The Producer Price Index for final demand rose 0.2% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices were unchanged in May and increased 0.5% in April. On an unadjusted basis, the index for final demand rose 2.6% for the 12 months ended in June.
The index for final demand less foods, energy, and trade services were unchanged in June following a 0.2% increase in May. For the 12 months ended in June the index for final demand less foods, energy, and trade services rose 3.1%.
Prices for final demand goods declined 0.5% in June, after falling 0.8% in May. Most of the increase is attributable to a 2.6% drop in the index for final demand energy. Prices for final demand goods less foods and energy were unchanged.
Prices for final demand services rose 0.6% in June after moving up 0.3% in May. Nearly all the June increase is attributable to a 1.9% jump in final demand trade services. The Index for final demand services less trade, transportation, and warehousing edged up 0.1%.
Read the BLS release.
