Friday, August 15, 2014

Producer Prices Rose 0.1% in July

Producer prices increased a modest 0.1% in July, driven by a strong 0.4% increase in energy prices. Producer prices improved 1.7% from year ago levels, a slowing of the year-over-year growth compared to the previous three months.

Earlier stages of production saw similar increases, with intermediate goods prices rising 0.1% in July. Intermediate energy prices declined 0.3% while the remaining categories all improved in July. The crude goods index sharply declined in July, dropping 2.7%. The decline was led by a 6.4% decrease in energy prices.

Prices for the headline index increased 0.1% in July, compared to a 0.4% increase the month prior. Finished energy prices took the biggest hit, declining 0.6% over the month, the largest monthly decline since last November. Finished food and transportation and warehousing saw the biggest monthly improvements, growing 0.4% and 0.5% respectively.

Read the BLS report.

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