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Producer prices for final demand up 9.7 percent for the year ended December 2021

January 19, 2022

The Producer Price Index for final demand increased 9.7 percent from December 2020 to December 2021, following a 0.8-percent increase for the year ended in December 2020. Prices for final demand goods rose 13.4 percent for the year ended in December 2021, up from no change for the year ended December 2020.

 Producer Price Indexes for final demand, 12-month percent changes for the year ended in December, 2017 to 2021
Month Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021

Total

2.5% 2.6% 1.4% 0.8% 9.7%

Total less foods, energy, and trade services

2.3 2.8 1.5 1.3 6.9

Goods

3.5 1.6 1.0 0.0 13.4

Foods

2.0 2.8 1.2 -0.2 12.9

Energy

10.1 -3.1 2.4 -6.8 31.4

Goods less foods and energy

2.2 2.6 0.6 1.7 9.4

Services

2.1 3.0 1.4 1.3 7.9

Trade

1.8 3.1 0.8 1.9 13.3

Transportation and warehousing

2.3 6.5 2.2 -5.9 16.6

Services less trade, transportation, and warehousing

2.3 2.6 1.8 1.7 4.5

From December 2020 to December 2021, prices for final demand services increased 7.9 percent, as final demand trade service prices rose 13.3 percent and final demand transportation and warehousing services prices rose 16.6 percent.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — December 2021." Also see charts related to the latest "U.S. Producer Price Indexes" news release. Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision in each month after initial publication before becoming final 4 months after initial publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices for final demand up 9.7 percent for the year ended December 2021 at https://www.bls.gov/opub/ted/2022/producer-prices-for-final-demand-up-9-7-percent-for-the-year-ended-december-2021.htm (visited December 02, 2022).

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