FOR DATA ONLY: (202) 606-7828 USDL 99-350 FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN (202) 606-7705 THIS RELEASE IS EMBARGOED MEDIA CONTACT: (202) 691-5902 UNTIL 8:30 A.M. (E.S.T), FRIDAY, http://stats.bls.gov/ppihome.htm DECEMBER 10, 1999 Producer Price Indexes -- November 1999 The Producer Price Index for Finished Goods advanced 0.2 percent in November, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This advance followed a 0.1-percent decline in October and a 1.1-percent rise in September. The index for finished goods other than foods and energy showed no change in November, after registering a 0.3-percent gain a month earlier. Prices received by producers of intermediate goods increased 0.3 percent for the third consecutive month. The crude goods index rose 4.0 percent, following a 1.6- 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 Nov. -0.2 -0.4 -1.3 0.1 -0.6 -0.2 -0.1 Dec. .5 0 -1.8 1.0 0 -.7 -3.6 1999 Jan. .3 1.5 .8 -.2 0.8 0 .6 Feb. -.5 -1.2 -1.1 .1 0.5 -.3 -2.3 Mar. .3 .3 1.7 -.1 0.8 .3 .3 Apr. .5 -.7 5.5 .1 1.2 .7 2.5 May .2 .4 .3 .1 1.4 .3 6.1 June 0 .3 -.4 -.1 1.5 .3 .3 July .2 r-.6 r3.0 r.1 1.5 r.7 r.1 Aug. .5 r.1 r3.8 -.1 2.3 r.6 r4.1 Sept. 1.1 1.0 2.2 .8 3.2 .3 5.1 Oct. -.1 -.7 -1.0 .3 2.7 .3 -1.6 Nov. .2 .1 1.4 0 3.1 .3 4.0 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for July 1999 have been revised to reflect the availability of late reports and corrections by respondents. -2- Among finished goods in November, the indexes for finished energy goods and finished consumer foods advanced, after declining in October. By contrast, capital equipment prices fell, following an increase a month ago. The index for finished consumer goods other than foods and energy rose 0.1 percent in November, after gaining 0.3 percent in the prior month. For the first 11 months of 1999, the Producer Price Index for Finished Goods increased at a 2.9-percent seasonally adjusted annual rate (SAAR), after showing no change in 1998. Prices for finished goods other than foods and energy rose at a 0.8-percent SAAR for the first 11 months of 1999, after posting a 2.5-percent gain in the previous calendar year. The index for intermediate goods increased at a 4.0-percent SAAR from December 1998 to November 1999, following a 3.3-percent decline during 1998. Prices for crude goods advanced at a 22.6-percent SAAR during the first 11 months of 1999, after decreasing 16.7 percent during the prior calendar year. Before seasonal adjustment, the Producer Price Index for Finished Goods showed no change in November, to remain at 135.0 (1982=100). From November 1998 to November 1999, the finished goods index advanced 3.1 percent. Over the preceding 12 months, prices for finished energy goods increased 15.4 percent, prices for finished consumer foods edged up 0.4 percent, and the index for finished goods other than foods and energy rose 1.8 percent. Prices received by producers of intermediate goods gained 3.0 percent for the 12 months ended in November 1999, and the index for crude materials advanced 16.0 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 Energy foods 12 months and ago and ago Month Foods Energy energy (unadj.) Foods (unadj.) energy (unadj.) 1998 Nov. 0.8 -1.1 -0.2 -2.9 -0.6 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. -1.5 5.1 .2 -1.4 -2.9 12.6 -.9 -9.2 May .3 .5 .3 -1.1 2.5 13.2 2.1 -3.1 June .4 .4 .3 -.4 .3 0 .8 -.2 July r-1.1 r3.3 .4 r.3 r-4.3 r4.3 r1.8 r-.2 Aug. r1.0 r2.6 .2 1.2 r3.5 r6.0 r1.9 8.3 Sept. 1.3 1.8 .1 1.9 1.3 10.4 2.2 16.1 Oct. .5 .2 .4 2.4 -.1 -4.8 2.4 11.6 Nov. -.5 1.8 .1 3.0 1.0 8.8 .3 16.0 r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for July 1999 have been revised to reflect the availability of late reports and corrections by respondents. -3- Finished goods Prices for finished energy goods increased 1.4 percent in November, after posting a 1.0-percent decline in October. The index for residential electric power gained 0.7 percent, following a 0.5-percent drop a month ago. Prices for gasoline, home heating oil, and finished lubricants also rose, after falling a month earlier. The residential natural gas index advanced more than in the prior month. Conversely, prices for liquefied petroleum gas increased 2.3 percent in November, following a 5.9-percent jump last month. The finished consumer foods index rose 0.1 percent in November, after registering a 0.7-percent decrease in October. Prices for eggs for fresh use advanced 22.0 percent, following a 16.3-percent decline in the previous month. The indexes for processed young chickens, fresh and dry vegetables, pork, processed fruits and vegetables, and processed turkeys also increased, after falling a month earlier. Soft drink prices rose more than a month ago. By contrast, the beef and veal index turned down 5.7 percent, following a 1.4-percent rise in October. The index for fresh fruits and melons also decreased, after increasing last month. Prices for dairy products declined more than in the prior month. The capital equipment index edged down 0.1-percent in November, after posting a 0.3-percent advance in October. Prices for light motor trucks fell 1.1 percent, following a 0.8-percent gain a month earlier. The civilian aircraft index rose less than in the previous month, while prices for communication and related equipment declined more than a month ago. The index for x-ray and electromedical equipment turned down, after increasing last month. Conversely, prices for transformers and power regulators advanced 2.4 percent in November, following a 0.1-percent rise in October. The electronic computers index fell less than in the prior month, and prices for agricultural machinery and equipment rose slightly more than a month earlier. The index for finished consumer goods other than foods and energy increased 0.1 percent in November, after registering a 0.3-percent gain in October. Passenger car prices advanced 0.2-percent, following a 1.1- percent rise a month ago. The indexes for light motor trucks, prescription drugs, and household furniture decreased, after increasing in the previous month. Women's apparel prices showed no change, after advancing a month earlier. By contrast, prices for passenger car radial tires increased 3.6 percent, following a 2.5-percent fall in the prior month. The indexes for men's and boys' apparel and periodical circulation also rose, after declining in the October. Household appliance prices were unchanged, following an October decline. The index for sanitary paper and health products rose more than in the previous month. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components registered a 0.3-percent gain in November, seasonally adjusted, following a similar increase in September and October. Advancing prices for intermediate energy goods, nondurable manufacturing materials, durable manufacturing materials, and materials and components for construction outweighed falling prices for intermediate foods and feeds. Excluding foods and energy, the November index for intermediate materials rose 0.1 percent, after increasing 0.4 percent in October. (See table B.) The index for intermediate energy goods gained 1.8 percent, after posting a 0.2-percent rise in October. Diesel fuel prices jumped 8.3 percent, following a 6.3-percent drop a month earlier. The indexes for gasoline, commercial natural gas, jet fuels, industrial natural gas, and residual fuel also turned up, after falling in the prior month. By contrast, the commercial electric power index advanced 0.7 percent in November, following a 3.6-percent increase in the previous month. Prices for industrial electric power and liquefied petroleum gas rose less than a month ago. -4- Prices for nondurable manufacturing materials registered a 0.2-percent rise in November, following a 1.1-percent advance in October. The primary basic organic chemicals index increased 1.0 percent, after an 8.8-percent gain in the prior month. Prices for plastic resins and materials rose less than in the previous month. The indexes for paperboard, nitrogenates, inedible fats and oils, synthetic fibers, and finished fabrics fell, after rising a month ago. By contrast, phosphate prices declined 0.1 percent, following a 4.2-percent drop in the prior month. The alkalies and chlorine index rose more than in the previous month. Prices for woodpulp, and for medicinal and botanical chemicals turned up, after falling in the previous month. The index for durable manufacturing materials increased 0.2 percent in November, following a 0.6-percent rise in October. The hot rolled sheet and strip index fell 0.4 percent, after rising 1.9 percent in the prior month. Aluminum mill shape prices rose less than in the previous month. Prices for gold and silver turned down, after rising a month ago. By contrast, the index for hot rolled bars, plates, and structural shapes turned up 0.7 percent, following a 0.8-percent decline in October. Prices for plywood, flat glass, and for copper cathode and refined copper also rose, after falling in the prior month. The building paper and board index fell less than in the previous month. The index for materials and components for construction rose 0.1 percent in November, after posting a 0.3-percent drop a month earlier. Plywood prices rose 1.0 percent, following an 11.5-percent drop in October. The softwood lumber index also turned up, after falling in the prior month. Millwork prices showed no change, following a 0.6-percent decrease a month ago. The indexes for plastic construction products, cement, steel wire, and for plumbing fixtures and brass fittings rose more than in the previous month. By contrast, nonferrous wire and cable prices turned down 0.7 percent, after a 0.7-percent advance in the prior month. Prices for air- conditioning and refrigeration equipment, and switchgear also fell, after rising a month ago. Prices for intermediate foods and feeds decreased 0.5 percent in November, after gaining 0.5 percent in October. The beef and veal index dropped 5.7 percent, following a 1.4-percent increase a month ago. Confectionery material prices also fell, after rising in the previous month. The indexes for fluid milk products and prepared animal feeds increased less than in the prior month. By contrast, pork prices advanced 0.9 percent, following a 5.9-percent drop in October. Flour prices also turned up, after falling a month ago. The indexes for crude vegetable oils and for natural, processed, and imitation cheese fell less than in October. Crude Goods The Producer Price Index for Crude Materials for Further Processing turned up 4.0 percent in November, seasonally adjusted, following a 1.6- percent decline in October. Prices for crude energy materials and crude foodstuffs and feedstuffs also rose, after falling in the previous month. By contrast, the index for basic industrial materials rose less than a month ago. (See table B.) Prices for crude energy materials advanced 8.8 percent in November, following a 4.8-percent drop in October. November's upturn was led by the natural gas index, which surged 11.7 percent after falling 6.4 percent in the prior month. Prices for crude petroleum also turned up, after decreasing a month ago. Conversely, the coal index turned down 0.6 percent, following a 5.5-percent rise in the previous month. The index for crude foodstuffs and feedstuffs increased 1.0 percent in November, after edging down 0.1 percent in October. Prices for slaughter broilers and fryers turned up 16.2 percent, following a 2.6-percent decline a month earlier. The indexes for corn, wheat, fresh and dry vegetables, and alfalfa hay also turned up, after falling in the previous month. Prices for soybeans and slaughter turkeys fell less than in the previous month. By contrast, slaughter cattle prices turned down 1.6 percent in November, following a 5.8-percent advance last month. The indexes for fluid milk and raw sugar cane fell more than in October. Prices for fresh fruits and melons turned down in November, after rising in the previous month. -5- Prices for basic industrial materials rose 0.3 percent in November, following a 2.4-percent gain in October. This deceleration was led by the index for gold ores, which fell 8.9 percent, after posting a 20.8-percent gain in the prior month. Prices for leaf tobacco, cattle hides, copper ores, raw cotton, and pulpwood also turned down, following increases a month ago. On the other hand, the iron and steel scrap index increased 6.9 percent in November, after moving up 0.3 percent in October. Wastepaper prices also rose more than the prior month. The indexes for phosphates and copper base scrap fell less than last 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 6.2 percent in November, after registering a 2.8- percent decline in October. (Net output price indexes are not seasonally adjusted.) Prices received by the crude petroleum, natural gas, and natural gas liquids industry turned up 9.6 percent, following a 5.3-percent decrease a month ago. By contrast, the industry indexes for bituminous coal and lignite, gold ores, and copper ores turned down in November, after rising in the previous month. In November, the Producer Price Index for the net output of total domestic mining industries stood at 93.9 (December 1984=100), 36.3 percent above its year-ago level. Manufacturing. The Producer Price Index for the net output of total domestic manufacturing industries increased 0.2 percent in November, after posting a 0.3-percent rise in October. Price increases for the petroleum refining, printing and publishing, chemicals and allied products, and the electrical and electronic machinery industries more than offset price decreases for the transportation equipment, food and kindred products, and for measuring and controlling instruments industries. The November Producer Price Index for the net output of total domestic manufacturing industries stood at 130.3 (December 1984=100), 3.2 percent above its year- ago level. Other. Among other industries in November, prices increases were registered for operators and lessors of nonresidential buildings, real estate agents and managers, radio broadcasting, property and casualty insurance, and scheduled air transportation. On the other hand, the industry indexes declined for prepackaged software, hotels and motels, freight transportation arrangement, telephone communications (except radiotelephone), and passenger car rental. ***** Producer Price Index data for December 1999 will be released on Thursday, January 13, 2000 at 8:30 a.m. (E.S.T.) The following is the schedule of 2000 release dates for Producer Price Index data: Reference Month Release Date January 2000 Thursday, February 17 February Thursday, March 16 March Thursday, April 13 April Friday, May 12 May Friday, June 9 June Friday, July 14 July Friday, August 11 August Thursday, September 14 September Friday, October 13 October Thursday, November 9 November Thursday, December 14 December Friday, January 12, 2001 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| |Nov. 1999 from:| | |_______________________|_______________|__________________________ | Dec. | | | | | | | | | July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept. to |Oct. to | 1998 1/|1999 2/|1999 2/|1999 2/| 1998 | 1999 | Sept.| Oct. | Nov. _________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________ | Finished goods...................................| 100.000 132.9 135.0 135.0 3.1 0 1.1 -0.1 0.2 Finished consumer goods........................| 74.783 132.1 134.4 134.5 4.3 .1 1.3 -.3 .4 Finished consumer foods......................| 23.285 134.6 135.6 135.4 .4 -.1 1.0 -.7 .1 Crude......................................| 1.701 121.7 119.7 118.6 -6.8 -.9 1.2 -3.4 1.0 Processed..................................| 21.584 135.6 136.9 136.7 .9 -.1 1.0 -.5 0 Finished consumer goods, excluding foods.....| 51.498 130.8 133.7 133.9 5.9 .1 1.4 -.1 .4 Nondurable goods less foods................| 35.202 128.9 131.6 132.0 8.7 .3 1.7 -.3 .7 Durable goods..............................| 16.296 131.7 134.8 134.6 .1 -.1 .6 .5 -.1 Capital equipment..............................| 25.217 137.0 138.5 138.3 .1 -.1 .2 .3 -.1 Manufacturing industries.....................| 6.607 138.4 138.7 138.7 .4 0 0 .1 0 Nonmanufacturing industries..................| 18.610 136.4 138.3 138.0 -.1 -.2 .4 .3 -.1 | Intermediate materials, supplies, and components.| 100.000 123.9 125.2 125.4 3.0 .2 .3 .3 .3 Materials and components for manufacturing.....| 47.713 124.6 125.9 126.0 1.1 .1 .2 .6 0 Materials for food manufacturing.............| 3.633 119.0 122.4 121.4 -3.3 -.8 1.4 .1 -.8 Materials for nondurable manufacturing.......| 15.730 124.8 127.3 127.8 3.1 .4 .4 1.1 .2 Materials for durable manufacturing..........| 10.415 126.1 126.5 126.8 1.4 .2 -.4 .6 .2 Components for manufacturing.................| 17.935 125.6 125.9 125.7 -.1 -.2 .1 .2 -.2 Materials and components for construction......| 14.004 150.5 149.2 149.3 1.8 .1 -.5 -.3 .1 Processed fuels and lubricants.................| 11.845 87.6 90.3 91.2 15.4 1.0 1.8 .2 1.7 Manufacturing industries ....................| 4.580 90.7 92.1 92.7 10.8 .7 1.9 .1 1.5 Nonmanufacturing industries..................| 7.265 85.5 89.0 90.0 18.3 1.1 1.8 .2 1.8 Containers.....................................| 3.881 142.1 146.6 146.5 5.1 -.1 1.2 .1 -.1 Supplies.......................................| 22.557 133.9 134.9 135.1 .6 .1 .1 .3 .1 Manufacturing industries.....................| 5.131 140.5 141.3 141.5 .6 .1 -.1 .2 .1 Nonmanufacturing industries..................| 17.426 131.1 132.2 132.3 .5 .1 .1 .4 .1 Feeds......................................| 1.242 87.1 90.3 90.6 -2.5 .3 .6 1.9 .3 Other supplies.............................| 16.184 136.4 137.2 137.3 .7 .1 0 .3 .1 | Crude materials for further processing...........| 100.000 97.9 104.9 108.6 16.0 3.5 5.1 -1.6 4.0 Foodstuffs and feedstuffs......................| 45.019 96.2 99.6 99.5 -2.8 -.1 1.3 -.1 1.0 Nonfood materials..............................| 54.981 95.5 104.7 110.9 31.9 5.9 7.6 -2.4 5.9 Nonfood materials except fuel 3/.............| 29.160 92.9 100.8 104.7 35.1 3.9 6.9 -1.7 3.9 Manufacturing 3/...........................| 27.653 84.7 92.2 95.8 36.5 3.9 7.2 -1.9 4.0 Construction...............................| 1.507 195.3 199.0 200.2 5.8 .6 -.8 1.6 1.0 Crude fuel 4/................................| 25.821 91.6 101.7 110.5 27.9 8.7 8.7 -3.4 8.7 Manufacturing industries...................| 2.104 90.5 100.9 110.1 31.4 9.1 10.5 -5.3 9.1 Nonmanufacturing industries................| 23.717 93.3 103.6 112.5 27.6 8.6 8.5 -3.2 8.6 | Special groupings | | Finished goods, excluding foods..................|5/ 76.715 132.3 134.7 134.8 4.0 .1 1.1 .1 .2 Intermediate materials less foods and feeds......|6/ 95.125 124.7 125.9 126.2 3.3 .2 .3 .3 .3 Intermediate foods and feeds.....................|6/ 4.875 109.1 112.5 112.0 -3.0 -.4 1.3 .5 -.5 Crude materials less agricultural products 3/ 7/.|8/ 52.084 96.0 105.2 111.7 34.6 6.2 7.9 -2.7 6.3 | Finished energy goods............................|5/ 11.972 80.7 83.6 84.0 15.4 .5 2.2 -1.0 1.4 Finished goods less energy.......................|5/ 88.028 142.3 144.2 144.0 1.3 -.1 .8 0 -.1 Finished consumer goods less energy..............|5/ 62.811 144.5 146.5 146.4 1.9 -.1 1.0 -.1 .1 | Finished goods less foods and energy.............|5/ 64.743 145.3 147.5 147.4 1.8 -.1 .8 .3 0 Finished consumer goods less foods and energy....|5/ 39.526 150.9 153.5 153.5 3.0 0 1.1 .3 .1 Consumer nondurable goods less foods and energy..|5/ 23.230 165.9 168.0 168.3 5.0 .2 1.4 .2 .2 | Intermediate energy goods........................|6/ 11.941 87.2 90.0 90.9 15.4 1.0 1.8 .2 1.8 Intermediate materials less energy...............|6/ 88.059 131.9 132.9 133.0 1.2 .1 .1 .4 .1 Intermediate materials less foods and energy.....|6/ 83.184 133.4 134.2 134.4 1.5 .1 .1 .4 .1 | Crude energy materials 3/........................|8/ 33.303 80.4 89.6 97.5 45.7 8.8 10.4 -4.8 8.8 Crude materials less energy......................|8/ 66.697 105.8 110.6 110.6 1.2 0 1.7 .6 .8 Crude nonfood materials less energy 4/...........|8/ 21.678 134.2 142.5 142.8 9.7 .2 2.2 2.4 .3 | _______________________________________________________________________________________________________________________________ 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 July 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 | | |Nov. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept.to|Oct. to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | Sept.| Oct. | Nov. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | |FINISHED GOODS.........................................| 132.9 135.0 135.0 3.1 0 1.1 -0.1 0.2 | FINISHED CONSUMER GOODS...............................| 132.1 134.4 134.5 4.3 .1 1.3 -.3 .4 | FINISHED CONSUMER FOODS..............................| 134.6 135.6 135.4 .4 -.1 1.0 -.7 .1 | | 01-11 | Fresh fruits and melons 2/..........................| 101.8 107.2 93.0 6.4 -13.2 9.0 1.7 -13.2 01-13 | Fresh and dry vegetables 2/.........................| 117.3 108.1 108.8 -12.6 .6 8.4 -10.2 .6 01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 75.2 61.5 85.8 -14.4 39.5 -12.8 -16.3 22.0 02-11 | Bakery products 2/..................................| 178.0 178.4 178.8 1.4 .2 .1 .2 .2 02-13 | Milled rice 2/......................................| 125.0 105.2 106.2 -17.0 1.0 -1.9 -14.4 1.0 02-14-02 | Pasta products (June 1985=100) 2/...................| 122.0 122.0 122.0 -.7 0 0 0 0 02-21-01 | Beef and veal.......................................| 107.1 112.0 108.5 8.8 -3.1 1.8 1.4 -5.7 02-21-04 | Pork................................................| 93.1 99.3 95.8 14.0 -3.5 9.7 -5.9 .9 02-22-03 | Processed young chickens............................| 114.6 107.4 112.7 -11.0 4.9 .6 -2.5 7.3 02-22-06 | Processed turkeys...................................| 94.8 100.0 106.2 3.7 6.2 2.0 -.8 5.7 02-23 | Finfish and shellfish...............................| 188.6 195.9 197.7 6.1 .9 3.5 -3.0 -2.2 02-3 | Dairy products......................................| 136.4 144.1 142.5 -4.0 -1.1 1.9 -1.1 -1.3 02-4 | Processed fruits and vegetables 2/..................| 128.0 127.3 128.5 1.7 .9 .2 -.2 .9 02-55 | Confectionery end products 2/.......................| 171.3 171.0 171.1 1.2 .1 .2 -.2 .1 02-62 | Soft drinks.........................................| 137.9 138.7 139.3 3.3 .4 0 .4 .9 02-63-01 | Roasted coffee 2/...................................| 135.3 132.3 132.4 -3.3 .1 -1.5 -.8 .1 02-78 | Shortening and cooking oils 2/......................| 138.3 139.3 136.8 -4.7 -1.8 2.7 -2.6 -1.8 | | | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 130.8 133.7 133.9 5.9 .1 1.4 -.1 .4 | | 02-61 | Alcoholic beverages.................................| 137.5 137.7 137.8 1.1 .1 .6 .2 0 03-81-01 | Women's apparel 2/..................................| 123.8 122.6 122.6 -.3 0 .5 .4 0 03-81-02 | Men's and boys' apparel.............................| 132.8 132.7 132.7 -.4 0 .2 -.1 .2 03-81-03 | Girls', children's, and infants' apparel 2/.........| 117.8 116.6 118.1 -2.4 1.3 -.8 .3 1.3 03-82 | Textile housefurnishings 2/.........................| 123.0 122.5 122.5 -.6 0 -.1 -.1 0 04-3 | Footwear............................................| 144.6 144.7 144.7 0 0 .1 .1 .1 05-41 | Residential electric power (Dec. 1990=100)..........| 112.4 110.5 108.7 .4 -1.6 .8 -.5 .7 05-51 | Residential gas (Dec. 1990=100).....................| 113.0 118.0 121.1 6.7 2.6 2.5 .3 2.7 05-71 | Gasoline............................................| 68.9 73.2 74.4 49.4 1.6 2.2 -3.8 .1 05-73-02-01| Fuel oil No. 2......................................| 58.2 66.2 71.8 55.1 8.5 6.0 -5.5 7.5 06-35 | Pharmaceutical preps, ethical (Prescription) 2/.....| 337.5 341.4 340.8 1.9 -.2 .1 1.2 -.2 06-36 | Pharmaceutical preps,proprietary (Over-counter) 2/..| 185.9 186.7 186.7 1.0 0 .2 -.1 0 06-71 | Soaps and synthetic detergents 2/...................| 126.6 127.4 127.3 1.7 -.1 .5 .1 -.1 06-75 | Cosmetics and other toilet preparations 2/..........| 136.5 134.5 136.5 2.2 1.5 -.4 .2 1.5 07-12 | Tires, tubes, tread, etc 2/.........................| 92.1 91.7 93.5 -.5 2.0 .1 -1.3 2.0 09-15-01 | Sanitary papers and health products 2/..............| 145.0 144.1 145.1 .7 .7 .4 .2 .7 09-31-01 | Newspaper circulation 2/............................| 206.9 207.8 207.2 1.3 -.3 .2 0 -.3 09-32-01 | Periodical circulation..............................| 197.0 197.1 197.0 .6 -.1 .1 -.3 .4 09-33 | Book publishing 2/..................................| 211.4 214.6 215.9 1.8 .6 .2 1.3 .6 12-1 | Household furniture 2/..............................| 150.4 151.3 151.2 1.3 -.1 .1 .4 -.1 12-3 | Floor coverings 2/..................................| 126.8 128.1 128.0 -.2 -.1 0 .8 -.1 12-4 | Household appliances ...............................| 108.6 107.9 108.0 -.7 .1 -.1 -.6 0 12-5 | Home electronic equipment 2/........................| 74.0 73.7 73.2 -1.7 -.7 0 -.3 -.7 12-62 | Household glassware 2/..............................| 164.3 164.5 164.3 1.2 -.1 .1 .1 -.1 12-64 | Household flatware 2/...............................| 139.3 139.3 139.3 0 0 0 0 0 12-66 | Lawn and garden equip., ex. tractors 2/.............| 131.7 131.8 131.8 -.3 0 .2 -.2 0 14-11-01 | Passenger cars......................................| 127.4 135.8 135.9 .2 .1 2.0 1.1 .2 15-11 | Toys, games, and children's vehicles................| 123.8 123.3 122.6 -1.2 -.6 -.8 .5 -.6 15-12 | Sporting and athletic goods 2/......................| 126.0 125.7 125.8 -.3 .1 .4 -.4 .1 15-2 | Tobacco products 2/.................................| 363.5 394.5 394.8 36.7 .1 8.4 0 .1 15-5 | Mobile homes 2/.....................................| 159.3 159.9 159.8 2.6 -.1 .4 .6 -.1 15-94-02 | Jewelry, platinum, & karat gold 2/..................| 126.8 125.9 127.2 -1.1 1.0 -.1 .6 1.0 15-94-04 | Costume jewelry and novelties 2/....................| 140.1 140.1 140.1 .3 0 0 0 0 | | | CAPITAL EQUIPMENT.....................................| 137.0 138.5 138.3 .1 -.1 .2 .3 -.1 | | 11-1 | Agricultural machinery and equipment 2/.............| 152.2 151.3 151.6 .5 .2 -.1 .1 .2 11-2 | Construction machinery and equipment................| 147.4 147.6 147.7 1.7 .1 .3 .1 .1 11-37 | Metal cutting machine tools 2/......................| 160.7 160.9 160.9 .4 0 -.1 .1 0 11-38 | Metal forming machine tools 2/......................| 159.7 159.8 160.0 1.0 .1 -.1 0 .1 11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 140.1 140.2 140.3 .9 .1 0 .1 .1 11-41 | Pumps, compressors, and equipment...................| 152.2 152.1 152.1 1.7 0 .1 .1 .1 11-44 | Industrial material handling equipment 2/...........| 133.0 133.1 133.2 1.1 .1 -.1 .2 .1 11-51 | Electronic computers (Dec. 1998=100) 2/.............| 86.6 82.0 81.2 -20.5 -1.0 -.5 -1.3 -1.0 11-62 | Textile machinery 2/................................| 154.1 154.3 154.6 1.0 .2 0 0 .2 11-64 | Paper industries machinery (June 1982=100)..........| 162.7 163.0 163.0 1.3 0 .2 .1 -.5 11-65 | Printing trades machinery 2/........................| 141.2 141.4 141.4 .7 0 0 0 0 11-74 | Transformers and power regulators 2/................| 134.2 131.5 134.6 2.7 2.4 .2 .1 2.4 11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 112.6 112.6 112.1 -1.4 -.4 -.3 -.1 -.4 11-79-05 | X-ray and electromedical equipment 2/...............| 102.8 104.0 102.8 -3.2 -1.2 -1.2 .1 -1.2 11-91 | Oil field and gas field machinery ..................| 126.6 126.3 126.6 .2 .2 -.2 -.2 .1 11-92 | Mining machinery and equipment 2/...................| 145.2 144.4 144.4 1.5 0 -.4 .1 0 11-93 | Office and store machines and equipment 2/..........| 112.3 112.4 112.4 .1 0 .1 0 0 12-2 | Commercial furniture 2/.............................| 156.7 157.0 157.0 1.0 0 0 0 0 14-11-05 | Light motor trucks..................................| 155.0 162.2 159.7 .3 -1.5 .8 .8 -1.1 14-11-06 | Heavy motor trucks 2/...............................| 146.9 147.8 147.8 1.9 0 .3 .1 0 14-14 | Truck trailers 2/...................................| 136.0 137.3 137.5 1.6 .1 .8 0 .1 14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 151.2 152.3 152.4 1.3 .1 .2 .5 .1 14-31 | Ships (Dec. 1985=100) 2/............................| 145.8 145.8 145.8 0 0 0 0 0 14-4 | Railroad equipment..................................| 135.9 135.7 134.9 .4 -.6 -.4 -.1 -.2 | | |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 123.9 125.2 125.4 3.0 .2 .3 .3 .3 | | | INTERMEDIATE FOODS AND FEEDS..........................| 109.1 112.5 112.0 -3.0 -.4 1.3 .5 -.5 | | 02-12-03 | Flour 2/............................................| 103.1 102.3 103.9 -5.9 1.6 -1.9 -1.5 1.6 02-53 | Refined sugar 2/....................................| 122.4 121.1 120.2 -.1 -.7 -.6 -.6 -.7 02-54 | Confectionery materials.............................| 93.8 95.0 93.6 .8 -1.5 .3 3.4 -1.3 02-72 | Crude vegetable oils 2/.............................| 78.3 81.7 81.4 -37.8 -.4 .4 -4.3 -.4 02-9 | Prepared animal feeds 2/............................| 96.5 99.2 99.5 -2.1 .3 .4 1.4 .3 | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 124.7 125.9 126.2 3.3 .2 .3 .3 .3 | | 03-1 | Synthetic fibers 2/.................................| 103.2 103.6 103.5 -3.5 -.1 0 .9 -.1 03-2 | Processed yarns and threads 2/......................| 108.1 107.8 107.8 -3.1 0 -.2 0 0 03-3 | Gray fabrics 2/.....................................| 113.4 112.3 112.4 -5.5 .1 .4 -.2 .1 03-4 | Finished fabrics....................................| 122.5 123.2 122.9 .2 -.2 .2 .2 -.1 03-83-03 | Industrial textile products 2/......................| 129.4 129.8 130.2 -.2 .3 .1 .1 .3 04-2 | Leather.............................................| 175.6 178.2 178.7 .9 .3 .5 .3 0 05-32 | Liquefied petroleum gas 2/..........................| 69.0 99.8 102.1 85.0 2.3 16.2 5.9 2.3 ____________________________________________________________________________________________________________________________________ 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 | | |Nov. 1999 from:| code | Grouping |_______________________|_______________|________________________ | | | | | | | | | | |July |Oct. |Nov. | Nov. | Oct. |Aug. to|Sept.to|Oct. to | |1999 1/|1999 1/|1999 1/| 1998 | 1999 | Sept.| Oct. | Nov. ___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ | | | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | | -Continued..........................................| 05-42 | Commercial electric power...........................| 136.2 133.3 130.1 2.4 -2.4 0.1 3.6 0.7 05-43 | Industrial electric power...........................| 133.9 131.0 130.1 2.0 -.7 0 2.0 1.4 05-52 | Commercial natural gas (Dec. 1990=100)..............| 105.0 110.1 117.0 8.2 6.3 4.3 -3.4 1.9 05-53 | Industrial natural gas (Dec. 1990=100)..............| 101.6 105.3 111.6 6.2 6.0 3.6 -4.7 .8 05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 78.9 83.1 91.4 11.6 10.0 6.7 -4.3 -5.2 05-72-03 | Jet fuels...........................................| 51.0 63.8 66.6 44.2 4.4 7.8 -2.6 3.1 05-73-03 | No. 2 Diesel fuel...................................| 59.8 65.9 71.5 55.1 8.5 -3.8 -6.3 8.3 05-74 | Residual fuel 2/....................................| 52.3 63.4 64.3 64.9 1.4 20.5 -6.4 1.4 06-1 | Industrial chemicals 2/.............................| 118.1 121.8 122.8 2.8 .8 .5 2.0 .8 06-21 | Prepared paint......................................| 157.5 157.5 157.9 1.2 .3 0 .2 .3 06-22 | Paint materials 2/..................................| 144.1 144.5 144.6 .6 .1 -.6 .2 .1 06-31 | Medicinal and botanical chemicals ..................| 144.6 144.6 144.5 6.9 -.1 .7 -.5 .1 06-4 | Fats and oils, inedible 2/..........................| 79.5 98.7 97.8 -11.9 -.9 12.1 11.8 -.9 06-51 | Mixed fertilizers...................................| 114.1 113.0 111.1 -2.5 -1.7 -.4 -.1 -1.5 06-52-01 | Nitrogenates........................................| 90.0 96.7 96.5 -1.9 -.2 2.7 4.3 -.7 06-52-02 | Phosphates 2/.......................................| 113.7 107.2 107.1 -7.4 -.1 -1.4 -4.2 -.1 06-53 | Other agricultural chemicals........................| 143.7 147.5 146.5 .2 -.7 -.8 .3 -.6 06-6 | Plastic resins and materials 2/.....................| 127.9 134.1 134.2 14.6 .1 1.6 2.8 .1 07-11-02 | Synthetic rubber 2/.................................| 113.0 114.1 115.0 -.7 .8 .4 .3 .8 07-21 | Plastic construction products ......................| 129.0 130.9 132.0 5.5 .8 .9 .4 .9 07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 127.2 128.3 130.2 3.1 1.5 .2 .6 1.5 07-26 | Plastic parts and components for manufacturing 2/...| 117.7 117.6 117.1 0 -.4 .1 0 -.4 08-11 | Softwood lumber 2/..................................| 217.5 188.1 189.0 11.0 .5 -4.2 -4.3 .5 08-12 | Hardwood lumber ....................................| 176.2 177.9 179.6 1.5 1.0 .6 .6 1.0 08-2 | Millwork 2/.........................................| 176.7 175.9 175.9 2.6 0 .1 -.6 0 08-3 | Plywood 2/..........................................| 208.3 158.5 160.1 -.5 1.0 -11.4 -11.5 1.0 09-11 | Woodpulp 2/.........................................| 121.6 125.8 127.8 10.1 1.6 4.5 -.6 1.6 09-13 | Paper...............................................| 140.5 143.2 144.6 1.4 1.0 .4 1.1 1.0 09-14 | Paperboard..........................................| 154.5 162.7 162.3 12.2 -.2 -2.2 1.0 -1.4 09-15-03 | Paper boxes and containers 2/.......................| 157.6 164.3 164.3 7.4 0 1.5 .2 0 09-2 | Building paper and board 2/.........................| 149.6 141.1 141.0 7.4 -.1 -2.8 -3.1 -.1 09-37 | Commercial printing (June 1982=100) 2/..............| 151.9 152.4 152.9 .1 .3 -.1 .1 .3 10-15 | Foundry and forge shop products.....................| 135.1 135.2 135.0 .1 -.1 0 .1 -.1 10-17 | Steel mill products 2/..............................| 104.7 105.4 105.6 -4.2 .2 -.4 .8 .2 10-22 | Primary nonferrous metals 2/........................| 103.1 110.3 111.2 10.5 .8 2.9 2.8 .8 10-25-01 | Aluminum mill shapes 2/.............................| 137.2 141.9 142.0 2.9 .1 -1.9 3.7 .1 10-25-02 | Copper and brass mill shapes 2/.....................| 154.6 157.6 158.8 6.6 .8 1.9 -.7 .8 10-26 | Nonferrous wire and cable 2/........................| 134.7 138.4 137.4 -.7 -.7 1.3 .7 -.7 10-3 | Metal containers 2/.................................| 106.0 106.5 106.5 -.7 0 0 .5 0 10-4 | Hardware............................................| 149.1 149.9 149.9 1.8 0 -.1 .3 .1 10-5 | Plumbing fixtures and brass fittings................| 176.8 176.9 177.4 1.7 .3 .5 .1 .3 10-6 | Heating equipment...................................| 154.2 154.9 154.2 .5 -.5 .1 .1 -.3 10-7 | Fabricated structural metal products................| 143.1 143.6 143.7 .4 .1 .1 .2 .1 10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 130.3 131.1 130.3 -.2 -.6 .3 .2 -.6 10-89 | Other misc. metal products 2/.......................| 125.4 125.7 125.7 -.1 0 0 .2 0 11-45 | Mechanical power transmission equipment.............| 161.4 161.7 161.7 2.1 0 .2 .2 0 11-48 | Air conditioning and refrigeration equipment........| 135.9 136.1 136.0 .1 -.1 .1 .4 -.2 11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100) 2/.....| 160.4 160.3 160.4 1.1 .1 -.1 0 .1 11-49-05 | Ball and roller bearings............................| 166.9 167.0 167.0 .8 0 .1 .1 .1 11-71 | Wiring devices......................................| 152.9 153.2 153.4 .7 .1 -.1 .7 .3 11-73 | Motors, generators, motor generator sets............| 145.9 145.5 145.6 -.3 .1 -.1 0 .3 11-75 | Switchgear, switchboard, etc., equipment............| 151.0 150.9 151.3 .9 .3 0 .1 -.4 11-78 | Electronic components and accessories 2/............| 97.6 99.1 98.9 -.3 -.2 .7 .4 -.2 11-94 | Internal combustion engines.........................| 143.4 143.1 143.3 1.6 .1 -.1 .1 .1 11-95 | Machine shop products 2/............................| 136.8 136.7 136.9 .1 .1 0 0 .1 13-11 | Flat glass 2/.......................................| 106.9 106.6 106.9 0 .3 0 -.5 .3 13-22 | Cement..............................................| 151.2 151.0 150.8 1.9 -.1 .1 .1 .3 13-3 | Concrete products...................................| 143.8 144.3 144.4 2.1 .1 .3 .3 .1 13-6 | Asphalt felts and coatings 2/.......................| 98.6 99.8 99.8 -.3 0 .7 0 0 13-7 | Gypsum products 2/..................................| 207.1 218.6 223.2 22.0 2.1 -.8 2.2 2.1 13-8 | Glass containers 2/.................................| 126.1 125.7 125.7 -.2 0 -.2 0 0 14-12 | Motor vehicle parts 2/..............................| 113.9 114.0 113.5 -1.0 -.4 -.1 .5 -.4 14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 137.6 138.3 139.1 .7 .6 -.1 1.0 .4 14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 144.0 143.0 143.0 -1.0 0 .3 0 0 15-42 | Photographic supplies 2/............................| 128.4 128.1 128.1 -.7 0 .1 -.2 0 15-6 | Medical/surgical/personal aid devices...............| 144.5 145.6 145.4 1.0 -.1 -.1 .6 -.1 | | | CRUDE MATERIALS FOR FURTHER PROCESSING................| 97.9 104.9 108.6 16.0 3.5 5.1 -1.6 4.0 | | | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 96.2 99.6 99.5 -2.8 -.1 1.3 -.1 1.0 | | 01-21 | Wheat 2/............................................| 74.3 77.4 81.3 -9.6 5.0 1.1 -3.9 5.0 01-22-02-05| Corn................................................| 67.3 68.7 74.4 -11.5 8.3 -5.0 -4.9 11.5 01-31 | Slaughter cattle 2/.................................| 96.7 103.2 101.6 11.4 -1.6 .2 5.8 -1.6 01-32 | Slaughter hogs......................................| 51.3 55.7 55.2 82.8 -.9 -2.9 5.8 6.2 01-41-02 | Slaughter broilers/fryers...........................| 142.7 119.8 139.5 -11.3 16.4 8.2 -2.6 16.2 01-42 | Slaughter turkeys...................................| 126.9 138.8 138.7 .4 -.1 3.3 -3.4 -2.9 01-6 | Fluid milk..........................................| 103.4 114.6 104.5 -19.9 -8.8 4.5 -5.6 -8.9 01-83-01-31| Soybeans 2/.........................................| 70.5 80.0 78.6 -18.1 -1.8 3.0 -2.8 -1.8 02-52-01-01| Cane sugar,raw 2/...................................| 120.5 109.6 99.8 -14.3 -8.9 -1.0 -3.9 -8.9 | | | CRUDE NONFOOD MATERIALS..............................| 95.5 104.7 110.9 31.9 5.9 7.6 -2.4 5.9 | | 01-51-01-01| Raw cotton..........................................| 80.0 81.7 80.3 -28.5 -1.7 -1.6 3.0 -.7 01-92-01-01| Leaf tobacco 2/.....................................| 88.2 109.6 104.1 -7.1 -5.0 9.1 3.9 -5.0 04-11 | Cattle hides 2/.....................................| 136.3 157.0 141.2 6.1 -10.1 3.2 4.8 -10.1 05-1 | Coal 2/.............................................| 90.4 90.1 89.6 -4.9 -.6 -3.8 5.5 -.6 05-31 | Natural gas 2/......................................| 91.9 106.0 118.4 42.5 11.7 13.3 -6.4 11.7 05-61 | Crude petroleum 2/..................................| 53.7 60.6 66.2 102.4 9.2 14.3 -7.3 9.2 08-5 | Logs, timber, etc...................................| 201.0 205.7 206.7 3.7 .5 -.5 2.1 .8 09-12 | Wastepaper 2/.......................................| 207.4 224.7 238.0 102.9 5.9 6.6 4.4 5.9 10-11 | Iron ore 2/.........................................| 94.8 94.8 94.8 -.8 0 0 0 0 10-12 | Iron and steel scrap 2/.............................| 137.3 145.9 155.9 30.8 6.9 1.4 .3 6.9 10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 61.4 72.0 67.0 5.0 -6.9 3.0 12.1 -6.9 10-23-01 | Copper base scrap 2/................................| 113.3 115.4 114.6 7.5 -.7 2.5 -1.8 -.7 10-23-02 | Aluminum base scrap.................................| 167.4 170.9 173.6 19.3 1.6 1.6 .3 .3 13-21 | Construction sand, gravel, and crushed stone........| 157.6 157.7 158.2 2.9 .3 0 .3 .4 ____________________________________________________________________________________________________________________________________ 1/ The indexes for July 1999 have been recalculated to incorporate 2/ Not seasonally adjusted. late reports and corrections by respondents. All indexes are 3/ Not available. 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 | July 1999 | Oct. 1999 | Nov. 1999 | _________|________________________________________________|___________|___________|___________| | | | | | | Finished Goods (1967=100)......................| 373.0 | 378.9 | 378.9 | | All commodities................................| 125.7 | 127.9 | 128.4 | | | | | | | | | | | | MAJOR COMMODITY GROUPS | | | | | | | | | | Farm products and processed foods and feeds....| 118.8 | 121.0 | 120.6 | 01 | Farm products................................| 95.2 | 98.0 | 97.6 | 02 | Processed foods and feeds....................| 130.5 | 132.3 | 132.0 | | | | | | | Industrial commodities.........................| 127.0 | 129.2 | 129.9 | 03 | Textile products and apparel.................| 120.8 | 120.6 | 120.6 | 04 | Hides, skins, leather, and related products..| 145.2 | 148.7 | 146.6 | 05 | Fuels and related products and power 2/......| 82.8 | 87.2 | 89.6 | 06 | Chemicals and allied products 2/.............| 144.4 | 146.7 | 147.1 | 07 | Rubber and plastic products..................| 122.4 | 123.1 | 123.4 | 08 | Lumber and wood products.....................| 192.0 | 181.1 | 181.6 | 09 | Pulp, paper, and allied products.............| 174.4 | 176.9 | 177.5 | 10 | Metals and metal products....................| 124.4 | 126.5 | 126.6 | 11 | Machinery and equipment......................| 124.1 | 124.3 | 124.2 | 12 | Furniture and household durables.............| 131.7 | 131.9 | 131.9 | 13 | Nonmetallic mineral products.................| 138.9 | 139.9 | 140.1 | 14 | Transportation equipment.....................| 140.5 | 143.5 | 143.2 | 15 | Miscellaneous products.......................| 164.8 | 169.4 | 169.3 | | | | | | | Industrial commodities less fuels and related | | | | | products and power...........................| 139.3 | 140.7 | 140.8 | | | | | | | | | | | | OTHER COMMODITY GROUPINGS | | | | | | | | | 01-1 | Fruits and melons, fresh and dry vegetables, | | | | | and tree nuts................................| 116.7 | 115.2 | 104.8 | 01-2 | Grains.........................................| 71.7 | 72.7 | 77.3 | 01-3 | Slaughter livestock............................| 85.0 | 90.9 | 89.6 | 01-4 | Slaughter poultry..............................| 137.6 | 122.7 | 137.7 | 01-5 | Plant and animal fibers........................| 79.4 | 80.8 | 79.4 | 01-7 | Chicken eggs...................................| 80.7 | 68.8 | 101.7 | 01-8 | Hay, hayseeds, and oilseeds....................| 94.4 | 97.8 | 97.3 | 01-83 | Oilseeds.......................................| 82.2 | 88.4 | 87.4 | 01-9 | Other farm products............................| 131.5 | 163.5 | 155.2 | 02-1 | Cereal and bakery products.....................| 157.5 | 156.8 | 157.1 | 02-2 | Meats, poultry, and fish.......................| 114.0 | 116.7 | 115.9 | 02-22 | Processed poultry..............................| 114.5 | 111.7 | 115.1 | 02-5 | Sugar and confectionery........................| 136.3 | 135.4 | 134.4 | 02-6 | Beverages and beverage materials...............| 138.9 | 139.0 | 139.4 | 02-63 | Packaged beverage materials....................| 133.4 | 130.9 | 130.9 | 02-7 | Fats and oils..................................| 116.5 | 117.7 | 115.8 | 03-81 | Apparel........................................| 126.9 | 126.3 | 126.5 | 04-4 | Other leather and related products.............| 145.9 | 145.8 | 145.8 | 05-3 | Gas fuels 2/...................................| 84.8 | 103.0 | 112.6 | 05-4 | Electric power.................................| 133.5 | 131.0 | 128.9 | 05-7 | Refined petroleum products.....................| 63.6 | 69.1 | 71.8 | 06-3 | Drugs and pharmaceuticals......................| 252.9 | 254.8 | 254.7 | 06-5 | Agricultural chemicals and products............| 122.9 | 123.6 | 122.9 | 06-7 | Other chemicals and allied products............| 135.7 | 135.3 | 135.9 | 07-1 | Rubber and rubber products.....................| 113.7 | 113.8 | 114.6 | 07-11 | Rubber, except natural rubber..................| 112.4 | 113.5 | 114.4 | 07-13 | Miscellaneous rubber products..................| 138.3 | 138.4 | 138.3 | 07-2 | Plastic products...............................| 129.7 | 130.6 | 130.7 | 08-1 | Lumber.........................................| 202.8 | 183.0 | 184.1 | 09-1 | Pulp, paper, and products, excluding building | | | | | paper and board..............................| 148.5 | 152.7 | 153.5 | 09-15 | Converted paper and paperboard products........| 153.6 | 157.2 | 157.4 | 10-1 | Iron and steel.................................| 113.4 | 114.7 | 115.8 | 10-2 | Nonferrous metals..............................| 119.0 | 125.0 | 124.3 | 10-25 | Nonferrous mill shapes.........................| 132.7 | 136.6 | 137.5 | 11-3 | Metalworking machinery and equipment...........| 148.2 | 148.4 | 148.4 | 11-4 | General purpose machinery and equipment........| 149.6 | 149.7 | 149.8 | 11-6 | Special industry machinery.....................| 161.4 | 161.7 | 161.8 | 11-7 | Electrical machinery and equipment.............| 119.5 | 120.0 | 119.8 | 11-9 | Miscellaneous machinery and equipment..........| 133.3 | 133.2 | 133.4 | 12-6 | Other household durable goods..................| 152.9 | 153.0 | 153.4 | 13-2 | Concrete ingredients...........................| 152.6 | 152.6 | 152.9 | 14-1 | Motor vehicles and equipment...................| 129.8 | 134.3 | 133.7 | 15-1 | Toys, sporting goods, small arms, etc..........| 132.6 | 132.3 | 132.2 | 15-4 | Photographic equipment and supplies............| 110.9 | 110.4 | 110.3 | 15-9 | Other miscellaneous products...................| 135.1 | 135.5 | 135.4 | __________________________________________________________|___________|___________|___________| 1/ Data for July 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_Nov._1999_from: code | |base | | | | | | | |July |Oct. |Nov. | Nov. | Oct. | | |1999 2/|1999 2/|1999 2/| 1998 | 1999 __________________|______________________________________________|_____|_______|_______|_______|________|_________ | | | |Total mining industries...................... |12/84| 78.7 88.4 93.9 36.3 6.2 10 | Metal mining................................ |12/84| 68.8 77.8 73.5 3.5 -5.5 12 | Coal mining................................. |12/85| 86.9 86.9 86.5 -3.5 -.5 13 | Oil and gas extraction...................... |12/85| 79.6 91.9 99.8 51.4 8.6 14 | Mining and quarrying of non-metallic | | | minerals, except fuels..................... |12/84| 134.2 134.0 134.2 1.1 .1 | | | |Total manufacturing industries............... |12/84| 128.3 130.1 130.3 3.2 .2 20 | Food and kindred products................... |12/84| 125.9 127.4 127.2 .5 -.2 21 | Tobacco manufactures........................ |12/84| 316.1 344.4 344.6 38.7 .1 22 | Textile mill products....................... |12/84| 115.9 116.1 116.0 -1.5 -.1 23 | Apparel and other finished products made | | | from fabrics and similar materials......... |12/84| 125.1 125.5 125.6 .5 .1 24 | Lumber and wood products, except furniture.. |12/84| 168.5 159.9 160.0 3.1 .1 25 | Furniture and fixtures...................... |12/84| 141.3 141.8 141.8 1.3 0 26 | Paper and allied products................... |12/84| 136.3 139.8 140.2 4.6 .3 27 | Printing, publishing, and allied industries. |12/84| 177.4 178.3 178.8 2.1 .3 28 | Chemicals and allied products............... |12/84| 149.9 151.9 152.2 2.8 .2 29 | Petroleum refining and related products..... |12/84| 79.6 86.8 89.6 41.5 3.2 30 | Rubber and miscellaneous plastic products... |12/84| 122.1 122.8 123.2 1.2 .3 31 | Leather and leather products................ |12/84| 136.7 137.1 137.2 .5 .1 32 | Stone, clay, glass, and concrete products... |12/84| 132.7 133.5 133.7 2.6 .1 33 | Primary metal industries.................... |12/84| 115.4 117.0 116.9 -.9 -.1 34 | Fabricated metal products, except machinery | | | and transportation equipment............... |12/84| 129.1 129.4 129.4 .5 0 35 | Machinery, except electrical................ |12/84| 117.3 117.2 117.2 -.2 0 36 | Electrical and electronic machinery, | | | equipment, and supplies.................... |12/84| 109.5 109.2 109.4 -.6 .2 37 | Transportation equipment.................... |12/84| 133.0 136.5 136.1 .5 -.3 38 | Measuring and controlling instruments; | | | photographic, medical, optical goods; | | | watches, clocks............................ |12/84| 125.1 125.6 125.3 -.6 -.2 39 | Miscellaneous manufacturing industries...... |12/85| 130.5 130.4 130.2 .4 -.2 | | | |Services industries | | 40 | Railroad transportation..................... |12/96| 101.4 101.7 101.5 0 -.2 42 | Motor freight transportation and warehousing |06/93| 114.8 115.4 115.3 2.5 -.1 43 | United states postal service................ |06/89| 135.2 135.2 135.2 2.2 0 44 | Water transportation........................ |12/92| 117.4 117.5 116.3 8.4 -1.0 45 | Transportation by air....................... |12/92| 131.4 132.4 133.0 5.5 .5 46 | Pipe lines, except natural gas.............. |12/86| 98.2 98.5 98.4 -.8 -.1 80 | Health services............................. |12/94| 110.0 110.3 110.3 1.8 0 81 | Legal services.............................. |12/96| 108.8 109.2 109.5 2.8 .3 __________________________________________________________________________________________________________________ 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 July 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 | | | | | | | June | July | Aug. | Sep. | Oct. | Nov. | 1999 | 1999 | 1999 | 1999 | 1999 | 1999 _______________________________________________________|________|________|________|________|________|________ Finished goods...................................| 132.4 132.7 133.3 134.7 134.5 134.8 Finished consumer goods........................| 131.2 131.7 132.5 134.2 133.8 134.3 Finished consumer foods......................| 135.2 134.4 134.6 136.0 135.0 135.1 Crude......................................| 126.5 120.5 120.0 121.4 117.3 118.5 Processed..................................| 135.9 135.5 135.8 137.1 136.4 136.4 Finished consumer goods, excluding foods.....| 129.4 130.4 131.4 133.3 133.2 133.7 Nondurable goods less foods................| 126.4 127.9 129.5 131.7 131.3 132.2 Durable goods..............................| 132.6 132.4 132.4 133.2 133.8 133.6 Capital equipment..............................| 137.4 137.3 137.3 137.6 138.0 137.9 Manufacturing industries.....................| 138.5 138.5 138.5 138.5 138.6 138.6 Nonmanufacturing industries..................| 136.9 136.8 136.8 137.3 137.7 137.5 | Intermediate materials, supplies, and components.| 122.7 123.5 124.3 124.7 125.1 125.5 Materials and components for manufacturing.....| 124.1 124.7 124.9 125.1 125.9 125.9 Materials for food manufacturing.............| 120.3 118.9 120.1 121.8 121.9 120.9 Materials for nondurable manufacturing.......| 123.9 125.0 125.4 125.9 127.3 127.6 Materials for durable manufacturing..........| 124.8 126.1 126.3 125.8 126.6 126.9 Components for manufacturing.................| 125.7 125.6 125.6 125.7 126.0 125.8 Materials and components for construction......| 149.4 150.3 150.3 149.6 149.2 149.4 Processed fuels and lubricants.................| 83.1 85.8 88.1 89.7 89.9 91.4 Manufacturing industries ....................| 86.7 88.7 90.3 92.0 92.1 93.5 Nonmanufacturing industries..................| 80.9 83.8 86.5 88.1 88.3 89.9 Containers.....................................| 142.3 142.2 144.7 146.4 146.5 146.4 Supplies.......................................| 133.9 134.0 134.4 134.5 134.9 135.1 Manufacturing industries.....................| 140.4 140.5 141.1 141.0 141.3 141.5 Nonmanufacturing industries..................| 131.1 131.2 131.6 131.7 132.2 132.3 Feeds......................................| 88.0 87.1 88.1 88.6 90.3 90.6 Other supplies.............................| 136.3 136.5 136.8 136.8 137.2 137.4 | Crude materials for further processing...........| 97.2 97.3 101.3 106.5 104.8 109.0 Foodstuffs and feedstuffs......................| 99.0 94.7 98.0 99.3 99.2 100.2 Nonfood materials..............................| 92.4 95.6 99.9 107.5 104.9 111.1 Nonfood materials except fuel 2/.............| 88.7 93.0 96.3 102.9 101.1 105.0 Manufacturing 2/...........................| 80.8 84.8 87.9 94.2 92.4 96.1 Construction...............................| 195.3 196.3 199.6 198.0 201.2 203.2 Crude fuel 3/................................| 90.1 91.6 96.9 105.3 101.7 110.5 Manufacturing industries...................| 88.4 90.5 96.4 106.5 100.9 110.1 Nonmanufacturing industries................| 91.9 93.3 98.6 107.0 103.6 112.5 | Special groupings | | Finished goods, excluding foods..................| 131.4 132.1 132.8 134.2 134.3 134.6 Intermediate materials less foods and feeds......| 123.4 124.4 125.0 125.4 125.8 126.2 Intermediate foods and feeds.....................| 110.3 109.1 110.2 111.6 112.2 111.6 Crude materials less agricultural products 2/....| 92.6 96.1 100.3 108.2 105.3 111.9 | Finished energy goods............................| 76.8 79.1 82.1 83.9 83.1 84.3 Finished goods less energy.......................| 142.7 142.5 142.5 143.7 143.7 143.6 Finished consumer goods less energy..............| 144.9 144.6 144.6 146.1 145.9 146.0 | Finished goods less foods and energy.............| 145.6 145.7 145.5 146.6 147.0 147.0 Finished consumer goods less foods and energy....| 151.2 151.2 151.0 152.6 153.0 153.1 Consumer nondurable goods less foods and energy..| 165.7 165.9 165.5 167.8 168.1 168.4 | Intermediate energy goods........................| 82.8 85.5 87.7 89.3 89.5 91.1 Intermediate materials less energy...............| 131.5 131.9 132.3 132.4 132.9 133.0 Intermediate materials less foods and energy.....| 132.9 133.4 133.7 133.8 134.3 134.4 | Crude energy materials 2/........................| 77.1 80.4 85.2 94.1 89.6 97.5 Crude materials less energy......................| 107.3 104.8 107.9 109.7 110.4 111.3 Crude nonfood materials less energy 3/...........| 131.9 134.3 136.9 139.9 143.2 143.7 _____________________________________________________________________________________________________________ 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 July 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.