The Producer Price Index for final demand increased 1.0% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. On an unadjusted basis, the final demand index moved up 7.3% for the 12 months ended in June, the largest advance since 2010.
Prices for final demand less foods, energy, and trade services rose 0.5% in June. For the 12 months ended in June, the index moved up 5.5%, the largest advance since August 2014.
The index for final demand goods rose 1.2% in June. Most of the June increase can be traced to the index for final demand goods less foods and energy, which moved up 1.0%.
The index for final demand services increased 0.8% for the month, the sixth consecutive advance. Seventy percent of the increase in June is attributable to margins for final demand trade services, which moved up 2.1%.
Read the BLS release.