Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released February 2022 Producer Price Index (PPI) today. Farm products rose 5.6% in the last month and increased 25.9% in the last twelve months. Processed foods + feeds rose by 1.9% from January 2022 and increased 12.8% from February 2021. Textile products + apparel increased 1.5% in the last month and rose by 16.1% in the last twelve months. Hides, skins, leather + related products increased 1.0% from January 2022 and increased 2.9% since February 2021. Fuels, related products + power increased 13.2% in the last month and rose 45.1% in the last twelve months. Chemicals + allied products increased 1.4% from January 2022 and increased 18.3% since February 2021. Rubber + plastic products rose 0.8% in the last month and increased 22.7% in the last twelve months. Lumber + wood products rose 3.5% from January 2022 and increased 20.6% from February 2021. Pulp, paper + allied products increased 1.5% in the last month and rose by 16.3% in the last twelve months. Metals + metal products decreased 1.8% from January 2022 and rose 33.3% from February 2021. Machinery + equipment rose 0.8% in the last month and rose 9.1% in the last twelve months. Furniture + household durables increased 0.7% from January 2022 and rose 11.6% since February 2021. Nonmetallic mineral products rose 0.7% in the last month and increased by 10.7% in the last twelve months. Transportation equipment rose 0.5% from January 2022 and increased 4.3% since February 2021. Miscellaneous products increased by 1.1% in the last month and rose 8.3% in the last twelve months.

 

BLS PPI Annual Inflation Rate Averages Table for Selected Commodities Through February 2022

 PPI CodeBLS PPI Category Description1M 02/22YTD 02/221Y 02/223Y 02/225Y 02/2210Y 02/2220Y 02/22
01FARM PRODUCTS5.6%5.6%25.9%12.7%7.5%2.0%4.1%
011Fruits & melons, fresh/dry vegs. & nuts-1.6%-1.6%15.3%3.7%3.9%4.2%2.7%
012Grains4.5%4.5%20.0%20.4%13.4%0.7%6.0%
013Slaughter livestock11.9%11.9%26.8%8.7%4.2%1.1%3.6%
014Slaughter poultry-6.4%-6.4%52.6%13.1%8.4%4.2%5.3%
015Raw cotton4.7%4.7%44.8%22.2%10.6%2.3%6.4%
016Raw milk9.8%9.8%39.2%12.3%4.9%2.1%2.5%
017Chicken eggs25.5%25.5%45.7%18.4%20.4%5.7%5.4%
018Hay, hayseeds and oilseeds9.8%9.8%15.4%18.9%9.7%2.1%5.8%
02PROCESSED FOODS AND FEEDS1.9%1.9%12.8%5.9%3.9%2.0%3.0%
021Cereal and bakery products2.8%2.8%12.6%4.6%3.6%1.9%3.0%
022Meats, poultry, and fish1.3%1.3%17.7%8.7%5.5%2.8%3.2%
023Dairy products2.6%2.6%16.2%5.5%3.0%1.9%2.5%
024Processed fruits and vegetables0.5%0.5%5.5%3.0%2.5%1.8%2.8%
025Sugar and confectionery0.7%0.7%7.9%2.3%2.0%0.6%2.6%
026Beverages and beverage materials1.6%1.6%6.3%3.2%2.4%1.6%2.2%
027Fats and oils5.6%5.6%46.0%19.7%10.0%3.1%7.0%
028Miscellaneous processed foods2.1%2.1%8.8%3.7%3.0%1.8%2.3%
029Prepared animal feeds2.2%2.2%10.3%8.1%5.0%2.0%4.4%
03TEXTILE PRODUCTS AND APPAREL1.5%1.5%16.1%5.3%4.1%2.2%2.0%
031Synthetic fibers2.8%2.8%19.8%5.4%5.0%2.4%1.9%
032Processed yarns and threads1.3%1.3%24.5%8.9%5.9%2.4%2.9%
033Greige fabrics2.5%2.5%17.8%4.6%3.6%1.2%2.0%
034Finished fabrics1.3%1.3%15.8%6.2%4.8%2.6%2.4%
038Apparel & other fabricated textile prods0.3%0.3%9.0%3.0%2.4%1.9%1.5%
039Miscellaneous textile products/services5.3%5.3%29.9%7.8%4.5%2.5%2.1%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS1.0%1.0%2.9%0.6%-2.2%-0.9%0.7%
041Hides and skins, incl. cattle3.1%3.1%-6.1%-4.0%-9.7%-6.0%-0.9%
042Leather0.2%0.2%6.5%0.8%-3.7%-2.3%0.0%
043Footwear0.2%0.2%6.6%3.2%2.4%2.7%2.2%
044Other leather and related products0.7%0.7%4.7%2.1%2.1%2.2%1.7%
05FUELS AND RELATED PRODUCTS AND POWER13.2%13.2%45.1%15.1%9.1%1.7%5.7%
051Coal3.6%3.6%20.0%4.2%2.8%0.7%4.3%
053Gas fuels59.1%59.1%124.9%33.2%12.4%5.1%6.4%
055Utility natural gas-2.9%-2.9%41.2%12.2%7.5%4.3%4.1%
056Crude petroleum (domestic production)14.9%14.9%67.9%22.9%12.5%-1.3%8.3%
057Petroleum products, refined13.6%13.6%57.3%20.1%13.2%0.1%8.3%
058Asphalt and other petroleum and coal products, n.e.c.9.5%9.5%41.5%14.2%15.9%2.5%9.8%
06CHEMICALS AND ALLIED PRODUCTS1.4%1.4%18.3%6.8%5.3%2.5%4.5%
061Industrial chemicals2.5%2.5%30.2%10.0%6.8%0.6%5.3%
062Paints and allied products1.0%1.0%20.3%7.6%6.4%2.8%4.1%
063Drugs and pharmaceuticals0.1%0.1%2.4%2.1%2.9%4.5%4.6%
064Fats and oils, inedible8.2%8.2%41.5%24.3%9.7%1.1%8.4%
065Agricultural chemicals and chemical products2.9%2.9%56.6%13.5%11.4%3.4%5.4%
066Plastic resins and materials0.3%0.3%21.4%9.1%6.6%2.5%4.6%
067Other chemicals and allied products1.0%1.0%10.7%3.9%3.2%2.2%2.6%
07RUBBER AND PLASTIC PRODUCTS0.8%0.8%22.7%7.4%5.4%2.8%3.4%
071Rubber and rubber products0.4%0.4%14.5%4.8%3.1%0.9%2.9%
072Plastic products0.9%0.9%25.2%8.2%6.1%3.3%3.5%
08LUMBER AND WOOD PRODUCTS3.5%3.5%20.6%14.7%9.7%6.1%3.7%
081Lumber4.2%4.2%23.3%25.1%14.9%9.8%4.6%
082Millwork1.7%1.7%21.9%11.1%8.1%5.3%3.5%
083Plywood15.0%15.0%28.1%19.7%13.9%7.2%4.4%
084Other wood products1.3%1.3%20.3%8.9%7.1%4.4%2.9%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products1.5%1.5%7.1%4.1%2.8%1.6%2.3%
086Prefabricated wood buildings & components4.7%4.7%26.3%11.9%8.6%5.6%3.8%
087Treated wood and contract wood preserving2.6%2.6%11.9%11.3%7.5%5.2%3.2%
09PULP,PAPER, AND ALLIED PRODUCTS1.5%1.5%16.3%6.1%4.5%2.5%2.7%
091Pulp, paper, and prod., ex. bldg. paper0.7%0.7%17.1%5.5%4.3%2.4%2.9%
092Building paper & building board mill prods.9.4%9.4%29.6%30.1%15.4%9.9%6.4%
094Publications, printed matter & printing material2.7%2.7%12.1%5.2%3.8%2.0%
10METALS AND METAL PRODUCTS-1.8%-1.8%33.3%13.3%10.0%3.8%5.0%
101Iron and steel-7.0%-7.0%53.4%18.5%13.6%4.4%6.7%
102Nonferrous metals2.2%2.2%20.5%12.7%9.4%2.9%5.5%
103Metal containers0.4%0.4%34.7%11.5%9.1%4.1%3.7%
104Hardware1.1%1.1%17.5%6.8%5.0%3.1%2.8%
105Plumbing fixtures and fittings0.0%0.0%6.8%3.4%3.6%2.6%2.7%
106Heating equipment0.5%0.5%20.8%8.2%6.5%4.2%4.1%
107Fabricated structural metal products1.1%1.1%39.8%13.5%10.4%5.2%4.6%
108Miscellaneous metal products1.0%1.0%14.8%5.5%4.7%2.2%2.5%
11MACHINERY AND EQUIPMENT0.8%0.8%9.1%3.7%3.0%1.7%1.3%
111Agricultural machinery and equipment1.9%1.9%16.6%6.6%4.9%3.0%3.1%
112Construction machinery and equipment-1.9%-1.9%10.0%4.4%3.6%2.6%2.9%
113Metalworking machinery and equipment0.2%0.2%7.9%3.3%2.9%2.0%1.9%
114General purpose machinery and equipment1.4%1.4%13.2%5.7%4.7%3.2%3.2%
115Electronic computers and computer equipment1.4%1.4%6.4%0.2%-0.1%-2.1%-4.8%
116Special industry machinery and equipment2.0%2.0%14.9%6.4%4.4%2.6%2.1%
117Electrical machinery and equipment0.5%0.5%7.3%2.8%2.2%1.1%0.4%
118Miscellaneous instruments2.3%2.3%6.3%2.9%2.5%2.1%1.9%
119Miscellaneous machinery-0.1%-0.1%4.9%2.2%1.9%1.2%1.9%
12FURNITURE AND HOUSEHOLD DURABLES0.7%0.7%11.6%4.9%4.1%2.5%2.1%
121Household furniture0.6%0.6%14.0%5.5%4.5%2.8%2.5%
122Commercial furniture2.0%2.0%14.0%6.6%5.3%3.2%2.8%
123Floor coverings-6.0%-6.0%-0.2%0.1%1.5%1.0%2.2%
124Household appliances0.6%0.6%8.3%3.4%3.6%1.8%1.4%
125Home electronic equipment0.5%0.5%11.2%4.5%2.7%1.3%-0.8%
126Other household durable goods3.1%3.1%15.8%5.8%4.1%2.6%2.1%
13NONMETALIC MINERAL PRODUCTS0.7%0.7%10.7%4.9%4.2%3.4%3.5%
131Glass0.1%0.1%9.4%4.1%3.4%3.0%1.6%
132Concrete ingredients and related products0.4%0.4%7.7%4.9%4.3%4.1%4.0%
133Concrete products1.0%1.0%10.5%5.3%4.4%3.9%3.6%
134Clay construction products ex. refractories1.3%1.3%6.7%3.3%2.6%1.8%1.6%
135Refractories-0.3%-0.3%12.6%5.9%4.7%3.1%3.7%
136Asphalt felts and coatings2.0%2.0%21.1%7.7%7.2%2.9%5.3%
137Gypsum products-1.3%-1.3%21.1%7.9%5.5%6.2%4.6%
138Glass containers0.1%0.1%14.7%6.2%4.6%2.9%3.1%
139Other nonmetallic minerals0.8%0.8%9.3%3.6%3.3%2.2%3.5%
14TRANSPORTATION EQUIPMENT0.5%0.5%4.3%2.0%1.7%1.4%1.5%
141Motor vehicles and equipment0.5%0.5%5.0%2.1%1.7%1.4%1.1%
142Aircraft and aircraft equipment0.3%0.3%2.1%1.5%1.4%1.4%2.2%
143Ships and boats0.4%0.4%7.2%3.6%2.8%2.0%2.7%
144Railroad equipment0.0%0.0%2.8%1.4%0.6%1.0%2.3%
149Transportation equipment, n.e.c.2.6%2.6%13.3%4.7%4.0%2.4%1.9%
15MISCELLANEOUS PRODUCTS1.1%1.1%8.3%4.9%4.1%2.9%2.7%
151Toys, sporting goods, small arms, etc.2.0%2.0%12.5%5.8%4.0%2.5%1.8%
152Tobacco products, incl. stemmed & redried0.2%0.2%8.8%7.5%6.7%5.7%4.5%
153Notions0.0%0.0%10.7%4.6%3.2%2.2%3.1%
154Photographic equipment and supplies1.4%1.4%7.6%4.6%3.3%2.0%1.6%
155Mobile homes2.0%2.0%31.8%17.5%11.9%7.2%5.5%
156Medical, surgical & personal aid devices0.7%0.7%2.7%1.8%1.5%1.1%1.2%
157Other industrial safety equipment0.1%0.1%7.5%3.2%2.2%2.2%1.7%
159Other miscellaneous products2.9%2.9%13.6%5.7%5.0%2.7%2.5%

 

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