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Department 

of Labor 

Bureau of Labor Statistics Washington, D.C. 20212 

FOR DATA ONLY: (202) 691-5200 USDL 04-732 

FOR TECHNICAL INFORMATION: TRANSMISSION OF MATERIAL IN 

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http://www.bls.gov/ppi APRIL 22, 2004

Producer Price Indexes -- March 2004

The Producer Price Index for Finished Goods advanced 0.5 percent in March, seasonally adjusted, the 

Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.1-

percent gain in February and a 0.6-percent rise in January. At the earlier stages of processing, prices for both 

intermediate goods and crude goods moved up 0.7 percent in March, after increasing 0.9 and 2.5 percent, 

respectively, in the prior month. (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 

2003

Mar. 1.3 0.3 4.8 0.6 4.0 2.1 13.2

Apr. -1.5 .8 -7.2 -.5 2.4 -2.3 -15.8

May -.4 .1 -3.1 .1 2.5 -.7 1.5

June .6 .4 2.9 0 2.9 .6 4.3

July .1 -.3 .5 .1 3.0 .2 -2.8

Aug. .5 .8 1.4 .1 3.5 .6 -1.0

Sept. .2 1.2 -.1 0 3.5 -.1 2.7

Oct. .6 2.0 -.4 .5 3.4 .3 2.8

Nov. -.1 r -.3 r -.7 0 3.4 r 0 r 0 

Dec. .2 r .2 r 1.5 -.1 4.0 .4 r 2.5 

2004

Jan. .6 -1.4 4.7 .3 3.3 .8 2.8

Feb. .1 .2 .2 .1 2.1 .9 2.5

Mar. .5 1.5 .6 .2 1.4 .7 .7

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

previously reported because data for November 2003 have been revised to reflect the availability of 

late reports and corrections by respondents. 
-2- 

 More than half of the acceleration in finished goods prices was due to the finished consumer foods 

index, which advanced 1.5 percent after edging up 0.2 percent in February. The index for finished goods other 

than foods and energy increased 0.2 percent, following a 0.1-percent gain in February. Prices for finished 

energy goods climbed 0.6 percent in March, after rising 0.2 percent in February. 

 During the first quarter of 2004, prices for finished goods advanced at a seasonally adjusted annual rate 

of 5.1 percent, after rising at a 2.8-percent rate during the final three months of 2003. Excluding prices for 

foods and energy, the finished goods index increased at a 2.1-percent seasonally adjusted annual rate for the 

three months ended March 2004, following a 1.3-percent rate of increase in the last quarter of 2003. Among 

prices for raw and partially processed goods, the seasonally adjusted annual rate of increase for intermediate 

goods prices accelerated from 2.7 percent to 10.1 percent from the final quarter of 2003 to the first quarter of 

2004. The crude goods index moved up at a 26.3-percent seasonally adjusted annual rate during the first quarter 

of 2004, after advancing at a 23.6-percent rate in the last three months of 2003. (See summary below.) 

 Before seasonal adjustment, the finished goods index increased 0.6 percent to 146.2 (1982=100). From 

March 2003 to March 2004, prices for finished goods climbed 1.4 percent. During the same period, the finished 

consumer foods index jumped 5.3 percent and prices for finished goods other than foods and energy rose 0.7 

percent. By contrast, the index for finished energy goods declined 0.4 percent for the 12 months ended March 

2004. At the earlier stages of processing, intermediate goods prices advanced 1.2 percent and the crude goods 

index fell 1.6 percent. 

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 

June 

2003 

Sept. 

2003 

Dec. 

2003 

Mar. 

2004 

Finished goods -1.6 1.2 4.0 -5.2 3.1 2.8 5.1

 Finished consumer foods 1.8 -.6 7.7 5.4 6.8 8.1 1.1

 Finished energy goods -17.1 12.3 11.5 -26.8 7.3 1.6 23.5

 Finished goods less foods and energy .9 -.5 1.0 -1.8 1.1 1.3 2.1

 Finished consumer goods, excluding 

 foods and energy 1.5 -.5 1.0 -2.0 .8 1.3 2.3

 Capital equipment 0 -.6 .9 -1.7 1.2 1.4 2.3

Intermediate materials, supplies, and 

 components -4.0 3.2 3.9 -9.3 2.7 2.7 10.1

 Intermediate foods and feeds .3 4.2 12.7 13.1 8.6 20.9 8.6

 Intermediate energy goods -16.9 12.0 10.9 -40.0 7.9 -.7 16.3

 Intermediate materials less foods and energy -1.6 1.5 2.1 -.6 .9 2.6 8.9

 Materials for nondurable manufacturing -5.5 4.2 5.1 -7.5 -2.3 5.4 9.9

 Materials for durable manufacturing -4.0 3.1 3.9 -.6 5.8 8.7 29.7

 Materials and components for construction 0 .8 3.0 1.1 5.9 2.6 12.9

Crude materials for further processing -32.5 24.7 18.5 -37.0 -4.6 23.6 26.3

 Foodstuffs and feedstuffs -7.6 4.5 24.0 10.2 37.0 36.4 13.9

 Crude energy materials -52.9 61.5 12.3 -62.9 -38.7 3.2 24.3

 Crude nonfood materials less energy -9.9 12.6 20.8 -4.5 29.4 46.2 57.2

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

 The finished consumer foods index rose 1.5 percent in March, following a 0.2-percent increase in the 

previous month. Fresh and dry vegetable prices advanced 13.0 percent, subsequent to a 7.8-percent decline in 

February. The indexes for beef and veal, finfish and shellfish, and shortening and cooking oils also turned up, 

after falling a month earlier. Prices for dairy products rose more rapidly in March than they did in February, 

while the index for fresh fruits and melons fell at a slower rate over the same period. Conversely, processed 

young chicken prices climbed 1.5 percent in March, following a 7.3-percent gain in the prior month. The 

indexes for pork, eggs for fresh use, and processed turkeys also rose less quickly from February to March. Soft 

drink prices decreased at a faster rate during the same period. The index for finished consumer foods increased 

at a 1.1-percent seasonally adjusted annual rate in the first quarter of 2004, after advancing at an 8.1-percent 

rate in the last three months of 2003. 

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.) 

2003 

Mar. -0.2 10.0 0.3 8.0 -1.3 30.1 -0.2 46.8

Apr. .2 -10.9 -.2 4.6 1.4 -30.7 -1.2 18.2

May 1.2 -4.2 .1 4.2 1.9 1.9 -.1 19.1

June 1.8 3.1 0 4.5 -.8 10.5 .2 29.1

July -.9 1.5 -.1 4.4 -2.5 -4.8 1.9 24.2

Aug. .2 2.4 .1 4.4 3.7 -6.1 2.0 20.8

Sept. 2.7 -2.0 .2 3.7 7.0 -1.1 2.7 21.5

Oct. 2.7 -.2 .3 3.4 8.5 -2.8 3.0 22.6

Nov. 2.6 r -1.3 r .1 r 3.4 r -.6 r -1.3 r 4.3 r 18.0

Dec. -.5 r 1.4 r .2 3.9 r .2 r 5.1 r 2.3 18.5

2004 

Jan. -1.0 2.7 .6 3.8 -6.9 12.5 3.3 13.7

Feb. .2 .6 .9 2.7 3.6 0 5.5 10.7

Mar. 2.9 .5 .6 1.2 7.1 -6.1 2.7 -1.6

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

because data for November 2003 have been revised to reflect the availability of late reports and corrections by 

respondents. 
-4- 

 Prices for finished consumer goods other than foods and energy moved up 0.3 percent in March, after 

showing no change in the previous month. The light motor trucks index rose 0.8 percent, compared with a 1.9-

percent decrease in February. Prices for pharmaceutical preparations and men’s and boys’ apparel also turned 

up in March, while the indexes for pet food and passenger cars increased more quickly than they did in 

February. On the other hand, prices for sanitary paper products decreased 2.6 percent in March, after inching 

up 0.1 percent a month earlier. The index for tires, tubes, and tread showed no change, following a rise in 

February. Cigarette prices fell, after showing no change in the previous month. The indexes for alcoholic 

beverages and household furniture rose less in March than they did in the prior month. Prices for finished 

consumer goods excluding foods and energy advanced at a 2.3-percent seasonally adjusted annual rate in the 

first quarter of 2004, after increasing at a 1.3-percent rate in the last quarter of 2003. 

The capital equipment index rose 0.3 percent in March, after showing no change in the prior month. 

Prices for light motor trucks advanced 0.8 percent, following a 1.9-percent drop in the previous month. The 

commercial furniture index increased in March, compared with no change a month earlier. Prices rose faster for 

truck trailers, agricultural machinery and equipment, and civilian aircraft in March than in February. The index 

for communication and related equipment was unchanged, following a 0.2-percent decrease in the prior month. 

Alternatively, the index for integrating and measuring instruments declined 1.1 percent in March, after rising 

1.2 percent in February. Prices for x-ray and electromedical equipment and for plasticworking machinery also 

turned down. The index for tools, dies, jigs, fixtures, and industrial molds fell more in March than it did in the 

previous month. During the first three months of 2004, the capital equipment index rose at a 2.3-percent 

seasonally adjusted annual rate, compared with a 1.4-percent rate of increase in the fourth quarter of 2003. 

Prices for finished energy goods climbed 0.6 percent in March, following a 0.2-percent increase in 

February. The index for liquefied petroleum gas moved up 0.4 percent, after tumbling 17.2 percent in the prior 

month. Prices for home heating oil, diesel fuel, and asphalt also turned up in March. By contrast, residential 

natural gas prices slipped 0.5 percent in March, after advancing 2.6 percent in the previous month. The indexes 

for residential electric power and kerosene also turned down, while prices for gasoline rose less in March than 

they did in February. The seasonally adjusted annual rate of increase in the index for finished energy goods 

accelerated from 1.6 percent to 23.5 percent from the final quarter of 2003 to the first quarter of 2004. 

Intermediate goods 

The Producer Price Index for Intermediate Materials, Supplies, and Components increased 0.7 percent in 

March, after rising 0.9 percent in February. The indexes for durable manufacturing materials, nondurable 

manufacturing materials, and intermediate energy goods rose less in March than they did in February. 

Conversely, prices for intermediate foodstuffs and feedstuffs advanced more quickly than they did in the 

preceding month. The index for materials and components for construction increased at the same rate in March 

as it did in February. The index for intermediate goods other than foods and energy moved up 0.6 percent, after 

gaining 0.9 percent in February. (See table B.) 

Subsequent to a 3.5-percent climb in February, the index for materials for durable manufacturing rose 

2.0 percent. Prices for cold rolled steel sheet and strip increased 3.0 percent, after a 12.4-percent advance in 

February. Likewise, the indexes for building paper and board, primary aluminum (except extrusion billet), 

plywood, and semifinished steel mill products rose more slowly in March than they did in the previous month. 

Aluminum mill shape prices fell, after rising in February. By contrast, prices for prepared paint increased 0.4 

percent, after a 0.3-percent decline in the preceding month. The indexes for unprocessed filament yarns and 

textile bags turned up in March, while the index for copper cathode and refined copper rose at a quicker pace 

than it did in the prior month. Prices for materials for durable manufacturing advanced at a 29.7-percent 

seasonally adjusted annual rate from December 2003 to March 2004, after registering an 8.7-percent rate of 

increase during the previous three months. 
-5- 

 The index for materials for nondurable manufacturing increased 0.4 percent in March, after rising 0.7 

percent in the preceding month. Higher prices for plastic resins and materials, inedible fats and oils, potassium 

and sodium compounds, phosphates, and intermediate basic organic chemicals outweighed falling prices for 

primary basic organic chemicals, nitrogenates, alkalies and chlorine, gray fabrics, and finished fabrics. From 

December 2003 to March 2004, the index for materials for nondurable manufacturing advanced at a 9.9-percent 

seasonally adjusted annual rate, following a 5.4-percent rate of increase during the final quarter of 2003. 

 

 Prices for intermediate energy goods rose 0.5 percent in March, after gaining 0.6 percent in the 

preceding month. This March increase was led by diesel fuel prices, which advanced 8.5 percent. Rising prices 

for home heating oil, natural gas to electric utilities, gasoline, and jet fuels also pushed the intermediate energy 

goods index higher. On the other hand, the commercial natural gas index fell 2.1 percent in March. Price 

declines also were posted by the indexes for industrial electric power, residual fuel, industrial natural gas, and 

commercial electric power. From December 2003 to March 2004, prices for intermediate energy goods rose at 

a 16.3-percent seasonally adjusted annual rate, after falling at a 0.7-percent annual rate for the previous quarter. 

 Prices for intermediate foods and feeds posted a 2.9-percent gain in March, following a 0.2-percent rise 

in February. The index for prepared animal feeds jumped 5.6 percent, after a 0.5-percent dip in the preceding 

month. Prices for beef and veal, shortening and cooking oils, fluid milk products, and refined sugar and 

byproducts turned up in March, while the index for natural, processed, and imitation cheese advanced at a 

quicker rate than it did in the prior month. Alternatively, price increases for processed young chickens slowed, 

advancing 1.5 percent after a February gain of 7.3-percent. The indexes for pork and butter rose more slowly in 

March than in February, and flour prices turned down. The index for intermediate foods and feeds increased at 

a seasonally adjusted annual rate of 8.6 percent during the first quarter of 2004, after rising at a 20.9-percent 

annual rate for the previous quarter. 

The index for materials and components for construction climbed 1.4 percent in March, after posting a 

1.4-percent rise in the preceding month. Price gains in fabricated structural metal products, softwood lumber, 

plywood, steel mill products, nonferrous wire and cable, and wiring devices outweighed falling prices for 

asphalt felts and coatings, mineral wool for structural insulation, concrete products, and plumbing fixtures and 

brass fittings. During the first quarter of 2004, prices for materials and components for construction advanced 

at a 12.9-percent seasonally adjusted annual rate, following a 2.6-percent annual rate of increase during the 

prior quarter. 

Crude goods

The rate of increase in the Producer Price Index for Crude Materials for Further Processing slowed from 

2.5 percent in February to 0.7 percent in March. Prices for crude energy materials fell, after showing no change 

in the previous month. The basic industrial materials index rose at a slower pace than it did in the prior month. 

By contrast, prices for crude foodstuffs and feedstuffs advanced more in March than they did in the preceding 

month. (See table B.) 

The crude energy materials index decreased 6.1 percent in March, after showing no change in the prior 

month. Prices for natural gas dropped 14.1 percent, compared with a 0.6-percent decline in February. The coal 

index inched down 0.2 percent, after increasing 8.7 percent a month earlier. On the other hand, crude petroleum 

prices went up 8.1 percent in March, following a 1.9-percent fall in the previous month. During the first quarter 

of 2004, the index for crude energy materials advanced at a 24.3-percent seasonally adjusted annual rate, after 

rising at a 3.2-percent rate in the preceding calendar quarter. 
-6- 

Prices for crude nonfood materials less energy moved up 2.7 percent in March, following a 5.5-percent 

gain in the previous month. Much of this deceleration was due to the index for iron and steel scrap, which rose 

6.7 percent in March after jumping 21.1 percent in February. Prices for copper base scrap, waste paper, and 

aluminum base scrap also rose less than they did in the prior month, while the indexes for leaf tobacco and 

pulpwood fell at a faster pace than they did a month earlier. Alternatively, raw cotton prices decreased 2.2 

percent in March, compared with a 12.0-percent decline in the preceding month. The index for gold ores also 

fell less than it did in February, while prices for construction sand, gravel, and crushed stone turned up, after 

edging down in the previous month. For the quarter ended March 2004, the index for crude nonfood materials 

less energy advanced at a 57.2-percent seasonally adjusted annual rate, following a 46.2-percent rate of increase 

in the prior quarter. 

Prices for crude foodstuffs and feedstuffs rose 7.1 percent in March, compared with a 3.6-percent gain in 

the preceding month. The slaughter cattle index turned up 13.0 percent, after falling 1.6 percent in the prior 

month. Prices for fresh and dry vegetables and unprocessed finfish also increased, following declines in 

February. The indexes for fluid milk, soybeans, and corn advanced at a quicker rate than they did a month 

earlier. By contrast, prices for slaughter broilers and fryers decreased 2.0 percent in March, after jumping 19.8 

percent in the preceding month. The indexes for slaughter hogs and unprocessed shellfish also turned down, 

after rising in the previous month, while wheat prices fell more than they did in February. Subsequent to a 

36.4-percent seasonally adjusted annual rate of advance during the fourth quarter of 2003, the crude foodstuffs 

and feedstuffs index rose at a 13.9-percent rate during the first quarter of 2004. 

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

Mining. The Producer Price Index for the Net Output of Total Mining Industries fell 4.0 percent in March, 

following a 1.5-percent decrease in February. (Net output price indexes are not seasonally adjusted.) Most of 

this faster rate of decline is attributable to prices received by the natural gas liquid extraction industry, which 

dropped 13.2 percent in March after falling 1.9 percent a month earlier. The index for the bituminous coal 

underground mining industry turned down, following an increase in the prior month, while prices received by 

the industry for bituminous coal and lignite surface mining rose at a slower pace in March than they did in 

February. By contrast, the index for the crude petroleum and natural gas extraction industry declined 2.3 

percent, after decreasing 3.0 percent in February. Prices received by the industry for oil and gas operations 

support activities showed no change in March, following a decline in the previous month. The index for the oil 

and gas well drilling industry turned up, after falling in the preceding month. In the first quarter of 2004, the 

Producer Price Index for the Net Output of Total Mining Industries rose at a 22.8-percent annual rate, compared 

with an 8.3-percent rate of advance in the last quarter of 2003. In March, this index was 133.9 (December 

1984=100), 20.8 percent below its year-ago level. 

Manufacturing. The Producer Price Index for the Net Output of Total Manufacturing Industries increased 0.6 

percent in March, following a 0.3-percent rise in February. Prices received by the food manufacturing industry 

group jumped 1.6 percent, after advancing 0.3 percent in the prior month. The indexes for the furniture and 

related products; electrical equipment, appliance, and components; and machinery manufacturing industry 

groups also moved up at a quicker rate in March. Prices received by manufacturers of petroleum and coal 

products, leather and allied products, and transportation equipment turned up, compared with February declines. 

On the other hand, the index for plastic and rubber product manufacturing fell 0.2 percent in March, after 

increasing 0.9 percent a month earlier. Prices received by manufacturers of beverage and tobacco products also 

declined, following February gains. The indexes for nonmetallic mineral product manufacturing and primary 

metal manufacturing rose at a slower pace in March than they did in the prior month. In the first quarter of 

2004, the Producer Price Index for the Net Output of Total Manufacturing Industries advanced at a 7.5-percent 

annual rate, compared with a 1.8-percent rate of increase in the last quarter of 2003. In March, this index was 

140.2 (December 1984=100), 1.1 percent above its year-ago level. 
-7- 

Services. Among services industries in March, prices received by offices of lawyers edged down 0.2 percent, 

after rising 3.9 percent in the preceding month. The indexes for scheduled passenger air transportation, offices 

of physicians (except mental health), passenger car rental, local trucking of specialized freight (excluding used 

goods), and for the truck, utility trailer, and RV rental and leasing industry also turned down in March. Prices 

received by the industry for long distance general freight trucking by the truckload increased less than they did 

in February. The index for software publishers showed no change in March, after rising in the prior month. By 

contrast, prices received by the hotels and motels industry (except casino hotels) jumped 3.3 percent, compared 

with a 0.1-percent advance in February. The index for the television broadcasting industry also increased at a 

faster pace in March than it did in the previous month. Prices received by lessors of nonresidential buildings 

(excluding miniwarehouses), general medical and surgical hospitals, couriers, and residential property managers 

rose, after falling in February. The index for the cellular and other wireless carriers industry showed no change 

in March, following a 1.1-percent drop a month earlier. 

***** 

The Bureau of Labor Statistics has not scheduled a revised release date for the April 2004 PPI, originally 

scheduled for Thursday, May 13. If a postponement is necessary, it will be announced at least one day ahead of 

time on the BLS website and through a news advisory. 
Technical Note 

Brief Explanation of Producer Prices Indexes 

The Bureau of Labor Statistics (BLS) term Producer Price Index (PPI) refers to a family of indexes that measure the average 

change over time in the 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 can differ due to government subsidies, sales and excise taxes, and 

distribution costs. 

 More than 8,000 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 trade, finance, and services sectors of the economy. 

More than 100,000 price quotations per month are organized into three sets of PPIs: (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 organizes 

products by class of buyer and degree of fabrication. The commodity structure 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. 

Stage-of-Processing Indexes 

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, as well as 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. 

Commodity Indexes 

The commodity classification structure of the PPI organizes products by similarity of end use or material composition, 

disregarding industry of origin. Fifteen major commodity groupings (2-digit commodity codes) make up the All Commodities Index. 

Each major commodity grouping includes (in descending order of aggregation) subgroups (3-digit), product classes (4-digit), 

subproduct classes (6-digit), and individual items (8 digit). Nearly all 8-digit commodities under the traditional commodity coding 

system are now derived from corresponding industry-classified product indexes. In such instances, movements in the traditional

commodity price indexes and corresponding percent changes will be virtually identical to their industry-based counterparts, even if 

their index levels differ. 

Industry Net-Output Price Indexes 

PPIs for the net output of industries and their products are grouped according to the North American Industry Classification 

System (NAICS). Prior to the release of January 2004, industry-based PPIs were published according to the Standard Industrial 

Classification (SIC) system. Industry price indexes are compatible with other economic time series organized by industry, such as 

data on employment, wages, and productivity. Table 5 of the PPI Detailed Report includes data for NAICS industries and industry 

groups (3-, 4-, 5-, and 6-digit codes); indexes for Census product classes (7- and 8-digits), products (9-digits), and more detailed 

subproducts (11-digits); and, for some industries, indexes for other sources of revenue. 

 Indexes may represent one of three kinds of product indexes. Every industry has primary product indexes to show changes in 

prices received by establishments classified in the industry for products made primarily, but not necessarily exclusively, by that 

industry. The industry classification of an establishment is determined by which products comprise a plurality of its total shipment 

value. In addition, most industries have secondary product indexes that show changes in prices received by establishments classified 

in the industry for products chiefly made in some other industry. Finally, some industries have miscellaneous receipts indexes to show 

price changes in other sources of revenue received by establishments within the industry that are not derived from sales of their 

products, for example, resales of purchased materials, or revenues from parking lots owned by a manufacturing plant. 
Data Collection 

PPIs 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. The BLS strongly encourages cooperating companies to supply actual transaction prices at the time of shipment to minimize 

the use of list prices. Prices submitted by survey respondents are effective on the Tuesday of the week containing the 13th day of the 

month. This survey is conducted primarily through the mail. 

 Price data are provided on a voluntary and confidential basis; only sworn BLS employees are allowed access to individual 

company price reports. BLS publishes price indexes instead of unit dollar prices. All PPIs are subject to revision 4 months after 

original publication to reflect the availability of late reports and corrections by respondents. 

 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 with the release of data for 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 industries 

includes the month and year in which an article describing the industry’s content appeared in the PPI Detailed Report. 

PPI Detailed 

Title Code Report Issue 

SIC 

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 

NAICS 

Furniture and home furnishings stores 442 January 2004 

Electronics and appliance stores 443 January 2004 

Building material and garden equipment and supplies dealers 444 January 2004 

Clothing and clothing accessories stores 448 January 2004 

Sporting goods, hobby, book, and music stores 451 January 2004 

General merchandise stores 452 January 2004 

Miscellaneous store retailers 453 January 2004 
Weights

Weights for most traditional commodity groupings of the PPI, as well as weights for commodity-based aggregate indexes 

calculated using traditional commodity groupings, such as stage-of-processing indexes, 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 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 within the industry to buyers outside the 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 PPI for All Commodities, 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. 

Price Index Reference Base 

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 previously published percent changes for affected PPI series. (See “Calculating Index Changes,” below.) The 1982 

reference base is not used for commodity indexes with a base later than December 1981 or for industry net output indexes 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. This document can be downloaded from the BLS website at 

(http://www.bls.gov/opub/hom/homch14_itc.htm), and reprints are available on request. 

Calculating Index Changes 

Each PPI measures price changes from a reference period which equals 100.0. 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 sample of finished goods have risen from $100 in 1982 to $105.50. Likewise, a current 

index of 90.0 would indicate that prices received by producers of finished goods 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. Index point changes are affected by the level of the index in relation to its base period, whereas percent changes are not. 

The following example 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, BLS publishes seasonally adjusted and unadjusted 

changes each month. Seasonally adjusted data are preferred for analyzing general price trends in the economy, because these data 

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 the BLS.) 
In 1998, the PPI implemented the X-12-ARIMA Seasonal Adjustment Method; prior to that year the PPI employed the X-11 

method. Each year, the seasonal status of most commodity indexes is re-evaluated to reflect more recent price behavior. Industry net 

output indexes are not seasonally adjusted. For time series that exhibit seasonal pricing patterns, new seasonal factors are estimated 

and applied to the unadjusted data for the previous 5 years. These updated seasonally adjusted indexes replace the most recent 5 years 

of seasonal data. 

 Seasonal factors may be applied to series using either a direct or aggregative method. Generally, commodity indexes are 

seasonally adjusted using direct seasonal adjustment, which produces a more complete elimination of seasonal movements than the

aggregative method. However, the direct seasonal adjustment process may not yield figures that possess additive consistency. Thus, a 

seasonally adjusted index for a broad category that is directly adjusted may not be logically consistent with all seasonally adjusted 

indexes for its components. Seasonal movements for stage-of-processing indexes are derived indirectly through an aggregative 

method that combines movements of a wide variety of subproduct class (6-digit) series. 

Seasonally adjusted indexes can become problematic when previously stable and predictable price patterns abruptly change. 

If the new pattern persists, the seasonal adjustment method will eventually reflect it adequately; if these patterns keep shifting, 

however, seasonally adjusted data will become chronically troublesome. This problem occurs relatively infrequently for farm and 

food-related products but has more often affected manufactured products such as automobiles and steel. 

Since January 1988, the PPI has used Intervention Analysis Seasonal Adjustment methods to enhance the calculation of 

seasonal factors. With this technique, outlier values that may distort the seasonal pattern are removed from the data prior to applying 

the standard seasonal factor estimation procedure. For example, a possible economic cause for large price movements for petroleumbased products might have been the Persian Gulf War. In this case, intervention techniques allowed for better estimates of seasonally 

adjusted data. On the whole, very few series have required intervention. Out of nearly 900 seasonally adjusted series, only 16 

interventions were performed in 1997. 

For more information relating to seasonal adjustment methods, 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. 

Producer Price Index Data Via the Internet 

In 1995, the BLS began posting PPI series, news releases, and technical information to both a World Wide Web (WWW) site 

and a file transfer protocol (FTP) site. During the years following the introduction of PPI Internet services, usage of these sites 

eclipsed more traditional methods of data dissemination, such as subscriptions to the PPI Detailed Report. There were more than 1.6 

million accesses of PPI series over the Internet during the 12 months ended December 31, 2003. 

Retrieving PPI data from the PPI Website 

PPI data can be obtained from the WWW address (http://www.bls.gov/ppi). Scrolling down the page to the “Get Detailed 

Statistics” header reveals the following 5 methods of data retrieval: 

• Most Requested Series is a form-based application that allows the user to quickly obtain PPI time series data by selecting from 

two separate lists (commodity and industry) of the most commonly requested time series, including the All Commodities Index and

the stage-of-processing indexes (for example, Finished Goods). Within each list, any one—or all—of the time series shown can be 

selected. A user can modify the date range and output options after executing the query, using the reformat button above the data 

output table. 

• Create Customized Tables is a form-based query application designed for users unfamiliar with the PPI coding structure. It 

guides a user through the PPI classification system by listing index titles and does not require knowledge of commodity or industry 

codes. Data retrieved are based on a query formulated by selecting data characteristics from lists provided. Two options are available 

to create customized tables, depending on a user’s browser capability. The one-screen option is a JavaScript application that uses a 

single screen to guide a user through the available time series data. The second option is a multiple screen, nonJava-based application. 

Both methods allow a user to browse the PPI coding structure and select multiple series codes. Using the one-screen option, users can 

modify the date range and output options after executing the query using the reformat button above the data output table. 

• Series Report is a form-based application that uses formatted PPI time series identifiers (commodity or industry codes) as input in 

extracting data according to a specified set of date ranges and output options. This application provides the most efficient path for 

those users who are familiar with the format of PPI time series identifiers. Up to 300 indexes can be extracted at one time. 

 There are three basic formats for creating a unique PPI time series identifier. For commodity and stage-of-processing indexes, 

enter a “wpu” prefix (not seasonally adjusted) or a “wps” prefix (seasonally adjusted) in combination with a commodity-based code to 

create a series identifier. 

Commodity code Will provide data for:

wps063 Drugs and pharmaceuticals, seasonally adjusted 

wpu063803 Pharmaceutical preparations, cardiovascular system 

wpusop3000 Finished goods, not seasonally adjusted 
For a current industry-based price index organized according to the North American Industry Classification System (NAICS), enter 

the prefix “pcu” followed by the industry-product code. The series identifier for products primary to an industry include 12 numeric 

digits, the six-digit industry code is repeated, and up to seven additional digits of product detail. Dashes are used as place holders for 

higher-level industry group codes. 

Industry-product code, Will provide data for:

Current NAICS series 

pcu325---325--- Chemical manufacturing, not seasonally adjusted 

pcu336110336110 Automobile and light duty motor vehicle manufacturing 

pcu621111621111411 Offices of physicians, one and two physician practices and single specialty group practices, 

general/family practice 

To identify a discontinued industry-product code based on the Standard Industrial Classification (SIC), enter a “pdu” prefix and “#” 

between the fourth and fifth characters of the product code. A series identifier for the discontinued dataset uses underscores as 

placeholders to complete a reference to an SIC industry group code of less than four digits. (All PPI industry-based indexes organized 

by SIC were discontinued with the introduction of the NAICS.) In all cases, no spaces are permitted. 

Industry-product code, Will provide data for:

Discontinued SIC series 

pdu28__# Chemicals and allied products, not seasonally adjusted 

pdu331_# Blast furnaces, steel works, and rolling and finishing mills, not seasonally adjusted 

pdu3711#111 Passenger cars 

• Flat Files and the FTP server are best suited for those users requiring access to either a large volume of time series data or other 

PPI-related documentation (such as, seasonal factor and relative importance tables). The FTP site can be accessed at 

(ftp://ftp.bls.gov) or directly from the links on the “Get Detailed Statistics” page or the PPI homepage. Data and documentation 

available for download include: 

 Directory: 

• NAICS Current Series /pub/time.series/pc 

• SIC Discontinued Series /pub/time.series/pd 

• Commodity Series /pub/time.series/wp

• Special Requests /pub/special.requests/ppi

• Latest News Release /pub/news.release/ppi.txt

The FTP site maintains files to help with searches and downloads. These files are centrally located in the /pub/doc directory. 

Within this directory, go to the overview.txt file for an overview relating to all BLS data available through the FTP site. For 

commodity-based PPI data (which appear in tables 1, 2, 3, 6, 7, and 8 of the PPI monthly detailed report and tables 1, 2, 3, and 5 of the 

monthly news release), the program help file is wp.txt. For current industry-based PPI data based on the NAICS (which appear in 

tables 4, 5, and 9 of the monthly PPI report and table 4 of the monthly news release), the file is pc.txt. For industry-based SIC time 

series that have been discontinued, go to pd.txt. (These and other help files are also maintained within each of the five directories 

listed above.) 

Other Sources of PPI Data 

PPI data can also be accessed via the BLS homepage (http://www.bls.gov). After clicking the “Get Detailed Statistics” link 

at the top of the homepage a chart appears listing all of the available BLS programs. The following four methods are available for PPI 

data: Most requested statistics, create customized tables (one screen or multiple screens), and flat files. Additional sources of BLS 

data are also accessible from this page including: Economic news releases, series report, and economy at a glance. 

 

Additional information 

The PPI homepage (http://www.bls.gov/ppi) contains additional information regarding PPI data and methodology. The top 

section of the homepage provides PPI news releases, both current and archived, as well as general PPI information. The “Tables

Created by BLS” section found beneath the statistics section provides relative importance and seasonal factor tables. The remaining 

sections offer special notices and publications pertaining to PPI methodology and applications. 

For questions or comments regarding PPI data classification, methodology, or data availability on the Internet, call or e-mail 

the Section of Index Analysis and Public Information directly at (202) 691-7705 or ppi-info@bls.gov. Data also can be obtained by 

calling the national fax-on-demand service at (202) 691-6325; this service enables customers to request faxes of BLS data 24 hours a 

day, 7 days a week. 
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| |Mar. 2004 from:| 

 | |_______________________|_______________|__________________________

 | Dec. | | | | | | | | 

 | |Nov. |Feb. |Mar. | Mar. | Feb. |Dec. to|Jan. to |Feb. to

 | 2003 1/|2003 2/|2004 2/|2004 2/| 2003 | 2004 | Jan. | Feb. | Mar. 

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

 | 

Finished goods...................................| 100.000 144.5 145.3 146.2 1.4 0.6 0.6 0.1 0.5 

 Finished consumer goods........................| 74.351 146.5 147.6 148.7 1.6 .7 .7 .1 .7 

 Finished consumer foods......................| 21.479 150.1 148.0 150.3 5.3 1.6 -1.4 .2 1.5 

 Crude......................................| 1.727 137.6 131.5 143.9 16.3 9.4 -8.3 -2.2 9.5 

 Processed..................................| 19.752 151.1 149.3 150.8 4.4 1.0 -.8 .3 .9 

 Finished consumer goods, excluding foods.....| 52.872 144.8 147.1 147.7 .2 .4 1.6 .1 .3 

 Nondurable goods less foods................| 36.806 147.6 151.3 152.0 .2 .5 2.1 .2 .2 

 Durable goods..............................| 16.066 135.0 134.3 134.8 .3 .4 .4 -.2 .6 

 Capital equipment..............................| 25.649 140.5 140.8 141.1 .9 .2 .3 0 .3 

 Manufacturing industries.....................| 7.020 140.2 141.1 141.4 1.1 .2 .3 .2 .2 

 Nonmanufacturing industries..................| 18.629 140.6 140.6 140.9 .8 .2 .4 -.1 .3 

 | 

Intermediate materials, supplies, and components.| 100.000 134.1 137.1 137.9 1.2 .6 .8 .9 .7 

 Materials and components for manufacturing.....| 46.863 130.7 133.2 134.1 3.1 .7 .5 1.1 .7 

 Materials for food manufacturing.............| 2.953 141.6 138.9 141.1 9.4 1.6 -1.6 .4 1.6 

 Materials for nondurable manufacturing.......| 14.501 137.2 141.1 141.7 1.1 .4 1.3 .7 .4 

 Materials for durable manufacturing..........| 9.501 130.5 137.0 140.0 10.3 2.2 1.0 3.5 2.0 

 Components for manufacturing.................| 19.908 125.8 126.2 126.2 .2 0 .2 .2 0 

 Materials and components for construction......| 12.896 155.6 158.3 160.7 5.5 1.5 .3 1.4 1.4 

 Processed fuels and lubricants.................| 16.959 110.3 116.3 116.3 -6.8 0 2.7 .7 .6 

 Manufacturing industries ....................| 6.835 115.3 119.5 118.5 -4.4 -.8 1.6 1.0 -.1 

 Nonmanufacturing industries..................| 10.125 107.1 114.3 114.9 -8.4 .5 3.4 .4 1.0 

 Containers.....................................| 3.160 153.4 153.8 154.1 .2 .2 .3 -.1 .2 

 Supplies.......................................| 20.122 142.6 143.8 144.8 2.5 .7 .4 .3 .7 

 Manufacturing industries.....................| 4.388 146.7 147.4 147.6 .8 .1 .1 .2 .1 

 Nonmanufacturing industries..................| 15.733 140.4 141.7 142.9 3.0 .8 .5 .4 .8 

 Feeds......................................| 1.226 118.9 117.5 124.6 21.1 6.0 .4 -.2 6.0 

 Other supplies.............................| 14.508 143.4 145.0 145.6 1.7 .4 .6 .4 .4 

 | 

Crude materials for further processing...........| 100.000 137.0 148.3 149.7 -1.6 .9 2.8 2.5 .7 

 Foodstuffs and feedstuffs......................| 40.157 125.7 121.0 130.8 23.7 8.1 -6.9 3.6 7.1 

 Nonfood materials..............................| 59.843 141.4 164.9 159.8 -13.3 -3.1 9.3 1.9 -3.2 

 Nonfood materials except fuel 3/.............| 33.319 121.0 134.7 140.9 15.7 4.6 5.0 2.7 4.6 

 Manufacturing 3/...........................| 32.700 111.4 124.1 129.9 15.9 4.7 5.1 2.7 4.7 

 Construction...............................| 0.619 182.3 187.5 189.2 4.8 .9 .8 .5 1.0 

 Crude fuel 4/................................| 26.524 161.2 199.2 174.8 -35.6 -12.2 14.8 .8 -12.2 

 Manufacturing industries...................| 2.383 153.9 189.3 166.8 -34.7 -11.9 14.3 1.1 -11.9 

 Nonmanufacturing industries................| 24.141 164.8 203.7 178.7 -35.7 -12.3 14.8 .8 -12.3 

 | 

 Special groupings | 

 | 

Finished goods, excluding foods..................|5/ 78.521 142.8 144.4 144.9 .4 .3 1.2 .1 .3 

Intermediate materials less foods and feeds......|6/ 95.822 134.2 137.4 138.2 .9 .6 1.0 .9 .7 

Intermediate foods and feeds.....................|6/ 4.178 134.8 132.5 136.4 12.7 2.9 -1.0 .2 2.9 

Crude materials less agricultural products 3/ 7/.|8/ 57.867 142.4 167.4 162.2 -14.0 -3.1 9.6 2.1 -3.1 

 | 

Finished energy goods............................|5/ 15.875 100.4 105.7 107.0 -.4 1.2 4.7 .2 .6 

Finished goods less energy.......................|5/ 84.125 151.0 150.5 151.3 1.8 .5 -.2 .1 .6 

Finished consumer goods less energy..............|5/ 58.476 155.5 154.7 155.7 2.2 .6 -.3 .1 .7 

 | 

Finished goods less foods and energy.............|5/ 62.646 151.7 151.7 152.0 .7 .2 .3 .1 .2 

Finished consumer goods less foods and energy....|5/ 36.997 159.2 159.1 159.3 .6 .1 .3 0 .3 

Consumer nondurable goods less foods and energy..|5/ 20.931 178.5 179.1 179.0 .7 -.1 .2 .2 -.1 

 | 

Intermediate energy goods........................|6/ 17.360 109.5 115.3 115.3 -7.2 0 2.7 .6 .5 

Intermediate materials less energy...............|6/ 82.640 138.8 141.0 142.1 3.3 .8 .5 .9 .7 

Intermediate materials less foods and energy.....|6/ 78.462 139.2 141.6 142.6 2.8 .7 .6 .9 .6 

 | 

Crude energy materials 3/........................|8/ 39.397 132.5 156.7 147.1 -26.5 -6.1 12.5 0 -6.1 

Crude materials less energy......................|8/ 60.603 135.5 138.2 146.6 25.8 6.1 -3.5 4.3 5.5 

Crude nonfood materials less energy 4/...........|8/ 20.446 164.8 187.2 192.2 29.8 2.7 3.3 5.5 2.7 

_________________________________________________|_____________________________________________________________________________

 

 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 November 2003 have been recalculated to incorporate 7/ Formerly titled "Crude materials for 

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

 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 | | |Mar. 2004 from:| 

 code | Grouping |_______________________|_______________|________________________ 

 | | | | | | | | | 

 | |Nov. |Feb. |Mar. | Mar. | Feb. |Dec. to|Jan. to|Feb. to 

 | |2003 1/|2004 1/|2004 1/| 2003 | 2004 | Jan. | Feb. | Mar. 

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

 | | 

 |FINISHED GOODS.........................................| 144.5 145.3 146.2 1.4 0.6 0.6 0.1 0.5 

 | FINISHED CONSUMER GOODS...............................| 146.5 147.6 148.7 1.6 .7 .7 .1 .7 

 | FINISHED CONSUMER FOODS..............................| 150.1 148.0 150.3 5.3 1.6 -1.4 .2 1.5 

 | | 

01-11 | Fresh fruits and melons 2/..........................| 93.5 89.8 89.2 22.2 -.7 -2.0 -7.0 -.7 

01-13 | Fresh and dry vegetables 2/.........................| 130.8 114.9 129.8 -5.7 13.0 -20.9 -7.8 13.0 

01-71-07 | Eggs for fresh use (Dec. 1991=100)..................| 139.3 130.4 150.8 54.0 15.6 -2.4 11.5 8.6 

02-11 | Bakery products 2/..................................| 195.2 195.3 195.0 0 -.2 .2 0 -.2 

02-13 | Milled rice 2/......................................| 119.4 129.3 131.6 49.4 1.8 2.4 3.5 1.8 

02-14-02 | Pasta products (June 1985=100) 2/...................| 126.9 126.6 126.7 .3 .1 .1 -.1 .1 

02-21-01 | Beef and veal 2/....................................| 158.0 130.8 135.7 7.1 3.7 -11.0 -2.3 3.7 

02-21-04 | Pork................................................| 114.6 120.1 122.1 10.2 1.7 1.2 3.1 .1 

02-22-03 | Processed young chickens............................| 126.2 142.3 144.3 24.6 1.4 4.3 7.3 1.5 

02-22-06 | Processed turkeys...................................| 100.6 101.1 103.8 17.2 2.7 4.9 3.6 .9 

02-23 | Finfish and shellfish...............................| 185.7 206.9 227.0 14.9 9.7 8.3 -1.1 9.6 

02-3 | Dairy products......................................| 146.0 142.2 147.4 10.5 3.7 -.6 1.3 3.7 

02-4 | Processed fruits and vegetables 2/..................| 134.1 133.7 133.5 -.1 -.1 .1 .1 -.1 

02-55 | Confectionery end products 2/.......................| 185.2 186.1 186.7 2.0 .3 .2 .1 .3 

02-62 | Soft drinks 2/......................................| 154.0 155.3 153.3 .6 -1.3 1.9 -.1 -1.3 

02-63-01 | Roasted coffee 2/...................................| 127.7 127.8 128.0 .2 .2 0 -.2 .2 

02-78 | Shortening and cooking oils 2/......................| 172.8 192.3 195.0 28.2 1.4 7.8 -1.3 1.4 

 | | 

 | FINISHED CONSUMER GOODS EXCLUDING FOODS..............| 144.8 147.1 147.7 .2 .4 1.6 .1 .3 

 | | 

02-61 | Alcoholic beverages.................................| 148.7 149.7 150.2 .7 .3 .1 .8 .4 

03-81-06 | Women's, girls', & infants' apparel (12/03=100) 2/..| (3) 100.0 99.9 (3) -.1 0 0 -.1 

03-81-07 | Men's and boys' apparel (Dec. 2003=100) 2/..........| (3) 99.8 100.2 (3) .4 0 -.2 .4 

03-82 | Textile housefurnishings 2/.........................| 122.4 123.2 123.0 .5 -.2 .7 0 -.2 

04-3 | Footwear 2/.........................................| 146.3 149.4 148.5 .8 -.6 -.2 1.2 -.6 

05-41 | Residential electric power (Dec. 1990=100)..........| 118.3 118.8 119.0 3.7 .2 .1 .4 -.2 

05-51 | Residential gas (Dec. 1990=100).....................| 170.6 177.7 174.8 .2 -1.6 1.4 2.6 -.5 

05-71 | Gasoline............................................| 95.2 111.1 117.0 -2.8 5.3 14.1 2.0 1.3 

05-73-02-01| Home heating oil and distillates....................| 90.0 97.7 106.3 -17.8 8.8 16.8 -7.7 11.0 

06-38 | Pharmaceutical preparations (June 2001=100) 2/......| 108.7 109.0 109.7 3.8 .6 .6 -.2 .6 

06-71 | Soaps and synthetic detergents 2/...................| 132.5 131.4 131.3 1.4 -.1 0 0 -.1 

06-75 | Cosmetics and other toilet preparations 2/..........| 140.6 140.7 140.9 .3 .1 0 .1 .1 

07-12 | Tires, tubes, tread, etc 2/.........................| 98.7 102.6 102.6 4.9 0 0 4.0 0 

09-15-01 | Sanitary paper products 2/..........................| 150.4 150.4 146.5 -2.7 -2.6 0 .1 -2.6 

09-31-01 | Newspaper circulation 2/............................| 232.3 232.7 232.7 1.3 0 .1 .1 0 

09-32-01 | Periodical circulation..............................| 219.2 225.0 225.3 2.3 .1 .9 0 .4 

09-33 | Book publishing.....................................| 245.3 249.9 252.1 4.8 .9 1.5 0 .6 

12-1 | Household furniture.................................| 158.2 159.1 159.2 .7 .1 -.1 .5 .1 

12-3 | Floor coverings 2/..................................| 138.2 131.5 127.9 -2.7 -2.7 -.7 .3 -2.7 

12-4 | Household appliances 2/.............................| 101.8 101.5 101.3 -1.4 -.2 .1 -.5 -.2 

12-5 | Home electronic equipment 2/........................| 67.2 67.2 67.7 -.3 .7 -.1 .1 .7 

12-62 | Household glassware.................................| 169.0 168.5 165.1 -2.4 -2.0 .5 -.7 -2.4 

12-64 | Household flatware 2/...............................| 145.2 (3) 145.6 .3 (3) 0 (3) (3) 

12-66 | Lawn and garden equip., ex. tractors 2/.............| 134.0 133.9 134.3 .7 .3 -.1 .1 .3 

14-11-01 | Passenger cars......................................| 131.9 131.6 131.8 -.8 .2 .6 .2 .3 

15-11 | Toys, games, and children's vehicles 2/.............| 124.5 124.5 124.6 -.5 .1 0 0 .1 

15-12 | Sporting and athletic goods 2/......................| 122.1 125.0 125.1 -.3 .1 .6 .5 .1 

15-2 | Tobacco products 2/.................................| 433.2 434.7 432.7 -.5 -.5 .2 0 -.5 

15-5 | Mobile homes .......................................| 173.5 (3) (3) (3) (3) (3) (3) (3) 

15-94-02 | Jewelry, platinum, & karat gold 2/..................| 133.5 134.5 134.4 1.7 -.1 .6 -.1 -.1 

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

 | | 

 | CAPITAL EQUIPMENT.....................................| 140.5 140.8 141.1 .9 .2 .3 0 .3 

 | | 

11-1 | Agricultural machinery and equipment 2/.............| 162.0 162.7 164.7 2.9 1.2 .4 .1 1.2 

11-2 | Construction machinery and equipment 2/.............| 153.5 155.3 156.0 2.1 .5 .8 .3 .5 

11-37 | Metal cutting machine tools 2/......................| 150.5 149.3 149.5 -.9 .1 -.2 -.3 .1 

11-38 | Metal forming machine tools 2/......................| 167.8 170.1 171.5 2.5 .8 .1 1.3 .8 

11-39 | Tools, dies, jigs, fixtures, and ind. molds 2/......| 139.4 140.4 139.1 -.4 -.9 .9 -.2 -.9 

11-41 | Pumps, compressors, and equipment...................| 163.4 165.1 165.1 1.6 0 .5 .2 0 

11-44 | Industrial material handling equipment 2/...........| 138.2 139.8 140.8 2.3 .7 .3 .9 .7 

11-51 | Electronic computers (Dec. 1998=100) 2/.............| 32.4 31.4 31.1 -11.1 -1.0 -.3 -.9 -1.0 

11-62 | Textile machinery 2/................................| 157.7 157.9 157.9 0 0 .1 0 0 

11-64 | Paper industries machinery (June 1982=100) 2/.......| 170.3 170.9 172.9 1.5 1.2 .1 .2 1.2 

11-65 | Printing trades machinery 2/........................| 143.6 143.2 143.0 .2 -.1 .1 -.1 -.1 

11-74 | Transformers and power regulators 2/................| 132.1 132.5 133.3 1.4 .6 .1 .2 .6 

11-76 | Communication & related equip. (Dec. 1985=100) 2/...| 105.2 104.8 104.8 -1.5 0 -.1 -.2 0 

11-79-05 | X-ray and electromedical equipment 2/...............| 99.6 98.3 97.5 -2.5 -.8 -1.5 .3 -.8 

11-91 | Oil field and gas field machinery ..................| 140.6 141.3 142.2 3.0 .6 -.7 .3 .5 

11-92 | Mining machinery and equipment 2/...................| 155.4 157.6 157.9 1.9 .2 .5 .3 .2 

11-93 | Office and store machines and equipment 2/..........| 112.5 113.3 113.3 2.6 0 0 .1 0 

12-2 | Commercial furniture 2/.............................| 162.6 162.5 164.1 1.4 1.0 -.4 0 1.0 

14-11-05 | Light motor trucks..................................| 157.1 152.4 152.5 -1.6 .1 1.1 -1.9 .8 

14-11-06 | Heavy motor trucks 2/...............................| 152.1 157.9 158.3 2.5 .3 1.5 .4 .3 

14-14 | Truck trailers 2/...................................| 139.7 141.7 144.9 3.9 2.3 1.4 .1 2.3 

14-21-02 | Civilian aircraft (Dec. 1985=100)...................| 184.4 185.3 185.5 5.8 .1 .4 .1 .2 

14-31 | Ships (Dec. 1985=100) 2/............................| 162.9 164.9 164.9 4.2 0 .4 3.3 0 

14-4 | Railroad equipment 2/...............................| 137.7 140.3 141.8 4.6 1.1 0 1.9 1.1 

 | | 

 |INTERMEDIATE MATERIALS, SUPPLIES, AND COMPONENTS.......| 134.1 137.1 137.9 1.2 .6 .8 .9 .7 

 | | 

 | INTERMEDIATE FOODS AND FEEDS..........................| 134.8 132.5 136.4 12.7 2.9 -1.0 .2 2.9 

 | | 

02-12-03 | Flour 2/............................................| 124.0 131.2 129.3 5.0 -1.4 -.2 2.8 -1.4 

02-53 | Refined sugar and byproducts 2/.....................| 120.6 118.8 120.2 -1.6 1.2 -1.8 -.3 1.2 

02-54 | Confectionery materials 2/..........................| 123.1 122.5 122.5 -3.4 0 .4 -1.8 0 

02-72 | Crude vegetable oils 2/.............................| 145.2 (3) (3) (3) (3) (3) (3) (3) 

02-9 | Prepared animal feeds 2/............................| 123.4 121.9 128.7 17.4 5.6 .2 -.5 5.6 

 | | 

 | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS...........| 134.2 137.4 138.2 .9 .6 1.0 .9 .7 

 | | 

03-1 | Synthetic fibers 2/.................................| 105.9 104.9 105.2 -1.3 .3 -.3 -.5 .3 

03-2 | Processed yarns and threads 2/......................| 104.6 107.0 107.4 4.2 .4 1.5 0 .4 

03-3 | Gray fabrics 2/.....................................| 111.7 111.3 111.1 .5 -.2 .4 .3 -.2 

03-4 | Finished fabrics 2/.................................| 120.9 120.3 120.2 .3 -.1 .1 -.6 -.1 

03-83-03 | Industrial textile products 2/......................| 130.1 130.2 130.6 0 .3 .4 0 .3 

04-2 | Leather 2/..........................................| 219.5 220.4 221.9 5.3 .7 .7 .1 .7 

05-32 | Liquefied petroleum gas 2/..........................| 148.7 160.6 161.2 -6.0 .4 18.0 -17.2 .4 

___________|_______________________________________________________|__________________________________________________________________ 

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 | | |Mar. 2004 from:| 

 code | Grouping |_______________________|_______________|________________________ 

 | | | | | | | | | 

 | |Nov. |Feb. |Mar. | Mar. | Feb. |Dec. to|Jan. to|Feb. to 

 | |2003 1/|2004 1/|2004 1/| 2003 | 2004 | Jan. | Feb. | Mar. 

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

 | | 

 | INTERMEDIATE MATERIALS LESS FOODS AND FEEDS | 

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

05-42 | Commercial electric power...........................| 138.1 137.7 137.8 1.5 0.1 -0.6 0.5 -0.1 

05-43 | Industrial electric power...........................| 142.7 143.1 143.2 -.1 .1 -.2 .1 -.5 

05-52 | Commercial natural gas (Dec. 1990=100)..............| 178.3 187.8 183.2 -4.4 -2.4 -.2 2.2 -2.1 

05-53 | Industrial natural gas (Dec. 1990=100)..............| 184.5 194.8 188.9 -6.9 -3.0 .6 3.5 -.3 

05-54 | Natural gas to electric utilities (Dec. 1990=100)...| 147.2 169.8 163.9 -36.4 -3.5 -6.2 4.4 3.7 

05-72-03 | Jet fuels...........................................| 77.3 95.4 94.3 -19.9 -1.2 11.1 3.7 2.0 

05-73-03 | No. 2 Diesel fuel...................................| 95.9 103.7 109.7 -15.2 5.8 11.4 -7.3 8.5 

05-74 | Residual fuels 2/...................................| 103.3 102.4 98.9 -11.0 -3.4 -.8 -1.1 -3.4 

06-1 | Industrial chemicals 2/.............................| 140.3 151.0 150.5 .9 -.3 4.6 .7 -.3 

06-21 | Prepared paint......................................| 172.5 173.4 174.1 3.0 .4 .4 -.3 .4 

06-22 | Paint materials 2/..................................| 172.8 178.0 178.8 3.0 .4 -.1 3.5 .4 

06-31 | Medicinal and botanical chemicals 2/................| 136.6 136.8 137.0 .9 .1 .1 .2 .1 

06-4 | Fats and oils, inedible.............................| 149.5 155.2 170.7 40.0 10.0 3.6 10.4 12.1 

06-51 | Mixed fertilizers...................................| 120.8 124.4 127.1 6.8 2.2 .1 2.1 1.3 

06-52-01 | Nitrogenates........................................| 151.0 166.0 166.6 9.8 .4 -1.4 -.9 -1.8 

06-52-02 | Phosphates 2/.......................................| 110.5 120.1 124.3 11.1 3.5 2.1 4.3 3.5 

06-53 | Other agricultural chemicals 2/.....................| 149.9 149.7 149.4 .6 -.2 .6 .8 -.2 

06-6 | Plastic resins and materials 2/.....................| 145.8 151.0 153.2 2.4 1.5 2.1 1.7 1.5 

07-11-02 | Synthetic rubber 2/.................................| 125.7 127.5 128.2 2.5 .5 .6 .9 .5 

07-21 | Plastic construction products ......................| 138.6 138.7 139.4 .4 .5 1.0 -1.4 0 

07-22 | Unsupported plastic film, sheet, & other shapes 2/..| 143.4 145.4 145.4 .2 0 .1 1.5 0 

07-26 | Plastic parts and components for manufacturing 2/...| 116.8 116.8 116.5 .4 -.3 -.2 .3 -.3 

08-11 | Softwood lumber 2/..................................| 178.0 190.6 204.3 24.2 7.2 1.5 5.0 7.2 

08-12 | Hardwood lumber 2/..................................| 192.8 199.1 200.3 8.3 .6 1.3 .4 .6 

08-2 | Millwork............................................| 183.3 184.5 185.5 2.8 .5 .4 .2 .5 

08-3 | Plywood 2/..........................................| 206.3 200.4 217.7 49.1 8.6 -9.1 15.2 8.6 

09-11 | Woodpulp 2/.........................................| 124.8 125.6 126.3 9.0 .6 0 .2 .6 

09-13 | Paper 2/............................................| 145.9 145.6 145.8 .2 .1 -.8 .6 .1 

09-14 | Paperboard 2/.......................................| 159.6 157.5 157.8 -4.0 .2 -1.2 -.3 .2 

09-15-03 | Paper boxes and containers 2/.......................| 172.0 171.2 171.4 -1.3 .1 0 -.5 .1 

09-2 | Building paper and board 2/.........................| 197.2 194.7 213.3 59.9 9.6 -8.6 19.7 9.6 

09-37 | Commercial printing (June 1982=100) 2/..............| 158.6 158.8 159.2 .5 .3 .2 .1 .3 

10-15 | Foundry and forge shop products.....................| 138.1 139.0 138.8 1.3 -.1 .4 .3 -.1 

10-17 | Steel mill products.................................| 110.7 120.8 126.9 16.0 5.0 2.9 5.9 4.7 

10-22 | Primary nonferrous metals 2/........................| 111.6 129.1 132.5 27.3 2.6 4.3 6.9 2.6 

10-25-01 | Aluminum mill shapes 2/.............................| 142.8 146.0 144.7 .7 -.9 -.4 2.7 -.9 

10-25-02 | Copper and brass mill shapes 2/.....................| 161.3 190.3 200.6 35.0 5.4 7.6 7.2 5.4 

10-26 | Nonferrous wire and cable 2/........................| 137.4 146.5 152.2 15.0 3.9 2.1 2.4 3.9 

10-3 | Metal containers 2/.................................| 109.9 111.0 111.4 2.2 .4 1.0 .4 .4 

10-4 | Hardware 2/.........................................| 157.2 159.7 159.8 2.2 .1 1.7 .1 .1 

10-5 | Plumbing fixtures and brass fittings................| 183.5 184.6 184.2 .7 -.2 -.1 -.1 -.2 

10-6 | Heating equipment 2/................................| 163.9 165.9 166.4 2.1 .3 .3 .9 .3 

10-7 | Fabricated structural metal products 2/.............| 145.8 150.1 154.0 5.9 2.6 .8 1.7 2.6 

10-88 | Fabricated ferrous wire products (June 1982=100) 2/.| 132.3 138.7 139.0 6.4 .2 .7 3.5 .2 

10-89 | Other misc. metal products 2/.......................| 127.4 127.7 128.2 .5 .4 .1 .1 .4 

11-45 | Mechanical power transmission equipment.............| 172.7 174.0 174.4 1.8 .2 .3 .3 .3 

11-48 | Air conditioning and refrigeration equipment 2/.....| 137.2 137.0 137.6 .3 .4 -.6 .3 .4 

11-49-02 | Metal valves, ex.fluid power (Dec. 1982=100)........| 170.1 170.5 172.2 1.8 1.0 0 .3 .5 

11-49-05 | Ball and roller bearings 2/.........................| 171.0 171.7 172.1 .5 .2 .5 -.1 .2 

11-71 | Wiring devices 2/...................................| 152.8 154.0 159.0 3.9 3.2 .4 1.1 3.2 

11-73 | Motors, generators, motor generator sets............| 147.3 147.8 147.7 .1 -.1 -.1 .3 -.3 

11-75 | Switchgear, switchboard, etc., equipment............| 160.5 160.2 160.4 .5 .1 .3 -.3 .3 

11-78 | Electronic components and accessories 2/............| 90.3 90.0 89.5 -1.9 -.6 -.3 .3 -.6 

11-94 | Internal combustion engines 2/......................| 145.2 145.8 145.8 1.3 0 .5 -.1 0 

11-95 | Machine shop products 2/............................| 141.2 142.3 142.1 1.1 -.1 0 .8 -.1 

13-11 | Flat glass 2/.......................................| 110.4 109.9 109.3 -1.6 -.5 0 -.3 -.5 

13-22 | Cement..............................................| 151.0 151.7 151.8 -.5 .1 -.1 .4 .3 

13-3 | Concrete products...................................| 154.7 157.4 157.0 2.5 -.3 .1 1.5 -.1 

13-6 | Asphalt felts and coatings..........................| 117.5 115.2 114.1 -.9 -1.0 -1.0 .3 -1.1 

13-7 | Gypsum products 2/..................................| 175.3 177.4 183.8 11.0 3.6 -1.9 2.1 3.6 

13-8 | Glass containers 2/.................................| 140.9 142.9 144.0 3.4 .8 1.5 -.1 .8 

14-12 | Motor vehicle parts 2/..............................| 111.6 111.3 111.3 -.5 0 .2 -.2 0 

14-23 | Aircraft engines & engine parts (Dec. 1985=100).....| 153.9 158.5 158.8 3.4 .2 2.4 -.8 .1 

14-25 | Aircraft parts & aux.equip.,nec (June 1985=100) 2/..| 150.4 150.3 150.0 -.5 -.2 .7 -.1 -.2 

15-42 | Photographic supplies 2/............................| 116.4 117.4 117.8 -.6 .3 .9 0 .3 

15-6 | Medical/surgical/personal aid devices 2/............| 155.8 158.2 157.8 2.2 -.3 .4 1.3 -.3 

 | | 

 | CRUDE MATERIALS FOR FURTHER PROCESSING................| 137.0 148.3 149.7 -1.6 .9 2.8 2.5 .7 

 | | 

 | CRUDE FOODSTUFFS AND FEEDSTUFFS......................| 125.7 121.0 130.8 23.7 8.1 -6.9 3.6 7.1 

 | | 

01-21 | Wheat 2/............................................| 107.6 108.0 105.1 8.8 -2.7 -.1 -2.3 -2.7 

01-22-02 | Corn 2/.............................................| 92.1 108.9 115.9 22.5 6.4 7.0 3.8 6.4 

01-31 | Slaughter cattle 2/.................................| 146.8 115.0 130.0 15.7 13.0 -17.4 -1.6 13.0 

01-32 | Slaughter hogs......................................| 62.5 78.4 79.9 32.1 1.9 -3.2 20.2 -4.6 

01-41-02 | Slaughter broilers/fryers...........................| 153.6 194.7 194.3 33.8 -.2 -2.6 19.8 -2.0 

01-42 | Slaughter turkeys...................................| 118.5 101.2 104.9 4.1 3.7 9.5 -2.0 .1 

01-6 | Fluid milk..........................................| 108.6 98.9 109.3 33.0 10.5 -1.4 4.4 12.2 

01-83-01-31| Soybeans 2/.........................................| 131.3 143.8 163.4 67.4 13.6 5.7 1.3 13.6 

02-52-01-03| Cane sugar, raw (Dec. 2003=100) 2/..................| (3) 99.2 101.2 (3) 2.0 -.6 -.2 2.0 

 | | 

 | CRUDE NONFOOD MATERIALS..............................| 141.4 164.9 159.8 -13.3 -3.1 9.3 1.9 -3.2 

 | | 

01-51 | Raw cotton 2/.......................................| 118.6 100.1 97.9 9.5 -2.2 6.8 -12.0 -2.2 

01-92 | Leaf tobacco 2/.....................................| 116.7 112.9 98.2 6.4 -13.0 -.3 -2.5 -13.0 

04-1 | Hides and skins (June 2001=100) 2/..................| 186.3 192.2 186.8 -2.6 -2.8 2.9 -2.5 -2.8 

05-1 | Coal 2/.............................................| 100.9 107.9 107.7 8.8 -.2 -1.6 8.7 -.2 

05-31 | Natural gas 2/......................................| 181.2 229.7 197.2 -40.3 -14.1 17.8 -.6 -14.1 

05-61 | Crude petroleum 2/..................................| 80.4 86.8 93.8 -1.4 8.1 8.1 -1.9 8.1 

08-5 | Logs, timber, etc...................................| 185.7 191.3 191.2 6.1 -.1 .5 .6 .2 

09-12 | Wastepaper 2/.......................................| 204.9 219.8 227.8 16.3 3.6 2.8 4.8 3.6 

10-11 | Iron ore 2/.........................................| 96.5 97.1 96.9 1.7 -.2 .6 0 -.2 

10-12 | Iron and steel scrap................................| 209.9 315.8 334.3 89.8 5.9 5.7 21.1 6.7 

10-21 | Nonferrous metal ores (Dec. 1983=100) 2/............| 87.7 93.0 99.6 36.8 7.1 2.8 3.0 7.1 

10-23-01 | Copper base scrap 2/................................| 145.8 177.8 193.4 59.3 8.8 4.5 12.2 8.8 

10-23-02 | Aluminum base scrap.................................| 174.0 193.3 198.5 16.6 2.7 3.2 1.6 1.4 

13-21 | Construction sand, gravel, and crushed stone........| 178.3 180.4 180.6 2.7 .1 .4 -.1 .2 

___________|________________________________________________________|_________________________________________________________________ 

 

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

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

 to 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 | Nov. 2003 | Feb. 2004 |March 2004 | 

_________|________________________________________________|___________|___________|___________| 

 | | | | | 

 | Finished Goods (1967=100)......................| 405.4 | 407.8 | 410.3 | 

 | All commodities................................| 138.9 | 141.8 | 142.7 | 

 | | | | | 

 | | | | | 

 | MAJOR COMMODITY GROUPS | | | | 

 | | | | | 

 | Farm products and processed foods and feeds....| 140.1 | 137.5 | 142.1 | 

01 | Farm products................................| 123.7 | 119.0 | 127.8 | 

02 | Processed foods and feeds....................| 148.2 | 146.5 | 148.9 | 

 | | | | | 

 | Industrial commodities.........................| 138.8 | 142.6 | 142.9 | 

03 | Textile products and apparel.................| 120.0 | 119.6 | 119.7 | 

04 | Hides, skins, leather, and related products..| 163.6 | 165.3 | 164.9 | 

05 | Fuels and related products and power.........| 108.6 | 117.5 | 116.4 | 

06 | Chemicals and allied products 2/.............| 162.1 | 167.5 | 168.1 | 

07 | Rubber and plastic products..................| 130.4 | 131.9 | 131.8 | 

08 | Lumber and wood products.....................| 184.4 | 188.6 | 193.8 | 

09 | Pulp, paper, and allied products.............| 191.1 | 192.4 | 192.9 | 

10 | Metals and metal products....................| 131.4 | 139.3 | 142.3 | 

11 | Machinery and equipment......................| 121.6 | 121.9 | 121.9 | 

12 | Furniture and household durables.............| 134.3 | 133.6 | 133.6 | 

13 | Nonmetallic mineral products.................| 148.9 | 150.2 | 150.3 | 

14 | Transportation equipment.....................| 147.9 | 147.4 | 147.7 | 

15 | Miscellaneous products.......................| 180.4 | 181.8 | 182.2 | 

 | | | | | 

 | Industrial commodities less fuels and related | | | | 

 | products and power...........................| 146.1 | 148.2 | 148.9 | 

 | | | | | 

 | | | | | 

 | OTHER COMMODITY GROUPINGS | | | | 

 | | | | | 

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

 | and tree nuts................................| 116.7 | 108.3 | 114.3 | 

01-2 | Grains.........................................| 96.6 | 108.2 | 112.4 | 

01-3 | Slaughter livestock............................| 124.4 | 106.0 | 117.4 | 

01-4 | Slaughter poultry..............................| 144.5 | 173.4 | 174.0 | 

01-5 | Plant and animal fibers........................| 119.4 | 101.1 | 99.0 | 

01-7 | Chicken eggs...................................| 182.9 | 172.0 | 199.4 | 

01-8 | Hay, hayseeds, and oilseeds....................| 149.3 | 159.9 | 178.1 | 

01-83 | Oilseeds.......................................| 141.3 | 154.4 | 174.2 | 

01-9 | Other farm products............................| 174.0 | 168.3 | 146.4 | 

02-1 | Cereal and bakery products.....................| 171.7 | 173.6 | 173.5 | 

02-2 | Meats, poultry, and fish.......................| 138.9 | 133.0 | 137.0 | 

02-22 | Processed poultry..............................| 121.2 | 130.5 | 132.1 | 

02-5 | Sugar and confectionery........................| 148.7 | 148.4 | 149.1 | 

02-6 | Beverages and beverage materials...............| 150.4 | 151.5 | 150.8 | 

02-63 | Packaged beverage materials....................| 129.0 | 129.6 | 129.7 | 

02-7 | Fats and oils..................................| 171.7 | 181.0 | 183.8 | 

03-81 | Apparel........................................| 125.9 | 124.6 | 124.7 | 

04-4 | Other leather and related products.............| 148.5 | 147.4 | 148.5 | 

05-3 | Gas fuels......................................| 170.7 | 211.9 | 185.9 | 

05-4 | Electric power.................................| 139.1 | 139.3 | 139.5 | 

05-7 | Refined petroleum products.....................| 91.6 | 103.7 | 108.1 | 

06-3 | Drugs and pharmaceuticals......................| 277.5 | 278.3 | 280.0 | 

06-5 | Agricultural chemicals and products............| 136.9 | 143.0 | 144.5 | 

06-7 | Other chemicals and allied products............| 141.8 | 142.7 | 142.5 | 

07-1 | Rubber and rubber products.....................| 119.6 | 121.9 | 122.0 | 

07-11 | Rubber, except natural rubber..................| 125.0 | 126.9 | 127.5 | 

07-13 | Miscellaneous rubber products..................| 141.1 | 141.5 | 141.5 | 

07-2 | Plastic products...............................| 138.8 | 139.9 | 139.7 | 

08-1 | Lumber.........................................| 180.2 | 190.7 | 200.3 | 

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

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

09-15 | Converted paper and paperboard products........| 165.0 | 164.9 | 164.0 | 

10-1 | Iron and steel.................................| 125.0 | 142.2 | 148.0 | 

10-2 | Nonferrous metals..............................| 128.5 | 137.9 | 140.8 | 

10-25 | Nonferrous mill shapes.........................| 138.5 | 144.6 | 144.7 | 

11-3 | Metalworking machinery and equipment...........| 150.5 | 150.9 | 151.2 | 

11-4 | General purpose machinery and equipment........| 155.8 | 156.9 | 157.4 | 

11-6 | Special industry machinery.....................| 167.4 | 168.9 | 169.4 | 

11-7 | Electrical machinery and equipment.............| 114.2 | 114.1 | 113.9 | 

11-9 | Miscellaneous machinery and equipment..........| 138.2 | 139.1 | 139.1 | 

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

13-2 | Concrete ingredients...........................| 165.2 | 166.7 | 166.9 | 

14-1 | Motor vehicles and equipment...................| 131.8 | 130.8 | 130.9 | 

15-1 | Toys, sporting goods, small arms, etc..........| 131.3 | 133.4 | 133.5 | 

15-4 | Photographic equipment and supplies............| 103.5 | 104.1 | 104.4 | 

15-9 | Other miscellaneous products...................| 141.2 | 142.4 | 142.6 | 

_________|________________________________________________|___________|___________|___________| 

 

1/ Data for November 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 selected industries and industry groups, not seasonally 

adjusted 

___________________________________________________________________________________________________________________ 

 | | | Index | Percent change 

 Industry | Industry 1/ |Index|_______________________|to_Mar._2004_from:_ 

 code | |base | | | | | 

 | | |Nov. |Feb. |Mar. | Mar. | Feb. 

 | | |2003 2/|2004 2/|2004 2/| 2003 | 2004 

__________________|______________________________________________|_____|_______|_______|_______|________|__________ 

 | | | 

 |Total mining industries...................... |12/84| 121.5 139.5 133.9 -20.8 -4.0 

 211 | Oil and gas extraction...................... |12/85| 143.7 172.4 161.3 -26.7 -6.4 

 212 | Mining (except oil & gas)................... |12/03| (3) 103.6 105.0 (3) 1.4 

 213 | Mining support activities................... |12/03| (3) 100.6 100.9 (3) .3 

 | | | 

 |Total manufacturing industries............... |12/84| 137.7 139.3 140.2 1.1 .6 

 311 | Food mfg.................................... |12/84| 141.5 139.9 142.1 5.4 1.6 

 312 | Beverage & tobacco mfg...................... |12/03| (3) 100.9 100.4 (3) -.5 

 313 | Textile mills............................... |12/03| (3) 100.3 100.3 (3) 0 

 314 | Textile product mills....................... |12/03| (3) 99.9 98.8 (3) -1.1 

 315 | Apparel Manufacturing....................... |12/03| (3) 99.9 99.9 (3) 0 

 316 | Leather & allied product mfg................ |12/84| 143.4 143.2 143.8 1.0 .4 

 321 | Wood products manufacturing................. |12/03| (3) 102.5 105.7 (3) 3.1 

 322 | Paper manufacturing......................... |12/03| (3) 99.6 99.4 (3) -.2 

 323 | Printing and related support activities..... |12/03| (3) 100.3 100.6 (3) .3 

 324 | Petroleum and coal products mfg............. |12/84| 115.5 130.7 134.3 -8.0 2.8 

 325 | Chemical mfg................................ |12/84| 165.0 167.7 168.6 2.1 .5 

 326 | Plastics and rubber products mfg............ |12/84| 128.5 129.9 129.7 1.2 -.2 

 327 | Nonmetallic mineral product mfg............. |12/84| 138.7 139.7 139.9 1.6 .1 

 331 | Primary metal mfg........................... |12/84| 120.0 128.1 131.7 11.6 2.8 

 332 | Fabricated metal product mfg................ |12/84| 133.3 135.3 136.6 2.9 1.0 

 333 | Machinery mfg............................... |12/03| (3) 100.6 101.0 (3) .4 

 334 | Computer & electronic product mfg........... |12/03| (3) 99.9 99.8 (3) -.1 

 335 | Electrical equip, appliance & component mfg. |12/03| (3) 100.8 101.6 (3) .8 

 336 | Transportation equipment mfg................ |12/03| (3) 100.1 100.3 (3) .2 

 337 | Furniture & related product mfg............. |12/84| 147.5 147.8 148.5 .9 .5 

 339 | Miscellaneous mfg........................... |12/03| (3) 100.9 100.8 (3) -.1 

 | | | 

 |Retail trade industries | | 

 441 | Motor vehicle and parts dealers............. |12/03| (3) 100.4 101.4 (3) 1.0 

 442 | Furniture and home furnishings stores....... |12/03| (3) 99.9 100.2 (3) .3 

 443 | Electronics and appliance stores............ |12/03| (3) 102.7 103.4 (3) .7 

 444 | Bldg material and garden equip and supp | | 

 | dealers.................................... |12/03| (3) 103.9 105.7 (3) 1.7 

 445 | Food and beverage stores.................... |12/99| 116.8 120.2 120.4 6.5 .2 

 446 | Health and personal care stores............. |12/03| (3) 99.2 99.1 (3) -.1 

 447 | Gasoline stations........................... |06/01| 56.6 43.3 55.1 25.5 27.3 

 448 | Clothing and clothing accessories stores.... |12/03| (3) 99.9 103.0 (3) 3.1 

 451 | Sporting goods, hobby, book and music stores |12/03| (3) 98.7 98.7 (3) 0 

 452 | General merchandise stores.................. |12/03| (3) 99.4 101.9 (3) 2.5 

 454 | Nonstore retailers.......................... |12/03| (3) 102.7 119.1 (3) 16.0 

 | | | 

 |Transportation and warehousing | | 

 481 | Air transportation.......................... |12/92| 162.3 163.7 162.8 .6 -.5 

 482 | Rail transportation......................... |12/96| 109.4 110.2 110.9 2.4 .6 

 483 | Water transportation........................ |12/03| (3) 98.7 98.9 (3) .2 

 484 | Truck transportation........................ |12/03| (3) 101.2 101.3 (3) .1 

 486110 | Pipeline transportation of crude oil........ |06/86| 110.9 116.3 114.2 2.9 -1.8 

 486910 | Pipeline transportation of refined petroleum | | 

 | products................................... |06/86| 114.4 117.0 117.0 5.5 0 

 488 | Transportation support activities........... |12/03| (3) 100.3 99.7 (3) -.6 

 491 | Postal service.............................. |06/89| 155.0 155.0 155.0 0.0 0.0 

 492 | Couriers and messengers..................... |12/03| (3) 104.9 106.0 (3) 1.0 

 | | | 

 |Utilities | | 

 221 | Utilities................................... |12/03| (3) 102.0 101.1 (3) -.9 

 | | | 

 |Health care and social assistance | | 

 6211 | Offices of physicians....................... |12/96| 112.9 114.1 114.0 2.3 -.1 

 6215 | Medical and diagnostic laboratories......... |12/03| (3) 99.8 99.9 (3) .1 

 6216 | Home health care services................... |12/96| 119.0 119.5 119.6 2.2 .1 

 622 | Hospitals................................... |12/92| 137.6 139.5 139.7 5.1 .1 

 6231 | Nursing care facilities..................... |12/03| (3) 101.5 101.8 (3) .3 

 62321 | Residential mental retardation facilities... |12/03| (3) 99.9 99.9 (3) 0 

__________________|______________________________________________|_____|___________________________________________ 

See footnotes at end of table. 
Table 4. Producer price indexes for the net output of selected industries and industry groups, not seasonally 

adjusted - Continued 

___________________________________________________________________________________________________________________ 

 | | | Index | Percent change 

 Industry | Industry 1/ |Index|_______________________|to_Mar._2004_from:_ 

 code | |base | | | | | 

 | | |Nov. |Feb. |Mar. | Mar. | Feb. 

 | | |2003 2/|2004 2/|2004 2/| 2003 | 2004 

__________________|______________________________________________|_____|_______|_______|_______|________|__________ 

 | | | 

 |Other services industries | | 

 511 | Publishing industries, except Internet...... |12/03| (3) 101.1 101.2 (3) .1 

 515 | Broadcasting, except Internet............... |12/03| (3) 98.4 100.0 (3) 1.6 

 517 | Telecommunications.......................... |12/03| (3) 100.0 99.8 (3) -.2 

 5182 | Data processing and related services........ |12/03| (3) 100.2 100.1 (3) -.1 

 523 | Security, commodity contracts and like | | 

 | activity................................... |12/03| (3) 101.7 101.5 (3) -.2 

 53112 | Lessors of nonres bldg (exc miniwarehouse).. |12/03| (3) 99.4 99.0 (3) -.4 

 5312 | Offices of real estate agents and brokers... |12/03| (3) 100.2 100.3 (3) .1 

 5313 | Real estate support activities.............. |12/03| (3) 100.2 101.1 (3) .9 

 5321 | Automotive equipment rental and leasing..... |06/01| 108.5 110.5 106.7 2.0 -3.4 

 5411 | Legal services.............................. |12/96| 126.4 132.1 131.8 5.4 -.2 

 541211 | Offices of certified public accountants..... |12/03| (3) 101.3 101.1 (3) -.2 

 5413 | Architectural, engineering and related | | 

 | services................................... |12/96| 124.8 126.6 126.7 2.4 .1 

 54181 | Advertising agencies........................ |12/03| (3) 99.5 99.8 (3) .3 

 5613 | Employment services......................... |12/96| 111.8 112.0 112.5 1.4 .4 

 56151 | Travel agencies............................. |12/03| (3) 100.7 100.5 (3) -.2 

 56172 | Janitorial services......................... |12/03| (3) 100.4 100.6 (3) .2 

 5621 | Waste collection............................ |12/03| (3) 100.8 100.8 (3) 0 

 721 | Accommodation |12/96| 121.2 121.5 125.2 2.1 3.0 

__________________|______________________________________________|_____|___________________________________________ 

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 the movements of similarly titled indexes 

 which are derived from traditional commodity groupings. 

2/ The indexes for November 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 replaced the SIC system beginning with the release of PPI data for January 2004. 
Table 5. Producer price indexes by stage of processing, seasonally adjusted 

(1982=100) 

_____________________________________________________________________________________________________________ 

 | 

 | Index 1/ 

 |_____________________________________________________ 

 Grouping | | | | | | 

 | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. 

 | 2003 | 2003 | 2003 | 2004 | 2004 | 2004 

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

 | 

 Finished goods...................................| 144.7 144.5 144.8 145.7 145.8 146.6 

 Finished consumer goods........................| 147.1 146.7 147.1 148.2 148.3 149.3 

 Finished consumer foods......................| 150.5 150.1 150.4 148.3 148.6 150.8 

 Crude......................................| 134.1 134.5 147.3 135.1 132.1 144.7 

 Processed..................................| 151.9 151.4 150.6 149.4 149.9 151.2 

 Finished consumer goods, excluding foods.....| 145.4 145.0 145.5 147.8 147.9 148.4 

 Nondurable goods less foods................| 149.0 148.5 149.3 152.5 152.8 153.1 

 Durable goods..............................| 133.9 134.0 133.6 134.1 133.8 134.6 

 Capital equipment..............................| 140.0 140.1 140.1 140.5 140.5 140.9 

 Manufacturing industries.....................| 140.1 140.2 140.3 140.7 141.0 141.3 

 Nonmanufacturing industries..................| 140.0 140.0 139.9 140.4 140.3 140.7 

 | 

 Intermediate materials, supplies, and components.| 134.4 134.4 134.9 136.0 137.2 138.2 

 Materials and components for manufacturing.....| 130.5 130.8 131.1 131.8 133.2 134.1 

 Materials for food manufacturing.............| 141.1 141.6 141.3 139.1 139.7 141.9 

 Materials for nondurable manufacturing.......| 137.3 137.4 138.3 140.1 141.1 141.6 

 Materials for durable manufacturing..........| 129.6 130.6 131.2 132.5 137.2 140.0 

 Components for manufacturing.................| 125.8 125.9 125.7 125.9 126.2 126.2 

 Materials and components for construction......| 155.4 155.9 155.9 156.3 158.5 160.7 

 Processed fuels and lubricants.................| 112.7 111.3 112.8 115.8 116.6 117.3 

 Manufacturing industries ....................| 117.5 115.9 115.8 117.7 118.9 118.8 

 Nonmanufacturing industries..................| 109.7 108.4 110.9 114.7 115.2 116.3 

 Containers.....................................| 153.2 153.4 153.4 153.9 153.8 154.1 

 Supplies.......................................| 141.9 142.7 142.7 143.3 143.8 144.8 

 Manufacturing industries.....................| 146.7 146.8 147.0 147.2 147.5 147.6 

 Nonmanufacturing industries..................| 139.5 140.4 140.5 141.2 141.7 142.9 

 Feeds......................................| 109.2 118.6 117.2 117.7 117.5 124.5 

 Other supplies.............................| 143.4 143.5 143.6 144.4 145.0 145.6 

 | 

 Crude materials for further processing...........| 137.9 137.9 141.4 145.3 148.9 149.9 

 Foodstuffs and feedstuffs......................| 127.7 126.9 127.2 118.4 122.7 131.4 

 Nonfood materials..............................| 141.4 142.1 148.0 161.8 164.8 159.6 

 Nonfood materials except fuel 2/.............| 119.7 122.1 124.7 130.9 134.4 140.6 

 Manufacturing 2/...........................| 110.1 112.3 114.8 120.6 123.8 129.6 

 Construction...............................| 182.0 182.7 184.9 186.3 187.3 189.2 

 Crude fuel 3/................................| 163.3 161.2 172.1 197.6 199.2 174.8 

 Manufacturing industries...................| 155.8 153.9 163.9 187.3 189.3 166.8 

 Nonmanufacturing industries................| 167.0 164.8 176.0 202.1 203.7 178.7 

 | 

 Special groupings | 

 | 

 Finished goods, excluding foods..................| 143.0 142.8 143.1 144.8 144.9 145.3 

 Intermediate materials less foods and feeds......| 134.6 134.5 135.0 136.3 137.5 138.4 

 Intermediate foods and feeds.....................| 131.3 134.7 134.0 132.7 133.0 136.8 

 Crude materials less agricultural products 2/....| 142.7 143.1 149.5 163.8 167.2 162.0 

 | 

 Finished energy goods............................| 102.4 101.7 103.2 108.0 108.2 108.8 

 Finished goods less energy.......................| 150.7 150.6 150.6 150.3 150.4 151.3 

 Finished consumer goods less energy..............| 155.4 155.2 155.1 154.6 154.7 155.8 

 | 

 Finished goods less foods and energy.............| 151.2 151.2 151.0 151.4 151.5 151.8 

 Finished consumer goods less foods and energy....| 158.7 158.7 158.3 158.8 158.8 159.2 

 Consumer nondurable goods less foods and energy..| 178.7 178.6 178.2 178.6 179.0 178.9 

 | 

 Intermediate energy goods........................| 111.9 110.4 111.9 114.9 115.6 116.2 

 Intermediate materials less energy...............| 138.5 138.9 139.1 139.8 141.1 142.1 

 Intermediate materials less foods and energy.....| 139.1 139.3 139.6 140.4 141.7 142.6 

 | 

 Crude energy materials 2/........................| 134.3 132.5 139.3 156.7 156.7 147.1 

 Crude materials less energy......................| 135.8 137.0 138.3 133.5 139.2 146.8 

 Crude nonfood materials less energy 3/...........| 160.3 167.2 171.1 176.8 186.6 191.6 

_____________________________________________________________________________________________________________ 

 

 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 November 2003 have been 

 recalculated to incorporate late reports and corrections by respondents. 

 2/ Includes crude petroleum. 

 3/ Excludes crude petroleum.