Producer Price Index in July
August 20, 2008
The Producer Price Index for Finished Goods advanced 1.2 percent in July 2008, seasonally adjusted. This increase followed a 1.8-percent jump in June and a 1.4-percent rise in May.
The finished energy goods index increased 3.1 percent in July compared with a 6.0-percent advance in June. Home heating oil prices moved up 3.7 percent in July following a 12.4-percent jump in the previous month, and the gasoline index turned down 0.2 percent after rising 9.0 percent in June. Conversely, the index for residential electric power climbed 2.0 percent subsequent to a 0.8-percent gain in June.
The index for finished consumer foods edged up 0.3 percent in July after jumping 1.5 percent in June. The index for finished goods less foods and energy climbed 0.7 percent in July after increasing 0.2 percent a month earlier. Prices for light motor trucks moved up 0.8 percent subsequent to a 1.8-percent drop in June.
From July 2007 to July 2008, prices for finished goods rose 9.8 percent, as shown in the chart.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — July 2008," (PDF) (HTML) news release USDL 08-1181. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index in July on the Internet at http://www.bls.gov/opub/ted/2008/aug/wk3/art03.htm (visited September 29, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.