July 16, 2012 (The Editor’s Desk is updated each business day.)
Producer Price Index in June 2012
The Producer Price Index for finished goods increased 0.1 percent in June, seasonally adjusted. Prices for finished goods declined 1.0 percent in May, and declined 0.2 and 0.1 percent, respectively, in April and March.
[Chart data]
The index for finished consumer foods moved up 0.5 percent in June, the largest advance since a 1.0-percent rise in November 2011. Over ninety percent of the June increase can be traced to prices for meats, which moved up 3.1 percent.
In June, prices for finished energy goods fell 0.9 percent, the fourth straight decline. The residential electric power index was a significant factor in the decrease, dropping 2.1 percent.
Prices for finished goods less foods and energy advanced 0.2 percent in June, the fourth consecutive monthly increase. The index for light motor trucks moved up 1.4 percent, accounting for seventy percent of the increase.
These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes — June 2012” (HTML) (PDF), news release USDL-12-1382. All producer prices are routinely subject to review once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
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