Producer Prices Ticked Down in July
Washington, DC, August 10, 2017-The Producer Price Index for final demand declined 0.1% in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices inched up 0.1% in June and were unchanged in May.
On an unadjusted basis, the final demand index increased 1.9% for the 12 months ended in July.
Over 80% of the July decrease in final demand prices is attributable to the index for final demand services, which fell 0.2%. Prices for final demand goods edged down 0.1%.
The index for final demand less foods, energy, and trade services was unchanged in July following a 0.2% advance in June. For the 12 months ended in July, prices for final demand less foods, energy, and trade services rose 1.9%.