Producer Price Index for final demand up 2.6 percent over the year ended September 2017

October 17, 2017

The Producer Price Index for final demand increased 2.6 percent over the year ended September 2017. The Producer Price Index for final demand goods, which has a relative importance weight of 33.8 percent, increased 3.3 percent over the year. The final demand services index, which has a relative importance weight of 64.1 percent, increased 2.1 percent. The final demand construction index, which accounts for the remaining 2.1 percent of final demand, increased 3.4 percent over the same period.

12-month percentage change and relative importance for Producer Price Index for final demand groupings, not seasonally adjusted, September 2017
Grouping 12-month percent change, September 2016 to September 2017 Relative importance weight, December 2016

Final demand

2.6% 100.000%

Final demand goods

3.3 33.810

Final demand foods

1.2 5.399

Final demand energy

10.6 5.505

Final demand goods less foods and energy

2.2 22.906

Final demand services

2.1 64.117

Final demand trade services

2.2 20.264

Final demand transportation and warehousing services

3.3 4.986

Final demand services less trade, transportation, and warehousing

2.0 38.867

Final demand construction

3.4 2.074

Construction for private capital investment

3.4 1.401

Construction for government

3.3 0.673

Note: All indexes are subject to revision 4 months after original publication.

Within the final demand goods grouping, the index for foods increased 1.2 percent over the 12 months ended September 2017, while the energy index increased 10.6 percent. Producer prices for all other final demand goods, measured in the index for final demand goods less foods and energy increased 2.2 percent for the year.

Within the final demand services grouping, the index for trade services increased 2.2 percent over the year. The transportation and warehousing services index increased 3.3 percent. The index for all other final demand services, final demand services less trade, transportation, and warehousing increased 2.0 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — September 2017" (HTML) (PDF). Producer price indexes measure prices that U.S. producers receive for goods, services, and construction. All producer prices are subject to revision once, 4 months after original publication. Also see Charts related to the latest "U.S. Producer Price Indexes" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand up 2.6 percent over the year ended September 2017 on the Internet at https://www.bls.gov/opub/ted/2017/producer-price-index-for-final-demand-up-2-point-6-percent-over-the-year-ended-september-2017.htm (visited September 15, 2019).

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