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PPI Detailed Report: Data for July 2008

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PPI Detailed Report: Data for July 2008 PPI Detailed Report Data for July 2008 Editors Vol. 12, No. 7 Joseph Kowal William Snyders Antonio Lombardozzi Contents Page Producer Price Indexes, July 2008 ...……………………………………………………………….......................... 1 Resampling of Industries ……………………………………………………………………………………………. 5 Producer Price Indexes Introduced for the Nonresidential Building Construction Sector – NAICS 23811X, 23816X, 23821X, and 23822X ……………..……………………………………………………………...………… 6 Charts Finished goods ……………………………………………………………………………………………... 8 Intermediate goods ………………………………………………………………………………………… 9 Crude goods ………………………………………………………………………………........................... 10 Tables Producer Price Indexes 1. Stage of processing ……………………………………………………………………………………… 11 2. Selected commodity groupings by stage of process …………………………………….......................... 12 3. Selected stage of processing groupings, seasonally adjusted …………………………………………… 16 4. Net output of selected industries and industry groups …………………………………………………... 17 5. Net output of selected industries and their products …………………………………………………….. 19 6. Commodity groupings and individual items …………………………………………………………….. 111 7. Durability of product …………………………………………………………………………………….. 151 8. Special commodity groupings …………………………………………………………………………… 152 9. Material and supply inputs to construction industries…………………………………………………… 154 10. Industry and industry-classified product indexes recoded, effective July 2008 ………………………… 155 11. New industry and industry-classified product indexes introduced into the Producer Price Index, effective July 2008 ………………………………………………………………………………………. 156 12. Industry and industry-classified product indexes deleted from the Producer Price Index, effective July 2008 ……………………………………………………………………………………………………… 157 13. Commodity-based product indexes, recoded, effective July 2008 ……………………………………… 158 14. Commodity-based product indexes introduced into the Producer Price Index, effective July 2008 ……. 159 15. Commodity-based product indexes deleted from the Producer Price Index, effective July 2008 ………. 160 Technical note ………………………………………………………………………………………........................... 161 Producer Price Index Release Dates The following is the schedule of release dates for Producer Price Index data through the year 2008. News releases are issued at 8:30 a.m. eastern time on each release date. Reference Month Release Date January 2008 Tuesday, February 26, 2008 February 2008 Tuesday, March 18, 2008 March 2008 Tuesday, April 15, 2008 April 2008 Tuesday, May 20, 2008 May 2008 Tuesday, June 17, 2008 June 2008 Tuesday, July 15, 2008 July 2008 Tuesday, August 19, 2008 August 2008 Friday, September 12, 2008 September 2008 Wednesday, October 15, 2008 October 2008 Tuesday, November 18, 2008 November 2008 Friday, December 12, 2008 December 2008 Thursday, January 15, 2009 ii ____________________________________________________________ Producer Price Indexes -- July 2008 The Producer Price Index for Finished Goods Finished goods advanced 1.2 percent in July, seasonally adjusted. This increase followed a 1.8-percent jump in June and a 1.4-percent The finished energy goods index increased 3.1 rise in May. At the earlier stages of processing, prices percent in July compared with a 6.0-percent advance in June. received by manufacturers of intermediate goods moved up Home heating oil prices moved up 3.7 percent in July 2.7 percent in July compared with a 2.1-percent gain in the following a 12.4-percent jump in the previous month, and the prior month, and the index for crude materials for further gasoline index turned down 0.2 percent after rising 9.0 percent processing climbed 4.2 percent subsequent to a 3.7-percent in June. Prices for diesel fuel increased less than they had a increase in June. (See table A.) month earlier. Conversely, slightly counteracting the Among prices for finished goods, the index for deceleration in finished energy goods prices, the index for energy goods rose 3.1 percent in July following a 6.0-percent residential electric power climbed 2.0 percent subsequent to a jump in June. Price increases for finished consumer foods 0.8-percent gain in June. Prices for residential natural gas, also slowed, from 1.5 percent in June to 0.3 percent in July. asphalt, liquefied petroleum gas, and lubricating and similar By contrast, partially offsetting the deceleration in finished oils also rose more than in the prior month. (See table 2.) goods prices, the index for finished goods other than foods and The index for finished consumer foods edged up 0.3 energy advanced 0.7 percent after edging up 0.2 percent in percent in July after jumping 1.5 percent in June. Higher June. prices for beef and veal, fluid milk products, soft drinks, Before seasonal adjustment, the Producer Price Index bakery products, and boxed meat outweighed lower prices for for Finished Goods moved up 1.4 percent in July to 185.0 fresh vegetables (except potatoes), eggs for fresh use, fresh (1982 = 100). From July 2007 to July 2008, the finished fruits and melons, natural cheese (except cottage cheese), and goods index advanced 9.8 percent. Over the same period, frozen juices and ades. prices for finished energy goods jumped 28.0 percent, the The index for finished goods less foods and energy index for finished goods other than foods and energy increased climbed 0.7 percent in July after increasing 0.2 percent a 3.5 percent, and prices for finished consumer foods rose 8.7 month earlier. Prices for light motor trucks moved up 0.8 percent. For the 12-month period ended in July, the index for percent subsequent to a 1.8-percent drop in June. The indexes intermediate goods advanced 16.6 percent, and prices received for pharmaceutical preparations, consumer plastic products, by crude goods producers surged 51.2 percent. and communication and related equipment also turned up in 1 July. Prices for turbine and turbine generator sets rose more 7.9 percent from 14.2 percent in June. Prices for leather than they had in the previous month. Conversely, the index turned down in July. (See table 2.) for passenger cars increased 1.4 percent following a 2.2- Prices for intermediate foods and feeds advanced 4.0 percent gain in June. Pet food prices also rose less in July. percent subsequent to a 1.0-percent increase in June. The The indexes for wood household furniture and for textbooks formula feeds index climbed 8.3 percent after rising 1.1 turned down after rising in the prior month. percent in the previous month. Prices for meats and for shortening and cooking oils also increased more than they had Intermediate goods a month earlier. The index for corn, cottonseed, and soybean cake and meal turned up in July. By contrast, the flour index The Producer Price Index for Intermediate Materials, moved down 7.8 percent following a 0.8-percent decrease in Supplies, and Components advanced 2.7 percent in July June. Prices for processed eggs also declined more compared following a 2.1-percent increase in June. Prices for materials with the preceding month. The indexes for natural, processed, for nondurable manufacturing, intermediate food and feeds, and imitation cheese and for processed poultry turned down in and materials and components for construction rose more than July. they had in the previous month. By contrast, partially The index for materials and components for offsetting the acceleration in intermediate goods prices, the construction advanced 1.7 percent in July after rising 1.5 indexes for intermediate energy goods and materials for percent in the preceding month. The paving mixtures and durable manufacturing increased less than they had in June. blocks index increased 14.5 percent subsequent to a 6.3- Excluding foods and energy, prices for intermediate goods percent advance a month earlier. Prices for asphalt felts and moved up 2.0 percent in July after rising 1.3 percent a month coatings and for plastic construction products also rose more earlier. (See table B.) than they had in June. The index for nonferrous wire and The index for materials for nondurable cable turned up in July, and prices for cast iron pressure and manufacturing climbed 5.4 percent in July compared with a soil pipe and fittings advanced following no change in the 2.7-percent gain in the preceding month. Prices for basic prior month. By contrast, prices for steel mill products moved organic chemicals moved up 6.9 percent in July following a up 1.7 percent after jumping 8.1 percent in June. The index 2.6-percent advance a month earlier. The indexes for plastic for non-farm prefabricated metal building systems also resins and materials, inedible fats and oils, paper, meats, and advanced less than it had a month earlier. Prices for softwood synthetic rubber also increased more than they had in June. lumber and ready-mixed concrete turned down in July. Prices for alkalies and chlorine turned up in July. By contrast, The intermediate energy goods index moved up 4.3 the advance in the index for agricultural chemicals slowed to percent subsequent to a 5.0-percent increase a month earlier. 2 Diesel fuel prices advanced 2.6 percent following a 6.7- Net output price indexes percent jump in June. The indexes for jet fuel and home heating oil also rose less than in the preceding month. Mining, Utilities, and Manufacturing Industries. The Gasoline prices declined after climbing in June. By contrast, Producer Price Index for the Net Output of Total Mining, the index for electric power increased 1.3 percent compared Utilities, and Manufacturing Industries climbed 2.2 percent in with a 0.3-percent
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