Date: July 15, 2019
June’s Producer Price Index for final demand recorded a 0.1% increase, seasonally adjusted, according to the U.S. Bureau of Labor Statistics (BLS) report released on July 12, 2019. Final demand prices moved up 0.1% in May and 0.2% in April.
This movement was mainly attributable to a 0.4% increase in the index for final demand services. However, prices for final demand goods fell 0.4%. The index for final demand less foods, energy, and trade services was unchanged in June following advances of 0.4% in both April and May. Prices for final demand less foods, energy, and trade services rose 2.1% for the 12 months ended in June.
The final demand services index increased 0.4% in June attributable to margins for final demand trade services, which increased by 1.3%. Prices for final demand transportation and warehousing services also climbed 0.3%, while the index for final demand services less trade, transportation, and warehousing was unchanged.
Prices for final demand goods decreased 0.4% in June attributable to a 3.1% decline in the index for final demand energy. However, prices for final demand foods rose 0.6%. The index for final demand goods less foods and energy was unchanged.
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