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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.
PPI for final demand components, 1-month percent change, August 2023
Commodity
1-month percent change
Goods
2.0%
Foods
-0.5%
Fresh fruits and melons(1)
4.7%
Fresh and dry vegetables(1)
-11.5%
Meats
-2.4%
Processed poultry
1.0%
Dairy products
1.9%
Soft drinks(1)
1.1%
Energy
10.5%
Residential electric power
-0.5%
Residential natural gas
-1.1%
Gasoline
20.0%
Jet fuel(1)
23.6%
Home heating oil and distillates
18.1%
No. 2 diesel fuel
41.1%
Goods less foods and energy
0.1%
Industrial chemicals
-1.2%
Pharmaceutical preparations
0.4%
Passenger cars
0.3%
Trucks, 14,000 lbs. and under
0.1%
Aircraft and aircraft equipment
0.0%
Cigarettes, including nontobacco(1)
1.4%
Services
0.2%
Trade services
-0.3%
Machinery and equipment and parts and supplies wholesaling(1)
0.9%
Food and alcohol retailing
0.5%
Health and beauty retailing, including optical goods(1)
-0.4%
Apparel, jewelry, footwear, and accessories retailing
0.8%
Automobiles and automobile parts retailing(1)
-0.8%
Fuels and lubricants retailing(1)
4.1%
Transportation and warehousing services
1.4%
Rail transportation of freight and mail(1)
0.4%
Truck transportation of freight(1)
1.6%
Water transportation of freight(1)
1.7%
Air transportation of freight(1)
0.9%
Courier, messenger, and U.S. postal service
1.2%
Airline passenger services
1.3%
Less trade, transportation, and warehousing
0.3%
Loan services (partial)
-0.3%
Securities brokerage, dealing, investment advice, and related services(1)
1.6%
Portfolio management(1)
0.5%
Outpatient care (partial)
0.1%
Inpatient care
-0.2%
Traveler accommodation services
0.5%
Footnotes
(1) Not seasonally adjusted.
Note: All data are subject to revision 4 months after originally published.
Processed goods
+2.1%(p) in Aug 2023
Stage 4 intermediate demand
+0.6%(p) in Aug 2023
Stage 3 intermediate demand
+0.9%(p) in Aug 2023
Motor vehicles
+0.2%(p) in Aug 2023
Pharmaceutical preparations
+0.4%(p) in Aug 2023
Gasoline
+20.0%(p) in Aug 2023
Industrial chemicals
-1.9%(p) in Aug 2023
Steel mill products
-0.5%(p) in Aug 2023
Diesel fuel
+41.1%(p) in Aug 2023
Prepared animal feeds
-0.1%(p) in Aug 2023
Outpatient healthcare
+0.1%(p) in Aug 2023
Inpatient healthcare services
-0.2%(p) in Aug 2023
Food and alcohol retailing
+0.5%(p) in Aug 2023
Apparel and jewelry retailing
+0.8%(p) in Aug 2023
Airline passenger services
+1.3%(p) in Aug 2023
Securities brokerage, dealing, investment, and related services
+1.6%(p) in Aug 2023
Business loans (partial)
+3.7%(p) in Aug 2023
Legal services
+0.2%(p) in Aug 2023
09/14/2023
The Producer Price Index for final demand increased 0.7 percent in August. Prices for final
demand goods rose 2.0 percent, and the index for final demand services advanced 0.2 percent.
Prices for final demand moved up 1.6 percent for the 12 months ended in August.
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