Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released November 2019 Producer Price Indexes (PPI) today. All commodities saw an increase of 0.1% over the last month and decrease of 0.9% over the last year. Crude petroleum (domestic production) increased by 3.4%  over the last month & rose by 12.7% over the last year. Dental equipment and supplies increased 0.1% over the last month & rose by 12.0% over the last year. Mobile homes saw an  increase of 0.8% over the last month & 8.7% inflation over the last year. Fluid milk products increased by 1.6% over the last month & rose by 6.6% over the last year. Tobacco products (including stemmed and re-dried) increased by 0.1% over the last month & rose by 6.2% over the last year. Heating equipment saw a 1.1% increase from November and a 4.4% increase from December of 2018. Polish and other sanitation goods increased 2.0% from the previous month and 4.0% from the previous year. Sugar and confectionery increased 0.5% from November 2019 and increased 3.5% from December 2018. Footwear gained a 0.2% inflation in the last month and 3.3% inflation in the last year. Plumbing fixtures and fittings increased 1.3% in a month and 3.2% in a year. Air conditioning and refrigeration equipment rose 0.3% from the prior month and 3.1% from the prior year.

Bureau of Labor Statistics (BLS) Producer Price Indexes (PPI) Historical Annual Inflation Rate Averages for Selected Commodities Through December 2019

 PPI CodeBLS PPI Category Description1 Month Dec. '191 Year Dec. '193 Year Dec. '195 Year Dec. '1910 Year Dec. '1920 Year Dec. '19
01FARM PRODUCTS1.5%-1.4%-2.6%1.6%2.7%1.5%
011Fruits & melons, fresh/dry vegs. & nuts1.2%-19.1%2.5%2.5%3.1%1.2%
013Slaughter livestock1.7%3.0%-6.2%2.9%2.4%1.7%
014Slaughter poultry7.0%0.1%-2.7%1.8%2.6%7.0%
015Raw cotton-0.4%-17.6%-0.7%0.2%1.3%-0.4%
016Raw milk6.6%28.5%-0.6%1.9%2.5%6.6%
017Chicken eggs-14.3%-7.9%-10.2%0.2%3.8%-14.3%
018Hay, hayseeds and oilseeds0.4%0.4%-2.5%-0.3%3.5%0.4%
02PROCESSED FOODS AND FEEDS0.0%2.5%-0.4%1.7%2.4%0.0%
021Cereal and bakery products0.0%0.5%0.5%1.6%2.5%0.0%
022Meats, poultry, and fish-0.3%5.6%-2.2%2.6%2.3%-0.3%
023Dairy products-0.3%7.7%-0.4%1.9%2.3%-0.3%
024Processed fruits and vegetables-0.2%-0.8%1.2%1.6%2.4%-0.2%
025Sugar and confectionery0.5%3.5%1.1%1.4%2.7%0.5%
026Beverages and beverage materials0.1%1.7%1.3%1.5%2.1%0.1%
027Fats and oils0.1%-4.4%-1.4%0.4%3.7%0.1%
028Miscellaneous processed foods0.0%-1.0%0.5%1.3%2.0%0.0%
029Prepared animal feeds0.9%0.5%-2.1%0.9%3.3%0.9%
03TEXTILE PRODUCTS AND APPAREL-0.1%-0.4%0.7%1.5%1.1%-0.1%
031Synthetic fibers-0.1%-1.2%1.1%1.6%1.2%-0.1%
032Processed yarns and threads0.0%-4.3%-0.1%1.2%1.3%0.0%
033Greige fabrics-0.1%-2.0%-0.3%1.1%1.1%-0.1%
034Finished fabrics-0.2%1.4%0.9%1.9%1.4%-0.2%
038Apparel & other fabricated textile prods0.0%1.3%1.1%1.7%1.0%0.0%
039Miscellaneous textile products/services-0.8%-9.4%-2.1%-0.3%0.6%-0.8%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS1.0%-3.1%-6.5%0.1%0.5%1.0%
041Hides and skins, incl. cattle4.0%-13.9%-17.7%-2.0%-1.5%4.0%
044Other leather and related products0.0%1.1%1.8%1.9%1.5%0.0%
05FUELS AND RELATED PRODUCTS AND POWER0.1%-6.2%-1.3%-0.4%3.3%0.1%
053Gas fuels-4.6%-54.3%-12.9%-8.3%0.1%-4.6%
055Utility natural gas-0.5%-19.4%-2.0%-0.9%2.5%-0.5%
056Crude petroleum (domestic production)3.4%12.7%-0.8%-1.6%4.2%3.4%
057Petroleum products, refined0.4%4.9%-1.1%-0.4%4.9%0.4%
058Asphalt and other petroleum and coal products, n.e.c.-8.2%-22.7%-5.8%2.2%6.5%-8.2%
06CHEMICALS AND ALLIED PRODUCTS-0.7%-2.7%0.6%1.8%3.3%-0.7%
061Industrial chemicals-1.1%-6.8%-2.2%-0.5%3.4%-1.1%
062Paints and allied products0.0%3.1%1.3%2.3%3.4%0.0%
063Drugs and pharmaceuticals-0.1%2.4%5.0%5.0%4.4%-0.1%
064Fats and oils, inedible0.7%3.4%-2.6%-1.2%3.8%0.7%
065Agricultural chemicals and chemical products-1.1%-8.1%-2.3%1.2%2.7%-1.1%
066Plastic resins and materials-3.1%-11.1%-3.4%0.9%2.4%-3.1%
067Other chemicals and allied products0.3%1.3%1.3%1.7%2.1%0.3%
07RUBBER AND PLASTIC PRODUCTS-0.3%-1.1%0.5%1.6%2.3%-0.3%
071Rubber and rubber products-0.7%-0.4%0.2%1.3%2.3%-0.7%
072Plastic products-0.2%-1.3%0.6%1.7%2.3%-0.2%
08LUMBER AND WOOD PRODUCTS0.0%-0.9%1.0%2.4%1.3%0.0%
084Other wood products0.1%2.3%1.7%2.5%1.5%0.1%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products0.0%-4.3%-0.4%1.9%0.7%0.0%
086Prefabricated wood buildings & components0.0%1.4%2.7%2.4%2.4%0.0%
087Treated wood and contract wood preserving-0.4%3.0%0.6%2.7%1.3%-0.4%
09PULP,PAPER, AND ALLIED PRODUCTS0.1%-2.3%0.5%1.3%1.9%0.1%
091Pulp, paper, and prod., ex. bldg. paper0.0%-4.2%0.2%1.5%1.9%0.0%
092Building paper & building board mill prods.5.4%0.6%1.8%2.6%1.8%5.4%
094Publications, printed matter & printing material0.0%2.6%1.1%0.9%0.0%
10METALS AND METAL PRODUCTS0.8%-4.2%0.4%1.0%2.7%0.8%
101Iron and steel0.6%-15.7%-1.6%0.6%2.9%0.6%
102Nonferrous metals1.6%2.4%0.6%0.7%3.5%1.6%
103Metal containers0.0%-0.4%1.4%0.6%2.1%0.0%
105Plumbing fixtures and fittings1.3%3.2%2.3%2.2%2.4%1.3%
106Heating equipment1.1%4.4%3.0%2.7%3.1%1.1%
107Fabricated structural metal products0.5%-0.2%2.0%1.9%2.5%0.5%
108Miscellaneous metal products0.1%1.1%1.1%1.1%1.7%0.1%
11MACHINERY AND EQUIPMENT0.1%1.6%1.0%0.9%0.7%0.1%
111Agricultural machinery and equipment1.3%2.3%1.8%1.8%2.4%1.3%
112Construction machinery and equipment0.1%2.2%1.7%2.0%2.3%0.1%
113Metalworking machinery and equipment0.1%1.4%1.4%1.5%1.5%0.1%
114General purpose machinery and equipment0.1%2.3%2.1%2.2%2.6%0.1%
115Electronic computers and computer equipment0.4%-3.3%-2.7%-3.5%-6.0%0.4%
116Special industry machinery and equipment-0.1%2.0%1.4%1.2%1.4%-0.1%
117Electrical machinery and equipment0.2%1.3%0.6%0.3%-0.1%0.2%
118Miscellaneous instruments0.2%2.1%1.7%1.6%1.7%0.2%
119Miscellaneous machinery-0.1%1.5%0.8%0.8%1.7%-0.1%
12FURNITURE AND HOUSEHOLD DURABLES0.3%2.0%1.6%1.5%1.5%0.3%
121Household furniture0.4%2.3%2.0%1.8%1.9%0.4%
122Commercial furniture0.5%2.5%2.2%1.9%2.1%0.5%
123Floor coverings0.1%-0.1%1.4%1.5%2.2%0.1%
124Household appliances0.1%2.9%1.1%1.2%0.7%0.1%
125Home electronic equipment0.0%2.3%0.5%0.0%-1.6%0.0%
126Other household durable goods0.2%1.3%1.2%1.1%1.3%0.2%
13NONMETALIC MINERAL PRODUCTS-0.1%1.5%2.3%2.4%3.0%-0.1%
132Concrete ingredients and related products0.0%3.3%3.9%2.9%3.6%0.0%
133Concrete products0.0%2.7%3.1%2.6%3.2%0.0%
134Clay construction products ex. refractories0.0%1.3%1.1%0.6%1.2%0.0%
136Asphalt felts and coatings0.1%-0.8%1.0%1.1%4.6%0.1%
137Gypsum products0.0%-4.2%2.4%4.7%1.7%0.0%
138Glass containers0.0%2.7%1.6%1.6%2.6%0.0%
139Other nonmetallic minerals-0.3%0.2%0.5%2.1%3.1%-0.3%
14TRANSPORTATION EQUIPMENT0.0%0.5%0.9%1.2%1.3%0.0%
141Motor vehicles and equipment0.0%-0.1%0.8%1.0%0.7%0.0%
142Aircraft and aircraft equipment0.1%1.4%1.1%1.6%2.4%0.1%
143Ships and boats0.1%3.2%1.5%1.5%2.5%0.1%
144Railroad equipment0.0%1.3%0.2%1.0%2.1%0.0%
149Transportation equipment, n.e.c.0.1%0.6%1.8%1.2%1.4%0.1%
15MISCELLANEOUS PRODUCTS0.0%4.0%2.5%2.4%2.5%0.0%
151Toys, sporting goods, small arms, etc.0.9%4.6%1.3%1.2%1.2%0.9%
152Tobacco products, incl. stemmed & redried0.1%6.2%5.4%5.3%4.4%0.1%
154Photographic equipment and supplies0.0%7.1%1.7%2.4%1.2%0.0%
155Mobile homes0.8%8.7%4.1%3.8%3.6%0.8%
156Medical, surgical & personal aid devices-0.1%1.4%1.0%0.9%1.2%-0.1%
157Other industrial safety equipment0.0%-0.9%0.7%1.2%1.6%0.0%
159Other miscellaneous products-0.4%5.7%2.2%1.9%1.8%-0.4%

CPI vs. PPI Supermarket Inflation Comparison Through December 2019

Inflation Rate PeriodCPI InflationPPI InflationDIFF: CPI VS PPI
12 Months Ended December '190.85%1.29%-0.44%
10 Months Ended October '190.82%1.33%-0.51%
10 Months Ended October '190.99%0.71%0.28%
9 Months Ended September '190.56%0.22%0.33%
8 Months Ended August '190.64%0.29%0.35%
7 Months Ended July '190.60%0.39%0.21%
6 Months Ended June '190.56%0.52%0.04%
5 Months Ended May '190.80%-0.04%0.84%
4 Months Ended April '190.79%-0.04%0.83%
3 Months Ended March '190.80%0.17%0.63%
2 Months Ended February '190.64%-0.19%0.83%
1 Month Ended January '190.49%0.13%0.36%
12 Months Ended December '180.41%2.85%-2.44%
12 Months Ended December '170.47%2.85%-2.39%
12 Months Ended December '160.10%1.32%-1.22%
12 Months Ended December '150.11%0.19%-0.08%
12 Months Ended December '142.46%5.07%-2.61%
12 Months Ended December '130.14%2.04%-1.90%
12 Months Ended December '121.00%2.72%-1.71%
12 Months Ended December '114.07%5.20%-1.13%
12 Months Ended December '100.90%2.92%-2.03%
12 Months Ended December '09-0.59%1.72%-2.30%
3 Year Average Ended Dec. '180.32%2.34%-2.02%
5 Year Average Ended Dec. '180.71%2.46%-1.75%
10 Year Average Ended Dec. '180.91%2.69%-1.78%

Rates are representative of a supermarket’s actual inventory balances, product mix & applicable BLS categories; inflation rates calculated using a supermarket that has the following departments: bakery, beer/wine, dairy, deli, frozen foods, gen. merch., grocery, health & beauty aids, meat, pharmacy, produce & tobacco. PPI inflation calculated uses BLS Table 9 preliminary indexes; CPI inflation calculated uses U.S. City averages for all urban consumers, seasonally unadjusted.

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