Flat Glass/Lumber Prices Up Slightly, According to Latest Producer Price IndexFebruary 22nd, 2013 by DWM Magazine
Flat glass prices increased slightly by 0.4 percent from December to January, according to the latest Producer Price Index Report from the Bureau of Labor Statistics (BLS). Meanwhile lumber prices increased as well.
For glass, the index was listed at 115.7 for January, compared with 115.2 in December. The latest report follows several recent drops, including a 0.7-percent decrease from November to December and a 0.1-percent drop from October to November.
Regarding lumber the following increases were reported: softwood lumber increased 6.7 percent; hardwood lumber increased 1.9 percent; and millwork increased 1.3 percent.
Meanwhile, the price of construction materials also is on the rise—up 0.5 percent from December to January, according to the report. The index was listed at 220.0 for December and 221.2 for January. This rise follows a 0.3-percent increase from November to December and a 0.1 percent increase from October to November.
The Producer Price Index echoes the latest import report from the Bureau of Labor Statistics, which showed a 0.7 percent rise in import prices for glass and glassware from December to January, along with reported increases from glass suppliers.
The Producer Price Index (PPI) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services, according to the BLS.
“PPIs measure price change from the perspective of the seller,” writes BLS in its description of the PPI.