{"id":136265,"date":"2022-02-15T07:48:35","date_gmt":"2022-02-15T15:48:35","guid":{"rendered":"http:\/\/new.thepinetree.net\/?p=136265"},"modified":"2022-02-15T07:48:35","modified_gmt":"2022-02-15T15:48:35","slug":"inflation-roars-as-producer-price-index-jumps-1-in-january-for-9-7-annualized-rate","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=136265","title":{"rendered":"Inflation Roars as Producer Price Index Jumps 1% in January for 9.7% Annualized Rate"},"content":{"rendered":"

Washington, DC…The Producer Price Index for final demand increased 1.0 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.4 percent in December 2021 and 0.9 percent in November. (See table A.) On an unadjusted basis, final demand prices moved up 9.7 percent for the 12 months ended January 2022. <\/p>\n

\"\"<\/a><\/p>\n

In January, the index for final demand services rose 0.7 percent, and prices for final demand
\ngoods moved up 1.3 percent.<\/p>\n

Prices for final demand less foods, energy, and trade services increased 0.9 percent in January
\n2022, the largest increase since rising 1.0 percent in January 2021. For the 12 months ended
\nJanuary 2022, the index for final demand less foods, energy, and trade services moved up 6.9
\npercent. <\/p>\n

Final Demand<\/p>\n

Final demand services: Prices for final demand services advanced 0.7 percent in January, the same
\nas in December. Three-fourths of the rise in January can be traced to a 0.9-percent increase in the
\nindex for final demand services less trade, transportation, and warehousing. Likewise, margins for
\nfinal demand trade services moved up 0.6 percent. (Trade indexes measure changes in margins
\nreceived by wholesalers and retailers.) Prices for final demand transportation and warehousing
\nservices were unchanged. <\/p>\n

Product detail: A major factor in the January increase in the index for final demand services was
\nhospital outpatient care prices, which rose 1.6 percent. The indexes for machinery and vehicle
\nwholesaling; apparel, jewelry, footwear, and accessories retailing; traveler accommodation services;
\nportfolio management; and truck transportation of freight also moved higher. Conversely, margins
\nfor fuels and lubricants retailing fell 9.7 percent. The indexes for transportation of passengers
\n(partial) and for physician care also decreased. (See table 2.)<\/p>\n

Final demand goods: Prices for final demand goods advanced 1.3 percent in January after declining
\n0.1 percent in December. Over 40 percent of the broad-based increase can be traced to a 0.8-percent
\nrise in the index for final demand goods less foods and energy. Prices for final demand energy and
\nfor final demand foods also moved higher, 2.5 percent and 1.6 percent, respectively. <\/p>\n

Product detail: Within the final demand goods category in January, the index for motor vehicles and
\nequipment rose 0.7 percent. Prices for diesel fuel, gasoline, beef and veal, dairy products, and jet fuel
\nalso increased. In contrast, the index for iron and steel scrap decreased 10.7 percent. Prices for
\nunprocessed finfish and for natural gas also moved lower.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted<\/span><\/caption>\n
Month<\/th>\nTotal
\nfinal
\ndemand<\/th>\n		Final
\ndemand
\nless
\nfoods,
\nenergy,
\nand
\ntrade<\/th>\n		Final demand goods<\/th>\nFinal demand services<\/th>\nChange
\nin final
\ndemand
\nfrom 12
\nmonths
\nago
\n(unadj.)<\/th>\n		Change
\nin final
\ndemand
\nless
\nfoods,
\nenergy,
\nand
\ntrade
\nfrom 12
\nmo. ago
\n(unadj.)<\/th>\n<\/tr>\n
Total<\/th>\nFoods<\/th>\nEnergy<\/th>\nLess
\nfoods
\nand
\nenergy<\/th>\n		Total<\/th>\nTrade<\/th>\nTransportation
\nand
\nwarehousing<\/th>\n		Other<\/th>\n<\/tr>\n<\/thead>\n
\n

2021<\/p>\n<\/th>\n

<\/td>\n<\/tr>\n
\n

Jan.<\/p>\n<\/th>\n

1.2<\/span><\/td>\n1.0<\/span><\/td>\n1.5<\/span><\/td>\n1.7<\/span><\/td>\n4.6<\/span><\/td>\n0.8<\/span><\/td>\n1.0<\/span><\/td>\n0.7<\/span><\/td>\n1.0<\/span><\/td>\n1.2<\/span><\/td>\n1.6<\/span><\/td>\n1.9<\/span><\/td>\n<\/tr>\n
\n

Feb.<\/p>\n<\/th>\n

0.7<\/span><\/td>\n0.4<\/span><\/td>\n1.4<\/span><\/td>\n1.2<\/span><\/td>\n5.6<\/span><\/td>\n0.5<\/span><\/td>\n0.3<\/span><\/td>\n0.3<\/span><\/td>\n1.2<\/span><\/td>\n0.2<\/span><\/td>\n3.0<\/span><\/td>\n2.3<\/span><\/td>\n<\/tr>\n
\n

Mar.<\/p>\n<\/th>\n

0.7<\/span><\/td>\n0.6<\/span><\/td>\n1.3<\/span><\/td>\n0.6<\/span><\/td>\n3.8<\/span><\/td>\n0.9<\/span><\/td>\n0.4<\/span><\/td>\n0.2<\/span><\/td>\n1.3<\/span><\/td>\n0.5<\/span><\/td>\n4.1<\/span><\/td>\n3.1<\/span><\/td>\n<\/tr>\n
\n

Apr.<\/p>\n<\/th>\n

1.0<\/span><\/td>\n0.8<\/span><\/td>\n0.8<\/span><\/td>\n1.4<\/span><\/td>\n-0.3<\/span><\/td>\n1.0<\/span><\/td>\n1.1<\/span><\/td>\n2.1<\/span><\/td>\n3.1<\/span><\/td>\n0.3<\/span><\/td>\n6.5<\/span><\/td>\n4.8<\/span><\/td>\n<\/tr>\n
\n

May<\/p>\n<\/th>\n

1.0<\/span><\/td>\n0.5<\/span><\/td>\n1.4<\/span><\/td>\n2.5<\/span><\/td>\n1.5<\/span><\/td>\n1.1<\/span><\/td>\n0.7<\/span><\/td>\n1.8<\/span><\/td>\n0.2<\/span><\/td>\n0.2<\/span><\/td>\n7.0<\/span><\/td>\n5.3<\/span><\/td>\n<\/tr>\n
\n

June<\/p>\n<\/th>\n

0.8<\/span><\/td>\n0.6<\/span><\/td>\n1.3<\/span><\/td>\n0.8<\/span><\/td>\n2.9<\/span><\/td>\n1.0<\/span><\/td>\n0.6<\/span><\/td>\n0.8<\/span><\/td>\n1.4<\/span><\/td>\n0.4<\/span><\/td>\n7.6<\/span><\/td>\n5.6<\/span><\/td>\n<\/tr>\n
\n

July<\/p>\n<\/th>\n

0.9<\/span><\/td>\n0.7<\/span><\/td>\n0.8<\/span><\/td>\n-0.9<\/span><\/td>\n2.2<\/span><\/td>\n0.8<\/span><\/td>\n1.0<\/span><\/td>\n1.7<\/span><\/td>\n2.5<\/span><\/td>\n0.5<\/span><\/td>\n8.0<\/span><\/td>\n6.0<\/span><\/td>\n<\/tr>\n
\n

Aug.<\/p>\n<\/th>\n

0.9<\/span><\/td>\n0.4<\/span><\/td>\n1.0<\/span><\/td>\n2.1<\/span><\/td>\n1.3<\/span><\/td>\n0.6<\/span><\/td>\n0.8<\/span><\/td>\n2.1<\/span><\/td>\n0.8<\/span><\/td>\n0.2<\/span><\/td>\n8.7<\/span><\/td>\n6.2<\/span><\/td>\n<\/tr>\n
\n

Sept.(1<\/a>)<\/span><\/p>\n<\/th>\n

0.5<\/span><\/td>\n0.3<\/span><\/td>\n1.2<\/span><\/td>\n2.1<\/span><\/td>\n2.5<\/span><\/td>\n0.6<\/span><\/td>\n0.1<\/span><\/td>\n0.0<\/span><\/td>\n-1.0<\/span><\/td>\n0.3<\/span><\/td>\n8.8<\/span><\/td>\n6.1<\/span><\/td>\n<\/tr>\n
\n

Oct.(1<\/a>)<\/span><\/p>\n<\/th>\n

0.7<\/span><\/td>\n0.4<\/span><\/td>\n1.3<\/span><\/td>\n-0.1<\/span><\/td>\n5.0<\/span><\/td>\n0.7<\/span><\/td>\n0.2<\/span><\/td>\n0.6<\/span><\/td>\n1.1<\/span><\/td>\n-0.1<\/span><\/td>\n8.9<\/span><\/td>\n6.2<\/span><\/td>\n<\/tr>\n
\n

Nov.(1<\/a>)<\/span><\/p>\n<\/th>\n

0.9<\/span><\/td>\n0.8<\/span><\/td>\n0.9<\/span><\/td>\n1.2<\/span><\/td>\n0.9<\/span><\/td>\n0.8<\/span><\/td>\n0.9<\/span><\/td>\n1.1<\/span><\/td>\n2.6<\/span><\/td>\n0.6<\/span><\/td>\n9.8<\/span><\/td>\n7.0<\/span><\/td>\n<\/tr>\n
\n

Dec.(1<\/a>)<\/span><\/p>\n<\/th>\n

0.4<\/span><\/td>\n0.4<\/span><\/td>\n-0.1<\/span><\/td>\n-0.3<\/span><\/td>\n-1.7<\/span><\/td>\n0.4<\/span><\/td>\n0.7<\/span><\/td>\n1.5<\/span><\/td>\n1.6<\/span><\/td>\n0.2<\/span><\/td>\n9.8<\/span><\/td>\n7.0<\/span><\/td>\n<\/tr>\n
\n

2022<\/p>\n<\/th>\n

<\/td>\n<\/tr>\n
\n

Jan.<\/p>\n<\/th>\n

1.0<\/span><\/td>\n0.9<\/span><\/td>\n1.3<\/span><\/td>\n1.6<\/span><\/td>\n2.5<\/span><\/td>\n0.8<\/span><\/td>\n0.7<\/span><\/td>\n0.6<\/span><\/td>\n0.0<\/span><\/td>\n0.9<\/span><\/td>\n9.7<\/span><\/td>\n6.9<\/span><\/td>\n<\/tr>\n<\/tbody>\n
\n

Footnotes<\/span>
\n<\/a>(1)\u00a0Some of the percent changes shown here and elsewhere in this release may differ from those previously reported because seasonal adjustment factors have been recalculated to reflect developments during 2021. In addition, indexes for September 2021 through December 2021 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to monthly revisions up to 4 months after original publication.<\/p>\n<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n

Intermediate Demand by Commodity Type\r\n\r\nWithin intermediate demand in January, prices for processed goods increased 1.7 percent, the index \r\nfor unprocessed goods fell 2.0 percent, and prices for services advanced 0.4 percent. (See tables B \r\nand C.)\r\n\r\nProcessed goods for intermediate demand: The index for processed goods for intermediate \r\ndemand rose 1.7 percent in January after declining 0.1 percent in December. Over half of the broad-\r\nbased increase in January can be traced to prices for processed materials less foods and energy, \r\nwhich advanced 1.2 percent. The indexes for processed energy goods and for processed foods and \r\nfeeds climbed 3.4 percent and 2.4 percent, respectively. For the 12 months ended in January, prices \r\nfor processed goods for intermediate demand jumped 24.1 percent.\r\n\r\nProduct detail: In January, a 25.4-percent increase in the index for softwood lumber was a major \r\ncontributor to the rise in prices for processed goods for intermediate demand. The indexes for diesel \r\nfuel, nonferrous metals, electric power, metal containers, and dairy products also moved higher. In \r\ncontrast, prices for hot rolled steel sheet and strip decreased 6.4 percent. The indexes for natural gas \r\nto electric utilities and for pork also fell.\r\n\r\nUnprocessed goods for intermediate demand: The index for unprocessed goods for intermediate \r\ndemand declined 2.0 percent in January after falling 4.8 percent in December. Most of the January \r\ndecrease is attributable to prices for unprocessed energy materials, which dropped 4.7 percent. The \r\nindex for unprocessed foodstuffs and feedstuffs moved down 0.7 percent. In contrast, prices for \r\nunprocessed nonfood materials less energy edged up 0.1 percent. For the 12 months ended in \r\nJanuary, the index for unprocessed goods for intermediate demand increased 29.7 percent.\r\n\r\nProduct detail: Leading the January decline in the index for unprocessed goods for intermediate \r\ndemand, natural gas prices dropped 26.1 percent. The indexes for iron and steel scrap, raw milk, \r\nslaughter hogs, unprocessed finfish, and slaughter cattle also moved lower. Conversely, prices for \r\nnonferrous metal ores rose 6.5 percent. The indexes for crude petroleum and for hay, hayseeds, and \r\noilseeds also increased. \r\n\r\n<\/pre>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Table B. Monthly and 12-month percent changes in selected intermediate demand price indexes for goods by commodity type, seasonally adjusted<\/span><\/caption>\n
Month<\/th>\nProcessed goods for intermediate demand<\/th>\nUnprocessed goods for intermediate demand<\/th>\n<\/tr>\n
Total<\/th>\nFoods
\nand
\nfeeds<\/th>\n		Energy
\ngoods<\/th>\n		Less
\nfoods
\nand
\nenergy<\/th>\n		Total,
\nchange
\nfrom 12
\nmonths
\nago
\n(unadj.)<\/th>\n		Total<\/th>\nFoodstuffs
\nand
\nfeedstuffs<\/th>\n		Energy
\nmaterials<\/th>\n		Nonfood
\nmaterials
\nless
\nenergy<\/th>\n		Total,
\nchange
\nfrom 12
\nmonths
\nago
\n(unadj.)<\/th>\n<\/tr>\n<\/thead>\n
\n
2021<\/p>\n<\/th>\n
<\/td>\n<\/tr>\n
\n
Jan.<\/p>\n<\/th>\n
1.8<\/span><\/td>\n0.9<\/span><\/td>\n2.1<\/span><\/td>\n1.8<\/span><\/td>\n3.4<\/span><\/td>\n5.8<\/span><\/td>\n4.0<\/span><\/td>\n5.4<\/span><\/td>\n8.6<\/span><\/td>\n7.9<\/span><\/td>\n<\/tr>\n
\n
Feb.<\/p>\n<\/th>\n
2.7<\/span><\/td>\n2.2<\/span><\/td>\n6.1<\/span><\/td>\n1.9<\/span><\/td>\n7.1<\/span><\/td>\n11.8<\/span><\/td>\n2.2<\/span><\/td>\n33.7<\/span><\/td>\n-0.7<\/span><\/td>\n29.2<\/span><\/td>\n<\/tr>\n
\n
Mar.<\/p>\n<\/th>\n
3.4<\/span><\/td>\n1.4<\/span><\/td>\n7.3<\/span><\/td>\n2.7<\/span><\/td>\n12.4<\/span><\/td>\n-4.0<\/span><\/td>\n1.8<\/span><\/td>\n-13.4<\/span><\/td>\n1.9<\/span><\/td>\n34.8<\/span><\/td>\n<\/tr>\n
\n
Apr.<\/p>\n<\/th>\n
2.1<\/span><\/td>\n2.4<\/span><\/td>\n-1.8<\/span><\/td>\n3.0<\/span><\/td>\n18.7<\/span><\/td>\n0.8<\/span><\/td>\n5.6<\/span><\/td>\n-4.9<\/span><\/td>\n1.9<\/span><\/td>\n59.2<\/span><\/td>\n<\/tr>\n
\n
May<\/p>\n<\/th>\n
2.8<\/span><\/td>\n2.6<\/span><\/td>\n3.3<\/span><\/td>\n2.7<\/span><\/td>\n22.3<\/span><\/td>\n7.9<\/span><\/td>\n6.8<\/span><\/td>\n8.3<\/span><\/td>\n8.8<\/span><\/td>\n57.8<\/span><\/td>\n<\/tr>\n
\n
June<\/p>\n<\/th>\n
1.7<\/span><\/td>\n1.6<\/span><\/td>\n0.8<\/span><\/td>\n2.0<\/span><\/td>\n23.0<\/span><\/td>\n2.1<\/span><\/td>\n-0.5<\/span><\/td>\n5.6<\/span><\/td>\n1.0<\/span><\/td>\n52.9<\/span><\/td>\n<\/tr>\n
\n
July<\/p>\n<\/th>\n
1.6<\/span><\/td>\n-0.6<\/span><\/td>\n3.4<\/span><\/td>\n1.4<\/span><\/td>\n23.1<\/span><\/td>\n3.2<\/span><\/td>\n-1.0<\/span><\/td>\n9.7<\/span><\/td>\n0.6<\/span><\/td>\n56.0<\/span><\/td>\n<\/tr>\n
\n
Aug.<\/p>\n<\/th>\n
1.0<\/span><\/td>\n1.5<\/span><\/td>\n0.0<\/span><\/td>\n1.1<\/span><\/td>\n23.0<\/span><\/td>\n1.4<\/span><\/td>\n3.0<\/span><\/td>\n0.2<\/span><\/td>\n1.4<\/span><\/td>\n52.5<\/span><\/td>\n<\/tr>\n
\n
Sept.(1<\/a>)<\/span><\/p>\n<\/th>\n
1.2<\/span><\/td>\n1.5<\/span><\/td>\n2.1<\/span><\/td>\n0.9<\/span><\/td>\n23.8<\/span><\/td>\n2.8<\/span><\/td>\n0.8<\/span><\/td>\n8.0<\/span><\/td>\n-1.8<\/span><\/td>\n48.5<\/span><\/td>\n<\/tr>\n
\n
Oct.(1<\/a>)<\/span><\/p>\n<\/th>\n
2.4<\/span><\/td>\n-0.4<\/span><\/td>\n6.7<\/span><\/td>\n1.6<\/span><\/td>\n25.7<\/span><\/td>\n6.0<\/span><\/td>\n-2.2<\/span><\/td>\n17.7<\/span><\/td>\n-1.5<\/span><\/td>\n55.5<\/span><\/td>\n<\/tr>\n
\n
Nov.(1<\/a>)<\/span><\/p>\n<\/th>\n
1.5<\/span><\/td>\n0.1<\/span><\/td>\n2.5<\/span><\/td>\n1.4<\/span><\/td>\n26.6<\/span><\/td>\n2.3<\/span><\/td>\n1.2<\/span><\/td>\n2.4<\/span><\/td>\n3.4<\/span><\/td>\n49.5<\/span><\/td>\n<\/tr>\n
\n
Dec.(1<\/a>)<\/span><\/p>\n<\/th>\n
-0.1<\/span><\/td>\n0.0<\/span><\/td>\n-2.9<\/span><\/td>\n0.6<\/span><\/td>\n24.3<\/span><\/td>\n-4.8<\/span><\/td>\n3.7<\/span><\/td>\n-12.0<\/span><\/td>\n-1.8<\/span><\/td>\n40.0<\/span><\/td>\n<\/tr>\n
\n
2022<\/p>\n<\/th>\n
<\/td>\n<\/tr>\n
\n
Jan.<\/p>\n<\/th>\n
1.7<\/span><\/td>\n2.4<\/span><\/td>\n3.4<\/span><\/td>\n1.2<\/span><\/td>\n24.1<\/span><\/td>\n-2.0<\/span><\/td>\n-0.7<\/span><\/td>\n-4.7<\/span><\/td>\n0.1<\/span><\/td>\n29.7<\/span><\/td>\n<\/tr>\n<\/tbody>\n
\n
Footnotes<\/span>
\n<\/a>(1)\u00a0Some of the percent changes shown here and elsewhere in this release may differ from those previously reported because seasonal adjustment factors have been recalculated to reflect developments during 2021. In addition, indexes for September 2021 through December 2021 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to monthly revisions up to 4 months after original publication.<\/p>\n<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n
Services for intermediate demand: The index for services for intermediate demand moved up 0.4 \r\npercent in January, the third consecutive increase. Most of the rise in January can be attributed to a \r\n0.6-percent advance in prices for services less trade, transportation, and warehousing for intermediate \r\ndemand. The index for transportation and warehousing services for intermediate demand moved up \r\n0.3 percent, while margins for trade services for intermediate demand were unchanged. For the 12 \r\nmonths ended in January, the index for services for intermediate demand advanced 7.3 percent.\r\n\r\nProduct detail: Over a fifth of the January rise in the index for services for intermediate demand can \r\nbe traced to a 2.7-percent advance in prices for architectural and engineering services. The indexes \r\nfor hardware, building materials, and supplies retailing; gross rents for retail properties; portfolio \r\nmanagement; legal services; and warehousing, storage, and related services also increased. In \r\ncontrast, margins for chemicals and allied products wholesaling fell 4.1 percent. The indexes for \r\narrangement of freight and cargo transportation and for radio advertising time sales also declined.\r\n\r\n<\/pre>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Table C. Monthly and 12-month percent changes in selected intermediate demand price indexes for services by commodity type, seasonally adjusted<\/span><\/caption>\n
Month<\/th>\nServices for intermediate demand<\/th>\n<\/tr>\n
Total<\/th>\nTrade<\/th>\nTransportation
\nand
\nwarehousing<\/th>\n		Other<\/th>\nTotal, change
\nfrom 12 months
\nago (unadj.)<\/th>\n<\/tr>\n<\/thead>\n
\n
2021<\/p>\n<\/th>\n
<\/td>\n<\/tr>\n
\n
Jan.<\/p>\n<\/th>\n
1.2<\/span><\/td>\n1.3<\/span><\/td>\n0.7<\/span><\/td>\n1.3<\/span><\/td>\n3.0<\/span><\/td>\n<\/tr>\n
\n
Feb.<\/p>\n<\/th>\n
0.3<\/span><\/td>\n0.1<\/span><\/td>\n1.3<\/span><\/td>\n0.2<\/span><\/td>\n3.6<\/span><\/td>\n<\/tr>\n
\n
Mar.<\/p>\n<\/th>\n
0.6<\/span><\/td>\n1.2<\/span><\/td>\n0.9<\/span><\/td>\n0.5<\/span><\/td>\n4.3<\/span><\/td>\n<\/tr>\n
\n
Apr.<\/p>\n<\/th>\n
1.3<\/span><\/td>\n2.5<\/span><\/td>\n2.2<\/span><\/td>\n0.6<\/span><\/td>\n7.3<\/span><\/td>\n<\/tr>\n
\n
May<\/p>\n<\/th>\n
0.6<\/span><\/td>\n2.2<\/span><\/td>\n0.8<\/span><\/td>\n0.1<\/span><\/td>\n8.4<\/span><\/td>\n<\/tr>\n
\n
June<\/p>\n<\/th>\n
1.2<\/span><\/td>\n2.5<\/span><\/td>\n2.0<\/span><\/td>\n0.6<\/span><\/td>\n9.3<\/span><\/td>\n<\/tr>\n
\n
July<\/p>\n<\/th>\n
0.6<\/span><\/td>\n1.1<\/span><\/td>\n0.7<\/span><\/td>\n0.4<\/span><\/td>\n9.5<\/span><\/td>\n<\/tr>\n
\n
Aug.<\/p>\n<\/th>\n
0.4<\/span><\/td>\n1.9<\/span><\/td>\n0.8<\/span><\/td>\n-0.2<\/span><\/td>\n9.0<\/span><\/td>\n<\/tr>\n
\n
Sept.(1<\/a>)<\/span><\/p>\n<\/th>\n
0.3<\/span><\/td>\n-1.2<\/span><\/td>\n2.5<\/span><\/td>\n0.4<\/span><\/td>\n8.2<\/span><\/td>\n<\/tr>\n
\n
Oct.(1<\/a>)<\/span><\/p>\n<\/th>\n
0.0<\/span><\/td>\n0.5<\/span><\/td>\n0.5<\/span><\/td>\n-0.3<\/span><\/td>\n7.4<\/span><\/td>\n<\/tr>\n
\n
Nov.(1<\/a>)<\/span><\/p>\n<\/th>\n
0.6<\/span><\/td>\n-0.5<\/span><\/td>\n0.9<\/span><\/td>\n0.9<\/span><\/td>\n8.1<\/span><\/td>\n<\/tr>\n
\n
Dec.(1<\/a>)<\/span><\/p>\n<\/th>\n
0.7<\/span><\/td>\n0.8<\/span><\/td>\n1.6<\/span><\/td>\n0.5<\/span><\/td>\n8.1<\/span><\/td>\n<\/tr>\n
\n
2022<\/p>\n<\/th>\n
<\/td>\n<\/tr>\n
\n
Jan.<\/p>\n<\/th>\n
0.4<\/span><\/td>\n0.0<\/span><\/td>\n0.3<\/span><\/td>\n0.6<\/span><\/td>\n7.3<\/span><\/td>\n<\/tr>\n<\/tbody>\n
\n
Footnotes<\/span>
\n<\/a>(1)\u00a0Some of the percent changes shown here and elsewhere in this release may differ from those previously reported because seasonal adjustment factors have been recalculated to reflect developments during 2021. In addition, indexes for September 2021 through December 2021 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to monthly revisions up to 4 months after original publication.<\/p>\n<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n
Intermediate Demand by Production Flow\r\n\r\nStage 4 intermediate demand: The index for stage 4 intermediate demand rose 1.1 percent in \r\nJanuary after moving up 0.5 percent in December. In January, prices for total goods inputs to stage 4 \r\nintermediate demand advanced 1.7 percent, and the index for total services inputs climbed 0.6 \r\npercent. (See table D.) Increases in prices for metal containers, architectural and engineering \r\nservices, softwood lumber, portfolio management, gross rents for retail properties, and diesel fuel \r\noutweighed decreases in the indexes for chemicals and allied products wholesaling, hot rolled steel \r\nsheet and strip, and unprocessed finfish. For the 12 months ended in January, prices for stage 4 \r\nintermediate demand rose 12.2 percent.\r\n\r\nStage 3 intermediate demand: The index for stage 3 intermediate demand moved up 0.8 percent in \r\nJanuary after rising 0.7 percent in December. In January, prices for total goods inputs to stage 3 \r\nintermediate demand increased 1.0 percent, and the index for total services inputs advanced 0.4 \r\npercent. Rising prices for diesel fuel, jet fuel, nonferrous metals, softwood lumber, architectural and \r\nengineering services, and slaughter poultry outweighed declines in the indexes for hot rolled steel \r\nsheet and strip, raw milk, and arrangement of freight and cargo transportation. For the 12 months \r\nended in January, prices for stage 3 intermediate demand jumped 19.0 percent.\r\n\r\nStage 2 intermediate demand: The index for stage 2 intermediate demand declined 0.5 percent in \r\nJanuary after decreasing 2.2 percent in December. In January, prices for total goods inputs to stage 2 \r\nintermediate demand fell 1.3 percent. Conversely, the index for total services inputs advanced 0.1 \r\npercent. Decreases in the indexes for natural gas, iron and steel scrap, ethanol, fuels and lubricants \r\nretailing, arrangement of freight and cargo transportation, and radio advertising time sales \r\noutweighed increases in prices for legal services, crude petroleum, and nonferrous metals. For the 12 \r\nmonths ended in January, prices for stage 2 intermediate demand rose 17.9 percent. \r\n\r\nStage 1 intermediate demand: Prices for stage 1 intermediate demand moved up 1.0 percent in \r\nJanuary following a 0.3-percent advance in December. In January, the index for total goods inputs to \r\nstage 1 intermediate demand rose 1.3 percent, and prices for total services inputs increased 0.5 \r\npercent. Advances in the indexes for diesel fuel; hardware, building materials, and supplies retailing; \r\ntraveler accommodation services; architectural and engineering services; general purpose machinery \r\nand equipment; and paints and allied products outweighed decreases in the indexes for iron and steel \r\nscrap, hot rolled steel sheet and strip, and chemicals and allied products wholesaling. For the 12 \r\nmonths ended in January, prices for stage 1 intermediate demand jumped 16.7 percent.\r\n\r\n<\/pre>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Table D. Monthly percent changes in selected intermediate demand price indexes by production flow, seasonally adjusted<\/span><\/caption>\n
Month<\/th>\nStage 4 intermediate
\ndemand<\/th>\n		Stage 3 intermediate
\ndemand<\/th>\n		Stage 2 intermediate
\ndemand<\/th>\n		Stage 1 intermediate
\ndemand<\/th>\n<\/tr>\n
Total<\/th>\nGoods
\ninputs<\/th>\n		Services
\ninputs<\/th>\n		Total<\/th>\nGoods
\ninputs<\/th>\n		Services
\ninputs<\/th>\n		Total<\/th>\nGoods
\ninputs<\/th>\n		Services
\ninputs<\/th>\n		Total<\/th>\nGoods
\ninputs<\/th>\n		Services
\ninputs<\/th>\n<\/tr>\n<\/thead>\n
\n
2021<\/p>\n<\/th>\n
<\/td>\n<\/tr>\n
\n
Jan.<\/p>\n<\/th>\n
1.3<\/span><\/td>\n1.5<\/span><\/td>\n1.3<\/span><\/td>\n2.0<\/span><\/td>\n2.2<\/span><\/td>\n1.6<\/span><\/td>\n2.5<\/span><\/td>\n4.8<\/span><\/td>\n0.9<\/span><\/td>\n1.8<\/span><\/td>\n2.4<\/span><\/td>\n1.3<\/span><\/td>\n<\/tr>\n
\n
Feb.<\/p>\n<\/th>\n
0.8<\/span><\/td>\n1.5<\/span><\/td>\n0.2<\/span><\/td>\n2.1<\/span><\/td>\n4.0<\/span><\/td>\n0.5<\/span><\/td>\n5.5<\/span><\/td>\n12.4<\/span><\/td>\n0.2<\/span><\/td>\n1.5<\/span><\/td>\n2.8<\/span><\/td>\n0.2<\/span><\/td>\n<\/tr>\n
\n
Mar.<\/p>\n<\/th>\n
1.4<\/span><\/td>\n1.9<\/span><\/td>\n0.7<\/span><\/td>\n2.4<\/span><\/td>\n4.4<\/span><\/td>\n0.6<\/span><\/td>\n-1.5<\/span><\/td>\n-3.9<\/span><\/td>\n0.6<\/span><\/td>\n2.2<\/span><\/td>\n3.7<\/span><\/td>\n0.9<\/span><\/td>\n<\/tr>\n
\n
Apr.<\/p>\n<\/th>\n
1.4<\/span><\/td>\n1.7<\/span><\/td>\n1.2<\/span><\/td>\n2.7<\/span><\/td>\n4.3<\/span><\/td>\n1.3<\/span><\/td>\n0.4<\/span><\/td>\n-0.5<\/span><\/td>\n1.2<\/span><\/td>\n1.7<\/span><\/td>\n1.9<\/span><\/td>\n1.6<\/span><\/td>\n<\/tr>\n
\n
May<\/p>\n<\/th>\n
1.2<\/span><\/td>\n2.2<\/span><\/td>\n0.5<\/span><\/td>\n2.4<\/span><\/td>\n3.8<\/span><\/td>\n0.9<\/span><\/td>\n3.0<\/span><\/td>\n6.3<\/span><\/td>\n0.3<\/span><\/td>\n2.6<\/span><\/td>\n3.9<\/span><\/td>\n1.3<\/span><\/td>\n<\/tr>\n
\n
June<\/p>\n<\/th>\n
1.3<\/span><\/td>\n1.5<\/span><\/td>\n1.1<\/span><\/td>\n1.6<\/span><\/td>\n1.8<\/span><\/td>\n1.3<\/span><\/td>\n2.1<\/span><\/td>\n3.1<\/span><\/td>\n1.2<\/span><\/td>\n1.5<\/span><\/td>\n1.6<\/span><\/td>\n1.5<\/span><\/td>\n<\/tr>\n
\n
July<\/p>\n<\/th>\n
1.0<\/span><\/td>\n1.0<\/span><\/td>\n1.0<\/span><\/td>\n1.0<\/span><\/td>\n1.6<\/span><\/td>\n0.4<\/span><\/td>\n2.3<\/span><\/td>\n4.3<\/span><\/td>\n0.6<\/span><\/td>\n1.4<\/span><\/td>\n2.1<\/span><\/td>\n0.8<\/span><\/td>\n<\/tr>\n
\n
Aug.<\/p>\n<\/th>\n
0.7<\/span><\/td>\n0.9<\/span><\/td>\n0.6<\/span><\/td>\n1.0<\/span><\/td>\n1.6<\/span><\/td>\n0.4<\/span><\/td>\n0.7<\/span><\/td>\n0.9<\/span><\/td>\n0.5<\/span><\/td>\n0.8<\/span><\/td>\n1.3<\/span><\/td>\n0.5<\/span><\/td>\n<\/tr>\n
\n
Sept.(1<\/a>)<\/span><\/p>\n<\/th>\n
0.4<\/span><\/td>\n0.8<\/span><\/td>\n0.1<\/span><\/td>\n1.1<\/span><\/td>\n1.2<\/span><\/td>\n1.0<\/span><\/td>\n2.2<\/span><\/td>\n3.6<\/span><\/td>\n0.9<\/span><\/td>\n0.2<\/span><\/td>\n0.7<\/span><\/td>\n-0.3<\/span><\/td>\n<\/tr>\n
\n
Oct.(1<\/a>)<\/span><\/p>\n<\/th>\n
0.6<\/span><\/td>\n1.3<\/span><\/td>\n0.0<\/span><\/td>\n1.0<\/span><\/td>\n1.9<\/span><\/td>\n0.2<\/span><\/td>\n3.7<\/span><\/td>\n7.8<\/span><\/td>\n-0.1<\/span><\/td>\n1.1<\/span><\/td>\n2.5<\/span><\/td>\n-0.3<\/span><\/td>\n<\/tr>\n
\n
Nov.(1<\/a>)<\/span><\/p>\n<\/th>\n
1.1<\/span><\/td>\n1.5<\/span><\/td>\n0.8<\/span><\/td>\n0.8<\/span><\/td>\n1.2<\/span><\/td>\n0.4<\/span><\/td>\n1.2<\/span><\/td>\n1.7<\/span><\/td>\n0.7<\/span><\/td>\n1.2<\/span><\/td>\n2.0<\/span><\/td>\n0.4<\/span><\/td>\n<\/tr>\n
\n
Dec.(1<\/a>)<\/span><\/p>\n<\/th>\n
0.5<\/span><\/td>\n0.6<\/span><\/td>\n0.4<\/span><\/td>\n0.7<\/span><\/td>\n0.5<\/span><\/td>\n0.9<\/span><\/td>\n-2.2<\/span><\/td>\n-5.5<\/span><\/td>\n1.1<\/span><\/td>\n0.3<\/span><\/td>\n-0.1<\/span><\/td>\n0.7<\/span><\/td>\n<\/tr>\n
\n
2022<\/p>\n<\/th>\n
<\/td>\n<\/tr>\n
\n
Jan.<\/p>\n<\/th>\n
1.1<\/span><\/td>\n1.7<\/span><\/td>\n0.6<\/span><\/td>\n0.8<\/span><\/td>\n1.0<\/span><\/td>\n0.4<\/span><\/td>\n-0.5<\/span><\/td>\n-1.3<\/span><\/td>\n0.1<\/span><\/td>\n1.0<\/span><\/td>\n1.3<\/span><\/td>\n0.5<\/span><\/td>\n<\/tr>\n<\/tbody>\n
\n
Footnotes<\/span>
\n<\/a>(1)\u00a0Some of the percent changes shown here and elsewhere in this release may differ from those previously reported because seasonal adjustment factors have been recalculated to reflect developments during 2021. In addition, indexes for September 2021 through December 2021 have been recalculated to incorporate late reports and corrections by respondents. All indexes are subject to monthly revisions up to 4 months after original publication.<\/p>\n<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n
________________\r\nThe Producer Price Index for February 2022 is scheduled to be released on Tuesday, March 15, 2022 at \r\n8:30 a.m. (ET).\r\n\r\n                                                   *****\r\n                                 Recalculation of Seasonal Adjustment Factors\r\n\r\nEffective with this release, seasonal adjustment factors have been recalculated to reflect price-movement \r\npatterns during 2021 for the Final Demand-Intermediate Demand (FD-ID) system and commodity-\r\ngrouping indexes. This routine annual recalculation may affect previously published seasonally adjusted \r\nindexes and percent changes for January 2017 through December 2021. \r\n\r\nRevised seasonally adjusted data for this period, as well as seasonal adjustment factors for directly \r\nadjusted commodity indexes to be used through December 2022, were released February 11, 2022. To \r\nobtain this information, contact the Producer Price Index Section of Index Analysis and Public \r\nInformation at ppi-info@bls.gov or (202) 691-7705, or visit the Producer Price Index homepage at \r\nwww.bls.gov\/ppi.\r\n\r\nTables E and F below provide monthly seasonally adjusted percent changes for major FD-ID system \r\nindexes in 2021, based on former and recalculated seasonal factors. These percent changes include final \r\nprice data through August 2021 and may differ from values shown in tables A through D of this release, \r\nwhich include final price data through September 2021 and revised interim data for October through \r\nDecember.\r\n\r\nTable E.  Over-the-month percent changes in major final demand indexes, seasonally adjusted, using former\r\nand recalculated seasonal factors for 2021\r\n\r\n               Final           Final demand       Final demand    Final demand less foods,\r\n               demand             goods             services     energy, and trade services\r\nMonth      Former  Recalc.    Former  Recalc.    Former  Recalc.      Former    Recalc.\r\nJanuary      1.2     1.2        1.6     1.5        1.0     1.0          1.0       1.0\r\nFebruary      .7      .7        1.6     1.4         .3      .3           .4        .4\r\nMarch         .8      .7        1.5     1.3         .3      .4           .6        .6\r\nApril        1.0     1.0         .7      .8        1.2     1.1           .8        .8\r\nMay           .9     1.0        1.5     1.4         .6      .7           .5        .5\r\nJune          .9      .8        1.2     1.3         .6      .6           .6        .6\r\nJuly          .9      .9         .7      .8        1.0     1.0           .8        .7\r\nAugust        .9      .9         .9     1.0         .9      .8           .4        .4\r\nSeptember     .4      .5        1.1     1.2         .1      .2           .3        .3\r\nOctober       .6      .7        1.3     1.3         .2      .2           .3        .4\r\nNovember     1.0      .9        1.1      .9         .9      .8           .8        .8\r\nDecember      .2      .3        -.4     -.1         .5      .6           .4        .3\r\n\r\n\r\nTable F.  Over-the-month percent changes in major intermediate demand indexes, \r\nseasonally adjusted, using former and recalculated seasonal factors for 2021\r\n\r\n            Processed goods for       Unprocessed goods for          Services for\r\n            intermediate demand        intermediate demand        intermediate demand\r\nMonth      Former   Recalculated      Former   Recalculated      Former   Recalculated\r\nJanuary      1.8        1.8             5.3        5.8             1.1        1.2          \r\nFebruary     2.9        2.7            11.9       11.8              .3         .3          \r\nMarch        3.5        3.4            -4.2       -4.0              .6         .6          \r\nApril        1.9        2.1             2.0         .8             1.3        1.3          \r\nMay          2.9        2.8             7.2        7.9              .6         .6          \r\nJune         1.8        1.7             1.8        2.1             1.2        1.2          \r\nJuly         1.6        1.6             2.9        3.2              .6         .6          \r\nAugust        .9        1.0             1.9        1.4              .4         .4          \r\nSeptember    1.1        1.2             2.7        2.8              .4         .4          \r\nOctober      2.4        2.4             5.8        6.1              .0         .0          \r\nNovember     1.6        1.4             2.1        2.0              .3         .3          \r\nDecember     -.3         .0            -5.6       -6.0              .8         .7          \r\n\r\n\r\n\r\n<\/pre>\n
\u00a0Technical notes<\/a><\/div>\n
\u00a0Table 1. Producer price index percent changes and weights for Final Demand – Intermediate Demand groupings, seasonally adjusted<\/a><\/div>\n
\u00a0Table 2. Producer price index percent changes for selected commodity groupings by Final Demand – Intermediate Demand category, seasonally adjusted<\/a><\/div>\n
\u00a0Table 3. Producer price indexes Final Demand – Intermediate Demand groupings, seasonally adjusted<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"
Washington, DC…The Producer Price Index for final demand increased 1.0 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.4 percent in December 2021 and 0.9 percent in November. (See table A.) On an unadjusted basis, final demand prices moved up 9.7 percent for the 12 […]<\/p>\n","protected":false},"author":1,"featured_media":6322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,149,5,1],"tags":[],"class_list":["post-136265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-financial","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/blslogo.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/136265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136265"}],"version-history":[{"count":1,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/136265\/revisions"}],"predecessor-version":[{"id":136266,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/136265\/revisions\/136266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/6322"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}