Producer Prices Rose 1.0% in June

Washington, DC, July 14, 2021-The Producer Price Index for final demand increased 1.0% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. 

Final demand prices rose 0.8% in May and 0.6% in April. 

On an unadjusted basis, the final demand index moved up 7.3% for the 12 months ended in June, the largest advance since 12-month data were first calculated in November 2010. 

Nearly 60% of the June advance in the final demand index can be traced to a 0.8% increase in prices for final demand services. The index for final demand goods moved up 1.2%. 

Prices for final demand less foods, energy, and trade services rose 0.5% in June following an increase of 0.7% in May. For the 12 months ended in June, the index for final demand less foods, energy, and trade services moved up 5.5%, the largest advance since 12-month data were first calculated in August 2014.