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The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.
PPI for final demand components, 1-month percent change, December 2022
Commodity
1-month percent change
Goods
-1.6%
Foods
-1.2%
Fresh fruits and melons(1)
-7.8%
Fresh and dry vegetables(1)
-9.4%
Meats
1.4%
Processed poultry
-9.9%
Dairy products
-0.3%
Soft drinks(1)
-1.3%
Energy
-7.9%
Residential electric power
0.8%
Residential natural gas
2.2%
Gasoline
-13.4%
Jet fuel(1)
-17.7%
Home heating oil and distillates
-6.4%
No. 2 diesel fuel
-27.0%
Goods less foods and energy
0.2%
Industrial chemicals
-3.2%
Pharmaceutical preparations
0.2%
Passenger cars
0.0%
Trucks, 14,000 lbs. and under
0.7%
Aircraft and aircraft equipment
0.3%
Cigarettes, including nontobacco(1)
0.0%
Services
0.1%
Trade services
0.3%
Machinery and equipment and parts and supplies wholesaling(1)
0.0%
Food and alcohol retailing
0.5%
Health and beauty retailing, including optical goods(1)
0.3%
Apparel, jewelry, footwear, and accessories retailing
-1.8%
Automobiles and automobile parts retailing(1)
-3.1%
Fuels and lubricants retailing(1)
17.8%
Transportation and warehousing services
-0.2%
Rail transportation of freight and mail(1)
-0.1%
Truck transportation of freight(1)
-1.7%
Water transportation of freight(1)
0.5%
Air transportation of freight(1)
-0.1%
Courier, messenger, and U.S. postal service
-0.4%
Airline passenger services
3.1%
Less trade, transportation, and warehousing
0.0%
Loan services (partial)
-1.6%
Securities brokerage, dealing, investment advice, and related services(1)
0.4%
Portfolio management(1)
-1.0%
Outpatient care (partial)
0.1%
Inpatient care
0.3%
Traveler accommodation services
-3.4%
Footnotes
(1) Not seasonally adjusted.
Note: All data are subject to revision 4 months after originally published.
Processed goods
-2.8%(p) in Dec 2022
Stage 4 intermediate demand
-0.3%(p) in Dec 2022
Stage 3 intermediate demand
-2.1%(p) in Dec 2022
Motor vehicles
+0.4%(p) in Dec 2022
Pharmaceutical preparations
+0.2%(p) in Dec 2022
Gasoline
-13.4%(p) in Dec 2022
Industrial chemicals
-3.4%(p) in Dec 2022
Steel mill products
-2.7%(p) in Dec 2022
Diesel fuel
-27.0%(p) in Dec 2022
Prepared animal feeds
-0.4%(p) in Dec 2022
Outpatient healthcare
+0.1%(p) in Dec 2022
Inpatient healthcare services
+0.3%(p) in Dec 2022
Food and alcohol retailing
+0.5%(p) in Dec 2022
Apparel and jewelry retailing
-1.8%(p) in Dec 2022
Airline passenger services
+3.1%(p) in Dec 2022
Securities brokerage, dealing, investment, and related services
+0.4%(p) in Dec 2022
Business loans (partial)
-1.4%(p) in Dec 2022
Legal services
+0.2%(p) in Dec 2022
01/18/2023
The Producer Price Index for final demand declined 0.5 percent in December. Prices for final
demand goods decreased 1.6 percent, and the index for final demand services rose 0.1 percent.
The index for final demand increased 6.2 percent in 2022.
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