Producer Price Index for final demand increased 2.0 percent for the year ended January 2019

February 20, 2019

The Producer Price Index for final demand increased 2.0 percent from January 2018 to January 2019. Over that period, prices for final demand less foods, energy, and trade services increased 2.5 percent, the smallest 12-month increase since a 2.5-percent increase from January 2017 to January 2018.

Producer Price Indexes for final demand, percent change, January 2018–January 2019
Grouping 12-month percent change

Final demand goods

2.0%

Final demand foods

1.4

Finished consumer foods

1.5

Government purchased foods

1.1

Foods for export

0.4

Final demand energy

-7.5

Finished consumer energy goods

-7.6

Government purchased energy

-6.3

Energy for export

-10.4

Final demand goods less foods and energy

2.4

Finished goods less foods and energy

2.8

Government purchased goods, excluding foods and energy

2.3

Goods for export, excluding foods and energy

1.6

Final demand services

2.8

Final demand trade services

3.2

Trade of finished goods

3.0

Trade of government purchased goods

3.5

Trade of exports

4.8

Final demand transportation and warehousing services

7.0

Transportation of passengers for final demand

10.4

Transportation and warehousing of goods for final demand

5.7

Final demand services less trade, transportation, and warehousing

2.0

Finished services less trade, transportation, and warehousing

2.0

Government purchased services less trade, transportation, and warehousing

1.5

Services for export less trade, transportation, and warehousing

2.4

Final demand construction

4.9

Construction for private capital investment

5.1

Construction for government

4.5

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 (−7.6 percent), government purchased energy (−6.3 percent), and energy for export (−10.4 percent) all decreased from January 2018 to January 2019.

For the year ended January 2019, 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 3.2 percent. Prices for transportation and warehousing services increased 7.0 percent.

These data are from the Producer Price Indexes program. To learn more, see "Producer Price Indexes — January 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 2.0 percent for the year ended January 2019 on the Internet at https://www.bls.gov/opub/ted/2019/producer-price-index-for-final-demand-increased-2-point-0-percent-for-the-year-ended-january-2019.htm (visited September 15, 2019).

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