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Thursday, August 10, 2017

Producer Prices Declined 0.1% in July

Producer prices fell 0.1% in July, seasonally adjusted, after increasing 0.1% in June, according to the U.S. Bureau of Labor Statistics. Producer prices rose 1.9% for the twelve months ended July 2017.
The index for final demand goods decreased 0.1% in July after growing 0.1% in the previous month. The index for final demand energy fell 0.3%, the third consecutive monthly decline. Prices for final demand were unchanged after growing 0.6% in June.

Prices for final demand services decreased 0.2% in July, the first decline since February. Prices for final demand transportation and warehousing services led the way, falling 0.8%.

Read the BLS release.
Visit Banks and the Economy.

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