Finished goods prices advance 2.1 percent in 12 months ended July 2013

August 15, 2013

On an unadjusted basis, the Producer Price Index for finished goods increased 2.1 percent for the 12 months ended July 2013.

12-month percent changes in the Producer Price Index for finished goods, not seasonally adjusted, July 2012–July 2013
GroupingPercent change

Finished goods

2.1

Finished consumer goods

2.7

Finished consumer foods

2.7

Finished consumer goods, excluding foods

2.7

Capital equipment

0.6

Manufacturing industries

0.7

Nonmanufacturing industries

0.5

 

The indexes for finished consumer goods, finished consumer foods, and finished consumer goods, excluding foods, each increased 2.7 percent over the July 2012–July 2013 period.

Within the finished consumer foods grouping, the price index for crude foods (such as eggs and fresh vegetables) increased 11.5 percent, while the index for processed foods (such as bakery products and meats) increased 2.1 percent for the 12 months ended July 2013.

Within finished consumer goods, excluding foods, prices for nondurable goods less foods (a grouping that includes apparel and home heating oil) increased 3.5 percent, while prices for durable goods (such as automobiles, household furniture, and appliances) increased 0.3 percent from July 2012 to July 2013.

The price index for capital equipment (durable goods such as heavy motor trucks, tractors, and machine tools used by businesses) increased 0.6 percent over this period. Prices for capital equipment for manufacturing industries increased by 0.7 percent, for nonmanufacturing industries, 0.5 percent.

These data are from the BLS Producer Price Index program. See "Producer Price Indexes — July 2013" (HTML) (PDF), news release USDL–13–1625, for more information. 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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Finished goods prices advance 2.1 percent in 12 months ended July 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130815.htm (visited December 22, 2014).