August 18, 2011 (The Editor’s Desk is updated each business day.)
Producer prices in July 2011
From June to July, the Producer Price Index for finished goods rose 0.2 percent, seasonally adjusted. This advance followed a 0.4-percent decrease in June and a 0.2-percent rise in May.
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In July, the advance in the finished goods index was led by prices for finished goods less foods and energy, which rose 0.4 percent. Also contributing to higher finished goods prices, the index for finished consumer foods increased 0.6 percent. By contrast, prices for finished energy goods declined 0.6 percent.
At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 0.2 percent in July, and the crude goods index declined 1.2 percent.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — July 2011" (HTML) (PDF), news release USDL-11-1228. 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.
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