PPI in March

April 23, 2004

The Producer Price Index (PPI) for Finished Goods advanced 0.5 percent in March, seasonally adjusted. This increase followed a 0.1-percent gain in February and a 0.6-percent rise in January.

Percent change from 12 months ago, Producer Price Index for Finished Goods, not seasonally adjusted, March 1995 - March 2004
[Chart data—TXT]

More than half of the acceleration in finished goods prices was due to the finished consumer foods index, which advanced 1.5 percent after edging up 0.2 percent in February. The index for finished goods other than foods and energy increased 0.2 percent, following a 0.1-percent gain in February. Prices for finished energy goods climbed 0.6 percent in March, after rising 0.2 percent in February.

From March 2003 to March 2004, prices for finished goods climbed 1.4 percent. During the same period, the finished consumer foods index jumped 5.3 percent and prices for finished goods other than foods and energy rose 0.7 percent. The index for finished energy goods declined 0.4 percent for the 12 months ended March 2004.

These data are from the BLS Producer Price Index program. For more information, see "Producer Price Indexes -- March 2004" (PDF) (TXT), news release USDL 04-732. 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. Note: The Producer Price Index for March 2004, originally scheduled for release on April 8, was released on April 22.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, PPI in March on the Internet at http://www.bls.gov/opub/ted/2004/apr/wk3/art05.htm (visited October 24, 2014).

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