PPI: Prices for Materials Used in the Auto Glass Industry Increased

Prices for materials used in the auto glass industry increased in November, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).

The monthly PPI for specialty glass, which includes auto glass, in the commodity category rose 2.1 percent in November on a year-over-year basis. The PPI for specialty glass also saw an increase of 0.5 percent from October to November. According to the BLS, the commodity classification “organizes products and services by similarity or material composition, regardless of the industry classification of the producing establishment.”

Prices for motor vehicle parts were up 0.4 percent compared to November 2016, and that index, in the commodity grouping, month-over-month prices remained stagnant.

Motor vehicle repair and maintenance, in the commodity grouping, saw a price increase of 0.3 percent on a month-over-month basis, and experienced an increase of 2.5 percent for the year.

The PPI for molded rubber mechanical goods automotive went down 0.3 percent from its October reading (0.5 percent above 2016’s levels), and adhesives and sealants was up 0.1 percent for the month and 1.5 percent from last year.

The cost of private passenger auto insurance, in the industry classification, saw a slight increase of 0.1 percent from October to November. Those prices are up 5.2 percent for the year. The industry classification measures “changes in prices received for the industry’s output sold outside the industry (that is, its net output).”

Similarly, commercial auto insurance also experienced a month-over-month decrease of 0.2 percent, but is up 2.1-percent for the year.

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