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Producer Price Index for final demand moved up 1.4 percent in 12 months

April 15, 2014

The Producer Price Index for final demand moved up 1.4 percent for the 12 months ended in March 2014 (on an unadjusted basis). This is the largest 12-month advance since a 1.7-percent increase in August 2013.

 

Percent change in Producer Price Index for final demand, March 2013–March 2014, and relative importance of groupings, December 2013
GroupingRelative importancePercent change, March 2013 to March 2014

Final demand (total)

100.0001.4

Final demand goods

34.3701.1

Final demand foods

5.4790.8

Final demand energy

6.7851.0

Final demand goods less foods and energy

22.1061.2

Final demand services

63.5451.6

Final demand trade services

19.9040.9

Final demand transportation and warehousing services

4.8961.0

Final demand services less trade, transportation, and warehousing

38.7461.9

Final demand construction

2.0853.2

 

For the 12 months ended in March 2014, the index for final demand goods (which has a relative importance value of 34.4 percent) advanced 1.1 percent. Within final demand goods, the index for final demand foods (relative importance 5.5 percent) increased 0.8 percent and the index for final demand energy (relative importance 6.8 percent) increased 1.0 percent, while the index for final demand goods less food and energy (which accounts for the remaining 22.1 of the final demand goods relative importance) increased 1.2 percent.

The 12-month change in the index for final demand services (which has a relative importance value of 63.5 percent) increased 1.6 percent. The index for final demand trade services (relative importance 19.9 percent) increased 0.9 percent and the index for final demand transportation and warehousing services (relative importance 4.9 percent) increased 1.0 percent. The index for final demand services less trade, transportation, and warehousing (which accounts for the remaining 38.7 percent of the final demand services relative importance) increased 1.9 percent.

Over the year, from March 2013 to March 2014, the final demand construction index (with a relative importance of 2.1 percent) increased 3.2 percent.

These data are from the Producer Price Index program. See "Producer Price Indexes — March 2014" (HTML) (PDF), news release USDL-14-0567, for more information. The relative importance of a component of the PPI represents its value weight that is allocated to the final demand category, expressed as a percentage of the total weight of the category.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index for final demand moved up 1.4 percent in 12 months on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140415.htm (visited December 18, 2014).

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