Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released September 2021 Producer Price Index (PPI) today. The all commodities index rose 1.1% in the last month and increased 20.4% in the last twelve months. Processed foods + feeds increased 1.3% from August 2021 and rose 14.0% since September 2020. Meats increased 3.2% in the last month and rose 40.3% in the last twelve months. Processed poultry increased 1.6% from August 2021 and rose by 30.0% since September 2020. Soft drinks rose 3.5% from August 2021 and increased 7.6% since September 2020.

Textile products + apparel increased 1.3% in the last month and rose 11.6% in the last twelve months. Chemicals + allied products increased 1.0% from August 2021 and rose 24.1% since September 2020. Paints + allied products increased 0.8% in the last month and rose by 10.0% in the last twelve months. Rubber + plastic products increased 1.3% from August 2021 and rose 16.9% since September 2020. Rubber + rubber products increased 0.9% in the last month and rose by 10.7% in the last twelve months. Plastic products increased 1.4% since August 2021 and rose 18.8% since September 2020.

Metals + metal products increased 1.8% in the last month and increased by 42.5% in the last twelve months. Steel mill products increased 5.0% from August 2021 and rose 135.4% since September 2020. Nonferrous wire + cable increased 1.6% in the last month and increased 30.1% in the last twelve months. Hardware increased 1.0% from August 2021 and rose 10.2% since September 2020. Heating equipment increased 0.3% in the last month and rose by 14.1% in the last twelve months. Sheet metal products rose 4.0% since August 2021 and increased 30.7% from September 2020.  Fabricated ferrous wire products rose 1.3% in the last month and rose by 21.3% in the last twelve months.

Machinery + equipment rose 0.9% from August 2021 and increased by 5.0% from September 2020. Agricultural machinery + equipment increased 1.5% in the last month and rose 9.2% in the last twelve months. Air conditioning + refrigeration equipment increased by 1.5% from August 2021 and rose 9.2% since September 2020. Electrical machinery + equipment increased 1.2% in the last month and rose 3.6% in the last twelve months. Wiring devices increased 2.2% from August 2021 and rose 24.0% since September 2020. Transformers + power regulators rose by 3.3% in the last month and increased 24.0% in the last twelve months. Switchgear, switchboard, industrial controls equipment increased 3.2% from August 2021 and rose 8.6% from September 2020.

Furniture + household durables increased 1.6% in the last month and rose 9.0% in the last twelve months. Household furniture increased 1.7% from August 2021 and rose 10.8% from September 2020. Commercial furniture rose 2.3% in the last month and increased by 10.7% in the last twelve months. Household appliances increased 2.2% from August 2021 and rose by 5.6% from September 2020. Insultation materials rose 1.7% in the last month and rose 18.8% in the last twelve months.

 

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

 PPI CodeBLS PPI Category Description1M 09/21YTD 09/211Y 09/213Y 09/215Y 09/2110Y 09/2120Y 09/21
01FARM PRODUCTS-3.0%15.4%24.4%9.8%5.7%0.3%3.1%
011Fruits & melons, fresh/dry vegs. & nuts7.4%-2.3%-6.8%3.0%1.9%2.1%3.0%
012Grains-11.3%30.1%54.8%17.1%13.1%-1.8%5.4%
013Slaughter livestock-4.6%24.1%24.4%8.7%3.9%0.9%2.5%
014Slaughter poultry2.4%33.0%68.1%11.4%6.5%3.9%4.0%
015Raw cotton2.6%27.5%49.6%5.1%6.5%-0.8%4.3%
016Raw milk-1.8%-16.5%-10.0%2.8%-0.4%-2.1%0.2%
017Chicken eggs22.0%62.9%39.2%7.0%14.7%1.3%4.4%
018Hay, hayseeds and oilseeds-5.2%13.5%34.0%16.4%7.4%0.0%4.7%
02PROCESSED FOODS AND FEEDS1.3%10.9%14.0%5.2%3.2%1.7%2.8%
021Cereal and bakery products1.0%6.6%6.6%2.9%2.3%1.3%2.7%
022Meats, poultry, and fish2.6%27.5%35.3%11.1%6.0%3.4%3.3%
023Dairy products0.7%3.2%2.5%2.4%1.1%0.1%1.6%
024Processed fruits and vegetables0.6%2.6%4.3%2.0%1.9%1.7%2.8%
025Sugar and confectionery1.1%2.3%2.9%1.7%1.1%0.6%2.7%
026Beverages and beverage materials1.2%1.6%3.0%1.9%1.5%1.4%2.0%
027Fats and oils1.8%40.8%51.0%15.0%8.4%1.5%6.5%
028Miscellaneous processed foods0.3%3.8%3.8%2.0%2.0%1.5%2.1%
029Prepared animal feeds0.3%9.2%19.7%6.5%3.6%0.7%4.0%
03TEXTILE PRODUCTS AND APPAREL1.3%11.1%11.6%3.5%3.0%1.5%1.6%
031Synthetic fibers1.8%18.0%18.8%4.3%4.7%2.2%1.7%
032Processed yarns and threads1.8%20.0%20.0%3.9%4.2%0.3%2.2%
033Greige fabrics0.8%9.8%10.4%2.3%2.0%-0.1%1.4%
034Finished fabrics1.8%11.4%11.9%5.3%3.6%2.0%2.0%
038Apparel & other fabricated textile prods0.2%4.0%4.2%1.7%1.5%1.5%1.2%
039Miscellaneous textile products/services3.2%15.3%17.6%1.5%2.0%0.9%1.4%
04HIDES, SKINS, LEATHER, AND RELATED PRODUCTS-12.3%12.8%30.7%3.5%-0.2%-0.6%0.8%
041Hides and skins, incl. cattle-33.6%24.6%128.4%5.1%-3.4%-4.7%-1.2%
042Leather0.4%31.5%51.4%6.8%-0.1%-1.2%0.6%
043Footwear0.0%2.8%2.8%1.9%1.5%2.5%2.0%
044Other leather and related products0.0%2.0%2.1%1.4%1.5%1.9%1.6%
05FUELS AND RELATED PRODUCTS AND POWER3.1%35.5%44.3%4.0%6.6%-0.4%3.3%
051Coal0.3%1.8%2.6%-1.0%0.7%-0.8%3.8%
053Gas fuels13.9%85.9%133.9%13.0%10.5%-1.6%1.2%
055Utility natural gas3.2%14.2%29.6%8.5%5.6%2.2%2.0%
056Crude petroleum (domestic production)4.8%50.8%102.5%-1.2%9.5%-3.6%4.6%
057Petroleum products, refined2.3%56.2%77.1%4.3%10.5%-1.7%5.0%
058Asphalt and other petroleum and coal products, n.e.c.-4.4%23.2%43.1%0.3%11.0%-3.1%7.9%
06CHEMICALS AND ALLIED PRODUCTS1.0%21.9%24.1%5.5%5.5%2.2%4.2%
061Industrial chemicals4.3%46.7%51.9%7.4%8.5%0.2%5.0%
062Paints and allied products0.8%10.7%10.0%5.3%4.7%2.5%3.7%
063Drugs and pharmaceuticals0.0%2.3%1.8%2.5%3.2%4.8%4.5%
064Fats and oils, inedible-5.8%60.7%74.7%24.6%12.1%0.2%8.5%
065Agricultural chemicals and chemical products2.9%30.9%36.0%8.5%7.1%1.4%3.9%
066Plastic resins and materials-3.7%37.7%44.6%9.0%7.4%2.6%4.2%
067Other chemicals and allied products0.2%5.1%6.1%2.2%2.1%1.7%2.3%
07RUBBER AND PLASTIC PRODUCTS1.3%15.6%16.9%4.9%4.2%2.0%2.9%
071Rubber and rubber products0.9%9.6%10.7%2.8%2.7%0.2%2.6%
072Plastic products1.4%17.5%18.8%5.5%4.6%2.5%3.0%
08LUMBER AND WOOD PRODUCTS-4.3%7.1%3.3%6.0%5.5%4.2%2.4%
081Lumber-2.7%-4.8%-14.4%6.2%6.0%5.2%2.1%
082Millwork0.4%13.6%14.1%7.2%6.0%4.5%3.0%
083Plywood-33.6%7.7%3.1%5.8%6.6%5.0%2.5%
084Other wood products-0.3%19.5%21.4%7.8%6.4%4.1%2.5%
085Logs, bolts, timber, pulpwood, woodchips and other roundwood products-0.2%9.6%13.2%1.5%2.5%1.5%1.8%
086Prefabricated wood buildings & components-0.1%19.8%19.7%8.8%7.3%4.8%3.3%
087Treated wood and contract wood preserving-2.1%-4.0%-14.4%2.5%2.8%3.6%1.5%
09PULP,PAPER, AND ALLIED PRODUCTS0.6%12.4%13.9%4.2%3.7%1.8%2.4%
091Pulp, paper, and prod., ex. bldg. paper1.9%15.1%16.2%3.9%3.8%1.8%2.5%
092Building paper & building board mill prods.-22.3%15.8%26.0%18.4%12.8%8.7%5.2%
094Publications, printed matter & printing material1.5%5.0%6.1%3.3%2.4%1.3%
10METALS AND METAL PRODUCTS1.8%36.6%42.5%12.1%10.0%3.3%4.7%
101Iron and steel3.0%77.8%97.0%18.5%16.1%4.7%6.7%
102Nonferrous metals0.4%18.6%22.1%11.4%9.3%1.8%5.0%
103Metal containers-0.1%14.0%15.1%4.5%5.0%2.0%2.8%
104Hardware1.0%9.8%10.2%4.5%3.6%2.3%2.5%
105Plumbing fixtures and fittings-0.1%3.1%3.1%3.5%3.0%2.3%2.5%
106Heating equipment0.3%13.3%14.1%6.2%4.8%3.5%3.7%
107Fabricated structural metal products2.9%33.7%36.2%10.9%8.5%4.3%4.1%
108Miscellaneous metal products0.8%9.6%9.9%4.0%3.5%1.7%2.2%
11MACHINERY AND EQUIPMENT0.9%4.8%5.0%2.6%2.1%1.3%1.0%
111Agricultural machinery and equipment1.5%8.5%9.2%4.6%3.3%2.3%2.7%
112Construction machinery and equipment0.0%5.3%5.4%4.0%2.6%2.2%2.6%
113Metalworking machinery and equipment0.2%4.6%4.8%2.3%2.1%1.6%1.6%
114General purpose machinery and equipment1.0%7.1%7.7%3.9%3.5%2.6%2.9%
115Electronic computers and computer equipment1.2%4.4%3.1%-1.4%-1.0%-2.4%-5.4%
116Special industry machinery and equipment1.6%9.9%11.1%4.8%3.4%2.2%1.9%
117Electrical machinery and equipment1.2%3.7%3.6%1.8%1.5%0.7%0.2%
118Miscellaneous instruments0.3%2.0%2.1%1.9%1.8%1.7%1.7%
119Miscellaneous machinery0.1%2.4%2.5%2.0%1.4%0.9%1.7%
12FURNITURE AND HOUSEHOLD DURABLES1.6%8.6%9.0%4.3%3.5%2.2%2.0%
121Household furniture1.7%10.3%10.8%4.8%3.8%2.5%2.4%
122Commercial furniture2.3%10.4%10.7%5.4%4.5%2.8%2.6%
123Floor coverings1.2%5.0%5.3%1.9%2.2%1.5%2.4%
124Household appliances2.2%6.3%5.6%3.6%2.9%1.8%1.2%
125Home electronic equipment-0.4%6.6%6.4%3.1%1.8%0.7%-1.1%
126Other household durable goods0.2%8.2%9.8%4.2%2.9%2.0%1.7%
13NONMETALIC MINERAL PRODUCTS0.2%6.3%6.6%3.3%3.3%2.9%3.3%
131Glass0.2%4.3%6.6%2.8%2.6%2.5%1.4%
132Concrete ingredients and related products0.2%4.1%4.1%3.8%3.6%3.7%3.8%
133Concrete products0.0%5.7%5.3%3.8%3.6%3.5%3.4%
134Clay construction products ex. refractories1.5%4.1%4.6%2.4%1.8%1.4%1.2%
135Refractories2.4%6.4%5.8%3.8%3.8%2.6%3.5%
136Asphalt felts and coatings0.1%13.2%12.4%5.4%5.0%1.9%5.1%
137Gypsum products0.0%18.1%22.2%3.9%5.5%7.1%5.0%
138Glass containers0.0%5.4%5.2%3.3%2.5%2.0%2.6%
139Other nonmetallic minerals0.3%6.6%6.6%1.9%2.2%1.8%3.2%
14TRANSPORTATION EQUIPMENT0.2%2.4%3.3%1.6%1.5%1.4%1.4%
141Motor vehicles and equipment0.2%3.0%4.3%1.6%1.6%1.4%1.0%
142Aircraft and aircraft equipment0.1%1.0%1.1%1.3%1.2%1.4%2.2%
143Ships and boats1.3%3.7%3.7%2.7%2.2%1.6%2.6%
144Railroad equipment0.0%0.9%1.0%0.4%0.2%1.0%2.1%
149Transportation equipment, n.e.c.0.8%5.9%6.3%2.7%2.4%1.6%1.5%
15MISCELLANEOUS PRODUCTS0.0%4.7%5.3%4.1%3.3%2.6%2.5%
151Toys, sporting goods, small arms, etc.0.1%7.7%7.9%3.9%2.5%1.8%1.5%
152Tobacco products, incl. stemmed & redried1.5%6.1%8.7%7.2%6.3%5.5%4.3%
153Notions0.7%5.6%5.9%2.7%2.5%1.6%2.8%
154Photographic equipment and supplies0.7%5.5%4.9%4.1%2.9%2.9%1.4%
155Mobile homes0.0%22.5%20.1%12.8%9.6%6.1%5.0%
156Medical, surgical & personal aid devices-0.8%0.9%0.5%1.2%1.1%0.9%1.2%
157Other industrial safety equipment0.0%5.3%5.6%3.6%1.7%1.9%1.8%
159Other miscellaneous products-0.7%5.9%6.4%4.5%3.5%1.9%2.1%

Note: Capitalized BLS PPI Category Descriptions denote a 02-digit BLS PPI Major Commodity Group. These represent the 15 commodity-based BLS groups used as IPIC Pooling method LIFO pools.

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