Producer Prices Climbed in June

Producer prices climbed 0.4 percent in June, seasonally adjusted, according to the U.S. Bureau of Labor Statistics, principally reflecting a 0.7 percent hike in prices for final demand goods. This was the third monthly increase in the past six months, yet producer prices fell 0.7 percent on a yearly basis.

Sixty percent of the broad-based price inflation for final demand goods was attributable to prices for final demand energy, which rose 5.9 percent, attributable to the 4.3 percent rise in the gasoline index.

Prices for final demand goods less foods and energy and for final demand foods rose 0.4 percent and 0.6 percent, respectively.

The price index for final demand services rose 0.3 percent in June. Prices for final demand services less trade, transportation, and warehousing fell 0.2 percent, while margins for final demand trade services rose 0.2 percent.

Read the BLS report.