Economic News Release

Producer Price Index News Release text

Transmission of material in this release is embargoed until                          USDL-15-0890
8:30 a.m. (EDT), Thursday, May 14, 2015

Technical information:      (202) 691-7705  *  ppi-info@bls.gov  *  www.bls.gov/ppi
Media contact:              (202) 691-5902  *  PressOffice@bls.gov                                    


                            PRODUCER PRICE INDEXES - APRIL 2015


The Producer Price Index for final demand fell 0.4 percent in April, seasonally adjusted, the U.S. 
Bureau of Labor Statistics reported today. Final demand prices moved up 0.2 percent in March 
and decreased 0.5 percent in February. On an unadjusted basis, the index for final demand 
declined 1.3 percent for the 12 months ended in April. (See table A.)

In April, more than 70 percent of the decrease in final demand prices can be attributed to a 0.7-
percent decline in the index for final demand goods. Prices for final demand services edged 
down 0.1 percent.

Within intermediate demand, prices for processed goods fell 1.1 percent, the index for 
unprocessed goods moved up 0.9 percent, and prices for services advanced 0.5 percent. (See 
tables B and C.)

Final Demand

Final demand goods:  The index for final demand goods moved down 0.7 percent in April following 
a 0.3-percent rise in March. Leading the broad-based decline, prices for final demand energy fell 2.9 
percent. The indexes for final demand foods and for final demand goods less foods and energy 
decreased 0.9 percent and 0.1 percent, respectively.

Product detail:  Over 30 percent of the April decline in prices for final demand goods can be 
attributed to the index for gasoline, which decreased 4.7 percent. Prices for diesel fuel, jet fuel, utility 
natural gas, pork, and industrial chemicals also moved lower. In contrast, the index for 
pharmaceutical preparations advanced 0.5 percent. Prices for fresh and dry vegetables and for raw 
cotton also moved up. (See table 4.)

Final demand services:  The index for final demand services edged down 0.1 percent in April after 
inching up 0.1 percent in March. Leading the decrease, margins for final demand trade services fell 
0.8 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) The 
index for final demand transportation and warehousing services declined 0.1 percent. Conversely, 
prices for final demand services less trade, transportation, and warehousing rose 0.2 percent.  

Product detail:  Over 40 percent of the April decrease in the index for final demand services can be 
traced to margins for machinery and equipment wholesaling, which declined 1.0 percent. The 
indexes for automotive fuels and lubricants retailing; health, beauty, and optical goods retailing; 
portfolio management; and food and alcohol retailing also moved lower. In contrast, prices for 
securities brokerage, dealing, investment advice, and related services climbed 4.0 percent. The 
indexes for food wholesaling, inpatient care, and passenger car rental also advanced. 

Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted
Month Total
final
demand
Final demand goods Final demand services Change
in final
demand
from 12
months
ago
(unadj.)
Total Foods Energy Less
foods
and
energy
Total Trade Transportation
and
warehousing
Other

2014

Apr.

0.1 0.3 1.8 -0.5 0.2 -0.1 -0.5 0.5 0.1 1.8

May

0.3 0.1 -0.1 0.4 0.1 0.4 1.1 0.3 -0.1 2.1

June

0.1 0.3 0.1 0.7 0.1 -0.1 -0.5 0.4 0.3 1.8

July

0.3 -0.1 -0.2 -0.8 0.2 0.6 1.6 0.2 0.1 1.9

Aug.

-0.1 -0.3 -0.2 -1.0 0.0 -0.1 -0.6 0.2 0.3 1.9

Sept.

-0.2 -0.1 -0.1 -0.9 0.2 -0.3 -0.8 -0.2 0.0 1.6

Oct.

0.3 -0.4 0.6 -2.6 -0.1 0.6 2.0 -0.4 0.0 1.5

Nov.

-0.3 -0.8 0.1 -3.7 -0.1 0.0 -0.4 0.3 0.1 1.3

Dec.(1)

-0.3 -1.2 -0.1 -6.6 0.0 0.3 0.5 0.0 0.2 0.9

2015

Jan.(1)

-0.7 -2.0 -1.0 -10.0 0.0 -0.1 0.7 -1.0 -0.4 0.0

Feb.

-0.5 -0.4 -1.6 0.0 -0.1 -0.5 -1.5 -1.5 0.3 -0.6

Mar.

0.2 0.3 -0.8 1.5 0.2 0.1 -0.2 -0.2 0.3 -0.8

Apr.

-0.4 -0.7 -0.9 -2.9 -0.1 -0.1 -0.8 -0.1 0.2 -1.3

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2014 have been revised to reflect the availability of late reports and corrections by respondents.

Special grouping, Final demand less foods, energy, and trade:  The index for final demand less 
foods, energy, and trade services edged up 0.1 percent in April after rising 0.2 percent in March. For 
the 12 months ended in April, prices for final demand less foods, energy, and trade services climbed 
0.7 percent.

Intermediate Demand by Commodity Type

Processed goods for intermediate demand:  The index for processed goods for intermediate 
demand fell 1.1 percent in April, the ninth consecutive decline. Accounting for over half of the 
broad-based April decrease, prices for processed energy goods dropped 3.4 percent. The index for 
processed materials less foods and energy moved down 0.5 percent, and prices for processed foods 
and feeds fell 1.7 percent. For the 12 months ended in April, the index for processed goods for 
intermediate demand dropped 7.8 percent, the largest 12-month decrease since a 12.0-percent decline 
in September 2009. (See table B.)

Product detail:  In April, a 12.0-percent decrease in prices for diesel fuel accounted for nearly a 
quarter of the decline in the index for processed goods for intermediate demand. The indexes for 
industrial chemicals, gasoline, steel mill products, jet fuel, and prepared animal feeds also moved 
lower. Conversely, prices for ready-mix concrete advanced 2.2 percent. The indexes for lubricating 
oil base stocks and prepared poultry also increased. (See table 5.)

Unprocessed goods for intermediate demand:  The index for unprocessed goods for intermediate 
demand moved up 0.9 percent in April, following six straight decreases. Over 70 percent of the 
advance can be attributed to prices for unprocessed energy materials, which rose 1.7 percent. The 
index for unprocessed foodstuffs and feedstuffs moved up 0.5 percent, and prices for unprocessed 
nonfood materials less energy were unchanged. For the 12 months ended in April, the index for 
unprocessed goods for intermediate demand decreased 26.6 percent, the largest 12-month decline 
since a 31.7-percent drop in September 2009.

Product detail:  Leading the April increase in the index for unprocessed goods for intermediate 
demand, prices for crude petroleum jumped 13.1 percent. The indexes for slaughter chickens, raw 
cotton, slaughter steers and heifers, slaughter barrows and gilts, and carbon steel scrap also moved 
higher. In contrast, the index for natural gas fell 11.8 percent. Prices for corn and ungraded chicken 
eggs also dropped. 

Table B. Monthly and 12-month percent changes in selected intermediate demand price indexes for goods by commodity type, seasonally adjusted
Month Processed goods for intermediate demand Unprocessed goods for intermediate demand
Total Foods
and
feeds
Energy
goods
Less
foods
and
energy
Total,
change
from 12
months
ago
(unadj.)
Total Foodstuffs
and
feedstuffs
Energy
materials
Nonfood
materials
less
energy
Total,
change
from 12
months
ago
(unadj.)

2014

Apr.

0.0 2.3 -1.7 0.2 1.5 1.1 2.9 -1.0 1.4 6.5

May

0.1 0.0 0.8 -0.1 1.4 -1.1 -1.9 -0.8 -0.3 4.2

June

0.1 0.4 0.4 0.1 1.5 -1.1 -2.1 0.1 -1.6 3.7

July

0.1 -0.7 -0.4 0.4 1.6 -1.7 -0.9 -3.5 0.3 0.9

Aug.

-0.1 -0.3 -1.0 0.2 1.4 -3.0 -2.1 -5.3 -0.8 -0.5

Sept.

-0.2 0.8 -1.1 -0.1 1.1 0.1 2.3 -1.9 0.1 -0.2

Oct.

-1.0 -1.7 -2.8 -0.3 0.2 -3.3 0.0 -7.0 -2.5 -2.1

Nov.

-1.0 0.0 -3.6 -0.5 -0.6 -1.3 1.7 -4.3 -1.6 -1.6

Dec.(1)

-1.8 -0.3 -6.2 -0.6 -2.6 -5.2 -5.5 -7.3 -0.6 -8.7

2015

Jan.(1)

-2.4 -2.4 -7.8 -0.9 -5.5 -8.9 -1.9 -22.2 -0.5 -18.4

Feb.

-0.6 -1.9 -0.6 -0.4 -6.4 -3.9 -6.7 0.9 -5.2 -25.0

Mar.

-0.1 -0.8 0.5 -0.2 -6.7 -1.7 -1.4 -1.4 -2.3 -26.5

Apr.

-1.1 -1.7 -3.4 -0.5 -7.8 0.9 0.5 1.7 0.0 -26.6

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2014 have been revised to reflect the availability of late reports and corrections by respondents.

Services for intermediate demand:  The index for services for intermediate demand moved up 0.5 
percent in April, the third consecutive increase. Leading the April advance, prices for services less 
trade, transportation, and warehousing for intermediate demand rose 0.7 percent. The index for 
transportation and warehousing services for intermediate demand edged up 0.1 percent. Conversely, 
margins for trade services for intermediate demand inched down 0.1 percent. For the 12 months 
ended in April, the index for services for intermediate demand advanced 1.8 percent, the largest 12-
month increase since a 1.8-percent rise in December 2014. (See table C.)

Product detail:  In April, a 4.0-percent advance in the index for securities brokerage, dealing, 
investment advice, and related services accounted for half of the rise in prices for services for 
intermediate demand. The indexes for loan services (partial), television advertising time sales, 
passenger car rental, food wholesaling, and air courier and package delivery services (excluding 
USPS) also moved higher. In contrast, margins for hardware, building materials, and supplies 
retailing fell 2.3 percent. The indexes for portfolio management and long-distance motor carrying 
also decreased.

Table C. Monthly and 12-month percent changes in selected intermediate demand price indexes for services by commodity type, seasonally adjusted
Month Services for intermediate demand
Total Trade Transportation
and
warehousing
Other Total, change
from 12 months
ago (unadj.)

2014

Apr.

-0.2 -1.2 0.3 -0.1 1.0

May

0.0 1.0 0.3 -0.3 1.5

June

0.1 -0.4 0.3 0.2 1.3

July

0.6 1.4 0.3 0.5 1.9

Aug.

0.0 -0.3 0.2 0.0 1.7

Sept.

-0.1 0.3 -0.1 -0.2 1.5

Oct.

0.4 1.4 -0.2 0.3 1.8

Nov.

0.0 -0.4 0.1 0.1 1.5

Dec.(1)

0.2 0.4 0.0 0.2 1.8

2015

Jan.(1)

-0.3 -0.3 -0.3 -0.3 1.3

Feb.

0.1 0.1 -0.8 0.2 1.2

Mar.

0.2 0.2 -0.4 0.4 1.0

Apr.

0.5 -0.1 0.1 0.7 1.8

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2014 have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Production Flow

Stage 4 intermediate demand:  The index for stage 4 intermediate demand declined 0.2 percent in 
April after inching up 0.1 percent in March. In April, prices for total goods inputs to stage 4 
intermediate demand fell 0.6 percent. Conversely, the index for total services inputs rose 0.2 percent. 
(See table D.) Declines in the indexes for diesel fuel; portfolio management; gasoline; industrial 
chemicals; hardware, building materials, and supplies retailing; and steel mill products outweighed 
advances in the indexes for securities brokerage, dealing, investment advice, and related services; 
loan services (partial); and ready-mix concrete. (See table 6.) For the 12 months ended in April, 
prices for stage 4 intermediate demand fell 1.3 percent, the fourth consecutive 12-month decline.

Stage 3 intermediate demand:  The index for stage 3 intermediate demand moved down 0.5 percent 
in April following a 0.2-percent rise a month earlier. In April, prices for total goods inputs to stage 3 
intermediate demand fell 1.1 percent. In contrast, the index for total services inputs increased 0.3 
percent. Decreases in the indexes for jet fuel, gasoline, diesel fuel, industrial chemicals, ungraded 
chicken eggs, and chemicals and allied products wholesaling outweighed increases in prices for 
slaughter chickens; securities brokerage, dealing, investment advice, and related services; and 
slaughter barrows and gilts. For the 12 months ended in April, prices for stage 3 intermediate demand 
moved down 6.2 percent, the fourth consecutive 12-month decline.

Stage 2 intermediate demand:  The index for stage 2 intermediate demand edged up 0.1 percent in 
April following a 0.5-percent decline in March. In April, prices for total services inputs to stage 2 
intermediate demand rose 0.6 percent. Conversely, the index for total goods inputs decreased 0.2 
percent. Advances in the indexes for securities brokerage, dealing, investment advice, and related 
services; crude petroleum; television advertising time sales; network compensation from broadcast 
and cable television; and investment banking outweighed lower prices for natural gas, steel mill 
products, industrial chemicals, and portfolio management. For the 12 months ended in April, the 
index for stage 2 intermediate demand dropped 13.5 percent, the tenth consecutive 12-month decline.

Stage 1 intermediate demand:  Prices for stage 1 intermediate demand fell 0.7 percent in April, the 
eighth straight decline. In April, the index for total goods inputs to stage 1 intermediate demand 
dropped 1.7 percent. In contrast, prices for total services inputs moved up 0.6 percent. Declines in the 
indexes for diesel fuel, industrial chemicals, natural gas, gasoline, aluminum base scrap, and 
chemicals and allied products wholesaling outweighed rising prices for securities brokerage, dealing, 
investment advice, and related services; crude petroleum; and loan services (partial). For the 12 
months ended in April, prices for stage 1 intermediate demand dropped 8.0 percent, the sixth 
consecutive 12-month decrease.

Table D. Monthly percent changes in selected intermediate demand price indexes by production flow, seasonally adjusted
Month Stage 4 intermediate
demand
Stage 3 intermediate
demand
Stage 2 intermediate
demand
Stage 1 intermediate
demand
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs
Total Goods
inputs
Services
inputs

2014

Apr.

-0.1 0.0 -0.2 0.2 0.4 0.0 -0.1 0.1 -0.3 -0.2 -0.1 -0.4

May

0.1 0.2 -0.1 -0.2 -0.5 0.0 -0.3 -0.4 0.0 -0.2 -0.2 -0.2

June

0.1 0.1 0.2 -0.1 -0.1 0.1 -0.2 -0.3 0.1 0.1 0.1 0.3

July

0.3 0.0 0.6 0.5 0.5 0.4 -0.9 -1.9 0.6 0.9 0.7 0.9

Aug.

0.0 -0.1 0.0 -0.3 -0.7 0.2 -1.6 -2.7 -0.1 0.0 0.1 0.0

Sept.

-0.1 -0.1 0.0 0.3 0.7 -0.2 -0.6 -1.0 -0.1 -0.4 -0.8 0.1

Oct.

0.0 -0.5 0.4 -0.3 -0.8 0.2 -2.3 -4.5 0.6 -0.9 -1.8 0.4

Nov.

-0.3 -0.5 0.0 -0.3 -0.8 0.2 -1.3 -2.3 -0.1 -1.5 -2.4 -0.3

Dec.(1)

-0.4 -1.0 0.3 -1.9 -3.3 -0.2 -2.3 -4.4 0.2 -1.4 -3.2 1.1

2015

Jan.(1)

-0.7 -1.2 -0.1 -2.3 -4.0 0.0 -4.4 -8.7 -0.7 -2.8 -4.7 -0.3

Feb.

-0.1 -0.4 0.2 -1.4 -2.7 0.1 -0.2 -0.6 0.2 -1.4 -2.2 -0.3

Mar.

0.1 -0.2 0.5 0.2 0.3 0.0 -0.5 -1.5 0.2 -0.2 -0.4 0.2

Apr.

-0.2 -0.6 0.2 -0.5 -1.1 0.3 0.1 -0.2 0.6 -0.7 -1.7 0.6

Footnotes
(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for December 2014 have been revised to reflect the availability of late reports and corrections by respondents.

_____________
The Producer Price Index for May 2015 is scheduled to be released on Friday, June 12, 
2015 at 8:30 a.m. (EDT).

                                             *****

                              PPI to Update Samples More Frequently

The Producer Price Index (PPI) periodically updates the sample of producers providing index 
data in order to reflect current conditions more accurately when the structure, membership, 
technology, or product mix of an industry shifts. Since 1986, these sample changes have been 
updated at semi-annual intervals, with the release of data for January and July. Effective with the 
release of PPI data for June 2015 on July 15, 2015, PPI will update samples on a tri-annual basis, 
coinciding with the release of data for February, June, and October (in March, July, and 
November, respectively). This accelerated approach to replacing industry samples will result in 
indexes that better represent current industry production and will improve data quality.

With each sample update, PPI will continue to publish a notice listing the impacted industries in 
both the PPI News Release and PPI Detailed Report. In addition, PPI will continue to publish 
information on specific index additions, deletions, and recodes associated with the updated 
samples in the PPI Detailed Report. 

For further information, contact the PPI Section of Index Analysis and Public Information, at 
ppi-info@bls.gov or (202) 691-7705.





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