July 10, 2020
The final demand for the Producer Price Index decreased 0.2% in June 2020, seasonally adjusted according to the U.S. Bureau of Labor Statistics. Final demand prices rose 0.4% in May and decreased 1.3% in April. On an unadjusted basis, “the final demand index moved down 0,8% for the 12 months ended in June,” BLS indicated.
Prices for final demand less foods, energy, and trade services climbed 0.3% in the month of June. Notably, the index over the past twelve months ended June depicted a downward movement by 0.1%.
Final demand services experienced a 0.3% decrease in prices in June. This performance was mainly attributable to a decrease of 1.8% in prices for final demand trade services. Moreover, the indexes for final demand services less trade, transportation, and warehousing and for final demand transportation and warehousing services rose 0.3% and 0.9%, respectively.
An increase of 0.2% was observed in prices for final demand goods in June. This performance stemmed from an increase of 7.7% in prices for final demand energy. The index for final demand goods less foods and energy rose 0.1%, while prices for final demand foods declined 5.2%.
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