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Producer prices for final demand up 0.8 percent for year ended December 2020
January 22, 2021
From December 2019 to December 2020, producer prices for final demand increased 0.8 percent. Over that period, prices for final demand goods increased 0.2 percent, while prices for final demand services increased 1.1 percent.
12-month percent change in Producer Price Index for final demand, selected commodities, December 2020, not seasonally adjusted
Category
12-month percent change
Final demand
0.8%
Final demand goods
0.2
Final demand foods
1.2
Oilseeds
31.1
Grains
14.4
Fresh fruits and melons
-11.7
Eggs for fresh use
-28.8
Final demand energy
-7.1
Residential natural gas
4.0
Liquefied petroleum gas
-9.3
Gasoline
-20.8
Home heating oil and distillates
-24.4
Final demand goods less foods and energy
1.7
Iron and steel scrap
40.6
Mobile homes
9.0
Women's, girls', and infants' apparel
-4.7
Industrial chemicals
-4.7
Final demand services
1.1
Final demand trade services
1.7
Automobiles retailing
49.5
RVs, trailers, and campers retailing
32.5
Machinery and vehicle wholesaling
-9.1
Cleaning supplies and paper products retailing
-19.8
Final demand transportation and warehousing services
-6.2
Courier, messenger, and U.S. postal services
3.3
Truck transportation of freight
2.3
Air transportation of freight
1.8
Airline passenger services
-25.7
Final demand services less trade, transportation, and warehousing
1.5
Sales and subscriptions of periodicals and newspapers
12.4
Portfolio management
8.6
Arrangement of cruises and tours
-15.9
Traveler accommodation services
-19.1
Note: All data are subject to revision 4 months after originally published.
For the year ended December 2020, within final demand foods, producer prices for oilseeds increased 31.1 percent, while prices for grains increased 14.4 percent. Over that period, prices for eggs for fresh use decreased 28.8 percent and prices for fresh fruits and melons decreased 11.7 percent.
Within energy, prices for residential natural gas increased 4.0 percent for the year ended December 2020. Prices for home heating oil and distillates decreased 24.4 percent and prices for gasoline decreased 20.8 percent.
From December 2019 to December 2020, prices for final demand trade services increased 1.7 percent. Prices for automobiles retailing increased 49.5 percent and prices for RVs, trailers, and campers retailing increased 32.5 percent. Prices for cleaning supplies and paper products retailing decreased 19.8 percent.
Prices for final demand transportation and warehousing services decreased 6.2 percent for the year ended December 2020, as prices for airline passenger services decreased 25.7 percent.
United States Department of Labor
