Producer prices in October 2011
November 21, 2011
The Producer Price Index for finished goods declined 0.3 percent in October, seasonally adjusted. Finished goods prices rose 0.8 percent in September and were unchanged in August.
Prices for finished energy goods moved down 1.4 percent in October, the largest decrease since a 2.3-percent drop in June 2011. Nearly two-thirds of the October decline can be attributed to the gasoline index, which fell 2.4 percent. Lower prices for residential natural gas and home heating oil also were factors in the drop in the finished energy goods index.
The index for finished consumer foods advanced 0.1 percent in October, the fifth consecutive monthly increase.
The index for finished goods less foods and energy was unchanged in October following ten straight monthly advances.
These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes — October 2011” (HTML) (PDF), news release USDL-11-1643. 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 in October 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20111121.htm (visited November 28, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.