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Producer Price Indexes
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Producer Price Index Home
The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.
Notices
- Recalculated Relative Importance Figures and Seasonal Adjustment Factors Read More »
- PPI Industry Net Output Ratios Updated with 2017 Input-Output Data Read More »
- Rebasing of Selected Producer Price Indexes Read More »
Charts
PPI for final demand components, 1-month percent change, March 2025
Commodity
1-month percent change
Goods
-0.9%
Foods
-2.1%
Fresh fruits and melons(1)
-12.2%
Fresh and dry vegetables(1)
-7.7%
Meats
-2.9%
Processed poultry
0.6%
Dairy products(1)
-1.2%
Soft drinks(1)
0.9%
Energy
-4.0%
Residential electric power
0.7%
Residential natural gas
2.1%
Gasoline
-11.1%
Jet fuel(1)
-9.1%
Home heating oil and distillates
-5.5%
No. 2 diesel fuel
-6.1%
Goods less foods and energy
0.3%
Industrial chemicals
0.4%
Pharmaceutical preparations
0.1%
Passenger cars
-0.2%
Trucks, 14,000 lbs. and under
0.5%
Aircraft and aircraft equipment
0.2%
Cigarettes, including nontobacco(1)
0.0%
Services
-0.2%
Trade services
-0.7%
Machinery and equipment and parts and supplies wholesaling(1)
-0.7%
Food and alcohol retailing
-1.3%
Health and beauty retailing, including optical goods(1)
-0.6%
Apparel, jewelry, footwear, and accessories retailing
-2.0%
Automobiles and automobile parts retailing(1)
0.2%
Fuels and lubricants retailing(1)
2.3%
Transportation and warehousing services
-0.6%
Rail transportation of freight and mail(1)
0.0%
Truck transportation of freight(1)
0.7%
Water transportation of freight(1)
1.5%
Air transportation of freight(1)
0.5%
Courier, messenger, and U.S. postal service
0.2%
Airline passenger services
-4.0%
Less trade, transportation, and warehousing
0.1%
Loan services (partial)
-2.3%
Securities brokerage, dealing, investment advice, and related services(1)
0.3%
Portfolio management(1)
0.2%
Outpatient care (partial)
0.1%
Inpatient care
0.2%
Traveler accommodation services
-1.2%
Footnotes
(1) Not seasonally adjusted.
Note: All data are subject to revision 4 months after originally published.
Latest Numbers
FINAL DEMAND GOODS:
Total
-0.9%(p) in Mar 2025
Foods
-2.1%(p) in Mar 2025
Energy
-4.0%(p) in Mar 2025
Core goods
+0.3%(p) in Mar 2025
FINAL DEMAND SERVICES:
Total
-0.2%(p) in Mar 2025
Transportation and warehousing
-0.6%(p) in Mar 2025
Trade
-0.7%(p) in Mar 2025
Other
+0.1%(p) in Mar 2025
FINAL DEMAND CONSTRUCTION:
Construction
+0.5%(p) in Mar 2025
INTERMEDIATE DEMAND BY COMMODITY TYPE:
Processed goods
unchanged in Mar 2025
Unprocessed goods
-4.1%(p) in Mar 2025
Services
-0.1%(p) in Mar 2025
INTERMEDIATE DEMAND BY PRODUCTION FLOW:
Stage 4 intermediate demand
-0.1%(p) in Mar 2025
Stage 3 intermediate demand
-1.0%(p) in Mar 2025
Stage 2 intermediate demand
-0.5%(p) in Mar 2025
Stage 1 intermediate demand
-0.1%(p) in Mar 2025
GOODS:
Motor vehicles
+0.4%(p) in Mar 2025
Pharmaceutical preparations
+0.1%(p) in Mar 2025
Gasoline
-11.1%(p) in Mar 2025
Meats
-2.9%(p) in Mar 2025
Industrial chemicals
+0.7%(p) in Mar 2025
Lumber
+2.3%(p) in Mar 2025
Steel mill products
+7.1%(p) in Mar 2025
Diesel fuel
-6.1%(p) in Mar 2025
Prepared animal feeds
-0.4%(p) in Mar 2025
Crude petroleum
-8.2%(p) in Mar 2025
Grains
-3.6%(p) in Mar 2025
Carbon steel scrap
+5.1%(p) in Mar 2025
SERVICES:
Outpatient healthcare
+0.1%(p) in Mar 2025
Inpatient healthcare services
+0.2%(p) in Mar 2025
Food and alcohol retailing
-1.3%(p) in Mar 2025
Apparel and jewelry retailing
-2.0%(p) in Mar 2025
Airline passenger services
-4.0%(p) in Mar 2025
Securities brokerage, dealing, investment, and related services
+0.3%(p) in Mar 2025
Business loans (partial)
-4.2%(p) in Mar 2025
Legal services
+1.5%(p) in Mar 2025
Truck transportation of freight
+0.7%(p) in Mar 2025
Machinery and equipment wholesaling
-0.7%(p) in Mar 2025
Historical Data
News Release
SA - Seasonally Adjusted
NSA - Not Seasonally Adjusted
p - preliminary
News Release
PPI for final demand decreases 0.4% in March; goods decline 0.9%, services fall 0.2%
04/11/2025
The Producer Price Index for final demand decreased 0.4 percent in March. Prices for final
demand goods fell 0.9 percent, and the index for final demand services declined 0.2 percent.
Prices for final demand advanced 2.7 percent for the 12 months ended in March.
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Charts
Next Release
April 2025 PPI data are scheduled to be released on May 15, 2025, at 8:30 A.M. Eastern Time.
read more »
Publications
The Economics Daily
Producer prices up 3.0 percent from November 2023 to November 2024
The Producer Price Index for final demand increased 3.0 percent for the year ended in November 2024, the largest 12-month advance since February 2023. From November 2023 to November 2024, producer prices for final demand goods rose 1.1 percent, while prices for final demand services increased 3.9 percent. read more »
Beyond the Numbers
Debunking 8 common misconceptions about the Producer Price Index
This Beyond the Numbers article addresses common misconceptions about the PPI. It will cover the scope of PPI coverage, the types of price information used to construct PPIs, differences between the PPI and the Consumer Price Index (CPI), how changes in product quality affect PPIs, and how transportation costs are integrated into the PPI. read more »
Monthly Labor Review
Introducing Producer Price Index research series based on a geometric-mean formula
This article introduces Producer Price Index (PPI) research series calculated with a geometric-mean (geomean) formula and explains the formula’s methodological advantages. The article also compares official and geomean PPIs to illustrate how formula choice affects index values. read more »