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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.
United States Department of Labor
