PPI in August 2007
September 19, 2007
The Producer Price Index for Finished Goods fell 1.4 percent in August, seasonally adjusted. This decrease followed a 0.6-percent increase in July and a 0.2-percent decline in June.
Accounting for most of the downturn in finished goods prices, the index for energy goods fell 6.6 percent in August following a 2.5-percent rise in the prior month. Gasoline prices dropped 13.8 percent following a 3.2-percent advance a month earlier.
The index for finished consumer foods fell 0.2 percent in August after edging down 0.1 percent in July.
The index for finished goods other than foods and energy climbed 0.2 percent in August after inching up 0.1 percent in July. In August, higher prices for pharmaceutical preparations, civilian aircraft, passenger cars, alcoholic beverages, and newspaper circulation more than offset lower prices for light motor trucks, electronic computers, heavy motor trucks, and floor coverings.
From August 2006 to August 2007, prices for finished goods rose 2.2 percent, as shown in the chart.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — August 2007" (PDF) (TXT), news release USDL 07-1399. 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, PPI in August 2007 on the Internet at http://www.bls.gov/opub/ted/2007/sept/wk3/art03.htm (visited May 27, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.