Figure 3. PPI for All Commodities, 1926–43
Date Index level

Jan 1926

17.8

Feb 1926

17.6

Mar 1926

17.3

Apr 1926

17.3

May 1926

17.3

Jun 1926

17.3

Jul 1926

17.1

Aug 1926

17.1

Sep 1926

17.2

Oct 1926

17.1

Nov 1926

17.0

Dec 1926

16.9

Jan 1927

16.4

Feb 1927

16.6

Mar 1927

16.5

Apr 1927

16.3

May 1927

16.2

Jun 1927

16.2

Jul 1927

16.2

Aug 1927

16.4

Sep 1927

16.6

Oct 1927

16.7

Nov 1927

16.6

Dec 1927

16.6

Jan 1928

16.6

Feb 1928

16.5

Mar 1928

16.5

Apr 1928

16.7

May 1928

16.8

Jun 1928

16.7

Jul 1928

16.8

Aug 1928

16.8

Sep 1928

17.0

Oct 1928

16.7

Nov 1928

16.5

Dec 1928

16.5

Jan 1929

16.5

Feb 1929

16.4

Mar 1929

16.6

Apr 1929

16.5

May 1929

16.3

Jun 1929

16.4

Jul 1929

16.6

Aug 1929

16.6

Sep 1929

16.6

Oct 1929

16.4

Nov 1929

16.1

Dec 1929

16.1

Jan 1930

15.9

Feb 1930

15.7

Mar 1930

15.5

Apr 1930

15.5

May 1930

15.3

Jun 1930

15.0

Jul 1930

14.5

Aug 1930

14.5

Sep 1930

14.5

Oct 1930

14.3

Nov 1930

14.0

Dec 1930

13.7

Jan 1931

13.5

Feb 1931

13.2

Mar 1931

13.1

Apr 1931

12.9

May 1931

12.6

Jun 1931

12.4

Jul 1931

12.4

Aug 1931

12.4

Sep 1931

12.3

Oct 1931

12.1

Nov 1931

12.1

Dec 1931

11.8

Jan 1932

11.6

Feb 1932

11.4

Mar 1932

11.4

Apr 1932

11.3

May 1932

11.1

Jun 1932

11.0

Jul 1932

11.1

Aug 1932

11.2

Sep 1932

11.3

Oct 1932

11.1

Nov 1932

11.0

Dec 1932

10.8

Jan 1933

10.5

Feb 1933

10.3

Mar 1933

10.4

Apr 1933

10.4

May 1933

10.8

Jun 1933

11.2

Jul 1933

11.9

Aug 1933

12.0

Sep 1933

12.2

Oct 1933

12.3

Nov 1933

12.3

Dec 1933

12.2

Jan 1934

12.4

Feb 1934

12.7

Mar 1934

12.7

Apr 1934

12.7

May 1934

12.7

Jun 1934

12.9

Jul 1934

12.9

Aug 1934

13.2

Sep 1934

13.4

Oct 1934

13.2

Nov 1934

13.2

Dec 1934

13.3

Jan 1935

13.6

Feb 1935

13.7

Mar 1935

13.7

Apr 1935

13.8

May 1935

13.8

Jun 1935

13.8

Jul 1935

13.7

Aug 1935

13.9

Sep 1935

13.9

Oct 1935

13.9

Nov 1935

13.9

Dec 1935

14.0

Jan 1936

13.9

Feb 1936

13.9

Mar 1936

13.7

Apr 1936

13.7

May 1936

13.5

Jun 1936

13.7

Jul 1936

13.9

Aug 1936

14.0

Sep 1936

14.0

Oct 1936

14.0

Nov 1936

14.2

Dec 1936

14.5

Jan 1937

14.8

Feb 1937

14.9

Mar 1937

15.1

Apr 1937

15.2

May 1937

15.1

Jun 1937

15.0

Jul 1937

15.2

Aug 1937

15.1

Sep 1937

15.1

Oct 1937

14.7

Nov 1937

14.4

Dec 1937

14.1

Jan 1938

14.0

Feb 1938

13.8

Mar 1938

13.7

Apr 1938

13.5

May 1938

13.5

Jun 1938

13.5

Jul 1938

13.6

Aug 1938

13.4

Sep 1938

13.5

Oct 1938

13.4

Nov 1938

13.4

Dec 1938

13.3

Jan 1939

13.3

Feb 1939

13.3

Mar 1939

13.2

Apr 1939

13.1

May 1939

13.1

Jun 1939

13.0

Jul 1939

13.0

Aug 1939

12.9

Sep 1939

13.6

Oct 1939

13.7

Nov 1939

13.6

Dec 1939

13.7

Jan 1940

13.7

Feb 1940

13.6

Mar 1940

13.5

Apr 1940

13.5

May 1940

13.5

Jun 1940

13.4

Jul 1940

13.4

Aug 1940

13.4

Sep 1940

13.4

Oct 1940

13.6

Nov 1940

13.7

Dec 1940

13.8

Jan 1941

13.9

Feb 1941

13.9

Mar 1941

14.0

Apr 1941

14.4

May 1941

14.6

Jun 1941

15.0

Jul 1941

15.3

Aug 1941

15.6

Sep 1941

15.8

Oct 1941

15.9

Nov 1941

15.9

Dec 1941

16.2

Jan 1942

16.5

Feb 1942

16.7

Mar 1942

16.8

Apr 1942

17.0

May 1942

17.0

Jun 1942

17.0

Jul 1942

17.0

Aug 1942

17.1

Sep 1942

17.2

Oct 1942

17.2

Nov 1942

17.3

Dec 1942

17.4

Jan 1943

17.5

Feb 1943

17.7

Mar 1943

17.8

Apr 1943

17.9

May 1943

17.9

Jun 1943

17.9

Jul 1943

17.8

Aug 1943

17.8

Sep 1943

17.8

Oct 1943

17.8

Nov 1943

17.7

Dec 1943

17.8

Source: U.S. Bureau of Labor Statistics.