Prices for materials used in the auto glass industry saw a variety of results in December 2019, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI, which includes auto glass, increased by 0.7% in December in the commodity category on a year-over-year basis. The PPI also went down by 0.4% from 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 remained decreased by 0.6% from December 2018, and in that index, in the commodity grouping, month-over-month prices remained the same.
The PPI for molded rubber mechanical goods (automotive) remained the same when compared to its reading last month, and also saw a decrease of 1.8% when compared to last year. Adhesives and sealants went down by 0.2% when compared to last month and saw an increase of 0.9% from last year.
Motor vehicle repair and maintenance, in the services grouping, remained the same on a month-over-month basis, as well as going up by 4% for the year.
The cost of private passenger auto insurance services increased by 0.3% when compared to last month as well as increasing by 2.9% on a year-over-year basis. Commercial auto insurance went up by 0.7% on a month-over-month basis and was up 1.3% year over year.