Glass and glass product manufacturing prices increased in January 2023, reports the U.S. Bureau of Labor Statistics (BLS) in its monthly Producer Price Index (PPI). The PPI measures the average prices received by producers of domestically produced goods and services.
BLS data shows that glass and glass product manufacturing prices increased by 2.1% in January from December 2022. However, prices for several glass products remained fixed from December.
Overall, the PPI for final demand increased by 0.7% in January, seasonally adjusted. Year-to-year, final demand increased by 6%, down from December’s revised score of 6.5% and a recent peak of 11.7% in March. It’s the seventh consecutive month of falling prices.
Glass and Glazing Material Prices
The monthly PPI for flat glass in the commodity category increased by 0.6% from December to January. Flat glass prices are up 8.7% compared to this time last year. According to BLS, the commodity classification “organizes products and services by similarity or material composition, regardless of the industry classification of the producing establishment.”
The index for flat glass manufacturing in the industry classification increased by 0.5% from December to January. Year-to-year, flat glass manufacturing prices are up 18.9%. The industry classification measures “changes in prices received for the industry’s output sold outside the industry (that is, its net output).”
The prices for fabricated structural metal products decreased by -0.2%. However, prices remain up 3.2% compared to this time last year.
Prices for ornamental and architectural metalwork also remained level from December to January. Year-to-year, ornamental and architectural metalwork prices have increased by 13.3%.
Metal window prices remain unchanged from December. Year-to-year prices remain high, sitting at 13.1%. The metal doors and frames price also remained fixed from December to January.
Prices for metal doors and frames are 7.5% higher than last year.
The cost of builders’ hardware, including materials used in glass and glazing, increased by 0.4%. Year-to-year, the cost of builders’ hardware is 7.0% higher.