Producer Prices and Price Indexes April 1984
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Producer Prices and Price Indexes Data for April 1984 U. S. Department of Labor Bureau of Labor Statistics i^^ig^v s<& Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis U.S. DEPARTMENT OF LABOR Raymond J. Donovan, Secretary BUREAU OF LABOR STATISTICS Janet L. Norwood, Commissioner OFFICE OF PRICES AND LIVING CONDITIONS Kenneth V. Dalton, Associate Commissioner Producer Prices and Price Indexes is a monthly report on producer price movements including text, tables, and technical notes. An annual supplement contains monthly data for the calendar year, annual averages, and informa- tion on weights. A subscription may be ordered from the Superintendent of Documents, U.S. Government Print- ing Office, Washington, D.C. 20402. Subscription price: $34 a year domestic (includes supplement) $8.50 additional foreign Single copy $5.00 Supplement $6.00 The Secretary of Labor has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. Use of funds for printing this periodical has been approved by the Director of the Office of Manage- ment and Budget through July 31, 1987. Second-class postage paid at Laurel, Md. Material in this publica- tion is in the public domain and may be reproduced without permission of the Federal Government. Please credit the Bureau of Labor Statistics. ISSN 0101-7311 May 1984 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Producer Prices and Price Indexes Data for April 1984 Contents Page Page Price movements, April 1984 1 7. Producer prices and price indexes for refined petroleum products by region ... 136 Tables: 1. Producer price indexes and percent 8. Producer price indexes for special changes by stage of processing 4 commodity groupings 138 2. Producer price indexes and percent 9. Producer price indexes for the output changes for selected commodity of selected sic industries 139 groupings by stage of processing 5 10. Producer price indexes for the output of 3. Producer price indexes for selected selected census product classes 140 stage-of-processing groupings, seasonally adjusted 9 11. Producer price indexes and percent changes for total railroad freight and selected 4. Producer price indexes for the net STCC groups 143 output of selected industries and their products 10 12. Producer price indexes and percent changes for selected telephone services .. 143 5. Producer price indexes by durability of product 88 13. Producer price indexes and percent 6. Producer prices and price indexes for changes for postal services 144 commodity groupings and individual items 89 Technical notes 145 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Price Movements April 1984 The Producer Price Index for Finished Goods showed and capital equipment prices advanced 2.8 percent. no change from March to April on a seasonally adjusted Prices received by producers of intermediate goods basis. The index had risen an average of 0.5 percent in were up 3.7 percent in the 12 months ended in April each of the first 3 months of the year. The index for in- 1984, and crude material prices increased 4.4 percent termediate goods inched up 0.1 percent in April, follow- during the same period. ing a 0.5 percent rise in March and almost no change in either January or February. Prices received by pro- Finished goods ducers of crude materials edged down 0.1 percent, after climbing 2.0 percent in March and falling 1.5 percent in Finished consumer goods. The Producer Price Index February. (See table A.) for finished consumer goods moved down 0.1 percent Among finished goods, consumer food prices dropped in April on a seasonally adjusted basis, after rising 0.6 0.6 percent, following 4 months of substantial advances. percent in March. The index for finished consumer The index for finished energy goods, however, moved foods turned down 0.6 percent, following increases in up after declining in most recent months. Prices for fin- each of the previous 4 months. Prices for fresh and ished consumer goods other than foods and energy de- dried vegetables fell 26.1 percent, after rising rapidly clined slightly following a sharp increase in March, and in each of the first 3 months of the year. Prices also capital equipment prices continued to rise moderately. turned down after rising in March for beef and veal, Before seasonal adjustment, the Producer Price In- fish, and bakery products. Prices fell more than a month dex for Finished Goods dipped 0.1 percent to earlier for fresh fruits and milled rice. Prices increased 291.4(1967=100). From April 1983 to April 1984, the much more slowly than in March for processed poul- Finished Goods Price Index increased 2.9 percent. try, shortening and cooking oils, and soft drinks. On Prices for finished consumer foods were 4.6 percent the other hand, prices for pork and eggs turned up after higher than a year ago, the finished energy goods in- falling in March, and prices rose faster than a month dex was up 0.7 percent, the index for finished consumer earlier for processed fruits and vegetables and confec- goods other than foods and energy rose 2.7 percent, tionery end products. Table A. Percent changes from preceding month in selected stage-of-processing price indexes, seasonally adjusted1 Finished goods Intermediate goods Crude goods Month Foodstuffs Consumer Foods and Total Other Total Other Total and Other foods feeds2 feedstuffs 1983: April 0 0.8 -0.3 -0.4 2.0 -0.5 0.9 1.8 0 May .3 -.4 .5 .4 -.6 .4 -.5 -1.7 .9 June .4 -.6 .7 .7 -.3 .8 -.2 -1.5 1.4 July 0 -.5 .2 .3 -.2 .3 -1.0 -2.1 .2 August .4 .3 .3 .4 3.0 .3 2.2 4.1 .3 September .1 .7 -.1 .6 4.8 .4 1.2 1.7 .5 October .... .2 1.0 -.1 .3 -1.1 .3 .1 .8 -.6 November. -.1 -.3 .1 .1 .2 .1 .4 .5 .2 December. .2 .7 0 .2 -.4 .2 1.0 1.5 .3 1984: January .6 2.6 0 .1 1.3 0 .8 2.3 -.9 February ... .4 .7 .3 0 -1.9 .2 -1.5 -3.1 .3 March .5 .8 .4 .5 1.3 .5 2.0 4.2 -.5 April 0 -.6 .2 .1 .3 .1 -.1 -1.2 1.3 1 Data for December 1983 have been revised to reflect the may differ from those previously reported. availability of late reports and corrections by respondents. For this 2 Intermediate materials for food manufacturing and feeds. reason, some of the figures shown above and elsewhere in this report Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Table B. Percent changes in finished goods price indexes, selected periods1 Changes from preceding month, seasonally adjusted Changes in finished goods Month Finished Finished consumer goods excluding foods from 12 Finished Capital consumer months ago goods equipment goods Total Durables Nondurables (unadjusted) 1983: April 0 0 -0.4 0 -0.7 2.1 May .3 .3 .6 .2 .9 2.3 June .4 .4 .9 .3 1.2 1.8 July 0 0 .1 .1 .2 1.4 August .4 .3 .3 .3 .4 1.3 September .1 .2 0 -.1 0 1.4 October .... .2 .2 -.2 -.6 .1 1.2 November. -.1 -.1 0 .3 -.2 .7 December. .2 .1 -.2 .1 -.3 .6 1984: January .6 .2 .7 0 1.9 February ... .4 .5 .3 .6 2.3 March .5 .3 .6 .8 2.9 April 0 .3 -.1 0 2.9 1 Data for December 1983 have been revised to reflect the reason, some of the figures shown above and elsewhere in this report availability of late reports and corrections by respondents. For this may differ from those previously reported. The index for finished energy goods (which is almost cals and a broad range of textile materials. These de- entirely based on products whose prices are lagged 1 clines were partly offset by increases for woodpulp, month) turned up 0.7 percent, following a 1.2 percent paint materials, nitrogenates, inedible fats and oils, and decline in March. The indexes for both gasoline and leather. The durable manufacturing materials index reg- natural gas rose after falling in most recent months. On istered a 0.1 percent rise, after advancing 1.3 percent the other hand, the home heating oil index fell 9.2 per- the month before. After substantial increases in March, cent, about as much as the increase over the previous prices turned down for gold, silver, and Portland ce- 2 months. ment. In contrast, prices for copper, lead, and hard- The index for finished consumer goods other than wood lumber moved up. foods and energy edged down 0.1 percent, following a The index for construction materials and components 0.9 percent jump in March. Prices for several commodi- was unchanged in April, following a 0.6 percent in- ties turned down after rising in March, including ap- crease in March. Prices turned down for softwood lum- parel, gold jewelry, costume jewelry, and footwear. ber, plywood, and plastic construction products. Off- Price increases slowed for cosmetics, prescription drugs, setting advances were recorded, however, for nonfer- newspapers, and electric lamps and bulbs. On the other rous wire and cable, gypsum products, wiring devices, hand, prices turned up after falling in March for mobile and building paper and board. Among other categories homes and for tableware and kitchenware. Price in- of intermediate goods, prices moved up for paper boxes creases accelerated for over-the-counter drugs, house- and containers, foundry and forge shop products, and hold glassware, and books.