March 29, 2017

Energy Prices for Producers Climb

Energy prices for domestic producers of goods increased 2.2% in August and the prices of all materials used in the production of goods increased 0.4%. Energy prices rose as a result of gasoline prices increasing 7.5%, heating oil increasing 7.0%, diesel fuel rising 6.4%, and the additional increases shown in the chart below. While gasoline led the increases of the energy sector, the highest price increase in the production of goods belongs to hay with an increase of 12.0%, according to the Producer Price Index [.pdf] released today.

The Producer Price Index measures the cost of materials used in the production of goods. This index differs from the Consumer Price Index, which measures the market price of goods.

Energy prices used in the production of goods rose for the first time in 5 months.

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  1. It’s posts like this that keep me coming back and checking this site regularly, thanks for the info!

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