Prices for materials used in the auto glass industry showed mostly increases in October 2022, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI for glass, which includes auto glass*, increased by 8% on a year-over-year basis as well as by 1.6% from September 2022. 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 increased by 4.5% from last year in that index, in the commodity grouping, while month-over-month prices showed no change from September 2022.
The PPI for molded rubber mechanical goods (automotive) also did not change from its September reading, but went up by 1.3% from October 2021.
Adhesives and sealants saw an increase of 0.2% from one month to the next, and a 20% increase from last year.
Motor vehicle repair and maintenance, in the services grouping, saw a small change – 0.1% – from September but increased 4.6% from the same time last year.
The cost of private passenger auto insurance services also inched upward from September, with a 0.1% increase, and rose 4.6% over last year. Commercial auto insurance dropped 0.1% from last month and fell 0.9% from October 2022.
*This number is for the specialty glass category under the commodity category.