Producer Price Index for final demand up 0.1 percent in July 2014
August 18, 2014
In July 2014, the Producer Price Index for final demand rose 0.1 percent, seasonally adjusted. This increase followed a 0.4-percent advance in June and a 0.2-percent decline in May. On an unadjusted basis, the index for final demand climbed 1.7 percent for the 12 months ended in July.
|Month||Total final demand||Final demand, goods||Final demand, services|
The index for final demand services inched up 0.1 percent in July after rising 0.3 percent in the prior month. Leading the July increase, the index for final demand transportation and warehousing services moved up 0.5 percent; prices for truck transportation of freight climbed 0.7 percent. Margins for final demand trade services advanced 0.2 percent. In July, margins for automotive fuels and lubricants retailing and for apparel, footwear, and accessories retailing increased. The indexes for portfolio management and passenger car rental also moved higher. In contrast, margins for machinery and equipment wholesaling fell 1.7 percent in July. The indexes for loan services (partial); apparel wholesaling; and health, beauty, and optical goods retailing also decreased.
Prices for final demand goods were unchanged in July after moving up 0.5 percent in June. In July, a 0.2-percent rise in the index for final demand goods less foods and energy and a 0.4-percent increase in prices for final demand foods offset a 0.6-percent decline in the index for final demand energy. Prices for meats, processed poultry, residential electric power, and light motor trucks also moved higher. Conversely, gasoline prices fell 2.1 percent in July. The indexes for soybeans, fresh and dry vegetables, grains, and gold and platinum jewelry also decreased.
These data are from the BLS Producer Price Indexes program. To learn more, see “Producer Price Indexes — July 2014” (HTML) (PDF), news release USDL‑14‑1500. 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 for final demand up 0.1 percent in July 2014 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140818.htm (visited March 31, 2015).
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