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Article: One-Month Lag in Producer Price Indexes for Liquefied Petroleum Gas Removed.(Statistical Data Included)
- Article from:
- PPI Detailed Report
- Article date:
- July 1, 2001
CopyrightCOPYRIGHT 2001 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Effective with this report, the 1-month lag in the Producer Price Index (PPI) for Liquefied Petroleum Gas, commodity code 05-32, has been eliminated. Since 1971, the liquefied petroleum gas index has been calculated with prices that lag behind the index reference date by 1 month. For example, the PPI for January contains liquefied petroleum gas prices for December.
In order to eliminate this lag, the Bureau of Labor Statistics utilized the natural gas liquids price data published by the Oil Price Information Service (OPIS) to estimate the PPI. These data are used in the first-released index for liquefied petroleum gas. As is customary practice, a revised PPI for ...