Producer Price Index for final demand increased 1.7 percent for the year ended July 2019

August 13, 2019

The Producer Price Index for final demand increased 1.7 percent from July 2018 to July 2019. Prices for final demand less foods and energy increased 1.2 percent.

Percent changes for selected commodity groupings, July 2018 to July 2019
Grouping Percent change

Fresh and dry vegetables

43.3%

Grains

21.2

Arrangement of cruises and tours

19.6

Furnishings wholesaling

11.3

Major household appliances retailing

11.2

Automotive parts, including tires, retailing

10.5

Mining machinery and equipment

9.4

Book retailing

9.4

Fuels and lubricants retailing

8.9

Cigarettes

7.8

Other credit intermediation, incl. trust services

7.0

Truck trailers

6.5

Machinery and equipment parts and supplies wholesaling

6.0

Deposit services

5.9

Sales and subscriptions of periodicals and newspapers

5.8

Final demand, total

1.7

Pork

-2.4

Automobiles retailing

-2.5

Management, scientific, and technical consulting services

-2.5

Shortening and cooking oils

-3.1

Hardware, building materials, and supplies retailing

-5.0

Electronic computers and computer equipment

-5.1

Industrial chemicals

-6.5

Gasoline

-6.7

Arrangement of vehicle rentals and lodging

-7.9

No. 2 diesel fuel

-14.0

Fresh fruits and melons

-15.8

TV, video, and photographic equipment and supplies retailing

-20.2

Iron and steel scrap

-28.8

Eggs for fresh use

-53.5

Liquefied petroleum gas

-58.2

Within final demand foods, producer prices for fresh and dry vegetables increased 43.3 percent and prices for eggs for fresh use decreased 53.5 percent. Within trade services, producer prices for furnishings wholesaling and major household appliances retailing increased 11.3 percent and 11.2 percent, respectively.                           

Commodity groupings for which producer prices decreased at least 10 percent from July 2018 to July 2019 included liquefied petroleum gas (−58.2 percent), iron and steel scrap (−28.8 percent), TV, video, and photographic equipment and supplies retailing (−20.2 percent), fresh fruits and melons (15.8 percent), and No. 2 diesel fuel (14.0 percent).

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — July 2019." 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 1.7 percent for the year ended July 2019 on the Internet at https://www.bls.gov/opub/ted/2019/producer-price-index-for-final-demand-increased-1-point-7-percent-for-the-year-ended-july-2019.htm (visited August 20, 2019).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics