United States

Department 

of Labor 

Bureau of Labor Statistics Washington, D.C. 20212 

FOR DATA ONLY: (202) 691-5200 USDL 04-28 

FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN 

(202) 691-7705 THIS RELEASE IS EMBARGOED

MEDIA CONTACT: (202) 691-5902 UNTIL 8:30 A.M. (EST), WEDNESDAY, 

http://www.bls.gov/ppi JANUARY 14, 2004

Producer Price Indexes -- December 2003 

The Producer Price Index for Finished Goods rose 0.3 percent in December, seasonally adjusted, the 

Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.3-

percent decline in November and a 0.8-percent advance in October. At the earlier stages of processing, prices 

received by producers of intermediate goods turned up 0.5 percent, after falling 0.2 percent in the previous 

month. The crude goods index rose 2.0 percent in December, following a 0.2-percent increase in November. 

(See table A.) 

Table A. Monthly and annual percent changes in selected stage-of-processing price 

indexes, seasonally adjusted

Finished goods 

Month Total Foods Energy

Except 

foods and

energy 

Change in 

finished goods 

from 12 months

ago (unadj.) 

Intermediate

goods 

Crude

goods 

2002

Dec. -0.3 0.4 0.2 -0.6 1.2 -0.1 2.0

2003

Jan. 1.4 1.9 4.6 .3 2.5 1.2 7.6

Feb. 1.1 .4 7.4 -.1 3.3 2.0 5.2

Mar. 1.4 .2 5.4 .7 4.0 2.1 13.0

Apr. -1.7 .8 -8.1 -.7 2.4 -2.3 -15.8

May -.4 .1 -2.9 .1 2.5 -.7 1.4

June .5 .3 2.9 -.1 2.9 .5 4.4

July .1 -.3 .7 .1 3.0 .1 -3.0

Aug. r .6 r .9 r 1.6 .2 r 3.5 r .6 -1.1 

Sept. r .2 r 1.0 r -.3 0 3.5 r -.2 r 3.5 

Oct. .8 2.2 -.1 .5 3.4 .4 2.6

Nov. -.3 -.3 -1.2 -.1 3.4 -.2 .2

Dec. .3 .2 1.8 -.1 4.0 .5 2.0

r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously 

reported because data for August 2003 have been revised to reflect the availability of late reports and 

corrections by respondents.
-2- 

 Among finished goods, prices for finished energy goods advanced 1.8 percent in December, after 

decreasing 1.2 percent a month earlier. The index for finished consumer foods rose 0.2 percent, compared with 

a 0.3-percent decline in the prior month. On the other hand, the index for finished goods other than foods and 

energy inched down 0.1 percent in December, the same as in November. 

Before seasonal adjustment, the Producer Price Index for Finished Goods was unchanged from its level 

of 144.5 (1982=100) in November. From December 2002 to December 2003, finished goods prices increased 

4.0 percent, after climbing 1.2 percent during 2002. Finished consumer food prices turned up 7.7 percent in 

2003, as opposed to slipping 0.6 percent in the prior year. A 1.0-percent increase in the index for finished 

goods other than foods and energy in 2003 followed a 0.5-percent dip in 2002. By contrast, the index for 

finished energy goods advanced 11.5 percent in 2003, following a 12.3-percent rise in the previous calendar 

year. At the earlier stages of processing, the intermediate goods index advanced 3.9 percent from December 

2002 to December 2003, after registering a 3.2-percent gain during 2002. Prices received by producers of crude 

materials for further processing increased 18.5 percent in 2003, following a 24.7-percent jump in the prior 

calendar year. (See summary below.) 

Summary of December-to-December and 3-month seasonally adjusted annual rates for selected 

stages of process 

Seasonally adjusted annual rate for 3 

months ended Percentage change 

12 months ended 

December Grouping 

2001 2002 2003

March 

2003 

June 

2003 

September 

2003 

December

2003 

Finished goods -1.6 1.2 4.0 16.8 -6.2 3.7 3.1

 Finished consumer foods 1.8 -.6 7.7 10.1 5.1 6.8 8.7

 Finished energy goods -17.1 12.3 11.5 96.8 -29.0 8.2 2.0

 Finished goods less foods and energy .9 -.5 1.0 3.5 -2.4 1.3 1.3

 Finished consumer goods, excluding 

 foods and energy 1.5 -.5 1.0 4.1 -2.7 1.0 1.8

 Capital equipment 0 -.6 .9 2.9 -2.0 1.7 1.2

Intermediate materials, supplies, and 

 components -4.0 3.2 3.9 23.4 -9.6 1.8 2.7

 Intermediate foods and feeds .3 4.2 12.7 8.0 12.4 8.6 22.4

 Intermediate energy goods -16.9 12.0 10.9 149.0 -41.1 2.6 -.4

 Intermediate materials less foods and energy -1.6 1.5 2.1 6.0 -.9 .9 2.6

 Materials for nondurable manufacturing -5.5 4.2 5.1 28.1 -7.8 -2.3 5.7

 Materials for durable manufacturing -4.0 3.1 3.9 1.6 -1.3 7.1 8.0

 Materials and components for construction 0 .8 3.0 2.4 .8 5.9 2.9

Crude materials for further processing -32.5 24.7 18.5 168.1 -37.0 -3.2 21.1

 Foodstuffs and feedstuffs -7.6 4.5 24.0 18.0 11.8 32.2 36.2

 Crude energy materials -52.9 61.5 12.3 579.4 -62.9 -34.2 -3.9

 Crude nonfood materials less energy -9.9 12.6 20.8 19.0 -7.4 27.8 52.5

NOTE: Late reports and corrections by respondents may cause some indexes to change 4 months after original publication. 

In addition, seasonally adjusted indexes may be revised for 5 years due to the recalculation of seasonal factors each January. 
-3- 

Finished goods

Prices for finished energy goods turned up 1.8 percent in December, after decreasing 1.2 percent in 

November. The gasoline index rose 5.1 percent, following a 4.8-percent decline in the preceding month. Prices 

for liquefied petroleum gas and residential electric power climbed more rapidly in December than they did a 

month earlier. The indexes for home heating oil and diesel fuel moved up, subsequent to declines in November. 

Residential natural gas prices decreased at a slower rate in December than they did in November. 

The index for finished consumer foods edged up 0.2 percent in December, after falling 0.3 percent in the 

prior month. Most of this reversal can be attributed to fresh and dry vegetable prices, which jumped 20.7 

percent, following a 5.2-percent decrease in November. The indexes for finfish and shellfish and for eggs for 

fresh use also turned up, after declining in the preceding month, while the indexes for fresh fruits and melons, 

shortening and cooking oils, and processed turkeys rose at a faster pace than they did in November. 

Alternatively, prices for dairy products slipped 0.8 percent in December, following a 0.5-percent hike in 

November. The indexes for beef and veal and for pork fell more rapidly in December than they did in the 

previous month, while prices for processed young chickens rose less than they did in the prior month. The soft 

drinks index turned down slightly, after posting an increase in November. 

Prices for finished consumer goods other than foods and energy inched down 0.1 percent in December, 

following no change in the prior month. In December, price declines for light motor trucks, men’s and boys’ 

apparel, floor coverings, mobile homes, periodical circulation, and for sanitary papers and health products 

prevailed over rising prices for book publishing, passenger cars, pharmaceutical preparations, women’s apparel, 

alcoholic beverages, and household furniture. During the 2003 calendar year, the index for finished consumer 

goods other than foods and energy advanced 1.0 percent, following a 0.5-percent decrease in 2002. 

Table B. Monthly and annual percent changes in selected price indexes for intermediate goods 

and crude goods, seasonally adjusted

Intermediate goods Crude goods 

Month Foods Energy 

Except 

foods and 

energy 

Change in 

intermediate 

goods from 

12 months ago

(unadj.) Foods 

Energy 

(unadj.) 

Except 

foods and 

energy 

Change in 

crude goods 

from 

12 months ago

(unadj.) 

2002 

Dec. 1.0 -0.5 -0.1 3.2 1.3 3.3 0.2 24.7

2003 

Jan. 1.5 5.6 .4 4.5 5.3 13.0 1.3 28.7

Feb. .7 7.9 .7 6.6 .7 9.9 3.4 36.7

Mar. -.3 10.2 .4 8.0 -1.8 30.1 -.3 46.8

Apr. .1 -11.0 -.2 4.6 1.2 -30.7 -1.1 18.2

May 1.1 -4.4 0 4.2 2.0 1.9 -.7 19.1

June 1.8 2.9 0 4.5 -.4 10.5 -.1 29.1

July -.7 1.1 -.1 4.4 -3.1 -4.8 1.7 24.2

Aug. r .4 r 2.6 r .1 4.4 3.4 r -6.1 r 2.0 r 20.8

Sept. r 2.4 r -3.0 r .3 3.7 7.0 r .7 r 2.5 22.3

Oct. 3.1 .6 .3 3.4 8.9 -3.6 3.1 22.8

Nov. 2.7 -2.9 .2 3.3 -.1 -1.5 4.3 18.3

Dec. -.7 2.2 .1 3.9 -.7 4.3 3.4 18.5

r=revised. Some of the figures shown above and elsewhere in this release may differ from those previously reported because 

data for August 2003 have been revised to reflect the availability of late reports and corrections by respondents. 
-4- 

Capital equipment prices decreased 0.1 percent in December, the same rate of decline that was 

registered in November. Falling prices for light motor trucks, electronic computers, x-ray and electromedical 

equipment, welding machines and equipment, metal cutting machine tools, and printing trades machinery 

slightly outweighed price increases for civilian aircraft, heavy motor trucks, construction machinery and 

equipment, and for integrating and measuring instruments. For the 12 months ended December 2003, capital 

equipment prices advanced 0.9 percent, after posting a 0.6-percent drop during the previous calendar year. 

Intermediate goods

 The Producer Price Index for Intermediate Materials, Supplies, and Components advanced 0.5 percent in 

December, following a 0.2-percent decline in the previous month. Prices for intermediate energy goods turned 

up, after falling in the prior month. The index for materials for nondurable manufacturing increased at a faster 

rate than it did in November. By contrast, prices for intermediate foods and feeds decreased in December, 

following gains a month earlier. The materials and components for construction index showed no change, after 

moving up in the preceding month. Prices for materials for durable manufacturing rose less than they did in 

November. Excluding prices for foods and energy, the intermediate goods index inched up 0.1 percent in 

December, compared with a 0.2-percent increase in the previous month. (See table B.) 

 Prices for intermediate energy goods increased 2.2 percent in December, after falling 2.9 percent in the 

prior month. The index for commercial electric power moved up 1.4 percent, compared with a 4.0-percent drop 

in November. Prices for natural gas to electric utilities, gasoline, diesel fuel, and commercial natural gas also 

turned up, following declines in the preceding month. The index for industrial natural gas fell less than it did in 

the previous month. Prices for jet fuels and liquefied petroleum gas advanced at a quicker rate than they did in 

November. On the other hand, the industrial electric power index moved down 1.1 percent in December, after 

edging down 0.1 percent a month earlier. From December 2002 to December 2003 prices for intermediate 

energy goods rose 10.9 percent, following a 12.0-percent gain in 2002. 

 The index for materials for nondurable manufacturing increased 0.5 percent in December, after rising 

0.2 percent in the preceding month. Prices for primary basic organic chemicals went up 5.8 percent, compared 

with a 0.3-percent decrease in November. The indexes for intermediate basic organic chemicals, sulfuric acid, 

and synthetic rubber also turned up, following declines in the prior month. Prices for fertilizer materials and 

plastic resins and materials advanced at a faster rate in December than they did in the previous month. 

Alternatively, the medicinal and botanical chemicals index fell 1.6 percent in December, after moving up 2.5 

percent a month earlier. Prices for inedible fats and oils, paper, finished fabrics, and woodpulp also turned 

down, following gains in November. Nondurable manufacturing materials prices increased 5.1 percent in 2003, 

following a 4.2-percent gain in 2002. 

 The index for intermediate foods and feeds moved down 0.7 percent in December, after posting a 2.7-

percent gain in the prior month. Leading this downturn, prices for prepared animal feeds decreased 0.4 percent, 

after jumping 7.0 percent a month earlier. The indexes for crude vegetable oils and for natural, processed, and 

imitation cheese also fell, following increases in November. Flour prices rose at a slower pace in December 

than they did in the previous month. The indexes for beef and veal and fluid milk products declined at a quicker 

pace in December than they did in the preceding month. By contrast, prices for shortening and cooking oils 

advanced 4.6 percent in December, compared with a 0.9-percent gain a month earlier. The indexes for refined 

sugar and byproducts, liquid beverage bases (used for soft drinks), and butter turned up, after falling in 

November. During the 2003 calendar year, prices for intermediate foods and feeds jumped 12.7 percent, 

following a 4.2-percent increase in the previous calendar year. 
-5- 

 Subsequent to a 0.5-percent increase in November, the index for materials and components for 

construction showed no change in December. Plywood prices fell 7.1 percent, following a 1.0-percent increase 

a month earlier. The indexes for wiring devices, asphalt felts and coatings, treated wood, and hardwood lumber 

also decreased in December. Offsetting these falling prices, the indexes for fabricated structural metal products, 

concrete products, nonferrous wire and cable, steel mill products, and plastic construction products moved up in 

December. From December 2002 to December 2003, prices for materials and components for construction 

advanced 3.0 percent, after edging up 0.8 percent in 2002. 

 The materials for durable manufacturing index climbed 0.5 percent in December, compared with a 0.8-

percent gain in the preceding month. In December, rising prices for steel mill products, primary nonferrous 

metals, copper and brass mill shapes, and aluminum mill shapes outweighed falling prices for building paper 

and board, plywood, soft fiber cordage and twine (except cotton), hardwood lumber, and flat glass. For the 12 

months ended in December 2003, the index for materials for durable manufacturing advanced 3.9 percent, 

following a 3.1-percent increase in the preceding year. 

Crude goods

 The Producer Price Index for Crude Materials for Further Processing rose at a 2.0-percent rate in 

December, after posting a 0.2-percent gain in November. This acceleration was due to an upturn in prices for 

crude energy materials. By contrast, the index for crude foodstuffs and feedstuffs fell at a quicker rate in 

December than it did in the prior month, and price increases for basic industrial materials slowed from 

November to December. (See table B.) 

 The index for crude energy materials climbed 4.3 percent in December, compared with a 1.5-percent 

decrease in November. Leading this upturn, natural gas prices advanced 6.1 percent, after moving down 1.3 

percent in the previous month. The index for crude petroleum rose 2.6 percent in December, following a 2.3-

percent drop a month earlier. Coal prices increased 0.4 percent, subsequent to a 0.6-percent dip in November. 

From December 2002 to December 2003, the index for crude energy materials moved up 12.3 percent, after 

surging 61.5 percent during the preceding calendar year. 

 Prices for crude foodstuffs and feedstuffs fell 0.7 percent in December, after inching down at a 0.1-

percent rate in November. The index for fluid milk declined 8.2 percent, following a 5.4-percent gain in the 

prior month. Prices for slaughter hogs, unprocessed shellfish, and raw cane sugar also turned down in 

December. The indexes for wheat, corn, and soybeans increased at a slower rate than they did in November. 

Conversely, the rate of decrease in prices for slaughter cattle slowed from 6.6 percent in November to 3.5 

percent in December. The indexes for slaughter broilers and fryers, fresh and dry vegetables, and unprocessed 

finfish advanced, after falling in the preceding month. In 2003, prices for crude foodstuffs and feedstuffs 

climbed 24.0 percent, compared with a 4.5-percent rise in 2002. 

 Registering its sixth consecutive increase, the index for crude nonfood materials less energy moved up at 

a 3.4-percent rate in December. This rise followed a 4.3-percent gain in November. Prices for iron and steel 

scrap jumped 10.3 percent, after surging 13.8 percent in the previous month. The indexes for aluminum base 

scrap, copper base scrap, copper ores, pulpwood, and for construction sand, gravel, and crushed stone also rose 

at a slower rate in December. Prices for raw cotton, leaf tobacco, and wastepaper turned down, following 

increases in November. On the other hand, the gold ores index advanced 7.0 percent in December, outpacing a 

0.9-percent rise in November. Price increases for hardwood logs and for phosphates also accelerated in 

December. The indexes for hides and skins and for softwood logs turned up, after falling in November. After 

climbing at a 12.6-percent rate in 2002, prices for basic industrial materials advanced 20.8 percent in 2003. 
-6- 

Net output price indexes for mining, manufacturing, and services industries

Mining. The Producer Price Index for the Net Output of Total Mining Industries rose 4.2 percent in December, 

following a 0.9-percent fall in November. (Net output price indexes are not seasonally adjusted.) The industry 

index for natural gas liquids and natural gas residue advanced 9.9 percent, after slipping 0.2 percent in the 

preceding month. Prices for gold ores increased more quickly in December than they did in November. The 

industry indexes for crude petroleum and natural gas, bituminous coal and lignite surface mining, and 

bituminous coal underground mining turned up, after falling in the prior month. On the other hand, the industry 

index for oil and gas field services other than drilling and exploration decreased 0.4 percent in December, 

following a 0.4-percent increase in November. Prices for the potash, soda, and borate minerals industry turned 

down in December, as did the industry indexes for industrial sand and for oil and gas well drilling. Prices for 

copper ores advanced more slowly in December than they did in November. The December Producer Price 

Index for the Net Output of Total Mining Industries was 127.2 (December 1984=100). From December 2002 to 

December 2003, prices received by the mining sector increased 11.8 percent, after rising 46.6 percent in 2002. 

Manufacturing. The Producer Price Index for the Net Output of Total Manufacturing Industries posted no 

change in December, following a 0.4-percent decline in November. Prices received by the petroleum refining 

and related products industry group increased 1.4 percent, after a 4.4-percent drop in the prior month. Prices 

received by the industry group for fabricated metal products (except machinery and transportation equipment) 

and the industry group for rubber and miscellaneous plastic products also advanced in December, following 

November decreases. The index for the printing, publishing, and allied industries group rose, after showing no 

change in the prior month. Prices received by the primary metal industries group rose more quickly in 

December than in the preceding month, and the index for the industry group for machinery (except electrical) 

fell less than it did in November. Alternatively, the industry group index for food and kindred products 

declined 0.5 percent in December, after showing no change in November. The industry group indexes for 

transportation equipment and for electrical and electronic machinery, equipment, and supplies fell more in 

December than they did in November, while the industry group indexes for lumber and wood products (except 

furniture), and for paper and allied products turned down. Prices received by the industry group for stone, clay, 

glass, and concrete products rose less quickly in December than they did in the prior month. In December, the 

Producer Price Index for the Net Output of Total Manufacturing Industries was 137.7 (December 1984=100). 

From December 2002 to December 2003, prices received by the manufacturing sector rose 2.8 percent, after 

moving up 1.8 percent in 2002. 

Services. Among service industries in December, prices received by the industries for operators and lessors of 

nonresidential buildings; engineering design, analysis, and consulting services; offices of physicians; 

investment advice; general medical and surgical hospitals; and insurance agencies and brokerages increased. 

Conversely, prices received by the industries for security brokers, dealers, and investment banking companies; 

telephone communications (except radiotelephone); life insurance carriers; truck rental and leasing; television 

broadcasting; and real estate agents and managers decreased in December. 

***** 

Producer Price Index data for January 2004 will be 

released on Thursday, February 19, 2004, at 8:30 a.m. (EST). 
-7- 

Recalculated Seasonal Adjustment Factors and Relative Importance Figures to be Available on 

February 17, 2004 

Each year with the release of PPI data for January, seasonal adjustment factors are recalculated to reflect price 

movements from the just-completed calendar year. This routine annual calculation may result in revisions to seasonally 

adjusted indexes for the previous 5 years. The following information will be available on February 17, 2004 (2 workdays 

prior to the release of PPI data for January 2004 on February 19): 

 Seasonal factors for commodity indexes for the year 2004, 

 Recalculated seasonal factors for the last 5 years (1999-2003) for the commodity indexes, 

 Recalculated seasonal factors for the last 5 years (1999-2003) for the stage-of-processing indexes. 

In addition to recalculated seasonal factors, December 2003 relative importance figures will also be available on 

February 17, 2004. 

To obtain any of this information, visit the PPI website at http://www.bls.gov/ppi/ or call the Division of 

Industrial Prices and Price Indexes, Section of Index Analysis and Public Information at (202) 691-7705.

NAICS Conversion 

The net output price indexes will be converted from the 1987 Standard Industrial Classification (SIC) 

basis to the 2002 North American Industry Classification System (NAICS) basis with the February 2004 release 

of January 2004 indexes. The NAICS conversion involves major definitional changes to many of the currently 

published SIC-based indexes. After the conversion to NAICS, SIC-based indexes will no longer be produced or 

published. Historical index data based on the NAICS publication structure will be available depending on the 

scope of the definitional changes between SIC and NAICS. A concordance between the two structures is 

available at http://www.bls.gov/ppi/ppinaicstosic.htm through a World Wide Web site. 

For more information contact the Division of Industrial Prices and Price Indexes, Section of Index 

Analysis and Public Information at ppi-info@bls.gov or (202) 691-7705. 
Technical Note

Brief Explanation of Producer Price Indexes 

 The term Producer Price Index (PPI) refers to a family of indexes that measure the average change over time 

in the selling prices received by domestic producers of goods and services. PPIs measure price change from the 

perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI); CPIs 

measure price change from the purchaser's perspective. Sellers' and purchasers' prices may differ due to 

government subsidies, sales and excise taxes, and distribution costs. 

 More than 10,000 PPIs for individual products and groups of products are released each month. PPIs are 

available for the products of virtually every industry in the mining and manufacturing sectors of the U.S. 

economy. New PPIs are gradually being introduced for the products of industries in the transportation, utilities, 

trade, finance, and services sectors of the economy. 

 More than 100,000 price quotations per month are organized into three sets of producer price indexes: (1) 

stage-of-processing indexes; (2) commodity indexes; and (3) indexes for the net output of industries and their 

products. The stage-of-processing structure (tables 1, 2, and 5) organizes products by class of buyer and degree 

of fabrication. The commodity structure (tables 2 and 3) organizes products by similarity of end-use or material 

composition. The entire output of various industries is sampled to derive price indexes for the net output of 

industries and their products (table 4). 

 Within the stage-of-processing system, finished goods are commodities that will not undergo further 

processing and are ready for sale to the final demand user, either an individual consumer or business firm. 

Consumer foods include unprocessed foods such as eggs and fresh vegetables, as well as processed foods such 

as bakery products and meats. Other finished consumer goods include durable goods such as automobiles, 

household furniture, and appliances; and nondurable goods such as apparel and home heating oil. Capital 

equipment includes producer durable goods such as heavy motor trucks, tractors, and machine tools. 

 The stage-of-processing category for intermediate materials, supplies, and components consists partly of 

commodities that have been processed but require further processing. Examples of such semifinished goods 

include flour, cotton yarn, steel mill products, and lumber. The intermediate goods category also encompasses 

nondurable physically complete items purchased by business firms as inputs for their operations. Examples 

include diesel fuel, belts and belting, paper boxes, and fertilizers. 

 Crude materials for further processing are products entering the market for the first time that have not been 

manufactured or fabricated and that are not sold directly to consumers. Crude foodstuffs and feedstuffs include 

items such as grains and livestock. Examples of crude nonfood materials include raw cotton, crude petroleum, 

coal, hides and skins, and iron and steel scrap. 

 Producer price indexes for the net output of industries and their products are grouped according to the 

Standard Industrial Classification (SIC). Industry price indexes are compatible with other economic time series 

organized by SIC codes, such as data on employment, wages, and productivity. Table 4 lists indexes for the net 

output of major mining and manufacturing industry groups at the 2-digit level. 

 Producer price indexes are based on selling prices reported by establishments of all sizes selected by 

probability sampling, with the probability of selection proportionate to size. Individual items and transaction 

terms from these firms are also chosen by probability proportionate to size. BLS strongly encourages 

cooperating companies to supply actual transaction prices at the time of shipment to minimize the use of list 

prices. Prices are normally reported by mail questionnaire for the Tuesday of the week containing the 13th. 

 
 Price data are provided on a voluntary and confidential basis; no one but sworn BLS employees are allowed 

access to individual company price reports. The Bureau publishes price indexes instead of unit dollar prices. 

All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect 

the availability of late reports and corrections by respondents. 

 The BLS periodically updates the PPI sample of survey respondents to better reflect current conditions when 

the structure, membership, technology, or product mix of an industry shifts significantly and to spread reporting 

burden among smaller firms. Results of these resampling efforts are incorporated into the PPI every January 

and July. 

 As part of an ongoing effort to expand coverage to sectors of the economy other than mining and 

manufacturing, an increasing number of service sector industries have been introduced into the PPI. The 

following list of recently introduced service industries includes the month in which an article describing the 

industry's content appeared in the PPI Detailed Report: 

PPI Detailed 

Industry SIC Report Issue 

Wireless Telecommunications................................... 4812 July 1999 

Telephone Communications, Except Radio Telephone....... 4813 July 1995 

Television Broadcasting .......................................... 4833 July 2002 

Grocery Stores..................................................... 5411 July 2000 

Meat and Fish (Seafood) Markets .............................. 5421 July 2000 

Fruit and Vegetable Markets.................................... 5431 July 2000 

Candy, Nut, and Confectionery Stores......................... 5441 July 2000 

Retail Bakeries..................................................... 5461 July 2000 

Miscellaneous Food Stores....................................... 5499 July 2000 

New Car Dealers................................................... 5511 July 2000 

Gasoline Service Stations......................................... 5541 January 2002 

Boat Dealers......................................................... 5551 January 2002 

Recreational Vehicle Dealers.................................... 5561 January 2002 

Miscellaneous Retail.............................................. 59 January 2001 

Security Brokers, Dealers, and Investment Bankers......... 6211 January 2001 

Investment Advice................................................................... 6282 January 2003 

Life Insurance Carriers........................................... 6311 January 1999 

Property and Casualty Insurance................................ 6331 July 1998 

Insurance Agencies and Brokerages.................................. 6412 January 2003 

Operators and Lessors of Nonresidential Buildings.......... 6512 January 1996 

Real Estate Agents and Managers.............................. 6531 January 1996 

Prepackaged Software............................................ 7372 January 1998 

Data Processing Services......................................... 7374 January 2002 

Home Health Care Services...................................... 8082 January 1997 

Legal Services...................................................... 8111 January 1997 

Engineering Design, Analysis, and Consulting Services..... 8711 January 1997 

Architectural Design, Analysis, and Consulting Services... 8712 January 1997 

Premiums for Property and Casualty Insurance............... 9331 July 1998 
 Weights for most traditional commodity groupings of the PPI, as well as all indexes (such as stage-ofprocessing indexes) calculated from traditional commodity groupings, currently reflect 1997 values of 

shipments as reported in the Census of Manufactures and other sources. From January 1996 through December 

2001, PPI weights were derived from 1992 shipment values. Industry indexes shown in table 4 also are now 

calculated with 1997 net output weights. This periodic update of the value weights used to calculate the PPI is 

done to more accurately reflect changes in production and marketing patterns in the economy. 

 Net output values of shipments are used as weights for industry indexes. Net output values refer to the value 

of shipments from establishments in one industry to establishments classified in another industry. However, 

weights for commodity price indexes are based on gross shipment values, including shipment values between 

establishments within the same industry. As a result, broad commodity grouping indexes such as the all 

commodities index are affected by the multiple counting of price change at successive stages of processing, 

which can lead to exaggerated or misleading signals about inflation. Stage-of-processing indexes partially 

correct this defect, but industry indexes consistently correct for this at all levels of aggregation. Therefore, 

industry and stage-of-processing indexes are more appropriate than broad commodity groupings for economic 

analysis of general price trends. 

 Effective with publication of January 1988 data, many important PPI series (including stage-of-processing 

groupings and most commodity groups and individual items) were placed on a new reference base, 1982=100. 

From 1971 through 1987, the standard reference base for most PPI series was 1967=100. Except for rounding 

differences, the shift to the new reference base did not alter any changes to previously published percent 

changes for affected PPI series. (See "Calculating Index Changes," below.) The new reference base is not used 

for indexes with a base later than December 1981, nor for indexes for the net output of industries and their 

products. 

 For further information on the underlying concepts and methodology of the Producer Price Index, see 

chapter 14, "Producer Prices," in BLS Handbook of Methods (April 1997), Bulletin 2490. Reprints are available 

from the Bureau of Labor Statistics on request. 
Calculating Index Changes 

 Each index measures price changes from a reference period which equals 100.0 (1982 or some later month). 

An increase of 5.5 percent from the reference period in the Finished Goods Price Index, for example, is shown 

as 105.5. This change can also be expressed in dollars as follows: "Prices received by domestic producers of a 

systematic sample of finished goods have risen from $100 in 1982 to $105.50 today." Likewise, a current index 

of 90.0 would indicate that prices received by producers of finished goods today are 10 percent lower than they 

were in 1982. 

 Movements of price indexes from one month to another are usually expressed as percent changes rather than 

as changes in index points because index point changes are affected by the level of the index in relation to its 

base period, whereas percent changes are not. The example below shows the computation of index point and 

percent changes. 

 Index point change 

 Finished Goods Price Index 107.5 

 Less previous index 104.0 

 Equals index point change 3.5 

 Index percent change 

 Index point change 3.5 

 Divided by the previous index 104.0 

 Equals 0.034 

 Result multiplied by 100 0.034 x 100 

 Equals percent change 3.4 

 

 

Seasonally Adjusted and Unadjusted Data 

 Because price data are used for different purposes by different groups, the Bureau of Labor Statistics 

publishes seasonally adjusted and unadjusted changes each month. Seasonally adjusted data are preferred for 

analyzing general price trends in the economy because they eliminate the effect of changes that normally occur 

at about the same time and in about the same magnitude every year--such as price movements resulting from 

normal weather patterns, regular production and marketing cycles, model changeovers, seasonal discounts, and 

holidays. For these reasons, seasonally adjusted data more clearly reveal underlying cyclical trends. 

 Unadjusted data are of primary interest to users who need information that can be related to actual dollar 

values of transactions. Individuals requiring this information include marketing specialists, purchasing agents, 

budget and cost analysts, contract specialists, and commodity traders. It is the unadjusted data that are generally 

cited in escalating long-term contracts such as purchasing agreements or real estate leases. (See Escalation and 

Producer Price Indexes: A Guide for Contracting Parties, BLS Report 807, September 1991, available on 

request from BLS.) 

 For more information, see (1) "Appendix A: Seasonal Adjustment Methodology at BLS," in the BLS 

Handbook of Methods (April 1997), Bulletin 2490 and (2) "Summary of Changes to the PPI's Seasonal 

Adjustment Methodology" in the January 1995 issue of Producer Price Indexes. 
Table 1. Producer price indexes and percent changes by stage of processing 

(1982=100) 

_______________________________________________________________________________________________________________________________

 | | |Unadjusted | 

 | | | percent |Seasonally adjusted 

 | Relative | Unadjusted index |change to |percent change from: 

 Grouping |importance| |Dec. 2003 from:| 

 | |_______________________|_______________|__________________________

 | Dec. | | | | | | | | 

 | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to |Nov. to

 | 2002 1/|2003 2/|2003 2/|2003 2/| 2002 | 2003 | Oct. | Nov. | Dec. 

_________________________________________________|__________|_______|_______|_______|_______|_______|_______|_________|________

 | 

Finished goods...................................| 100.000 143.7 144.5 144.5 4.0 0 0.8 -0.3 0.3 

 Finished consumer goods........................| 73.339 145.9 146.5 146.6 5.0 .1 1.0 -.4 .4 

 Finished consumer foods......................| 20.672 146.3 150.2 150.3 7.7 .1 2.2 -.3 .2 

 Crude......................................| 1.333 128.2 137.0 150.8 33.8 10.1 -2.2 -.7 11.7 

 Processed..................................| 19.339 147.8 151.3 150.2 5.9 -.7 2.6 -.3 -.7 

 Finished consumer goods, excluding foods.....| 52.667 145.4 144.7 144.8 3.9 .1 .3 -.3 .5 

 Nondurable goods less foods................| 36.364 150.0 147.4 147.9 5.2 .3 .1 -.6 .8 

 Durable goods..............................| 16.303 131.8 135.1 134.4 1.2 -.5 1.1 0 -.3 

 Capital equipment..............................| 26.661 139.2 140.7 140.4 .9 -.2 .6 -.1 -.1 

 Manufacturing industries.....................| 7.839 139.9 140.3 140.4 .3 .1 .1 -.4 .1 

 Nonmanufacturing industries..................| 18.822 138.8 140.8 140.4 1.2 -.3 .7 -.1 -.1 

 | 

Intermediate materials, supplies, and components.| 100.000 134.1 134.0 134.5 3.9 .4 .4 -.2 .5 

 Materials and components for manufacturing.....| 46.896 129.8 130.7 131.0 3.0 .2 .5 .2 .2 

 Materials for food manufacturing.............| 2.918 135.5 142.0 140.9 11.0 -.8 3.8 .6 -.8 

 Materials for nondurable manufacturing.......| 14.707 137.5 137.4 138.1 5.1 .5 .7 .2 .5 

 Materials for durable manufacturing..........| 9.136 127.5 130.5 131.1 3.9 .5 .6 .8 .5 

 Components for manufacturing.................| 20.136 125.8 125.7 125.7 -.2 0 -.1 -.1 0 

 Materials and components for construction......| 12.772 153.7 155.6 155.6 3.0 0 .3 .5 0 

 Processed fuels and lubricants.................| 16.110 114.5 109.7 111.7 10.7 1.8 .5 -2.9 2.3 

 Manufacturing industries ....................| 6.430 118.1 115.2 115.8 11.8 .5 -.8 -2.3 .1 

 Nonmanufacturing industries..................| 9.680 112.3 106.3 109.2 10.1 2.7 1.5 -3.4 3.8 

 Containers.....................................| 3.248 153.6 153.5 153.4 .1 -.1 -.3 .2 -.1 

 Supplies.......................................| 20.974 141.2 142.6 142.7 2.2 .1 .1 .6 0 

 Manufacturing industries.....................| 4.589 146.8 146.8 146.9 1.4 .1 0 .1 .1 

 Nonmanufacturing industries..................| 16.385 138.6 140.4 140.5 2.5 .1 .2 .6 .1 

 Feeds......................................| 1.097 101.5 118.2 117.7 17.0 -.4 1.2 8.7 -.4 

 Other supplies.............................| 15.288 143.2 143.5 143.6 1.4 .1 .1 .1 .1 

 | 

Crude materials for further processing...........| 100.000 131.3 137.4 139.9 18.5 1.8 2.6 .2 2.0 

 Foodstuffs and feedstuffs......................| 38.685 111.5 126.1 124.6 24.0 -1.2 8.9 -.1 -.7 

 Nonfood materials..............................| 61.315 142.7 141.9 147.4 15.0 3.9 -1.5 .4 4.0 

 Nonfood materials except fuel 3/.............| 33.142 117.1 120.2 123.8 17.1 3.0 4.5 1.6 3.1 

 Manufacturing 3/...........................| 32.295 107.7 110.6 113.9 17.5 3.0 4.5 1.6 3.1 

 Construction...............................| 0.847 179.9 182.2 184.6 1.9 1.3 .8 .1 1.5 

 Crude fuel 4/................................| 28.173 171.2 163.8 172.1 12.5 5.1 -7.9 -1.2 5.1 

 Manufacturing industries...................| 2.540 163.0 156.3 163.9 12.1 4.9 -7.6 -1.2 4.9 

 Nonmanufacturing industries................| 25.633 175.1 167.4 176.0 12.5 5.1 -7.9 -1.2 5.1 

 | 

 Special groupings | 

 | 

Finished goods, excluding foods..................|5/ 79.328 142.7 142.8 142.8 3.0 0 .4 -.3 .3 

Intermediate materials less foods and feeds......|6/ 95.985 134.6 134.1 134.7 3.6 .4 .3 -.4 .5 

Intermediate foods and feeds.....................|6/ 4.015 125.0 134.8 133.9 12.7 -.7 3.1 2.7 -.7 

Crude materials less agricultural products 3/ 7/.|8/ 59.316 144.8 142.9 148.9 14.9 4.2 -2.0 .2 4.2 

 | 

Finished energy goods............................|5/ 14.951 104.7 100.3 101.1 11.5 .8 -.1 -1.2 1.8 

Finished goods less energy.......................|5/ 85.049 148.7 151.0 150.8 2.6 -.1 1.0 -.1 -.1 

Finished consumer goods less energy..............|5/ 58.388 152.8 155.5 155.3 3.4 -.1 1.2 -.1 0 

 | 

Finished goods less foods and energy.............|5/ 64.377 149.9 151.7 151.4 1.0 -.2 .5 -.1 -.1 

Finished consumer goods less foods and energy....|5/ 37.716 157.2 159.0 158.8 1.0 -.1 .6 0 -.1 

Consumer nondurable goods less foods and energy..|5/ 21.413 177.8 178.2 178.2 .8 0 .2 0 .1 

 | 

Intermediate energy goods........................|6/ 16.468 114.3 109.0 110.9 10.9 1.7 .6 -2.9 2.2 

Intermediate materials less energy...............|6/ 83.532 137.5 138.9 139.0 2.6 .1 .4 .4 .1 

Intermediate materials less foods and energy.....|6/ 79.517 138.4 139.2 139.5 2.1 .2 .3 .2 .1 

 | 

Crude energy materials 3/........................|8/ 41.909 139.7 133.6 139.3 12.3 4.3 -3.6 -1.5 4.3 

Crude materials less energy......................|8/ 58.093 121.7 135.5 135.8 22.9 .2 7.0 1.3 .6 

Crude nonfood materials less energy 4/...........|8/ 19.406 151.8 163.7 169.0 20.8 3.2 3.1 4.3 3.4 

 | 

_______________________________________________________________________________________________________________________________

 

 1/ Comprehensive relative importance figures are initially computed 4/ Excludes crude petroleum. 

 after the publication of December indexes and are recalculated 5/ Percent of total finished goods. 

 after final December indexes are available. 6/ Percent of total intermediate materials. 

 2/ The indexes for August 2003 have been recalculated to incorporate 7/ Formerly titled "Crude materials for 

 late reports and corrections by respondents. All indexes further processing, excluding crude 

 are subject to revision 4 months after original publication. foodstuffs and feedstuffs, plant and 

 3/ Includes crude petroleum. animal fibers, oilseeds, and leaf tobacco."

 8/ Percent of total crude materials. 
Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing 

(1982=100 unless otherwise indicated) 

____________________________________________________________________________________________________________________________________ 

 | | |Unadjusted | 

 | | | percent |Seasonally adjusted 

 | | Unadjusted index |change to |percent change from: 

 Commodity | | |Dec. 2003 from:| 

 code | Grouping |_______________________|_______________|________________________ 

 | | | | | | | | | 

 | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to|Nov. to 

 | |2003 1/|2003 1/|2003 1/| 2002 | 2003 | Oct. | Nov. | Dec. 

___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ 

 | | 

 |FINISHED GOODS.........................................| 143.7 144.5 144.5 4.0 0 0.8 -0.3 0.3 

 | FINISHED CONSUMER GOODS...............................| 145.9 146.5 146.6 5.0 .1 1.0 -.4 .4 

 | FINISHED CONSUMER FOODS..............................| 146.3 150.2 150.3 7.7 .1 2.2 -.3 .2 

 | | 

01-11 | Fresh fruits and melons 2/..........................| 85.9 92.3 98.6 28.9 6.8 7.5 3.8 6.8 

01-13 | Fresh and dry vegetables 2/.........................| 124.6 130.6 157.6 38.5 20.7 -9.1 -5.2 20.7 

01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 114.4 139.3 136.4 40.5 -2.1 4.3 -2.8 .6 

02-11 | Bakery products 2/..................................| 195.2 195.2 195.0 1.5 -.1 .1 -.2 -.1 

02-13 | Milled rice 2/......................................| 106.1 119.7 122.0 42.9 1.9 3.0 3.8 1.9 

02-14-02 | Pasta products (June 1985=100) 2/...................| 126.8 126.8 126.6 4.2 -.2 -.2 0 -.2 

02-21-01 | Beef and veal 2/....................................| 136.2 159.4 150.5 27.9 -5.6 18.3 -4.7 -5.6 

02-21-04 | Pork................................................| 117.4 113.8 113.6 7.0 -.2 4.2 -1.6 -2.3 

02-22-03 | Processed young chickens............................| 124.1 127.4 127.0 20.4 -.3 3.2 1.9 .2 

02-22-06 | Processed turkeys...................................| 89.8 100.8 101.6 8.0 .8 1.1 1.5 4.5 

02-23 | Finfish and shellfish...............................| 194.5 185.8 191.8 6.5 3.2 -2.9 -2.4 3.2 

02-3 | Dairy products......................................| 143.9 145.7 143.5 6.2 -1.5 .3 .5 -.8 

02-4 | Processed fruits and vegetables 2/..................| 133.5 133.5 133.4 -.1 -.1 .5 0 -.1 

02-55 | Confectionery end products 2/.......................| 184.2 185.3 185.6 5.1 .2 .5 .2 .2 

02-62 | Soft drinks.........................................| 152.3 153.7 152.6 .5 -.7 .3 .3 -.1 

02-63-01 | Roasted coffee 2/...................................| 127.8 127.9 128.0 5.2 .1 .2 0 .1 

02-78 | Shortening and cooking oils 2/......................| 156.6 172.8 180.7 16.9 4.6 9.3 .9 4.6 

 | | 

 | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 145.4 144.7 144.8 3.9 .1 .3 -.3 .5 

 | | 

02-61 | Alcoholic beverages.................................| 148.7 148.3 148.6 .2 .2 -.1 -.3 .1 

03-81-01 | Women's apparel 2/..................................| 124.0 122.3 122.7 -1.0 .3 .3 -.3 .3 

03-81-02 | Men's and boys' apparel 2/..........................| 127.5 127.5 126.5 -1.4 -.8 .6 0 -.8 

03-81-03 | Girls', children's, and infants' apparel 2/.........| 119.6 120.1 120.1 .7 0 0 -.1 0 

03-82 | Textile housefurnishings 2/.........................| 122.4 122.3 122.3 .1 0 0 .1 0 

04-3 | Footwear 2/.........................................| 147.9 148.0 147.9 1.0 -.1 .3 0 -.1 

05-41 | Residential electric power (Dec. 1990=100)..........| 124.1 118.6 118.7 4.9 .1 .8 .2 .5 

05-51 | Residential gas (Dec. 1990=100).....................| 170.0 170.1 171.7 20.2 .9 -1.8 -1.1 -.9 

05-71 | Gasoline............................................| 106.4 94.8 94.3 14.9 -.5 -3.0 -4.8 5.1 

05-73-02-01| Fuel oil No. 2......................................| 91.6 89.9 93.5 13.6 4.0 9.6 -1.6 6.4 

06-38 | Pharmaceutical preparations (June 2001=100) 2/......| 107.7 108.3 108.5 4.1 .2 .2 -.1 .2 

06-71 | Soaps and synthetic detergents 2/...................| 130.2 131.5 131.4 .7 -.1 -.2 .6 -.1 

06-75 | Cosmetics and other toilet preparations 2/..........| 140.4 140.6 140.6 .7 0 .1 0 0 

07-12 | Tires, tubes, tread, etc 2/.........................| 98.0 98.9 98.7 3.6 -.2 .6 0 -.2 

09-15-01 | Sanitary papers and health products 2/..............| 150.3 150.3 150.2 -.5 -.1 0 0 -.1 

09-31-01 | Newspaper circulation 2/............................| 229.8 232.4 232.3 2.2 0 1.0 0 0 

09-32-01 | Periodical circulation..............................| 219.7 220.1 219.7 3.5 -.2 .5 0 -.2 

09-33 | Book publishing.....................................| 244.3 245.7 248.3 4.2 1.1 .4 .1 1.1 

12-1 | Household furniture.................................| 158.2 158.4 158.3 .3 -.1 .1 0 .1 

12-3 | Floor coverings 2/..................................| 134.8 134.9 132.0 1.5 -2.1 .8 -.1 -2.1 

12-4 | Household appliances 2/.............................| 101.9 101.8 101.9 -1.7 .1 .4 -.3 .1 

12-5 | Home electronic equipment 2/........................| 67.5 67.2 67.2 -1.5 0 .3 .1 0 

12-62 | Household glassware.................................| 169.0 169.2 169.2 -.4 0 .5 .3 .1 

12-64 | Household flatware 2/...............................| 145.2 145.2 145.2 0 0 0 0 0 

12-66 | Lawn and garden equip., ex. tractors 2/.............| 132.9 134.0 134.0 .4 0 .3 1.3 0 

14-11-01 | Passenger cars......................................| 126.6 131.9 131.5 1.9 -.3 1.6 -.8 .2 

15-11 | Toys, games, and children's vehicles 2/.............| 125.1 124.5 124.5 -.3 0 -.5 0 0 

15-12 | Sporting and athletic goods 2/......................| 123.3 123.9 123.7 -.9 -.2 .2 .2 -.2 

15-2 | Tobacco products 2/.................................| 429.3 433.1 433.8 -.1 .2 .5 .1 .2 

15-5 | Mobile homes 2/.....................................| 169.7 173.1 172.3 3.5 -.5 .6 .4 -.5 

15-94-02 | Jewelry, platinum, & karat gold 2/..................| 132.1 133.3 133.8 2.8 .4 .4 .5 .4 

15-94-04 | Costume jewelry and novelties 2/....................| 145.4 145.4 145.4 .8 0 0 .4 0 

 | | 

 | CAPITAL EQUIPMENT.....................................| 139.2 140.7 140.4 .9 -.2 .6 -.1 -.1 

 | | 

11-1 | Agricultural machinery and equipment 2/.............| 161.8 161.8 161.8 1.3 0 1.1 -.1 0 

11-2 | Construction machinery and equipment................| 153.4 153.5 153.6 1.3 .1 .1 -.1 .3 

11-37 | Metal cutting machine tools 2/......................| 150.7 150.2 150.0 -.4 -.1 -1.4 1.2 -.1 

11-38 | Metal forming machine tools 2/......................| 167.7 167.9 167.9 .4 0 0 0 0 

11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 139.2 139.4 139.4 -.8 0 .1 -.2 0 

11-41 | Pumps, compressors, and equipment...................| 163.2 163.7 163.5 1.2 -.1 .6 -.1 0 

11-44 | Industrial material handling equipment 2/...........| 138.1 138.2 138.2 .7 0 .1 -.1 0 

11-51 | Electronic computers (Dec. 1998=100) 2/.............| 33.4 32.4 31.8 -17.2 -1.9 -1.8 -1.2 -1.9 

11-62 | Textile machinery 2/................................| 157.5 157.7 157.7 .3 0 -.1 -.2 0 

11-64 | Paper industries machinery (June 1982=100)..........| 170.3 170.3 170.3 .4 0 0 .1 .1 

11-65 | Printing trades machinery 2/........................| 143.3 143.3 143.1 -.7 -.1 .5 0 -.1 

11-74 | Transformers and power regulators 2/................| 132.3 132.1 132.1 -.2 0 -.1 -.1 0 

11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 104.9 105.1 105.1 -1.0 0 .6 -.4 0 

11-79-05 | X-ray and electromedical equipment 2/...............| 101.0 99.6 99.5 -1.0 -.1 -.6 -.1 -.1 

11-91 | Oil field and gas field machinery ..................| 140.1 140.7 141.0 3.7 .2 .1 .1 .2 

11-92 | Mining machinery and equipment 2/...................| 155.1 155.3 156.4 1.6 .7 .2 .1 .7 

11-93 | Office and store machines and equipment 2/..........| 112.2 113.2 113.2 .4 0 -.8 0 0 

12-2 | Commercial furniture 2/.............................| 162.5 163.0 163.2 1.0 .1 .2 -.1 .1 

14-11-05 | Light motor trucks..................................| 146.0 157.5 154.3 2.5 -2.0 3.4 1.0 -1.7 

14-11-06 | Heavy motor trucks 2/...............................| 154.2 154.5 154.9 -.2 .3 .5 -.4 .3 

14-14 | Truck trailers 2/...................................| 139.6 139.7 139.7 1.0 0 0 .1 0 

14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 183.7 184.4 184.7 6.1 .2 .1 -.1 .2 

14-31 | Ships (Dec. 1985=100) 2/............................| 158.2 159.1 159.1 4.1 0 -.2 .1 0 

14-4 | Railroad equipment 2/...............................| 136.5 137.6 137.7 2.4 .1 0 .5 .1 

 | | 

 |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 134.1 134.0 134.5 3.9 .4 .4 -.2 .5 

 | | 

 | INTERMEDIATE FOODS AND FEEDS..........................| 125.0 134.8 133.9 12.7 -.7 3.1 2.7 -.7 

 | | 

02-12-03 | Flour 2/............................................| 125.2 125.5 127.8 7.0 1.8 -3.0 5.3 1.8 

02-53 | Refined sugar and byproducts 2/.....................| 123.2 120.9 121.4 1.1 .4 1.7 -1.5 .4 

02-54 | Confectionery materials 2/..........................| 124.3 123.3 124.2 .2 .7 -2.8 1.4 .7 

02-72 | Crude vegetable oils 2/.............................| 142.6 145.2 142.7 25.8 -1.7 -11.5 18.1 -1.7 

02-9 | Prepared animal feeds 2/............................| 108.6 122.8 122.3 13.8 -.4 1.1 7.0 -.4 

 | | 

 | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 134.6 134.1 134.7 3.6 .4 .3 -.4 .5 

 | | 

03-1 | Synthetic fibers 2/.................................| 106.5 105.9 105.7 -.8 -.2 -.4 -.1 -.2 

03-2 | Processed yarns and threads 2/......................| 103.6 104.5 105.4 2.7 .9 -.1 1.1 .9 

03-3 | Gray fabrics 2/.....................................| 111.4 111.2 110.6 -1.9 -.5 1.4 -.4 -.5 

03-4 | Finished fabrics....................................| 121.1 121.2 120.9 -.4 -.2 -.2 .6 -.2 

03-83-03 | Industrial textile products 2/......................| 130.6 130.3 129.7 -1.1 -.5 -.4 -.1 -.5 

04-2 | Leather 2/..........................................| 212.0 218.3 218.6 4.5 .1 1.3 1.0 .1 

05-32 | Liquefied petroleum gas 2/..........................| 143.3 148.3 164.4 23.3 10.9 6.6 .7 10.9 

____________________________________________________________________________________________________________________________________ 

See footnotes at end of table. 
Table 2. Producer price indexes and percent changes for selected commodity groupings by stage of processing - Continued 

(1982=100 unless otherwise indicated) 

____________________________________________________________________________________________________________________________________ 

 | | |Unadjusted | 

 | | | percent |Seasonally adjusted 

 | | Unadjusted index |change to |percent change from: 

 Commodity | | |Dec. 2003 from:| 

 code | Grouping |_______________________|_______________|________________________ 

 | | | | | | | | | 

 | |Aug. |Nov. |Dec. | Dec. | Nov. |Sept.to|Oct. to|Nov. to 

 | |2003 1/|2003 1/|2003 1/| 2002 | 2003 | Oct. | Nov. | Dec. 

___________|_______________________________________________________|_______|_______|_______|_______|_______|_______|_______|________ 

 | | 

 | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | 

 | -Continued..........................................| 

05-42 | Commercial electric power...........................| 150.3 137.0 138.2 2.6 0.9 2.7 -4.0 1.4 

05-43 | Industrial electric power...........................| 151.3 144.4 142.8 2.3 -1.1 1.1 -.1 -1.1 

05-52 | Commercial natural gas (Dec. 1990=100)..............| 172.4 175.2 180.1 19.3 2.8 -3.1 -2.3 .7 

05-53 | Industrial natural gas (Dec. 1990=100)..............| 178.0 181.5 185.4 20.4 2.1 -3.2 -5.7 -.1 

05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 144.7 139.8 156.5 18.3 11.9 -6.2 -12.2 9.4 

05-72-03 | Jet fuels...........................................| 80.8 80.2 86.6 10.2 8.0 8.6 5.9 11.8 

05-73-03 | No. 2 Diesel fuel...................................| 96.6 95.9 97.9 12.8 2.1 18.4 -2.4 8.5 

05-74 | Residual fuel 2/....................................| 121.5 (3) 104.3 39.1 (3) -7.1 (3) (3) 

06-1 | Industrial chemicals 2/.............................| 140.5 140.7 143.4 8.3 1.9 .9 -.1 1.9 

06-21 | Prepared paint......................................| 171.8 172.3 172.6 2.9 .2 .2 .5 .3 

06-22 | Paint materials 2/..................................| 172.7 173.6 172.1 .5 -.9 -.1 .5 -.9 

06-31 | Medicinal and botanical chemicals 2/................| 135.1 138.6 136.4 2.9 -1.6 .1 2.5 -1.6 

06-4 | Fats and oils, inedible.............................| 110.6 152.8 148.8 26.9 -2.6 15.9 17.5 -7.1 

06-51 | Mixed fertilizers...................................| 119.7 120.7 121.1 6.1 .3 .7 .5 .5 

06-52-01 | Nitrogenates........................................| 145.5 151.1 156.8 36.5 3.8 1.4 -.6 1.5 

06-52-02 | Phosphates 2/.......................................| 110.5 110.5 112.7 12.6 2.0 -.3 .5 2.0 

06-53 | Other agricultural chemicals 2/.....................| 148.5 149.8 147.6 -1.1 -1.5 .7 .3 -1.5 

06-6 | Plastic resins and materials........................| 143.6 145.8 145.4 7.5 -.3 .9 .9 1.2 

07-11-02 | Synthetic rubber 2/.................................| 125.5 125.5 125.6 3.4 .1 .2 -2.1 .1 

07-21 | Plastic construction products ......................| 137.6 138.8 138.8 3.2 0 1.5 .7 .7 

07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 143.2 142.6 143.2 4.2 .4 -1.7 .8 .4 

07-26 | Plastic parts and components for manufacturing 2/...| 116.6 115.7 116.7 .7 .9 0 -.4 .9 

08-11 | Softwood lumber.....................................| 172.0 179.4 178.8 8.5 -.3 -1.9 1.3 .1 

08-12 | Hardwood lumber ....................................| 191.4 196.5 195.8 8.3 -.4 -.2 1.7 -.4 

08-2 | Millwork............................................| 182.2 183.7 183.6 2.2 -.1 .2 .4 0 

08-3 | Plywood 2/..........................................| 166.3 206.0 191.4 30.8 -7.1 5.4 1.0 -7.1 

09-11 | Woodpulp 2/.........................................| 122.6 125.4 125.3 6.3 -.1 1.9 1.7 -.1 

09-13 | Paper 2/............................................| 146.5 146.2 145.9 .3 -.2 -.4 .4 -.2 

09-14 | Paperboard 2/.......................................| 162.5 159.7 159.9 -4.0 .1 -.1 -.2 .1 

09-15-03 | Paper boxes and containers 2/.......................| 172.6 172.0 172.0 -1.3 0 -.6 .2 0 

09-2 | Building paper and board 2/.........................| 169.4 195.1 178.0 38.5 -8.8 4.2 -.1 -8.8 

09-37 | Commercial printing (June 1982=100) 2/..............| 158.5 158.6 158.4 .8 -.1 0 .1 -.1 

10-15 | Foundry and forge shop products.....................| 137.6 137.9 138.0 .7 .1 .1 .2 .1 

10-17 | Steel mill products.................................| 108.4 110.7 112.1 1.8 1.3 1.4 .8 1.7 

10-22 | Primary nonferrous metals 2/........................| 103.7 113.1 115.8 13.9 2.4 2.9 4.0 2.4 

10-25-01 | Aluminum mill shapes 2/.............................| 143.4 142.4 142.6 -.8 .1 -.1 .1 .1 

10-25-02 | Copper and brass mill shapes 2/.....................| 151.5 161.8 164.9 12.2 1.9 1.4 3.1 1.9 

10-26 | Nonferrous wire and cable 2/........................| 135.0 137.4 140.0 5.7 1.9 .1 1.4 1.9 

10-3 | Metal containers 2/.................................| 109.2 109.5 109.5 1.1 0 .2 .1 0 

10-4 | Hardware 2/.........................................| 156.7 156.3 156.9 .8 .4 .2 -.1 .4 

10-5 | Plumbing fixtures and brass fittings................| 183.9 183.6 183.6 .9 0 -.3 .4 -.1 

10-6 | Heating equipment 2/................................| 163.3 164.1 164.0 3.6 -.1 .1 .2 -.1 

10-7 | Fabricated structural metal products 2/.............| 145.3 145.6 146.4 .7 .5 .1 -.1 .5 

10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 131.7 132.3 133.1 2.6 .6 .2 -.4 .6 

10-89 | Other misc. metal products 2/.......................| 127.5 127.6 127.5 -.1 -.1 0 0 -.1 

11-45 | Mechanical power transmission equipment.............| 170.7 171.6 172.0 .9 .2 .2 .3 .1 

11-48 | Air conditioning and refrigeration equipment 2/.....| 136.8 137.1 137.4 .3 .2 .4 -.1 .2 

11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100)........| 169.7 170.2 170.0 1.1 -.1 -.1 .2 -.1 

11-49-05 | Ball and roller bearings............................| 171.3 170.9 170.9 .1 0 -.2 0 -.1 

11-71 | Wiring devices 2/...................................| 153.2 152.6 151.7 -.5 -.6 .1 -.2 -.6 

11-73 | Motors, generators, motor generator sets............| 147.3 147.2 147.4 .1 .1 -.1 0 0 

11-75 | Switchgear, switchboard, etc., equipment 2/.........| 159.8 160.1 159.8 -.2 -.2 .4 .3 -.2 

11-78 | Electronic components and accessories 2/............| 90.6 90.4 90.0 -1.6 -.4 -.4 -.2 -.4 

11-94 | Internal combustion engines.........................| 145.6 145.2 145.2 .9 0 -.1 -.3 0 

11-95 | Machine shop products 2/............................| 140.6 141.2 141.2 .6 0 .4 .1 0 

13-11 | Flat glass 2/.......................................| 110.9 110.4 110.2 -1.3 -.2 -.5 .3 -.2 

13-22 | Cement..............................................| 152.1 151.4 151.2 -.9 -.1 0 .1 -.1 

13-3 | Concrete products...................................| 153.6 153.8 154.7 1.4 .6 .1 .5 .6 

13-6 | Asphalt felts and coatings..........................| 118.0 117.6 116.4 6.3 -1.0 -.4 1.6 -.8 

13-7 | Gypsum products 2/..................................| 169.3 175.2 177.2 3.1 1.1 -3.4 1.9 1.1 

13-8 | Glass containers 2/.................................| 141.0 140.9 140.9 3.3 0 -.1 .1 0 

14-12 | Motor vehicle parts 2/..............................| 111.7 111.3 111.3 -1.1 0 -.2 -.2 0 

14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 153.4 154.1 154.0 5.7 -.1 0 .3 0 

14-25 | Aircraft parts & aux.equip.,nec (June 1985=100).....| 150.6 149.3 149.4 -1.1 .1 0 -.1 .2 

15-42 | Photographic supplies 2/............................| 116.4 116.4 116.4 -1.5 0 -1.9 0 0 

15-6 | Medical/surgical/personal aid devices 2/............| 154.8 155.6 155.6 2.3 0 .6 0 0 

 | | 

 | CRUDE MATERIALS FOR FURTHER PROCESSING................| 131.3 137.4 139.9 18.5 1.8 2.6 .2 2.0 

 | | 

 | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 111.5 126.1 124.6 24.0 -1.2 8.9 -.1 -.7 

 | | 

01-21 | Wheat 2/............................................| 98.3 107.6 110.6 4.0 2.8 -3.0 15.9 2.8 

01-22-02-05| Corn................................................| 88.8 92.1 98.0 6.8 6.4 -12.2 7.9 5.4 

01-31 | Slaughter cattle 2/.................................| 117.1 146.8 141.6 35.4 -3.5 20.4 -6.6 -3.5 

01-32 | Slaughter hogs......................................| 73.0 62.5 60.6 20.7 -3.0 -3.8 10.6 -6.8 

01-41-02 | Slaughter broilers/fryers...........................| 153.8 153.6 162.1 35.4 5.5 5.5 -1.9 9.3 

01-42 | Slaughter turkeys...................................| 91.6 118.5 110.8 .1 -6.5 3.7 4.0 4.2 

01-6 | Fluid milk..........................................| 99.0 111.7 102.5 15.3 -8.2 9.3 5.4 -8.2 

01-83-01-31| Soybeans 2/.........................................| 96.6 131.3 134.2 40.7 2.2 19.4 5.0 2.2 

02-52-01-01| Cane sugar,raw 2/...................................| 114.1 112.1 109.6 -6.5 -2.2 -.7 .4 -2.2 

 

 | | 

 | CRUDE NONFOOD MATERIALS..............................| 142.7 141.9 147.4 15.0 3.9 -1.5 .4 4.0 

 | | 

01-51-01-01| Raw cotton 2/.......................................| 85.0 118.6 106.6 37.5 -10.1 23.5 6.9 -10.1 

01-92-01-01| Leaf tobacco 2/.....................................| 106.7 116.4 116.1 -.3 -.3 1.1 4.8 -.3 

04-19 | Hides and skins (June 2001=100) 2/..................| 84.6 85.6 87.7 2.5 2.5 1.5 -2.5 2.5 

05-1 | Coal 2/.............................................| 99.0 100.5 100.9 3.0 .4 .8 -.6 .4 

05-31 | Natural gas 2/......................................| 195.4 184.8 196.1 14.6 6.1 -9.4 -1.3 6.1 

05-61 | Crude petroleum 2/..................................| 83.8 79.8 81.9 12.3 2.6 6.8 -2.3 2.6 

08-5 | Logs, timber, etc...................................| 181.3 185.7 188.4 4.0 1.5 1.7 -.3 1.6 

09-12 | Wastepaper 2/.......................................| 195.7 204.3 203.9 8.5 -.2 1.7 1.3 -.2 

10-11 | Iron ore 2/.........................................| 96.5 96.5 96.5 1.6 0 0 0 0 

10-12 | Iron and steel scrap................................| 183.2 210.2 231.7 62.5 10.2 4.7 13.8 10.3 

10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 78.9 83.5 87.8 26.1 5.1 1.0 2.7 5.1 

10-23-01 | Copper base scrap 2/................................| 126.6 142.0 151.6 29.8 6.8 2.7 7.6 6.8 

10-23-02 | Aluminum base scrap.................................| 166.9 175.1 177.7 11.2 1.5 4.4 2.5 .6 

13-21 | Construction sand, gravel, and crushed stone........| 177.4 178.2 178.3 2.5 .1 .3 .3 .2 

____________________________________________________________________________________________________________________________________ 

 

1/ The indexes for August 2003 have been recalculated to incorporate late 2/ Not seasonally adjusted. 

 reports and corrections by respondents. All indexes are subject to 3/ Not available. 

 revision 4 months after original publication. 
Table 3. Producer price indexes for selected commodity groupings 

(1982=100 unless otherwise indicated) 

_______________________________________________________________________________________________ 

 | | | 

 | | Unadjusted index 1/ | 

Commodity| |___________________________________| 

 code | Grouping | Aug. 2003 | Nov. 2003 | Dec. 2003 | 

_________|________________________________________________|___________|___________|___________| 

 | | | | | 

 | Finished Goods (1967=100)......................| 403.1 | 405.4 | 405.6 | 

 | All commodities................................| 138.0 | 138.9 | 139.4 | 

 | | | | | 

 | | | | | 

 | MAJOR COMMODITY GROUPS | | | | 

 | | | | | 

 | Farm products and processed foods and feeds....| 132.1 | 140.3 | 139.8 | 

01 | Farm products................................| 109.0 | 124.0 | 124.2 | 

02 | Processed foods and feeds....................| 143.6 | 148.3 | 147.3 | 

 | | | | | 

 | Industrial commodities.........................| 139.1 | 138.7 | 139.4 | 

03 | Textile products and apparel.................| 119.9 | 119.7 | 119.5 | 

04 | Hides, skins, leather, and related products..| 161.9 | 163.9 | 164.6 | 

05 | Fuels and related products and power.........| 113.7 | 108.5 | 110.6 | 

06 | Chemicals and allied products 2/.............| 161.2 | 162.2 | 163.3 | 

07 | Rubber and plastic products..................| 130.5 | 130.3 | 130.8 | 

08 | Lumber and wood products.....................| 177.8 | 185.2 | 184.0 | 

09 | Pulp, paper, and allied products.............| 190.4 | 191.1 | 190.9 | 

10 | Metals and metal products....................| 129.0 | 131.2 | 132.8 | 

11 | Machinery and equipment......................| 121.8 | 121.7 | 121.6 | 

12 | Furniture and household durables.............| 133.9 | 134.0 | 133.8 | 

13 | Nonmetallic mineral products.................| 148.3 | 148.6 | 148.8 | 

14 | Transportation equipment.....................| 144.6 | 147.8 | 147.2 | 

15 | Miscellaneous products.......................| 179.3 | 180.7 | 180.7 | 

 | | | | | 

 | Industrial commodities less fuels and related | | | | 

 | products and power...........................| 144.8 | 146.1 | 146.2 | 

 | | | | | 

 | | | | | 

 | OTHER COMMODITY GROUPINGS | | | | 

 | | | | | 

01-1 | Fruits and melons, fresh and dry vegetables, | | | | 

 | and tree nuts................................| 109.1 | 116.0 | 130.8 | 

01-2 | Grains.........................................| 91.7 | 96.6 | 101.3 | 

01-3 | Slaughter livestock............................| 105.8 | 124.4 | 120.2 | 

01-4 | Slaughter poultry..............................| 139.4 | 144.5 | 149.7 | 

01-5 | Plant and animal fibers........................| 86.1 | 119.4 | 107.5 | 

01-7 | Chicken eggs...................................| 146.7 | 182.9 | 173.4 | 

01-8 | Hay, hayseeds, and oilseeds....................| 119.2 | 149.3 | 152.5 | 

01-83 | Oilseeds.......................................| 106.7 | 141.3 | 144.9 | 

01-9 | Other farm products............................| 159.1 | 173.6 | 173.1 | 

02-1 | Cereal and bakery products.....................| 171.0 | 171.8 | 172.5 | 

02-2 | Meats, poultry, and fish.......................| 131.3 | 139.9 | 137.0 | 

02-22 | Processed poultry..............................| 118.3 | 121.9 | 122.5 | 

02-5 | Sugar and confectionery........................| 149.1 | 148.9 | 149.1 | 

02-6 | Beverages and beverage materials...............| 149.8 | 150.0 | 149.8 | 

02-63 | Packaged beverage materials....................| 129.2 | 129.1 | 129.3 | 

02-7 | Fats and oils..................................| 152.5 | 172.3 | 175.0 | 

03-81 | Apparel........................................| 125.7 | 125.0 | 124.8 | 

04-4 | Other leather and related products.............| 148.7 | 148.5 | 148.6 | 

05-3 | Gas fuels......................................| 180.2 | 173.3 | 185.5 | 

05-4 | Electric power.................................| 148.0 | 139.2 | 139.3 | 

05-7 | Refined petroleum products.....................| 100.0 | 91.8 | 92.7 | 

06-3 | Drugs and pharmaceuticals......................| 275.4 | 277.2 | 277.0 | 

06-5 | Agricultural chemicals and products............| 135.2 | 136.9 | 137.7 | 

06-7 | Other chemicals and allied products............| 141.3 | 141.8 | 142.1 | 

07-1 | Rubber and rubber products.....................| 119.3 | 119.7 | 119.6 | 

07-11 | Rubber, except natural rubber..................| 124.9 | 124.8 | 125.0 | 

07-13 | Miscellaneous rubber products..................| 141.0 | 141.2 | 141.1 | 

07-2 | Plastic products...............................| 138.9 | 138.6 | 139.2 | 

08-1 | Lumber.........................................| 176.0 | 182.4 | 181.8 | 

09-1 | Pulp, paper, and products, excluding building | | | | 

 | paper and board..............................| 157.2 | 157.1 | 157.0 | 

09-15 | Converted paper and paperboard products........| 165.3 | 165.2 | 165.1 | 

10-1 | Iron and steel.................................| 120.8 | 125.0 | 128.1 | 

10-2 | Nonferrous metals..............................| 123.5 | 127.9 | 130.4 | 

10-25 | Nonferrous mill shapes.........................| 136.9 | 138.2 | 138.9 | 

11-3 | Metalworking machinery and equipment...........| 150.2 | 150.5 | 150.4 | 

11-4 | General purpose machinery and equipment........| 155.6 | 155.8 | 155.9 | 

11-6 | Special industry machinery.....................| 167.2 | 167.4 | 167.9 | 

11-7 | Electrical machinery and equipment.............| 114.4 | 114.3 | 114.1 | 

11-9 | Miscellaneous machinery and equipment..........| 137.5 | 138.1 | 138.5 | 

12-6 | Other household durable goods..................| 158.5 | 158.8 | 158.8 | 

13-2 | Concrete ingredients...........................| 165.1 | 165.3 | 165.3 | 

14-1 | Motor vehicles and equipment...................| 127.7 | 131.9 | 131.0 | 

15-1 | Toys, sporting goods, small arms, etc..........| 132.1 | 132.4 | 132.4 | 

15-4 | Photographic equipment and supplies............| 103.6 | 103.5 | 103.5 | 

15-9 | Other miscellaneous products...................| 140.4 | 141.9 | 142.2 | 

__________________________________________________________|___________|___________|___________| 

 

1/ Data for August 2003 have been revised to reflect the availability of late reports and 

 corrections by respondents. All data are subject to revision 4 months after original 

 publication. 

 

2/ Prices of some items in this grouping are lagged 1 month. 
Table 4. Producer price indexes for the net output of major industry groups, not seasonally adjusted 

__________________________________________________________________________________________________________________ 

 | | | Index | Percent change 

 Industry | Industry 1/ |Index|_______________________|to_Dec._2003_from: 

 code | |base | | | | | 

 | | |Aug. |Nov. |Dec. | Dec. | Nov. 

 | | |2003 2/|2003 2/|2003 2/| 2002 | 2003 

__________________|______________________________________________|_____|_______|_______|_______|________|_________ 

 | | | 

 |Total mining industries...................... |12/84| 125.5 122.1 127.2 11.8 4.2 

 10 | Metal mining................................ |12/84| 82.1 86.0 89.4 20.0 4.0 

 12 | Coal mining................................. |12/85| 94.1 94.8 95.6 2.7 .8 

 13 | Oil and gas extraction...................... |12/85| 151.1 145.1 152.6 14.0 5.2 

 14 | Mining and quarrying of non-metallic | | 

 | minerals, except fuels..................... |12/84| 146.8 147.4 147.2 2.1 -.1 

 | | | 

 |Total manufacturing industries............... |12/84| 137.0 137.7 137.7 2.8 0 

 20 | Food and kindred products................... |12/84| 137.8 141.6 140.9 6.3 -.5 

 21 | Tobacco manufactures........................ |12/84| 376.0 379.2 379.6 -.2 .1 

 22 | Textile mill products....................... |12/84| 116.2 116.2 115.2 -.8 -.9 

 23 | Apparel and other finished products made | | 

 | from fabrics and similar materials......... |12/84| 124.7 124.9 124.9 .1 0 

 24 | Lumber and wood products, except furniture.. |12/84| 161.0 168.0 165.7 7.5 -1.4 

 25 | Furniture and fixtures...................... |12/84| 147.5 147.8 147.8 .7 0 

 26 | Paper and allied products................... |12/84| 144.9 144.6 144.5 -.3 -.1 

 27 | Printing, publishing, and allied industries. |12/84| 197.8 198.2 198.5 2.3 .2 

 28 | Chemicals and allied products............... |12/84| 164.2 165.1 165.4 3.8 .2 

 29 | Petroleum refining and related products..... |12/84| 124.0 115.8 117.4 14.6 1.4 

 30 | Rubber and miscellaneous plastic products... |12/84| 128.7 128.4 128.8 2.4 .3 

 31 | Leather and leather products................ |12/84| 142.8 143.7 143.6 .8 -.1 

 32 | Stone, clay, glass, and concrete products... |12/84| 138.0 138.4 138.6 .9 .1 

 33 | Primary metal industries.................... |12/84| 117.8 119.9 121.1 2.5 1.0 

 34 | Fabricated metal products, except machinery | | 

 | and transportation equipment............... |12/84| 132.9 133.1 133.5 1.0 .3 

 35 | Machinery, except electrical................ |12/84| 115.9 115.8 115.7 -.7 -.1 

 36 | Electrical and electronic machinery, | | 

 | equipment, and supplies.................... |12/84| 102.4 102.1 101.9 -2.3 -.2 

 37 | Transportation equipment.................... |12/84| 137.1 140.9 140.2 1.9 -.5 

 38 | Measuring and controlling instruments; | | 

 | photographic, medical, optical goods; | | 

 | watches, clocks............................ |12/84| 130.0 129.9 129.8 .8 -.1 

 39 | Miscellaneous manufacturing industries...... |12/85| 133.8 134.0 134.2 .3 .1 

 | | | 

 |Services industries | | 

 40 | Railroad transportation..................... |12/96| 109.1 109.7 109.5 2.2 -0.2 

 42 | Motor freight transportation and warehousing |06/93| 128.4 128.8 128.8 2.3 0 

 43 | United States Postal Service................ |06/89| 155.0 155.0 155.0 0 0 

 44 | Water transportation........................ |12/92| 151.1 149.2 148.9 4.7 -.2 

 45 | Transportation by air....................... |12/92| 163.1 163.6 164.0 2.6 .2 

 46 | Pipelines, except natural gas............... |12/86| 112.0 112.0 112.0 .2 0 

 48 | Communications.............................. |06/01| 97.5 97.4 97.0 -.4 -.4 

 54 | Food stores................................. |12/99| 119.6 118.6 119.0 3.8 .3 

 55 | Automotive dealers and gasoline service | | 

 | stations................................... |12/01| 92.2 91.6 89.0 3.4 -2.8 

 59 | Miscellaneous retail........................ |06/00| 106.4 105.4 103.5 -1.4 -1.8 

 80 | Health services............................. |12/94| 124.8 125.9 126.0 3.8 .1 

 81 | Legal services.............................. |12/96| 125.4 126.4 126.7 3.0 .2 

__________________________________________________________________________________________________________________ 

1/ Indexes in this table are derived from the net-output-weighted industry price indexes. Because of differences 

 in coverage and aggregation methodology, they will generally not match movements of similarly titled indexes 

 which are derived from traditional commodity groupings. 

2/ The indexes for August 2003 have been recalculated to incorporate late reports and corrections by respondents. 

 All indexes are subject to revision 4 months after original publication. 

3/ Not available. 

 

 Note: NAICS 2002 replaces the SIC classification system beginning with the release of PPI data for January 2004. 

 See http://www.bls.gov/ppi/ppinaics.htm for details. 
Table 5. Producer price indexes by stage of processing, seasonally adjusted 

(1982=100) 

_____________________________________________________________________________________________________________ 

 | 

 | Index 1/ 

 |_____________________________________________________ 

 Grouping | | | | | | 

 | July | Aug. | Sep. | Oct. | Nov. | Dec. 

 | 2003 | 2003 | 2003 | 2003 | 2003 | 2003 

_______________________________________________________|________|________|________|________|________|________ 

 | 

 Finished goods...................................| 142.7 143.5 143.8 144.9 144.5 144.9 

 Finished consumer goods........................| 144.6 145.5 145.8 147.2 146.6 147.2 

 Finished consumer foods......................| 144.6 145.9 147.4 150.7 150.2 150.5 

 Crude......................................| 124.0 130.6 137.3 134.3 133.3 148.9 

 Processed..................................| 146.3 147.1 148.2 152.0 151.6 150.5 

 Finished consumer goods, excluding foods.....| 144.3 145.1 144.9 145.4 144.9 145.6 

 Nondurable goods less foods................| 148.0 149.0 148.8 149.0 148.1 149.3 

 Durable goods..............................| 132.6 132.8 132.6 134.1 134.1 133.7 

 Capital equipment..............................| 139.3 139.7 139.7 140.5 140.3 140.1 

 Manufacturing industries.....................| 139.8 140.0 140.6 140.8 140.2 140.3 

 Nonmanufacturing industries..................| 139.0 139.5 139.3 140.3 140.2 140.0 

 | 

 Intermediate materials, supplies, and components.| 133.3 134.1 133.8 134.3 134.0 134.7 

 Materials and components for manufacturing.....| 129.1 129.8 129.8 130.5 130.8 131.1 

 Materials for food manufacturing.............| 132.7 134.8 136.4 141.6 142.4 141.2 

 Materials for nondurable manufacturing.......| 136.2 137.6 136.4 137.3 137.6 138.3 

 Materials for durable manufacturing..........| 126.9 127.3 128.8 129.6 130.7 131.3 

 Components for manufacturing.................| 125.8 125.9 125.9 125.8 125.7 125.7 

 Materials and components for construction......| 153.2 153.4 154.9 155.3 156.0 156.0 

 Processed fuels and lubricants.................| 112.3 114.7 112.0 112.6 109.3 111.8 

 Manufacturing industries ....................| 117.6 119.5 117.9 117.0 114.3 114.4 

 Nonmanufacturing industries..................| 108.9 111.7 108.3 109.9 106.2 110.2 

 Containers.....................................| 153.8 153.6 153.6 153.2 153.5 153.4 

 Supplies.......................................| 141.4 141.2 141.7 141.8 142.7 142.7 

 Manufacturing industries.....................| 146.8 146.7 146.6 146.6 146.8 146.9 

 Nonmanufacturing industries..................| 138.9 138.6 139.2 139.5 140.4 140.5 

 Feeds......................................| 104.4 101.5 107.4 108.7 118.2 117.7 

 Other supplies.............................| 143.2 143.2 143.3 143.4 143.5 143.6 

 | 

 Crude materials for further processing...........| 131.7 130.2 134.7 138.2 138.5 141.3 

 Foodstuffs and feedstuffs......................| 105.9 109.5 117.2 127.6 127.5 126.6 

 Nonfood materials..............................| 147.9 142.4 144.2 142.0 142.5 148.2 

 Nonfood materials except fuel 2/.............| 114.5 116.7 114.2 119.3 121.2 125.0 

 Manufacturing 2/...........................| 105.3 107.3 105.0 109.7 111.5 115.0 

 Construction...............................| 177.7 179.9 181.4 182.9 183.0 185.7 

 Crude fuel 3/................................| 189.1 171.2 180.1 165.8 163.8 172.1 

 Manufacturing industries...................| 179.5 163.0 171.3 158.2 156.3 163.9 

 Nonmanufacturing industries................| 193.5 175.1 184.1 169.5 167.4 176.0 

 | 

 Special groupings | 

 | 

 Finished goods, excluding foods..................| 142.0 142.7 142.6 143.2 142.8 143.2 

 Intermediate materials less foods and feeds......| 133.9 134.6 134.2 134.6 134.1 134.8 

 Intermediate foods and feeds.....................| 124.0 124.5 127.5 131.5 135.1 134.1 

 Crude materials less agricultural products 2/....| 150.1 144.5 146.2 143.3 143.6 149.7 

 | 

 Finished energy goods............................| 101.5 103.1 102.8 102.7 101.5 103.3 

 Finished goods less energy.......................| 148.5 149.0 149.4 150.9 150.7 150.6 

 Finished consumer goods less energy..............| 152.5 153.0 153.6 155.4 155.2 155.2 

 | 

 Finished goods less foods and energy.............| 150.2 150.5 150.5 151.3 151.2 151.0 

 Finished consumer goods less foods and energy....| 157.6 157.7 157.7 158.6 158.6 158.4 

 Consumer nondurable goods less foods and energy..| 177.8 177.9 177.9 178.2 178.2 178.3 

 | 

 Intermediate energy goods........................| 111.6 114.5 111.1 111.8 108.6 111.0 

 Intermediate materials less energy...............| 137.3 137.4 138.0 138.5 139.0 139.2 

 Intermediate materials less foods and energy.....| 138.2 138.3 138.7 139.1 139.4 139.6 

 | 

 Crude energy materials 2/........................| 148.7 139.7 140.7 135.7 133.6 139.3 

 Crude materials less energy......................| 116.5 120.0 126.6 135.4 137.2 138.0 

 Crude nonfood materials less energy 3/...........| 147.8 150.8 154.5 159.3 166.1 171.7 

_____________________________________________________________________________________________________________ 

 

 1/ All seasonally adjusted indexes are subject to change up to 5 years after original publication due to 

 the recalculation of seasonal factors each January. The indexes for August 2003 have been recalculated 

 to incorporate late reports and corrections by respondents. 

 2/ Includes crude petroleum. 

 3/ Excludes crude petroleum.