Jamie Pentagulio

The BLS released April 2020 PPI today. The All commodities index dropped 3.0% from March – April 2020 & decreased 2.1% between April ’19 – April 2020.

Commodities Affected by COVID-19 & the Related Supply/Demand Volatility

For the foreseeable future, our monthly BLS PPI release blogs will highlight price changes for commodities experiencing above average supply & demand volatility due to the Coronavirus outbreak.


Fruits & melons, fresh/dry vegetables & nuts saw a 5.1% decrease between March – April 2020 and a 5.6% decrease between April 2019 – April 2020. Processed foods & feeds increased by 0.3% over the last month and rose 0.7% over the last 12 months. Chicken eggs saw a 7.9% inflation between March – April 2020 and a 78.6% inflation from April 2019 – April 2020. Meats, poultry and fish rose 3.3% over the last month and increased 0.5% between April 2019 to April 2020. Beverages and beverage materials increased 0.3% in the last month & increased 1.6% over the last 12 months. Cereal and bakery products increased 0.3% over the last month & increased 1.3% over the last 12 months. Processed fruits and vegetables saw an increase of 0.1% between March – April 2020 and increased 1.0% between April ’19 – ’20. Miscellaneous processed foods decreased 0.3% over the last month and saw an increase of 1.4% between April 2019 – April 2020. Sugar and confectionery saw a 0.8% decrease in the last month and an increase of 1.8% over the last 12 months. Dairy products decreased by 4.5% since between March – April 2020 and a decline of 2.5% between April 2019 – April 2020.

Cleaning & Sanitation Supplies

Polish & other sanitation goods (includes bleach) rose 1.0% over the last month and increased 3.7% from April ’19 – ’20. Other specialty cleaning and sanitation products increased 3.4% in the last month & increased by 4.3% over the last 12 months. Specialty cleaning and sanitation products increased 0.2% over the last month & increased 3.9% inflation between April ’19 – ’20. Disinfectants (nonagricultural, industrial & institutional) decreased by 5.4% in the last month & increased 10.6% over the last 12 months. Sanitary paper products, including stock, decreased 0.2% between March – April ’20 and increased 0.8% between April ’19 – ’20.

Drugs, Pharmaceuticals & Personal Protective Equipment

Drugs and pharmaceuticals were unchanged between March & April and increased 2% between April ’19 – ’20. Pharmaceutical preparations fell by 0.1% in the last month and rose 2.1% over the last 12 months. Biological products, including diagnostics decreased 0.1% since last month’s PPI release and increased 1.6% between April ’19 – ’20. Medicinal & botanical chemicals, drugs & other products increased 0.3% over the last month & increased 2.3% increase over the last 12 months. All other surgical and medical items (includes gloves and respirators) increased 0.8% between March – April ’20 increased 4.5% between April ’19 – ’20. Personal safety equipment & clothing (includes masks, gowns & headgear) fell 0.1% over the last month and rose 1.4% between April ’19 – ’20.

Other Price Change Highlights

Fuels and related products and power fell 18.0% since over the last month decreased 33.6% between April ’19 – ’20. Chemicals & allied products declined 3.8% in the last month and decreased 5.4% over the last 12 months. Wastepaper increased 50.4% over the last month increased 33.3% between April ’19 – ’20. Farm products decreased by 8.9% since over the last month & declined 11.2% between April ’19 – ’20. Concrete ingredients (and related products) rose by 1.0% over the last month & increased 4.1% over the last 12 months. Construction sand, gravel & crushed stone increased 0.6% in the last month and increased 5.3% growth over the last 12 months. Concrete products increased 0.5% over the last month and increased 3.5% over the last year.

BLS PPI Historical Annual Inflation Rate Averages Table for Selected Commodities Through April 2020:

 PPI CodeBLS PPI Category Description1 Month Apr. '20YTD Apr. '201 Year Apr. '203 Year Apr. '205 Year Apr. '2010 Year Apr. '2020 Year Apr. '20
01FARM PRODUCTS-8.9%-13.3%-11.2%-4.7%-4.0%0.1%1.7%
011Fruits & melons, fresh/dry vegs. & nuts-5.1%-15.7%-5.6%-7.4%0.7%1.0%2.6%
013Slaughter livestock-6.2%-10.3%-19.0%-6.1%-7.4%0.9%1.3%
014Slaughter poultry-35.4%-38.5%-44.9%-18.4%-13.2%-3.8%0.6%
015Raw cotton-14.5%-20.8%-32.4%-13.4%-5.7%-2.6%-0.4%
016Raw milk-4.7%-14.0%5.6%0.9%1.4%0.6%1.8%
017Chicken eggs7.9%13.8%78.6%19.6%2.6%1.8%3.5%
018Hay, hayseeds and oilseeds-1.5%-3.9%-3.5%-0.4%-2.2%0.2%2.6%
02PROCESSED FOODS AND FEEDS0.3%-0.3%0.7%1.0%0.1%1.6%2.3%
021Cereal and bakery products0.3%0.6%1.3%1.9%0.8%1.7%2.5%
022Meats, poultry, and fish3.3%0.4%0.5%0.8%-1.4%2.1%2.1%
023Dairy products-4.5%-6.9%-2.5%-0.1%0.3%1.2%1.9%
024Processed fruits and vegetables0.1%1.0%0.1%1.3%1.2%1.7%2.5%
025Sugar and confectionery-0.8%-1.2%1.8%1.4%0.7%1.2%2.7%
026Beverages and beverage materials0.3%1.4%1.6%1.8%1.4%1.5%2.0%
027Fats and oils0.3%0.0%-1.3%-3.3%-0.8%0.6%3.6%
028Miscellaneous processed foods-0.3%0.6%1.4%1.4%0.8%1.4%2.0%
029Prepared animal feeds0.8%1.7%1.7%0.8%-0.3%1.2%3.2%
03TEXTILE PRODUCTS AND APPAREL-0.1%-0.7%-1.1%0.9%0.6%1.3%1.1%
031Synthetic fibers-0.4%-2.4%-3.0%1.6%1.0%1.2%0.9%
032Processed yarns and threads-1.0%-0.8%-2.5%0.0%0.2%1.1%1.3%
033Greige fabrics0.2%-0.8%-1.8%0.3%-0.3%0.8%1.1%
034Finished fabrics-0.1%-0.5%-0.2%1.4%0.9%1.8%1.3%
038Apparel & other fabricated textile prods0.4%0.1%1.0%1.2%1.0%1.7%1.0%
039Miscellaneous textile products/services-0.2%-1.2%-8.3%-3.7%-2.2%-0.4%0.6%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS-3.3%-7.4%-11.6%-8.5%-7.4%-1.2%0.1%
041Hides and skins, incl. cattle-11.6%-24.4%-34.9%-25.0%-20.6%-6.8%-2.7%
044Other leather and related products-0.2%0.7%0.4%1.4%1.2%2.0%1.5%
05FUELS AND RELATED PRODUCTS AND POWER-18.0%-29.7%-33.6%-10.2%-6.1%-4.1%1.1%
053Gas fuels-21.6%-45.1%-50.6%-26.7%-15.1%-14.8%-4.0%
055Utility natural gas-2.7%-7.5%-9.7%-4.0%-1.2%-2.0%2.0%
056Crude petroleum (domestic production)-48.9%-72.6%-75.6%-33.0%-20.8%-14.0%-2.0%
057Petroleum products, refined-39.3%-51.5%-55.7%-18.0%-11.9%-7.5%0.4%
058Asphalt and other petroleum and coal products, n.e.c.-5.5%-4.5%-28.2%2.9%-4.2%1.3%5.4%
06CHEMICALS AND ALLIED PRODUCTS-3.8%-3.6%-5.4%-0.8%0.7%1.2%3.0%
061Industrial chemicals-11.1%-12.8%-17.2%-6.2%-2.3%-2.2%2.5%
062Paints and allied products0.2%0.2%2.9%3.8%1.8%2.3%3.3%
063Drugs and pharmaceuticals0.0%2.2%2.0%3.6%4.8%5.0%4.5%
064Fats and oils, inedible-4.2%-3.7%-0.7%-4.9%-2.5%-1.4%5.1%
065Agricultural chemicals and chemical products-1.2%-2.4%-10.6%-1.2%-2.9%0.5%2.6%
066Plastic resins and materials-4.8%-3.9%-3.7%-3.5%-1.9%0.0%2.0%
067Other chemicals and allied products0.0%0.1%0.5%1.5%1.3%1.7%2.1%
07RUBBER AND PLASTIC PRODUCTS0.0%-0.1%-0.7%1.0%0.8%1.5%2.3%
071Rubber and rubber products-0.3%0.2%-0.8%-0.2%0.6%1.2%2.2%
072Plastic products0.1%-0.1%-0.7%1.4%0.8%1.6%2.3%
08LUMBER AND WOOD PRODUCTS-1.9%0.4%-1.2%1.0%1.1%2.2%1.3%
084Other wood products-0.1%0.4%0.3%3.5%1.8%2.5%1.5%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products0.3%0.8%-1.2%-0.2%-0.1%1.2%0.8%
086Prefabricated wood buildings & components0.4%0.8%2.0%3.2%2.5%2.3%2.4%
087Treated wood and contract wood preserving-0.5%0.2%0.8%1.5%0.4%2.0%1.3%
09PULP,PAPER, AND ALLIED PRODUCTS0.7%0.9%-0.8%0.7%0.8%1.2%1.7%
091Pulp, paper, and prod., ex. bldg. paper1.1%0.8%-1.9%0.4%0.5%1.3%1.6%
092Building paper & building board mill prods.-5.1%4.7%4.1%-0.9%2.9%2.9%1.8%
094Publications, printed matter & printing material0.3%0.7%1.9%1.8%1.2%1.0%
10METALS AND METAL PRODUCTS-1.7%-0.4%-4.4%1.5%1.1%0.7%2.6%
101Iron and steel-3.6%-0.7%-12.6%-1.3%0.4%-0.3%2.8%
102Nonferrous metals-2.5%-0.9%-1.2%2.5%1.4%0.8%3.3%
103Metal containers-0.3%0.2%-0.7%2.9%1.5%-0.1%2.2%
105Plumbing fixtures and fittings-0.1%1.1%2.1%3.4%2.3%2.2%2.3%
106Heating equipment0.9%-0.1%2.2%3.7%2.9%2.6%3.1%
107Fabricated structural metal products0.0%0.3%-0.8%3.2%1.9%1.9%2.5%
108Miscellaneous metal products0.1%-0.2%-0.5%2.3%1.1%1.1%1.7%
11MACHINERY AND EQUIPMENT-0.1%0.6%1.0%1.6%1.1%1.0%0.8%
111Agricultural machinery and equipment0.0%0.5%2.4%2.3%1.8%1.8%2.4%
112Construction machinery and equipment0.0%1.2%2.1%2.4%1.8%2.2%2.3%
113Metalworking machinery and equipment0.1%0.4%0.6%1.8%1.3%1.6%1.4%
114General purpose machinery and equipment0.3%0.9%1.5%2.8%2.1%2.3%2.6%
115Electronic computers and computer equipment0.0%-1.9%-4.5%-2.5%-2.7%-3.6%-5.9%
116Special industry machinery and equipment0.1%0.8%2.0%1.8%1.4%1.3%1.4%
117Electrical machinery and equipment-0.4%0.4%0.6%1.0%0.6%0.3%-0.1%
118Miscellaneous instruments-0.1%1.0%1.3%1.8%1.7%1.7%1.7%
119Miscellaneous machinery0.1%0.4%1.0%1.5%0.8%0.8%1.7%
12FURNITURE AND HOUSEHOLD DURABLES-0.1%0.5%1.8%2.4%1.7%1.6%1.5%
121Household furniture0.3%-0.3%1.5%2.2%1.7%1.8%1.9%
122Commercial furniture-0.6%1.1%3.8%3.2%2.4%2.1%2.1%
123Floor coverings0.0%0.5%-0.2%2.5%1.4%1.5%2.2%
124Household appliances0.6%0.6%0.7%2.4%1.4%1.3%0.7%
125Home electronic equipment-0.2%0.4%2.3%0.8%0.5%0.0%-1.5%
126Other household durable goods-0.1%0.6%0.8%1.3%1.1%1.1%1.3%
13NONMETALIC MINERAL PRODUCTS-0.3%1.8%1.9%2.7%2.4%2.5%3.0%
132Concrete ingredients and related products1.0%3.3%4.1%3.9%3.8%3.2%3.7%
133Concrete products0.5%2.7%3.5%3.2%3.1%2.9%3.3%
134Clay construction products ex. refractories0.3%0.7%1.4%1.4%1.0%0.8%1.2%
136Asphalt felts and coatings-0.8%0.3%1.4%3.6%1.6%1.3%4.5%
137Gypsum products-1.2%0.6%-2.2%-0.5%1.7%4.9%1.9%
138Glass containers0.0%2.4%3.0%2.4%1.6%1.7%2.6%
139Other nonmetallic minerals-2.0%0.5%-0.5%1.7%0.8%1.9%3.0%
14TRANSPORTATION EQUIPMENT-0.3%-0.3%0.2%0.7%0.8%1.1%1.2%
141Motor vehicles and equipment-0.6%-0.8%-0.4%0.4%0.6%0.9%0.7%
142Aircraft and aircraft equipment0.2%0.6%1.3%1.4%1.1%1.6%2.4%
143Ships and boats0.0%0.3%2.7%1.8%1.5%1.6%2.5%
144Railroad equipment0.0%0.2%-1.5%0.1%0.5%1.0%2.1%
149Transportation equipment, n.e.c.0.0%0.5%1.0%1.7%1.7%1.2%1.3%
15MISCELLANEOUS PRODUCTS0.0%1.0%2.6%2.9%2.6%2.5%2.5%
151Toys, sporting goods, small arms, etc.0.0%-0.1%2.1%1.6%1.1%1.1%1.2%
152Tobacco products, incl. stemmed & redried0.1%1.8%4.9%5.6%5.7%5.5%4.4%
154Photographic equipment and supplies2.1%0.9%1.0%3.0%1.9%2.4%1.3%
155Mobile homes0.0%1.2%10.7%5.5%4.2%4.0%3.7%
156Medical, surgical & personal aid devices0.3%1.2%1.9%1.4%1.1%1.0%1.2%
157Other industrial safety equipment-0.1%1.1%1.4%0.4%0.9%1.3%1.5%
159Other miscellaneous products-0.8%-0.1%1.0%2.8%2.2%1.8%1.8%

Note: Capitalized BLS PPI Category Descriptions are Major Commodity Groups (All 2-digit PPI Codes are Major Commodity Groups)

CPI vs. PPI Supermarket Inflation Comparison Through April 2020:

Inflation Rate PeriodPPI InflationCPI InflationDIFF: PPI vs. CPI
4 Months Ended April '20-0.33%2.41%-2.74%
3 Months Ended March '200.04%0.87%-0.83%
2 Months Ended February '20-0.10%0.63%-0.73%
1 Month Ended January '200.45%0.27%0.18%
12 Months Ended December '191.29%0.85%0.44%
12 Months Ended December '182.85%0.41%2.44%
12 Months Ended December '172.85%0.47%2.39%
12 Months Ended December '161.32%0.10%1.22%
12 Months Ended December '150.19%0.11%0.08%
12 Months Ended December '145.07%2.46%2.61%
12 Months Ended December '132.04%0.14%1.90%
12 Months Ended December '122.72%1.00%1.71%
12 Months Ended December '115.20%4.07%1.13%
12 Months Ended December '102.92%0.90%2.03%
3 Year Average Ended Dec. '192.33%0.57%1.76%
5 Year Average Ended Dec. '191.70%0.39%1.31%
10 Year Average Ended Dec. '192.65%1.05%1.60%
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