Wholesale prices advanced 0.6% in July, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This increase followed a 0.2% decline in June and a 0.9% rise in May.
At the earlier stages of processing, prices received by manufacturers of intermediate goods rose 0.6% in July compared with a 0.5% gain in June, and the index for crude materials climbed 1.2% subsequent to a 0.3% increase a month earlier.
Among prices for finished goods, the index for energy goods rose 2.5% in July following a 1.1% decrease in June. Prices for finished consumer foods inched down 0.1% after declining 0.8% in the previous month. By contrast, slightly counteracting the upturn in finished goods prices, the increase in the index for finished goods other than foods and energy slowed to 0.1% from 0.3% in June.
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