Producer Prices Slid 0.2% in June
Washington, DC, July 10, 2020--The Producer Price Index for final demand fell 0.2% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
This decrease followed a 0.4% increase in May and a 1.3% decline in April.
On an unadjusted basis, the final demand index moved down 0.8% for the 12 months ended in June.
In June, the decrease in the final demand index is attributable to a 0.3% decline in prices for final demand services. In contrast, the index for final demand goods rose 0.2%.
Prices for final demand less foods, energy, and trade services advanced 0.3% in June, the largest increase since a 0.3% rise in January. For the 12 months ended in June, prices for final demand less foods, energy, and trade services edged down 0.1%.