Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released July 2021 Producer Price Index (PPI) today. The all commodities index rose 1.2% in the last month and increased 19.8% in the last twelve months. Farm products decreased 3.0% from June 2021 and increased 36.6% from July 2020. Processed foods and feeds decreased 2.2% in the last month and rose 9.1% in the last twelve months. Cereal and bakery products rose 1.0% since June 2021 and rose 4.0% from July 2020. Meats, poultry + fish decreased by 7.9% in the last month and increased 22.2% in the last twelve months. Dairy products decreased 0.3% from June 2021 and decreased 0.8% since July 2020. Beverages and beverage materials decreased 0.1% in the last month and rose 1.6% in the last twelve months. Chemicals and allied products rose 0.9% from June 2021 and increased 22.6% since July 2020. Paints + allied products rose 2.1% in the last month and increased 8.3% in the last twelve months. Plastic resins and materials increased 2.2% from June 2021 and rose 54.7% since July 2021. Rubber and plastic products increased 2.7% in the last month and rose 14.3% in the last twelve months. Rubber and rubber products increased 2.2% from June 2021 and rose 8.3% since July 2020. Synthetic rubber increased 3.2% in the last month and rose 11.8% in the last twelve months. Consumer, institutional + commercial products increased by 3.2% from June 2021 and rose 11.8% since July 2020. Metals and metal products rose 3.5% in the last month and increased 40.9% in the last twelve months. Steel mill products increased by 10.8% from June 2021 and rose a notable 109.7% from July 2020. Nonferrous mill shapes  increased 0.7% in the last month and increased 33.7% in the last twelve months. Machinery + equipment rose 0.9% from June 2021 and increased 3.6% since July 2020. Agricultural machinery + equipment rose 1.4% in the last month and rose 6.3% in the last twelve months. Construction machinery + equipment increased 1.2% from June 2021 and rose by 4.5% since July 2020. General purpose machinery + equipment increased 1.3% in the last month and rose 6.1% in the last twelve months. Special industry machinery + equipment increased 2.5% from June 2021 and rose 9.2% from July 2020. Furniture + household durables increased 1.1% in the last month and rose 7.3% in the last twelve months.  Household furniture increased 1.2% from June 2021 and rose 9.0% since July 2020. Travel trailers and campers increased 1.1% in the last month and rose 12.4% in the last twelve months.


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

 PPI CodeBLS PPI Category Description1M July '21YTD July '211Y July '213Y July '215Y July '2110Y July '2120Y July '21
01FARM PRODUCTS-3.0%18.2%36.6%7.5%4.9%0.7%3.3%
011Fruits & melons, fresh/dry vegs. & nuts-3.8%-19.1%-12.5%1.2%2.1%1.8%2.3%
013Slaughter livestock-3.4%3.0%45.1%2.0%2.9%1.5%2.7%
014Slaughter poultry-0.8%0.1%48.7%2.3%4.0%3.2%4.0%
015Raw cotton4.3%-17.6%43.1%-0.2%2.5%0.2%3.3%
016Raw milk-4.7%28.5%5.2%-1.2%1.6%-2.2%1.1%
017Chicken eggs13.6%-7.9%29.1%-0.8%1.3%0.0%1.3%
018Hay, hayseeds and oilseeds-2.5%0.4%53.0%1.0%5.5%0.7%5.4%
02PROCESSED FOODS AND FEEDS-2.2%2.5%9.1%1.7%2.8%1.5%2.6%
021Cereal and bakery products1.0%0.5%4.0%1.1%2.5%1.2%2.6%
022Meats, poultry, and fish-7.9%5.6%22.2%3.8%3.4%2.9%2.8%
023Dairy products-0.3%7.7%-0.8%0.4%2.0%0.1%1.9%
024Processed fruits and vegetables0.0%-0.8%2.2%1.9%2.7%1.7%2.7%
025Sugar and confectionery0.4%3.5%0.2%0.2%2.5%0.2%2.6%
026Beverages and beverage materials-0.1%1.7%1.6%1.2%1.9%1.2%1.9%
027Fats and oils3.2%-4.4%47.8%0.8%6.0%1.2%6.2%
028Miscellaneous processed foods-0.2%-1.0%0.9%1.4%2.0%1.4%2.0%
029Prepared animal feeds-0.5%0.5%19.5%0.8%3.9%0.9%4.0%
03TEXTILE PRODUCTS AND APPAREL1.5%-0.4%9.0%1.2%1.4%1.3%1.5%
031Synthetic fibers3.0%-1.2%16.0%2.5%1.3%2.2%1.4%
032Processed yarns and threads0.8%-4.3%16.5%-0.3%1.9%0.0%2.0%
033Greige fabrics1.0%-2.0%4.7%-0.4%1.1%-0.8%1.1%
034Finished fabrics1.5%1.4%9.9%1.6%1.9%2.0%1.9%
038Apparel & other fabricated textile prods1.3%1.3%2.5%1.5%1.1%1.6%1.2%
039Miscellaneous textile products/services0.0%-9.4%12.6%0.2%1.1%0.4%1.1%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS7.3%-3.1%46.9%-0.3%1.1%0.4%1.3%
041Hides and skins, incl. cattle16.8%-13.9%239.1%-2.9%0.3%-1.3%0.8%
044Other leather and related products0.6%1.1%1.6%2.0%1.5%2.0%1.6%
05FUELS AND RELATED PRODUCTS AND POWER4.4%-6.2%43.0%-1.2%2.9%-0.9%3.1%
053Gas fuels13.6%-54.3%138.5%-5.5%-1.9%-4.5%-1.3%
055Utility natural gas8.3%-19.4%35.8%0.6%0.6%1.4%1.3%
056Crude petroleum (domestic production)3.0%12.7%115.9%-3.4%5.0%-3.3%5.0%
057Petroleum products, refined6.1%4.9%72.2%-2.6%5.3%-2.0%5.2%
058Asphalt and other petroleum and coal products, n.e.c.1.5%-22.7%50.8%-3.5%7.8%-3.3%7.8%
06CHEMICALS AND ALLIED PRODUCTS0.9%-2.7%22.6%1.8%3.9%1.9%4.0%
061Industrial chemicals0.8%-6.8%45.3%-0.9%4.4%-0.7%4.5%
062Paints and allied products2.1%3.1%8.3%2.3%3.5%2.4%3.6%
063Drugs and pharmaceuticals0.0%2.4%1.9%4.8%4.5%4.7%4.5%
064Fats and oils, inedible0.1%3.4%99.8%0.7%9.4%0.7%9.4%
065Agricultural chemicals and chemical products2.7%-8.1%31.8%0.8%3.2%1.1%3.4%
066Plastic resins and materials2.2%-11.1%54.7%2.8%3.9%2.8%4.0%
067Other chemicals and allied products1.0%1.3%4.9%1.6%2.2%1.6%2.2%
07RUBBER AND PLASTIC PRODUCTS2.7%-1.1%14.3%1.5%2.6%1.7%2.7%
071Rubber and rubber products2.2%-0.4%8.3%0.1%2.4%0.1%2.5%
072Plastic products2.9%-1.3%16.2%1.9%2.7%2.2%2.8%
08LUMBER AND WOOD PRODUCTS-7.6%-0.9%33.5%6.4%3.7%5.5%3.3%
084Other wood products2.6%2.3%23.3%3.8%2.4%4.2%2.6%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products2.2%-4.3%15.4%1.5%1.8%1.7%1.9%
086Prefabricated wood buildings & components-1.8%1.4%25.5%4.9%3.6%4.7%3.4%
087Treated wood and contract wood preserving-14.0%3.0%1.5%5.6%3.2%3.8%2.3%
09PULP,PAPER, AND ALLIED PRODUCTS2.2%-2.3%13.5%1.6%2.2%1.7%2.3%
091Pulp, paper, and prod., ex. bldg. paper2.7%-4.2%12.7%1.3%2.2%1.5%2.4%
092Building paper & building board mill prods.6.7%0.6%131.3%11.7%7.1%12.4%7.4%
094Publications, printed matter & printing material-0.1%2.6%4.2%1.2%1.1%
10METALS AND METAL PRODUCTS3.5%-4.2%40.9%2.6%4.3%2.9%4.5%
101Iron and steel7.8%-15.7%89.7%3.3%6.0%4.0%6.4%
102Nonferrous metals-0.5%2.4%31.0%1.8%4.9%1.6%5.0%
103Metal containers4.6%-0.4%13.5%1.4%2.6%1.9%2.8%
105Plumbing fixtures and fittings0.2%3.2%3.5%2.2%2.5%2.2%2.5%
106Heating equipment0.7%4.4%10.8%3.2%3.5%3.2%3.5%
107Fabricated structural metal products2.8%-0.2%28.1%3.4%3.7%3.7%3.8%
108Miscellaneous metal products1.1%1.1%7.5%1.4%2.0%1.4%2.0%
11MACHINERY AND EQUIPMENT0.9%1.6%3.6%1.1%0.9%1.2%1.0%
111Agricultural machinery and equipment1.4%2.3%6.3%2.0%2.6%2.1%2.6%
112Construction machinery and equipment1.2%2.2%4.5%2.2%2.5%2.2%2.6%
113Metalworking machinery and equipment0.6%1.4%4.1%1.6%1.6%1.6%1.6%
114General purpose machinery and equipment1.3%2.3%6.1%2.4%2.8%2.5%2.8%
115Electronic computers and computer equipment0.4%-3.3%0.0%-2.8%-5.5%-2.8%-5.5%
116Special industry machinery and equipment2.5%2.0%9.2%1.8%1.6%2.0%1.8%
117Electrical machinery and equipment0.4%1.3%2.0%0.5%0.1%0.6%0.1%
118Miscellaneous instruments0.7%2.1%1.7%1.6%1.7%1.7%1.7%
119Miscellaneous machinery0.5%1.5%1.7%0.8%1.7%0.9%1.7%
12FURNITURE AND HOUSEHOLD DURABLES1.1%2.0%7.3%2.0%1.8%2.1%1.8%
121Household furniture1.2%2.3%9.0%2.3%2.2%2.4%2.3%
122Commercial furniture0.4%2.5%8.8%2.6%2.5%2.6%2.5%
123Floor coverings-0.1%-0.1%3.3%1.5%2.3%1.5%2.2%
124Household appliances2.9%2.9%2.9%1.2%0.9%1.5%1.0%
125Home electronic equipment1.9%2.3%3.6%0.4%-1.4%0.6%-1.3%
126Other household durable goods1.0%1.3%10.1%1.9%1.7%2.0%1.7%
13NONMETALIC MINERAL PRODUCTS0.6%1.5%5.7%2.7%3.2%2.8%3.2%
132Concrete ingredients and related products0.1%3.3%4.1%3.6%3.8%3.6%3.8%
133Concrete products0.3%2.7%5.0%3.3%3.4%3.4%3.4%
134Clay construction products ex. refractories0.6%1.3%2.9%1.1%1.1%1.2%1.1%
136Asphalt felts and coatings1.1%-0.8%9.2%1.3%4.9%1.2%4.9%
137Gypsum products2.6%-4.2%21.6%6.3%4.4%6.7%4.7%
138Glass containers3.6%2.7%5.2%1.3%2.6%1.8%2.7%
139Other nonmetallic minerals0.3%0.2%4.8%1.6%3.1%1.6%3.1%
14TRANSPORTATION EQUIPMENT0.5%0.5%3.0%1.3%1.3%1.3%1.3%
141Motor vehicles and equipment0.6%-0.1%3.8%1.2%0.9%1.3%0.9%
142Aircraft and aircraft equipment0.3%1.4%1.2%1.5%2.3%1.5%2.2%
143Ships and boats0.6%3.2%2.1%1.4%2.5%1.5%2.5%
144Railroad equipment0.1%1.3%0.9%1.0%2.1%1.0%2.1%
149Transportation equipment, n.e.c.0.6%0.6%5.0%1.4%1.4%1.5%1.4%
15MISCELLANEOUS PRODUCTS0.9%4.0%5.5%2.6%2.6%2.6%2.6%
151Toys, sporting goods, small arms, etc.0.2%4.6%6.9%1.7%1.5%1.6%1.5%
152Tobacco products, incl. stemmed & redried2.7%6.2%8.8%5.5%4.4%5.5%4.6%
154Photographic equipment and supplies-0.3%7.1%3.2%2.8%1.4%2.8%1.3%
155Mobile homes1.9%8.7%30.8%6.1%5.0%6.3%5.0%
156Medical, surgical & personal aid devices0.1%1.4%1.2%1.0%1.2%0.9%1.2%
157Other industrial safety equipment1.6%-0.9%7.2%1.7%1.7%1.9%1.8%
159Other miscellaneous products0.0%5.7%6.1%2.0%2.2%2.0%2.2%

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

Inflation Rate PeriodPPI InflationCPI InflationDIFF: PPI vs. CPI
7 Months Ended July '212.40%1.43%0.98%
6 Months Ended June '212.41%0.90%1.51%
5 Months Ended May '211.99%0.72%1.26%
4 Months Ended April '211.50%0.69%0.82%
3 Months Ended March '210.84%0.12%0.72%
2 Months Ended Febuary '210.51%0.00%0.51%
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%
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