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Producer prices for final demand increased 6.2 percent from December 2021 to December 2022
January 23, 2023
Producer prices for final demand increased 6.2 percent from December 2021 to December 2022. This price increase was smaller than the December 2020 to December 2021 increase (10.0 percent).
12-month percent change in Producer Price Indexes for final demand, selected categories
Categories
Dec 2018 to Dec 2019
Dec 2019 to Dec 2020
Dec 2020 to Dec 2021
Dec 2021 to Dec 2022
Total
1.4%
0.8%
10.0%
6.2%
Goods
1.0
0.0
13.4
8.0
Foods
1.2
-0.2
13.1
14.3
Energy
2.4
-6.8
31.6
9.1
Goods less foods and energy
0.6
1.7
9.3
6.0
Services
1.4
1.3
8.4
5.0
Trade services
0.8
1.9
14.2
8.7
Transportation and warehousing services
2.2
-5.9
17.0
10.8
Services less trade, transportation, and warehousing
1.8
1.7
4.8
2.5
Construction
3.9
1.2
12.2
18.5
Over the year ended December 2022, producer prices for final demand goods rose 8.0 percent. This increase reflects a 14.3-percent increase in producer prices for final demand foods, a 9.1-percent increase in producer prices for final demand energy, and a 6.0-percent increase in producer prices for final demand goods less foods and energy.
Producer prices for final demand services rose 5.0 percent over the year ended December 2022. This increase reflects an 8.7-percent increase in producer prices for final demand trade services, a 10.8-percent increase in producer prices for final demand transportation and warehousing services, and a 2.5-percent increase in producer prices for final demand services less trade, transportation, and warehousing.
Producer prices for final demand construction rose 18.5 percent.
United States Department of Labor
