Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Producer prices for finished goods, August 2011

September 19, 2011

From July to August, the Producer Price Index for finished goods was unchanged (seasonally adjusted), as a 1.1-percent increase in finished consumer foods prices and a 0.1-percent advance in the index for finished goods less foods and energy offset a 1.0-percent decrease in prices for finished energy goods.

1-month percent change in selected price indexes for finished goods, seasonally adjusted, August 2010–August 2011
[Chart data]

From July to August, over thirty percent of the advance in the index for finished consumer foods can be traced to meat prices, which climbed 2.4 percent. Higher prices for processed poultry and eggs for fresh use also were major factors in the increase in the finished foods index.

Over twenty percent of the increase in the index for finished goods less foods and energy from July to August is attributable to the index for tires, which climbed 1.4 percent. Higher prices for radio and television communication equipment also contributed to the rise in the finished core index.

From July to August, over half of the decline in the index for finished energy goods is due to a 6.0-percent drop in prices for liquefied petroleum gas. Lower prices for gasoline and diesel fuel also were significant factors in the decrease in the finished energy goods index.

These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — August 2011" (HTML) (PDF), news release USDL-11-1326. 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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices for finished goods, August 2011 at https://www.bls.gov/opub/ted/2011/ted_20110919.htm (visited March 29, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle