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Producer prices for services rose 2.3 percent for the year ended June 2023
July 19, 2023
Producer prices for final demand advanced 0.1 percent for the year ended June 2023. Producer prices for services rose 2.3 percent from June 2022 to June 2023. Producer prices for services less trade, transportation, and warehousing rose 3.9 percent over the year.
Producer Price Index for final demand, 12-month percent change, June 2018–June 2023, not seasonally adjusted
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
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
11.2
6.4
17.6
12.5
52.9
9.2
7.8
14.8
22.9
2.8
Jul 2022
9.7
5.8
14.7
15.1
35.8
8.5
6.9
13.8
19.1
2.3
Aug 2022
8.7
5.6
12.3
12.8
26.6
8.1
6.5
12.5
16.8
2.5
Sep 2022
8.5
5.6
11.3
12.0
24.0
7.5
6.7
12.4
17.8
2.7
Oct 2022
8.2
5.5
10.5
13.0
21.3
6.7
6.7
11.9
16.9
3.0
Nov 2022
7.4
4.9
9.6
15.3
16.3
6.1
6.0
10.7
12.9
2.9
Dec 2022
6.4
4.7
7.9
14.3
9.4
5.8
5.3
9.2
10.8
2.8
Jan 2023
5.7
4.4
7.7
11.2
11.1
5.6
4.5
6.9
10.5
2.6
Feb 2023
4.7
4.5
5.3
6.7
4.6
5.1
4.2
5.0
7.8
3.3
Mar 2023
2.7
3.7
1.9
4.5
-7.2
4.3
2.7
2.1
1.3
3.2
Apr 2023
2.1
3.3
0.7
2.4
-8.4
3.3
2.6
1.6
-3.1
3.8
May 2023
0.9
2.8
-2.4
0.2
-18.3
2.6
2.4
1.8
-6.0
3.7
Jun 2023
0.1
2.6
-4.4
0.2
-23.9
2.0
2.3
1.5
-7.7
3.9
Producer prices for final demand less foods, energy, and trade services rose 2.6 percent for the year ended June 2023. Producer prices increased 1.5 percent for trade services and 0.2 percent for foods, while decreasing 23.9 percent for energy. Producer prices for goods less foods and energy rose 2.0 percent from June 2022 to June 2023.
These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — June 2023." 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. We also have charts related to the latest Producer Price Indexes news release.
United States Department of Labor
