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Producer prices increased 3.5 percent over the year ended January 2025

February 24, 2025

The Producer Price Index for final demand advanced 3.5 percent from January 2024 to January 2025. Prices for final demand goods increased 2.3 percent over the year, while final demand prices for services rose 4.1 percent.       

12-month percent changes in the Producer Price Indexes for selected final demand components, January 2025
Commodity Percent change

Total

3.5

Goods

2.3

Foods

5.5

Energy

0.0

Goods less foods and energy

2.0

Services

4.1

Trade services

4.3

Transportation and warehousing services

3.6

Services less trade, transportation, and warehousing

4.1

Note: Data are not seasonally adjusted and are subject to revision 4 months after originally published.

Producer prices for final demand goods included a 5.5-percent increase in prices for food and no change in energy prices. In the services sector, prices for trade rose 4.3 percent since January 2024, while transportation and warehousing prices increased by 3.6 percent.

These data are from the Producer Price Index program and are not seasonally adjusted. To learn more, see "Producer Price Index — January 2025." 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 more charts of the latest Producer Price Index data.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices increased 3.5 percent over the year ended January 2025 at https://www.bls.gov/opub/ted/2025/producer-prices-increased-3-5-percent-over-the-year-ended-january-2025.htm (visited March 18, 2025).

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