Producer prices up again in March
April 14, 2003
The Producer Price Index for Finished Goods advanced 1.5 percent in March, seasonally adjusted. This increase followed a 1.0-percent gain in February and a 1.6-percent rise in January.
Over half of the March increase in the Producer Price Index for Finished Goods was due to prices for finished energy goods, which rose 5.7 percent after advancing 7.4 percent in February. Most of the remaining upward movement in March’s finished goods index can be traced to a 0.7-percent increase in prices for finished goods other than foods and energy, reflecting higher prices for passenger cars and light motor trucks. The finished consumer foods index edged up 0.1 percent in March, after climbing 0.6 percent in February.
During the first quarter of 2003, prices for finished goods advanced at a seasonally adjusted annual rate of 17.4 percent, after rising at a 1.2-percent rate during the final three months of 2002. Excluding prices for foods and energy, the finished goods index increased at a 4.6-percent seasonally adjusted annual rate for the three months ended March 2003, following a 1.3 percent rate of decline in the last quarter of 2002.
From March 2002 to March 2003, prices for finished goods rose 4.2 percent.
These data are from the BLS Producer Price Index program. Find out more in "Producer Price Indexes, March 2003" (PDF) (TXT), news release USDL 03–167. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices up again in March on the Internet at http://www.bls.gov/opub/ted/2003/apr/wk2/art01.htm (visited October 25, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.