Producer Price Indexes

PPI Enhances the Indexes for Prescription and Non-Prescription Pharmaceuticals

Effective with the release of Producer Price Index (PPI) data for January 2010, PPI expanded and re-coded the detailed publication structure for prescription and non-prescription pharmaceutical preparations. In the past, indexes tracking price changes for prescription and non-prescription pharmaceuticals were published as special industry indexes, coded 32541DRX and 32541DOTC. With the recent update, PPI moved all prescription and non-prescription detail to its commodity based index structure. This change enhances the quality of the prescription and non-prescription pharmaceuticals indexes by including all the price quotations PPI collects for these products. The industry-based method used from June 2001 through December 2009 employed most, but not all, of the price quotations for pharmaceuticals collected from North American Industry Classification System (NAICS) 325412, the Pharmaceutical Preparation Manufacturing industry. The commodity based structure includes price quotations for pharmaceuticals regardless of industry of origin. By contrast, the industry based calculation only included prices from companies classified within NAICS 325412.

Wherever possible, the index histories for the previous industry indexes were linked to the new commodity indexes. These changes include:

32541DRX and 32541DOTC replaced by SI07003 and SI07006

SI07003, Pharmaceuticals for human use, prescription — This commodity index replaces industry index 32541DRX, Pharmaceutical preparations, prescription. The new special index, SI07003, is located in table 8 of the PPI Detailed Report. This index includes prescription pharmaceutical preparations classified in commodity index 0638, Pharmaceutical preparations.

SI07006, Pharmaceuticals for human use, non-prescription — This commodity index replaces industry index 32541DOTC, Pharmaceutical preparations, non-prescription. The new index, SI07006, is located in table 8 of the PPI Detailed Report. This index includes non-prescription (over-the-counter) pharmaceutical preparations classified in commodity index 0638, Pharmaceutical preparations.

Previous Index Code Title New index code

32541DRX

Pharmaceuticals for human use, prescription

SI07003

32541DOTC

Pharmaceuticals for human use, non-prescription

SI07006

Updates to NAICS 325412 — Pharmaceutical preparation manufacturing

All detailed prescription and non-prescription pharmaceutical splits below the therapeutic class level were moved from NAICS 325412, Pharmaceutical preparation manufacturing, to commodity codes 0638, Pharmaceutical preparations, and 0634, Preparations, veterinary.

Previous Index Code Title New index code

32541241111

Analgesics, prescription

06380202RX

32541241112

Analgesics, over-the-counter

06380202OC

325412A1121

Other respiratory preparations, prescription

06380403RX

325412A1122

Other respiratory preparations, over-the-counter

06380403OC

325412D1121

Other digestive or genito-urinary preparations, prescription

06380503RX

325412D1122

Other digestive or genito-urinary preparations, over-the-counter

06380503OC

325412G111

Skin preparations, prescription

Discontinued

325412G112

Skin preparations, non-prescription

Discontinued

New

Other pharmaceutical preparations acting on the skin, prescription

06380603RX

New

Other pharmaceutical preparations acting on the skin, over-the-counter

06380603OC

New

Anti-acne preparations, prescription

06380604RX

New

Anti-acne preparations, over-the-counter

06380604OC

325412L1121

Other vitamins and nutrients, prescription

06380703RX

325412L1122

Other vitamins and nutrients, over-the-counter

06380703OC

New

Veterinary pharmaceutical preparations, prescription

06340302RX

New

Veterinary pharmaceutical preparations, over-the-counter

06340302OC

Further information, including a full industry-to-commodity concordance spreadsheet, is available by contacting the PPI Section of Index Analysis and Public Information, at ppi-info@bls.gov or (202) 691-7705.

Last Modified Date: March 17, 2010

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