Producer prices fell 0.4% in July, seasonally adjusted, after rising 0.5% in June, according to the U.S. Bureau of Labor Statistics. The majority of the July decrease was attributable to a fall in prices for final demand services. Year over year, producer prices have fallen 0.2%.
Prices for final demand services fell 0.3% in July after increasing for the previous three months. Much of the decline was due to a fall in margins for demand services, which fell 1.3%. In contrast, prices for final demand services less trade, transportation, and warehousing advanced 0.2%.
The index for final demand goods fell 0.4% in July following three straight increases. Nearly half of the decrease was due to prices for final demand foods, which fell 1.1%. Prices for final demand goods less foods and energy were unchanged.
Read the BLS release.