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Producer Price Index for final demand decreased 1.0 percent for the year ended December 2015

January 20, 2016

The Producer Price Index for final demand decreased 1.0 percent from December 2014 to December 2015. This was the eleventh consecutive 12-month decrease. The index for final demand goods decreased 3.7 percent, led by a 16.2-percent decline in prices for final demand energy.
12-month percent change in selected final demand price indexes, not seasonally adjusted, December 2014–December 2015
Grouping Dec 2014 Jan 2015 Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 (p) Oct 2015 (p) Nov 2015 (p) Dec 2015 (p)

Total

 0.9 0.0 -0.5 -0.9 -1.1 -0.8 -0.5 -0.7 -1.0 -1.1 -1.6 -1.1 -1.0

Goods

 -1.2 -3.6 -4.1 -4.5 -5.5 -4.0 -3.7 -3.8 -4.3 -5.1 -4.8 -4.3 -3.7

Foods

 4.4 2.6 0.6 -1.6 -4.5 -3.0 -2.7 -3.3 -2.6 -2.9 -4.2 -3.9 -5.2

Energy

 -13.2 -22.3 -22.4 -22.0 -24.0 -19.0 -18.2 -17.9 -19.9 -23.7 -21.5 -19.0 -16.2

Less foods and energy

 1.1 0.7 0.5 0.6 0.4 0.5 0.7 0.5 0.4 0.2 -0.1 -0.1 0.0

Services

 2.1 2.0 1.2 0.9 1.2 0.8 1.1 0.8 0.7 1.0 0.1 0.5 0.4

Trade

 1.4 1.0 1.0 0.8 1.2 1.2 1.3 1.3 1.1 1.0 0.8 0.8 1.0

Transportation and warehousing

 0.8 0.6 0.0 -0.9 -1.9 -2.0 -2.1 -2.2 -3.4 -3.3 -2.9 -2.8 -3.4

Less trade, transportation, and warehousing

 4.0 4.2 1.9 1.4 1.8 0.8 1.7 0.8 1.0 2.1 -0.7 1.0 0.2
Footnotes:

(p) = preliminary.

For the year ended December 2015, the index for final demand services increased 0.4 percent. The index for trade services, which measures changes in the margins wholesalers and retailers receive, increased 0.2 percent. Prices for transportation and warehousing services decreased 3.4 percent, the tenth straight 12-month decrease.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — December 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 1.0 percent for the year ended December 2015 at https://www.bls.gov/opub/ted/2016/producer-price-index-for-final-demand-decreased-for-the-year-ended-december-2015.htm (visited April 19, 2024).

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