FOR DATA ONLY: (202) 606-7828 USDL 00-101 FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN (202) 691-7705 THIS RELEASE IS EMBARGOED MEDIA CONTACT: (202) 691-5902 UNTIL 8:30 A.M. (E.D.T), THURSDAY, http://stats.bls.gov/ppihome.htm APRIL 13, 2000 Producer Price Indexes -- March 2000 The Producer Price Index for Finished Goods increased 1.0 percent in March, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This rise followed a 1.0-percent rise in February and no change in January. Prices received by producers of intermediate goods rose 0.9 percent, following a 0.8-percent gain in the prior month. The crude goods index increased 1.8 percent, after a 4.2- percent advance in February. (See table A.) Table A. Monthly and annual percent changes in selected stage-of- processing price indexes, seasonally adjusted Finish ed goods Change in Except finished Inter- goods foods from 12 mediate Crude and months Month Total Foods Energy energy ago goods goods (unadj.) 1999 Mar. 0.4 0.4 1.9 -0.1 0.8 0.2 0.8 Apr. .5 -.8 5.1 .1 1.2 .7 2.1 May .1 .1 .3 .1 1.4 .3 5.7 June .1 .6 -.1 0 1.5 .3 .2 July .2 -.4 2.7 -.1 1.5 .7 .2 Aug. .6 .5 3.3 .1 2.3 .5 5.1 Sept. .8 .7 2.1 .6 3.1 .5 4.6 Oct. 0 -.3 -.4 .2 2.8 .2 -2.4 Nov. r.1 r-.2 r1.1 -.1 3.1 r.2 r5.2 Dec. r.2 r.1 r1.0 .1 3.0 r.5 r-4.6 2000 Jan. 0 .1 .7 -.2 2.5 .4 2.7 Feb. 1.0 .4 5.2 .3 4.0 .8 4.2 Mar. 1.0 .1 5.8 .1 4.5 .9 1.8 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for November 1999 have been revised to reflect the availability of late reports and corrections by respondents. -2- Most of the March increase for finished goods can be attributed to a 5.8-percent jump in finished energy goods. The indexes for finished consumer goods other than foods and energy, capital equipment, and finished consumer foods inched up slightly in March. The index for finished goods other than foods and energy edged up 0.1 percent in March, following a 0.3- percent gain in the prior month. During the first quarter of 2000, the Finished Goods Price Index moved up at a seasonally adjusted annual rate of 8.2 percent, following a 1.2- percent rate of increase during the fourth quarter of 1999. The index for finished energy goods rose at a 57.5-percent annual rate from December to March, after increasing at a 6.9-percent annual rate over the last three months of 1999 and accounted for more than three-fourths of the faster rate of increase in the finished goods index in the first quarter of 2000. Finished consumer food prices turned up at an annual rate of 3.0 percent from December 1999 to March 2000, following a 1.8-percent annual rate of decline during the fourth quarter of 1999. Prices for finished goods other than foods and energy increased at a 1.1-percent seasonally adjusted annual rate, after rising at a 0.8-percent rate during the prior quarter. Before seasonal adjustment, the Producer Price Index for Finished Goods rose 0.7 percent in March to stand at 137.0 (1982=100). From March 1999 to March 2000, the Finished Goods Index increased 4.5 percent. Over the past 12 months, the index for finished goods other than foods and energy gained 1.2 percent, prices for finished consumer foods increased 0.9 percent, and the index for finished energy goods advanced 29.2 percent. Prices received by domestic producers of intermediate goods rose 6.0 percent for the 12 months ended in March, and the index for crude goods jumped 27.3 percent during the same period. Table B. Monthly and annual percent changes in selected price indexes for intermediate goods and crude goods, seasonally adjusted Interm Crude ediate goods goods Change in intermediate Change in Exclud goods Excluding crude goods ing from from foods 12 months Energy foods 12 months and ago and ago Month Foods Energy energy (unadj.) Foods (unadj.) energy (unadj.) 1999 Mar. -1.3 2.4 0.1 -2.1 0.3 2.9 -1.0 -10.5 Apr. -1.9 5.1 .2 -1.4 -3.7 12.6 -.5 -9.2 May .2 .4 .2 -1.1 1.8 13.2 1.7 -3.1 June .5 .4 .3 -.4 0 0 .5 -.2 July -1.0 2.8 .5 .3 -3.9 4.3 1.4 -.2 Aug. 1.3 2.5 .2 1.1 3.6 8.6 1.9 9.3 Sept. 1.0 1.9 .1 2.0 1.3 9.3 1.8 16.5 Oct. .8 -.8 .2 2.2 .1 -7.0 2.4 10.6 Nov. r-.6 r1.8 .1 r2.8 1.0 r11.5 r1.0 r16.7 Dec. r-1.6 r2.7 .2 3.9 -2.1 r-10.0 r2.2 15.7 2000 Jan. 0 .8 .3 4.1 .7 4.4 3.2 18.0 Feb. .6 4.2 .2 5.3 .7 10.0 -.2 26.1 Mar. .5 4.2 .4 6.0 3.5 1.2 -.2 27.3 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for November 1999 have been revised to reflect the availability of late reports and corrections by respondents. -3- Finished goods Prices for finished energy goods advanced 5.8 percent in March, following a 5.2-percent gain in February. After registering a 6.2-percent rise last month, the index for liquefied petroleum gas jumped 28.5 percent, the largest one-month rate of increase since a 30.8-percent advance in October 1990. Gasoline price increases accelerated from 12.9 percent in February to 14.9 percent in March. The indexes for residential electric power and finished lubricants also rose more than in the previous month. By contrast, home heating oil prices fell 0.4 percent in March, following a 30.6-percent advance in February. Prices for residential natural gas rose less than last month. The index for kerosene turned down, after a large increase in the prior month. The index for finished consumer goods other than foods and energy edged up 0.1 percent in March, after advancing 0.5 percent in February. Prices for tobacco products fell 0.2 percent, following a 5.6-percent gain last month. The indexes for alcoholic beverages, household appliances, and periodical circulation also turned down from last month. Prices for sanitary papers and health products rose less than a month ago. The home electronic equipment index fell, after showing no change in the previous month. Conversely, passenger car prices rose 0.5 percent in March, following a 1.2-percent decline in February. Prices for prescription drugs, light motor trucks, household furniture, and for tires, tubes, and tread also rebounded, after falling in February. The index for capital equipment rose 0.1 percent in March, after showing no change in February. Rising prices for civilian aircraft, light motor trucks, heavy motor trucks, and commercial furniture slightly outweighed falling prices for x-ray and electromedical equipment, communication and related equipment, electronic computers, and truck trailers. Prices for finished consumer foods edged up 0.1 percent in March, following a 0.4-percent advance in February. The eggs for fresh use index dropped 30.6 percent, after advancing 24.6 percent in the prior month. Prices for finfish and shellfish, fresh fruits and melons, and processed fruits and vegetables also turned down, following an increase last month. The indexes for soft drinks and pork rose less than a month ago. On the other hand, the index for fresh and dry vegetables posted a 13.8-percent gain in March, after declining 6.7 percent in February. Prices for dairy products, processed young chickens, beef and veal, and roasted coffee also turned up, following a decline in the previous month. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components rose 0.9 percent, seasonally adjusted, after registering a 0.8- percent increase in February. More than half of the increase in this index can be traced to higher prices for intermediate energy goods. The indexes for nondurable manufacturing materials, materials and components for construction, and intermediate foods and feeds also advanced in March. The index for durable manufacturing materials showed no change, after increasing 0.8 percent in the prior month. Excluding foods and energy, the index for intermediate materials rose 0.4 percent, following a 0.2-percent increase in the prior month. During the first quarter of 2000, the Producer Price Index for Intermediate Materials, Supplies, and Components advanced at an 8.9-percent seasonally adjusted annual rate, following a 3.6- percent rate of increase during the prior quarter. (See table B.) The intermediate energy goods index increased 4.2 percent, after posting a similar increase in February. Rising prices for gasoline, liquified petroleum gas, jet fuels, diesel fuel, residual fuels, and commercial electric power more than offset falling prices for industrial electric power and coke oven products. The intermediate energy goods index advanced at a seasonally adjusted annual rate of 43.4 percent during the first quarter of 2000, following a 15.7-percent rate of increase for the previous three months. -4- Prices for nondurable manufacturing materials registered a 1.2-percent increase, following a 0.5-percent rise in February. The plastic resins and materials index turned up 2.4 percent, after falling 1.8 percent in the previous month. Prices for paperboard, basic organic chemicals, and paper rose more than in the prior month. The inedible fats and oils index fell less than a month ago. By contrast, gray fabric prices turned down 3.0 percent, after a 0.9-percent advance in the previous month. The indexes for basic inorganic chemicals and fertilizer materials also turned down, after rising in February. Prices for nondurable manufacturing materials rose at a seasonally adjusted annual rate of 9.3 percent during the first quarter of 2000, after rising at a 6.1-percent rate for the previous quarter. The index for materials and components for construction increased 0.3 percent in March, the same rate of increase as in the prior month. Price increases for plastic construction products, millwork, fabricated structural metal products, nonferrous wire and cable, and plywood outweighed price declines for gypsum products, softwood lumber, switchgear, wiring devices, and cement. From December 1999 to March 2000, construction material prices increased at a seasonally adjusted annual rate of 4.1 percent, after rising at a 1.1-percent rate during the final quarter of 1999. Intermediate foods and feeds prices gained 0.5 percent, following a 0.6-percent increase February. Advancing prices for prepared animal feeds, beef and veal, pork, fluid milk products, and crude vegetable oils outweighed falling prices for natural, processed, and imitation cheese, refined sugar, and butter. During the first quarter of 2000, the intermediate foods and feeds index rose at a 4.8-percent seasonally adjusted annual rate, after decreasing at a 5.6-percent rate during the prior quarter. The durable manufacturing materials index showed no change in March, after posting a 0.8-percent rise in February. Aluminum mill shape prices showed no change, after rising 2.3 percent in the prior month. Prices for primary aluminum, semi-finished steel mill products, prepared paint, copper and brass mill shapes, gold, and flat glass fell, after rising a month ago. The copper cathode and refined copper index fell more than in the previous month. On the other hand, prices for hot rolled bars, plates, and structural shapes turned up 1.5 percent, after falling 0.2 percent in the prior month. The indexes for plywood, cold rolled sheet and strip, building paper and board, and hardwood lumber rose more than in the previous month. From December 1999 to March 2000, the durable manufacturing materials index increased at a seasonally adjusted annual rate of 6.4 percent, following a 3.9-percent rate of increase for the previous quarter. Crude goods The Producer Price Index for Crude Materials for Further Processing increased 1.8 percent in March, seasonally adjusted, following a 4.2- percent rise in February. Price increases for crude energy materials slowed markedly from the prior month. By contrast, the crude foodstuffs and feedstuffs index rose more rapidly in March than in February. Prices for basic industrial materials edged down at the same rate as a month ago. During the first quarter of 2000, the Producer Price Index for Crude Materials for Further Processing advanced at a seasonally adjusted annual rate of 40.6 percent, following an 8.0-percent rate of decline in the final quarter of 1999. (See table B.) Prices for crude energy materials gained 1.2 percent in March, after posting a 10.0-percent increase in February. The index for natural gas turned down 2.7 percent, following a 9.0-percent advance in February. Crude petroleum price increases slowed from 16.6 percent in February to 5.1 percent in March. By contrast, the coal index turned up 2.1 percent, after falling 2.6 percent in the previous month. Prices for crude energy materials rose at an 82.2-percent seasonally adjusted annual rate from December 1999 to March 2000, following a 24.3 percent rate of decline from September 1999 to December 1999. -5- Prices for crude foodstuffs and feedstuffs rose 3.5 percent in March, after rising 0.7 percent in February. The slaughter cattle index rose 6.1 percent, after falling 1.0 percent in the prior month. Prices for slaughter broilers and fryers, fresh and dry vegetables, raw cane sugar, and slaughter turkeys also increased, following a decline a month earlier. Fluid milk prices rose in March, after showing no change in February. By contrast, prices for unprocessed finfish fell 24.9 percent, following a 28.5-percent advance in the prior month. The indexes for fresh fruits and melons and for wheat also turned down, after increasing in the prior month. Price increases slowed from February to March for corn, alfalfa hay, soybeans, and unprocessed shellfish. From December 1999 to March 2000, the index for crude foodstuffs and feedstuffs increased at a 21.5-percent seasonally adjusted annual rate, following a 4.0-percent rate of decline in the final quarter of 1999. The index for basic industrial materials fell 0.2 percent in March, the same as in February. Prices declined for nonferrous metal ores, iron and steel scrap, pulpwood logs, leaf tobacco, softwood logs, nonferrous scrap, phosphates, cattle hides, and hardwood logs. Price increases were registered for wastepaper (10.5 percent) and raw cotton (6.1 percent). The basic industrial materials index rose at an 11.7-percent seasonally adjusted annual rate from December 1999 through March 2000, following a 24.5-percent rate of advance in the final quarter of 1999. Net output price indexes for mining, manufacturing, and other industries Mining. The Producer Price Index for the Net Output of Total Domestic Mining Industries advanced 2.9 percent in March, after registering an 8.1- percent gain in February. (Net output price indexes are not seasonally adjusted.) Prices received by the crude petroleum, natural gas, and natural gas liquids industry gained 4.1 percent, following an 11.5-percent advance in the previous month. The indexes for the drilling oil and gas wells, gold ores, copper ores, and construction sand and gravel industries turned down, after rising a month ago. Prices received by the oil and gas exploration services industry declined more than in the prior month. By contrast, the index for the bituminous coal and lignite industry increased 1.5 percent, following a 1.6-percent decrease in February. Prices received by the potash, soda, and borate minerals industry and the crushed and broken limestone industry rose more than a month earlier. During the first quarter of 2000, the Producer Price Index for the Net Output of Total Mining Industries increased at an annual rate of 71.3 percent, after decreasing at a 16.4-percent rate during the final quarter of 1999. In March, this index stood at 100.1 (December 1984 = 100), 57.9 percent above its year-ago level. Manufacturing. The Producer Price Index for the Net Output of Total Domestic Manufacturing Industries advanced 0.8 percent in March, after registering an 0.9-percent gain in February. Rising prices were observed for the petroleum refining and related products industry group; the chemicals and allied products industry group; the paper and allied products industry group; the food and kindred products industry group; the printing, publishing, and allied products industry group; and the transportation equipment industry group. These advances more than offset declining prices received by the electrical and electronic machinery, equipment, and supplies industry group; the tobacco manufactures industry group; and the measuring and controlling instruments industry group. From December 1999 to March 2000, the Producer Price Index for the Net Output of Total Manufacturing Industries increased at a 7.6-percent annual rate, following a 2.8-percent rate of increase during the previous calendar quarter. In March, this index stood at 133.0 (December 1984 = 100), 5.3 percent above its year-ago level. -6- Other. Among other industries in March, price increases were observed for the telephone communications (except radiotelephone) industry, real estate agents and managers, passenger car rental, radio broadcasting, the trucking (except local) industry, courier services (except by air), air courier services, and the scheduled air transportation industry. Price decreases were observed for operators and lessors of nonresidential buildings, engineering services, travel agencies, deep sea foreign transportation of freight, and truck rental and leasing. ***** Producer Price Index data for April 2000 will be released on Friday, May 12, 2000 at 8:30 a.m. (E.D.T) Table 1. Producer price indexes and percent changes by stage of processing (1982=100) _______________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | Relative | Unadjusted index |change to |percent change from: Grouping |importance| |Mar. 2000 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | |Nov. |Feb. |Mar. | Mar. | Feb. |Dec. to|Jan. to |Feb. to | 1999 1/|1999 2/|2000 2/|2000 2/| 1999 | 2000 | Jan. | Feb. | Mar. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 134.9 136.0 137.0 4.5 0.7 0 1.0 1.0 Finished consumer goods........................| 75.635 134.3 135.6 137.0 5.9 1.0 0 1.3 1.2 Finished consumer foods......................| 22.883 135.4 135.9 135.9 .9 0 .1 .4 .1 Crude......................................| 1.610 119.2 123.2 118.2 -9.4 -4.1 -4.3 4.2 -3.2 Processed..................................| 21.273 136.6 136.9 137.3 1.7 .3 .4 .2 .4 Finished consumer goods, excluding foods.....| 52.752 133.6 135.4 137.3 8.1 1.4 -.1 1.7 1.7 Nondurable goods less foods................| 36.843 131.6 134.3 137.0 11.5 2.0 -.2 2.6 2.3 Durable goods..............................| 15.909 134.6 134.0 134.0 .7 0 -.1 -.3 .2 Capital equipment..............................| 24.365 138.3 138.4 138.5 .6 .1 .1 0 .1 Manufacturing industries.....................| 6.431 138.7 139.0 139.3 .6 .2 .1 0 .1 Nonmanufacturing industries..................| 17.934 138.1 138.1 138.2 .6 .1 .1 0 .2 | Intermediate materials, supplies, and components.| 100.000 125.2 126.8 127.9 6.0 .9 .4 .8 .9 Materials and components for manufacturing.....| 46.496 125.9 126.8 127.4 3.2 .5 .3 .3 .5 Materials for food manufacturing.............| 3.340 120.9 117.8 118.1 -2.7 .3 0 -.2 .3 Materials for nondurable manufacturing.......| 15.684 127.8 129.6 131.3 7.1 1.3 .5 .5 1.2 Materials for durable manufacturing..........| 10.272 126.7 129.4 129.5 5.1 .1 .8 .8 0 Components for manufacturing.................| 17.200 125.7 125.7 125.7 0 0 -.1 -.1 .1 Materials and components for construction......| 13.691 149.4 150.8 151.3 2.4 .3 .4 .3 .3 Processed fuels and lubricants.................| 13.782 90.2 94.9 98.1 28.7 3.4 .9 4.1 4.2 Manufacturing industries ....................| 5.027 92.0 94.3 96.6 18.7 2.4 -.4 2.6 2.6 Nonmanufacturing industries..................| 8.755 88.8 94.9 98.6 34.9 3.9 1.5 5.0 5.1 Containers.....................................| 3.945 146.5 147.3 148.3 7.1 .7 .5 .1 .7 Supplies.......................................| 22.086 135.0 135.5 136.0 1.7 .4 0 .2 .4 Manufacturing industries.....................| 5.078 141.5 141.7 142.3 1.4 .4 .1 0 .4 Nonmanufacturing industries..................| 17.008 132.2 132.8 133.2 1.8 .3 0 .2 .4 Feeds......................................| 1.162 90.7 93.1 94.3 7.6 1.3 -.3 3.0 1.3 Other supplies.............................| 15.846 137.2 137.6 138.0 1.5 .3 0 .1 .3 | Crude materials for further processing...........| 100.000 109.2 111.2 113.3 27.3 1.9 2.7 4.2 1.8 Foodstuffs and feedstuffs......................| 38.822 99.5 97.6 101.3 2.5 3.8 .7 .7 3.5 Nonfood materials..............................| 61.178 111.9 116.5 117.5 48.5 .9 4.0 6.5 .8 Nonfood materials except fuel 3/.............| 38.159 104.9 119.5 122.4 57.3 2.4 1.8 6.8 2.3 Manufacturing 3/...........................| 36.767 96.0 109.9 112.6 59.9 2.5 1.8 7.1 2.4 Construction...............................| 1.392 200.3 204.4 202.5 5.3 -.9 1.0 .4 -.9 Crude fuel 4/................................| 23.019 112.6 103.0 101.4 35.9 -1.6 7.5 5.9 -1.6 Manufacturing industries...................| 1.954 112.3 103.1 100.7 39.3 -2.3 6.3 7.2 -2.3 Nonmanufacturing industries................| 21.065 114.6 104.8 103.3 35.6 -1.4 7.6 5.8 -1.4 | Special groupings | | Finished goods, excluding foods..................|5/ 77.117 134.7 135.9 137.2 5.6 1.0 -.1 1.2 1.2 Intermediate materials less foods and feeds......|6/ 95.498 126.0 127.7 128.8 6.3 .9 .4 .8 1.0 Intermediate foods and feeds.....................|6/ 4.502 111.6 110.3 110.8 -.2 .5 0 .6 .5 Crude materials less agricultural products 3/ 7/.|8/ 58.979 112.8 117.3 118.1 51.4 .7 4.0 6.6 .7 | Finished energy goods............................|5/ 13.814 83.6 87.4 92.0 29.2 5.3 .7 5.2 5.8 Finished goods less energy.......................|5/ 86.186 144.0 144.2 144.3 1.1 .1 -.1 .3 .1 Finished consumer goods less energy..............|5/ 61.821 146.3 146.6 146.7 1.4 .1 -.2 .5 .1 | Finished goods less foods and energy.............|5/ 63.303 147.4 147.5 147.6 1.2 .1 -.2 .3 .1 Finished consumer goods less foods and energy....|5/ 38.938 153.4 153.6 153.6 1.6 0 -.4 .5 .1 Consumer nondurable goods less foods and energy..|5/ 23.030 168.2 169.0 169.0 2.2 0 -.7 1.1 0 | Intermediate energy goods........................|6/ 13.894 89.9 94.5 97.8 28.7 3.5 .8 4.2 4.2 Intermediate materials less energy...............|6/ 86.106 133.0 133.8 134.4 2.9 .4 .2 .2 .4 Intermediate materials less foods and energy.....|6/ 81.604 134.4 135.4 136.0 3.1 .4 .3 .2 .4 | Crude energy materials 3/........................|8/ 39.878 98.9 102.2 103.4 70.9 1.2 4.4 10.0 1.2 Crude materials less energy......................|8/ 60.122 110.5 111.4 114.1 7.0 2.4 1.6 .4 2.2 Crude nonfood materials less energy 4/...........|8/ 21.300 142.6 151.0 151.1 16.3 .1 3.2 -.2 -.2 _______________________________________________________________________________________________________________________________ 1/ Comprehensive relative importance figures are initially computed 3/ Includes crude petroleum. after the publication of December indexes and are recalculated 4/ Excludes crude petroleum. after final December indexes are available. The first-published 5/ Percent of total finished goods. and final December relative importances initially appear, 6/ Percent of total intermediate materials. respectively, in the release tables containing January and May data. 7/ Formerly titled "Crude materials for 2/ The indexes for November 1999 have been recalculated to incorporate further processing, excluding crude late reports and corrections by respondents. All indexes foodstuffs and feedstuffs, plant and are subject to revision 4 months after original publication. animal fibers, oilseeds, and leaf tobacco." 8/ Percent of total crude materials. Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing (1982=100 unless otherwise indicated) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | | Unadjusted index |change to |percent change from: Commodity | | |Mar. 2000 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Nov. |Feb. |Mar. | Mar. | Feb. |Dec. to|Jan. to|Feb. to | |1999 1/|2000 1/|2000 1/| 1999 | 2000 | Jan. | Feb. | Mar. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 134.9 136.0 137.0 4.5 0.7 0 1.0 1.0 | FINISHED CONSUMER GOODS...............................| 134.3 135.6 137.0 5.9 1.0 0 1.3 1.2 | FINISHED CONSUMER FOODS..............................| 135.4 135.9 135.9 .9 0 .1 .4 .1 | | 01-11 | Fresh fruits and melons 2/..........................| 94.9 98.1 94.1 -7.9 -4.1 -2.0 7.0 -4.1 01-13 | Fresh and dry vegetables 2/.........................| 108.8 107.6 122.4 7.0 13.8 -19.9 -6.7 13.8 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 85.8 95.3 70.0 -21.8 -26.5 19.3 24.6 -30.6 02-11 | Bakery products 2/..................................| 179.0 180.2 180.6 1.8 .2 .1 .4 .2 02-13 | Milled rice 2/......................................| 106.0 105.0 102.9 -18.9 -2.0 -.6 -1.0 -2.0 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.0 122.0 121.7 -.7 -.2 0 0 -.2 02-21-01 | Beef and veal.......................................| 109.0 110.1 111.8 8.8 1.5 2.5 -1.4 1.8 02-21-04 | Pork................................................| 96.9 110.3 111.1 26.4 .7 6.2 4.5 2.2 02-22-03 | Processed young chickens............................| 110.9 104.7 106.4 -6.1 1.6 -.8 -4.3 1.6 02-22-06 | Processed turkeys...................................| 104.5 91.6 91.9 1.8 .3 -.2 -2.1 -1.6 02-23 | Finfish and shellfish...............................| 198.9 207.3 197.5 -1.7 -4.7 2.2 6.2 -4.7 02-3 | Dairy products......................................| 141.3 130.1 130.5 -8.0 .3 1.6 -1.4 1.0 02-4 | Processed fruits and vegetables 2/..................| 128.3 129.5 129.4 .8 -.1 -.5 .4 -.1 02-55 | Confectionery end products 2/.......................| 170.8 170.4 170.4 .5 0 -.3 .1 0 02-62 | Soft drinks.........................................| 139.4 143.0 143.4 4.5 .3 -.6 2.1 .3 02-63-01 | Roasted coffee 2/...................................| 132.1 139.6 139.7 2.9 .1 5.3 -.1 .1 02-78 | Shortening and cooking oils 2/......................| 135.2 136.9 132.8 -6.5 -3.0 1.9 .1 -3.0 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 133.6 135.4 137.3 8.1 1.4 -.1 1.7 1.7 | | 02-61 | Alcoholic beverages.................................| 136.7 140.1 137.9 1.5 -1.6 .3 2.3 -1.4 03-81-01 | Women's apparel 2/..................................| 123.8 123.6 123.6 .1 0 -.3 .1 0 03-81-02 | Men's and boys' apparel.............................| 132.7 133.0 133.3 -.1 .2 -.2 .2 .1 03-81-03 | Girls', children's, and infants' apparel 2/.........| 117.3 118.0 119.9 .8 1.6 0 0 1.6 03-82 | Textile housefurnishings 2/.........................| 122.3 122.2 122.2 -.7 0 -.1 .2 0 04-3 | Footwear 2/.........................................| 144.6 145.1 144.9 .2 -.1 .1 .1 -.1 05-41 | Residential electric power (Dec. 1990=100)..........| 107.6 107.0 107.3 .1 .3 -.1 .1 .2 05-51 | Residential gas (Dec. 1990=100).....................| 121.2 119.5 118.9 8.4 -.5 -.2 1.9 .7 05-71 | Gasoline............................................| 73.8 84.7 96.6 100.8 14.0 3.0 12.9 14.9 05-73-02-01| Fuel oil No. 2......................................| 71.4 97.3 92.4 115.4 -5.0 6.2 30.6 -.4 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 339.4 340.6 342.9 3.4 .7 .4 -.2 .7 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 186.5 187.1 187.6 1.1 .3 .1 .1 .3 06-71 | Soaps and synthetic detergents 2/...................| 127.3 127.0 127.1 1.2 .1 .2 -.4 .1 06-75 | Cosmetics and other toilet preparations 2/..........| 136.6 136.2 136.3 1.2 .1 -.1 -.2 .1 07-12 | Tires, tubes, tread, etc 2/.........................| 93.4 92.2 92.8 .5 .7 0 -1.4 .7 09-15-01 | Sanitary papers and health products 2/..............| 145.3 144.9 145.0 -.5 .1 .1 1.0 .1 09-31-01 | Newspaper circulation 2/............................| 207.1 207.2 207.2 0 0 0 0 0 09-32-01 | Periodical circulation..............................| 197.3 198.5 197.7 .8 -.4 -1.0 .6 -.2 09-33 | Book publishing.....................................| 217.6 217.9 217.9 2.1 0 .4 .5 0 12-1 | Household furniture 2/..............................| 151.2 151.5 152.1 1.3 .4 .1 -.1 .4 12-3 | Floor coverings 2/..................................| 127.7 128.3 128.9 1.2 .5 -.5 .3 .5 12-4 | Household appliances ...............................| 108.2 108.2 107.9 -.5 -.3 .1 .4 -.6 12-5 | Home electronic equipment 2/........................| 72.7 72.6 71.7 -3.4 -1.2 -.8 0 -1.2 12-62 | Household glassware.................................| 164.2 164.3 165.7 1.7 .9 0 0 .5 12-64 | Household flatware 2/...............................| 139.3 140.0 140.0 0 0 0 0 0 12-66 | Lawn and garden equip., ex. tractors 2/.............| 131.8 132.3 132.2 -.1 -.1 .1 .2 -.1 14-11-01 | Passenger cars......................................| 135.7 133.5 133.4 1.6 -.1 .1 -1.2 .5 15-11 | Toys, games, and children's vehicles................| 121.4 122.3 121.3 -2.2 -.8 -.4 -.4 -.6 15-12 | Sporting and athletic goods 2/......................| 126.0 126.5 126.5 .2 0 -.1 .6 0 15-2 | Tobacco products 2/.................................| 394.7 399.6 399.0 9.8 -.2 -4.2 5.6 -.2 15-5 | Mobile homes 2/.....................................| 160.0 159.8 160.1 2.3 .2 .3 -.1 .2 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 126.9 127.7 127.2 -.5 -.4 0 .5 -.4 15-94-04 | Costume jewelry and novelties 2/....................| 140.4 140.4 140.7 .4 .2 -.6 -.9 .2 | | | CAPITAL EQUIPMENT.....................................| 138.3 138.4 138.5 .6 .1 .1 0 .1 | | 11-1 | Agricultural machinery and equipment 2/.............| 152.8 151.7 152.0 .5 .2 .1 0 .2 11-2 | Construction machinery and equipment................| 147.6 148.4 148.5 1.3 .1 -.3 -.1 .1 11-37 | Metal cutting machine tools 2/......................| 160.9 161.5 162.3 1.2 .5 .3 0 .5 11-38 | Metal forming machine tools 2/......................| 159.9 160.1 160.6 .8 .3 .1 0 .3 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 140.4 140.8 141.4 1.7 .4 .1 .2 .4 11-41 | Pumps, compressors, and equipment...................| 151.9 153.0 153.4 1.1 .3 .5 -.5 .1 11-44 | Industrial material handling equipment 2/...........| 133.3 133.6 133.9 .8 .2 -.1 .3 .2 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 81.4 76.8 76.5 -18.5 -.4 -1.1 -3.3 -.4 11-62 | Textile machinery 2/................................| 154.6 155.6 155.7 1.0 .1 0 .4 .1 11-64 | Paper industries machinery (June 1982=100)..........| 163.2 163.7 165.0 1.7 .8 -.1 .3 .8 11-65 | Printing trades machinery 2/........................| 141.2 141.7 141.5 .6 -.1 .1 .1 -.1 11-74 | Transformers and power regulators 2/................| 134.5 135.4 136.0 4.0 .4 .2 .4 .4 11-76 | Communication & related equip. (Dec. 1985=100)......| 111.3 111.3 110.9 -2.8 -.4 -1.0 -.3 -.2 11-79-05 | X-ray and electromedical equipment 2/...............| 103.3 103.0 101.6 -4.4 -1.4 -.1 .1 -1.4 11-91 | Oil field and gas field machinery ..................| 126.6 127.9 127.8 1.1 -.1 -.3 .9 -.1 11-92 | Mining machinery and equipment 2/...................| 144.4 145.0 145.6 1.3 .4 .1 .2 .4 11-93 | Office and store machines and equipment 2/..........| 112.6 112.5 113.2 1.2 .6 0 .1 .6 12-2 | Commercial furniture 2/.............................| 157.2 157.6 157.9 1.3 .2 .1 .1 .2 14-11-05 | Light motor trucks..................................| 159.5 157.6 157.8 0 .1 -.8 -.1 .5 14-11-06 | Heavy motor trucks 2/...............................| 147.4 147.9 148.4 1.8 .3 0 .1 .3 14-14 | Truck trailers 2/...................................| 137.5 138.3 138.1 2.1 -.1 .6 .1 -.1 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 153.2 155.0 156.4 3.6 .9 1.0 .6 1.0 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 146.4 .4 .4 0 0 .4 14-4 | Railroad equipment 2/...............................| 135.3 135.3 135.6 .7 .2 .3 -.1 .2 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 125.2 126.8 127.9 6.0 .9 .4 .8 .9 | | | INTERMEDIATE FOODS AND FEEDS..........................| 111.6 110.3 110.8 -.2 .5 0 .6 .5 | | 02-12-03 | Flour 2/............................................| 103.9 102.6 102.6 -4.6 0 2.6 .8 0 02-53 | Refined sugar 2/....................................| 119.1 115.0 114.7 -6.1 -.3 -1.3 -1.3 -.3 02-54 | Confectionery materials.............................| 93.9 93.4 93.9 .4 .5 1.3 -2.2 .5 02-72 | Crude vegetable oils 2/.............................| 78.9 76.0 77.6 -18.2 2.1 -4.0 -.1 2.1 02-9 | Prepared animal feeds 2/............................| 99.6 101.6 102.6 5.8 1.0 -.3 2.4 1.0 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 126.0 127.7 128.8 6.3 .9 .4 .8 1.0 | | 03-1 | Synthetic fibers 2/.................................| 103.4 105.1 105.4 .7 .3 -.6 1.9 .3 03-2 | Processed yarns and threads 2/......................| 107.8 107.7 107.0 -1.7 -.6 -.1 .1 -.6 03-3 | Gray fabrics 2/.....................................| 112.4 112.7 109.3 -7.1 -3.0 .4 .9 -3.0 03-4 | Finished fabrics....................................| 121.9 121.9 122.0 -.8 .1 -1.0 -.1 0 03-83-03 | Industrial textile products 2/......................| 129.7 130.7 130.4 1.2 -.2 -.2 .6 -.2 04-2 | Leather.............................................| 177.8 178.9 179.8 2.5 .5 .9 -.3 .6 05-32 | Liquefied petroleum gas 2/..........................| 103.4 106.5 136.8 174.7 28.5 -1.6 6.2 28.5 ____________________________________________________________________________________________________________________________________ See footnotes at end of table. Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing - Continued (1982=100 unless otherwise indicated) ____________________________________________________________________________________________________________________________________ | | |Unadjusted | | | | percent |Seasonally adjusted | | Unadjusted index |change to |percent change from: Commodity | | |Mar. 2000 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Nov. |Feb. |Mar. | Mar. | Feb. |Dec. to|Jan. to|Feb. to | |1999 1/|2000 1/|2000 1/| 1999 | 2000 | Jan. | Feb. | Mar. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 126.3 125.7 125.8 0.9 0.1 -0.6 0.2 0.2 05-43 | Industrial electric power...........................| 127.5 127.0 126.8 1.0 -.2 -1.1 .2 -.3 05-52 | Commercial natural gas (Dec. 1990=100)..............| 118.9 115.6 115.4 9.8 -.2 2.4 1.5 1.2 05-53 | Industrial natural gas (Dec. 1990=100)..............| 116.0 113.0 111.9 13.0 -1.0 .9 2.7 1.2 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 96.9 103.4 101.3 34.5 -2.0 10.1 3.5 .6 05-72-03 | Jet fuels...........................................| 65.6 81.9 83.8 120.5 2.3 7.0 6.4 8.1 05-73-03 | No. 2 Diesel fuel...................................| 71.9 85.4 90.2 108.8 5.6 4.4 13.1 7.2 05-74 | Residual fuel 2/....................................| 67.2 73.8 78.1 130.4 5.8 .3 0 5.8 06-1 | Industrial chemicals 2/.............................| 122.8 126.8 128.8 10.7 1.6 1.1 1.0 1.6 06-21 | Prepared paint......................................| 157.5 160.2 160.2 2.0 0 .4 .9 -.1 06-22 | Paint materials 2/..................................| 144.1 145.2 147.6 2.4 1.7 -.7 1.5 1.7 06-31 | Medicinal and botanical chemicals 2/................| 144.0 144.0 143.9 3.7 -.1 -.6 .3 -.1 06-4 | Fats and oils, inedible 2/..........................| 97.8 75.7 75.1 -3.0 -.8 -5.9 -13.8 -.8 06-51 | Mixed fertilizers...................................| 111.4 111.6 112.3 -2.1 .6 -.1 -.9 .2 06-52-01 | Nitrogenates........................................| 96.8 105.5 108.1 11.9 2.5 3.1 3.2 1.2 06-52-02 | Phosphates 2/.......................................| 105.4 104.7 101.7 -10.9 -2.9 -.2 -.1 -2.9 06-53 | Other agricultural chemicals 2/.....................| 144.2 144.8 145.8 .6 .7 -1.5 .3 .7 06-6 | Plastic resins and materials 2/.....................| 135.8 134.8 138.0 17.6 2.4 1.0 -1.8 2.4 07-11-02 | Synthetic rubber 2/.................................| 115.0 116.3 114.2 .3 -1.8 .3 .7 -1.8 07-21 | Plastic construction products ......................| 132.0 134.4 136.4 9.6 1.5 2.3 .1 1.6 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 130.3 131.2 130.7 4.0 -.4 .1 .5 -.4 07-26 | Plastic parts and components for manufacturing 2/...| 117.1 117.2 117.4 .2 .2 .2 -.1 .2 08-11 | Softwood lumber 2/..................................| 190.5 194.8 192.3 -.6 -1.3 1.0 .4 -1.3 08-12 | Hardwood lumber ....................................| 181.0 182.7 184.9 5.1 1.2 .2 .4 1.0 08-2 | Millwork 2/.........................................| 175.5 175.3 176.5 2.4 .7 .3 -.4 .7 08-3 | Plywood 2/..........................................| 159.5 163.0 166.2 -3.9 2.0 .9 .3 2.0 09-11 | Woodpulp 2/.........................................| 128.1 136.8 138.8 22.0 1.5 4.9 -.2 1.5 09-13 | Paper 2/............................................| 144.7 146.8 148.2 5.9 1.0 .4 .6 1.0 09-14 | Paperboard 2/.......................................| 162.2 164.5 175.4 19.8 6.6 -.1 1.4 6.6 09-15-03 | Paper boxes and containers 2/.......................| 164.3 165.2 167.1 10.4 1.2 .8 -.1 1.2 09-2 | Building paper and board 2/.........................| 141.2 144.1 147.0 6.7 2.0 1.1 .8 2.0 09-37 | Commercial printing (June 1982=100) 2/..............| 152.7 152.5 153.5 .8 .7 -.1 -.1 .7 10-15 | Foundry and forge shop products.....................| 135.0 135.5 135.5 .2 0 -.1 -.1 -.1 10-17 | Steel mill products 2/..............................| 105.4 107.2 108.0 2.5 .7 .2 .9 .7 10-22 | Primary nonferrous metals 2/........................| 109.7 117.4 115.4 24.2 -1.7 3.5 1.3 -1.7 10-25-01 | Aluminum mill shapes 2/.............................| 142.7 149.0 149.0 10.9 0 1.1 2.3 0 10-25-02 | Copper and brass mill shapes 2/.....................| 158.1 162.7 160.9 12.6 -1.1 1.3 .2 -1.1 10-26 | Nonferrous wire and cable 2/........................| 138.6 141.7 144.2 8.2 1.8 1.3 1.4 1.8 10-3 | Metal containers 2/.................................| 106.5 106.7 106.7 -.3 0 .2 .1 0 10-4 | Hardware............................................| 149.8 150.3 150.6 2.2 .2 -.1 .3 .1 10-5 | Plumbing fixtures and brass fittings................| 177.4 179.6 180.1 2.2 .3 .2 -.2 .1 10-6 | Heating equipment...................................| 154.2 154.4 154.3 .5 -.1 -.1 0 .2 10-7 | Fabricated structural metal products................| 144.3 144.9 145.5 1.9 .4 .3 .2 .3 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.4 130.4 130.6 -.2 .2 .5 -.1 .2 10-89 | Other misc. metal products 2/.......................| 125.6 125.8 126.0 .5 .2 0 0 .2 11-45 | Mechanical power transmission equipment.............| 161.7 162.8 163.2 1.8 .2 -.3 .1 .3 11-48 | Air conditioning and refrigeration equipment........| 134.5 135.2 135.2 -.3 0 -1.2 .6 0 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.4 161.0 162.0 1.1 .6 0 .1 .6 11-49-05 | Ball and roller bearings............................| 166.9 167.9 168.0 .9 .1 -.2 .3 .1 11-71 | Wiring devices......................................| 153.1 152.9 153.1 .9 .1 .1 -.5 -.1 11-73 | Motors, generators, motor generator sets............| 145.6 145.9 146.1 -.2 .1 -.3 .2 .1 11-75 | Switchgear, switchboard, etc., equipment............| 152.0 152.5 152.0 1.3 -.3 -.1 .5 -.3 11-78 | Electronic components and accessories 2/............| 98.2 97.1 96.9 -1.7 -.2 -.8 -.7 -.2 11-94 | Internal combustion engines.........................| 143.1 143.1 143.4 .4 .2 -.3 -.1 .4 11-95 | Machine shop products 2/............................| 137.0 137.4 137.5 .5 .1 .3 0 .1 13-11 | Flat glass 2/.......................................| 106.4 108.0 107.7 1.8 -.3 1.0 .6 -.3 13-22 | Cement..............................................| 150.9 150.4 149.7 .2 -.5 -.2 -.1 -.1 13-3 | Concrete products...................................| 144.5 145.4 146.1 2.3 .5 .7 -.1 .3 13-6 | Asphalt felts and coatings 2/.......................| 100.5 100.2 101.0 2.6 .8 -.1 .2 .8 13-7 | Gypsum products 2/..................................| 223.2 229.9 221.5 11.8 -3.7 0 1.1 -3.7 13-8 | Glass containers 2/.................................| 125.7 127.4 127.4 1.2 0 .3 1.0 0 14-12 | Motor vehicle parts 2/..............................| 113.9 113.5 113.3 -.7 -.2 .1 -.1 -.2 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 138.6 138.5 139.8 .4 .9 -1.0 0 .6 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 143.5 142.5 142.5 -.8 0 0 .1 0 15-42 | Photographic supplies 2/............................| 128.1 124.4 123.9 -3.4 -.4 -2.9 0 -.4 15-6 | Medical/surgical/personal aid devices...............| 145.0 145.7 145.6 .8 -.1 0 .1 -.1 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 109.2 111.2 113.3 27.3 1.9 2.7 4.2 1.8 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 99.5 97.6 101.3 2.5 3.8 .7 .7 3.5 | | 01-21 | Wheat 2/............................................| 81.3 80.3 80.2 .8 -.1 4.6 3.7 -.1 01-22-02-05| Corn 2/.............................................| 74.4 82.8 87.8 3.7 6.0 5.3 7.4 6.0 01-31 | Slaughter cattle 2/.................................| 101.6 101.2 107.4 10.3 6.1 -.1 -1.0 6.1 01-32 | Slaughter hogs......................................| 55.2 65.9 70.7 57.8 7.3 9.7 -.7 9.2 01-41-02 | Slaughter broilers/fryers...........................| 139.5 118.5 121.9 -7.7 2.9 -4.9 -4.1 1.9 01-42 | Slaughter turkeys...................................| 138.7 100.4 108.8 4.7 8.4 4.8 -2.3 2.6 01-6 | Fluid milk..........................................| 104.6 88.8 88.6 -19.5 -.2 1.7 0 1.7 01-83-01-31| Soybeans 2/.........................................| 78.6 83.9 87.1 11.0 3.8 4.1 5.4 3.8 02-52-01-01| Cane sugar,raw 2/...................................| 100.2 92.7 100.2 -15.2 8.1 -.2 -4.2 8.1 | | | CRUDE NONFOOD MATERIALS..............................| 111.9 116.5 117.5 48.5 .9 4.0 6.5 .8 | | 01-51-01-01| Raw cotton..........................................| 80.3 89.4 99.2 1.8 11.0 10.2 2.4 6.1 01-92-01-01| Leaf tobacco 2/.....................................| 107.3 112.9 110.5 -4.3 -2.1 -.3 1.1 -2.1 04-11 | Cattle hides 2/.....................................| 143.0 154.4 151.8 14.3 -1.7 -2.9 -1.3 -1.7 05-1 | Coal 2/.............................................| 89.2 87.0 88.8 -5.1 2.1 2.3 -2.6 2.1 05-31 | Natural gas 2/......................................| 121.5 109.2 106.2 58.5 -2.7 9.0 9.0 -2.7 05-61 | Crude petroleum 2/..................................| 66.7 83.8 88.1 164.6 5.1 0 16.6 5.1 08-5 | Logs, timber, etc...................................| 205.6 209.2 206.1 2.8 -1.5 .1 -.9 -1.6 09-12 | Wastepaper 2/.......................................| 234.6 285.9 315.9 122.2 10.5 18.4 -.9 10.5 10-11 | Iron ore 2/.........................................| 94.8 94.8 94.8 -.4 0 0 0 0 10-12 | Iron and steel scrap 2/.............................| 154.7 162.1 159.8 27.4 -1.4 1.3 -3.7 -1.4 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 66.9 69.9 67.5 11.8 -3.4 2.7 3.2 -3.4 10-23-01 | Copper base scrap 2/................................| 114.3 122.6 120.6 20.7 -1.6 4.6 1.1 -1.6 10-23-02 | Aluminum base scrap.................................| 174.2 193.2 191.4 31.4 -.9 4.3 2.6 -.6 13-21 | Construction sand, gravel, and crushed stone........| 158.7 160.1 160.1 2.6 0 -.1 .4 -.1 ____________________________________________________________________________________________________________________________________ 1/ The indexes for November 1999 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes are subject 3/ Not available. to revision 4 months after original publication. Table 3. Producer price indexes for selected commodity groupings (1982=100 unless otherwise indicated) _______________________________________________________________________________________________ | | | | | Unadjusted index 1/ | Commodity| |___________________________________| code | Grouping | Nov. 1999 | Feb. 2000 |March 2000 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 378.6 | 381.5 | 384.5 | | All commodities................................| 128.3 | 129.8 | 131.0 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 120.5 | 120.5 | 121.6 | 01 | Farm products................................| 97.8 | 97.3 | 100.5 | 02 | Processed foods and feeds....................| 131.8 | 131.9 | 132.0 | | | | | | | Industrial commodities.........................| 129.8 | 131.6 | 132.8 | 03 | Textile products and apparel.................| 120.6 | 120.8 | 120.6 | 04 | Hides, skins, leather, and related products..| 146.6 | 148.7 | 148.4 | 05 | Fuels and related products and power 2/......| 89.4 | 93.5 | 97.0 | 06 | Chemicals and allied products 2/.............| 147.1 | 148.6 | 150.0 | 07 | Rubber and plastic products..................| 123.5 | 124.0 | 124.1 | 08 | Lumber and wood products.....................| 181.6 | 183.8 | 183.8 | 09 | Pulp, paper, and allied products.............| 177.7 | 180.0 | 181.9 | 10 | Metals and metal products....................| 126.6 | 128.7 | 128.7 | 11 | Machinery and equipment......................| 124.0 | 124.0 | 123.9 | 12 | Furniture and household durables.............| 131.9 | 132.3 | 132.3 | 13 | Nonmetallic mineral products.................| 140.3 | 141.8 | 141.8 | 14 | Transportation equipment.....................| 143.3 | 142.9 | 143.1 | 15 | Miscellaneous products.......................| 169.6 | 170.1 | 170.1 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 140.8 | 141.7 | 142.1 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 105.9 | 107.3 | 110.8 | 01-2 | Grains.........................................| 77.2 | 82.4 | 85.9 | 01-3 | Slaughter livestock............................| 89.6 | 92.4 | 98.3 | 01-4 | Slaughter poultry..............................| 137.7 | 113.4 | 117.8 | 01-5 | Plant and animal fibers........................| 79.4 | 88.1 | 97.6 | 01-7 | Chicken eggs...................................| 101.7 | 112.3 | 79.6 | 01-8 | Hay, hayseeds, and oilseeds....................| 97.1 | 103.3 | 106.8 | 01-83 | Oilseeds.......................................| 87.1 | 94.4 | 98.3 | 01-9 | Other farm products............................| 160.0 | 168.3 | 164.8 | 02-1 | Cereal and bakery products.....................| 157.1 | 157.6 | 157.7 | 02-2 | Meats, poultry, and fish.......................| 116.2 | 118.8 | 119.3 | 02-22 | Processed poultry..............................| 114.1 | 108.9 | 109.9 | 02-5 | Sugar and confectionery........................| 134.2 | 132.6 | 133.1 | 02-6 | Beverages and beverage materials...............| 139.0 | 142.6 | 141.9 | 02-63 | Packaged beverage materials....................| 130.6 | 137.0 | 137.1 | 02-7 | Fats and oils..................................| 114.1 | 113.5 | 112.6 | 03-81 | Apparel........................................| 126.9 | 127.0 | 127.2 | 04-4 | Other leather and related products.............| 145.8 | 146.0 | 146.0 | 05-3 | Gas fuels 2/...................................| 115.2 | 107.1 | 112.6 | 05-4 | Electric power.................................| 126.4 | 125.8 | 125.9 | 05-7 | Refined petroleum products.....................| 71.7 | 83.7 | 91.0 | 06-3 | Drugs and pharmaceuticals......................| 254.3 | 254.9 | 256.2 | 06-5 | Agricultural chemicals and products............| 121.7 | 123.6 | 123.7 | 06-7 | Other chemicals and allied products............| 135.8 | 135.9 | 136.4 | 07-1 | Rubber and rubber products.....................| 114.6 | 114.3 | 114.2 | 07-11 | Rubber, except natural rubber..................| 114.5 | 115.7 | 113.6 | 07-13 | Miscellaneous rubber products..................| 138.2 | 138.4 | 138.4 | 07-2 | Plastic products...............................| 130.9 | 131.7 | 131.9 | 08-1 | Lumber.........................................| 185.6 | 189.1 | 188.0 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 153.5 | 156.4 | 159.6 | 09-15 | Converted paper and paperboard products........| 157.5 | 158.2 | 159.2 | 10-1 | Iron and steel.................................| 115.5 | 117.5 | 117.8 | 10-2 | Nonferrous metals..............................| 124.2 | 129.9 | 129.0 | 10-25 | Nonferrous mill shapes.........................| 137.8 | 143.3 | 143.2 | 11-3 | Metalworking machinery and equipment...........| 148.5 | 149.1 | 149.4 | 11-4 | General purpose machinery and equipment........| 149.4 | 150.1 | 150.4 | 11-6 | Special industry machinery.....................| 161.7 | 162.6 | 163.0 | 11-7 | Electrical machinery and equipment.............| 119.3 | 119.0 | 118.7 | 11-9 | Miscellaneous machinery and equipment..........| 133.4 | 133.6 | 133.8 | 12-6 | Other household durable goods..................| 153.2 | 154.6 | 154.7 | 13-2 | Concrete ingredients...........................| 153.2 | 153.8 | 153.6 | 14-1 | Motor vehicles and equipment...................| 133.7 | 132.5 | 132.4 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.0 | 132.9 | 132.6 | 15-4 | Photographic equipment and supplies............| 110.7 | 108.4 | 108.4 | 15-9 | Other miscellaneous products...................| 135.7 | 136.7 | 136.6 | __________________________________________________________|___________|___________|___________| 1/ Data for November 1999 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 2/ Prices of some items in this grouping are lagged 1 month. Table 4. Producer price indexes for the net output of major industry groups, not seasonally adjusted __________________________________________________________________________________________________________________ | | | Index | Percent change Industry | Industry 1/ |Index|_______________________|to_Mar._2000_from: code | |base | | | | | | | |Nov. |Feb. |Mar. | Mar. | Feb. | | |1999 2/|2000 2/|2000 2/| 1999 | 2000 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 95.1 97.3 100.1 57.9 2.9 10 | Metal mining................................ |12/84| 73.4 75.5 73.6 7.8 -2.5 12 | Coal mining................................. |12/85| 86.1 84.6 85.8 -3.9 1.4 13 | Oil and gas extraction...................... |12/85| 101.6 104.5 108.6 85.3 3.9 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 134.4 135.0 135.2 1.2 .1 | | | |Total manufacturing industries............... |12/84| 130.3 132.0 133.0 5.3 .8 20 | Food and kindred products................... |12/84| 127.1 127.3 127.5 1.5 .2 21 | Tobacco manufactures........................ |12/84| 344.5 348.6 347.3 10.0 -.4 22 | Textile mill products....................... |12/84| 115.9 116.3 116.0 -.9 -.3 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.4 125.3 125.3 .1 0 24 | Lumber and wood products, except furniture.. |12/84| 159.6 161.9 162.0 1.2 .1 25 | Furniture and fixtures...................... |12/84| 142.0 142.4 142.8 1.6 .3 26 | Paper and allied products................... |12/84| 140.2 141.5 143.5 7.7 1.4 27 | Printing, publishing, and allied industries. |12/84| 179.1 180.6 181.2 2.4 .3 28 | Chemicals and allied products............... |12/84| 153.0 154.1 154.8 4.9 .5 29 | Petroleum refining and related products..... |12/84| 89.5 103.7 112.2 87.3 8.2 30 | Rubber and miscellaneous plastic products... |12/84| 123.3 123.7 124.0 2.2 .2 31 | Leather and leather products................ |12/84| 137.0 137.5 137.5 1.0 0 32 | Stone, clay, glass, and concrete products... |12/84| 133.7 134.5 134.7 2.3 .1 33 | Primary metal industries.................... |12/84| 117.1 119.1 119.8 4.4 .6 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 129.6 130.1 130.4 1.3 .2 35 | Machinery, except electrical................ |12/84| 117.1 117.3 117.4 0 .1 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.1 108.8 108.5 -1.2 -.3 37 | Transportation equipment.................... |12/84| 136.2 135.9 136.1 1.3 .1 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 125.3 126.0 125.9 -.4 -.1 39 | Miscellaneous manufacturing industries...... |12/85| 130.2 131.0 130.9 .4 -.1 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 101.6 102.1 102.2 1.3 .1 42 | Motor freight transportation and warehousing |06/93| 115.5 116.8 118.1 3.5 1.1 43 | United states postal service................ |06/89| 135.2 135.2 135.2 -.1 0 44 | Water transportation........................ |12/92| 116.7 117.5 117.2 10.8 -.3 45 | Transportation by air....................... |12/92| 133.4 136.8 138.4 7.4 1.2 46 | Pipe lines, except natural gas.............. |12/86| 98.2 101.9 101.9 3.8 0 80 | Health services............................. |12/94| 110.6 111.6 111.7 2.1 .1 81 | Legal services.............................. |12/96| 109.5 110.2 110.6 2.2 .4 __________________________________________________________________________________________________________________ 1/ Indexes in this table are derived from the net-output-weighted industry price indexes. Because of differences in coverage and aggregation methodology, they will generally not match the movements of similarly-titled indexes which are derived from traditional commodity groupings. 2/ The indexes for November 1999 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. Table 5. Producer price indexes by stage of processing, seasonally adjusted (1982=100) _____________________________________________________________________________________________________________ | | Index 1/ |_____________________________________________________ Grouping | | | | | | | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | 1999 | 1999 | 1999 | 2000 | 2000 | 2000 _______________________________________________________|________|________|________|________|________|________ | Finished goods...................................| 134.6 134.7 135.0 135.0 136.4 137.7 Finished consumer goods........................| 134.0 134.2 134.5 134.5 136.3 138.0 Finished consumer foods......................| 135.7 135.4 135.5 135.7 136.3 136.5 Crude......................................| 118.6 119.0 123.4 118.1 123.1 119.2 Processed..................................| 137.1 136.7 136.5 137.1 137.4 137.9 Finished consumer goods, excluding foods.....| 133.2 133.5 133.9 133.8 136.1 138.4 Nondurable goods less foods................| 131.3 131.9 132.4 132.2 135.7 138.8 Durable goods..............................| 133.7 133.5 133.9 133.7 133.3 133.6 Capital equipment..............................| 137.9 137.8 138.0 138.1 138.1 138.3 Manufacturing industries.....................| 138.6 138.6 138.8 139.0 139.0 139.2 Nonmanufacturing industries..................| 137.6 137.5 137.6 137.7 137.7 138.0 | Intermediate materials, supplies, and components.| 124.9 125.2 125.8 126.3 127.3 128.5 Materials and components for manufacturing.....| 126.0 126.0 126.1 126.5 126.9 127.5 Materials for food manufacturing.............| 122.2 121.0 118.5 118.5 118.3 118.7 Materials for nondurable manufacturing.......| 127.8 127.9 128.4 129.1 129.7 131.3 Materials for durable manufacturing..........| 126.5 126.7 127.4 128.4 129.4 129.4 Components for manufacturing.................| 125.8 125.8 125.8 125.7 125.6 125.7 Materials and components for construction......| 149.1 149.5 149.9 150.5 150.9 151.4 Processed fuels and lubricants.................| 88.6 90.2 92.6 93.4 97.2 101.3 Manufacturing industries ....................| 91.2 92.9 94.4 94.0 96.4 98.9 Nonmanufacturing industries..................| 86.8 88.4 91.3 92.7 97.3 102.3 Containers.....................................| 146.3 146.4 146.4 147.2 147.3 148.4 Supplies.......................................| 134.9 135.0 135.2 135.2 135.5 136.0 Manufacturing industries.....................| 141.3 141.4 141.6 141.7 141.7 142.3 Nonmanufacturing industries..................| 132.1 132.2 132.4 132.4 132.7 133.2 Feeds......................................| 90.3 90.7 90.7 90.4 93.1 94.3 Other supplies.............................| 137.1 137.2 137.4 137.4 137.5 137.9 | Crude materials for further processing...........| 104.2 109.6 104.6 107.4 111.9 113.9 Foodstuffs and feedstuffs......................| 99.2 100.2 98.1 98.8 99.5 103.0 Nonfood materials..............................| 103.9 112.1 105.2 109.4 116.5 117.4 Nonfood materials except fuel 2/.............| 100.8 105.2 109.9 111.9 119.5 122.2 Manufacturing 2/...........................| 92.2 96.3 100.8 102.6 109.9 112.5 Construction...............................| 199.2 200.5 201.5 203.5 204.3 202.5 Crude fuel 3/................................| 99.8 112.6 90.5 97.3 103.0 101.4 Manufacturing industries...................| 99.6 112.3 90.5 96.2 103.1 100.7 Nonmanufacturing industries................| 101.6 114.6 92.1 99.1 104.8 103.3 | Special groupings | | Finished goods, excluding foods..................| 134.2 134.4 134.8 134.7 136.3 138.0 Intermediate materials less foods and feeds......| 125.6 126.0 126.7 127.2 128.2 129.5 Intermediate foods and feeds.....................| 112.4 111.7 109.9 109.9 110.6 111.2 Crude materials less agricultural products 2/....| 104.4 112.9 105.7 109.9 117.2 118.0 | Finished energy goods............................| 83.1 84.0 84.8 85.4 89.8 95.0 Finished goods less energy.......................| 143.8 143.6 143.8 143.6 144.1 144.3 Finished consumer goods less energy..............| 146.2 146.1 146.2 145.9 146.6 146.8 | Finished goods less foods and energy.............| 147.0 146.9 147.0 146.7 147.2 147.4 Finished consumer goods less foods and energy....| 153.0 152.9 153.1 152.5 153.3 153.4 Consumer nondurable goods less foods and energy..| 168.1 168.2 168.2 167.1 168.9 168.9 | Intermediate energy goods........................| 88.3 89.9 92.3 93.0 96.9 101.0 Intermediate materials less energy...............| 132.9 133.0 133.2 133.5 133.8 134.4 Intermediate materials less foods and energy.....| 134.2 134.4 134.7 135.1 135.4 135.9 | Crude energy materials 2/........................| 88.7 98.9 89.0 92.9 102.2 103.4 Crude materials less energy......................| 110.1 111.2 110.5 112.3 112.7 115.2 Crude nonfood materials less energy 3/...........| 142.0 143.4 146.5 151.2 150.9 150.6 _____________________________________________________________________________________________________________ 1/ All seasonally adjusted indexes are subject to change up to 5 years after original publication due to the recalculation of seasonal factors each January. The indexes for November 1999 have been recalculated to incorporate late reports and corrections by respondents. 2/ Includes crude petroleum. 3/ Excludes crude petroleum. Technical Notes Brief Explanation of Producer Price Indexes The term Producer Price Index (PPI) refers to a family of indexes that measure the average change over time in the selling prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI); CPIs measure price change from the purchaser's perspective. Sellers' and purchasers' prices may differ due to government subsidies, sales and excise taxes, and distribution costs. Over 10,000 PPIs for individual products and groups of products are released each month. PPIs are available for the products of virtually every industry in the mining and manufacturing sectors of the U.S. economy. New PPIs are gradually being introduced for the products of industries in the transportation, utilities, trade, finance, and services sectors of the economy. Over 100,000 price quotations per month are organized into three sets of producer price indexes: (1) Stage of processing indexes; (2) commodity indexes; and (3) indexes for the net output of industries and their products. The stage-of-processing structure (tables 1, 2, and 5) organizes products by class of buyer and degree of fabrication. The commodity structure (tables 2 and 3) organizes products by similarity of end-use or material composition. The entire output of various industries is sampled to derive price indexes for the net output of industries and their products (table 4). Within the stage-of-processing system, finished goods are commodities that will not undergo further processing and are ready for sale to the final demand user, either an individual consumer or business firm. Consumer foods include unprocessed foods such as eggs and fresh vegetables, as well as processed foods such as bakery products and meats. Other finished consumer goods include durable goods such as automobiles, household furniture, and appliances; and nondurable goods such as apparel and home heating oil. Capital equipment includes producer durable goods such as heavy motor trucks, tractors, and machine tools. The stage-of-processing category for intermediate materials, supplies, and components consists partly of commodities that have been processed but require further processing. Examples of such semifinished goods include flour, cotton yarn, steel mill products, and lumber. The intermediate goods category also encompasses nondurable physically complete items purchased by business firms as inputs for their operations. Examples include diesel fuel, belts and belting, paper boxes, and fertilizers. Crude materials for further processing are products entering the market for the first time that have not been manufactured or fabricated and that are not sold directly to consumers. Crude foodstuffs and feedstuffs include items such as grains and livestock. Examples of crude nonfood materials include raw cotton, crude petroleum, coal, hides and skins, and iron and steel scrap. Producer price indexes for the net output of industries and their products are grouped according to the Standard Industrial Classification (SIC). Industry price indexes are compatible with other economic time series organized by SIC codes, such as data on employment, wages, and productivity. Table 4 lists indexes for the net output of major mining and manufacturing industry groups at the 2-digit level. Producer price indexes are based on selling prices reported by establishments of all sizes selected by probability sampling, with the probability of selection proportionate to size. Individual items and transaction terms from these firms are also chosen by probability proportionate to size. BLS strongly encourages cooperating companies to supply actual transaction prices at the time of shipment to minimize the use of list prices. Prices are normally reported by mail questionnaire for the Tuesday of the week containing the 13th. Price data are provided on a voluntary and confidential basis; no one but sworn BLS employees are allowed access to individual company price reports. The Bureau publishes price indexes instead of unit dollar prices. 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. Weights for most traditional commodity groupings of the PPI, as well as all indexes (such as stage-of-processing indexes) calculated from traditional commodity groupings, currently reflect 1992 values of shipments as reported in the Census of Manufactures and other sources. From January 1992 through December 1995, PPI weights were derived from 1987 shipment values. Industry indexes shown in table 4 are also now calculated with 1992 net output weights. This periodic update of the value weights used to calculate the PPI is done to more accurately reflect changes in production and marketing patterns in the economy. Net output values of shipments are used as weights for industry indexes. Net output values refer to the value of shipments from establishments in one industry to establishments classified in another industry. However, weights for commodity price indexes are based on gross shipment values, including shipment values between establishments within the same industry. As a result, broad commodity grouping indexes such as the all commodities index are affected by the multiple counting of price change at successive stages of processing, which can lead to exaggerated or misleading signals about inflation. Stage-of- processing indexes partially correct this defect, but industry indexes consistently correct for this at all levels of aggregation. Therefore, industry and stage-of-processing indexes are more appropriate than broad commodity groupings for economic analysis of general price trends. Effective with publication of January 1988 data, many important PPI series (including stage-of-processing groupings and most commodity groups and individual items) were placed on a new reference base, 1982=100. From 1971 through 1987, the standard reference base for most PPI series was 1967=100. Except for rounding differences, the shift to the new reference base did not alter any changes to previously published percent changes for affected PPI series. (See "Calculating Index Changes," below.) The new reference base is not used for indexes with a base later than December 1981, nor for indexes for the net output of industries and their products. For further information on the underlying concepts and methodology of the Producer Price Index, see chapter 14, "Producer Prices," in BLS Handbook of Methods (April 1997), Bulletin 2490. Reprints are available from the Bureau of Labor Statistics on request. Calculating Index Changes Each index measures price changes from a reference period which equals 100.0 (1982 or some later month). An increase of 5.5 percent from the reference period in the Finished Goods Price Index, for example, is shown as 105.5. This change can also be expressed in dollars as follows: "Prices received by domestic producers of a systematic sample of finished goods have risen from $100 in 1982 to $105.50 today." Likewise, a current index of 90.0 would indicate that prices received by producers of finished goods today are 10 percent lower than they were in 1982. Movements of price indexes from one month to another are usually expressed as percent changes rather than as changes in index points because index point changes are affected by the level of the index in relation to its base period, while percent changes are not. The example below shows the computation of index point and percent changes. Index point change Finished Goods Price Index 107.5 Less previous index 104.0 Equals index point change 3.5 Index percent change Index point change 3.5 Divided by the previous index 104.0 Equals 0.034 Result multiplied by 100 0.034 x 100 Equals percent change 3.4 Because price data are used for different purposes by different groups, the Bureau of Labor Statistics publishes seasonally adjusted as well as unadjusted changes each month. Seasonally Adjusted and Unadjusted Data Seasonally adjusted data are preferred for analyzing general price trends in the economy because they eliminate the effect of changes that normally occur at about the same time and in about the same magnitude every year--such as price movements resulting from normal weather patterns, regular production and marketing cycles, model changeovers, seasonal discounts, and holidays. For these reasons, seasonally adjusted data more clearly reveal underlying cyclical trends. Unadjusted data are of primary interest to users who need information which can be related to actual dollar values of transactions. Individuals requiring this information include marketing specialists, purchasing agents, budget and cost analysts, contract specialists, and commodity traders. It is the unadjusted data that are generally cited in escalating long-term contracts such as purchasing agreements or real estate leases. (See Escalation and Producer Price Indexes: A Guide for Contracting Parties, BLS Report 807, September 1991, available on request from BLS.) For more information, see "Appendix A: Seasonal Adjustment Methodology at BLS," in the BLS Handbook of Methods (April 1997), Bulletin 2490 and (2) "Summary of Changes to the PPI's Seasonal Adjustment Methodology" in the January 1995 issue of Producer Price Indexes.