PPI Ready-Mix Concrete

The Producer Price Index (PPI) is a vital economic indicator that measures the average change over time in the selling prices that domestic producers receive for their goods and services. It is a key metric used by economists and policymakers to track inflation, assess economic trends and make informed business decisions. One industry that is closely monitored by the PPI is the Ready-Mix Concrete Manufacturing industry.

Ready-Mix Concrete Manufacturing is a critical component of the construction industry, supplying the foundation for roads, buildings, and other infrastructure. The PPI for Ready-Mix Concrete Manufacturing measures the average change in prices received by manufacturers of this industry for their products.

The PPI for Ready-Mix Concrete Manufacturing is calculated on a monthly basis by the Bureau of Labor Statistics (BLS) using data collected from a sample of manufacturers. The index is based on prices received for ready-mix concrete at the factory gate level, including any delivery charges. The current base period for the index is 2012.

The PPI for Ready-Mix Concrete Manufacturing is used by economists and policymakers to track inflation trends in the construction industry. Increases in the PPI for this industry may indicate rising costs for construction projects and potentially higher inflation overall. Conversely, decreases in the PPI for Ready-Mix Concrete Manufacturing may indicate lower inflation and reduced costs for construction projects.