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Producer prices up 1.3 percent from October 2022 to October 2023

November 24, 2023

The Producer Price Index for final demand rose 1.3 percent from October 2022 to October 2023, compared with an 8.2-percent increase for the year ended in October 2022, and an 8.9-percent increase for the year ended in October 2021. From October 2022 to October 2023, producer prices for goods fell 1.1 percent, while producer prices for services increased 2.6 percent. Construction prices rose 0.7 percent over the same period.

12-month percent change in Producer Price Indexes for final demand, selected categories
Category October 2019 to October 2020 October 2020 to October 2021 October 2021 to October 2022 October 2022 to October 2023

Total

0.6 8.9 8.2 1.3

Goods

-1.0 14.3 10.5 -1.1

Foods

2.2 10.6 13.0 -2.3

Energy

-12.6 43.0 21.3 -9.4

Goods less foods and energy

1.0 8.9 6.7 2.0

Services

1.3 6.2 6.7 2.6

Trade

2.5 9.4 11.9 0.8

Transportation and warehousing

-3.4 10.9 16.9 -3.7

Services less trade, transportation, and warehousing

1.3 4.3 3.0 4.3

Construction

1.2 11.8 19.0 0.7

Note: Data are not seasonally adjusted.

Within goods, producer prices for foods decreased 2.3 percent from October 2022 to October 2023. This was the largest 12-month decrease since November 2016, when foods prices fell 3.5 percent over the year.

12-month percent change in Producer Price Indexes, selected foods components, January 2011–October 2023
Month Total Foods Fresh fruits and melons Fresh and dry vegetables Grains Bakery products Milled rice

Jan 2011

2.4 6.1 -8.0 23.8 57.6 1.3 6.1

Feb 2011

3.3 9.9 -18.0 73.9 84.5 1.1 3.5

Mar 2011

4.0 6.6 -17.7 -9.3 72.6 2.0 4.5

Apr 2011

4.2 8.1 -5.2 -23.8 97.3 2.5 5.9

May 2011

4.2 6.8 -20.2 -17.9 85.5 2.9 4.6

Jun 2011

4.3 10.6 7.3 23.9 105.9 3.4 8.6

Jul 2011

4.5 10.1 4.2 3.7 83.7 4.6 13.6

Aug 2011

4.4 11.2 3.1 6.3 74.8 4.8 17.3

Sep 2011

4.5 10.6 13.2 12.4 52.6 4.8 25.5

Oct 2011

3.7 8.3 8.2 17.2 22.2 5.5 19.2

Nov 2011

3.7 7.7 0.4 35.3 19.9 5.3 3.0

Dec 2011

3.2 5.7 -13.2 -1.6 4.8 4.9 1.8

Jan 2012

3.1 5.1 -13.5 -21.6 7.4 4.6 0.0

Feb 2012

2.8 1.2 1.0 -50.9 -5.3 5.0 2.5

Mar 2012

2.4 2.6 4.5 -29.6 4.8 4.2 -0.5

Apr 2012

2.0 1.9 0.9 -11.9 -11.0 3.8 1.3

May 2012

1.6 2.7 5.5 2.9 -12.0 3.4 4.5

Jun 2012

1.3 2.2 -2.6 -11.0 -17.4 3.4 3.6

Jul 2012

1.0 3.0 -4.3 -9.3 6.9 2.6 1.9

Aug 2012

1.2 3.1 -2.2 -0.8 9.9 2.5 2.8

Sep 2012

1.5 2.9 5.4 -15.9 8.4 2.1 -1.6

Oct 2012

1.9 3.8 7.9 -21.9 16.8 1.5 -1.6

Nov 2012

1.7 3.6 5.6 -21.6 13.8 1.2 -1.4

Dec 2012

1.9 4.1 7.9 -16.6 22.4 1.5 -1.8

Jan 2013

1.6 4.1 6.0 27.5 14.5 1.8 0.5

Feb 2013

1.6 3.3 3.8 12.4 11.0 1.9 3.4

Mar 2013

1.3 3.7 10.0 21.0 9.9 2.3 6.7

Apr 2013

0.9 2.2 -3.4 14.9 3.6 2.2 7.6

May 2013

0.9 3.5 8.5 18.3 11.8 2.2 5.8

Jun 2013

1.7 3.2 0.8 15.6 14.1 2.0 6.6

Jul 2013

2.0 2.2 0.9 24.5 -7.8 2.1 6.7

Aug 2013

1.7 0.5 1.2 47.1 -25.4 2.6 3.8

Sep 2013

1.1 -0.3 3.2 29.2 -30.8 2.4 3.1

Oct 2013

1.3 -0.2 0.5 51.7 -35.0 3.2 1.7

Nov 2013

1.1 -0.9 -2.7 34.2 -35.7 2.3 1.4

Dec 2013

1.2 -0.8 -5.2 22.5 -35.4 2.5 2.4

Jan 2014

1.3 -0.7 -0.2 -5.9 -36.4 2.8 3.5

Feb 2014

1.2 0.7 2.5 13.6 -32.5 1.3 3.2

Mar 2014

1.6 1.2 -9.3 -5.5 -29.8 1.0 4.0

Apr 2014

1.8 5.1 3.5 7.1 -19.2 1.2 5.7

May 2014

2.1 3.6 1.2 0.4 -22.1 1.0 5.2

Jun 2014

1.8 3.8 8.1 8.4 -30.6 1.8 4.9

Jul 2014

1.9 3.6 8.9 -5.7 -38.2 1.7 4.2

Aug 2014

1.9 3.8 9.2 -25.3 -29.6 1.2 4.2

Sep 2014

1.6 3.9 -1.7 -10.8 -25.7 1.5 1.1

Oct 2014

1.5 4.3 1.1 -7.2 -21.2 1.0 1.4

Nov 2014

1.3 4.4 0.9 4.1 -14.9 1.6 1.2

Dec 2014

0.9 4.4 10.1 14.1 -10.4 1.2 0.6

Jan 2015

0.0 2.6 2.0 15.5 -11.3 0.7 -3.2

Feb 2015

-0.5 0.6 -0.6 -3.0 -12.8 2.1 -5.0

Mar 2015

-0.9 -1.6 -0.8 -4.0 -18.4 2.0 -7.7

Apr 2015

-1.1 -4.5 -4.1 -1.7 -24.2 1.8 -11.4

May 2015

-0.8 -3.0 -2.4 4.9 -27.1 1.9 -11.0

Jun 2015

-0.5 -2.7 -9.4 -8.6 -17.9 1.7 -11.2

Jul 2015

-0.7 -3.3 -11.1 3.0 3.8 1.4 -10.6

Aug 2015

-1.0 -2.6 -5.6 5.0 -2.6 1.4 -11.6

Sep 2015

-1.1 -3.0 -0.6 14.8 -0.6 1.3 -7.8

Oct 2015

-1.4 -4.2 5.9 3.8 2.4 1.0 -6.5

Nov 2015

-1.3 -4.3 19.4 -5.6 -7.1 1.4 -6.0

Dec 2015

-1.1 -5.2 3.7 16.5 -8.3 1.1 -6.0

Jan 2016

0.0 -3.5 16.7 26.4 -10.4 0.8 -3.7

Feb 2016

0.1 -2.0 25.7 24.1 -11.3 1.1 -4.4

Mar 2016

-0.1 -2.5 15.8 8.8 -9.5 1.7 -2.6

Apr 2016

0.2 -2.1 15.8 0.6 -9.2 1.7 -4.0

May 2016

0.0 -2.5 15.7 4.9 -4.0 1.6 -4.1

Jun 2016

0.2 -2.4 20.0 8.3 5.5 1.2 -3.5

Jul 2016

0.0 -2.6 15.3 6.8 -19.6 1.4 -3.8

Aug 2016

0.0 -4.1 8.3 -4.5 -16.0 0.9 -2.7

Sep 2016

0.6 -3.1 6.8 -4.8 -18.9 0.5 -5.6

Oct 2016

1.1 -3.2 0.7 -7.8 -16.8 0.7 -8.0

Nov 2016

1.3 -3.5 5.5 -16.2 -10.9 0.2 -7.9

Dec 2016

1.7 -1.6 0.1 -28.2 -11.4 0.3 -8.9

Jan 2017

1.7 -2.1 -4.7 -38.0 -5.5 0.7 -8.8

Feb 2017

2.0 -1.4 -6.5 -13.6 -1.0 0.3 -8.7

Mar 2017

2.2 0.6 6.7 5.6 -4.5 0.0 -9.9

Apr 2017

2.5 2.2 26.1 41.5 -2.8 -0.1 -6.9

May 2017

2.3 1.0 9.3 6.8 -4.1 0.1 -7.1

Jun 2017

1.9 1.1 7.1 1.0 -11.6 0.1 -6.1

Jul 2017

2.0 1.6 13.6 -1.2 15.4 0.3 -4.1

Aug 2017

2.4 2.3 8.5 7.3 7.4 0.9 -0.8

Sep 2017

2.6 1.6 12.8 6.2 8.3 1.1 2.2

Oct 2017

2.8 2.6 5.0 25.2 5.5 1.4 4.8

Nov 2017

3.0 3.2 -0.4 39.8 2.7 1.6 6.6

Dec 2017

2.5 2.0 6.5 28.2 0.2 1.6 7.8

Jan 2018

2.6 1.9 10.6 30.9 1.8 1.3 8.1

Feb 2018

2.8 0.6 3.0 -15.9 3.5 2.2 11.5

Mar 2018

2.9 1.9 -2.5 3.3 10.6 2.3 14.1

Apr 2018

2.7 -0.6 -17.5 -33.9 11.6 2.5 15.1

May 2018

3.1 0.6 -1.9 -4.5 13.4 2.7 16.7

Jun 2018

3.3 -1.1 1.9 -10.4 6.9 2.5 15.7

Jul 2018

3.4 -1.3 5.8 -12.9 -9.6 2.6 14.7

Aug 2018

3.0 -1.1 0.1 -1.5 8.1 2.4 11.0

Sep 2018

2.7 -1.2 -4.1 -12.7 6.9 2.5 8.6

Oct 2018

3.1 -0.6 -5.6 -14.7 7.7 2.7 6.9

Nov 2018

2.6 0.4 -15.0 9.6 10.7 3.4 4.7

Dec 2018

2.6 2.8 6.4 53.2 13.4 2.9 4.8

Jan 2019

1.9 1.3 -3.9 10.7 6.5 3.3 5.1

Feb 2019

1.9 1.6 -2.4 31.8 3.8 2.4 2.2

Mar 2019

2.0 0.0 -0.8 16.3 -6.1 2.3 1.6

Apr 2019

2.4 1.2 -6.5 25.0 -6.7 2.1 0.9

May 2019

2.1 0.6 -15.8 9.6 -8.0 1.9 -0.2

Jun 2019

1.6 2.3 -6.1 32.3 9.5 2.1 -0.7

Jul 2019

1.6 2.6 -15.8 43.3 21.4 1.9 -1.2

Aug 2019

1.9 2.3 -10.1 12.3 0.6 2.0 -1.1

Sep 2019

1.5 2.7 -10.9 8.3 2.4 1.8 0.0

Oct 2019

1.0 3.2 1.0 27.2 10.4 1.2 1.4

Nov 2019

1.0 3.4 4.6 3.6 6.4 0.7 1.7

Dec 2019

1.4 1.2 -4.5 -25.2 1.3 1.1 1.8

Jan 2020

2.0 2.8 -9.3 22.5 10.1 0.7 2.8

Feb 2020

1.1 1.1 -5.4 -1.1 4.5 0.5 3.8

Mar 2020

0.3 0.7 -2.0 -15.6 8.3 0.7 5.1

Apr 2020

-1.5 0.3 -8.2 -6.1 -4.9 1.1 6.2

May 2020

-1.1 6.5 7.1 -9.3 -8.0 1.3 7.6

Jun 2020

-0.7 0.6 1.7 -2.9 -18.6 1.0 9.4

Jul 2020

-0.3 -0.4 14.5 -9.9 -20.5 0.4 10.2

Aug 2020

-0.3 -0.1 14.3 3.1 -12.6 0.6 10.0

Sep 2020

0.3 1.3 20.1 24.3 1.3 -0.9 9.5

Oct 2020

0.6 2.2 12.7 22.5 1.2 -1.6 8.1

Nov 2020

0.8 0.9 -3.2 6.9 10.9 -1.6 7.6

Dec 2020

0.8 -0.2 -11.7 -8.7 14.6 -1.2 7.0

Jan 2021

1.6 1.2 11.0 -19.5 28.4 -1.0 5.2

Feb 2021

3.0 4.5 10.6 -4.3 39.3 -0.6 4.2

Mar 2021

4.1 5.1 -0.2 -10.8 40.8 -0.4 2.1

Apr 2021

6.5 7.3 23.0 -17.1 67.8 -0.3 1.5

May 2021

7.0 4.3 7.3 -13.2 117.4 -0.8 1.4

Jun 2021

7.6 10.9 3.7 -20.9 93.8 -0.5 0.8

Jul 2021

8.0 10.4 -5.1 -17.3 87.0 0.2 0.2

Aug 2021

8.7 13.0 -1.3 -7.2 98.3 0.5 1.7

Sep 2021

8.8 13.3 -10.5 1.8 55.1 3.0 3.2

Oct 2021

8.9 10.6 -8.1 -5.5 40.1 3.8 4.9

Nov 2021

9.9 11.8 24.3 12.7 38.2 4.7 6.1

Dec 2021

10.0 13.1 16.4 20.7 43.7 5.1 7.0

Jan 2022

10.1 13.2 9.1 8.0 22.0 7.4 8.0

Feb 2022

10.4 14.0 13.3 17.7 20.2 9.3 12.8

Mar 2022

11.7 16.1 18.5 81.5 40.0 9.1 14.4

Apr 2022

11.2 16.3 17.5 45.7 41.0 9.8 14.8

May 2022

11.1 13.6 18.5 41.7 12.9 11.1 15.7

Jun 2022

11.2 12.5 13.7 39.5 23.8 11.1 15.6

Jul 2022

9.7 15.1 21.2 61.5 12.2 13.0 18.9

Aug 2022

8.7 12.8 22.2 45.2 8.9 14.5 19.5

Sep 2022

8.5 12.0 21.1 40.2 30.4 14.1 20.5

Oct 2022

8.2 13.0 34.8 45.7 28.6 14.1 21.1

Nov 2022

7.4 15.3 15.8 80.5 19.3 14.5 21.0

Dec 2022

6.4 14.3 13.3 92.3 9.7 13.8 22.9

Jan 2023

5.7 11.2 15.1 32.5 8.2 11.8 26.2

Feb 2023

4.7 6.7 2.8 26.1 7.5 9.9 21.9

Mar 2023

2.7 4.5 8.3 -18.1 -14.8 9.9 21.6

Apr 2023

2.3 2.5 2.3 50.8 -15.0 9.0 20.2

May 2023

1.1 0.6 0.9 22.7 -20.1 8.4 17.0

Jun 2023

0.3 0.4 4.6 21.7 -20.3 8.4 15.6

Jul 2023

1.2 -0.5 -7.8 11.9 -19.1 6.5 11.1

Aug 2023

2.1 -0.7 -4.0 -2.7 -23.1 4.9 8.1

Sep 2023

2.2 -1.4 -2.6 -27.6 -33.0 5.2 3.0

Oct 2023

1.3 -2.3 -18.1 -41.8 -32.1 4.9 0.0

Note: Data are not seasonally adjusted.

12-month percent change in Producer Price Indexes, selected foods components, January 2011–October 2023 (continued)
Month Finfish and shellfish Dairy products Processed fruits and vegetables Confectionery end products Soft drinks Shortening and cooking oils Frozen specialty food

Jan 2011

12.0 2.8 -0.3 2.1 0.7 22.5 0.7

Feb 2011

8.7 7.3 0.4 3.0 0.8 32.7 1.2

Mar 2011

1.1 14.1 0.6 2.4 1.1 32.9 1.6

Apr 2011

10.7 15.3 1.5 5.2 -0.8 33.3 1.8

May 2011

2.5 15.5 1.4 5.2 -0.1 33.9 2.3

Jun 2011

6.8 16.9 2.2 6.2 1.0 33.9 2.5

Jul 2011

8.6 18.0 4.4 7.0 2.1 34.0 2.7

Aug 2011

6.3 18.2 5.4 7.2 2.5 33.7 2.8

Sep 2011

6.3 13.6 6.5 7.2 4.0 35.1 2.8

Oct 2011

0.6 8.7 7.0 6.6 2.8 25.6 2.6

Nov 2011

2.8 8.7 8.1 6.7 2.7 17.2 3.2

Dec 2011

1.8 11.9 7.8 6.8 3.1 15.6 3.2

Jan 2012

1.5 11.2 7.3 7.2 2.7 9.6 3.2

Feb 2012

1.4 3.6 7.4 6.3 3.2 0.7 3.1

Mar 2012

2.7 -2.3 7.2 6.8 2.2 -1.6 2.8

Apr 2012

0.0 -3.7 6.4 4.0 6.2 -1.5 2.5

May 2012

-1.9 -5.0 6.5 4.5 4.0 -3.3 1.9

Jun 2012

1.6 -8.3 6.0 4.1 3.0 -3.7 1.7

Jul 2012

-2.2 -9.3 4.6 2.9 2.6 -3.6 1.4

Aug 2012

-0.4 -8.3 3.9 2.8 2.8 -6.0 1.3

Sep 2012

1.0 -4.4 3.3 2.4 2.0 -5.7 1.4

Oct 2012

1.0 2.1 3.2 3.1 2.9 -2.2 1.8

Nov 2012

-1.3 4.5 1.8 2.6 2.7 -3.0 1.4

Dec 2012

-3.7 3.8 2.4 2.3 3.0 -5.5 1.3

Jan 2013

-0.5 2.1 1.8 2.6 3.0 -4.2 1.1

Feb 2013

0.8 3.6 1.4 2.7 1.5 -4.0 0.9

Mar 2013

1.0 4.6 1.3 2.8 2.6 -4.2 0.8

Apr 2013

0.1 5.8 1.3 2.4 1.2 -6.0 1.4

May 2013

7.8 8.1 1.5 1.9 -1.2 -7.4 1.5

Jun 2013

3.4 8.4 1.5 2.5 -0.2 -6.8 1.5

Jul 2013

4.8 6.5 1.0 3.3 -0.3 -5.3 1.5

Aug 2013

3.2 3.9 -0.3 3.4 0.1 -5.4 1.4

Sep 2013

5.0 1.7 -0.2 3.7 -0.3 -6.5 1.2

Oct 2013

8.7 -0.7 -0.6 3.1 -0.6 -7.4 1.0

Nov 2013

10.4 -1.1 -0.7 3.8 -0.5 -7.5 0.9

Dec 2013

5.5 1.3 -1.0 3.8 -0.2 -8.5 0.9

Jan 2014

18.3 7.0 -1.1 3.1 -1.5 -8.5 0.9

Feb 2014

7.6 12.0 -0.9 2.5 -0.2 -9.6 0.9

Mar 2014

4.9 13.9 -0.9 3.2 -0.2 -11.5 0.8

Apr 2014

14.1 15.3 -0.6 3.3 -0.7 -7.4 0.5

May 2014

3.2 12.2 -0.7 3.2 1.7 -6.2 0.8

Jun 2014

3.5 10.5 -0.5 2.6 1.7 -6.0 0.6

Jul 2014

11.3 11.2 -0.4 2.4 1.5 -7.9 1.6

Aug 2014

6.6 12.4 0.9 2.4 1.2 -6.5 2.1

Sep 2014

7.8 14.8 1.2 3.3 1.3 -7.2 2.1

Oct 2014

6.6 13.3 1.6 3.8 0.5 -6.7 2.4

Nov 2014

1.6 8.2 1.9 3.8 0.7 -6.1 2.4

Dec 2014

7.3 1.8 1.8 3.7 0.6 -3.8 2.8

Jan 2015

6.5 -7.3 2.8 3.5 1.8 -5.8 2.5

Feb 2015

5.2 -12.8 2.9 4.2 1.1 -4.0 2.4

Mar 2015

1.0 -14.7 3.8 3.4 0.6 -2.0 1.4

Apr 2015

-5.5 -16.2 2.5 3.6 0.3 -6.5 0.7

May 2015

11.3 -14.2 2.4 3.5 1.1 -5.4 0.5

Jun 2015

1.7 -12.1 2.4 3.5 0.4 -5.3 0.3

Jul 2015

-1.3 -12.5 2.3 3.2 0.9 -4.6 -0.1

Aug 2015

-0.5 -13.8 1.3 3.2 0.4 -5.7 -0.4

Sep 2015

-6.4 -14.7 1.3 2.3 1.8 -5.3 -0.3

Oct 2015

-4.4 -14.0 1.3 1.5 1.5 -5.2 -0.5

Nov 2015

-3.4 -11.1 1.3 0.0 1.1 -4.7 -0.6

Dec 2015

-5.5 -7.7 0.7 0.2 1.9 -5.1 -2.0

Jan 2016

-11.3 -3.8 -0.3 0.3 6.0 -4.2 -1.9

Feb 2016

0.5 -2.0 0.4 -1.0 5.0 -3.3 -2.0

Mar 2016

5.5 -1.8 -0.8 -0.9 5.4 -3.5 -0.8

Apr 2016

4.9 -2.0 0.0 -0.9 5.7 -1.6 -0.6

May 2016

-5.9 -4.0 -0.1 -2.9 4.5 -2.2 -0.8

Jun 2016

2.5 -4.4 -0.3 -2.7 5.3 -0.5 0.3

Jul 2016

-1.5 -1.9 0.2 -2.2 4.8 -1.2 -1.2

Aug 2016

-0.1 1.1 1.1 -2.3 4.8 0.6 -1.4

Sep 2016

5.9 0.9 1.0 -2.2 4.0 0.9 -1.3

Oct 2016

4.6 -1.8 1.3 -1.6 2.5 3.1 -1.5

Nov 2016

6.7 -1.7 1.6 -2.6 2.8 2.8 -1.7

Dec 2016

13.0 1.5 2.3 -2.8 2.9 4.5 -0.5

Jan 2017

3.9 5.0 2.7 -3.0 -2.5 8.7 -0.7

Feb 2017

2.8 5.3 1.9 -2.0 -1.8 6.4 -0.5

Mar 2017

7.4 4.8 2.2 -1.6 -2.4 9.0 -0.6

Apr 2017

10.3 3.9 2.4 -1.9 -1.9 7.6 -0.5

May 2017

0.5 4.3 2.4 0.3 -1.0 6.8 0.0

Jun 2017

3.2 5.7 2.4 -0.2 -1.1 5.2 -1.0

Jul 2017

1.6 4.2 2.4 -0.8 -1.0 6.4 0.0

Aug 2017

4.1 2.6 1.9 -0.6 -0.9 4.2 0.2

Sep 2017

1.1 1.1 1.6 -0.9 -0.9 5.5 -0.9

Oct 2017

-0.7 2.8 1.6 -1.6 0.6 5.2 -0.5

Nov 2017

3.6 2.2 1.7 1.2 0.3 4.7 -0.4

Dec 2017

-0.2 -0.8 1.6 1.3 -0.2 3.1 -0.6

Jan 2018

8.1 -3.2 1.5 1.3 0.8 1.7 -0.5

Feb 2018

-0.3 -4.4 1.6 0.9 0.0 2.7 -0.5

Mar 2018

5.1 -3.1 1.8 0.8 1.6 0.1 -0.6

Apr 2018

1.6 -1.7 1.9 1.3 0.5 0.1 -0.5

May 2018

-3.0 0.4 2.4 1.2 -0.3 -2.8 -0.7

Jun 2018

-1.3 -1.0 2.8 1.1 -0.2 -2.9 -0.3

Jul 2018

3.5 -2.5 2.3 1.2 0.2 -4.6 -0.2

Aug 2018

1.1 -3.5 2.5 1.5 1.4 -3.8 -0.1

Sep 2018

5.1 -3.0 3.0 1.2 2.6 -5.4 0.5

Oct 2018

4.9 -1.9 2.9 1.1 2.7 -5.4 0.2

Nov 2018

-1.0 -2.4 2.6 1.0 2.4 -5.2 0.3

Dec 2018

-0.2 -1.8 2.6 1.4 2.1 -3.2 0.1

Jan 2019

-2.9 0.1 2.4 1.3 3.1 -5.3 0.7

Feb 2019

2.3 2.9 1.9 1.4 3.3 -7.3 -1.7

Mar 2019

-4.9 3.5 1.9 1.2 4.4 -6.9 -0.2

Apr 2019

-3.0 4.0 1.4 0.9 5.3 -7.2 -0.5

May 2019

5.3 3.2 0.5 0.9 6.2 -4.6 0.1

Jun 2019

4.4 3.7 0.1 1.4 4.8 -5.0 0.2

Jul 2019

-0.2 5.8 0.0 1.5 4.1 -3.2 0.7

Aug 2019

1.2 5.9 0.6 2.3 3.0 -3.0 -0.3

Sep 2019

0.9 5.9 0.3 2.4 2.4 -2.5 -1.2

Oct 2019

3.9 5.3 -0.3 2.3 2.7 -3.8 0.0

Nov 2019

6.1 7.8 -0.6 2.3 3.3 -2.9 -0.6

Dec 2019

7.5 8.3 -0.8 1.9 3.4 -4.2 -0.4

Jan 2020

3.0 6.6 0.4 1.9 3.1 -3.1 -0.8

Feb 2020

-1.0 4.4 0.5 1.7 3.8 -0.7 0.6

Mar 2020

-3.8 2.5 0.2 1.4 0.7 -1.6 1.6

Apr 2020

-7.4 -3.2 0.7 0.3 0.7 -0.9 -1.2

May 2020

-2.2 -6.4 1.7 0.4 1.6 -1.0 0.4

Jun 2020

-1.2 -0.6 1.9 -0.3 2.6 1.6 -0.7

Jul 2020

3.1 3.3 2.3 -0.3 2.2 0.5 0.4

Aug 2020

3.9 1.3 1.5 -2.0 2.7 2.0 0.6

Sep 2020

0.3 -0.6 2.1 -1.1 1.8 3.5 0.7

Oct 2020

2.1 0.5 2.8 -1.4 2.3 5.2 -0.5

Nov 2020

4.4 1.1 3.2 -5.1 2.1 6.6 0.2

Dec 2020

2.3 -2.7 3.3 -5.8 2.3 8.7 0.8

Jan 2021

4.2 -3.3 2.5 -5.8 2.5 12.0 0.4

Feb 2021

6.2 -2.9 3.0 -5.5 3.3 13.8 1.1

Mar 2021

7.0 -1.1 2.9 -4.8 3.6 21.3 -1.3

Apr 2021

11.2 6.4 3.0 -3.7 3.2 27.1 2.0

May 2021

9.1 11.2 2.5 -4.0 2.1 41.6 -0.2

Jun 2021

14.2 3.9 2.1 -2.9 2.4 40.3 1.5

Jul 2021

17.7 -1.5 2.5 -2.6 3.3 43.6 -0.9

Aug 2021

28.0 -0.4 3.3 -1.1 3.5 43.3 2.1

Sep 2021

24.5 1.7 3.7 -0.9 7.0 40.4 2.5

Oct 2021

28.2 1.7 4.2 0.0 7.3 45.0 3.0

Nov 2021

29.3 0.9 3.8 4.5 7.6 43.5 3.4

Dec 2021

31.3 7.5 4.4 5.1 7.7 35.7 3.2

Jan 2022

16.2 13.4 5.3 6.0 9.6 35.8 4.6

Feb 2022

17.6 17.5 5.9 6.3 9.1 42.7 10.2

Mar 2022

23.9 20.1 7.2 6.7 9.5 45.2 10.9

Apr 2022

23.7 20.9 8.4 6.8 11.7 41.0 13.3

May 2022

20.6 20.2 11.5 7.4 10.6 33.4 14.7

Jun 2022

13.2 21.3 12.2 7.0 11.3 31.2 14.1

Jul 2022

4.5 21.4 14.2 8.3 12.0 21.9 16.4

Aug 2022

-2.1 20.1 14.5 7.9 17.3 20.1 14.1

Sep 2022

1.3 18.7 16.6 7.5 16.1 21.0 17.2

Oct 2022

-3.7 17.6 16.5 7.2 14.1 12.1 16.8

Nov 2022

-8.1 15.9 18.5 6.7 14.1 14.2 16.9

Dec 2022

-11.5 12.5 18.1 6.5 12.3 13.3 17.1

Jan 2023

-2.0 6.5 18.3 4.9 15.9 7.5 16.7

Feb 2023

-0.6 1.2 18.3 4.8 14.4 -2.2 11.0

Mar 2023

-3.7 -3.5 18.0 4.3 14.2 -10.5 11.2

Apr 2023

-5.5 -6.5 16.7 4.1 11.9 -13.2 9.2

May 2023

-1.9 -8.7 14.6 4.0 15.7 -18.8 8.8

Jun 2023

-1.7 -11.4 15.2 4.5 15.7 -19.2 8.0

Jul 2023

0.6 -12.7 13.2 3.7 12.5 -12.5 6.4

Aug 2023

-2.1 -9.3 12.6 2.5 7.8 -11.7 6.2

Sep 2023

-5.5 -7.2 11.6 1.4 4.8 -12.5 3.6

Oct 2023

-7.2 -6.2 11.6 0.9 5.7 -12.0 3.6

Note: Data are not seasonally adjusted.

Within the foods category, producer prices declined for fresh and dry vegetables (−41.8 percent), grains (−32.1 percent), fresh fruits and melons (−18.1 percent), shortening and cooking oils (−12.0 percent), finfish and shellfish (−7.2 percent), and dairy products (−6.2 percent). On a 12-month basis, the decrease in fresh fruits and melons prices was the largest since May 2011, and the decrease in fresh and dry vegetables prices was the largest since February 2012.

Producer prices increased for processed fruits and vegetables (11.6 percent), soft drinks (5.7 percent), bakery products (4.9 percent), and frozen specialty food (3.6 percent) from October 2022 to October 2023.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — October 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, Producer prices up 1.3 percent from October 2022 to October 2023 at https://www.bls.gov/opub/ted/2023/producer-prices-up-1-3-percent-from-october-2022-to-october-2023.htm (visited July 24, 2024).

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