PPI for finished goods grow by 1.0% in January

27 Feb '08

2 min read

The Producer Price Index for Finished Goods rose 1.0 percent in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This increase followed a decline of 0.3 percent in December and a 2.6-percent advance in November.

At the earlier stages of processing, prices for intermediate goods moved up 1.4 percent after falling 0.2 percent in the prior month, and the crude goods index increased 2.5 percent following a 1.1-percent advance in December.

The upturn in finished goods prices was led by the index for energy goods, which increased 1.5 percent in January after falling 3.0 percent in December. Prices for finished goods excluding foods and energy advanced 0.4 percent following a 0.2-percent rise in the preceding month. The index for finished consumer foods increased 1.7 percent after climbing 1.4 percent a month earlier.

Before seasonal adjustment, the Producer Price Index for Finished Goods increased 0.8 percent in January to 171.9 (1982 = 100). From January 2007 to January 2008, the index for finished goods moved up 7.4 percent.

Over the same period, prices for finished energy goods climbed 22.6 percent, the index for finished consumer foods rose 8.3 percent, and prices for finished goods other than foods and energy advanced 2.3 percent. For the 12 months ended January 2008, the index for intermediate goods increased 8.8 percent, and prices for crude goods jumped 31.3 percent.

Conversely, margins received by merchant wholesalers of nondurable goods advanced 4.7 percent subsequent to a 5.6-percent decline in December. The margin index for automobile dealers also turned up after falling in the prior month. The margin index for grocery stores rose in January following no change a month earlier.

Margins received by clothing stores and department stores fell less than they had in December. In January, the index for total trade industries was 104.6 (December 2006 = 100), 2.3 percent above its year-ago level.

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United States Department of Labor

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