Table 3 Inflation and volatility...

Table 3

Inflation and volatility rankings for industry PPIs

	Overall ranking	Inflation ranking	Volatility ranking	Rankings difference
Rendering and meat byproduct processing	1	1	6	5
Animal, except poultry, processing	2	13	1	12
Soybean and other oilseed processing	3	3	4	1
Animal Slaughtering and Processing	4	12	3	9
Domestic nonscheduled air freight services	5	18	5	13
Beef, not canned or made into sausage, slaughtering	6	16	2	14
Cheese manufacturing	7	14	13	1
Grain and oilseed milling	8	2	16	14
International nonscheduled air freight services	9	25	9	16
General freight trucking, local	10	15	10	5
General freight trucking	11	21	11	10
Grocery stores	12	9	26	17
Nonscheduled air freight chartering	13	31	12	19
General freight trucking, long distance	14	22	14	8
Pork, processed, not made into sausage, slaughtering	15	34	23	11
Food and beverage stores	16	8	27	19
Primary Products	17	17	19	2
Flour milling and malt manufacturing	18	4	28	24
Food manufacturing	19	20	18	2
Creamery butter manufacturing	20	46	7	39
Truck transportation	21	26	15	11
Plastics packaging film and sheet manufacturing	22	23	21	2
Fruit and veg canning	23	5	38	33
Dairy product manufacturing	24	39	17	22
Air transportation	25	47	8	39
Fluid milk manufacturing	26	38	22	16
Fruit and veg canning, picking and drying	27	10	36	26
Poultry processing	28	27	24	3
Warehousing and storage	29	28	25	3
Inland water transportation	30	44	20	24
Fruit and veg preserving and specialty food Mfg	31	19	31	12
Wines, brandy and brandy spirits	32	6	44	38
Data processing and related services	33	7	43	36
Wineries	34	11	45	34
Frozen food manufacturing	35	30	34	4
Deep sea freight transportation services	36	43	29	14
Deep sea freight transportation	37	45	30	15
Refrigerated warehousing and storage	38	33	33	0
Water transportation	39	42	35	7
Rail transportation	40	35	37	2
Perishable prepared food manufacturing	41	37	40	3
Line-haul railroads	42	36	39	3
Breweries	43	24	41	17
Specialized freight trucking	44	40	32	8
Canned beer and ale case goods	45	29	46	17
Wines, white, red and rose grape and other fruit	46	32	47	15
Advertising agencies	47	41	42	1

	Overall ranking	Inflation ranking	Volatility ranking	Rankings difference
Rendering and meat byproduct processing	1	1	6	5
Animal, except poultry, processing	2	13	1	12
Soybean and other oilseed processing	3	3	4	1
Animal Slaughtering and Processing	4	12	3	9
Domestic nonscheduled air freight services	5	18	5	13
Beef, not canned or made into sausage, slaughtering	6	16	2	14
Cheese manufacturing	7	14	13	1
Grain and oilseed milling	8	2	16	14
International nonscheduled air freight services	9	25	9	16
General freight trucking, local	10	15	10	5
General freight trucking	11	21	11	10
Grocery stores	12	9	26	17
Nonscheduled air freight chartering	13	31	12	19
General freight trucking, long distance	14	22	14	8
Pork, processed, not made into sausage, slaughtering	15	34	23	11
Food and beverage stores	16	8	27	19
Primary Products	17	17	19	2
Flour milling and malt manufacturing	18	4	28	24
Food manufacturing	19	20	18	2
Creamery butter manufacturing	20	46	7	39
Truck transportation	21	26	15	11
Plastics packaging film and sheet manufacturing	22	23	21	2
Fruit and veg canning	23	5	38	33
Dairy product manufacturing	24	39	17	22
Air transportation	25	47	8	39
Fluid milk manufacturing	26	38	22	16
Fruit and veg canning, picking and drying	27	10	36	26
Poultry processing	28	27	24	3
Warehousing and storage	29	28	25	3
Inland water transportation	30	44	20	24
Fruit and veg preserving and specialty food Mfg	31	19	31	12
Wines, brandy and brandy spirits	32	6	44	38
Data processing and related services	33	7	43	36
Wineries	34	11	45	34
Frozen food manufacturing	35	30	34	4
Deep sea freight transportation services	36	43	29	14
Deep sea freight transportation	37	45	30	15
Refrigerated warehousing and storage	38	33	33	0
Water transportation	39	42	35	7
Rail transportation	40	35	37	2
Perishable prepared food manufacturing	41	37	40	3
Line-haul railroads	42	36	39	3
Breweries	43	24	41	17
Specialized freight trucking	44	40	32	8
Canned beer and ale case goods	45	29	46	17
Wines, white, red and rose grape and other fruit	46	32	47	15
Advertising agencies	47	41	42	1

Note(s): Each of the 47 industry PPIs for which we conducted this exercise was ranked monotonically based on their average rankings across our 16 inflation and volatility metrics

Source(s): Authors' calculations using data from the US bureau of labor statistics

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