February 20, 2001 (The Editor’s Desk is updated each business day.)

Producer prices up in January

The Producer Price Index for Finished Goods advanced 1.1 percent in January, seasonally adjusted. January's rise followed a 0.2-percent increase in December 2000 and a 0.1-percent gain in November 2000.

[Chart data—TXT]

Prices for finished goods other than foods and energy rose 0.7 percent in January, after edging up 0.1 percent in December. Prices received by domestic producers of intermediate goods moved up 0.7 percent in January following a 0.4 percent rise the prior month. The crude goods index advanced 13.9 percent in January after an 8.5 percent increase in December.

From January 2000 to January 2001, prices for finished goods increased 4.8 percent.

These data are a product of the BLS Producer Price Index program. Find out more in the "Producer Price Indexes, January 2001", news release USDL 01-44. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.