Producer Price Indexes -- February 2007
Producer Price Indexes -- February 2007
The Producer Price Index for Finished Goods advanced 1.3 percent in
February, seasonally adjusted, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. This increase followed a 0.6-percent
decline in January and a 0.9-percent rise in December. At the earlier
stages of processing, the intermediate goods index turned up 1.1 percent
after falling 0.7 percent in the previous month, and prices for crude goods
climbed 8.9 percent following a 6.3-percent decrease in January. (See
table A.)
Table A. Monthly and annual percent changes in selected stage-of-processing price
indexes, seasonally adjusted
______________________________________________________________________________________
| | | | |
| | Finished goods | | |
| | | | |
| |---------------------------------------------------------| | |
| | | | | | Change in | | |
| | | | | Except |finished goods| Inter- | |
| | | | |foods and|from 12 months| mediate | Crude |
| Month | Total | Foods | Energy | energy | ago(unadj.) | goods | goods |
|--------------------------------------------------------------------------------------|
2006
Feb. -1.1 -2.0 -3.9 0.3 3.9 -0.3 -8.4
Mar. .4 .4 1.3 .2 3.6 .3 -2.4
Apr. .7 .5 2.6 .1 4.1 .7 2.5
May .2 -.8 1.1 .2 4.5 1.2 1.7
June .5 1.2 1.1 .1 4.9 .5 -2.6
July -.1 .1 .7 -.5 4.0 .2 2.8
Aug. .4 1.2 -.5 .4 3.8 .4 2.6
Sept. -1.1 .4 -5.9 .3 .9 -1.3 -3.8
Oct. r -1.5 r -.4 r -5.8 r -.4 r -1.2 r -1.2 r -9.2
Nov. r 1.5 r -.1 r 5.6 r .8 .9 r .9 r 14.2
Dec. .9 1.5 2.2 .2 1.1 .5 2.8
2007
Jan. -.6 1.1 -4.6 .2 .2 -.7 -6.3
Feb. 1.3 1.9 3.5 .4 2.5 1.1 8.9
r=revised. Some of the figures shown above and elsewhere in this release may differ
from those previously reported because data for October 2006 have been revised to
reflect the availability of late reports and corrections by respondents.
-2-
Among finished goods in February, the index for energy goods moved up
3.5 percent compared with a 4.6-percent drop a month earlier. The rate of
increase for consumer foods prices accelerated to 1.9 percent in February
from 1.1 percent in January. Excluding prices for foods and energy, the
finished goods index moved up 0.4 percent in February after a 0.2-percent
advance in the previous month.
Before seasonal adjustment, the Producer Price Index for Finished
Goods increased 1.1 percent in February to 162.0 (1982 = 100). From
February 2006 to February 2007, prices for finished goods rose 2.5 percent.
Over the same period, the finished consumer foods index jumped 6.8 percent,
prices for finished goods other than foods and energy increased 1.8
percent, and the index for finished energy goods was unchanged. For the 12
months ended February 2007, prices for intermediate goods moved up 2.5
percent, and the crude goods index rose 9.3 percent.
Finished goods
The finished energy goods index climbed 3.5 percent in February after
falling 4.6 percent in the preceding month. Gasoline prices rose 5.3
percent following a 13.0-percent drop in January. The indexes for
residential natural gas, liquefied petroleum gas, home heating oil, diesel
fuel, and kerosene also turned up in February. Prices for residential
electric power increased more than they had a month earlier. By contrast,
the index for lubricating grease fell 2.9 percent compared with a 2.7-
percent increase in January. (See table 2.)
Table B. Monthly and annual percent changes in selected price indexes for
intermediate goods and crude goods, seasonally adjusted
__________________________________________________________________________________
| | | |
| | Intermediate goods | Crude goods |
| | | |
| |---------------------------------------------------------------------------|
| | | | |Change in | | | | Change |
| | | | | interme- | | | |in crude |
| | | | | diate | | | | goods |
| | | | |goods from| | | | from 12 |
| | | | Except |12 months | | | Except | months |
| | | |foods and| ago | | |foods and| ago |
|Month | Foods | Energy | energy | (unadj.) | Foods | Energy | energy |(unadj.) |
|----------------------------------------------------------------------------------|
2006
Feb. -1.1 -2.2 0.3 8.0 -2.7 -14.9 2.6 12.6
Mar. .1 -.2 .4 7.2 -2.1 -4.3 1.9 4.7
Apr. -.4 1.4 .6 7.7 -.7 3.4 5.1 4.6
May -.3 1.7 1.1 9.2 -2.5 .9 9.2 9.6
June .6 .4 .6 9.5 4.0 -7.0 -1.0 8.7
July .8 -1.1 .5 8.7 2.2 3.7 1.5 6.2
Aug. -.4 .4 .4 8.8 .3 6.9 -3.4 5.1
Sept. .6 -6.0 0 4.7 1.8 -9.2 1.4 -8.2
Oct. .4 r -5.9 r -.1 r .2 2.7 r -20.1 -2.7 r -21.1
Nov. 3.1 r 4.5 r -.2 2.4 2.5 r 32.0 .4 -8.5
Dec. 1.5 2.5 0 2.8 0 5.6 .5 -2.4
2007
Jan. 1.9 -3.8 0 .9 2.1 -16.2 1.6 -8.0
Feb. 2.6 4.5 .2 2.5 7.4 13.7 2.7 9.3
r=revised. Some of the figures shown above and elsewhere in this release may
differ from those previously reported because data for October 2006 have been
revised to reflect the availability of late reports and corrections by respondents.
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Mode linéaire
