Jamie Pentagulio

The BLS released May ’20 PPI today. The All commodities index increased 1.8% from April – May ’20 & decreased 6.1% between May ’19 – ’20.

Commodities Affected by COVID-19 & the Related Supply/Demand Volatility


Fruits & melons, fresh/dry vegetables & nuts saw a 5.7% decrease between April – May 2020 and a 6.1% decrease between May 2019 – May 2020. Processed foods & feeds increased by 7.1% over the last month and rose 7.4% over the last 12 months. Chicken eggs saw a 41.2% deflation between April – May ’20 and a 54.8% inflation from May 2019 – May 2020. Meats, poultry and fish rose 29.2% over the last month and increased 28.3% between May 2019 – May 2020. Beverages and beverage materials saw no change in the last month & increased 1.6% over the last 12 months. Cereal and bakery products decreased 0.3% over the last month & increased 1.2% over the last 12 months. Processed fruits and vegetables saw an increase of 1.4% between April – May 2020 and increased 1.6% between May 2019 – May 2020. Miscellaneous processed foods decreased 0.9% over the last month and saw an increase of 2.3% between May 2019 – May 2020. Sugar and confectionery saw a 0.3% increase in the last month and an increase of 2% over the last 12 months.




Cleaning & Sanitation Supplies

Polishing & other sanitation goods (includes bleach) decreased 0.6% over the last month and increased 3% from May ’19 – ’20. Other specialty cleaning and sanitation products decreased 2.3% in the last month & increased by 2.1% over the last 12 months. Specialty cleaning and sanitation products decreased 0.8% over the last month & increased 3.1% between May ’19 – ’20. Disinfectants (nonagricultural, industrial & institutional) saw no change in the last month & increased 10.6% over the last 12 months. Sanitary paper products, including stock, increased 0.1% between April – May ’20 and increased 0.6% between May ’19 – ’20.

Drugs, Pharmaceuticals & Personal Protective Equipment

Drugs and pharmaceuticals were unchanged between April – May and increased 2.2% between May ’19 – ’20. Pharmaceutical preparations decreased 0.1% in the last month and rose 2.3% over the last 12 months. Biological products, including diagnostics maintained from last month’s PPI release and increased 1.8% between May ’19 – ’20. Medicinal & botanical chemicals, drugs & other products also saw no change over the last month & increased 2.3% over the last 12 months. All other surgical and medical items (includes gloves and respirators) increased 0.2% between April – May ’20 and increased 4.7% between May ’19 – ’20. Personal safety equipment & clothing (includes masks, gowns & headgear) was unchanged both over the last month & the last year.

Other Price Change Highlights for May 2020

Wastepaper increased 18.3% over the last month and rose 89.5% between May ’19 – ’20. Construction sand, gravel and crushed stone decreased 0.1% in the last month and saw an increase of 5.1% over the last 12 months. Concrete products decreased 0.1% over the last month and increased 3.1% between May ’19 – ’20. Ready-mix concrete rose by 0.4% since over the last month & increased 2.7% between May ’19 – ’20. Refractories saw a 0.3% decrease from April 2020 and a 2.4% rise from May 2019.

BLS PPI Historical Annual Inflation Rate Averages Table for Selected Commodities Through May 2020:

 PPI CodeBLS PPI Category Description1 Month May '20YTD May '201 Year May '203 Year May '205 Year May '2010 Year May '2020 Year May '20
01FARM PRODUCTS3.6%-10.2%-7.3%-3.7%-3.6%-0.2%1.8%
011Fruits & melons, fresh/dry vegs. & nuts-5.1%-10.9%-5.6%-1.3%1.1%-0.5%2.5%
013Slaughter livestock-6.2%2.5%-19.0%-4.1%-5.3%1.7%2.0%
014Slaughter poultry-35.4%-7.2%-44.9%-8.7%-6.2%0.1%2.6%
015Raw cotton-14.5%-11.1%-32.4%-10.8%-2.9%-1.9%-0.3%
016Raw milk-4.7%-33.0%5.6%-5.8%-3.9%-1.3%0.5%
017Chicken eggs7.9%-33.0%78.6%5.3%-13.1%-4.4%2.3%
018Hay, hayseeds and oilseeds-1.5%-5.0%-3.5%-2.1%-2.0%0.0%2.3%
02PROCESSED FOODS AND FEEDS0.3%6.8%0.7%2.9%1.4%2.3%2.6%
021Cereal and bakery products0.3%0.3%1.3%1.7%0.8%1.7%2.5%
022Meats, poultry, and fish3.3%29.7%0.5%7.9%3.5%4.6%3.4%
023Dairy products-4.5%-10.2%-2.5%-1.1%-0.6%1.1%1.7%
024Processed fruits and vegetables0.1%2.4%0.1%1.7%1.4%1.8%2.5%
025Sugar and confectionery-0.8%-0.9%1.8%1.4%0.6%1.2%2.7%
026Beverages and beverage materials0.3%1.4%1.6%1.7%1.3%1.5%2.0%
027Fats and oils0.3%-0.4%-1.3%-2.6%-1.0%0.2%3.6%
028Miscellaneous processed foods-0.3%1.5%1.4%1.8%0.9%1.5%2.1%
029Prepared animal feeds0.8%2.1%1.7%1.3%0.2%1.5%3.1%
03TEXTILE PRODUCTS AND APPAREL-0.1%-0.7%-1.1%0.9%0.7%1.3%1.0%
031Synthetic fibers-0.4%-2.5%-3.0%1.5%1.0%1.0%0.8%
032Processed yarns and threads-1.0%-1.6%-2.5%-0.2%0.0%0.7%1.2%
033Greige fabrics0.2%-0.8%-1.8%0.1%-0.3%0.8%1.1%
034Finished fabrics-0.1%-0.1%-0.2%1.4%1.0%1.7%1.4%
038Apparel & other fabricated textile prods0.4%0.1%1.0%1.2%1.0%1.7%1.0%
039Miscellaneous textile products/services-0.2%-1.2%-8.3%-3.5%-2.0%-0.5%0.6%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS-3.3%-11.2%-11.6%-9.6%-7.7%-1.8%-0.1%
041Hides and skins, incl. cattle-11.6%-36.9%-34.9%-29.4%-22.7%-9.5%-3.7%
044Other leather and related products-0.2%0.7%0.4%1.4%1.2%2.0%1.5%
05FUELS AND RELATED PRODUCTS AND POWER-18.0%-24.9%-33.6%-7.7%-5.9%-3.7%1.3%
053Gas fuels-21.6%-23.7%-50.6%-18.5%-9.0%-11.2%-2.3%
055Utility natural gas-2.7%-6.8%-9.7%-3.6%-0.9%-1.9%1.9%
056Crude petroleum (domestic production)-48.9%-61.2%-75.6%-19.1%-17.6%-11.9%-1.3%
057Petroleum products, refined-39.3%-45.8%-55.7%-14.0%-12.1%-7.2%0.8%
058Asphalt and other petroleum and coal products, n.e.c.-5.5%-9.2%-28.2%1.7%-5.3%0.7%5.0%
06CHEMICALS AND ALLIED PRODUCTS-3.8%-5.2%-5.4%-1.6%0.4%0.9%2.9%
061Industrial chemicals-11.1%-16.4%-17.2%-7.6%-3.1%-2.9%2.3%
062Paints and allied products0.2%0.4%2.9%3.4%1.9%2.4%3.2%
063Drugs and pharmaceuticals0.0%2.2%2.0%3.4%4.6%5.0%4.5%
064Fats and oils, inedible-4.2%-6.1%-0.7%-6.0%-3.3%-2.1%4.9%
065Agricultural chemicals and chemical products-1.2%-1.2%-10.6%-0.6%-2.7%0.5%2.5%
066Plastic resins and materials-4.8%-8.1%-3.7%-5.7%-2.8%-0.3%1.5%
067Other chemicals and allied products0.0%-0.3%0.5%1.2%1.2%1.7%2.1%
07RUBBER AND PLASTIC PRODUCTS0.0%-0.3%-0.7%0.8%0.7%1.4%2.3%
071Rubber and rubber products-0.3%-0.2%-0.8%0.0%0.5%1.1%2.2%
072Plastic products0.1%-0.3%-0.7%1.0%0.8%1.5%2.3%
08LUMBER AND WOOD PRODUCTS-1.9%0.7%-1.2%1.0%1.3%2.1%1.4%
084Other wood products-0.1%-0.3%0.3%3.3%1.6%2.3%1.5%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products0.3%-0.8%-1.2%0.2%-0.6%0.8%0.8%
086Prefabricated wood buildings & components0.4%0.6%2.0%3.0%2.5%2.3%2.3%
087Treated wood and contract wood preserving-0.5%2.5%0.8%2.3%1.3%2.0%1.7%
09PULP,PAPER, AND ALLIED PRODUCTS0.7%1.0%-0.8%0.7%0.8%1.1%1.7%
091Pulp, paper, and prod., ex. bldg. paper1.1%1.1%-1.9%0.5%0.6%1.1%1.6%
092Building paper & building board mill prods.-5.1%1.7%4.1%-2.4%2.7%2.4%1.8%
094Publications, printed matter & printing material0.3%0.6%1.9%1.8%1.2%1.0%
10METALS AND METAL PRODUCTS-1.7%-1.0%-4.4%1.2%1.0%0.5%2.6%
101Iron and steel-3.6%-0.8%-12.6%-1.4%0.6%-0.8%2.8%
102Nonferrous metals-2.5%-3.4%-1.2%1.8%0.7%0.3%3.2%
103Metal containers-0.3%0.2%-0.7%2.9%1.4%0.2%2.2%
105Plumbing fixtures and fittings-0.1%1.3%2.1%3.0%2.3%2.3%2.4%
106Heating equipment0.9%-0.2%2.2%3.4%2.8%2.6%3.0%
107Fabricated structural metal products0.0%0.5%-0.8%3.0%2.0%1.9%2.5%
108Miscellaneous metal products0.1%0.2%-0.5%2.3%1.1%1.1%1.7%
11MACHINERY AND EQUIPMENT-0.1%0.6%1.0%1.6%1.1%1.0%0.8%
111Agricultural machinery and equipment0.0%0.6%2.4%2.3%1.8%1.8%2.3%
112Construction machinery and equipment0.0%1.2%2.1%2.3%1.8%2.2%2.4%
113Metalworking machinery and equipment0.1%0.3%0.6%1.7%1.3%1.5%1.4%
114General purpose machinery and equipment0.3%0.9%1.5%2.8%2.1%2.3%2.6%
115Electronic computers and computer equipment0.0%-1.5%-4.5%-2.5%-2.5%-3.5%-5.9%
116Special industry machinery and equipment0.1%0.4%2.0%1.6%1.4%1.3%1.4%
117Electrical machinery and equipment-0.4%0.4%0.6%1.0%0.6%0.3%-0.1%
118Miscellaneous instruments-0.1%1.0%1.3%1.8%1.7%1.7%1.7%
119Miscellaneous machinery0.1%0.5%1.0%1.6%0.8%0.9%1.7%
12FURNITURE AND HOUSEHOLD DURABLES-0.1%0.5%1.8%2.3%1.6%1.6%1.5%
121Household furniture0.3%0.0%1.5%2.3%1.8%1.8%1.9%
122Commercial furniture-0.6%1.1%3.8%3.2%2.3%2.0%2.1%
123Floor coverings0.0%-0.4%-0.2%2.0%1.1%1.4%2.1%
124Household appliances0.6%0.6%0.7%2.2%1.3%1.4%0.7%
125Home electronic equipment-0.2%0.4%2.3%0.6%0.5%0.0%-1.5%
126Other household durable goods-0.1%0.6%0.8%1.2%1.1%1.1%1.3%
13NONMETALIC MINERAL PRODUCTS-0.3%1.6%1.9%2.6%2.4%2.5%3.0%
132Concrete ingredients and related products1.0%2.9%4.1%3.3%3.8%3.2%3.7%
133Concrete products0.5%2.6%3.5%3.3%3.1%2.8%3.3%
134Clay construction products ex. refractories0.3%0.7%1.4%1.3%1.0%0.7%1.1%
136Asphalt felts and coatings-0.8%-0.8%1.4%3.7%1.4%1.1%4.3%
137Gypsum products-1.2%0.3%-2.2%-0.4%1.6%4.7%2.0%
138Glass containers0.0%1.9%3.0%2.2%1.5%1.7%2.6%
139Other nonmetallic minerals-2.0%0.7%-0.5%1.9%0.8%1.9%3.0%
14TRANSPORTATION EQUIPMENT-0.3%-0.1%0.2%0.9%0.8%1.2%1.2%
141Motor vehicles and equipment-0.6%-0.5%-0.4%0.7%0.6%1.0%0.7%
142Aircraft and aircraft equipment0.2%0.9%1.3%1.4%1.2%1.6%2.4%
143Ships and boats0.0%0.3%2.7%1.8%1.5%1.6%2.5%
144Railroad equipment0.0%0.2%-1.5%0.2%0.6%1.0%2.1%
149Transportation equipment, n.e.c.0.0%-0.1%1.0%1.4%1.7%1.1%1.3%
15MISCELLANEOUS PRODUCTS0.0%1.0%2.6%2.9%2.6%2.5%2.5%
151Toys, sporting goods, small arms, etc.0.0%-0.1%2.1%1.6%1.1%1.1%1.2%
152Tobacco products, incl. stemmed & redried0.1%1.8%4.9%5.6%5.7%5.4%4.4%
154Photographic equipment and supplies2.1%-0.4%1.0%2.3%1.7%2.3%1.2%
155Mobile homes0.0%1.4%10.7%5.4%4.2%3.9%3.7%
156Medical, surgical & personal aid devices0.3%1.3%1.9%1.4%1.1%1.1%1.2%
157Other industrial safety equipment-0.1%1.1%1.4%0.4%0.9%1.2%1.5%
159Other miscellaneous products-0.8%0.1%1.0%2.9%2.2%1.7%1.8%

CPI vs. PPI Supermarket Inflation Comparison Through May 2020:

Inflation Rate PeriodPPI InflationCPI InflationDIFF: PPI vs. CPI
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. '192.33%0.57%1.76%
5 Year Average Ended Dec. '191.70%0.39%1.31%
10 Year Average Ended Dec. '192.65%1.05%1.60%

PPI BLS Economic News Release BLS PPI Table 9 Detailed Report BLS PPI Table 11 Detailed Report Good LIFO Candidates