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Final demand producer prices up 4.2 percent over the year ended March 2021
April 13, 2021
The Producer Price Index for final demand increased 4.2 percent for the 12 months ended in March 2021. Prices for final demand goods increased 7.0 percent over this 12-month period. Final demand less foods and energy prices increased 3.6 percent. Final demand services prices increased 3.0 percent, while final demand construction prices increased 1.5 percent over the year ended in March.
12-month change in selected Producer Price Indexes final demand commodity groupings, March 2021, not seasonally adjusted
Grouping
Percent change, March 2020–March 2021
Final demand
4.2%
Final demand goods
7.0
Final demand energy
24.3
Liquefied petroleum gas
162.3
No. 2 diesel fuel
79.5
Gasoline
52.5
Home heating oil and distillates
32.9
Residential natural gas
7.6
Residential electric power
4.2
Final demand foods
5.1
Oilseeds
62.6
Grains
40.7
Finfish and shellfish
22.8
Shortening and cooking oils
16.9
Beef and veal
14.6
Pork
13.7
Processed young chickens
12.5
Eggs for fresh use
7.9
Processed turkeys
5.9
Processed fruits and vegetables
3.4
Soft drinks
3.3
Pasta products
2.9
Milled rice
2.2
Roasted coffee
1.7
Fresh fruits and melons
-0.2
Bakery products
-0.4
Frozen specialty food
-1.5
Dairy products
-1.9
Confectionery end products
-4.9
Fresh and dry vegetables
-10.8
Final demand goods less foods and energy
3.6
Mobile homes
14.7
Cigarettes
7.6
Jewelry, platinum and karat gold
5.3
Sporting and athletic goods
4.1
Toys, games, and children's vehicles
4.0
Costume jewelry and novelties
3.8
Light motor trucks
3.1
Household furniture
2.0
Household appliances
1.9
Passenger cars
1.8
Tires
1.8
Pet food
1.3
Pharmaceutical preparations
1.3
Soaps and detergents
1.3
Footwear
0.9
Sanitary paper products
0.5
Home electronic equipment
0.0
Cosmetics and other toiletries
-0.2
Cleaning and polishing products
-0.4
Medical, surgical & personal aid devices
-0.4
Men's and boys' apparel
-0.8
Alcoholic beverages
-1.0
Women's, girls', and infants' apparel
-2.1
Textile housefurnishings
-3.0
Final demand services
3.0
Final demand trade services
3.3
RVs, trailers, and campers retailing
38.0
Hardware, building materials, and supplies retailing
32.2
Major household appliances retailing
16.7
Furniture retailing
6.8
Automotive parts, including tires, retailing
6.7
Sporting goods, including boats, retailing
5.8
Flooring and floor coverings retailing
5.7
Book retailing
4.8
Lawn, garden, and farm equipment and supplies retailing
3.1
Health, beauty, and optical goods retailing
0.4
Computer hardware, software, and supplies retailing
-0.6
Food and alcohol retailing
-0.8
Apparel, jewelry, footwear, and accessories retailing
-1.0
TV, video, and photographic equipment and supplies retailing
-2.2
Cleaning supplies and paper products retailing
-5.9
Fuels and lubricants retailing
-9.3
Final demand services less trade, transportation, and warehousing
3.0
Passenger car rental
11.2
Sales and subscriptions of periodicals and newspapers
7.3
Cable and satellite subscriber services
5.4
Tax preparation and planning
5.1
Sales of books
4.3
Hospital outpatient care
4.2
Dental care
4.1
Hospital inpatient care
4.0
Legal services
3.5
Nursing home care
2.8
Physician care
2.7
Application software publishing
2.4
Home health and hospice care
2.0
Health and medical insurance
0.9
Medical laboratory and diagnostic imaging care
0.7
Life insurance
-0.2
Wireless telecommunication services
-0.8
Residential wired telecommunication services
-1.7
Property and casualty insurance
-1.8
Internet access services
-2.7
Traveler accommodation services
-8.9
Final demand transportation and warehousing services
2.2
Truck transportation of freight
7.3
Air transportation of freight
4.0
Courier, messenger, and U.S. postal services
3.9
Rail transportation of freight and mail
2.0
Rail transportation of passengers
1.6
Airline passenger services
-8.6
Final demand construction
1.5
New office building construction
3.3
New industrial building construction
1.9
New school building construction
1.0
New health care building construction
0.8
New warehouse building construction
-0.3
Within the final demand goods grouping, final demand energy prices increased 24.3 percent over the past year, which includes a 52.5-percent increase in gasoline prices.
Final demand foods prices (also part of the final demand goods grouping), were up 5.1 percent. Prices for processed young chickens, pork, and beef and veal were up, while prices for fresh and dry vegetables were lower in March 2021 than in March 2020.
Prices for final demand trade services increased 3.3 percent. Prices for final demand services less trade, transportation, and warehousing were up 3.0 percent, while final demand prices for transportation and warehousing services increased 2.2 percent.
United States Department of Labor
