Producer Price Index up 0.4 percent in June 2014
July 17, 2014
The Producer Price Index for final demand rose 0.4 percent in June, seasonally adjusted, following a 0.2-percent decline in May and a 0.6-percent advance in April. The June increase can be traced to a 0.5-percent advance in the index for final demand goods and a 0.3-percent rise in the index for final demand services.
|Month||Total final demand||Final demand, goods||Final demand, services|
The June increase of 0.5 percent in the index for final demand goods follows a 0.2-percent decrease in May. Nearly 90 percent of the advance can be traced to prices for final demand energy, which climbed 2.1 percent in June. The index for final demand goods less foods and energy edged up 0.1 percent, while the index for final demand foods declined 0.2 percent.
Prices for final demand services increased 0.3 percent in June after falling 0.2 percent in May. Nearly two-thirds of the broad-based advance can be attributed to the index for final demand services less trade, transportation, and warehousing, which moved up 0.3 percent. Prices for final demand trade services rose 0.2 percent. The index for final demand transportation and warehousing services increased 0.3 percent
These data are from the BLS Producer Price Indexes program. To learn more, see “Producer Price Indexes — June 2014” (HTML) (PDF), news release USDL‑14‑1310. 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. Final demand includes goods, services, and construction that are sold for personal consumption, capital investment, government purchases, and export.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index up 0.4 percent in June 2014 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140717.htm (visited September 30, 2014).
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