Producer Price Index down 0.2 percent in October 2013

November 25, 2013

The Producer Price Index for finished goods declined 0.2 percent in October, seasonally adjusted. Prices for finished goods fell 0.1 percent in September and rose 0.3 percent in August.

 

1-month percent change in the Producer Price Index for finished energy, foods, and all finished goods, seasonally adjusted, October 2012–October 2013
MonthAll finished goodsFoodsEnergy

Oct 2012

-0.20.5-0.9

Nov 2012

-0.51.1-3.1

Dec 2012

-0.1-0.6-0.4

Jan 2013

0.20.7-0.6

Feb 2013

0.7-0.73.2

Mar 2013

-0.60.9-3.6

Apr 2013

-0.7-1.0-2.5

May 2013

0.50.71.1

Jun 2013

0.6-0.12.5

Jul 2013

0.20.40.4

Aug 2013

0.30.60.8

Sep 2013

-0.1-1.00.5

Oct 2013

-0.20.8-1.5

 

The 0.2-percent decrease in the finished goods index in October is attributable to prices for finished energy goods, which fell 1.5 percent. By contrast, the indexes for finished consumer foods and for finished goods less foods and energy moved up 0.8 percent and 0.2 percent, respectively.

Prices for finished energy goods moved down 1.5 percent in October, the first decline since a 2.5-percent drop in April 2013. Nearly all of the October decrease can be traced to the index for gasoline, which fell 3.8 percent.

In October, prices for finished consumer foods advanced 0.8 percent, the largest rise since a 0.9-percent jump in March 2013. Nearly sixty percent of the October increase can be traced to the index for beef and veal, which climbed 7.5 percent.

The index for finished goods less food and energy rose 0.2 percent in October, following a 0.1-percent increase in September.

These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes — October 2013” (HTML) (PDF), news release USDL‑13‑2195. All producer price indexes are routinely subject to revision once, 4 months after the 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, Producer Price Index down 0.2 percent in October 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20131125.htm (visited October 24, 2014).

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