Producer Price Index for final demand decreased 0.8 percent for the year ended August 2015

September 15, 2015

The Producer Price Index for final demand decreased 0.8 percent from August 2014 to August 2015. This was the seventh consecutive 12-month decrease. The index for final demand goods decreased 4.1 percent, led by a 19.6-percent decline in prices for final demand energy.

12-month percent change in selected final demand price indexes, not seasonally adjusted, August 2014–August 2015
Grouping Aug 2014 Sep 2014 Oct 2014 Nov 2014 Dec 2014 Jan 2015 Feb 2015 Mar 2015 Apr 2015 May 2015(p) Jun 2015(p) Jul 2015(p) Aug 2015(p)

Total

1.9 1.6 1.5 1.3 0.9 0.0 -0.5 -0.9 -1.1 -1.1 -0.7 -0.8 -0.8

Goods

1.7 1.5 1.0 0.4 -1.2 -3.6 -4.1 -4.5 -5.5 -4.3 -3.7 -3.7 -4.1

Foods

3.8 3.9 4.3 4.4 4.4 2.6 0.6 -1.6 -4.5 -3.3 -3.0 -2.8 -2.2

Energy

0.5 -0.5 -3.8 -5.9 -13.2 -22.3 -22.4 -22.0 -24.0 -19.5 -17.9 -17.6 -19.6

Less foods and energy

1.6 1.7 1.7 1.5 1.1 0.7 0.5 0.6 0.4 0.5 0.6 0.5 0.4

Services

2.0 1.6 1.9 1.8 2.1 2.0 1.2 0.9 1.2 0.6 0.8 0.6 1.0

Trade

1.8 1.6 1.4 1.3 1.4 1.0 1.0 0.8 1.2 1.0 1.0 1.3 1.2

Transportation and warehousing

2.7 2.6 1.8 2.3 0.8 0.6 0.0 -0.9 -1.9 -2.3 -2.2 -2.2 -3.0

Less trade, transportation, and warehousing

2.0 1.1 2.8 2.3 4.0 4.2 1.9 1.4 1.8 0.5 1.3 0.1 1.6
Footnotes:

(p) = preliminary.

For the year ended August 2015, the index for final demand services increased 1.0 percent. The index for trade services, which measures changes in the margins wholesalers and retailers receive, increased 1.2 percent. Prices for transportation and warehousing services decreased 3.0 percent, the sixth straight 12-month decrease.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — August 2015" (HTML) (PDF). All producer price indexes are subject to revision once, 4 months after original publication; these revisions reflect late reports and corrections by respondents. Producer price indexes measure prices U.S. producers receive for goods, services, and construction.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand decreased 0.8 percent for the year ended August 2015 on the Internet at https://www.bls.gov/opub/ted/2015/producer-price-index-for-final-demand-decreased-for-the-year-ended-august-2015.htm (visited September 22, 2019).

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