 8.0 4.8

Jul 2021

8.0 6.0 12.1 10.4 33.9 7.6 6.0 7.6 11.4 4.8

Aug 2021

8.7 6.2 12.7 13.0 33.0 8.0 6.8 10.0 13.2 4.7

Sep 2021

8.8 6.1 13.4 13.3 36.2 8.3 6.7 10.4 11.3 4.5

Oct 2021

8.9 6.2 14.3 10.6 43.0 8.9 6.2 9.4 10.9 4.3

Nov 2021

9.9 7.0 14.9 11.8 42.9 9.4 7.5 11.8 14.6 4.8

Dec 2021

10.0 7.0 13.4 13.1 31.6 9.3 8.4 14.2 17.0 4.8

Jan 2022

10.1 6.9 13.6 13.2 31.3 9.4 8.2 14.8 15.9 4.3

Feb 2022

10.4 6.7 14.4 14.0 33.0 9.7 8.4 16.4 16.8 3.8

Mar 2022

11.7 7.1 15.8 16.1 37.4 10.0 9.4 18.9 21.8 3.8

Apr 2022

11.2 6.8 16.4 16.3 39.8 10.2 8.3 16.7 20.6 3.1

May 2022

11.1 6.8 16.7 13.6 44.9 9.8 8.0 15.3 23.4 3.0

Jun 2022

11.3 6.4 17.6 12.5 52.8 9.2 7.9 15.4 22.8 2.8

Jul 2022

9.8 5.8 14.7 15.2 35.7 8.5 7.1 14.4 18.9 2.3

Aug 2022

8.7 5.6 12.2 13.0 26.3 8.1 6.5 12.5 16.9 2.4

Sep 2022

8.5 5.6 11.3 11.9 24.2 7.5 6.8 12.7 17.8 2.7

For the year ending in September 2022, producer prices for goods rose 11.3 percent, while producer prices for services went up 6.8 percent. Producer prices for foods went up 11.9 percent, while producer prices for energy rose 24.2 percent. Producer prices for transportation and warehousing rose 17.8 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — September 2022." Producer price indexes measure prices that 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. We also have 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 increased 8.5 percent from September 2021 to September 2022 at https://www.bls.gov/opub/ted/2022/producer-prices-increased-8-5-percent-from-september-2021-to-september-2022.htm (visited December 01, 2022).

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