Price Trend Percentages:January 1997– December 2007 |
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|
Northeast |
|
Southeast |
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|
Species |
Nominal |
Real |
Nominal |
Real |
|
|
Black Cherry
|
6.57% |
4.21% |
8.98% |
6.58% |
|
|
Northern Red Oak
|
0.90% |
-1.37% |
0.54% |
-1.71% |
|
|
White Oak
|
1.22% |
-1.04% |
-0.30% |
-2.54% |
|
|
Mixed Oaks
|
1.95% |
-0.33% |
0.16% |
-2.20% |
|
|
White Ash
|
-3.51% |
-5.69% |
-4.31% |
-6.48% |
|
|
Hard Maple
|
7.48% |
5.11% |
7.77% |
5.39% |
|
|
Soft Maple
|
4.71% |
2.38% |
2.17% |
-0.12% |
|
|
Yellow Poplar
|
2.89% |
0.60% |
1.25% |
-1.02% |
|
|
Misc. Hardwoods
|
2.30% |
0.02% |
1.51% |
-0.67% |
|
|
White Pine
|
1.96% |
-1.77% |
5.97% |
2.12% |
|
|
Hemlock
|
-0.19% |
-3.87% |
2.53% |
-1.21% |
|
|
|
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|
|
Northwest |
|
Southwest |
||
|
Species |
Nominal |
Real |
Nominal |
Real |
|
|
Black Cherry
|
6.55% |
4.19% |
6.21% |
3.86% |
|
|
Northern Red Oak
|
-0.81% |
-3.04% |
0.98% |
-1.29% |
|
|
White Oak
|
-0.71% |
-2.89% |
-0.18% |
-2.43% |
|
|
Mixed Oaks
|
-0.61% |
-2.85% |
0.27% |
-2.45% |
|
|
White Ash
|
-5.12% |
-7.28% |
4.02% |
-6.02% |
|
|
Hard Maple
|
6.93% |
4.57% |
8.74% |
6.34% |
|
|
Soft Maple
|
5.88% |
3.54% |
4.15% |
1.83% |
|
|
Yellow Poplar
|
1.76% |
-0.52% |
-0.92% |
-3.15% |
|
|
Misc. Hardwoods
|
0.70% |
-1.56% |
-1.43% |
-3.65% |
|
|
White Pine
|
-1.95% |
-5.58% |
1.48% |
-2.24% |
|
|
Hemlock
|
-2.54% |
-6.15% |
2.72% |
-1.04% |
|
Nominal prices are the actual reported prices of the product. The nominal price trend percentages are calculated in the dollar value of the year reported. This means that a value given in 1993 is its value in 1993 dollars and a value given in 2003 is in 2003 dollars.
Real prices are the prices of the product that take account for increases due
to inflation. The real price trend percentages show the percentage increase
(or decrease) for prices of the product in today's dollar value. In other words,
all of the prices have been adjusted so that they are expressed in current (2007)
dollars. This was done using the producer price index for all commodities as
reported by the U.S. Bureau of Labor Statistics.