Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released December 2021 Producer Price Index (PPI) today. The industrial commodities index decreased 1.2% in the last month and increased 21.4% in the last twelve months. Processed foods + feeds rose 0.2% from November 2021 & increased 10.4% since December 2020. Textile products + apparel increased 0.8% in the last month and rose by 15.4% in the last twelve months. Fuels, related products + power decreased 7.3% from November 2021 and rose 38.3% since December 2020. Chemicals + allied products rose 0.1% in the last month and increased by 22.9% in the last twelve months. Agricultural chemicals + chemical products rose 6.4% since November 2021 and rose 49.5% from December 2020. Rubber + plastic products rose 1.3% in the last month and increased by 21.1% in the last twelve months. Lumber + wood products increased 5.9% from November 2021 and rose 16.9% since December 2020. Pulp, paper + allied products increased 0.8% in the last month and rose 16.0% in the last twelve months. Metals + metal products decreased 0.2% from November 2021 and rose 43.3% since December 2020. Heating equipment increased 5.3% in the last month and rose 21.3% in the last twelve months. Machinery + equipment rose 0.8% from November 2021 and rose 7.1% from December 2020. Agricultural machinery + equipment rose 3.3% in the last month and increased 14.6% in the last twelve months. Furniture + household durables rose 0.9% from November 2021 and rose 10.9% since December 2020. Transportation equipment increased 0.4% in the last month and rose by 3.9% in the last twelve months. Truck trailers rose 4.2% from November 2021 and increased 27.1% from December 2020.

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

 PPI CodeBLS PPI Category Description12M Dec. '213Y Annual Avg. Dec. '215Y Annual Avg. Dec. '2110Y Annual Avg. Dec. '2120Y Annual Avg. Dec. '21
01FARM PRODUCTS23.9%8.0%6.8%1.5%3.5%
011Fruits & melons, fresh/dry vegs. & nuts9.4%-5.5%5.6%3.4%3.6%
013Slaughter livestock23.0%6.6%4.2%0.7%2.9%
014Slaughter poultry52.4%14.7%8.4%4.7%4.4%
015Raw cotton48.6%12.3%8.3%0.9%5.7%
016Raw milk-3.5%8.4%2.0%-0.1%0.8%
017Chicken eggs95.5%6.1%9.2%1.4%5.2%
018Hay, hayseeds and oilseeds11.5%11.9%6.1%1.1%4.6%
02PROCESSED FOODS AND FEEDS10.4%4.9%3.2%1.7%2.7%
021Cereal and bakery products9.2%3.2%2.7%1.5%2.8%
022Meats, poultry, and fish20.0%9.2%4.8%2.7%3.0%
023Dairy products7.6%4.0%1.9%1.0%1.7%
024Processed fruits and vegetables4.5%2.4%2.4%1.7%2.8%
025Sugar and confectionery3.1%1.7%1.2%0.5%2.7%
026Beverages and beverage materials3.3%2.3%1.9%1.4%2.1%
027Fats and oils42.5%14.7%8.3%1.9%6.1%
028Miscellaneous processed foods5.9%2.0%2.4%1.6%2.2%
029Prepared animal feeds8.0%5.9%3.9%1.4%3.8%
03TEXTILE PRODUCTS AND APPAREL15.4%4.7%3.8%1.9%1.8%
031Synthetic fibers22.0%5.4%5.5%2.5%1.8%
032Processed yarns and threads29.3%6.7%5.8%1.8%2.7%
033Greige fabrics13.3%3.2%2.6%0.3%1.6%
034Finished fabrics14.5%5.7%4.1%2.3%2.2%
038Apparel & other fabricated textile prods7.0%2.7%2.2%1.8%1.4%
039Miscellaneous textile products/services25.7%5.2%3.7%1.7%1.8%
041Hides and skins, incl. cattle-15.6%-6.5%-11.0%-7.5%-1.9%
044Other leather and related products3.0%1.8%1.7%2.1%1.6%
053Gas fuels108.2%1.3%7.8%0.5%4.0%
055Utility natural gas40.5%9.0%9.3%4.5%4.0%
056Crude petroleum (domestic production)48.6%9.2%6.0%-3.9%4.8%
057Petroleum products, refined57.4%11.8%10.8%-1.0%5.1%
058Asphalt and other petroleum and coal products, n.e.c.48.7%8.7%15.2%-1.9%8.7%
06CHEMICALS AND ALLIED PRODUCTS22.9%6.4%5.5%2.6%4.3%
061Industrial chemicals44.5%9.3%7.3%0.9%5.1%
062Paints and allied products13.9%6.0%5.1%2.7%3.8%
063Drugs and pharmaceuticals2.9%2.4%3.2%4.6%4.5%
064Fats and oils, inedible49.7%21.3%8.3%0.5%6.6%
065Agricultural chemicals and chemical products49.5%12.5%10.2%2.4%4.9%
066Plastic resins and materials36.3%8.6%7.7%3.2%4.5%
067Other chemicals and allied products8.7%3.3%2.8%1.9%2.4%
07RUBBER AND PLASTIC PRODUCTS21.1%6.4%5.1%2.5%3.2%
071Rubber and rubber products11.0%3.5%2.8%0.6%2.7%
072Plastic products24.1%7.2%5.7%3.1%3.3%
08LUMBER AND WOOD PRODUCTS16.4%10.2%7.3%5.0%3.0%
084Other wood products17.1%7.2%6.0%3.9%2.5%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products7.8%2.1%1.9%1.2%1.9%
086Prefabricated wood buildings & components25.6%10.6%8.0%5.3%3.6%
087Treated wood and contract wood preserving6.1%7.1%4.8%4.3%2.5%
09PULP,PAPER, AND ALLIED PRODUCTS16.0%5.3%4.1%2.3%2.6%
091Pulp, paper, and prod., ex. bldg. paper18.6%4.9%4.2%2.3%2.8%
092Building paper & building board mill prods.13.6%22.5%12.5%8.5%5.4%
094Publications, printed matter & printing material9.5%4.5%3.2%1.7%
10METALS AND METAL PRODUCTS43.3%13.6%10.7%4.1%5.0%
101Iron and steel90.6%20.9%17.1%5.5%7.1%
102Nonferrous metals19.2%11.1%8.5%2.6%5.2%
103Metal containers21.6%6.9%6.4%2.7%3.2%
105Plumbing fixtures and fittings5.4%3.5%3.4%2.5%2.7%
106Heating equipment21.3%8.3%6.4%4.1%4.0%
107Fabricated structural metal products41.6%13.0%9.7%4.9%4.4%
108Miscellaneous metal products14.0%5.1%4.3%2.1%2.4%
11MACHINERY AND EQUIPMENT7.1%3.2%2.6%1.5%1.2%
111Agricultural machinery and equipment14.6%5.8%4.3%2.8%3.0%
112Construction machinery and equipment10.1%4.4%3.5%2.6%2.8%
113Metalworking machinery and equipment7.3%3.1%2.7%1.9%1.8%
114General purpose machinery and equipment10.1%4.6%4.0%2.8%3.0%
115Electronic computers and computer equipment4.3%-0.9%-1.0%-2.4%-5.1%
116Special industry machinery and equipment11.6%5.1%3.7%2.3%1.9%
117Electrical machinery and equipment5.2%2.3%1.9%0.9%0.3%
118Miscellaneous instruments3.5%2.3%2.1%1.8%1.8%
119Miscellaneous machinery4.1%2.1%1.8%1.1%1.8%
121Household furniture13.3%5.4%4.3%2.7%2.5%
122Commercial furniture12.5%5.5%4.8%2.9%2.7%
123Floor coverings7.4%2.5%2.8%1.7%2.6%
124Household appliances8.3%4.4%3.7%1.9%1.3%
125Home electronic equipment8.8%3.9%2.3%1.0%-1.0%
126Other household durable goods9.8%4.5%3.2%2.1%1.8%
132Concrete ingredients and related products4.1%3.7%3.7%3.6%3.8%
133Concrete products8.4%4.6%4.0%3.6%3.5%
134Clay construction products ex. refractories5.4%2.9%1.9%1.5%1.3%
136Asphalt felts and coatings11.7%4.2%5.1%1.9%4.8%
137Gypsum products20.2%6.1%6.0%6.9%4.9%
138Glass containers6.8%3.7%2.8%2.1%2.7%
139Other nonmetallic minerals8.4%2.6%2.5%1.9%3.3%
14TRANSPORTATION EQUIPMENT3.9%1.7%1.5%1.3%1.4%
141Motor vehicles and equipment4.6%1.7%1.4%1.3%1.1%
142Aircraft and aircraft equipment1.6%1.4%1.3%1.4%2.2%
143Ships and boats5.2%3.2%2.4%1.8%2.6%
144Railroad equipment5.1%2.2%1.3%1.2%2.3%
149Transportation equipment, n.e.c.10.2%3.7%3.3%2.0%1.7%
15MISCELLANEOUS PRODUCTS6.3%4.3%3.6%2.7%2.5%
151Toys, sporting goods, small arms, etc.9.7%4.8%2.9%2.0%1.6%
152Tobacco products, incl. stemmed & redried7.7%6.8%6.3%5.5%4.4%
154Photographic equipment and supplies7.2%4.7%3.4%2.0%1.5%
155Mobile homes30.1%15.4%11.0%6.8%5.3%
156Medical, surgical & personal aid devices1.3%1.3%1.2%1.0%1.2%
157Other industrial safety equipment7.0%3.0%2.0%2.1%1.8%
159Other miscellaneous products8.7%5.4%4.0%2.2%2.2%


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