Jamie Pentagulio

The BLS released January 2021 PPI today. The all commodities index rose by 2.5% in the last month and saw a rise of 1.8% in the last twelve months. Processed foods and feeds decreased by 0.5% from December 2020 and increased 1.5% since January 2020. Canned fruits and juices increased 0.9% in the last month and increased by 4.6% in the last twelve months. Refined sugar products and by-products rose 0.8% since December 2020 and and saw an increase of 4.9% from January 2020. Agricultural chemicals and chemical products rose 1.8% in the last month and increased 8.2% in the last twelve months. Plastic resins and materials increased 2.8% from December 2020 and saw an increase of 9.3% since January 2020. Lumber rose 11.0% in the last month and saw an increase of 53.6% in the last twelve months. Metals and metal products increased by 3.5% from December 2020 and saw an increase of 8.9% since January 2020. Iron and steel increased 3.5% in the last month and increased 8.9% in the last twelve months. Iron and steel scrap saw a rise of 20.6% in the last month and rose 52.4% in the last twelve months. Steel mill products increased 5.2% from December 2020 and had a 7.1% rise since January 2020. Nonferrous mill shapes increased 3.1% in the last month and saw an increase of 6.6% in the last twelve months. Nonferrous wire and cable increased 2.3% since December 2020 and rose 10.7% since January 2020. Major appliances increased 1.0% in the last month and rose 4.9% in the last twelve months. Insulation materials increased 2.1% from December 2020 and saw an increase of 4.0% since January 2020.


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

PPI CodeBLS PPI Category Description1 Month Jan. '211 Year Jan. '213 Year Jan. '215 Year Jan. '2110 Year Jan. '2120 Year Jan. '21
01FARM PRODUCTS3.6%4.4%3.3%1.1%0.8%2.6%
011Fruits & melons, fresh/dry vegs. & nuts0.3%-7.5%0.5%-2.0%3.7%3.0%
013Slaughter livestock2.1%-5.6%-2.1%-2.7%1.1%1.8%
014Slaughter poultry0.3%-7.2%-3.1%-1.8%0.3%2.9%
015Raw cotton8.0%15.3%0.7%4.4%-0.7%1.5%
016Raw milk-23.8%-20.3%-0.9%-1.2%-1.5%0.7%
017Chicken eggs4.9%20.7%-8.4%-5.4%-4.6%0.5%
018Hay, hayseeds and oilseeds16.0%40.1%12.2%8.9%1.6%4.9%
02PROCESSED FOODS AND FEEDS-0.5%1.5%1.6%1.2%1.4%2.3%
021Cereal and bakery products0.4%0.3%1.3%0.9%1.3%2.4%
022Meats, poultry, and fish-2.0%1.1%1.2%0.4%1.7%2.2%
023Dairy products-2.1%-3.9%0.8%0.8%0.8%1.8%
024Processed fruits and vegetables0.3%3.4%1.9%1.9%2.1%2.7%
025Sugar and confectionery-2.3%-3.1%0.3%0.1%0.7%2.5%
026Beverages and beverage materials0.8%1.8%1.9%1.6%1.5%2.0%
027Fats and oils3.3%14.6%1.9%2.5%0.3%4.8%
028Miscellaneous processed foods0.2%1.3%1.1%1.0%1.4%1.9%
029Prepared animal feeds1.9%10.7%4.7%3.4%1.5%3.3%
03TEXTILE PRODUCTS AND APPAREL0.7%0.5%0.9%1.0%1.3%1.1%
031Synthetic fibers0.7%-1.7%-0.1%1.1%1.6%0.8%
032Processed yarns and threads1.7%-0.4%0.0%0.6%0.6%1.2%
033Greige fabrics1.0%0.0%0.2%0.1%0.6%0.9%
034Finished fabrics0.5%2.4%2.3%1.5%1.8%1.5%
038Apparel & other fabricated textile prods0.7%0.1%1.0%1.0%1.7%1.1%
039Miscellaneous textile products/services-0.1%2.3%-2.5%-1.2%-0.2%0.7%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS0.7%2.2%-3.9%-3.6%-0.9%0.4%
041Hides and skins, incl. cattle-0.1%6.9%-11.7%-11.0%-5.4%-1.7%
044Other leather and related products0.0%0.6%1.0%1.1%2.0%1.5%
05FUELS AND RELATED PRODUCTS AND POWER4.0%-0.8%-2.2%3.7%-1.5%1.3%
053Gas fuels2.9%29.3%-5.4%2.7%-5.5%-4.9%
055Utility natural gas-8.7%5.7%1.0%1.6%-0.3%-0.2%
056Crude petroleum (domestic production)12.0%-11.2%-7.7%14.0%-5.1%3.1%
057Petroleum products, refined8.8%-6.2%-3.4%7.6%-2.8%3.4%
058Asphalt and other petroleum and coal products, n.e.c.6.3%18.9%6.1%4.0%-3.4%6.7%
06CHEMICALS AND ALLIED PRODUCTS3.0%2.9%0.5%2.4%1.6%3.3%
061Industrial chemicals6.6%2.1%-2.1%2.2%-0.9%3.2%
062Paints and allied products0.2%1.6%3.0%2.5%2.3%3.3%
063Drugs and pharmaceuticals1.9%1.8%2.6%3.6%4.9%4.5%
064Fats and oils, inedible8.9%19.0%3.6%5.6%-1.4%5.9%
065Agricultural chemicals and chemical products1.8%8.2%1.6%-0.1%0.2%2.3%
066Plastic resins and materials2.8%9.3%-0.2%2.1%0.7%2.7%
067Other chemicals and allied products0.3%0.5%1.2%1.4%1.6%2.0%
07RUBBER AND PLASTIC PRODUCTS1.0%1.5%1.0%1.4%1.4%2.2%
071Rubber and rubber products0.9%0.9%1.0%1.0%0.8%2.2%
072Plastic products1.0%1.7%1.0%1.5%1.6%2.2%
08LUMBER AND WOOD PRODUCTS5.9%22.9%7.0%5.7%4.3%2.7%
084Other wood products1.3%4.4%3.9%2.9%2.7%1.7%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products4.3%8.4%1.7%1.5%1.9%1.6%
086Prefabricated wood buildings & components1.7%8.1%4.5%3.9%3.2%2.7%
087Treated wood and contract wood preserving9.7%22.6%8.7%5.5%4.8%3.0%
09PULP,PAPER, AND ALLIED PRODUCTS1.0%3.8%1.3%1.5%1.0%1.8%
091Pulp, paper, and prod., ex. bldg. paper1.4%2.9%0.5%1.2%0.8%1.8%
092Building paper & building board mill prods.0.5%60.5%15.7%11.0%7.5%4.9%
094Publications, printed matter & printing material0.2%1.1%2.1%1.4%1.0%
10METALS AND METAL PRODUCTS3.5%8.9%3.7%5.0%1.2%3.2%
101Iron and steel8.2%15.8%4.0%7.2%0.9%3.9%
102Nonferrous metals2.9%12.7%4.8%7.4%0.9%4.1%
103Metal containers1.7%0.9%2.8%2.4%0.4%2.3%
105Plumbing fixtures and fittings0.0%1.9%2.8%2.4%2.2%2.4%
106Heating equipment-0.2%0.6%3.0%2.6%2.5%3.0%
107Fabricated structural metal products0.7%3.3%3.3%2.9%2.0%2.7%
108Miscellaneous metal products0.7%1.2%2.4%1.7%1.1%1.7%
11MACHINERY AND EQUIPMENT0.3%0.7%1.7%1.3%1.1%0.8%
111Agricultural machinery and equipment0.3%1.0%2.4%1.8%1.7%2.4%
112Construction machinery and equipment1.0%1.4%3.2%1.9%2.3%2.4%
113Metalworking machinery and equipment0.4%1.0%1.6%1.4%1.6%1.4%
114General purpose machinery and equipment0.6%1.9%2.7%2.3%2.3%2.6%
115Electronic computers and computer equipment1.2%-0.4%-2.4%-2.3%-3.1%-5.7%
116Special industry machinery and equipment0.2%1.8%2.1%1.7%1.4%1.4%
117Electrical machinery and equipment0.1%-0.3%1.1%0.8%0.5%0.0%
118Miscellaneous instruments0.5%1.0%1.5%1.7%1.8%1.7%
119Miscellaneous machinery0.2%0.8%1.7%1.1%1.0%1.7%
12FURNITURE AND HOUSEHOLD DURABLES0.4%2.1%2.4%1.9%1.7%1.5%
121Household furniture0.0%0.5%1.8%1.9%1.8%1.9%
122Commercial furniture0.6%2.6%3.5%2.5%2.1%2.1%
123Floor coverings0.4%0.8%1.5%1.3%1.6%2.1%
124Household appliances0.9%4.1%2.7%1.9%1.4%0.9%
125Home electronic equipment0.0%0.2%1.0%0.7%0.0%-1.5%
126Other household durable goods0.4%2.7%1.8%1.4%1.4%1.4%
13NONMETALIC MINERAL PRODUCTS1.6%2.0%2.7%2.5%2.7%3.1%
132Concrete ingredients and related products1.7%3.3%3.8%3.5%3.5%3.8%
133Concrete products0.4%2.0%3.0%3.0%2.9%3.2%
134Clay construction products ex. refractories0.2%1.4%1.4%1.1%0.9%1.1%
136Asphalt felts and coatings0.6%2.5%3.8%2.6%1.4%4.5%
137Gypsum products2.8%3.7%1.0%3.0%5.2%4.0%
138Glass containers2.5%1.8%2.6%2.0%1.8%2.6%
139Other nonmetallic minerals3.8%0.6%1.8%1.3%2.1%3.1%
14TRANSPORTATION EQUIPMENT0.3%1.4%1.0%0.9%1.2%1.2%
141Motor vehicles and equipment0.3%1.4%0.8%0.8%1.1%0.7%
142Aircraft and aircraft equipment0.2%1.2%1.4%1.2%1.6%2.3%
143Ships and boats0.1%1.2%1.8%1.5%1.4%2.4%
144Railroad equipment0.1%0.3%0.3%0.1%1.1%2.1%
149Transportation equipment, n.e.c.0.5%0.6%1.6%1.8%1.2%1.3%
15MISCELLANEOUS PRODUCTS0.7%3.2%3.2%2.8%2.5%2.4%
151Toys, sporting goods, small arms, etc.1.5%2.2%2.3%1.2%1.3%1.3%
152Tobacco products, incl. stemmed & redried0.6%7.1%6.3%5.8%5.6%4.3%
154Photographic equipment and supplies0.6%0.5%2.6%1.7%2.4%1.3%
155Mobile homes1.5%10.3%6.7%5.7%4.5%4.1%
156Medical, surgical & personal aid devices0.5%1.2%1.2%1.1%1.0%1.2%
157Other industrial safety equipment1.0%3.1%3.5%1.1%1.5%1.7%
159Other miscellaneous products0.4%2.0%3.4%2.7%1.8%1.9%


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

Inflation Rate PeriodPPI InflationCPI InflationDIFF: PPI vs. CPI
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%

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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