Beef, vehicle prices contribute to October PPI gain
November 17, 2003
The Producer Price Index for Finished Goods advanced 0.8 percent in October, seasonally adjusted. Rising prices for beef and veal, light motor trucks, and passenger cars led the increase in the finished goods index.
Among finished goods, prices for finished consumer foods moved up 2.2 percent in October, compared with a 1.2-percent increase in the previous month. Excluding beef and veal, the finished goods index would have risen 0.5 percent in October.
The index for finished goods other than foods and energy rose 0.5 percent, after showing no change in September. Excluding passenger cars and light trucks, prices for finished goods other than foods and energy would have risen 0.2 percent in October. By contrast, prices for finished energy goods inched down 0.1 percent in October, following a 0.1-percent gain a month earlier..
From October 2002 to October 2003, prices for finished goods advanced 3.4 percent, as shown in the chart.
These data are from the BLS Producer Price Index program. Find out more in "Producer Price Indexes -- October 2003" (PDF) (TXT), news release USDL 03–720. 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Beef, vehicle prices contribute to October PPI gain on the Internet at https://www.bls.gov/opub/ted/2003/nov/wk3/art01.htm (visited January 20, 2020).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.