BLS CPI & PPI Inflation History

BLS CPI & PPI Inflation History

Bureau of Labor Statistics Producer Price Index (BLS PPI) Table 9 Inflation Rates for Selected Commodities Through October 2024

 PPI CodeBLS PPI Category Description1M 10/24YTD 10/241YR 10/243YR 10/245Y 10/2410YR 10/2420Y 10/24
01FARM PRODUCTS0.1%1.4%2.8%3.7%6.5%1.2%3.1%
011Fruits & melons, fresh/dry vegs. & nuts-0.5%-1.2%8.4%2.0%2.0%2.2%1.9%
012Grains-1.3%-17.7%-17.6%-10.4%0.4%0.8%3.4%
013Slaughter livestock0.5%15.7%6.5%13.1%11.5%1.3%3.8%
014Slaughter poultry1.6%1.3%13.2%6.1%10.7%1.7%3.8%
015Raw cotton3.2%-15.8%-18.2%-13.8%1.7%-0.6%2.0%
016Raw milk14.4%26.0%26.4%17.0%8.9%1.0%3.0%
017Chicken eggs-20.6%46.9%99.6%34.8%29.2%6.9%8.1%
018Hay, hayseeds and oilseeds-3.6%-22.9%-21.2%-7.4%1.1%-0.1%3.1%
02PROCESSED FOODS AND FEEDS-0.5%3.4%1.8%4.0%4.9%2.0%2.9%
021Cereal and bakery products0.4%-0.4%-0.8%5.6%5.0%2.8%3.2%
022Meats, poultry, and fish-2.0%7.1%2.7%0.5%5.2%1.0%2.7%
023Dairy products-0.4%7.7%5.7%5.2%3.6%0.6%2.3%
024Processed fruits and vegetables0.6%1.7%2.0%10.2%7.3%4.3%3.9%
025Sugar and confectionery0.5%10.3%11.3%8.6%5.6%3.2%3.4%
026Beverages and beverage materials0.8%3.8%2.6%6.1%4.5%2.9%2.6%
027Fats and oils0.5%-7.9%-9.5%-4.4%6.4%2.2%2.9%
028Miscellaneous processed foods-1.1%1.7%2.0%6.4%5.1%2.8%2.8%
029Prepared animal feeds0.1%-4.3%-5.7%1.3%4.2%1.3%3.7%
03TEXTILE PRODUCTS AND APPAREL0.5%1.2%0.4%3.2%4.3%2.5%2.2%
031Synthetic fibers3.6%4.6%-0.1%2.6%4.8%3.0%2.2%
032Processed yarns and threads-0.2%0.7%-0.2%1.3%4.8%2.3%2.4%
033Greige fabrics-0.2%-0.7%-1.3%3.4%3.9%1.8%2.0%
034Finished fabrics0.3%0.6%0.9%3.4%4.7%2.8%2.6%
038Apparel & other fabricated textile prods0.2%1.9%1.7%3.9%3.3%2.2%1.9%
039Miscellaneous textile products/services-3.5%-7.0%-5.3%4.9%6.9%2.4%2.0%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS0.5%-1.0%-0.7%-0.6%1.6%-2.7%0.3%
041Hides and skins, incl. cattle1.3%-11.8%-11.6%-14.5%-5.6%-12.2%-3.8%
042Leather1.1%-0.8%-0.5%-2.6%2.2%-4.3%-0.5%
043Footwear0.2%1.9%2.0%5.8%4.0%2.9%2.8%
044Other leather and related products0.1%1.7%1.9%3.9%3.1%2.4%2.1%
05FUELS AND RELATED PRODUCTS AND POWER1.0%-0.5%-10.5%-1.8%5.4%0.8%2.4%
051Coal-2.7%1.6%-2.4%13.0%7.4%3.9%4.9%
053Gas fuels10.2%-14.0%-16.1%-25.7%3.9%-5.8%-3.6%
055Utility natural gas0.2%-5.2%-0.6%-1.4%7.4%2.7%1.7%
056Crude petroleum (domestic production)10.8%5.5%-17.7%-4.0%6.6%-1.3%1.8%
057Petroleum products, refined3.1%-1.6%-17.5%-3.3%5.1%-0.4%2.9%
058Asphalt and other petroleum and coal products, n.e.c.-2.3%-9.6%-28.2%-3.6%1.7%-0.7%6.2%
06CHEMICALS AND ALLIED PRODUCTS0.8%2.2%0.5%0.3%4.1%2.1%3.4%
061Industrial chemicals1.3%2.7%-2.4%-2.5%4.5%0.6%2.9%
062Paints and allied products-0.1%0.5%-0.2%6.5%6.4%3.8%4.1%
063Drugs and pharmaceuticals0.2%2.3%2.4%2.8%2.4%3.7%4.4%
064Fats and oils, inedible-0.2%10.4%0.9%-2.3%12.0%4.2%4.9%
065Agricultural chemicals and chemical products0.2%-0.2%2.5%-0.8%6.0%1.8%3.4%
066Plastic resins and materials3.5%3.7%3.0%-6.0%3.8%0.3%2.3%
067Other chemicals and allied products-0.3%0.9%0.9%5.5%4.6%2.9%3.0%
07RUBBER AND PLASTIC PRODUCTS0.1%1.3%1.4%3.4%5.4%2.9%3.2%
071Rubber and rubber products0.3%2.4%2.2%4.5%4.7%2.4%3.0%
072Plastic products0.1%1.0%1.2%3.1%5.7%3.1%3.2%
08LUMBER AND WOOD PRODUCTS0.7%1.1%0.3%0.2%4.8%2.8%2.1%
081Lumber1.1%7.3%3.9%-3.9%4.3%1.9%1.1%
082Millwork0.4%1.5%1.1%2.8%6.2%4.3%3.0%
083Plywood1.0%-4.2%-5.1%1.5%6.8%2.5%1.8%
084Other wood products0.8%-3.3%-1.7%-1.1%3.4%2.6%2.2%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products-0.1%-1.4%-3.3%-0.5%1.8%0.6%1.4%
086Prefabricated wood buildings & components2.4%1.7%1.3%4.2%7.4%5.1%3.3%
087Treated wood and contract wood preserving0.4%-1.1%-0.9%5.9%5.6%3.0%2.6%
09PULP,PAPER, AND ALLIED PRODUCTS0.1%3.4%2.2%4.1%5.8%3.1%2.7%
091Pulp, paper, and prod., ex. bldg. paper-0.2%4.3%3.2%3.2%5.6%2.9%2.9%
092Building paper & building board mill prods.0.3%-10.1%-22.1%-7.3%7.6%4.4%2.4%
094Publications, printed matter & printing material0.6%2.5%2.8%7.9%6.1%3.6%
10METALS AND METAL PRODUCTS0.7%-0.7%1.3%-1.7%7.4%3.7%3.4%
101Iron and steel0.4%-10.3%-6.8%-11.0%7.6%2.5%2.5%
102Nonferrous metals2.7%9.3%11.4%2.0%7.8%3.9%4.4%
103Metal containers-0.4%0.6%-0.1%5.7%6.7%4.0%3.3%
104Hardware0.5%0.2%0.0%3.7%5.0%3.2%2.8%
105Plumbing fixtures and fittings0.0%1.6%1.6%4.4%3.7%3.0%3.0%
106Heating equipment0.1%2.3%2.5%6.9%7.3%5.0%4.3%
107Fabricated structural metal products-0.5%-2.0%-0.4%3.2%8.8%5.3%3.8%
108Miscellaneous metal products-0.1%2.5%2.8%4.9%5.3%3.2%2.6%
11MACHINERY AND EQUIPMENT0.1%2.6%2.8%5.6%4.6%2.8%1.9%
111Agricultural machinery and equipment0.5%0.7%0.3%6.1%6.2%3.8%3.3%
112Construction machinery and equipment0.1%0.9%2.6%6.7%5.6%3.6%3.2%
113Metalworking machinery and equipment0.6%3.4%3.8%6.2%4.9%3.1%2.5%
114General purpose machinery and equipment0.0%3.2%3.0%7.7%6.7%4.4%3.8%
115Electronic computers and computer equipment-0.1%2.3%3.2%56.6%30.9%12.7%2.9%
116Special industry machinery and equipment0.1%2.8%2.9%6.3%6.1%3.7%2.6%
117Electrical machinery and equipment0.2%2.4%2.6%4.0%3.4%1.9%1.0%
118Miscellaneous instruments0.1%3.4%3.7%6.3%4.5%3.1%2.4%
119Miscellaneous machinery-0.1%2.6%2.8%4.8%3.6%2.2%2.3%
12FURNITURE AND HOUSEHOLD DURABLES0.4%1.5%1.6%4.0%4.6%3.1%2.5%
121Household furniture-0.2%1.4%2.0%3.2%4.4%3.1%2.7%
122Commercial furniture0.0%2.9%3.2%6.0%6.3%4.2%3.3%
123Floor coverings3.4%3.5%1.0%1.4%2.0%1.7%2.3%
124Household appliances0.4%-1.0%-0.5%3.5%3.9%2.5%2.0%
125Home electronic equipment0.0%1.5%1.6%3.8%3.8%2.1%0.0%
126Other household durable goods0.0%1.1%1.3%3.7%4.4%2.8%2.2%
13NONMETALIC MINERAL PRODUCTS0.0%3.8%3.7%7.6%6.3%4.4%4.0%
131Glass-0.5%1.4%2.2%4.3%4.5%3.6%2.3%
132Concrete ingredients and related products-0.1%6.7%6.6%9.0%7.0%5.5%4.7%
133Concrete products-0.3%3.4%2.9%9.1%7.2%5.3%4.3%
134Clay construction products ex. refractories-0.1%0.5%0.9%4.7%4.3%2.7%2.0%
135Refractories0.5%1.7%2.0%5.5%4.4%3.6%3.9%
136Asphalt felts and coatings2.2%2.4%2.4%6.8%7.5%3.8%5.5%
137Gypsum products0.0%5.0%4.7%6.3%8.4%5.0%4.1%
138Glass containers0.1%7.5%6.6%9.5%7.1%4.3%3.6%
139Other nonmetallic minerals0.1%3.3%3.4%6.9%5.2%2.9%3.9%
14TRANSPORTATION EQUIPMENT0.3%1.5%1.6%2.9%2.5%1.7%1.6%
141Motor vehicles and equipment0.5%0.9%0.9%2.5%2.4%1.6%1.2%
142Aircraft and aircraft equipment0.0%3.3%3.6%3.9%2.8%2.0%2.3%
143Ships and boats-0.2%1.5%1.7%3.6%3.2%2.4%2.5%
144Railroad equipment-0.8%0.2%0.2%1.4%1.2%0.9%2.0%
149Transportation equipment, n.e.c.0.0%-1.5%-1.9%2.9%3.2%2.5%1.8%
15MISCELLANEOUS PRODUCTS0.0%4.7%5.2%6.4%5.6%4.1%3.4%
151Toys, sporting goods, small arms, etc.0.1%3.1%4.4%6.8%6.0%3.6%2.6%
152Tobacco products, incl. stemmed & redried0.4%9.6%9.5%10.6%9.4%7.5%6.1%
153Notions0.0%-0.1%1.7%5.1%5.0%3.1%3.6%
154Photographic equipment and supplies-5.9%-0.9%-0.2%4.4%4.1%2.9%2.6%
155Mobile homes0.1%1.5%-0.6%2.9%8.3%6.2%4.7%
156Medical, surgical & personal aid devices-0.1%1.7%2.2%2.9%2.2%1.6%1.3%
157Other industrial safety equipment0.2%3.6%3.8%6.5%5.6%3.2%2.4%
159Other miscellaneous products0.5%5.0%5.9%7.3%6.3%4.3%3.1%

Bureau of Labor Statistics Consumer Price Index (BLS CPI) Inflation Rates for Selected Categories Through October 2024

BLS CPI CodeBLS CPI Category Description1M 10/241Y 10/243Y 10/245Y 10/2410Y 10/2420Y 10/24
SAFFOOD & BEVERAGES0.2%2.2%2.1%5.3%4.9%2.4%
SAF11Food at home0.1%1.7%1.1%5.1%4.9%2.4%
SAF114Nonalcoholic beverages & beverage materials0.5%2.2%1.7%5.8%5.3%2.6%
SEFNJuices & nonalcoholic drinks0.7%2.2%2.0%6.1%5.7%2.8%
SEFN01Carbonated drinks0.7%2.7%2.3%6.1%6.3%3.1%
SEFN03Nonfrozen noncarbonated juices & drinks0.7%1.5%1.5%5.9%5.1%2.5%
SEFPBeverage materials including coffee & tea0.1%2.4%1.1%5.1%4.2%2.1%
SEFP01Coffee0.7%2.4%-0.1%4.8%4.3%2.1%
SEFP02Other beverage materials including tea-0.7%2.3%3.0%5.5%4.2%2.1%
SAF115Other food at home0.2%1.1%0.4%6.3%5.3%2.6%
SEFT06Other miscellaneous foods0.7%0.4%0.4%6.0%5.3%2.6%
SEFWAlcoholic beverages at home-0.2%1.6%1.1%2.5%2.2%1.1%
SEFW01Beer, ale & other malt beverages at home0.1%2.7%2.6%4.4%3.6%1.8%
SEFW02Distilled spirits at home-0.4%0.7%0.1%0.9%1.8%0.9%
SEFW03Wine at home-0.3%1.1%0.3%1.5%1.2%0.6%
SEHEFUEL OIL & OTHER FUELS1.6%-7.1%-11.9%1.8%5.1%2.5%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS-0.1%0.8%-0.6%3.1%3.5%1.7%
SAAAPPAREL-1.7%5.9%0.3%2.3%1.1%0.5%
SAM1MEDICAL CARE COMMODITIES-0.2%0.6%1.0%2.9%1.5%0.7%
SEMFMedicinal drugs-0.2%0.6%0.9%2.8%1.5%0.7%
SEMF01Prescription drugs0.2%1.5%1.6%2.3%1.2%0.6%
SEMF02Nonprescription drugs-1.1%-1.0%-0.5%4.1%2.2%1.1%
SEMGMedical equipment and supplies0.0%0.3%2.1%4.5%1.7%0.8%
SARRECREATION0.3%1.0%1.0%2.8%2.7%1.3%
SEEAEDUCATIONAL BOOKS & SUPPLIES2.5%2.5%1.3%1.0%0.5%
SEGATOBACCO & SMOKING PRODUCTS0.6%5.7%6.8%6.9%6.7%3.3%
SEGBPERSONAL CARE PRODUCTS0.3%1.7%0.0%3.9%2.2%1.1%
SEGEMISCELLANEOUS PERSONAL GOODS1.5%-1.3%-2.4%3.1%2.4%1.2%
SAGOTHER GOODS AND SERVICES0.4%3.3%3.3%5.3%4.4%2.2%
SEREOther recreational goods-1.0%-1.2%-2.8%-0.4%-1.0%-0.5%
SERGRecreational reading materials3.4%4.2%3.5%2.7%2.6%1.3%

Resources

Sec. 473 Relief Estimate Request Form
Read more
Auto Dealer IPIC LIFO Case Study
Read more
2023 Top LIFO Opportunities & Strategies Guide
Read more
How LIFO Works: A Beginner’s Guide to LIFO
Read more
How to Identify Clients that are Good LIFO Election Candidates
Read more
How to Easily Implement LIFO
Read more
Complimentary Interim LIFO Estimate Request Form
Read more
Best LIFO Practices & Review
Read more
Auto Dealer LIFO Case Study
Read more
LIFO Election Benefit Analysis
Read more
Downloads

Get information about LIFO-PRO’s offerings, valuable guides & white papers & sample LIFO reports!

Read more
IPIC LIFO Guide

Get educated on the Inventory Price Index Computation (IPIC) method, including the origins, advantages & disadvantages, calculation procedures, options & much more!

Read more
Service Organization Control Report

Learn how LIFO-PRO receives an annual review of our policies & procedures to provide required assurances to our clients.

Read more
LIFO Tax Benefit Calculator

Calculate the potential tax savings from using LIFO & determine your company’s historical inflation percentages!

Read more
Secure File Upload Portal

Here you can send us all files needed for us to seamlessly give you the best LIFO results possible. We look forward to working with you!

Read more
CPA Firm LIFO Opportunities & Training Guide

Learn about LIFO opportunities abound for CPA firms, how to increase the scope of your LIFO offerings & learn how to easily identify good LIFO candidates!

Read more
Interim Estimate Options

Learn how to easily make interim LIFO estimates manually or within our software!

Read more
Non-disclosure Agreement Request Form

Get a NDA generated electronically in less than a minute using LIFO-PRO’s online request form page & avoid having to print, sign & scan a paper NDA!

Read more
IPIC LIFO Resources

Learn how the IPIC LIFO Method works, find valuable Bureau of Labor Statistics (BLS) links and stay up to date on all changes related to the IPIC Method!

Read more
LIFO Success Stories

Learn about LIFOPro’s past roles in partnering with companies & CPA firms to deliver great value by finding solutions to the most challenging LIFO issues!

Read more
IPIC LIFO Overview

The Inventory Price Index Computation (IPIC) method allows taxpayers to use published external indexes to calculate inflation for the purpose of valuing LIFO inventories.

Read more
LIFO Methods, Rules & Regulations

Your comprehensive resource for authoritative LIFO guidance, LIFO election requirements, and method alternatives!

Read more
Supermarket Physical Count Procedures

Find helpful information on how IRS regulations effect grocery LIFO Count Procedures for CPI & PPI taxpayers on our Supermarket Count Procedures page.

Read more
Special Challenges for Supermarkets

Supermarkets face LIFO calculation issues unique to the industry. Find out why & answers to how they are dealt with Special Challenges for Supermarkets page.

Read more
Why the Double-extension LIFO Index Calculation Method is Unreliable

Facts describing why the double-extension LIFO index calculation method is unreliable and examples proving how this method creates unpredictable results.

Read more
Addition of Services Table 9 Codes

Find recent important changes & BLS addition of Table 9 Wherever-provided Services & Construction PPI Indexes & Important Change in PPI Code Structure page.

Read more
CPI Category Updates

Find information on CPI Category Changes & Bureau of Labor Statistics Consumer Price Index update information such as new medical commodity codes here!

Read more
PPI Category Updates

Learn IRS Regulations Requirements for missing PPI Indexes, procedures for reassigning discontinued PPI Categories at LIFO-PRO’s PPI Category Changes page.

Read more
Producer Price Index Usage by Supermarkets to Increase Tax Deferral

Learn how drugs, non-foods & food/beverage indexes cause increase LIFO tax benefits at our PPI Index Usage by Supermarkets to Increase Tax Deferral page.

Read more
BLS CPI & PPI Inflation History

Get the most up to date Bureau of Labor Statistics Consumer & Producer Price Index inflation data from LIFOPro!

Read more
IPIC LIFO Advantages

Switching from the double-extension to link-chain method? Want to achieve higher possible inflation indexes? Learn more at the IPIC LIFO Advantages page.

Read more
LIFO Repeal Updates

Get the latest LIFO repeal updates including the latest news on corporate tax reform at LIFO-PRO’s LIFO Repeal Updates page.

Read more
LIFOPro Videos

LIFO-PRO Company Overview – Quick 1 minute video explaining LIFO-PRO’s service and software offerings.

Read more
Request Forms Page

Request a software trial, LIFO Election Benefit Analysis, Best LIFO Practices Methods Review or cost estimate. All of our requests are complimentary & free of obligation!

Read more
FAQ’s

View some of our frequently asked questions to learn more about LIFO

Read more
LIFO Glossary

Accounting and financial professionals who work with LIFO need to understand the jargon associated with LIFO. Below are a number of LIFO-related terms.

Read more
What Makes a Good LIFO Candidate?

Get answers to who should use the LIFO method, how much LIFO may benefit your company or client & good LIFO candidates by industry & principal business activity along with historical inflation data.

Read more
How LIFO Works

Hundreds of companies & CPA firms utilize our LIFO outsourcing solutions or the LIFO-PRO software for turnkey LIFO solutions.

Read more

Get a Software Trial, Analysis, Review or Cost Estimate

Trial the software for 90 days. Get a complimentary analysis for companies considering using LIFO. Get a complimentary review for companies on LIFO. Request a cost estimate. Use our simple form to submit your request.

Subscribe Today

Sign up today to receive industry news & promotional offers from LIFO-PRO