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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, March 2024
Commodity
1-month percent change
Goods
-0.1%
Foods
0.8%
Fresh fruits and melons(1)
-7.9%
Fresh and dry vegetables(1)
15.3%
Meats
0.8%
Processed poultry
10.7%
Dairy products(1)
0.9%
Soft drinks(1)
0.2%
Energy
-1.6%
Residential electric power
0.5%
Residential natural gas
-1.4%
Gasoline
-3.6%
Jet fuel(1)
-6.0%
Home heating oil and distillates
-6.6%
No. 2 diesel fuel
0.9%
Goods less foods and energy
0.1%
Industrial chemicals
0.0%
Pharmaceutical preparations
0.0%
Passenger cars
0.3%
Trucks, 14,000 lbs. and under
0.5%
Aircraft and aircraft equipment
0.1%
Cigarettes, including nontobacco(1)
0.0%
Services
0.3%
Trade services
0.3%
Machinery and equipment and parts and supplies wholesaling(1)
0.5%
Food and alcohol retailing
0.5%
Health and beauty retailing, including optical goods(1)
0.3%
Apparel, jewelry, footwear, and accessories retailing
0.2%
Automobiles and automobile parts retailing(1)
-1.1%
Fuels and lubricants retailing(1)
2.9%
Transportation and warehousing services
0.8%
Rail transportation of freight and mail(1)
0.0%
Truck transportation of freight(1)
0.4%
Water transportation of freight(1)
1.1%
Air transportation of freight(1)
-0.1%
Courier, messenger, and U.S. postal service
0.0%
Airline passenger services
2.2%
Less trade, transportation, and warehousing
0.2%
Loan services (partial)
0.3%
Securities brokerage, dealing, investment advice, and related services(1)
3.1%
Portfolio management(1)
0.5%
Outpatient care (partial)
0.0%
Inpatient care
0.1%
Traveler accommodation services
-3.8%
Footnotes
(1) Not seasonally adjusted.
Note: All data are subject to revision 4 months after originally published.
Processed goods -0.5%(p) in Mar 2024
Stage 4 intermediate demand +0.2%(p) in Mar 2024
Stage 3 intermediate demand unchanged in Mar 2024
Motor vehicles +0.4%(p) in Mar 2024
Pharmaceutical preparations unchanged in Mar 2024
Industrial chemicals +0.5%(p) in Mar 2024
Steel mill products -7.8%(p) in Mar 2024
Diesel fuel +0.9%(p) in Mar 2024
Prepared animal feeds -0.9%(p) in Mar 2024
Outpatient healthcare unchanged in Mar 2024
Inpatient healthcare services +0.1%(p) in Mar 2024
Food and alcohol retailing +0.5%(p) in Mar 2024
Apparel and jewelry retailing +0.2%(p) in Mar 2024
Airline passenger services +2.2%(p) in Mar 2024
Securities brokerage, dealing, investment, and related services +3.1%(p) in Mar 2024
Business loans (partial) -1.7%(p) in Mar 2024
Legal services +0.1%(p) in Mar 2024
04/11/2024
The Producer Price Index for final demand rose 0.2 percent in March. Prices for final demand
services advanced 0.3 percent, and the index for final demand goods edged down 0.1 percent.
Prices for final demand increased 2.1 percent for the 12 months ended in March.
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