FOR DATA ONLY: (202) 606-7828 USDL 99-246 FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN (202) 606-7705 THIS RELEASE IS EMBARGOED MEDIA CONTACT: (202) 606-5902 UNTIL 8:30 A.M. (E.D.T), FRIDAY, http://stats.bls.gov/ppihome.htm SEPTEMBER 10, 1999 Producer Price Indexes -- August 1999 The Producer Price Index for Finished Goods increased 0.5 percent in August, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This rise followed a 0.2-percent advance in July and a 0.1-percent decrease in June. The index for finished goods other than foods and energy fell 0.1 percent, after showing no change in the previous month. Prices received by producers of intermediate goods rose 0.8 percent in August, after increasing 0.6 percent in July. The crude goods index advanced 4.6 percent, following a 0.2-percent drop in the previous month. (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.) 1998 Aug. -0.3 -0.3 -1.9 0.0 -0.8 -0.3 -4.2 Sept. .2 .2 -.4 .3 -.9 -.3 -1.8 Oct. .3 .4 .8 .1 -.7 -.2 2.5 Nov. -.2 -.4 -1.3 .1 -.6 -.2 -.1 Dec. .5 0 -1.8 1.0 0 -.7 -3.6 1999 Jan. .3 1.5 .8 -.2 .8 0 .6 Feb. -.5 -1.2 -1.1 .1 .5 -.3 -2.3 Mar. .3 .3 1.7 -.1 .8 .3 .3 Apr. .5 r-.7 r5.5 .1 r1.2 .7 r2.5 May .2 r.3 r-.1 .1 1.4 .2 r4.8 June -.1 .4 -.3 -.2 1.5 .4 1.4 July .2 -.9 3.4 0 1.5 .6 -.2 Aug. .5 .4 3.7 -.1 2.3 .8 4.6 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April 1999 have been revised to reflect the availability of late reports and corrections by respondents. -2- The finished consumer foods index increased 0.4 percent in August, following a 0.9-percent decline in the prior month, and was primarily responsible for the finished goods acceleration from July to August. Finished energy goods prices rose somewhat more than last month. The capital equipment index showed no change, after a small decline in the previous month. By contrast, prices for finished consumer goods excluding foods and energy fell, after rising a month ago. For the first eight months of 1999, the Producer Price Index for Finished Goods increased at a 2.3-percent seasonally adjusted annual rate (SAAR), after registering no change during all of 1998. This acceleration can be attributed to the finished energy goods index, which advanced at a 22.0-percent SAAR from December 1998 to August 1999, following an 11.7- percent drop in 1998. By contrast, the index for finished goods other than foods and energy declined at a 0.4-percent SAAR over the past eight months, after advancing 2.5 percent in the 1998 calendar year. Before seasonal adjustment, the Producer Price Index for Finished Goods moved up 0.6 percent in August to stand at 133.7 (1982=100). From August 1998 to August 1999, the finished goods index increased 2.3 percent. Over the past 12 months, prices for finished energy goods advanced 10.9 percent. The index for finished goods other than foods and energy increased 1.3 percent, while the index for finished consumer foods rose 0.4 percent. Prices received by domestic producers of intermediate goods increased 1.2 percent during the 12 months ended in August 1999, and the index for crude materials advanced 8.3 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 intermedi ate Change in Exclud goods crude goods ing from Excluding from foods 12 months foods 12 months and ago Energy and ago Month Foods Energy energy (unadj.) Foods (unadj.) energy (unadj.) 1998 Aug. -0.4 -1.5 -0.1 -2.1 -1.1 -9.0 -2.8 -12.3 Sept. -.9 -.5 -.3 -2.5 -.9 -3.6 -1.2 -15.1 Oct. -.4 1.0 -.3 -2.5 3.2 5.5 -3.0 -16.6 Nov. .8 -1.1 -.2 -2.9 -.6 2.0 -2.2 -18.4 Dec. -.6 -3.5 -.2 -3.3 -4.3 -4.0 -1.7 -16.7 1999 Jan. .6 .8 -.2 -2.7 4.9 -5.0 .2 -11.4 Feb. -1.9 -.9 -.1 -2.7 -3.0 -3.6 1.2 -11.9 Mar. -1.4 2.2 .1 -2.1 -.7 2.9 -1.1 -10.5 Apr. r-1.5 r5.1 .2 -1.4 r-2.9 r12.6 r-.9 r-9.2 May r.1 r.2 .2 -1.1 r2.6 r9.3 r2.2 -4.4 June .7 -.2 .5 -.5 .4 3.1 .5 -.4 July -1.4 2.9 .4 .1 -4.8 3.7 2.3 -.7 Aug. 1.1 3.8 .2 1.2 3.8 7.2 1.8 8.3 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April 1999 have been revised to reflect the availability of late reports and corrections by respondents. -3- Finished goods Prices for finished consumer foods turned up 0.4 percent in August, following a 0.9-percent decline in July. Pork prices moved up 7.1 percent, after falling 3.8 percent in the prior month. Prices for beef and veal, fresh and dry vegetables, and processed young chickens fell less than a month ago. The indexes for dairy products and soft drinks rose more than in the previous month. Conversely, prices for eggs for fresh use increased 2.8 percent in August, following a 7.1-percent advance in July. The indexes for roasted coffee and for processed fruits and vegetables fell, after showing no change last month. Prices for finfish and shellfish turned down, after rising in the prior month. The index for finished energy goods advanced 3.7 percent in August, following a 3.4-percent increase in July. Prices for liquefied petroleum gas turned up 15.7 percent, after posting a 1.1-percent decline the month before. The indexes for residential natural gas and residential electric power rose more than in the previous month. By contrast, gasoline prices increased 9.1 percent, following a 12.7-percent advance in July. Rising prices for home heating oil also decelerated from the prior month. The index for finished lubricants turned down, after rising last month. Capital equipment prices showed no change in August, following a 0.1- percent decline in July. Rising prices for civilian aircraft, commercial furniture, construction machinery and equipment, and metal cutting machine tools were offset by falling prices for light motor trucks, electronic computers, x-ray and electromedical equipment, and heavy motor trucks. The index for finished consumer goods other than foods and energy fell 0.1 percent in August, following a 0.1-percent rise in July. Prices for sanitary papers and health products fell 2.5 percent, after registering a 1.4-percent gain in the prior month. The indexes for alcoholic beverages, soaps and synthetic detergents, and mobile homes also turned down, following increases in the previous month. Prescription drug prices rose less than last month, and the women's apparel index fell more than in July. On the other hand, prices for tires, tubes, and tread turned up 0.8 percent, after declining 1.6 percent in the previous month. Passenger car prices fell less than a month ago. The men's and boys' apparel index showed no change, following a decline in the prior month. Prices for tobacco products increased slightly, after posting no change in July. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components registered its sixth consecutive increase in August by advancing 0.8 percent, seasonally adjusted. Prices for intermediate goods rose 0.6- percent in July. During the first eight months of 1999, prices for intermediate goods rose at a 4.0-percent SAAR, following a 3.3-percent decrease in 1998. In August, the index for intermediate foods and feeds turned up, after falling in the prior month. Prices for intermediate energy goods and for nondurable manufacturing materials rose more than in the previous month. By contrast, the index for materials and components for construction turned down, after rising a month ago. Durable manufacturing material prices rose less than in the prior month. Excluding foods and energy, the index for intermediate materials increased 0.2 percent, following a 0.4-percent advance in July. (See table B.) The index for intermediate foods and feeds advanced 1.1 percent, after falling 1.4 percent a month ago. Crude vegetable oil prices rose 9.5 percent, following a 10.5-percent decline in the previous month. The indexes for pork, prepared animal feeds, and flour also turned up, after declining in the prior month. The indexes for fluid milk products, confectionery materials, and for beef and veal fell less than a month ago. By contrast, refined sugar prices fell 0.3 percent, following a 0.2-percent gain in July. The index for consumer-type canned milk products fell, after showing no change in the prior month. -4- The index for intermediate energy materials rose 3.8 percent, after increasing 2.9 percent in July. Prices for commercial electric power advanced 2.2 percent, following a 0.2-percent drop a month ago. The liquefied petroleum gas index also turned up, after falling in the previous month. Prices for industrial electric power, residual fuel, commercial natural gas, and jet fuels rose more than in the prior month. Conversely, the diesel fuel index increased 4.1 percent, following a 15.4-percent gain a month ago. Prices for gasoline and industrial natural gas also rose less than in the prior month. The index for materials for nondurable manufacturing increased 0.6 percent in August, following a 0.4-percent gain a month ago. Basic inorganic chemical prices turned up 1.5 percent, after a 2.1-percent drop in the prior month. The indexes for paint materials, phosphates, and synthetic rubber also rose, after falling in the previous month. Prices for plastic resins and materials, woodpulp, and paperboard increased more than in the prior month. By contrast, paper prices turned down 0.4 percent, following a 0.6-percent rise a month ago. The indexes for basic organic chemicals and for inedible fats and oils also fell, after rising in July. Gray fabric prices fell more than in the previous month. The index for materials and components for construction fell 0.1 percent in August, following a 0.7-percent gain in July. Softwood lumber prices turned down 6.0 percent, after a 5.9-percent advance in the prior month. The indexes for plywood, wiring devices, and for plumbing fixtures and brass fittings also fell, following increases in the previous month. Prices for plastic construction products and millwork rose less than a month ago. On the other hand, the index for gypsum products turned up 5.0 percent, following a 0.1-percent decline in the prior month. The air conditioning and refrigeration equipment index also rose, after falling in July. Nonferrous wire and cable prices rose more than in the previous month. The durable manufacturing materials index rose 0.2 percent, following a 0.8-percent advance in July. Plywood prices fell 2.7 percent, after rising 6.2 percent in the prior month. The indexes for copper and brass mill shapes, building paper and board, and for copper cathode and refined copper rose less than in the previous month. By contrast, steel mill products rose 0.2 percent, following a 0.5-percent drop a month ago. Hardwood lumber prices also turned up, after falling in the previous month. The index for aluminum mill shapes rose more than in July. Crude Goods The Producer Price Index for Crude Materials for Further Processing rose 4.6 percent in August, seasonally adjusted, following a 0.2-percent decline in July. This index advanced at an 18.6-percent SAAR during the first eight months of 1999, after falling 16.7 percent during 1998. In August, prices for crude foodstuffs and feedstuffs increased, after falling in the prior month. The index for crude energy materials rose more than last month. By contrast, prices for basic industrial materials advanced at a slower pace than in July. (See table B.) The index for crude foodstuffs and feedstuffs increased 3.8 percent, following a 4.8-percent decrease in July. Corn prices turned up 25.7 percent, after falling 16.7 percent a month ago. The indexes for soybeans, slaughter cattle, wheat, and slaughter hogs also rose, after decreasing in the prior month. On the other hand, prices for slaughter broilers and fryers and for unprocessed shellfish fell more than in the prior month. The indexes for Irish potatoes for processing, Louisiana rough rice, and raw cane sugar fell, after rising in July. Prices for crude energy materials rose 7.2 percent in August, following a 3.7-percent increase in July. This acceleration was led by the index for natural gas, which advanced 10.6 percent, after rising 3.2 percent in the prior month. In addition, coal prices fell less than in July. By contrast, the index for crude petroleum increased 6.5 percent, following a 10.0-percent advance last month. -5- Basic industrial material prices rose 1.8 percent, following a 2.3- percent rise in July. The indexes for aluminum base scrap and copper ores also increased at a slower pace in August than in the previous month. Prices for wastepaper, copper base scrap, and pulpwood logs turned down, after rising in July. By contrast, the index for raw cotton turned up 5.9 percent, following a 10.3-percent drop in the prior month. Prices for cattle hides, iron and steel scrap, and gold ores also rose, after falling in the prior month. Net output price indexes for mining, manufacturing, and other industries Mining. The Producer Price Index for the net output of total domestic mining industries rose 6.3 percent in August, after registering a 2.9- percent advance in July. (Net output price indexes are not seasonally adjusted.) Prices received by the crude petroleum, natural gas, and natural gas liquids industry rose 9.6 percent percent, following a 5.0- percent increase a month ago. The index for bituminous coal and lignite mining fell less than in July. The industry index for gold ores turned up, following a decline last month. By contrast, the index for oil and gas well drilling turned down 3.7 percent, after rising 0.2 percent in July. Price increases in the copper ores mining industry rose less than a month ago. The index for the oil and gas exploration services industry moved down, after showing no change in the previous month. In August, the Producer Price Index for the net output of total domestic mining industries stood at 83.3 (December 1984=100), 23.0 percent above its year-ago level. Manufacturing. The Producer Price Index for the net output of total domestic manufacturing industries increased 0.6 percent in August, after posting a 0.3-percent rise in July. The index for the food and kindred products industry group rose 0.8 percent, following a 0.5-percent decrease in the previous month. Prices for the photographic equipment and supplies industry also turned up, after declining in July. The index for the transportation equipment industry group fell less than in the prior month. Prices for the machinery and equipment (except electrical) industry group were unchanged in August, after decreasing in July. By contrast, the index for the lumber and wood products (except furniture) industry group turned down 1.1 percent, after rising 2.0 percent a month earlier. Price increases for the petroleum refining industry group increased less than in July. The August Producer Price Index for the net output of total domestic manufacturing industries stood at 129.0 (December 1984=100), 2.4 percent above its year-ago level. Other. Among other industries in July, the index for trucking (except local) increased 0.8 percent; the index for skilled and intermediate care facilities moved up 1.2 percent; and the air courier services index advanced 2.5 percent. Other increases include general medical and surgical hospitals, travel agencies, cable and other pay television services, scheduled air transportation, and engineering services. On the other hand, prices for the real estate agents and managers, life insurance carriers, truck rental and leasing (without drivers), radio broadcasting, operators and lessors of nonresidential buildings, and offices and clinics of doctors of medicine industries fell in August. ***** Producer Price Index data for September 1999 will be released on Friday, October 15, 1999 at 8:30 a.m. (E.D.T.) ***** Information in this news release will be made available to sensory impaired individuals upon request. Voice phone: 202-606-7828; TDD phone: 202-606- 5897; TDD Message Referral phone: 1-800-326-2577. 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| |Aug. 1999 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | Apr. |July |Aug. | Aug. | July | May to|June to |July to | 1998 1/|1999 2/|1999 2/|1999 2/| 1998 | 1999 | June | July | Aug. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 131.9 132.9 133.7 2.3 0.6 -0.1 0.2 0.5 Finished consumer goods........................| 74.783 130.4 132.0 133.1 3.0 .8 .1 .3 .7 Finished consumer foods......................| 23.285 133.4 134.3 135.7 .4 1.0 .4 -.9 .4 Crude......................................| 1.701 128.4 121.6 123.1 1.2 1.2 -1.3 -4.8 -.3 Processed..................................| 21.584 133.8 135.4 136.7 .3 1.0 .6 -.6 .4 Finished consumer goods, excluding foods.....| 51.498 129.0 130.8 131.8 4.3 .8 -.2 .9 .8 Nondurable goods less foods................| 35.202 125.7 128.8 130.3 6.2 1.2 0 1.3 1.3 Durable goods..............................| 16.296 133.1 131.8 131.5 0 -.2 -.4 -.1 -.1 Capital equipment..............................| 25.217 137.8 137.0 136.9 .1 -.1 -.3 -.1 0 Manufacturing industries.....................| 6.607 138.5 138.4 138.4 .4 0 -.1 .1 0 Nonmanufacturing industries..................| 18.610 137.5 136.5 136.3 -.1 -.1 -.4 -.2 0 | Intermediate materials, supplies, and components.| 100.000 121.6 123.6 124.7 1.2 .9 .4 .6 .8 Materials and components for manufacturing.....| 47.713 123.2 124.4 124.9 -.9 .4 .5 .2 .3 Materials for food manufacturing.............| 3.633 118.1 118.6 121.1 -2.8 2.1 .8 -1.5 1.3 Materials for nondurable manufacturing.......| 15.730 122.7 124.5 125.3 -.8 .6 .9 .4 .6 Materials for durable manufacturing..........| 10.415 123.2 126.0 126.2 -1.3 .2 .7 .8 .2 Components for manufacturing.................| 17.935 125.7 125.6 125.6 -.2 0 0 0 0 Materials and components for construction......| 14.004 148.0 150.5 150.4 2.0 -.1 .8 .7 -.1 Processed fuels and lubricants.................| 11.845 80.6 86.5 90.1 9.6 4.2 -.4 3.0 3.9 Manufacturing industries ....................| 4.580 83.9 89.6 92.3 6.0 3.0 -.2 1.9 3.1 Nonmanufacturing industries..................| 7.265 78.5 84.5 88.6 11.9 4.9 -.2 3.6 4.3 Containers.....................................| 3.881 140.4 142.0 144.5 2.7 1.8 .7 0 1.8 Supplies.......................................| 22.557 133.8 134.0 134.4 -.2 .3 .1 .1 .2 Manufacturing industries.....................| 5.131 140.3 140.6 141.0 .3 .3 0 .1 .4 Nonmanufacturing industries..................| 17.426 131.1 131.2 131.5 -.5 .2 .2 .1 .2 Feeds......................................| 1.242 88.4 87.4 88.1 -10.1 .8 .2 -.9 .8 Other supplies.............................| 16.184 136.2 136.5 136.8 .4 .2 .2 .1 .2 | Crude materials for further processing...........| 100.000 91.1 97.4 102.1 8.3 4.8 1.4 -.2 4.6 Foodstuffs and feedstuffs......................| 45.019 95.4 95.9 100.1 -3.1 4.4 .4 -4.8 3.8 Nonfood materials..............................| 54.981 84.8 94.9 99.9 17.9 5.3 2.1 3.2 5.3 Nonfood materials except fuel 3/.............| 29.160 83.4 92.9 96.2 20.1 3.6 1.4 5.1 3.5 Manufacturing 3/...........................| 27.653 75.7 84.8 87.8 20.9 3.5 1.5 5.2 3.7 Construction...............................| 1.507 194.2 195.3 198.3 2.8 1.5 1.7 .5 1.7 Crude fuel 4/................................| 25.821 80.0 90.0 96.9 14.8 7.7 3.1 .7 7.7 Manufacturing industries...................| 2.104 77.5 89.3 96.4 15.6 8.0 3.7 2.2 8.0 Nonmanufacturing industries................| 23.717 81.7 91.6 98.6 14.7 7.6 3.1 .4 7.6 | Special groupings | | Finished goods, excluding foods..................|5/ 76.715 131.3 132.3 133.0 2.9 .5 -.2 .5 .5 Intermediate materials less foods and feeds......|6/ 95.125 122.3 124.4 125.4 1.5 .8 .4 .6 .7 Intermediate foods and feeds.....................|6/ 4.875 109.0 109.0 110.9 -4.8 1.7 .7 -1.4 1.1 Crude materials less agricultural products 3/ 7/.|8/ 52.084 84.4 95.2 100.3 19.7 5.4 2.4 3.5 5.2 | Finished energy goods............................|5/ 11.972 75.9 80.7 83.6 10.9 3.6 -.3 3.4 3.7 Finished goods less energy.......................|5/ 88.028 142.3 142.3 142.5 1.0 .1 0 -.2 0 Finished consumer goods less energy..............|5/ 62.811 144.2 144.4 144.7 1.4 .2 .1 -.3 .1 | Finished goods less foods and energy.............|5/ 64.743 145.8 145.3 145.1 1.3 -.1 -.2 0 -.1 Finished consumer goods less foods and energy....|5/ 39.526 151.2 150.8 150.5 2.0 -.2 -.1 .1 -.1 Consumer nondurable goods less foods and energy..|5/ 23.230 165.2 165.8 165.5 3.6 -.2 .1 .2 -.2 | Intermediate energy goods........................|6/ 11.941 80.3 86.2 89.8 9.6 4.2 -.2 2.9 3.8 Intermediate materials less energy...............|6/ 88.059 130.7 131.9 132.3 -.1 .3 .5 .3 .3 Intermediate materials less foods and energy.....|6/ 83.184 132.1 133.4 133.7 .2 .2 .5 .4 .2 | Crude energy materials 3/........................|8/ 33.303 68.1 79.5 85.2 32.1 7.2 3.1 3.7 7.2 Crude materials less energy......................|8/ 66.697 103.9 105.7 109.4 -2.8 3.5 .4 -2.4 3.1 Crude nonfood materials less energy 4/...........|8/ 21.678 129.1 134.3 136.8 -2.1 1.9 .5 2.3 1.8 _______________________________________________________________________________________________________________________________ 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 April 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 | | |Aug. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Apr. |July |Aug. | Aug. | July | May to|June to|July to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | June | July | Aug. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 131.9 132.9 133.7 2.3 0.6 -0.1 0.2 0.5 | FINISHED CONSUMER GOODS...............................| 130.4 132.0 133.1 3.0 .8 .1 .3 .7 | FINISHED CONSUMER FOODS..............................| 133.4 134.3 135.7 .4 1.0 .4 -.9 .4 | | 01-11 | Fresh fruits and melons 2/..........................| 103.1 99.9 96.7 5.3 -3.2 -9.2 -3.2 -3.2 01-13 | Fresh and dry vegetables 2/.........................| 132.5 117.3 111.1 -4.6 -5.3 14.5 -8.1 -5.3 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 74.8 75.2 82.7 -9.4 10.0 -.1 7.1 2.8 02-11 | Bakery products 2/..................................| 177.8 177.8 177.8 1.1 0 -.2 .1 0 02-13 | Milled rice 2/......................................| 126.7 125.4 125.3 1.5 -.1 2.1 -.1 -.1 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.5 121.9 122.0 -.7 .1 0 0 .1 02-21-01 | Beef and veal.......................................| 103.0 107.0 108.6 7.7 1.5 8.2 -3.4 -.7 02-21-04 | Pork................................................| 86.3 92.8 104.1 -.8 12.2 -5.2 -3.8 7.1 02-22-03 | Processed young chickens............................| 110.8 114.5 112.8 -18.0 -1.5 0 -4.6 -3.7 02-22-06 | Processed turkeys...................................| 89.5 94.5 96.6 -.7 2.2 5.8 -3.0 1.3 02-23 | Finfish and shellfish...............................| 185.0 189.9 188.4 4.8 -.8 4.5 .8 -.4 02-3 | Dairy products......................................| 132.1 136.4 139.9 -.1 2.6 1.4 .4 1.2 02-4 | Processed fruits and vegetables 2/..................| 128.4 127.8 127.2 .8 -.5 .2 0 -.5 02-55 | Confectionery end products 2/.......................| 169.6 170.9 171.0 .9 .1 -.1 .1 .1 02-62 | Soft drinks.........................................| 137.4 136.6 138.1 2.5 1.1 -.2 .1 1.1 02-63-01 | Roasted coffee 2/...................................| 135.6 135.5 135.3 -4.6 -.1 -.1 0 -.1 02-78 | Shortening and cooking oils 2/......................| 142.1 133.4 139.2 -6.6 4.3 -.2 -3.3 4.3 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 129.0 130.8 131.8 4.3 .8 -.2 .9 .8 | | 02-61 | Alcoholic beverages.................................| 136.0 137.9 137.1 1.7 -.6 .3 .4 -.5 03-81-01 | Women's apparel 2/..................................| 124.0 122.5 121.5 -.2 -.8 -.6 -.2 -.8 03-81-02 | Men's and boys' apparel.............................| 133.1 132.7 132.6 -.7 -.1 -.2 -.3 0 03-81-03 | Girls', children's, and infants' apparel 2/.........| 117.6 117.8 117.2 -3.3 -.5 .1 .1 -.5 03-82 | Textile housefurnishings 2/.........................| 123.0 122.7 122.7 -.2 0 0 -.1 0 04-3 | Footwear............................................| 144.6 144.5 144.5 -.1 0 .2 0 -.1 05-41 | Residential electric power (Dec. 1990=100)..........| 107.1 112.2 113.2 -.8 .9 -1.1 .3 1.1 05-51 | Residential gas (Dec. 1990=100).....................| 109.4 112.8 114.1 .7 1.2 .9 .4 1.1 05-71 | Gasoline............................................| 64.4 69.1 75.1 45.5 8.7 -1.9 12.7 9.1 05-73-02-01| Fuel oil No. 2......................................| 51.6 58.2 63.0 46.2 8.2 -.2 15.2 5.3 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 332.2 336.7 337.0 1.4 .1 .2 .9 .1 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 186.2 186.2 186.4 1.0 .1 -.1 -.2 .1 06-71 | Soaps and synthetic detergents 2/...................| 125.6 127.1 126.7 .3 -.3 .2 1.3 -.3 06-75 | Cosmetics and other toilet preparations 2/..........| 134.0 134.5 134.7 1.1 .1 .4 0 .1 07-12 | Tires, tubes, tread, etc 2/.........................| 93.6 92.1 92.8 -1.0 .8 .2 -1.6 .8 09-15-01 | Sanitary papers and health products 2/..............| 143.0 146.9 143.2 -2.3 -2.5 1.3 1.4 -2.5 09-31-01 | Newspaper circulation 2/............................| 207.1 207.4 207.5 2.4 0 0 0 0 09-32-01 | Periodical circulation..............................| 197.2 197.1 197.1 1.8 0 0 .2 .2 09-33 | Book publishing 2/..................................| 211.4 212.0 211.4 3.7 -.3 -.1 .1 -.3 12-1 | Household furniture 2/..............................| 150.1 150.4 150.6 1.4 .1 -.1 .1 .1 12-3 | Floor coverings 2/..................................| 126.9 127.3 127.1 -1.2 -.2 .7 -.4 -.2 12-4 | Household appliances ...............................| 108.7 108.7 108.7 -.4 0 .1 .1 .1 12-5 | Home electronic equipment 2/........................| 74.2 74.0 73.9 -1.3 -.1 0 0 -.1 12-62 | Household glassware 2/..............................| 164.3 164.2 164.3 .8 .1 .1 -.1 .1 12-64 | Household flatware 2/...............................| 140.0 139.3 139.3 .7 0 0 -.5 0 12-66 | Lawn and garden equip., ex. tractors 2/.............| 132.3 131.8 131.8 .2 0 -.3 0 0 14-11-01 | Passenger cars......................................| 131.4 127.4 126.8 -1.2 -.5 -1.3 -.2 -.1 15-11 | Toys, games, and children's vehicles................| 123.8 123.8 123.8 -.6 0 .2 -.1 0 15-12 | Sporting and athletic goods 2/......................| 126.3 126.0 125.7 -.5 -.2 0 -.2 -.2 15-2 | Tobacco products 2/.................................| 363.4 363.5 363.8 27.0 .1 0 0 .1 15-5 | Mobile homes 2/.....................................| 157.8 159.1 158.3 2.5 -.5 -.1 .7 -.5 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 127.8 127.0 125.2 -2.0 -1.4 -.2 -.2 -1.4 15-94-04 | Costume jewelry and novelties 2/....................| 140.2 140.1 140.1 .2 0 .1 .1 0 | | | CAPITAL EQUIPMENT.....................................| 137.8 137.0 136.9 .1 -.1 -.3 -.1 0 | | 11-1 | Agricultural machinery and equipment 2/.............| 152.1 151.2 151.3 .6 .1 .1 .1 .1 11-2 | Construction machinery and equipment................| 147.3 147.3 147.4 1.4 .1 -.1 .2 .1 11-37 | Metal cutting machine tools 2/......................| 160.4 160.4 160.9 .6 .3 -.1 0 .3 11-38 | Metal forming machine tools 2/......................| 159.5 159.7 159.9 1.1 .1 0 -.1 .1 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 139.5 140.1 140.1 1.0 0 .1 .4 0 11-41 | Pumps, compressors, and equipment...................| 151.7 152.0 151.9 1.8 -.1 .1 .3 .1 11-44 | Industrial material handling equipment 2/...........| 132.9 133.0 133.0 .9 0 .3 0 0 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 89.9 86.3 83.5 -22.0 -3.2 -1.4 -1.0 -3.2 11-62 | Textile machinery 2/................................| 154.0 154.1 154.3 1.2 .1 -.1 0 .1 11-64 | Paper industries machinery (June 1982=100)..........| 162.4 162.8 162.8 1.9 0 .2 .1 .2 11-65 | Printing trades machinery 2/........................| 140.7 141.4 141.4 -1.2 0 .4 -.1 0 11-74 | Transformers and power regulators 2/................| 130.7 130.9 131.1 .5 .2 0 .2 .2 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 114.0 113.0 113.0 -.5 0 -.9 -.1 0 11-79-05 | X-ray and electromedical equipment 2/...............| 106.1 106.1 105.2 -1.1 -.8 -.4 .5 -.8 11-91 | Oil field and gas field machinery ..................| 126.5 126.6 126.6 .6 0 .1 0 .2 11-92 | Mining machinery and equipment 2/...................| 143.9 145.3 144.8 1.8 -.3 .5 .3 -.3 11-93 | Office and store machines and equipment 2/..........| 112.3 112.3 112.3 0 0 0 0 0 12-2 | Commercial furniture 2/.............................| 155.9 156.8 157.0 1.2 .1 .1 .1 .1 14-11-05 | Light motor trucks..................................| 158.8 155.0 154.3 1.2 -.5 -.7 -.4 -.4 14-11-06 | Heavy motor trucks 2/...............................| 145.7 147.3 147.2 4.0 -.1 0 .1 -.1 14-14 | Truck trailers 2/...................................| 135.9 136.2 136.2 .7 0 0 .2 0 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 151.0 151.2 151.2 .9 0 -.1 -.1 .1 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 145.8 0 0 -.5 0 0 14-4 | Railroad equipment..................................| 134.5 135.9 136.0 .5 .1 1.4 -.1 .1 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 121.6 123.6 124.7 1.2 .9 .4 .6 .8 | | | INTERMEDIATE FOODS AND FEEDS..........................| 109.0 109.0 110.9 -4.8 1.7 .7 -1.4 1.1 | | 02-12-03 | Flour 2/............................................| 103.0 103.2 105.9 1.5 2.6 .6 -2.0 2.6 02-53 | Refined sugar 2/....................................| 122.0 122.9 122.5 2.5 -.3 -.7 .2 -.3 02-54 | Confectionery materials.............................| 93.9 92.8 92.8 -.4 0 .4 -2.0 -.4 02-72 | Crude vegetable oils 2/.............................| 97.4 77.7 85.1 -33.5 9.5 -8.5 -10.5 9.5 02-9 | Prepared animal feeds 2/............................| 97.7 96.7 97.4 -8.1 .7 .2 -.8 .7 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 122.3 124.4 125.4 1.5 .8 .4 .6 .7 | | 03-1 | Synthetic fibers 2/.................................| 104.0 102.9 102.7 -7.3 -.2 .3 -1.8 -.2 03-2 | Processed yarns and threads 2/......................| 108.7 108.1 108.0 -4.3 -.1 0 -.3 -.1 03-3 | Gray fabrics 2/.....................................| 116.0 113.8 112.1 -7.7 -1.5 -1.0 -.4 -1.5 03-4 | Finished fabrics....................................| 122.8 122.5 122.9 -1.0 .3 .5 -.2 .3 03-83-03 | Industrial textile products 2/......................| 129.0 129.7 129.6 -.5 -.1 .3 .3 -.1 04-2 | Leather.............................................| 175.9 174.9 174.7 -2.7 -.1 1.1 -.1 .9 05-32 | Liquefied petroleum gas 2/..........................| 52.7 70.1 81.1 48.8 15.7 11.7 -1.1 15.7 ____________________________________________________________________________________________________________________________________ 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 | | |Aug. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |Apr. |July |Aug. | Aug. | July | May to|June to|July to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | June | July | Aug. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 124.2 133.0 136.1 -1.2 2.3 -2.1 -0.2 2.2 05-43 | Industrial electric power...........................| 125.2 131.3 133.7 -1.1 1.8 -1.6 .1 1.9 05-52 | Commercial natural gas (Dec. 1990=100)..............| 102.8 104.2 107.2 3.4 2.9 1.2 .7 3.0 05-53 | Industrial natural gas (Dec. 1990=100)..............| 95.8 101.1 102.8 3.2 1.7 1.0 4.4 1.9 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 73.0 79.3 80.2 7.5 1.1 6.4 -.9 1.7 05-72-03 | Jet fuels...........................................| 48.9 51.0 57.7 32.6 13.1 -.2 6.9 9.7 05-73-03 | No. 2 Diesel fuel...................................| 53.1 60.8 65.6 47.7 7.9 9.3 15.4 4.1 05-74 | Residual fuel 2/....................................| 39.5 52.3 56.2 47.1 7.5 10.9 .6 7.5 06-1 | Industrial chemicals 2/.............................| 116.2 118.4 118.8 -1.3 .3 1.9 -.3 .3 06-21 | Prepared paint......................................| 157.4 157.4 157.5 1.5 .1 .1 .1 .1 06-22 | Paint materials 2/..................................| 144.2 143.6 145.0 .5 1.0 -1.1 -1.3 1.0 06-31 | Medicinal and botanical chemicals ..................| 138.8 144.3 144.4 6.8 .1 4.1 .2 .3 06-4 | Fats and oils, inedible 2/..........................| 81.8 79.7 78.8 -31.8 -1.1 .9 .3 -1.1 06-51 | Mixed fertilizers...................................| 114.6 114.1 114.2 -.7 .1 .1 .4 .4 06-52-01 | Nitrogenates........................................| 97.5 90.2 89.0 -16.7 -1.3 -.8 -.8 -.3 06-52-02 | Phosphates 2/.......................................| 114.8 113.3 113.5 -.5 .2 .2 -.5 .2 06-53 | Other agricultural chemicals........................| 144.5 143.6 147.0 -1.4 2.4 2.9 -.5 2.3 06-6 | Plastic resins and materials 2/.....................| 118.6 124.6 128.4 3.8 3.0 1.7 1.9 3.0 07-11-02 | Synthetic rubber 2/.................................| 113.1 113.0 113.4 -3.3 .4 -.2 -.4 .4 07-21 | Plastic construction products ......................| 125.5 128.9 129.6 3.1 .5 1.0 1.6 .2 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 126.0 126.4 127.2 -.5 .6 1.3 -.3 .6 07-26 | Plastic parts and components for manufacturing 2/...| 117.5 117.7 117.5 .4 -.2 0 .1 -.2 08-11 | Softwood lumber 2/..................................| 192.5 218.2 205.2 11.9 -6.0 4.5 5.9 -6.0 08-12 | Hardwood lumber ....................................| 176.3 176.1 176.2 -1.4 .1 -.1 -.2 .2 08-2 | Millwork 2/.........................................| 173.3 176.5 176.7 3.5 .1 1.0 .5 .1 08-3 | Plywood 2/..........................................| 170.2 207.7 202.0 20.5 -2.7 9.7 6.2 -2.7 09-11 | Woodpulp 2/.........................................| 113.0 118.3 121.0 -1.9 2.3 2.9 1.0 2.3 09-13 | Paper...............................................| 140.2 141.1 140.6 -3.2 -.4 -.1 .6 -.4 09-14 | Paperboard..........................................| 148.1 155.0 161.2 6.8 4.0 .7 3.5 3.6 09-15-03 | Paper boxes and containers 2/.......................| 155.0 157.3 161.5 4.5 2.7 1.0 -.1 2.7 09-2 | Building paper and board 2/.........................| 138.3 149.6 149.8 5.6 .1 2.8 2.7 .1 09-37 | Commercial printing (June 1982=100) 2/..............| 152.0 152.1 152.4 .1 .2 .1 0 .2 10-15 | Foundry and forge shop products.....................| 135.1 135.3 135.2 .1 -.1 .3 0 0 10-17 | Steel mill products 2/..............................| 105.3 104.8 105.0 -8.1 .2 1.1 -.5 .2 10-22 | Primary nonferrous metals 2/........................| 94.0 102.3 104.3 1.3 2.0 -2.1 4.7 2.0 10-25-01 | Aluminum mill shapes 2/.............................| 133.8 137.5 139.4 -1.0 1.4 1.0 .5 1.4 10-25-02 | Copper and brass mill shapes 2/.....................| 144.2 155.2 155.8 4.2 .4 -1.5 5.1 .4 10-26 | Nonferrous wire and cable 2/........................| 133.1 134.1 135.7 -4.0 1.2 -1.2 .8 1.2 10-3 | Metal containers 2/.................................| 106.3 106.0 106.0 -2.3 0 -.1 0 0 10-4 | Hardware............................................| 147.8 149.2 149.9 1.9 .5 .7 .1 .5 10-5 | Plumbing fixtures and brass fittings................| 176.7 177.7 176.4 .7 -.7 .5 .7 -.6 10-6 | Heating equipment...................................| 153.6 154.2 154.6 .9 .3 .4 .1 .3 10-7 | Fabricated structural metal products................| 142.8 143.2 143.2 .2 0 0 .2 .1 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.8 130.6 130.5 .2 -.1 0 -.1 -.1 10-89 | Other misc. metal products 2/.......................| 125.4 125.5 125.4 -.6 -.1 .2 -.1 -.1 11-45 | Mechanical power transmission equipment.............| 161.3 161.6 161.5 2.4 -.1 .5 .1 .1 11-48 | Air conditioning and refrigeration equipment........| 135.8 135.7 135.7 .5 0 -.3 -.3 .1 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.5 160.2 160.5 2.4 .2 .1 .3 .2 11-49-05 | Ball and roller bearings............................| 167.0 166.9 166.9 1.0 0 .1 -.1 .1 11-71 | Wiring devices......................................| 151.5 153.0 152.6 -1.5 -.3 .3 .3 -.3 11-73 | Motors, generators, motor generator sets............| 145.9 146.4 145.8 -.2 -.4 .1 .1 -.5 11-75 | Switchgear, switchboard, etc., equipment............| 150.6 151.1 151.2 2.0 .1 .5 .5 .1 11-78 | Electronic components and accessories 2/............| 98.3 98.1 98.0 -1.6 -.1 -.6 .1 -.1 11-94 | Internal combustion engines.........................| 142.8 143.3 143.1 1.5 -.1 .1 0 -.1 11-95 | Machine shop products 2/............................| 136.8 136.6 136.7 .1 .1 0 -.1 .1 13-11 | Flat glass 2/.......................................| 105.7 106.9 107.1 .4 .2 .5 .2 .2 13-22 | Cement..............................................| 150.6 151.4 151.6 2.6 .1 -.2 0 .4 13-3 | Concrete products...................................| 143.5 143.8 143.7 1.7 -.1 0 0 .3 13-6 | Asphalt felts and coatings 2/.......................| 99.5 98.7 99.1 -1.0 .4 0 .1 .4 13-7 | Gypsum products 2/..................................| 199.0 205.5 215.7 20.1 5.0 4.7 -.1 5.0 13-8 | Glass containers 2/.................................| 126.0 126.4 125.9 -.2 -.4 .2 .1 -.4 14-12 | Motor vehicle parts 2/..............................| 114.0 113.5 113.5 -1.0 0 0 0 0 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 139.2 137.5 137.7 .8 .1 -.1 .2 .2 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 143.7 142.8 142.6 -.1 -.1 .2 0 -.1 15-42 | Photographic supplies 2/............................| 128.2 128.6 128.3 -.5 -.2 0 .3 -.2 15-6 | Medical/surgical/personal aid devices...............| 145.1 143.7 144.9 1.2 .8 -.5 -.1 1.0 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 91.1 97.4 102.1 8.3 4.8 1.4 -.2 4.6 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 95.4 95.9 100.1 -3.1 4.4 .4 -4.8 3.8 | | 01-21 | Wheat 2/............................................| 78.6 74.3 79.6 3.8 7.1 1.1 -6.8 7.1 01-22-02-05| Corn................................................| 83.2 67.3 79.2 -1.2 17.7 -4.6 -16.7 25.7 01-31 | Slaughter cattle 2/.................................| 96.5 96.7 97.3 8.6 .6 3.8 -2.4 .6 01-32 | Slaughter hogs......................................| 48.1 51.3 62.0 6.9 20.9 -4.8 -13.3 17.7 01-41-02 | Slaughter broilers/fryers...........................| 122.7 142.7 126.9 -31.1 -11.1 -4.2 -7.9 -12.6 01-42 | Slaughter turkeys...................................| 108.8 126.9 130.6 9.9 2.9 2.6 -.2 -1.8 01-6 | Fluid milk..........................................| 93.4 101.9 111.7 -3.5 9.6 3.9 3.5 5.8 01-83-01-31| Soybeans 2/.........................................| 80.8 70.5 79.9 -14.7 13.3 -.6 -10.9 13.3 02-52-01-01| Cane sugar,raw 2/...................................| 119.6 120.6 115.2 -2.5 -4.5 1.0 .9 -4.5 | | | CRUDE NONFOOD MATERIALS..............................| 84.8 94.9 99.9 17.9 5.3 2.1 3.2 5.3 | | 01-51-01-01| Raw cotton..........................................| 95.5 80.0 83.4 -28.5 4.3 -7.7 -10.3 5.9 01-92-01-01| Leaf tobacco 2/.....................................| 88.5 95.8 96.7 1.6 .9 (3) (3) .9 04-11 | Cattle hides 2/.....................................| 133.1 136.5 145.2 -11.7 6.4 -.7 -.2 6.4 05-1 | Coal 2/.............................................| 94.5 89.0 88.8 -2.1 -.2 -1.7 -4.3 -.2 05-31 | Natural gas 2/......................................| 74.0 90.4 100.0 21.8 10.6 5.3 3.2 10.6 05-61 | Crude petroleum 2/..................................| 42.4 53.7 57.2 88.2 6.5 3.4 10.0 6.5 08-5 | Logs, timber, etc...................................| 201.1 201.1 203.8 -.4 1.3 1.5 1.3 1.3 09-12 | Wastepaper 2/.......................................| 142.3 206.8 201.9 38.8 -2.4 18.8 22.4 -2.4 10-11 | Iron ore 2/.........................................| 94.9 94.8 94.8 -.7 0 -.1 0 0 10-12 | Iron and steel scrap 2/.............................| 126.2 137.0 143.4 -11.8 4.7 1.9 -.4 4.7 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 62.4 60.2 62.3 -3.4 3.5 -7.0 2.7 3.5 10-23-01 | Copper base scrap 2/................................| 101.6 116.7 114.6 2.5 -1.8 -3.4 13.7 -1.8 10-23-02 | Aluminum base scrap.................................| 148.8 166.4 170.5 13.7 2.5 2.8 7.0 .6 13-21 | Construction sand, gravel, and crushed stone........| 156.5 157.7 157.7 2.7 0 .3 .1 .3 ____________________________________________________________________________________________________________________________________ 1/ The indexes for April 1999 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes 3/ Not available. are subject 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 |April 1999 | July 1999 | Aug. 1999 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 370.1 | 372.8 | 375.1 | | All commodities................................| 123.6 | 125.5 | 126.8 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 118.3 | 118.7 | 120.9 | 01 | Farm products................................| 96.5 | 95.0 | 99.0 | 02 | Processed foods and feeds....................| 129.1 | 130.4 | 131.8 | | | | | | | Industrial commodities.........................| 124.6 | 126.8 | 127.9 | 03 | Textile products and apparel.................| 121.3 | 120.6 | 120.3 | 04 | Hides, skins, leather, and related products..| 144.6 | 144.9 | 146.2 | 05 | Fuels and related products and power 2/......| 75.5 | 82.2 | 86.1 | 06 | Chemicals and allied products 2/.............| 142.1 | 143.9 | 144.6 | 07 | Rubber and plastic products..................| 121.9 | 122.4 | 122.9 | 08 | Lumber and wood products.....................| 181.6 | 192.1 | 189.5 | 09 | Pulp, paper, and allied products.............| 172.0 | 174.6 | 175.4 | 10 | Metals and metal products....................| 123.1 | 124.4 | 125.0 | 11 | Machinery and equipment......................| 124.5 | 124.3 | 124.2 | 12 | Furniture and household durables.............| 131.5 | 131.8 | 131.8 | 13 | Nonmetallic mineral products.................| 138.3 | 138.9 | 139.6 | 14 | Transportation equipment.....................| 141.9 | 140.3 | 140.1 | 15 | Miscellaneous products.......................| 165.4 | 165.1 | 165.1 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 138.7 | 139.3 | 139.5 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 123.5 | 115.6 | 111.2 | 01-2 | Grains.........................................| 83.1 | 71.7 | 80.9 | 01-3 | Slaughter livestock............................| 83.8 | 85.0 | 88.6 | 01-4 | Slaughter poultry..............................| 118.7 | 137.6 | 126.3 | 01-5 | Plant and animal fibers........................| 94.4 | 79.4 | 82.7 | 01-7 | Chicken eggs...................................| 85.3 | 80.7 | 95.7 | 01-8 | Hay, hayseeds, and oilseeds....................| 105.0 | 94.4 | 102.1 | 01-83 | Oilseeds.......................................| 93.5 | 82.2 | 91.5 | 01-9 | Other farm products............................| 131.9 | 142.9 | 144.2 | 02-1 | Cereal and bakery products.....................| 157.3 | 157.5 | 157.9 | 02-2 | Meats, poultry, and fish.......................| 110.0 | 114.0 | 116.6 | 02-22 | Processed poultry..............................| 111.8 | 114.7 | 114.5 | 02-5 | Sugar and confectionery........................| 135.4 | 136.0 | 135.6 | 02-6 | Beverages and beverage materials...............| 138.2 | 138.6 | 138.8 | 02-63 | Packaged beverage materials....................| 133.6 | 133.4 | 133.3 | 02-7 | Fats and oils..................................| 124.4 | 114.3 | 118.8 | 03-81 | Apparel........................................| 127.1 | 126.4 | 125.9 | 04-4 | Other leather and related products.............| 145.1 | 145.2 | 145.6 | 05-3 | Gas fuels 2/...................................| 67.5 | 83.9 | 93.8 | 05-4 | Electric power.................................| 124.9 | 131.7 | 133.9 | 05-7 | Refined petroleum products.....................| 58.7 | 63.9 | 68.9 | 06-3 | Drugs and pharmaceuticals......................| 249.4 | 252.8 | 252.5 | 06-5 | Agricultural chemicals and products............| 125.3 | 122.8 | 123.9 | 06-7 | Other chemicals and allied products............| 134.9 | 135.3 | 135.2 | 07-1 | Rubber and rubber products.....................| 114.4 | 113.7 | 114.1 | 07-11 | Rubber, except natural rubber..................| 112.5 | 112.4 | 112.8 | 07-13 | Miscellaneous rubber products..................| 138.3 | 138.2 | 138.4 | 07-2 | Plastic products...............................| 128.7 | 129.6 | 130.2 | 08-1 | Lumber.........................................| 185.5 | 203.3 | 194.3 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 144.3 | 148.6 | 149.9 | 09-15 | Converted paper and paperboard products........| 151.3 | 154.0 | 155.0 | 10-1 | Iron and steel.................................| 112.8 | 113.5 | 114.2 | 10-2 | Nonferrous metals..............................| 114.9 | 118.7 | 120.2 | 10-25 | Nonferrous mill shapes.........................| 128.9 | 133.0 | 134.5 | 11-3 | Metalworking machinery and equipment...........| 148.0 | 148.3 | 148.3 | 11-4 | General purpose machinery and equipment........| 149.4 | 149.5 | 149.5 | 11-6 | Special industry machinery.....................| 161.2 | 161.5 | 161.7 | 11-7 | Electrical machinery and equipment.............| 120.3 | 120.0 | 119.9 | 11-9 | Miscellaneous machinery and equipment..........| 133.0 | 133.2 | 133.2 | 12-6 | Other household durable goods..................| 152.4 | 152.7 | 152.8 | 13-2 | Concrete ingredients...........................| 151.7 | 152.7 | 152.8 | 14-1 | Motor vehicles and equipment...................| 131.9 | 129.7 | 129.3 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.5 | 132.5 | 132.4 | 15-4 | Photographic equipment and supplies............| 111.8 | 110.7 | 110.8 | 15-9 | Other miscellaneous products...................| 135.0 | 135.3 | 135.1 | __________________________________________________________|___________|___________|___________| 1/ Data for April 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_Aug._1999_from: code | |base | | | | | | | |Apr. |July |Aug. | Aug. | July | | |1999 2/|1999 2/|1999 2/| 1998 | 1999 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 68.9 78.4 83.3 23.0 6.3 10 | Metal mining................................ |12/84| 69.8 67.8 69.5 -2.9 2.5 12 | Coal mining................................. |12/85| 89.9 86.2 86.1 -1.7 -.1 13 | Oil and gas extraction...................... |12/85| 65.7 79.4 85.9 33.0 8.2 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 133.8 134.4 134.4 1.2 0 | | | |Total manufacturing industries............... |12/84| 127.4 128.2 129.0 2.4 .6 20 | Food and kindred products................... |12/84| 124.3 125.7 126.7 -.5 .8 21 | Tobacco manufactures........................ |12/84| 316.0 316.1 316.4 28.4 .1 22 | Textile mill products....................... |12/84| 116.4 116.0 115.7 -2.5 -.3 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.3 124.9 124.9 0 0 24 | Lumber and wood products, except furniture.. |12/84| 160.2 168.4 166.6 5.3 -1.1 25 | Furniture and fixtures...................... |12/84| 140.7 141.3 141.4 1.2 .1 26 | Paper and allied products................... |12/84| 134.2 136.6 137.8 1.1 .9 27 | Printing, publishing, and allied industries. |12/84| 177.1 177.4 177.7 2.3 .2 28 | Chemicals and allied products............... |12/84| 147.7 149.2 149.8 .5 .4 29 | Petroleum refining and related products..... |12/84| 73.7 79.9 85.8 34.9 7.4 30 | Rubber and miscellaneous plastic products... |12/84| 121.7 122.1 122.6 .6 .4 31 | Leather and leather products................ |12/84| 136.1 136.0 136.1 -.7 .1 32 | Stone, clay, glass, and concrete products... |12/84| 132.1 132.7 133.1 2.3 .3 33 | Primary metal industries.................... |12/84| 114.7 115.5 116.1 -3.7 .5 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 128.9 129.1 129.1 .2 0 35 | Machinery, except electrical................ |12/84| 117.5 117.2 117.2 -.3 0 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.7 109.5 109.5 -.7 0 37 | Transportation equipment.................... |12/84| 134.5 133.0 132.8 .5 -.2 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 126.4 125.3 125.5 -.3 .2 39 | Miscellaneous manufacturing industries...... |12/85| 130.4 130.4 130.2 .3 -.2 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 101.0 101.1 101.0 -.7 -.1 42 | Motor freight transportation and warehousing |06/93| 114.2 114.8 115.4 2.9 .5 43 | United states postal service................ |06/89| 135.4 135.2 135.2 2.2 0 44 | Water transportation........................ |12/92| 106.0 115.5 116.3 7.6 .7 45 | Transportation by air....................... |12/92| 129.6 130.8 131.5 5.8 .5 46 | Pipe lines, except natural gas.............. |12/86| 98.4 98.8 98.7 -.5 -.1 80 | Health services............................. |12/94| 109.4 109.7 109.8 1.8 .1 81 | Legal services.............................. |12/96| 108.3 108.8 108.9 2.3 .1 __________________________________________________________________________________________________________________ 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 April 1999 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to revision 4 months after original publication. 3/ Not available. Table 5. Producer price indexes by stage of processing, seasonally adjusted (1982=100) ____________________________________________________________________________________________________________ | | Index 1/ |____________________________________________________ Grouping | | | | | | | Mar. | Apr. | May | June | July | Aug. | 1999 | 1999 | 1999 | 1999 | 1999 | 1999 _______________________________________________________|________|________|________|________|________|_______ Finished goods...................................| 131.5 132.2 132.4 132.3 132.6 133.3 Finished consumer goods........................| 130.0 130.9 131.1 131.2 131.6 132.5 Finished consumer foods......................| 135.2 134.3 134.7 135.3 134.1 134.6 Crude......................................| 132.7 130.3 128.2 126.5 120.4 120.0 Processed..................................| 135.4 134.5 135.2 136.0 135.2 135.8 Finished consumer goods, excluding foods.....| 127.6 129.3 129.4 129.2 130.3 131.4 Nondurable goods less foods................| 123.9 126.2 126.2 126.2 127.9 129.5 Durable goods..............................| 132.6 132.9 133.1 132.6 132.5 132.4 Capital equipment..............................| 137.5 137.7 137.9 137.5 137.3 137.3 Manufacturing industries.....................| 138.4 138.4 138.5 138.4 138.5 138.5 Nonmanufacturing industries..................| 137.1 137.3 137.6 137.1 136.8 136.8 | Intermediate materials, supplies, and components.| 121.1 121.9 122.1 122.6 123.3 124.3 Materials and components for manufacturing.....| 123.4 123.3 123.6 124.2 124.5 124.9 Materials for food manufacturing.............| 121.9 118.9 119.4 120.4 118.6 120.1 Materials for nondurable manufacturing.......| 122.5 122.7 123.1 124.2 124.7 125.4 Materials for durable manufacturing..........| 123.1 123.1 124.1 125.0 126.0 126.3 Components for manufacturing.................| 125.6 125.7 125.6 125.6 125.6 125.6 Materials and components for construction......| 147.8 147.9 148.1 149.3 150.4 150.3 Processed fuels and lubricants.................| 78.3 82.4 82.6 82.3 84.8 88.1 Manufacturing industries ....................| 83.1 85.5 86.2 86.0 87.6 90.3 Nonmanufacturing industries..................| 75.4 80.4 80.2 80.0 82.9 86.5 Containers.....................................| 138.5 140.5 141.2 142.2 142.2 144.7 Supplies.......................................| 133.6 133.8 133.7 133.9 134.1 134.4 Manufacturing industries.....................| 140.2 140.3 140.4 140.4 140.6 141.1 Nonmanufacturing industries..................| 130.8 131.0 130.9 131.2 131.3 131.6 Feeds......................................| 87.6 88.4 88.0 88.2 87.4 88.1 Other supplies.............................| 136.0 136.1 136.0 136.3 136.5 136.8 | Crude materials for further processing...........| 89.1 91.3 95.7 97.0 96.8 101.3 Foodstuffs and feedstuffs......................| 99.2 96.3 98.8 99.2 94.4 98.0 Nonfood materials..............................| 78.9 84.6 90.1 92.0 94.9 99.9 Nonfood materials except fuel 2/.............| 77.5 83.0 87.3 88.5 93.0 96.3 Manufacturing 2/...........................| 70.2 75.4 79.4 80.6 84.8 87.9 Construction...............................| 189.9 190.9 192.1 195.3 196.3 199.6 Crude fuel 3/................................| 74.6 80.0 86.7 89.4 90.0 96.9 Manufacturing industries...................| 72.3 77.5 84.3 87.4 89.3 96.4 Nonmanufacturing industries................| 76.2 81.7 88.5 91.2 91.6 98.6 | Special groupings | | Finished goods, excluding foods..................| 130.3 131.5 131.6 131.4 132.1 132.8 Intermediate materials less foods and feeds......| 121.6 122.6 122.8 123.3 124.1 125.0 Intermediate foods and feeds.....................| 111.3 109.6 109.7 110.5 109.0 110.2 Crude materials less agricultural products 2/....| 77.9 84.2 89.9 92.1 95.3 100.3 | Finished energy goods............................| 72.9 76.9 76.8 76.6 79.2 82.1 Finished goods less energy.......................| 142.6 142.5 142.8 142.8 142.5 142.5 Finished consumer goods less energy..............| 144.8 144.5 144.7 144.9 144.5 144.6 | Finished goods less foods and energy.............| 145.6 145.7 145.9 145.6 145.6 145.5 Finished consumer goods less foods and energy....| 150.9 151.0 151.2 151.0 151.2 151.0 Consumer nondurable goods less foods and energy..| 165.2 165.1 165.2 165.4 165.8 165.5 | Intermediate energy goods........................| 78.1 82.1 82.3 82.1 84.5 87.7 Intermediate materials less energy...............| 130.6 130.7 130.9 131.5 131.9 132.3 Intermediate materials less foods and energy.....| 131.9 132.1 132.3 132.9 133.4 133.7 | Crude energy materials 2/........................| 60.5 68.1 74.4 76.7 79.5 85.2 Crude materials less energy......................| 106.7 104.3 106.9 107.3 104.7 107.9 Crude nonfood materials less energy 3/...........| 129.2 128.1 130.9 131.5 134.5 136.9 _____________________________________________________________________________________________________________ 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 April 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 Producer price indexes (PPI) measure average changes in prices received by domestic producers of commodities in all stages of processing. Most of the information used in calculating the indexes is obtained through the systematic sampling of nearly every industry in the manufacturing and mining sectors of the economy. The PPI program also includes some information from other sectors--agriculture, fishing, forestry, services, and gas and electricity. Because producer price indexes are designed to measure only the change in prices received for the output of domestic industries, imports are not included. The sample currently contains about 3,200 commodities and 80,000 quotations per month. There are three primary systems of indexes within the PPI program: (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 and 2) organizes products by class of buyer and degree of processing. 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) and the Census product code extension of the 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. 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. 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. 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 1987 values of shipments as reported in the Census of Manufactures and other sources. From January 1987 through December 1991, PPI weights were derived from 1982 shipment values. Industry indexes shown in table 4 are also now calculated with 1987 net output weights. 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, to coincide with the reference year of the shipment weights. 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 16, "Producer Prices," in BLS Handbook of Methods (September 1992), Bulletin 2414. Reprints are available from the Bureau of Labor Statistics on request. Calculating Index Changes 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 chances are affected by the level of the index in relation to its base period, while percent changes are not. The box shows the computation of index point and percent changes. Percent changes for 3-month and 6-month periods can be expressed as annual rates that are computed according to the standard formula for compound growth rates. These data indicate what the percent change would be if the rate for a given 3- or 6-month span were maintained for a 12-month period. 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 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 to-day." 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. Seasonally Adjusted and Unadjusted Data 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 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 (September 1992), Bulletin 2414.