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Final demand PPI up 3.3 percent for year ended July 2018

August 13, 2018

The Producer Price Index for final demand increased 3.3 percent, on an unadjusted basis, for the 12 months ended in July 2018. The index for final demand was unchanged from June to July.

Producer price indexes for final demand, by grouping, July 2018
Grouping Percent change, June 2018–July 2018 Percent change, July 2017–July 2018 Relative importance, Dec 2017

Final demand

0.0% 3.3% 100.000%

Final demand goods

0.1 4.5 33.022

Final demand foods

-0.5 -1.2 5.723

Final demand energy

-0.1 17.0 5.577

Final demand goods less foods and energy

0.2 2.8 21.722

Final demand services

-0.1 2.6 65.333

Final demand trade services

-0.9 2.0 20.290

Final demand transportation and warehousing services

0.3 6.4 4.485

Final demand services less trade, transportation, and warehousing

0.3 2.4 40.558

Final demand construction

0.4 3.2 1.644

Construction for private capital investment

0.5 3.5 1.108

Construction for government

0.4 2.9 0.536

Over the July 2017–July 2018 period, prices for final demand goods rose 4.5 percent, while prices for final demand services increased 2.6 percent. Prices for final demand construction climbed 3.2 percent for the 12 months ended July 2018.

Within the final demand goods grouping, prices for foods decreased 1.2 percent over the year, but energy goods increased 17.0 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. See "Producer Price Indexes — July 2018" to learn more. Also see Charts related to the latest "U.S. Producer Price Indexes" news release. 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 initial publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Final demand PPI up 3.3 percent for year ended July 2018 on the Internet at https://www.bls.gov/opub/ted/2018/final-demand-ppi-up-3-point-3-percent-for-year-ended-july-2018.htm (visited November 21, 2019).

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