Jamie Pentagulio

The BLS released December 2020 PPI today. The all commodities index increased 1.2% over the last month and rose 0.8%in the last twelve months. Processed foods and feeds increased by 0.3% from November 2020 and saw an increase of 2.0% from December 2019 to December 2020. Meats increased 3.2% in the last month and increased 3.4% in the last twelve months. Prepared animal feeds rose by 3.0% from November 2020 and saw a 9.6% increase since December 2019 to December 2020. Agricultural chemicals and chemical products saw an increase of 0.7% in the last month and increased 3.8% in the last twelve months. Plastic resins and materials increased by 2.5%  from November 2020 and rose 5.6% from December 2019 to December 2020. Lumber and wood products increased 2.7% in the last month and rose 16.1% in the last twelve months. Hardwood lumber increased 2.5% from November 2020 and saw an increase of 10.7% from December 2019 to December 2020. Metals and metal products rose 2.7% in the last month and increased 5.7% in the last twelve months. Iron and steel scrap increased 25.8% since November 2020 and rose by 44.0% from December 2019. Steel mill products saw a 3.7% increase in the last month and rose 2.1% in the last twelve months.  Nonferrous wire and cable increased by 3.1% since November 2020 and saw an increase of 8.0% from December 2019 to December 2020. Wiring devices increased 0.3% in the last month and rose 6.0% in the last twelve months. Travel trailers and campers rose 0.5% from November 2020 and increased 3.9% since December 2019 to December 2020. Motor homes built on purchased chassis rose 1.4% in the last month and increased 3.2% in the last twelve months.





BLS PPI Annual Inflation Rate Averages Table for Selected Commodities Through December 2020

 PPI CodeBLS PPI Category Description1 Month Dec. '201 Year Dec. '203 Year Dec. '205 Year Dec. '2010 Year Dec. '2020 Year Dec. '20
01FARM PRODUCTS0.4%3.1%2.0%1.2%0.8%2.5%
011Fruits & melons, fresh/dry vegs. & nuts-2.1%-4.5%1.3%-0.2%4.0%3.5%
013Slaughter livestock-4.1%-4.5%-2.3%-1.4%0.6%1.7%
014Slaughter poultry7.3%-1.1%-0.5%0.4%0.5%2.6%
015Raw cotton8.6%15.6%-0.2%2.3%-0.9%0.7%
016Raw milk10.2%2.8%5.5%3.5%1.0%2.3%
017Chicken eggs-34.6%-33.7%-23.5%-8.8%-0.2%-0.3%
018Hay, hayseeds and oilseeds2.2%25.1%6.7%5.7%1.2%4.0%
02PROCESSED FOODS AND FEEDS0.3%2.0%1.8%1.2%1.5%2.4%
021Cereal and bakery products-0.2%0.1%1.2%0.8%1.5%2.4%
022Meats, poultry, and fish2.3%2.7%2.3%1.3%1.7%2.3%
023Dairy products-4.5%-3.0%0.9%0.7%0.9%1.9%
024Processed fruits and vegetables0.0%3.8%1.7%1.8%2.1%2.7%
025Sugar and confectionery0.1%-1.4%1.0%0.5%1.0%2.7%
026Beverages and beverage materials0.1%2.1%1.8%1.5%1.5%2.0%
027Fats and oils1.5%10.8%1.0%1.6%0.7%4.6%
028Miscellaneous processed foods-0.2%1.2%0.9%0.8%1.5%2.0%
029Prepared animal feeds3.0%9.6%3.9%2.9%1.6%3.4%
03TEXTILE PRODUCTS AND APPAREL0.3%-0.2%1.0%0.8%1.3%1.0%
031Synthetic fibers1.3%-3.0%1.1%1.3%1.6%0.7%
032Processed yarns and threads0.1%-2.0%0.0%0.3%0.5%1.2%
033Greige fabrics0.2%-1.1%0.0%-0.2%0.5%0.9%
034Finished fabrics0.2%1.8%2.4%1.4%1.7%1.5%
038Apparel & other fabricated textile prods-0.3%-0.1%0.8%0.8%1.6%1.0%
039Miscellaneous textile products/services2.4%2.2%-2.6%-1.1%-0.2%0.7%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS2.8%3.0%-3.4%-2.9%-1.0%0.4%
041Hides and skins, incl. cattle10.5%12.4%-10.3%-8.4%-5.3%-1.6%
044Other leather and related products0.1%1.1%1.5%1.2%2.0%1.5%
05FUELS AND RELATED PRODUCTS AND POWER3.4%-6.3%-2.9%1.8%-1.9%1.6%
053Gas fuels-7.5%9.1%-9.4%-0.2%-6.4%-3.4%
055Utility natural gas-5.9%14.5%2.7%3.6%0.7%1.0%
056Crude petroleum (domestic production)17.5%-22.3%-7.7%5.8%-5.5%1.9%
057Petroleum products, refined11.6%-15.3%-5.1%3.4%-3.4%2.9%
058Asphalt and other petroleum and coal products, n.e.c.7.6%11.9%3.3%1.7%-3.9%6.2%
06CHEMICALS AND ALLIED PRODUCTS1.4%0.7%-0.3%1.7%1.4%3.2%
061Industrial chemicals3.0%-3.1%-4.5%0.2%-1.3%3.0%
062Paints and allied products-0.3%1.4%3.2%2.5%2.3%3.3%
063Drugs and pharmaceuticals0.0%1.8%2.6%3.9%4.8%4.4%
064Fats and oils, inedible6.5%15.2%0.8%4.0%-1.3%6.3%
065Agricultural chemicals and chemical products0.7%3.8%1.8%-0.9%0.4%2.6%
066Plastic resins and materials2.5%5.6%-1.6%0.9%0.6%2.7%
067Other chemicals and allied products0.6%0.3%1.3%1.3%1.6%2.0%
07RUBBER AND PLASTIC PRODUCTS0.4%0.6%0.8%1.2%1.3%2.2%
071Rubber and rubber products0.4%0.3%0.9%0.9%0.8%2.2%
072Plastic products0.4%0.7%0.9%1.3%1.5%2.3%
08LUMBER AND WOOD PRODUCTS2.7%16.1%5.2%4.5%3.7%2.3%
084Other wood products0.1%2.9%3.7%2.6%2.3%1.7%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products0.7%3.2%0.6%0.5%1.4%1.4%
086Prefabricated wood buildings & components0.2%6.2%4.0%3.6%3.0%2.6%
087Treated wood and contract wood preserving0.5%12.4%5.3%3.4%4.0%2.4%
09PULP,PAPER, AND ALLIED PRODUCTS0.6%3.0%1.0%1.3%0.9%1.8%
091Pulp, paper, and prod., ex. bldg. paper0.7%1.6%0.1%0.9%0.7%1.7%
092Building paper & building board mill prods.-0.5%60.7%13.4%10.8%7.5%4.7%
094Publications, printed matter & printing material0.5%1.5%2.1%1.4%1.0%
10METALS AND METAL PRODUCTS2.7%6.7%3.1%4.2%0.9%3.0%
101Iron and steel7.7%10.0%2.2%5.8%0.1%3.5%
102Nonferrous metals0.6%12.2%4.8%6.6%1.0%4.0%
103Metal containers0.6%0.7%2.3%1.9%0.2%2.2%
105Plumbing fixtures and fittings-0.1%1.9%3.2%2.4%2.2%2.4%
106Heating equipment0.4%0.4%3.3%2.7%2.6%3.1%
107Fabricated structural metal products1.9%2.2%3.3%2.6%1.9%2.6%
108Miscellaneous metal products0.0%0.7%2.2%1.5%1.1%1.7%
11MACHINERY AND EQUIPMENT0.1%1.0%1.7%1.2%1.0%0.8%
111Agricultural machinery and equipment0.2%1.0%2.3%1.8%1.7%2.3%
112Construction machinery and equipment0.0%1.2%2.3%1.7%2.1%2.3%
113Metalworking machinery and equipment0.0%0.7%1.7%1.3%1.5%1.4%
114General purpose machinery and equipment0.2%1.8%2.7%2.2%2.3%2.6%
115Electronic computers and computer equipment-1.6%-3.4%-2.6%-2.6%-3.2%-5.8%
116Special industry machinery and equipment0.9%2.1%2.1%1.7%1.4%1.4%
117Electrical machinery and equipment0.1%0.6%1.2%0.7%0.4%0.0%
118Miscellaneous instruments0.0%1.3%1.7%1.8%1.7%1.7%
119Miscellaneous machinery0.1%0.8%1.7%0.8%0.9%1.6%
12FURNITURE AND HOUSEHOLD DURABLES0.3%1.6%2.5%1.8%1.6%1.5%
121Household furniture0.2%0.9%1.9%1.9%1.8%1.9%
122Commercial furniture0.2%1.9%3.4%2.5%2.1%2.1%
123Floor coverings0.3%0.3%1.6%1.1%1.5%2.0%
124Household appliances-0.2%1.9%3.0%1.7%1.3%0.8%
125Home electronic equipment-0.2%0.8%1.0%0.7%0.4%-1.5%
126Other household durable goods1.5%2.6%1.9%1.4%1.3%1.3%
13NONMETALIC MINERAL PRODUCTS0.3%2.1%2.5%2.4%2.5%3.0%
132Concrete ingredients and related products0.3%3.8%3.6%3.8%3.3%3.7%
133Concrete products0.7%2.7%3.0%3.0%2.9%3.2%
134Clay construction products ex. refractories0.0%2.0%1.5%1.2%0.7%1.2%
136Asphalt felts and coatings-0.3%2.3%3.8%2.3%1.3%4.5%
137Gypsum products0.0%3.7%0.8%3.2%4.9%3.5%
138Glass containers0.0%1.7%2.2%1.6%1.6%2.6%
139Other nonmetallic minerals-0.5%-0.5%1.4%0.7%1.7%2.9%
14TRANSPORTATION EQUIPMENT0.2%0.9%0.9%0.9%1.2%1.2%
141Motor vehicles and equipment0.3%0.7%0.6%0.7%1.1%0.7%
142Aircraft and aircraft equipment0.1%1.3%1.4%1.2%1.6%2.3%
143Ships and boats0.2%1.3%1.7%1.4%1.5%2.5%
144Railroad equipment0.1%0.3%0.3%0.0%1.1%2.1%
149Transportation equipment, n.e.c.0.1%0.5%1.4%1.7%1.2%1.3%
15MISCELLANEOUS PRODUCTS0.0%2.8%3.0%2.7%2.5%2.5%
151Toys, sporting goods, small arms, etc.0.1%0.3%1.7%0.9%1.2%1.2%
152Tobacco products, incl. stemmed & redried0.1%6.4%6.1%5.7%5.5%4.6%
154Photographic equipment and supplies-1.0%-0.1%2.4%1.7%2.4%1.2%
155Mobile homes-0.1%8.6%6.3%5.5%4.3%4.0%
156Medical, surgical & personal aid devices-0.1%1.1%1.1%1.0%0.9%1.2%
157Other industrial safety equipment0.6%2.9%3.4%0.9%1.4%1.6%
159Other miscellaneous products0.1%2.1%3.3%2.7%1.9%1.9%


BLS PPI vs. CPI Supermarket Inflation Spread Comparison Through December 2020

Inflation Rate PeriodPPI InflationCPI InflationDIFF: PPI vs. CPI
12 Months Ended Dec. '201.05%1.82%-0.77%
11 Months Ended Nov. '201.21%1.77%-0.56%
10 Months Ended Oct. '201.08%2.17%-1.10%
9 Months Ended Sep. '200.40%2.21%-1.80%
8 Months Ended Aug. '200.47%2.65%-2.18%
7 Months Ended Jul '200.66%2.54%-1.88%
6 Months Ended June '200.78%2.83%-2.05%
5 Months Ended May '201.62%2.69%-1.07%
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. '201.73%1.03%1.76%
5 Year Average Ended Dec. '201.87%0.73%1.31%
10 Year Average Ended Dec. '202.46%1.14%1.60%

Note: The above inflation rates reflects a supermarket with all departments on LIFO, including produce, meat, seafood, dairy, deli, alcoholic beverages & tobacco.

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