11:39 p.m.
Thursday, 27 July 2017

Producer Price Index for finished goods increased 0.1% in June

By Rubén Vela

Correspondant

Los Angeles, july 13th.

The Producer Price Index for finished goods increased 0.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods moved down 1.0 percent in May and declined 0.2 percent in April.

At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.5 percent in June, and the crude goods index fell 3.6 percent. On an unadjusted basis, prices for finished goods advanced 0.7 percent for the 12 months ended in June, the same rate as in May.

In June, the increase in finished goods prices was led by the index for finished goods less foods and energy, which moved up 0.2 percent. Prices for finished consumer foods rose 0.5 percent. By contrast, the index for finished energy goods declined 0.9 percent.

Finished core: In June, prices for finished goods less foods and energy advanced 0.2 percent for the fourth consecutive month. Accounting for seventy percent of the June increase, the index for light motor trucks moved up 1.4 percent. Higher prices for major household appliances and pet food also contributed to the rise in the finished core index. (See table 2.)

Finished foods: The index for finished consumer foods moved up 0.5 percent in June, the largest advance since a 1.0-percent rise in November 2011. Over ninety percent of the June increase can be traced to prices for meats, which moved up 3.1 percent. An advance in the index for fresh and dry vegetables also was a factor in the rise in finished foods prices.

Finished energy: In June, prices for finished energy goods fell 0.9 percent, the fourth straight decline. The residential electric power index was a significant factor in the June decrease, dropping 2.1 percent.

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