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Economic News Release
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Producer Price Index News Release summary

Transmission of material in this release is embargoed until                          USDL 21-0859
8:30 a.m. (ET), Thursday, May 13, 2021

Technical information:      (202) 691-7705  *  ppi-info@bls.gov  *  www.bls.gov/ppi
Media contact:              (202) 691-5902  *  PressOffice@bls.gov   

                                 PRODUCER PRICE INDEXES - APRIL 2021


The Producer Price Index for final demand increased 0.6 percent in April, seasonally adjusted, 
the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 1.0 percent in 
March and 0.5 percent in February. (See table A.) On an unadjusted basis, the final demand 
index moved up 6.2 percent for the 12 months ended in April, the largest advance since 12-
month data were first calculated in November 2010.

About two-thirds of the April advance in the final demand index can be traced to a 0.6-percent 
increase in prices for final demand services. The index for final demand goods also moved up 0.6 
percent.

The index for final demand less foods, energy, and trade services rose 0.7 percent in April 
following an increase of 0.6 percent in March. For the 12 months ended in April, prices for final 
demand less foods, energy, and trade services moved up 4.6 percent, the largest advance since 
12-month data were first calculated in August 2014.

Final Demand

Final demand services: Prices for final demand services rose 0.6 percent in April, the fourth 
consecutive advance. Half of the broad-based increase in April is attributable to the index for final 
demand services less trade, transportation, and warehousing, which moved up 0.5 percent. Margins 
for final demand trade services also rose 0.5 percent, and the index for final demand transportation 
and warehousing services jumped 2.1 percent. (Trade indexes measure changes in margins received 
by wholesalers and retailers.)

Product detail: Within the index for final demand services in April, prices for portfolio management 
rose 1.5 percent. The indexes for airline passenger services; food retailing; fuels and lubricants 
retailing; physician care; and hardware, building materials, and supplies retailing also moved higher. 
Conversely, margins for machinery and vehicle wholesaling fell 5.6 percent. The indexes for apparel 
wholesaling and for securities brokerage, dealing, investment advice, and related services also 
declined. (See table 4.)

Final demand goods: Prices for final demand goods climbed 0.6 percent in April, after rising 1.7 
percent in March. Leading the April advance, the index for final demand goods less foods and energy 
increased 1.0 percent. Prices for final demand foods moved up 2.1 percent. In contrast, the index for 
final demand energy fell 2.4 percent. 

Product detail: A major factor in the April increase in prices for final demand goods was the index 
for steel mill products, which jumped 18.4 percent. Prices for beef and veal, pork, residential natural 
gas, plastic resins and materials, and dairy products also moved higher. Conversely, the index for 
gasoline fell 3.4 percent. Prices for chicken eggs and for carbon steel scrap also declined.

Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted
Month Total
final
demand
Final
demand
less
foods,
energy,
and
trade
Final demand goods Final demand services Change
in final
demand
from 12
months
ago
(unadj.)
Change
in final
demand
less
foods,
energy,
and
trade
from 12
mo. ago
(unadj.)
Total Foods Energy Less
foods
and
energy
Total Trade Transportation
and
warehousing
Other

2020

Apr.

-1.1 -0.8 -2.8 -0.3 -17.3 -0.3 -0.4 1.1 -3.4 -0.8 -1.5 -0.1

May

0.4 0.1 1.4 5.7 3.7 -0.1 0.1 -0.2 1.4 0.1 -1.1 -0.2

June

0.3 0.3 0.4 -4.9 9.6 0.1 0.2 -0.1 1.3 0.3 -0.7 0.1

July

0.5 0.4 0.5 -0.9 4.1 0.3 0.5 0.9 -0.6 0.4 -0.3 0.3

Aug.

0.2 0.2 0.4 -0.3 1.0 0.3 0.2 -0.1 -0.8 0.3 -0.3 0.4

Sept.

0.3 0.4 0.4 1.7 -0.3 0.3 0.2 -0.3 0.6 0.4 0.3 0.8

Oct.

0.6 0.2 0.5 2.1 0.5 0.0 0.7 1.5 1.1 0.1 0.6 0.9

Nov.

0.0 0.2 0.4 0.2 1.7 0.3 -0.2 -0.7 -0.5 0.2 0.8 1.0

Dec.(1)

0.3 0.4 0.9 -1.4 4.9 0.5 0.0 -0.7 -0.2 0.4 0.8 1.3

2021

Jan.(1)

1.3 1.1 1.6 1.7 4.9 0.8 1.1 0.8 1.0 1.2 1.7 2.0

Feb.

0.5 0.2 1.4 1.3 6.0 0.3 0.1 0.1 1.1 0.0 2.8 2.2

Mar.

1.0 0.6 1.7 0.5 5.9 0.9 0.7 1.0 1.5 0.4 4.2 3.1

Apr.

0.6 0.7 0.6 2.1 -2.4 1.0 0.6 0.5 2.1 0.5 6.2 4.6

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2020 have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Commodity Type

Within intermediate demand in April, prices for processed goods increased 1.6 percent, the index for 
unprocessed goods fell 3.8 percent, and prices for services climbed 0.8 percent. (See tables B and C.)

Processed goods for intermediate demand: The index for processed goods for intermediate 
demand moved up 1.6 percent in April, the eleventh consecutive advance. Leading the April 
increase, prices for processed materials less foods and energy rose 2.9 percent. The index for 
processed foods and feeds jumped 3.3 percent. In contrast, prices for processed energy goods 
decreased 4.1 percent. For the 12 months ended in April, the index for processed goods for 
intermediate demand rose 18.4 percent, the largest advance since increasing 18.9 percent for the 12 
months ended February 1980.

Product Detail: Over half of the April rise in the index for processed goods for intermediate demand 
can be traced to an 18.4-percent jump in prices for steel mill products. The indexes for industrial 
chemicals, plastic resins and materials, meats, plastic products, and lumber also moved higher. 
Conversely, prices for diesel fuel fell 7.6 percent. The indexes for electric power and for paving 
mixtures and blocks also declined. (See table 5.)

Unprocessed goods for intermediate demand: The index for unprocessed goods for intermediate 
demand moved down 3.8 percent in April, the first decrease since falling 13.7 percent in April 2020. 
The decline in April 2021 is attributable to prices for unprocessed energy materials, which dropped 
17.2 percent. In contrast, the index for unprocessed foodstuffs and feedstuffs increased 7.9 percent, 
and prices for unprocessed nonfood materials less energy advanced 1.2 percent. For the 12 months 
ended in April, the index for unprocessed goods for intermediate demand surged 57.6 percent, the 
largest rise since jumping 59.3 percent for the 12 months ended August 1973.

Product Detail: Leading the April decrease in the index for unprocessed goods for intermediate 
demand, prices for natural gas dropped 32.5 percent. The indexes for crude petroleum; hay, hayseeds, 
and oilseeds; carbon steel scrap; ungraded chicken eggs; and wheat also moved lower. Conversely, 
prices for slaughter livestock increased 19.7 percent. The indexes for nonferrous scrap and for coal 
also moved higher.

Table B. Monthly and 12-month percent changes in selected intermediate demand price indexes for goods by commodity type, seasonally adjusted
Month Processed goods for intermediate demand Unprocessed goods for intermediate demand
Total Foods
and
feeds
Energy
goods
Less
foods
and
energy
Total,
change
from 12
months
ago
(unadj.)
Total Foodstuffs
and
feedstuffs
Energy
materials
Nonfood
materials
less
energy
Total,
change
from 12
months
ago
(unadj.)

2020

Apr.

-3.5 0.1 -14.3 -1.5 -7.6 -13.7 -11.7 -25.2 -3.6 -28.6

May

0.0 6.4 -1.2 -0.6 -7.2 8.4 7.4 19.2 0.5 -20.1

June

1.2 -5.0 9.4 0.5 -5.0 5.4 1.5 15.4 0.9 -13.8

July

1.4 -0.5 6.1 0.6 -3.7 0.6 0.5 0.8 0.5 -13.9

Aug.

0.9 -0.7 2.6 0.8 -2.3 4.0 1.8 7.9 3.3 -9.1

Sept.

0.6 0.6 -0.3 0.8 -1.6 5.2 5.8 5.2 4.3 -4.1

Oct.

0.9 1.7 3.1 0.3 -0.9 1.3 5.2 -3.2 0.3 -2.4

Nov.

0.9 2.0 3.4 0.2 -0.2 6.3 2.3 15.3 2.8 0.6

Dec.(1)

1.4 -0.6 2.6 1.4 1.5 2.1 -3.6 6.5 5.3 1.3

2021

Jan.(1)

1.5 1.1 1.7 1.4 3.1 4.0 0.1 4.6 8.8 6.6

Feb.

2.7 2.2 6.5 1.8 6.6 4.3 3.5 9.8 -1.3 19.0

Mar.

4.0 0.9 8.8 3.2 12.5 9.3 1.4 22.3 3.2 41.6

Apr.

1.6 3.3 -4.1 2.9 18.4 -3.8 7.9 -17.2 1.2 57.6

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2020 have been revised to reflect the availability of late reports and corrections by respondents.

Services for intermediate demand: The index for services for intermediate demand rose 0.8 percent 
in April, the fifth consecutive increase. Nearly 40 percent of the broad-based advance in April is 
attributable to margins for trade services for intermediate demand, which moved up 1.5 percent. 
Prices for services less trade, transportation, and warehousing for intermediate demand rose 0.4 
percent, and the index for transportation and warehousing services for intermediate demand increased 
2.0 percent. For the 12 months ended in April, prices for services for intermediate demand climbed 
6.7 percent, the largest advance since 12-month data were first calculated in November 2010.

Product detail: A major factor in the April rise in prices for services for intermediate demand was the 
index for hardware, building materials, and supplies retailing, which moved up 7.0 percent. Prices for 
staffing services, arrangement of freight and cargo transportation, legal services, airline passenger 
services, and passenger car rental also increased. In contrast, prices for securities brokerage, dealing, 
investment advice, and related services fell 2.4 percent. The indexes for business loans (partial) and 
for chemicals and allied products wholesaling also declined. 

Table C. Monthly and 12-month percent changes in selected intermediate demand price indexes for services by commodity type, seasonally adjusted
Month Services for intermediate demand
Total Trade Transportation
and
warehousing
Other Total, change
from 12 months
ago (unadj.)

2020

Apr.

-1.6 0.0 -1.5 -2.1 -1.2

May

-0.3 0.1 0.8 -0.8 -1.5

June

0.3 1.3 -0.2 0.3 -1.3

July

0.5 0.0 -0.5 0.8 -0.9

Aug.

0.8 2.0 -0.1 0.8 -0.4

Sept.

1.1 1.6 0.9 0.8 0.6

Oct.

0.7 1.0 1.3 0.5 1.7

Nov.

0.0 -0.2 -0.2 0.0 1.8

Dec.(1)

0.7 2.4 -0.3 0.4 2.1

2021

Jan.(1)

0.8 -0.4 0.3 1.3 2.8

Feb.

0.7 2.0 1.5 0.1 3.7

Mar.

0.4 0.4 0.9 0.3 4.0

Apr.

0.8 1.5 2.0 0.4 6.7

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2020 have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Production Flow

Stage 4 intermediate demand: Prices for stage 4 intermediate demand increased 1.0 percent in 
April following a 1.2-percent rise in March. In April, the index for total goods inputs to stage 4 
intermediate demand advanced 1.6 percent, and prices for total services inputs moved up 0.5 percent. 
(See table D.) Increases in the indexes for steel mill products, meats, plastic products, staffing 
services, portfolio management, and machinery and equipment parts and supplies wholesaling 
outweighed decreasing prices for electric power; securities brokerage, dealing, investment advice, 
and related services; and diesel fuel. (See table 6.) For the 12 months ended in April, the index for 
stage 4 intermediate demand moved up 9.5 percent, the largest advance since 12-month data were 
first calculated in November 2010.

Stage 3 intermediate demand: Prices for stage 3 intermediate demand rose 2.7 percent in April, 
following a 2.8-percent increase in March. In April, the index for total goods inputs to stage 3 
intermediate demand moved up 4.3 percent, and prices for total services inputs advanced 1.1 percent. 
Increases in the indexes for slaughter livestock, steel mill products, slaughter poultry, plastic resins 
and materials, staffing services, and arrangement of freight and cargo transportation outweighed 
falling prices for diesel fuel, electric power, and tax preparation and planning. For the 12 months 
ended in April, the index for stage 3 intermediate demand rose 18.4 percent, the largest advance since 
12-month data were first calculated in November 2010. 

Stage 2 intermediate demand: Prices for stage 2 intermediate demand moved down 2.1 percent in 
April, the first decrease since a 4.4-percent decline in April 2020. In April 2021, the index for total 
goods inputs to stage 2 intermediate demand fell 5.7 percent. Conversely prices for total services 
inputs rose 1.1 percent. Lower prices for gas fuels; crude petroleum; business loans (partial); hay, 
hayseeds, and oilseeds; carbon steel scrap; and tax preparation and planning outweighed increases in 
the indexes for staffing services, industrial chemicals, and steel mill products. For the 12 months 
ended in April, prices for stage 2 intermediate demand moved up 19.6 percent, the largest advance 
since 12-month data were first calculated in November 2010. 

Stage 1 intermediate demand: Prices for stage 1 intermediate demand rose 1.1 percent in April, the 
eleventh consecutive increase. In April, the index for total goods inputs to stage 1 intermediate 
demand climbed 1.5 percent, and prices for total services inputs moved up 0.9 percent. Advances in 
the indexes for steel mill products; hardware, building materials, and supplies retailing; industrial 
chemicals; airline passenger services; passenger car rental; and corn outweighed decreases in prices 
for diesel fuel; electric power; and securities brokerage, dealing, investment advice, and related 
services. For the 12 months ended in April, the index for stage 1 intermediate demand moved up 17.4 
percent, the largest advance since 12-month data were first calculated in November 2010.

Table D. Monthly percent changes in selected intermediate demand price indexes by production flow, seasonally adjusted
Month Stage 4 intermediate
demand
Stage 3 intermediate
demand
Stage 2 intermediate
demand
Stage 1 intermediate
demand
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs

2020

Apr.

-1.6 -1.7 -1.6 -5.2 -9.7 -1.1 -4.4 -8.9 -1.7 -4.3 -6.6 -1.7

May

0.1 0.5 -0.2 0.8 2.0 -0.3 1.5 3.7 0.3 -0.8 -0.9 -0.7

June

0.5 0.5 0.7 1.7 3.7 0.1 1.8 4.7 0.2 1.8 3.1 0.5

July

0.8 0.8 0.7 1.1 2.1 0.2 0.8 1.1 0.7 1.5 2.8 -0.1

Aug.

0.8 0.4 1.1 0.9 1.1 0.8 1.5 3.2 0.5 1.3 1.8 0.7

Sept.

0.8 0.5 1.1 0.9 0.9 0.8 1.8 3.1 0.8 1.3 1.3 1.2

Oct.

0.4 0.5 0.5 1.1 1.4 0.7 0.5 0.3 0.8 0.7 0.9 0.5

Nov.

0.2 0.4 0.0 0.7 1.3 0.2 1.8 5.3 -0.4 1.1 2.3 -0.2

Dec.(1)

0.9 0.7 1.1 1.1 1.7 0.7 1.8 3.9 0.3 2.8 4.2 1.1

2021

Jan.(1)

1.1 1.3 0.9 1.0 0.8 1.2 2.3 4.2 1.0 1.1 1.9 0.6

Feb.

1.1 1.6 0.9 2.2 4.1 0.6 2.0 4.4 0.2 1.9 2.8 1.0

Mar.

1.2 2.0 0.4 2.8 5.2 0.6 4.5 10.0 0.2 2.5 4.5 0.5

Apr.

1.0 1.6 0.5 2.7 4.3 1.1 -2.1 -5.7 1.1 1.1 1.5 0.9

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2020 have been revised to reflect the availability of late reports and corrections by respondents.

________________
The Producer Price Index for May 2021 is scheduled to be released on Tuesday, June 15, 2021 
at 8:30 a.m. (ET).


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Last Modified Date: May 13, 2021