Producer Prices Up 0.3% in June
Washington, DC, July 11, 2018-The Producer Price Index for final demand rose 0.3% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices advanced 0.5% in May and 0.1% in April.
On an unadjusted basis, the final demand index moved up 3.4% for the 12 months ended in June, the largest 12-month increase since climbing 3.7% in November 2011.
In June, most of the rise in the index for final demand is attributable to a 0.4% advance in prices for final demand services. The index for final demand goods edged up 0.1%.
Prices for final demand less foods, energy, and trade services moved up 0.3% in June after rising 0.1% in May. For the 12 months ended in June, the index for final demand less foods, energy, and trade services climbed 2.7%.