Manufacturing prices for glass and glass products increased in January 2023, the U.S. Bureau of Labor Statistics said in its monthly Producer Price Index (PPI) report. The PPI measures the average price received by producers of domestically produced goods and services.
Manufacturing prices for glass and glass products rose 2.1% in January from December 2022, BLS data show. However, prices of some glass products have remained unchanged since December last year.
Overall, the seasonally adjusted PPI for final demand rose 0.7% in January. Final demand rose 6% year-on-year, down from a revised 6.5% in December and a peak of 11.7% in March, marking the seventh straight month of price declines.
The prices for glass and glass materials
From December to January, the monthly PPI for flat glass increased by 0.6%, and the price of flat glass increased by 8.7% compared with the same period last year. According to the Bureau of Labor Statistics, commodity classification is "the organization of products and services based on similarity or material composition, regardless of the industry classification of the producing establishment."
January PPI index: year-on-year change chart of glass and glass manufacturing materials in the United States
From December to January, the flat glass manufacturing index increased by 0.5%, and the price of flat glass manufacturing rose by 18.9% year-on-year. The industry classification measures "the change in price received by an industry's output that is sold outside the industry (ie its net output)".
Prices for prefabricated structural metal products fell 0.2 percent. However, prices were still up 3.2% from a year earlier.
Prices for decorations and architectural metalwork also remained at the same level from December to January. Prices for decorations and architectural metalwork rose 13.3 percent year-on-year.
The price of metal windows has remained unchanged since December last year, and the year-on-year price is still high at 13.1%; the price of metal doors and door frames has also remained unchanged from December to January.
Prices for metal doors and frames were 7.5 percent higher than last year.
Builders' hardware costs, including materials used in glass and glassmaking, rose 0.4 percent. Builders' hardware costs rose 7.0 percent year-over-year.
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