July Producer Price Index: Up 0.1%
The Producer Price Index for Finished Goods moved up 0.1% in July, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.5% advance in June and a 0.2% rise in May. Prices for finished goods other than foods and energy decreased 0.3% in July after moving up 0.2% in the previous month. At the earlier stages of processing, prices received by manufacturers of intermediate goods advanced 0.5% compared with a 0.7% gain in June. The index for crude materials climbed 3.1% after declining 1.7% in the prior month.
In July, a 1.3% increase for finished energy goods prices slightly outweighed declines of 0.3% for finished goods less foods and energy and for finished consumer ...