Producer Price Index for final demand increased 2.8 percent for the year ended February 2018

March 19, 2018

The Producer Price Index for final demand increased 2.8 percent from February 2017 to February 2018, the same as for the year ended January 2018. Prices for final demand less foods, energy, and trade services increased 2.7 percent, the largest increase since over the year data were available in August 2014.

Producer Price Indexes for final demand, percent change, February 2017–February 2018
Grouping 12-month percent change

Final demand goods

3.0%

Final demand foods

0.6

Finished consumer foods

0.5

Government purchased foods

0.4

Foods for export

1.0

Final demand energy

9.1

Finished consumer energy goods

7.2

Government purchased energy

15.9

Energy for export

23.4

Final demand goods less foods and energy

2.1

Finished goods less foods and energy

1.9

Government purchased goods, excluding foods and energy

1.5

Goods for export, excluding foods and energy

2.7

Final demand services

2.8

Final demand trade services

2.6

Trade of finished goods

2.6

Trade of government purchased goods

3.2

Trade of exports

2.3

Final demand transportation and warehousing services

3.2

Transportation of passengers for final demand

-1.8

Transportation and warehousing of goods for final demand

4.8

Final demand services less trade, transportation, and warehousing

2.8

Finished services less trade, transportation, and warehousing

2.9

Government purchased services less trade, transportation, and warehousing

2.1

Services for export less trade, transportation, and warehousing

3.6

Final demand construction

3.5

Construction for private capital investment

3.4

Construction for government

3.6

Note: These data are not seasonally adjusted. Producer price indexes are subject to revision 4 months after original publication.

Within final demand energy, the producer price indexes for finished consumer energy goods (7.2 percent), government purchased energy (15.9 percent), and energy for export (23.4 percent) all increased from February 2017 to February 2018.

For the year ended February 2018, the index for final demand services increased 2.8 percent. The index for trade services, which measures changes in the margins wholesalers and retailers receive, increased 2.6 percent. Prices for transportation and warehousing services increased 3.2 percent.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — February 2018" (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. 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 increased 2.8 percent for the year ended February 2018 on the Internet at https://www.bls.gov/opub/ted/2018/producer-price-index-for-final-demand-increased-2-point-8-percent-for-the-year-ended-february-2018.htm (visited September 16, 2019).

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