Wednesday, July 16, 2014

Producer Prices Rose 0.4% in June

Produce prices appreciated 0.4% in June, reversing a decline from the month prior. March’s gain was driven heavily by energy goods. Producer price appreciation from one year ago declined slightly to 1.9%, but is still near the 2.0% target of the Federal Reserve.

Prices for finished energy goods improved 2.1% in June, a rebound from the previous month’s decline. The finished foods index decline by 0.2%, the second consecutive monthly decline.

Prices at earlier stages of production showed similar patterns. Processed intermediate food declined 0.1% and unprocessed intermediate food dropped 3.0%. Total processed intermediate goods grew by 0.4%, but unprocessed intermediate goods shrank 0.9%.

Read the BLS report.

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