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Final demand goods producer prices up 2.0 percent over the year ended March 2023

April 20, 2023

The Producer Price Index for final demand increased 2.7 percent from March 2022 to March 2023. The index for final demand goods rose 2.0 percent over the year. Final demand prices for services rose 2.8 percent over the year.

Producer Price Index for final demand components, 12-month percent change, not seasonally adjusted, March 2023
Category 12-month percent change

Goods

2.0

Foods

5.1

Fresh fruits and melons

9.2

Fresh and dry vegetables

-18.0

Meats

2.0

Processed poultry

-12.4

Dairy products

-3.9

Soft drinks

14.2

Energy

-7.2

Residential electric power

9.4

Residential natural gas

7.3

Gasoline

-19.2

Jet fuel

-8.5

Home heating oil and distillates

-21.4

No. 2 diesel fuel

-19.4

Goods less foods and energy

4.3

Industrial chemicals

-7.6

Pharmaceutical preparations

2.6

Passenger cars

1.6

Trucks, 14,000 lbs. and under

6.2

Aircraft and aircraft equipment

4.3

Cigarettes, including nontobacco

13.3

Services

2.8

Trade services

2.4

Machinery and equipment and parts and supplies wholesaling

0.0

Food and alcohol retailing

18.4

Health and beauty retailing, including optical goods

8.4

Apparel, jewelry, footwear, and accessories retailing

2.8

Automobiles and automobile parts retailing

-10.5

Fuels and lubricants retailing

-16.2

Transportation and warehousing services

0.5

Rail transportation of freight and mail

6.2

Truck transportation of freight

-6.7

Water transportation of freight

22.7

Air transportation of freight

-4.3

Courier, messenger, and U.S. postal service

7.8

Airline passenger services

11.8

Less trade, transportation, and warehousing

3.1

Loan services (partial)

42.1

Securities brokerage, dealing, investment advice, and related services

31.5

Portfolio management

-12.2

Outpatient care (partial)

2.0

Inpatient care

4.7

Traveler accommodation services

2.4

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

Final demand prices for foods rose 5.1 percent over the year ended March 2023. Final demand prices for energy decreased 7.2 percent. Prices for goods less foods and energy rose 4.3 percent.

Final demand prices for trade services rose 2.4 percent over the year. Prices for transportation and warehousing services rose 0.5 percent. Prices for services less trade, transportation, and warehousing rose 3.1 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — March 2023." 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 more 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 goods producer prices up 2.0 percent over the year ended March 2023 at https://www.bls.gov/opub/ted/2023/final-demand-goods-producer-prices-up-2-0-percent-over-the-year-ended-march-2023.htm (visited April 22, 2024).

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