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Final demand producer prices up 8.3 percent for the year ended August 2021
September 16, 2021
The Producer Price Index for final demand increased 8.3 percent from August 2020 to August 2021, the largest over-the-year advance since 12-month changes were first calculated in November 2010. Prices for goods rose 12.6 percent over the year ended August 2021, while prices for services rose 6.4 percent.
PPI for final demand components, 12-month percent change, not seasonally adjusted, August 2021
Commodity
12-month percent change
Goods
12.6%
Foods
12.7
Fresh fruits and melons
-1.4
Fresh and dry vegetables
-4.9
Meats
38.4
Processed poultry
23.0
Dairy products
-0.4
Soft drinks
3.4
Energy
32.3
Residential electric power
3.9
Residential natural gas
23.0
Gasoline
75.1
Jet fuel
65.1
Home heating oil and distillates
69.3
No. 2 diesel fuel
67.2
Goods less foods and energy
7.9
Industrial chemicals
47.6
Pharmaceutical preparations
1.1
Passenger cars
3.4
Trucks, 14,000 lbs. and under
4.5
Aircraft and aircraft equipment
1.1
Cigarettes, including nontobacco
7.6
Services
6.4
Trade services
8.3
Machinery and equipment and parts and supplies wholesaling
9.8
Food and alcohol retailing
-0.2
Health and beauty retailing, including optical goods
11.0
Apparel, jewelry, footwear, and accessories retailing
15.4
Automobiles and automobile parts retailing
49.2
Fuels and lubricants retailing
-1.9
Transportation and warehousing services
15.8
Rail transportation of freight and mail
6.6
Truck transportation of freight
14.1
Water transportation of freight
5.9
Air transportation of freight
2.1
Courier, messenger, and U.S. postal service
4.8
Airline passenger services
27.6
Less trade, transportation, and warehousing
4.6
Loan services (partial)
11.3
Securities brokerage, dealing, investment advice, and related services
15.0
Portfolio management
17.7
Outpatient care (partial)
2.7
Inpatient care
2.4
Traveler accommodation services
20.8
Note: All data are subject to revision 4 months after originally published.
For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 6.3 percent, the largest advance since 12-month data were first calculated in August 2014.
United States Department of Labor
