July 17, 2000 (The Editor’s Desk is updated each business day.)
Producer prices up in June due to energy price increase
The Producer Price
Index for Finished Goods advanced 0.6 percent in June, seasonally
adjusted. This index showed no change in May and declined 0.3 percent in
April.
[Chart data—TXT]
Prices for finished energy goods jumped 5.1 percent, following a 0.5-
percent decline in May, and caused June's acceleration in the finished
goods index. By contrast, the index for finished consumer goods other than
foods and energy edged down 0.1 percent, after increasing 0.2 percent a
month ago.
During the first six months of 2000, the finished goods price index
advanced at a 4.8-percent seasonally adjusted annual rate, after rising at
a 3.8-percent rate during the latter half of 1999. Leading this
acceleration, prices for finished energy goods rose at a 26.6-percent
annual rate in the first half of this year, following a 20.7-percent
annual rate of increase during the final six months of last year.
From June 1999 to June 2000, prices for finished goods gained 4.3
percent (unadjusted). During the same period, the index for finished
energy goods increased 23.4 percent, finished goods other than foods and
energy rose 1.4 percent, and finished consumer foods advanced 1.6 percent.
These data are a product of the BLS Producer
Price Index program. Find out more
in Producer
Price Indexes, June 2000, news
release USDL 00-202. 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.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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