According to the latest Producer Price Index Report (PPI) issued by the US Labor Department, flat glass prices in December 2014 increased 1.8% from the month before, after a rise of 0.5% from October to November.
Flat glass prices saw a big jump – relative to recent month-to-month changes – in December, increasing 1.8% from the month before, according to the latest Producer Price Index Report (PPI) issued by the US Labor Department. The spike comes after flat glass prices rose 0.5% from October to November.
The PPI program measures the average change over time in the selling prices received by domestic producers for their output, according to the US 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 123.2, continuing to go up after mostly steady increases throughout 2014. The latest bump in prices puts them up 3.4% for the year.
In another report, import prices for glass and glassware remained stagnant in December following a 0.1% dip in November and a 0.1% bump in October. Import prices are down 0.2% from a year ago.
Meanwhile, export prices for glass and glassware increased 0.4% in December after increasing 0.1% the month before. Those prices dropped 0.2% in October. Export prices for glass and glassware are up 1.4% from this time last year.
Following a flat November, prices of materials for construction saw a slight drop of 0.1%. They increased 0.3% in October, and prices in that category are up 3% from December 2013. Final demand for construction remained stagnant for the second straight month after seeing a 0.5% spike in October. Those prices are up 2.1% from a year ago.
On the whole, the PPI for final demand fell 0.3% in December, seasonally adjusted, after a 0.2% dip in November and a 0.2% increase in October. On an unadjusted basis, the index for final demand rose 1.1% in 2014 after increasing 1.2% in 2013.
Overall prices for U.S. imports decreased 2.5% in November after a 1.8% drop in November and a 1.4% decline in October. Export prices declined 1.2% in December after seeing a 0.8% decrease the month before.