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The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.
PPI for final demand components, 1-month percent change, February 2024
Commodity
1-month percent change
Goods
1.2%
Foods
1.0%
Fresh fruits and melons(1)
-12.7%
Fresh and dry vegetables(1)
8.9%
Meats
2.2%
Processed poultry
1.3%
Dairy products(1)
1.1%
Soft drinks(1)
0.5%
Energy
4.4%
Residential electric power
0.5%
Residential natural gas
1.1%
Gasoline
6.8%
Jet fuel(1)
11.5%
Home heating oil and distillates
2.9%
No. 2 diesel fuel
15.9%
Goods less foods and energy
0.3%
Industrial chemicals
1.9%
Pharmaceutical preparations
0.2%
Passenger cars
0.2%
Trucks, 14,000 lbs. and under
0.3%
Aircraft and aircraft equipment
0.1%
Cigarettes, including nontobacco(1)
2.6%
Services
0.3%
Trade services
-0.3%
Machinery and equipment and parts and supplies wholesaling(1)
-0.7%
Food and alcohol retailing
0.4%
Health and beauty retailing, including optical goods(1)
-0.1%
Apparel, jewelry, footwear, and accessories retailing
-0.9%
Automobiles and automobile parts retailing(1)
-2.2%
Fuels and lubricants retailing(1)
-0.6%
Transportation and warehousing services
0.9%
Rail transportation of freight and mail(1)
-1.4%
Truck transportation of freight(1)
0.4%
Water transportation of freight(1)
1.7%
Air transportation of freight(1)
-0.6%
Courier, messenger, and U.S. postal service
1.3%
Airline passenger services
2.4%
Less trade, transportation, and warehousing
0.5%
Loan services (partial)
2.9%
Securities brokerage, dealing, investment advice, and related services(1)
0.6%
Portfolio management(1)
0.2%
Outpatient care (partial)
0.5%
Inpatient care
0.2%
Traveler accommodation services
3.8%
Footnotes
(1) Not seasonally adjusted.
Note: All data are subject to revision 4 months after originally published.
Processed goods +1.6%(p) in Feb 2024
Stage 4 intermediate demand +0.2%(p) in Feb 2024
Stage 3 intermediate demand +1.1%(p) in Feb 2024
Motor vehicles +0.2%(p) in Feb 2024
Pharmaceutical preparations +0.2%(p) in Feb 2024
Industrial chemicals +1.5%(p) in Feb 2024
Steel mill products +2.9%(p) in Feb 2024
Diesel fuel +15.9%(p) in Feb 2024
Prepared animal feeds -1.6%(p) in Feb 2024
Outpatient healthcare +0.5%(p) in Feb 2024
Inpatient healthcare services +0.2%(p) in Feb 2024
Food and alcohol retailing +0.4%(p) in Feb 2024
Apparel and jewelry retailing -0.9%(p) in Feb 2024
Airline passenger services +2.4%(p) in Feb 2024
Securities brokerage, dealing, investment, and related services +0.6%(p) in Feb 2024
Business loans (partial) +0.2%(p) in Feb 2024
Legal services +0.4%(p) in Feb 2024
03/14/2024
The Producer Price Index for final demand rose 0.6 percent in February. Prices for final demand
goods advanced 1.2 percent, and the index for final demand services moved up 0.3 percent.
Prices for final demand advanced 1.6 percent for the 12 months ended in February.
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