July 18, 2007 (The Editor’s Desk is updated each business day.)

Producer prices in June 2007

The Producer Price Index for Finished Goods decreased 0.2 percent in June, seasonally adjusted. This decline followed advances of 0.9 percent in May and 0.7 percent in April.

[Chart data—TXT]

Prices for finished energy goods declined 1.1 percent in June after increasing 4.1 percent in May. The gasoline index fell 3.9 percent following a 10.2-percent jump in the previous month.

Prices for finished consumer foods fell 0.8 percent in June following a 0.2-percent decrease in May.

The index for finished goods other than foods and energy increased 0.3 percent in June following a 0.2-percent increase in May.

During the first 6 months of 2007, the finished goods index rose at a 6.4-percent seasonally adjusted annual rate (SAAR) after no change during the latter half of 2006. Prices for finished goods other than foods and energy advanced at a 2.3-percent SAAR for the 6 months ended June 2007 after rising at a 1.3-percent SAAR during the prior 6-month period.

From June 2006 to June 2007, prices for finished goods rose 3.3 percent, as shown in the chart.

These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — June 2007" (PDF) (TXT), news release USDL 07-1093. 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.