Producer Prices Rise 0.5% in June
The Producer Price Index for Finished Goods increased 0.5 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This rise followed advances of 0.2 percent in May and 0.9 percent in April. At the earlier stages of processing, prices received by producers of intermediate goods climbed 0.7 percent in June after increasing 1.1 percent in the prior month, and the crude goods index fell 1.7 percent following a 2.0% gain in May.
Among prices for finished goods, the index for consumer foods moved up 1.4 percent in June after decreasing 0.5 percent in May. Prices for energy goods rose 0.7 percent following a 0.4-advance in the previous month. By contrast, the index for finished goods other ...