Friday, July 12, 2013

Producer Prices Rose 0.8% in June

Producer prices increased for the second consecutive month in June, rising 0.8% over May’s levels. Producer prices are up 2.5% from year-ago levels, the largest increase in over a year. Higher gasoline prices were a strong driver of June’s appreciation. Core prices for finished goods rose slightly to 2.0%, but remains at consistent with the growth rate seen over the last 6 months.

Prices for finished energy products rose 2.9% in June, its second month gain. Food prices increased 0.2%, a drop from the previous month.

The prices of crude goods remained stagnant in June, and are 2.2% below year ago levels.

Read the BLS release.

No comments:

Post a Comment

Please read our comment policy before making a comment.