Wednesday, August 14, 2013

Producer Prices Remained Unchanged in July

Producer prices remained unchanged in July after June’s strong gains, and are up 2.1% over year ago levels. Energy prices fell and food prices remained constant. There was a slight rise in core goods, with finished core goods rising 0.1% and remains consistent with growth rates seen the last 6 months.

Prices for finished energy products dropped 0.2%, a likely result of lower gasoline prices. The food index remained constant as a steep drop in fresh vegetable prices was offset by other gains.

The prices of crude goods declined in July, and are 1.9% below year ago levels.

Read the BLS release.

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