January 14, 2000 (The Editor’s Desk is updated each business day.)
Producer prices for finished goods up 3.0 percent in 1999
From December 1998 to December 1999, finished
goods prices advanced 3.0 percent, after showing no change during 1998.
[Chart data—TXT]
Leading this acceleration, the index for finished energy goods surged
18.4 percent in 1999, following an 11.7-percent drop in the previous
calendar year. For the 12 months ended December 1999, gasoline prices
increased 76.4 percent, the largest 12-month rate of increase since a
78.0-percent gain in May 1980.
Prices for finished consumer foods increased 0.9 percent during 1999,
after edging up 0.1 percent during the 12 months ended December 1998. The
index for finished goods other than foods and energy also rose 0.9
percent in 1999, following a 2.5-percent gain in 1998.
These data are a product of the BLS Producer
Price Index program. Find out more
in Producer
Price Indexes, December 1999, news
release USDL 00-11. 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.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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Read more »