PPI for final demand up 1.8 percent, August 2013–August 2014

September 17, 2014

The Producer Price Index for final demand increased 1.8 percent for the 12 months ended in August 2014 (not seasonally adjusted). Prices for processed goods for intermediate demand rose 1.3 percent over the year (August 2013 to August 2014), and the index for unprocessed goods for intermediate demand moved down 0.8 percent, the largest 12-month decrease since a 1.9-percent decline in December 2013.

12-month percent changes in selected producer price indexes, not seasonally adjusted, August 2013–August 2014
Month Total final demand Processed goods for intermediate demand Unprocessed goods for intermediate demand

Aug 2013

1.7 0.4 1.9

Sep 2013

1.1 -0.6 0.5

Oct 2013

1.3 -0.8 -0.5

Nov 2013

1.1 -0.4 -3.0

Dec 2013

1.2 0.1 -1.9

Jan 2014

1.3 0.5 -0.5

Feb 2014

1.2 -0.2 5.1

Mar 2014

1.6 0.7 5.3

Apr 2014

1.8 1.5 6.5

May 2014

2.0 1.3 4.4

Jun 2014

1.9 1.5 3.9

Jul 2014

1.7 1.6 0.9

Aug 2014

1.0 1.3 -0.8

From August 2013 to August 2014, prices for stage-4 intermediate demand rose 1.4 percent and prices for stage-3 intermediate demand rose 2.9 percent. The index for stage-2 intermediate demand decreased 1.5 percent, the largest decline since a 1.7-percent decrease for the 12 months ended in September 2012. Prices for stage-1 intermediate demand rose 1.7 percent over the past year. Stages 1 through 4 are different levels in the intermediate demand production flow process, with stage 1 representing the initial stage and stage 4 the final stage of the process.

These data are from the BLS Producer Price Indexes program. To learn more, see "Producer Price Indexes — August 2014" (HTML) (PDF), news release USDL‑14‑1710. 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. Final demand includes goods, services, and construction that are sold for personal consumption, capital investment, government purchases, and export.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, PPI for final demand up 1.8 percent, August 2013–August 2014 on the Internet at https://www.bls.gov/opub/ted/2014/ted_20140917.htm (visited September 22, 2019).

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