August 14, 2000 (The Editor’s Desk is updated each business day.)

Producer prices show no change in July

The Producer Price Index for Finished Goods showed no change in July, seasonally adjusted. This index posted a 0.6-percent advance in June following no change in May.

[Chart data—TXT]

Prices for finished energy goods turned down 0.7 percent, after rising 5.1 percent in the previous month and caused July's deceleration in the finished goods index. By contrast, the index for consumer goods other than foods and energy edged upward, following a small decline in June.

From July 1999 to July 2000, a 19.2-percent advance in prices for finished energy goods led the 4.1-percent increase for the finished goods index. During the same period, prices for finished goods other than foods and energy rose 1.5 percent, and prices for finished consumer foods increased 2.1 percent.

These data are a product of the BLS Producer Price Index program. Find out more in Producer Price Indexes, July 2000, news release USDL 00-227. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.