Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released August 2021 Producer Price Index (PPI) today. The all commodities index rose 0.7% in the last month and increased 19.9% in the last twelve months. Farm products increased 0.6% from July 2021 and rose 36.6% since August 2020. Processed foods and feeds rose 2.2% in the last month and increased 9.1% in the last twelve months. Cereal and bakery products rose 1.5% since July 2021 and rose by 4.0% from August 2020. Meats, poultry + fish rose 5.7% in the last month and increased 22.2% in the last twelve months. Fuels + related products and power decreased 0.6% from July 2021 and increased 43.0% since August 2020. Chemicals + allied products rose 2.2% in the last month and rose by 22.6% in the last twelve months. Agricultural chemicals and chemical products increased 1.2% from July 2021 and rose 31.8% since August 2020. Plastic resins and materials increased 2.7% in the last month and rose 54.7% in the last twelve months. Rubber + plastic products rose 1.4% since July 2021 and increased 14.3% from August 2020. Rubber + rubber products rose 1.5% in the last month and increased 8.3% in the last twelve months. Plastic products increased 1.3% from July 2021 and rose 16.2% since August 2020. Lumber and wood products decreased 7.9% in the last month and rose 33.5% in the last twelve months. Lumber decreased 19.3% from July 2021 and rose 46.1% since August 2020. Metals and metal products increased 2.0% in the last month and rose 40.9% in the last twelve months. Iron and steel rose 2.9% from July 2021 and increased by 89.7% since August 2020. Heating equipment rose 2.8% in the last month and increased 10.8% in the last twelve months. Machinery + equipment increased 0.6% from July 2021 and increased 3.6% since August 2020. Agricultural machinery + equipment rose 0.6% in the last month and increased 3.6% in the last twelve months. Construction machinery + equipment rose by 0.8% from July 2021 and increased 4.5% since August 2020. Furniture + household durables rose 0.4% in the last month and rose 7.3% in the last twelve months. Toys, sporting goods, small arms etc. increased 1.0% from July 2021 and rose 6.9% since August 2020.

 

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

 PPI CodeBLS PPI Category Description1M August '21YTD August '211Y August '213Y August '215Y August '2110Y August '2120YAugust '21
01FARM PRODUCTS0.6%18.9%36.6%10.1%6.0%0.5%3.3%
011Fruits & melons, fresh/dry vegs. & nuts5.2%-9.0%-12.5%0.7%1.8%2.0%2.4%
012Grains0.8%46.8%87.0%20.3%15.1%-0.5%5.9%
013Slaughter livestock0.2%30.0%45.1%9.7%3.1%1.0%2.7%
014Slaughter poultry0.4%29.9%48.7%9.4%5.8%3.1%3.9%
015Raw cotton4.8%24.3%43.1%4.1%5.2%0.1%3.7%
016Raw milk-3.0%-15.0%5.2%5.0%1.9%-2.4%0.6%
017Chicken eggs1.7%33.6%29.1%-4.5%14.5%-1.6%3.2%
018Hay, hayseeds and oilseeds-1.3%19.8%53.0%16.1%7.7%0.9%4.9%
02PROCESSED FOODS AND FEEDS2.2%9.4%9.1%4.6%2.9%1.6%2.7%
021Cereal and bakery products1.5%5.6%4.0%2.5%2.1%1.3%2.7%
022Meats, poultry, and fish5.7%24.3%22.2%9.9%5.4%3.2%3.1%
023Dairy products-0.3%2.5%-0.8%2.3%1.1%-0.1%1.7%
024Processed fruits and vegetables1.1%2.0%2.2%2.1%2.0%1.7%2.7%
025Sugar and confectionery1.2%1.1%0.2%1.4%0.8%0.5%2.6%
026Beverages and beverage materials0.3%0.4%1.6%1.5%1.2%1.3%1.9%
027Fats and oils2.7%38.3%47.8%14.1%8.1%1.3%6.4%
028Miscellaneous processed foods2.0%3.5%0.9%1.9%2.0%1.5%2.1%
029Prepared animal feeds0.3%8.9%19.5%4.7%3.0%0.8%4.0%
03TEXTILE PRODUCTS AND APPAREL0.7%9.6%9.0%3.1%2.8%1.3%1.5%
031Synthetic fibers-0.6%15.9%16.0%3.7%4.4%2.1%1.5%
032Processed yarns and threads1.4%17.8%16.5%3.4%3.9%0.1%2.1%
033Greige fabrics3.9%8.9%4.7%2.1%1.8%-0.1%1.4%
034Finished fabrics0.7%9.4%9.9%4.8%3.2%1.7%1.9%
038Apparel & other fabricated textile prods0.6%3.7%2.5%1.7%1.5%1.5%1.2%
039Miscellaneous textile products/services1.8%11.7%12.6%0.8%1.4%0.6%1.2%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS2.6%28.6%46.9%8.0%2.3%0.7%1.4%
041Hides and skins, incl. cattle5.5%87.6%239.1%19.6%4.3%-0.7%0.6%
042Leather3.0%31.0%51.3%6.9%-0.2%-1.4%0.5%
043Footwear0.1%2.8%2.8%1.9%1.5%2.5%2.0%
044Other leather and related products0.5%2.0%1.6%1.4%1.5%2.1%1.6%
05FUELS AND RELATED PRODUCTS AND POWER-0.6%31.4%43.0%3.3%6.5%-0.6%3.0%
051Coal-0.5%1.5%1.6%-1.2%1.1%-0.8%3.4%
053Gas fuels11.6%63.1%138.5%9.9%9.8%-3.2%-0.4%
055Utility natural gas2.2%10.7%35.8%7.2%5.2%1.8%1.5%
056Crude petroleum (domestic production)-10.1%43.9%115.9%0.0%10.4%-2.7%4.4%
057Petroleum products, refined-2.1%52.6%72.2%3.9%11.1%-1.8%4.7%
058Asphalt and other petroleum and coal products, n.e.c.-0.4%28.8%50.8%0.5%11.2%-2.8%7.9%
06CHEMICALS AND ALLIED PRODUCTS2.2%20.6%22.6%5.2%5.5%2.1%4.1%
061Industrial chemicals4.7%40.7%45.3%5.8%7.9%-0.2%4.7%
062Paints and allied products1.6%9.8%8.3%5.2%4.5%2.5%3.7%
063Drugs and pharmaceuticals0.0%2.3%1.9%2.5%3.3%4.8%4.5%
064Fats and oils, inedible1.1%70.7%99.8%28.3%13.9%1.1%9.2%
065Agricultural chemicals and chemical products1.2%27.2%31.8%7.5%6.3%1.2%3.6%
066Plastic resins and materials2.7%43.0%54.7%10.7%8.5%3.3%4.3%
067Other chemicals and allied products0.6%5.0%4.9%2.2%2.2%1.7%2.2%
07RUBBER AND PLASTIC PRODUCTS1.4%14.2%14.3%4.5%3.9%1.9%2.8%
071Rubber and rubber products1.5%8.6%8.3%2.6%2.6%0.1%2.6%
072Plastic products1.3%15.8%16.2%5.0%4.3%2.4%2.9%
08LUMBER AND WOOD PRODUCTS-7.9%11.9%33.5%7.4%6.4%4.6%2.7%
081Lumber-19.3%-2.2%46.1%6.9%6.5%5.4%2.2%
082Millwork-2.3%13.2%21.9%7.0%6.0%4.4%3.0%
083Plywood-11.5%62.2%114.2%20.4%15.6%9.2%4.6%
084Other wood products-0.3%19.9%23.3%7.8%6.4%4.1%2.6%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products1.1%9.8%15.4%2.1%2.6%1.5%1.9%
086Prefabricated wood buildings & components0.1%19.8%25.5%8.9%7.2%4.8%3.4%
087Treated wood and contract wood preserving-2.5%-1.9%1.5%2.9%2.7%3.2%1.8%
09PULP,PAPER, AND ALLIED PRODUCTS0.5%11.7%13.5%4.0%3.5%1.8%2.4%
091Pulp, paper, and prod., ex. bldg. paper1.1%12.9%12.7%3.3%3.4%1.6%2.4%
092Building paper & building board mill prods.-8.4%49.0%131.3%27.7%18.9%11.6%6.5%
094Publications, printed matter & printing material0.6%3.5%4.2%2.8%2.0%1.2%
10METALS AND METAL PRODUCTS2.0%34.1%40.9%11.2%9.5%3.1%4.6%
101Iron and steel2.9%72.6%89.7%16.8%15.1%4.4%6.5%
102Nonferrous metals0.0%18.1%31.0%10.7%9.0%1.6%4.9%
103Metal containers1.1%14.1%13.5%4.6%5.0%2.0%2.9%
104Hardware0.6%8.7%8.8%4.5%3.4%2.2%2.4%
105Plumbing fixtures and fittings0.8%3.2%3.5%3.5%3.0%2.3%2.6%
106Heating equipment2.8%13.0%10.8%6.2%4.9%3.5%3.7%
107Fabricated structural metal products3.2%29.9%28.1%10.0%7.9%4.0%4.0%
108Miscellaneous metal products1.7%8.7%7.5%3.8%3.4%1.6%2.1%
11MACHINERY AND EQUIPMENT0.6%3.9%3.6%2.4%2.0%1.3%1.0%
111Agricultural machinery and equipment0.8%6.9%6.3%4.1%3.0%2.2%2.6%
112Construction machinery and equipment0.8%5.2%4.5%4.0%2.6%2.3%2.6%
113Metalworking machinery and equipment0.5%4.3%4.1%2.4%2.1%1.6%1.6%
114General purpose machinery and equipment0.7%6.1%6.1%3.7%3.3%2.5%2.8%
115Electronic computers and computer equipment1.2%3.2%0.0%-1.9%-1.3%-2.6%-5.5%
116Special industry machinery and equipment0.6%8.2%9.2%4.3%3.1%2.0%1.8%
117Electrical machinery and equipment0.5%2.5%2.0%1.4%1.3%0.6%0.1%
118Miscellaneous instruments0.1%1.6%1.7%1.8%1.8%1.7%1.7%
119Miscellaneous machinery0.8%2.3%1.7%1.9%1.4%1.0%1.8%
12FURNITURE AND HOUSEHOLD DURABLES0.4%6.9%7.3%3.9%3.2%2.1%1.9%
121Household furniture0.3%8.4%9.0%4.2%3.5%2.4%2.3%
122Commercial furniture-0.4%8.0%8.8%4.9%4.0%2.6%2.5%
123Floor coverings1.1%3.7%3.3%1.5%2.0%1.5%2.3%
124Household appliances1.2%4.0%2.9%3.3%2.7%1.6%1.1%
125Home electronic equipment3.1%7.0%3.6%3.3%1.9%0.8%-1.1%
126Other household durable goods-0.2%8.0%10.1%4.1%2.8%2.0%1.7%
13NONMETALIC MINERAL PRODUCTS1.0%6.1%5.7%3.4%3.2%2.9%3.3%
131Glass-0.1%4.0%6.2%2.8%2.5%2.5%1.4%
132Concrete ingredients and related products0.1%3.8%4.1%3.8%3.6%3.7%3.8%
133Concrete products1.0%5.6%5.0%3.9%3.6%3.5%3.4%
134Clay construction products ex. refractories0.2%2.6%2.9%1.8%1.6%1.2%1.1%
135Refractories-0.1%3.9%4.1%3.6%3.2%2.4%3.4%
136Asphalt felts and coatings3.5%13.1%9.2%6.3%4.7%1.7%5.1%
137Gypsum products0.5%18.1%21.6%3.8%5.6%6.9%5.0%
138Glass containers0.0%5.4%5.2%3.3%2.5%1.8%2.6%
139Other nonmetallic minerals1.6%6.4%4.8%2.0%2.1%1.7%3.2%
14TRANSPORTATION EQUIPMENT0.3%2.2%3.0%1.5%1.5%1.3%1.4%
141Motor vehicles and equipment0.4%2.8%3.8%1.6%1.6%1.3%0.9%
142Aircraft and aircraft equipment0.0%0.9%1.2%1.3%1.2%1.4%2.2%
143Ships and boats0.8%2.3%2.1%2.3%1.9%1.5%2.5%
144Railroad equipment0.0%0.9%0.9%0.7%0.3%1.0%2.1%
149Transportation equipment, n.e.c.0.6%5.1%5.0%2.6%2.6%1.5%1.5%
15MISCELLANEOUS PRODUCTS0.0%4.7%5.5%4.1%3.3%2.6%2.5%
151Toys, sporting goods, small arms, etc.1.0%7.6%6.9%3.9%2.2%1.8%1.5%
152Tobacco products, incl. stemmed & redried-1.5%4.6%8.8%6.7%6.0%5.3%4.3%
153Notions0.3%4.9%4.9%2.1%2.3%1.4%2.7%
154Photographic equipment and supplies0.5%4.8%3.2%4.0%2.8%2.8%1.3%
155Mobile homes-0.3%22.5%30.8%12.6%9.7%6.3%5.0%
156Medical, surgical & personal aid devices0.3%1.7%1.2%1.5%1.3%1.0%1.2%
157Other industrial safety equipment0.0%5.3%7.2%3.6%1.7%1.9%1.8%
159Other miscellaneous products1.0%6.7%6.1%5.1%3.6%2.0%2.2%
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