Economy
What Does the Producer Price Index (PPI) Measure?
![What Does the Producer Price Index (PPI) Measure?](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-What-Does-the-Producer-Price-Index-PPI-Measure-20240510132023.webp&w=3840&q=75)
You might be familiar with the common inflation-tracking metric called the Consumer Price Index (CPI), but are you aware of its lesser-known counterpart, the Producer Price Index (PPI)?
The PPI, which is also used to track changes in prices over time, combines around 10,000 more specific indexes to summarize prices for goods and services received by US producers.
In other words, changes in PPI reflect inflation as manufacturers or suppliers experience it rather than from the consumer’s perspective.
Producers may pass these costs on to consumers through higher prices if they face higher costs. Hence, an increase in the PPI can be a leading indicator of an increase in the CPI.
Learn more about PPI here.
Dataset
Month | Total | Goods | Foods | Energy | Services |
---|---|---|---|---|---|
Jan-11 | 2.40% | 4.60% | 6.10% | 10.40% | 1.20% |
Feb-11 | 3.30% | 6.60% | 9.90% | 16.70% | 1.40% |
Mar-11 | 4.00% | 6.70% | 6.60% | 20.10% | 2.30% |
Apr-11 | 4.20% | 7.60% | 8.10% | 23.10% | 2.20% |
May-11 | 4.20% | 8.00% | 6.80% | 25.60% | 2.00% |
Jun-11 | 4.30% | 8.20% | 10.60% | 22.10% | 2.30% |
Jul-11 | 4.50% | 8.30% | 10.10% | 21.70% | 2.30% |
Aug-11 | 4.40% | 7.60% | 11.20% | 17.20% | 2.70% |
Sep-11 | 4.50% | 7.90% | 10.60% | 19.50% | 2.60% |
Oct-11 | 3.70% | 6.40% | 8.30% | 14.00% | 2.20% |
Nov-11 | 3.70% | 5.80% | 7.70% | 13.10% | 2.40% |
Dec-11 | 3.20% | 4.70% | 5.70% | 9.20% | 2.30% |
Jan-12 | 3.10% | 4.00% | 5.10% | 7.30% | 2.40% |
Feb-12 | 2.80% | 3.30% | 1.20% | 7.20% | 2.40% |
Mar-12 | 2.40% | 2.80% | 2.60% | 3.70% | 2.00% |
Apr-12 | 2.00% | 1.60% | 1.90% | -0.20% | 2.10% |
May-12 | 1.60% | 0.50% | 2.70% | -5.70% | 2.20% |
Jun-12 | 1.30% | 0.10% | 2.20% | -5.80% | 1.90% |
Jul-12 | 1.00% | -0.10% | 3.00% | -6.60% | 1.60% |
Aug-12 | 1.20% | 1.40% | 3.10% | 0.50% | 1.00% |
Sep-12 | 1.50% | 1.70% | 2.90% | 2.60% | 1.30% |
Oct-12 | 1.90% | 2.10% | 3.80% | 3.60% | 1.80% |
Nov-12 | 1.70% | 1.10% | 3.60% | -1.80% | 2.00% |
Dec-12 | 1.90% | 1.40% | 4.10% | -1.30% | 2.20% |
Jan-13 | 1.60% | 1.30% | 4.10% | -1.10% | 1.80% |
Feb-13 | 1.60% | 1.50% | 3.30% | 1.10% | 1.60% |
Mar-13 | 1.30% | 0.70% | 3.70% | -2.90% | 1.60% |
Apr-13 | 0.90% | 0.10% | 2.20% | -4.40% | 1.40% |
May-13 | 0.90% | 1.10% | 3.50% | -0.70% | 0.90% |
Jun-13 | 1.70% | 1.90% | 3.20% | 3.10% | 1.40% |
Jul-13 | 2.00% | 1.80% | 2.20% | 3.60% | 2.00% |
Aug-13 | 1.70% | 0.70% | 0.50% | 0.00% | 2.20% |
Sep-13 | 1.10% | -0.20% | -0.30% | -3.60% | 1.80% |
Oct-13 | 1.30% | -0.20% | -0.20% | -3.90% | 2.00% |
Nov-13 | 1.10% | 0.40% | -0.90% | -1.10% | 1.50% |
Dec-13 | 1.20% | 0.80% | -0.80% | 0.90% | 1.30% |
Jan-14 | 1.30% | 1.10% | -0.70% | 1.10% | 1.30% |
Feb-14 | 1.20% | 0.60% | 0.70% | -2.00% | 1.60% |
Mar-14 | 1.60% | 1.20% | 1.20% | 1.30% | 1.80% |
Apr-14 | 1.80% | 2.50% | 5.10% | 3.80% | 1.60% |
May-14 | 2.10% | 2.00% | 3.60% | 2.50% | 2.20% |
Jun-14 | 1.80% | 2.20% | 3.80% | 3.10% | 1.70% |
Jul-14 | 1.90% | 2.00% | 3.60% | 2.40% | 2.00% |
Aug-14 | 1.90% | 1.70% | 3.80% | 0.50% | 2.00% |
Sep-14 | 1.60% | 1.50% | 3.90% | -0.50% | 1.60% |
Oct-14 | 1.50% | 1.00% | 4.30% | -3.80% | 1.90% |
Nov-14 | 1.30% | 0.40% | 4.40% | -5.90% | 1.80% |
Dec-14 | 0.90% | -1.20% | 4.40% | -13.20% | 2.10% |
Jan-15 | 0.00% | -3.60% | 2.60% | -22.30% | 2.00% |
Feb-15 | -0.50% | -4.10% | 0.60% | -22.40% | 1.20% |
Mar-15 | -0.90% | -4.50% | -1.60% | -22.00% | 0.90% |
Apr-15 | -1.10% | -5.50% | -4.50% | -24.00% | 1.20% |
May-15 | -0.80% | -4.00% | -3.00% | -19.00% | 0.80% |
Jun-15 | -0.50% | -3.70% | -2.70% | -18.20% | 1.10% |
Jul-15 | -0.70% | -3.80% | -3.30% | -17.90% | 0.80% |
Aug-15 | -1.00% | -4.30% | -2.60% | -19.90% | 0.70% |
Sep-15 | -1.10% | -5.10% | -3.00% | -23.60% | 0.90% |
Oct-15 | -1.40% | -4.80% | -4.20% | -21.40% | 0.30% |
Nov-15 | -1.30% | -4.40% | -4.30% | -19.20% | 0.40% |
Dec-15 | -1.10% | -3.80% | -5.20% | -16.40% | 0.20% |
Jan-16 | 0.00% | -2.40% | -3.50% | -11.10% | 1.20% |
Feb-16 | 0.10% | -2.80% | -2.00% | -15.40% | 1.60% |
Mar-16 | -0.10% | -2.80% | -2.50% | -15.40% | 1.30% |
Apr-16 | 0.20% | -2.00% | -2.10% | -12.30% | 1.20% |
May-16 | 0.00% | -2.50% | -2.50% | -13.90% | 1.40% |
Jun-16 | 0.20% | -2.20% | -2.40% | -11.60% | 1.50% |
Jul-16 | 0.00% | -2.20% | -2.60% | -11.40% | 1.10% |
Aug-16 | 0.00% | -1.90% | -4.10% | -10.00% | 1.00% |
Sep-16 | 0.60% | -0.40% | -3.10% | -2.90% | 1.40% |
Oct-16 | 1.10% | 0.40% | -3.20% | 0.50% | 1.60% |
Nov-16 | 1.30% | 0.50% | -3.50% | 0.20% | 1.70% |
Dec-16 | 1.70% | 1.90% | -1.60% | 6.30% | 1.60% |
Jan-17 | 1.70% | 3.10% | -2.10% | 13.70% | 1.10% |
Feb-17 | 2.00% | 4.00% | -1.40% | 19.20% | 1.00% |
Mar-17 | 2.20% | 4.10% | 0.60% | 15.30% | 1.30% |
Apr-17 | 2.50% | 4.10% | 2.20% | 14.10% | 1.70% |
May-17 | 2.30% | 2.90% | 1.00% | 7.90% | 2.00% |
Jun-17 | 1.90% | 2.20% | 1.10% | 3.80% | 1.70% |
Jul-17 | 2.00% | 2.30% | 1.60% | 3.90% | 1.90% |
Aug-17 | 2.40% | 3.10% | 2.30% | 8.30% | 2.20% |
Sep-17 | 2.60% | 3.40% | 1.60% | 10.70% | 2.10% |
Oct-17 | 2.80% | 3.20% | 2.60% | 7.90% | 2.40% |
Nov-17 | 3.00% | 4.20% | 3.20% | 12.50% | 2.30% |
Dec-17 | 2.50% | 3.50% | 2.00% | 10.10% | 2.10% |
Jan-18 | 2.60% | 3.20% | 1.90% | 8.70% | 2.20% |
Feb-18 | 2.80% | 3.10% | 0.60% | 9.00% | 2.70% |
Mar-18 | 2.90% | 3.30% | 1.90% | 8.60% | 2.80% |
Apr-18 | 2.70% | 3.00% | -0.60% | 9.40% | 2.50% |
May-18 | 3.10% | 4.30% | 0.60% | 15.90% | 2.40% |
Jun-18 | 3.30% | 4.40% | -1.10% | 17.50% | 2.70% |
Jul-18 | 3.40% | 4.40% | -1.30% | 17.00% | 2.70% |
Aug-18 | 3.00% | 3.90% | -1.10% | 13.90% | 2.50% |
Sep-18 | 2.70% | 3.40% | -1.20% | 10.00% | 2.50% |
Oct-18 | 3.10% | 3.80% | -0.60% | 12.60% | 2.60% |
Nov-18 | 2.60% | 2.60% | 0.40% | 4.10% | 2.60% |
Dec-18 | 2.60% | 1.60% | 2.80% | -3.10% | 3.00% |
Jan-19 | 1.90% | 0.60% | 1.30% | -7.40% | 2.60% |
Feb-19 | 1.90% | 0.70% | 1.60% | -6.50% | 2.40% |
Mar-19 | 2.00% | 1.20% | 0.00% | -0.90% | 2.30% |
Apr-19 | 2.40% | 1.70% | 1.20% | 1.20% | 2.70% |
May-19 | 2.10% | 0.80% | 0.60% | -2.20% | 2.70% |
Jun-19 | 1.60% | 0.00% | 2.30% | -6.80% | 2.30% |
Jul-19 | 1.60% | 0.30% | 2.60% | -5.30% | 2.30% |
Aug-19 | 1.90% | -0.10% | 2.30% | -6.70% | 2.70% |
Sep-19 | 1.50% | -0.50% | 2.70% | -8.40% | 2.30% |
Oct-19 | 1.00% | -0.60% | 3.20% | -8.80% | 1.90% |
Nov-19 | 1.00% | 0.20% | 3.40% | -4.40% | 1.40% |
Dec-19 | 1.40% | 1.00% | 1.20% | 2.40% | 1.40% |
Jan-20 | 2.00% | 1.80% | 2.80% | 6.40% | 1.90% |
Feb-20 | 1.10% | 0.60% | 1.10% | 0.10% | 1.40% |
Mar-20 | 0.30% | -1.70% | 0.70% | -12.60% | 1.30% |
Apr-20 | -1.50% | -5.20% | 0.30% | -30.70% | 0.30% |
May-20 | -1.10% | -3.60% | 6.50% | -27.50% | 0.20% |
Jun-20 | -0.70% | -2.60% | 0.60% | -17.20% | 0.30% |
Jul-20 | -0.30% | -2.20% | -0.40% | -14.20% | 0.70% |
Aug-20 | -0.30% | -1.60% | -0.10% | -12.30% | 0.30% |
Sep-20 | 0.30% | -1.00% | 1.30% | -11.70% | 0.90% |
Oct-20 | 0.60% | -1.00% | 2.20% | -12.60% | 1.30% |
Nov-20 | 0.80% | -0.80% | 0.90% | -11.00% | 1.60% |
Dec-20 | 0.80% | 0.00% | -0.20% | -6.80% | 1.30% |
Jan-21 | 1.60% | 1.30% | 1.20% | -2.70% | 1.80% |
Feb-21 | 3.00% | 3.50% | 4.50% | 5.90% | 2.60% |
Mar-21 | 4.10% | 7.00% | 5.10% | 23.70% | 2.90% |
Apr-21 | 6.50% | 10.90% | 7.30% | 48.90% | 4.50% |
May-21 | 7.00% | 11.10% | 4.30% | 46.40% | 5.10% |
Jun-21 | 7.60% | 11.90% | 10.90% | 36.00% | 5.50% |
Jul-21 | 8.00% | 12.10% | 10.40% | 33.90% | 6.00% |
Aug-21 | 8.70% | 12.70% | 13.00% | 33.00% | 6.80% |
Sep-21 | 8.80% | 13.40% | 13.30% | 36.20% | 6.70% |
Oct-21 | 8.90% | 14.30% | 10.60% | 43.00% | 6.20% |
Nov-21 | 9.90% | 14.90% | 11.80% | 42.90% | 7.50% |
Dec-21 | 10.00% | 13.40% | 13.10% | 31.60% | 8.40% |
Jan-22 | 10.10% | 13.60% | 13.20% | 31.30% | 8.20% |
Feb-22 | 10.40% | 14.40% | 14.00% | 33.00% | 8.40% |
Mar-22 | 11.70% | 15.80% | 16.10% | 37.40% | 9.40% |
Apr-22 | 11.20% | 16.40% | 16.30% | 39.80% | 8.30% |
May-22 | 11.10% | 16.70% | 13.60% | 44.90% | 8.00% |
Jun-22 | 11.20% | 17.60% | 12.50% | 52.90% | 7.80% |
Jul-22 | 9.70% | 14.70% | 15.10% | 35.80% | 6.90% |
Aug-22 | 8.70% | 12.30% | 12.80% | 26.60% | 6.50% |
Sep-22 | 8.50% | 11.30% | 12.00% | 24.00% | 6.70% |
Oct-22 | 8.20% | 10.50% | 13.00% | 21.30% | 6.70% |
Nov-22 | 7.40% | 9.60% | 15.30% | 16.30% | 6.00% |
Dec-22 | 6.40% | 7.90% | 14.30% | 9.40% | 5.30% |
Jan-23 | 5.70% | 7.70% | 11.20% | 11.10% | 4.50% |
Feb-23 | 4.70% | 5.30% | 6.70% | 4.60% | 4.20% |
Mar-23 | 2.70% | 1.90% | 4.50% | -7.30% | 2.70% |
Apr-23 | 2.30% | 0.70% | 2.50% | -8.30% | 2.80% |
May-23 | 1.10% | -2.30% | 0.60% | -18.30% | 2.60% |
Jun-23 | 0.30% | -4.30% | 0.40% | -23.90% | 2.50% |
Jul-23 | 1.10% | -2.40% | -0.50% | -16.00% | 3.00% |
Aug-23 | 1.90% | 0.40% | -0.80% | -3.00% | 2.70% |
Sep-23 | 1.80% | 0.80% | -1.60% | -1.30% | 2.40% |
Oct-23 | 1.00% | -1.10% | -2.40% | -9.50% | 2.20% |
Nov-23 | 0.70% | -1.60% | -4.80% | -9.40% | 1.90% |
Dec-23 | 1.00% | -0.60% | -4.80% | -4.70% | 1.70% |
Jan-24 | 0.90% | -1.70% | -3.60% | -9.80% | 2.20% |
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