Producer Price Index for final demand decreased 0.1 percent for the year ended March 2016

April 15, 2016

The Producer Price Index for final demand decreased 0.1 percent from March 2015 to March 2016, after being unchanged for the year ending February 2016. The index for final demand goods decreased 2.6 percent, led by a 13.8-percent decline in prices for final demand energy.

12-month percent change in selected final demand price indexes, not seasonally adjusted, March 2015—March 2016
Grouping Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015(p) Jan 2016(p) Feb 2016(p) Mar 2016(p)

Total

-0.9 -1.1 -0.8 -0.5 -0.7 -1.0 -1.1 -1.4 -1.3 -1.0 -0.2 0.0 -0.1

Goods

-4.5 -5.5 -4.0 -3.7 -3.8 -4.3 -5.1 -4.8 -4.4 -3.7 -2.5 -2.7 -2.6

Foods

-1.6 -4.5 -3.0 -2.7 -3.3 -2.6 -3.0 -4.2 -4.3 -5.2 -3.5 -2.5 -2.5

Energy

-22.0 -24.0 -19.0 -18.2 -17.9 -19.9 -23.6 -21.4 -19.2 -16.2 -11.5 -14.5 -13.8

Less foods and energy

0.8 1.0 0.7 1.1 0.8 0.6 0.7 0.2 0.3 0.3 0.6 1.2 1.0

Services

0.9 1.2 0.8 1.1 0.8 0.7 0.9 0.3 0.4 0.4 0.9 1.5 1.2

Trade

1.4 1.8 0.8 1.7 0.8 1.0 2.0 -0.2 0.4 0.2 0.4 1.9 1.2

Transportation and warehousing

-0.9 -1.9 -2.0 -2.1 -2.2 -3.4 -3.2 -2.9 -2.7 -3.4 -2.2 -2.3 -2.3

Less trade, transportation, and warehousing

0.8 1.2 1.2 1.3 1.3 1.1 1.0 0.9 0.7 1.0 1.6 1.8 1.7
Footnotes:

(p) = preliminary.

Within final demand energy, the producer price indexes for finished consumer energy goods (−11.7 percent), government purchased energy (−20.8 percent), and energy for export (−30.7 percent) all decreased from March 2015 to March 2016.

For the year ended March 2016, the index for final demand services increased 1.2 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 2.3 percent, the thirteenth straight 12-month decrease.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — March 2016" (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 0.1 percent for the year ended March 2016 on the Internet at https://www.bls.gov/opub/ted/2016/producer-price-index-for-final-demand-decreased-for-the-year-ended-march-2016.htm (visited September 18, 2019).

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