PPI: Flat Glass Prices Finish 2015 Notably Higher Than 2014

January 15th, 2016 by Nick St. Denis

Flat glass prices jumped nearly a full percent in December, according to the latest Producer Price Index (PPI) report issued by the U.S. Labor Department. According to the report, prices increased 0.9 percent for the month and are up 5.6 percent from December of 2014.

The PPI program measures the average change over time in the selling prices received by domestic producers for their output, according to the U.S. Bureau of Labor Statistics (BLS). The prices included in the PPI are from the first commercial transaction for many products and some services.

The flat glass index sits at 128.9.

In another report, import prices for glass and glassware were down 0.8 percent in December after staying flat the month before. Prices in that category are down 0.2 percent from December 2014, with an index of 128.9.

Export prices for glass and glassware meanwhile, edged up 0.2 percent after three consecutive 0.1-percent increases. Those prices are up 0.5 percent from this time last year and have an index of 99.4.

Prices of construction materials took a 0.2-percent dip for the month, following a 0.3-percent rise in November. Prices in that category are down 0.9 percent from December 2014. Final demand for construction was stagnant in December after a 0.3-percent decrease the month before, but those prices are up 1.8 percent over the year.

On the whole, the PPI for final demand decreased 0.2 percent in December, seasonally adjusted, after increasing 0.3 percent in November. On an unadjusted basis, the index for final demand fell 1.0 percent in 2015 after rising 0.9 percent in 2014.

Overall prices for U.S. imports fell 1.2 percent in December after a 0.5-percent decrease in November. Export prices dropped 1.1 percent in December after declining 0.7 percent in November.

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