Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1


Ratings: (0)|Views: 32|Likes:
Published by qtipx

More info:

Published by: qtipx on Sep 16, 2010
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less





Transmission of material in this release is embargoed until
8:30 a.m. (EDT), Thursday, September 16, 2010
Technical information: (202) 691-7705 ppi-info@bls.gov www.bls.gov/ppiMedia contact: (202) 691-5902 PressOffice@bls.gov
The Producer Price Index for Finished Goods increased 0.4 percent in August, seasonally adjusted, theU.S. Bureau of Labor Statistics reported today. This rise followed a 0.2-percent advance in July and a0.5-percent decline in June. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 0.3 percent in August, and the crude goods index climbed 2.3 percent. Onan unadjusted basis, prices for finished goods increased 3.1 percent for the 12 months ended August2010, their tenth straight year-over-year rise. (See table A.)
Chart 1. Monthly percent changes in the Producer Price Index for Finished Goods, seasonally adjusted:August 2009 – August 2010Chart 2. 12-month percent changes in the Producer Price Index for Finished Goods, not seasonally adjusted:August 2009 – August 2010
1.5-'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug'10
Percent change
-4.4-4.9-'09 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug'10
Percent change
Stage-of-Processing Analysis
Finished goods
The August advance in the finished goods index can be traced primarily to prices for finished energygoods, which rose 2.2 percent. The index for finished goods less foods and energy edged up 0.1 percent.By contrast, prices for finished consumer foods fell 0.3 percent in August.
Finished energy:
The index for finished energy goods climbed 2.2 percent in August after decreasingin each of the previous four months. Leading this rise, the gasoline index increased 7.5 percent. Higherprices for liquefied petroleum gas and home heating oil also were factors in the finished energy goodsadvance. (See table 2.)
Finished core:
The index for finished goods less foods and energy inched up 0.1 percent in August, itstenth straight rise. A 0.6-percent increase in prices for pharmaceutical preparations was a major factor inthe August advance. Higher prices for light motor trucks also contributed to the rise in the finished coreindex.
Finished foods:
The index for finished consumer foods fell 0.3 percent in August, its fourth decrease inthe last five months. The August decline can be traced to lower prices for fresh vegetables, excludingpotatoes, which moved down 11.2 percent.
Intermediate goods
The Producer Price Index for Intermediate Materials, Supplies, and Components increased 0.3 percent inAugust following decreases in July and June. Accounting for about eighty-five percent of this broad-based advance, prices for intermediate energy goods rose 1.3 percent. The indexes for both intermediatematerials less foods and energy and for intermediate foods and feeds also contributed to this increase,moving up 0.1 percent and 0.9 percent, respectively. On a 12-month basis, prices for intermediate goodsclimbed 5.0 percent in August, continuing their deceleration from an 8.7-percent peak in April 2010.(See table B.)
Intermediate energy:
The index for intermediate energy goods moved up 1.3 percent in Augustfollowing two consecutive monthly declines. A major factor in this advance was a 6.4-percent rise indiesel fuel prices. The indexes for gasoline and electric power also contributed significantly to higherintermediate energy goods prices. (See table 2.)
Intermediate core:
The index for intermediate goods less foods and energy edged up 0.1 percent inAugust after declining 0.4 percent in each of the prior two months. Leading this increase, prices forprimary nonferrous metals climbed 8.0 percent. Higher prices for nonferrous mill shapes also were afactor in the intermediate core advance.
Intermediate foods:
The index for intermediate foods and feeds rose 0.9 percent in August, its largestincrease since a 1.8-percent gain in December 2009. The August advance was led by formula feedprices, which moved up 3.3 percent.

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->