Bob Richardson

The Bureau of Labor Statistics (BLS) released July 2020 Consumer Price Indexes (CPI) today. The All Commodities index saw a 0.5% increase over the last month & has increased 1.0% over the last 12 months on a seasonally unadjusted basis. Housekeeping supplies increased 1.8% from June – July 2020 & rose 5.2% between July ’19 – ’20. Food at home decreased 1.0% the last month and saw a 4.6% increase from July ’19 – July ’20. Meats, poultry, fish and eggs decreased 3.6% over the last month & rose 8.4% over the last 12 months. Fresh fruits and vegetables rose 0.4% between June and July 2020 & and increased by 1.7% between July ’19 – ’20. Alcoholic beverages at home was unchanged in the last month and rose 1.6% in the last twelve months. Nonalcoholic beverages and beverage materials decreased 0.6% from June 2020 and increased 5.0% between July 2019 – July 2020. Household furnishings and supplies increased by 0.2% in the last thirty days and saw an increase of 1.5% in the last twelve months. Apparel decreased 0.4% from June 2020 and decreased 6.5% from July 2019. Medical care commodities saw no change from June 2020 and increased 1.1% from July 2019. Recreation commodities rose by 0.5% in the last thirty days and decreased 1.3% in the last twelve months. Tobacco smoking products went up by 1.1% since June 2020 and saw an increase of 5.2% from July 2019. Household paper products rose by 3.7% in the last thirty days and saw an increase of 10.3% in the last twelve months. Sports vehicles including bicycles had an increase of 2.4% in the last month and an increase of 6.2% in the last year. Major appliances increased by 2.2% from June 2020 and had an increase of 5.2% from July 2019.


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

 PPI CodeBLS PPI Category Description1 Month July '20YTD July '201 Year July '203 Year July '205 Year July '2010 Year July '2020 Year July '20
01FARM PRODUCTS2.1%-10.8%-9.5%-4.5%-3.9%-0.2%2.1%
011Fruits & melons, fresh/dry vegs. & nuts-0.7%-5.6%1.3%3.3%3.5%2.0%3.6%
012Grains-0.7%-10.9%-20.4%-4.4%-4.2%-0.7%3.2%
013Slaughter livestock-6.4%-14.6%-15.9%-9.1%-8.1%-1.2%1.3%
014Slaughter poultry-2.2%-13.9%-19.6%-11.5%-4.5%-1.1%2.0%
015Raw cotton4.4%-4.2%2.1%-4.1%-2.8%-1.2%0.5%
016Raw milk45.0%-14.4%-3.7%-0.9%0.0%1.2%1.4%
017Chicken eggs2.4%-32.6%35.6%-0.1%-19.3%1.0%1.9%
018Hay, hayseeds and oilseeds1.8%-0.7%2.4%-2.9%-2.5%0.2%3.1%
02PROCESSED FOODS AND FEEDS-1.0%0.1%0.8%0.4%-0.1%1.4%2.3%
021Cereal and bakery products-0.2%0.2%0.4%1.1%0.7%1.7%2.5%
022Meats, poultry, and fish-5.3%-1.1%-0.7%-1.8%-1.9%1.0%2.0%
023Dairy products4.4%0.6%2.6%1.9%1.5%2.1%2.1%
024Processed fruits and vegetables-0.1%2.4%2.1%1.4%1.4%1.8%2.6%
025Sugar and confectionery0.1%-1.8%0.6%1.1%0.4%1.1%2.6%
026Beverages and beverage materials-0.8%0.5%1.1%1.4%1.2%1.4%2.0%
027Fats and oils-0.8%1.0%0.0%-2.4%-0.9%0.4%3.9%
028Miscellaneous processed foods0.5%1.7%1.9%1.8%0.0%1.6%2.1%
029Prepared animal feeds-0.8%-0.4%0.5%0.5%-0.7%1.4%3.0%
03TEXTILE PRODUCTS AND APPAREL0.3%-0.4%-0.7%1.0%0.8%1.3%1.0%
031Synthetic fibers0.6%-2.4%-3.2%1.6%1.0%1.1%0.9%
032Processed yarns and threads0.1%-2.2%-4.2%-0.1%0.2%0.4%1.2%
033Greige fabrics-0.1%-1.0%-1.8%0.0%-0.3%0.7%1.0%
034Finished fabrics0.5%0.6%0.8%1.7%1.1%1.7%1.4%
038Apparel & other fabricated textile prods0.3%0.6%1.0%1.1%1.1%1.7%1.0%
039Miscellaneous textile products/services0.5%-0.5%-3.3%-3.1%-1.8%-0.3%0.6%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS-0.5%-12.1%-11.3%-9.1%-6.8%-2.3%-0.2%
041Hides and skins, incl. cattle-3.2%-41.1%-39.5%-29.1%-21.3%-11.0%-4.3%
042Leather-0.6%-16.5%-14.6%-12.8%-10.5%-4.3%-0.9%
043Footwear0.0%-0.3%-0.2%1.1%1.2%2.6%1.9%
044Other leather and related products0.2%1.0%1.0%1.5%1.2%2.0%1.5%
05FUELS AND RELATED PRODUCTS AND POWER4.6%-13.4%-16.6%-3.6%-3.5%-2.4%1.6%
051Coal-1.3%-5.3%-4.3%-0.9%-0.6%0.0%3.9%
053Gas fuels-0.6%-33.2%-22.4%-20.3%-12.3%-11.0%-4.2%
055Utility natural gas-2.2%-8.7%-6.5%-4.6%-1.3%-1.5%1.1%
056Crude petroleum (domestic production)-13.6%-42.4%-42.2%-7.7%-8.1%-7.5%0.4%
057Petroleum products, refined17.2%-23.3%-27.7%-3.5%-5.8%-4.2%2.5%
058Asphalt and other petroleum and coal products, n.e.c.5.4%-4.1%-27.7%3.1%-4.6%-4.4%5.1%
06CHEMICALS AND ALLIED PRODUCTS1.0%-3.0%-5.2%-0.3%0.4%1.1%3.0%
061Industrial chemicals2.7%-10.4%-15.1%-3.7%-2.5%-2.2%2.5%
062Paints and allied products0.6%1.1%1.4%4.1%2.2%2.4%3.3%
063Drugs and pharmaceuticals0.2%2.2%2.2%3.1%4.1%5.0%4.5%
064Fats and oils, inedible1.4%-2.6%0.9%-5.7%-2.0%-1.9%5.5%
065Agricultural chemicals and chemical products-0.4%-1.0%-7.8%0.1%-2.1%0.3%2.5%
066Plastic resins and materials1.8%-4.9%-8.6%-3.6%-2.2%-0.2%1.7%
067Other chemicals and allied products0.2%-0.3%-0.2%1.3%1.1%1.7%2.1%
07RUBBER AND PLASTIC PRODUCTS-0.2%-0.9%-1.8%0.7%0.6%1.2%2.2%
071Rubber and rubber products-0.5%-0.8%-1.3%0.4%0.3%0.9%2.1%
072Plastic products-0.1%-0.9%-2.0%0.8%0.7%1.3%2.2%
08LUMBER AND WOOD PRODUCTS2.9%5.6%5.4%2.7%2.3%2.1%1.7%
081Lumber6.8%14.6%15.0%3.3%3.7%2.9%1.6%
082Millwork1.0%2.5%2.5%2.9%2.6%2.7%2.2%
083Plywood9.7%11.5%7.3%2.9%1.8%1.1%1.7%
084Other wood products0.3%0.3%-0.2%3.3%2.0%2.1%1.6%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products-1.7%-2.9%-2.5%-0.6%-1.1%0.3%0.9%
086Prefabricated wood buildings & components0.4%1.2%1.4%2.7%2.6%1.8%2.4%
087Treated wood and contract wood preserving4.9%11.3%11.1%6.4%3.0%1.7%2.0%
09PULP,PAPER, AND ALLIED PRODUCTS0.0%0.9%0.2%0.3%0.8%0.9%1.7%
091Pulp, paper, and prod., ex. bldg. paper-0.4%0.7%-0.4%-0.3%0.6%0.9%1.6%
092Building paper & building board mill prods.6.1%13.1%16.9%1.8%4.6%1.5%2.6%
094Publications, printed matter & printing material0.3%0.3%0.5%1.7%1.1%0.9%
10METALS AND METAL PRODUCTS0.4%-0.4%-1.7%1.4%1.5%0.3%2.7%
101Iron and steel-1.1%-2.7%-7.8%-2.1%0.3%-1.6%2.7%
102Nonferrous metals3.0%1.2%2.3%3.3%2.8%0.4%3.5%
103Metal containers0.4%0.2%-2.5%2.8%1.5%0.2%2.1%
104Hardware0.0%1.1%1.4%2.0%1.7%1.5%2.1%
105Plumbing fixtures and fittings2.1%0.8%1.7%2.9%2.2%2.2%2.3%
106Heating equipment-0.2%-0.4%0.3%3.5%2.7%2.6%3.0%
107Fabricated structural metal products-0.5%0.4%-0.2%2.9%2.1%1.7%2.5%
108Miscellaneous metal products-0.2%0.2%0.2%2.3%1.2%1.1%1.7%
11MACHINERY AND EQUIPMENT0.1%0.7%0.8%1.7%1.1%1.0%0.8%
111Agricultural machinery and equipment0.1%0.7%2.2%2.4%1.9%1.8%2.4%
112Construction machinery and equipment0.0%1.1%1.7%2.3%1.7%2.2%2.4%
113Metalworking machinery and equipment0.1%0.4%0.3%1.7%1.3%1.6%1.4%
114General purpose machinery and equipment0.0%1.0%1.3%2.7%2.1%2.3%2.6%
115Electronic computers and computer equipment0.8%-1.5%-1.2%-2.3%-2.4%-3.3%-5.9%
116Special industry machinery and equipment0.1%0.6%1.3%1.6%1.4%1.2%1.4%
117Electrical machinery and equipment0.1%0.6%0.4%1.2%0.6%0.4%-0.1%
118Miscellaneous instruments0.0%1.2%1.5%1.8%1.7%1.7%1.7%
119Miscellaneous machinery0.0%0.6%0.8%1.6%0.8%0.9%1.7%
12FURNITURE AND HOUSEHOLD DURABLES0.2%0.9%1.4%2.5%1.7%1.5%1.5%
121Household furniture-0.4%0.0%1.4%2.3%1.8%1.8%1.9%
122Commercial furniture0.8%1.6%2.0%3.3%2.4%2.0%2.1%
123Floor coverings-0.6%-0.4%-0.9%2.1%0.9%1.3%2.1%
124Household appliances0.5%1.9%1.9%2.8%1.6%1.3%0.8%
125Home electronic equipment0.6%1.0%2.5%0.9%0.7%0.0%-1.5%
126Other household durable goods0.1%0.8%1.2%1.4%1.2%1.1%1.3%
13NONMETALIC MINERAL PRODUCTS-0.2%1.5%1.1%2.4%2.3%2.4%3.0%
131Glass-0.1%1.3%1.4%2.1%2.1%2.2%1.1%
132Concrete ingredients and related products-0.2%3.4%3.0%3.3%3.7%3.3%3.7%
133Concrete products-0.1%2.3%1.9%3.1%3.1%2.8%3.2%
134Clay construction products ex. refractories0.8%1.6%1.3%1.5%1.1%0.8%1.2%
135Refractories0.5%0.3%0.0%3.7%2.4%2.3%3.4%
136Asphalt felts and coatings1.9%2.3%3.2%4.2%2.2%1.0%4.4%
137Gypsum products0.2%0.3%0.5%-0.8%2.0%4.2%2.2%
138Glass containers0.0%1.9%2.1%2.2%1.6%1.6%2.6%
139Other nonmetallic minerals-1.0%-0.7%-1.6%1.0%0.5%1.7%3.0%
14TRANSPORTATION EQUIPMENT0.0%-0.2%0.4%1.0%0.8%1.2%1.3%
141Motor vehicles and equipment0.1%-0.7%-0.1%0.8%0.6%1.0%0.7%
142Aircraft and aircraft equipment0.0%0.9%1.3%1.4%1.2%1.6%2.3%
143Ships and boats0.2%0.7%1.3%1.7%1.5%1.5%2.5%
144Railroad equipment0.0%0.2%0.4%0.0%0.3%1.0%2.1%
149Transportation equipment, n.e.c.0.0%-0.1%-0.2%1.3%1.6%1.1%1.3%
15MISCELLANEOUS PRODUCTS0.7%1.9%3.0%3.1%2.7%2.5%2.6%
151Toys, sporting goods, small arms, etc.0.1%0.0%1.6%1.7%1.1%1.1%1.2%
152Tobacco products, incl. stemmed & redried2.0%3.8%5.7%6.3%5.6%5.4%4.6%
153Notions0.0%0.3%1.3%0.6%1.3%2.1%2.6%
154Photographic equipment and supplies0.6%0.9%0.7%2.7%1.9%2.4%1.3%
155Mobile homes0.6%2.0%10.9%5.7%4.3%3.9%3.7%
156Medical, surgical & personal aid devices0.1%1.4%1.7%1.4%1.1%1.0%1.2%
157Other industrial safety equipment0.0%1.1%0.0%2.0%0.9%1.2%1.5%
159Other miscellaneous products0.5%1.7%2.4%3.0%2.6%1.8%1.9%

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