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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, February 2025
Commodity
1-month percent change
Goods
0.3%
Foods
1.7%
Fresh fruits and melons(1)
4.0%
Fresh and dry vegetables(1)
6.0%
Meats
2.6%
Processed poultry
-3.6%
Dairy products(1)
0.1%
Soft drinks(1)
-0.8%
Energy
-1.2%
Residential electric power
0.5%
Residential natural gas
1.3%
Gasoline
-4.7%
Jet fuel(1)
4.0%
Home heating oil and distillates
-9.8%
No. 2 diesel fuel
-3.9%
Goods less foods and energy
0.4%
Industrial chemicals
-0.2%
Pharmaceutical preparations
0.1%
Passenger cars
0.3%
Trucks, 14,000 lbs. and under
0.3%
Aircraft and aircraft equipment
0.2%
Cigarettes, including nontobacco(1)
2.6%
Services
-0.2%
Trade services
-1.0%
Machinery and equipment and parts and supplies wholesaling(1)
-0.5%
Food and alcohol retailing
-2.0%
Health and beauty retailing, including optical goods(1)
0.2%
Apparel, jewelry, footwear, and accessories retailing
-2.2%
Automobiles and automobile parts retailing(1)
-2.8%
Fuels and lubricants retailing(1)
-0.9%
Transportation and warehousing services
0.0%
Rail transportation of freight and mail(1)
0.0%
Truck transportation of freight(1)
-0.1%
Water transportation of freight(1)
1.9%
Air transportation of freight(1)
-1.2%
Courier, messenger, and U.S. postal service
-0.1%
Airline passenger services
0.0%
Less trade, transportation, and warehousing
0.2%
Loan services (partial)
-2.0%
Securities brokerage, dealing, investment advice, and related services(1)
-0.8%
Portfolio management(1)
0.5%
Outpatient care (partial)
0.2%
Inpatient care
0.8%
Traveler accommodation services
-0.1%
Footnotes
(1) Not seasonally adjusted.
Note: All data are subject to revision 4 months after originally published.
Latest Numbers
FINAL DEMAND GOODS:
Total
+0.3%(p) in Feb 2025
Foods
+1.7%(p) in Feb 2025
Energy
-1.2%(p) in Feb 2025
Core goods
+0.4%(p) in Feb 2025
FINAL DEMAND SERVICES:
Total
-0.2%(p) in Feb 2025
Transportation and warehousing
unchanged in Feb 2025
Trade
-1.0%(p) in Feb 2025
Other
+0.2%(p) in Feb 2025
FINAL DEMAND CONSTRUCTION:
Construction
-0.1%(p) in Feb 2025
INTERMEDIATE DEMAND BY COMMODITY TYPE:
Processed goods
+0.5%(p) in Feb 2025
Unprocessed goods
+1.3%(p) in Feb 2025
Services
-0.2%(p) in Feb 2025
INTERMEDIATE DEMAND BY PRODUCTION FLOW:
Stage 4 intermediate demand
unchanged in Feb 2025
Stage 3 intermediate demand
+0.7%(p) in Feb 2025
Stage 2 intermediate demand
-0.5%(p) in Feb 2025
Stage 1 intermediate demand
+0.1%(p) in Feb 2025
GOODS:
Motor vehicles
+0.3%(p) in Feb 2025
Pharmaceutical preparations
+0.1%(p) in Feb 2025
Gasoline
-4.7%(p) in Feb 2025
Meats
+2.6%(p) in Feb 2025
Industrial chemicals
-0.5%(p) in Feb 2025
Lumber
-1.1%(p) in Feb 2025
Steel mill products
+2.7%(p) in Feb 2025
Diesel fuel
-3.9%(p) in Feb 2025
Prepared animal feeds
+0.9%(p) in Feb 2025
Crude petroleum
-2.4%(p) in Feb 2025
Grains
+2.2%(p) in Feb 2025
Carbon steel scrap
+11.6%(p) in Feb 2025
SERVICES:
Outpatient healthcare
+0.2%(p) in Feb 2025
Inpatient healthcare services
+0.8%(p) in Feb 2025
Food and alcohol retailing
-2.0%(p) in Feb 2025
Apparel and jewelry retailing
-2.2%(p) in Feb 2025
Airline passenger services
unchanged in Feb 2025
Securities brokerage, dealing, investment, and related services
-0.8%(p) in Feb 2025
Business loans (partial)
-3.7%(p) in Feb 2025
Legal services
-0.1%(p) in Feb 2025
Truck transportation of freight
-0.1%(p) in Feb 2025
Machinery and equipment wholesaling
-0.5%(p) in Feb 2025
Historical Data
News Release
SA - Seasonally Adjusted
NSA - Not Seasonally Adjusted
p - preliminary
News Release
PPI for final demand unchanged in February; goods increase 0.3%, services decline 0.2%
03/13/2025
The Producer Price Index for final demand was unchanged in February. Prices for final demand
goods increased 0.3 percent, and the index for final demand services declined 0.2 percent. Prices
for final demand advanced 3.2 percent for the 12 months ended in February.
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Charts
Next Release
March 2025 PPI data are scheduled to be released on April 11, 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 »