Producer Prices Post Largest Annual Gain Since 2011

Producer prices increased 0.3 percent in June, seasonally adjusted, after rising 0.5 percent in May, according to the U.S. Bureau of Labor Statistics. Producer prices rose 3.4 percent for the twelve months ended June 2018, the largest annual gain since November 2011.

The index for final demand goods ticked up 0.1 percent in June, after climbing 1.0 percent last month. The index for final demand energy rose 0.8 percent, while prices for final demand goods less foods and energy grew 0.3 percent.

Prices for final demand services increased 0.4 percent. Prices for final demand transportation and warehousing grew 0.5 percent in June after increasing 0.7 percent in May. Prices for final demand trade rose 0.7 percent.

Read the BLS release.

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