Jamie Pentagulio

The BLS released April 2021 PPI today. The all commodities index rose 0.6% in the last month and increased 17.3% in the last twelve months. Processed foods and feeds rose by 2.6% from March 2021 and saw a 7.5% rise since April 2020. Meats, poultry and fish rose by 7.5% in the last month and increased 17.0% in the last twelve months. Dairy products saw a 3.2% rise since March 2021 and rose 5.6% since April 2020. Chemicals and allied products rose 2.2% in the last month and saw an increase of 17.8% in the last twelve months. Industrial chemicals increased by 3.2% from March 2021 and increased 39.7% since April 2020. Plastic resins and materials increased by 6.8% in the last month and rose 41.1% in the last twelve months. Rubber and plastic products rose 2.7% from March 2021 and increased 6.5% since April 2020. Plastic products increased 3.1% in the last month and rose by 7.7% in the last twelve months. Lumber and wood products saw a 3.8% rise from March 2021 and increased 36.5% from April 2020. Lumber rose 5.7% in the last month and saw an increase of 89.5% in the last twelve months. Plywood increased 10.0% since March 2021 and rose by 70.9% from April 2020. Pulp, paper and allied products increased 1.9% in the last month and rose by 7.2% in the last twelve months. Building paper and building board mill products saw a 9.2% increase from March 2021 and rose 90.0% since April 2020. Metals and metal products increased by 5.2% in the last month and rose 26.7% in the last twelve months. Iron and steel rose 11.5% since March 2021 and rose 57.8% from April 2020. Steel mill products saw an 18.4% increase in the last month and a rise of 65.8% in the last twelve months. Nonferrous mill shapes rose by 4.4% since March 2021 and increased by 26.0% from April 2020. Nonferrous wire and cable increased 4.8% in the last month and rose 25.5% in the last twelve months. Sheet metal products increased 4.8% from March 2021 and rose by 11.4% since April 2020. Structural, architectural and pre-engineered metal products increased 2.0% in the last month and rose by 11.6% in the last twelve months. Agricultural machinery and equipment jumped 0.4% from March 2021 and rose 2.4% since April 2020. Wiring devices increased by 2.3% in the last month and rose by 8.8% in the last twelve months. Motor vehicles and equipment rose 0.4% from March 2021 and increased 2.5% since April 2020. Manufactured homes (mobile homes) of all sizes saw a 5.8% rise in the last month and rose 20.6% in the last twelve months.




BLS PPI Annual Inflation Rate Averages Table for Selected Commodities Through March 2021

 PPI CodeBLS PPI Category Description1M Apr. '21YTD Apr. '211Y Apr. '213Y Apr. '215Y Apr. '2110Y Apr. '2120Y Apr. '21
01FARM PRODUCTS4.2%11.6%32.7%5.4%3.7%-0.1%3.0%
011Fruits & melons, fresh/dry vegs. & nuts0.9%-13.0%-1.5%0.6%-0.4%1.1%2.4%
013Slaughter livestock10.8%25.5%33.7%6.3%0.7%0.6%2.5%
014Slaughter poultry18.1%21.2%94.8%-1.0%2.2%2.2%3.7%
015Raw cotton-2.3%9.1%59.1%0.2%6.0%-1.1%2.9%
016Raw milk2.0%-22.0%-6.8%2.3%2.0%-2.2%0.5%
017Chicken eggs-26.7%29.4%-24.7%-13.3%7.6%-1.4%1.2%
018Hay, hayseeds and oilseeds-3.8%15.7%50.6%8.9%8.1%0.9%5.1%
02PROCESSED FOODS AND FEEDS2.6%5.1%7.5%2.8%2.1%1.4%2.5%
021Cereal and bakery products-0.2%1.6%1.2%1.3%1.1%1.0%2.5%
022Meats, poultry, and fish7.5%14.3%17.0%5.5%3.1%2.3%2.7%
023Dairy products3.2%1.3%5.6%2.4%1.8%0.5%1.8%
024Processed fruits and vegetables0.0%0.8%3.6%1.7%2.0%1.8%2.7%
025Sugar and confectionery0.4%-1.2%-1.5%0.3%0.1%0.3%2.5%
026Beverages and beverage materials0.0%0.2%0.8%1.3%1.1%1.4%1.9%
027Fats and oils8.0%19.3%32.1%7.1%5.2%0.2%5.6%
028Miscellaneous processed foods0.6%1.2%1.8%0.9%1.4%1.4%2.0%
029Prepared animal feeds0.5%6.4%14.6%3.4%4.1%0.8%3.9%
03TEXTILE PRODUCTS AND APPAREL1.9%4.9%5.5%2.0%1.9%1.2%1.3%
031Synthetic fibers6.1%10.3%9.6%2.9%3.2%2.4%1.1%
032Processed yarns and threads2.6%12.0%10.7%2.4%2.8%-0.6%1.8%
033Greige fabrics0.5%2.1%1.7%0.2%0.4%0.0%1.0%
034Finished fabrics0.8%4.0%6.4%3.1%2.1%1.6%1.7%
038Apparel & other fabricated textile prods0.8%0.8%0.6%0.8%1.0%1.5%1.1%
039Miscellaneous textile products/services2.6%7.9%11.6%0.3%0.6%0.3%1.0%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS8.5%12.0%24.6%0.7%-0.6%-0.7%0.8%
041Hides and skins, incl. cattle26.0%35.7%101.6%1.2%-2.2%-4.3%-0.5%
044Other leather and related products0.2%0.4%0.8%0.9%1.2%1.9%1.5%
05FUELS AND RELATED PRODUCTS AND POWER-5.7%15.1%53.4%0.9%5.4%-2.2%2.4%
053Gas fuels-29.4%13.9%126.3%3.1%7.1%-6.6%-2.5%
055Utility natural gas0.4%-4.2%18.5%2.3%3.5%0.1%0.7%
056Crude petroleum (domestic production)-7.2%25.2%255.3%-5.5%7.4%-6.5%3.8%
057Petroleum products, refined-2.9%33.3%132.6%1.9%10.7%-3.7%4.4%
058Asphalt and other petroleum and coal products, n.e.c.7.8%25.6%47.2%5.7%11.0%-1.4%7.6%
06CHEMICALS AND ALLIED PRODUCTS2.2%12.7%17.8%3.5%4.3%1.7%3.7%
061Industrial chemicals3.2%25.8%39.7%3.7%6.0%-0.9%4.1%
062Paints and allied products1.5%3.8%5.0%3.7%3.7%2.1%3.4%
063Drugs and pharmaceuticals-0.2%2.0%1.6%2.6%3.4%4.7%4.5%
064Fats and oils, inedible9.9%39.1%66.5%14.7%9.2%-1.3%8.4%
065Agricultural chemicals and chemical products1.5%12.1%19.2%2.7%2.2%0.2%2.9%
066Plastic resins and materials6.8%28.3%41.1%7.0%6.5%2.6%3.6%
067Other chemicals and allied products0.5%1.8%2.0%1.4%1.7%1.5%2.1%
07RUBBER AND PLASTIC PRODUCTS2.7%5.8%6.5%2.1%2.4%1.4%2.4%
071Rubber and rubber products1.5%2.3%2.5%0.9%1.4%0.2%2.3%
072Plastic products3.1%6.9%7.7%2.6%2.7%1.8%2.5%
08LUMBER AND WOOD PRODUCTS3.8%18.1%36.5%9.7%7.8%5.2%3.2%
084Other wood products4.0%8.9%11.6%5.7%4.4%3.2%2.1%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products0.0%6.3%8.9%1.6%1.9%1.6%1.8%
086Prefabricated wood buildings & components3.1%7.8%13.5%5.8%5.1%3.7%2.9%
087Treated wood and contract wood preserving-1.1%11.3%24.7%7.4%5.5%4.5%2.8%
09PULP,PAPER, AND ALLIED PRODUCTS1.9%5.0%7.2%2.6%2.4%1.3%2.0%
091Pulp, paper, and prod., ex. bldg. paper1.9%5.5%6.3%1.8%2.2%1.0%2.1%
092Building paper & building board mill prods.9.2%23.7%90.0%20.3%15.8%9.4%6.0%
094Publications, printed matter & printing material0.5%1.3%2.2%2.5%1.7%1.0%
10METALS AND METAL PRODUCTS5.2%18.2%26.7%7.2%7.3%1.8%4.0%
101Iron and steel11.5%42.5%57.8%11.2%11.9%2.3%5.5%
102Nonferrous metals2.2%10.4%25.0%7.1%8.2%0.9%4.6%
103Metal containers1.7%5.6%6.1%2.7%3.7%1.3%2.5%
105Plumbing fixtures and fittings0.4%1.7%2.4%3.0%2.7%2.3%2.5%
106Heating equipment3.8%5.9%6.3%5.1%3.8%3.0%3.3%
107Fabricated structural metal products2.8%10.4%12.5%5.2%4.8%2.5%3.1%
108Miscellaneous metal products1.0%3.4%4.3%2.8%2.3%1.2%1.9%
11MACHINERY AND EQUIPMENT0.5%1.3%1.7%1.8%1.5%1.1%0.9%
111Agricultural machinery and equipment0.4%1.8%2.4%3.0%2.1%1.8%2.4%
112Construction machinery and equipment0.1%1.4%1.4%3.1%1.9%2.1%2.4%
113Metalworking machinery and equipment0.3%1.8%2.2%1.9%1.6%1.5%1.5%
114General purpose machinery and equipment0.5%2.2%3.1%2.9%2.5%2.3%2.7%
115Electronic computers and computer equipment1.2%1.6%0.0%-2.0%-1.6%-2.9%-5.6%
116Special industry machinery and equipment3.5%4.0%5.3%3.0%2.3%1.7%1.6%
117Electrical machinery and equipment0.1%0.5%0.7%1.1%0.9%0.4%0.0%
118Miscellaneous instruments0.0%0.6%0.9%1.5%1.6%1.6%1.7%
119Miscellaneous machinery0.1%0.5%0.9%1.4%1.1%0.8%1.7%
12FURNITURE AND HOUSEHOLD DURABLES1.3%2.2%3.3%2.6%2.2%1.7%1.6%
121Household furniture2.1%2.7%3.9%2.3%2.4%1.9%2.0%
122Commercial furniture1.4%3.5%4.4%4.1%3.1%2.2%2.2%
123Floor coverings1.3%2.0%1.8%1.4%1.5%1.6%2.2%
124Household appliances1.1%1.5%2.8%2.5%2.0%1.4%1.0%
125Home electronic equipment0.0%0.0%0.4%0.6%0.6%0.2%-1.5%
126Other household durable goods0.5%0.3%2.3%1.5%1.5%1.3%1.3%
13NONMETALIC MINERAL PRODUCTS0.1%2.4%2.7%2.3%2.6%2.7%3.1%
132Concrete ingredients and related products0.6%2.4%2.8%3.6%3.6%3.5%3.7%
133Concrete products1.4%2.6%2.6%2.5%3.1%3.2%3.3%
134Clay construction products ex. refractories0.3%0.8%2.1%1.3%1.0%1.1%1.1%
136Asphalt felts and coatings1.4%4.0%6.1%3.7%3.7%1.6%4.6%
137Gypsum products3.9%8.6%12.0%0.8%3.3%5.9%4.3%
138Glass containers-0.7%1.9%1.2%2.4%1.9%1.6%2.5%
139Other nonmetallic minerals-2.6%2.1%1.0%1.3%1.2%1.6%3.0%
14TRANSPORTATION EQUIPMENT0.3%0.8%2.0%1.2%1.1%1.2%1.3%
141Motor vehicles and equipment0.4%1.0%2.5%1.1%1.0%1.1%0.8%
142Aircraft and aircraft equipment0.1%0.4%1.0%1.3%1.2%1.5%2.2%
143Ships and boats0.2%0.4%1.3%1.8%1.6%1.4%2.4%
144Railroad equipment0.0%0.7%0.8%0.7%0.3%1.1%2.1%
149Transportation equipment, n.e.c.1.3%2.7%2.7%2.1%2.2%1.3%1.3%
15MISCELLANEOUS PRODUCTS0.8%2.2%4.0%3.5%3.0%2.5%2.5%
151Toys, sporting goods, small arms, etc.0.5%3.2%3.6%2.4%1.3%1.5%1.3%
152Tobacco products, incl. stemmed & redried0.7%3.1%7.9%6.2%6.4%5.5%4.4%
154Photographic equipment and supplies1.4%2.6%1.5%3.2%2.3%2.6%1.2%
155Mobile homes5.8%12.4%20.6%10.7%7.9%5.5%4.6%
156Medical, surgical & personal aid devices0.8%0.6%0.6%1.2%1.0%0.8%1.2%
157Other industrial safety equipment0.0%0.3%2.1%2.6%0.8%1.4%1.5%
159Other miscellaneous products0.5%2.3%4.5%4.3%3.0%1.8%2.0%

BLS PPI vs. CPI Supermarket Inflation Spread Comparison Through March 2021

Inflation Rate PeriodPPI InflationCPI InflationDIFF: PPI vs. CPI
4 Months Ended April '211.50%0.69%0.82%
3 Months Ended March '210.84%0.12%0.72%
2 Months Ended Febuary '210.51%0.00%0.51%
1 Month Ended January '210.13%0.17%-0.04%
12 Months Ended December '201.05%1.82%-0.77%
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. '201.73%1.02%0.70%
5 Year Average Ended Dec. '201.87%0.73%1.14%
10 Year Average Ended Dec. '202.50%1.12%1.38%
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