Transmission of material in this release is embargoed until USDL 25-1150
8:30 a.m. (ET) Wednesday, July 16, 2025
Technical information: (202) 691-7705 * ppi-info@bls.gov * www.bls.gov/ppi
Media contact: (202) 691-5902 * PressOffice@bls.gov
PRODUCER PRICE INDEXES - JUNE 2025
The Producer Price Index for final demand was unchanged in June, seasonally adjusted, the U.S.
Bureau of Labor Statistics reported today. Final demand prices increased 0.3 percent in May and
declined 0.3 percent in April. (See table A.) On an unadjusted basis, the index for final demand
rose 2.3 percent for the 12 months ended in June.
In June, a 0.3-percent advance in prices for final demand goods offset a 0.1-percent decrease in
the index for final demand services.
Prices for final demand less foods, energy, and trade services were unchanged in June after
inching up 0.1 percent in May. For the 12 months ended in June, the index for final demand less
foods, energy, and trade services advanced 2.5 percent.
Final Demand
Final demand goods: Prices for final demand goods rose 0.3 percent in June, the largest increase
since moving up 0.3 percent in February. Over half of the broad-based advance in June can be traced
to the index for final demand goods less foods and energy, which climbed 0.3 percent. Prices for final
demand energy and for final demand foods also rose, 0.6 percent and 0.2 percent, respectively.
Product detail: Within the index for final demand goods in June, prices for communication and
related equipment increased 0.8 percent. The indexes for gasoline; residential electric power; canned,
cooked, smoked, or prepared poultry; meats; and tree nuts also moved higher. In contrast, prices for
chicken eggs dropped 21.8 percent. The indexes for natural gas liquids and for thermoplastic resins
and plastics materials also declined. (See table 2.)
Final demand services: Prices for final demand services edged down 0.1 percent in June after
increasing 0.4 percent in May. Leading the decrease, the index for final demand services less trade,
transportation, and warehousing declined 0.1 percent. Prices for final demand transportation and
warehousing services fell 0.9 percent, while margins for final demand trade services were unchanged.
(Trade indexes measure changes in margins received by wholesalers and retailers.)
Product detail: Over half of the June decline in the index for final demand services can be attributed
to prices for traveler accommodation services, which fell 4.1 percent. The indexes for automobiles
and automobile parts retailing, deposit services (partial), airline passenger services, and food and
alcohol wholesaling also decreased. Conversely, prices for portfolio management advanced 2.2
percent. The indexes for machinery, equipment, parts, and supplies wholesaling; furniture retailing;
and apparel, jewelry, footwear, and accessories retailing also rose.
Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted
| Month |
Total
final
demand |
Final
demand
less
foods,
energy,
and
trade |
Final demand goods |
Final demand services |
Change
in final
demand
from 12
months
ago
(unadj.) |
Change
in final
demand
less
foods,
energy,
and
trade
from 12
mo. ago
(unadj.) |
| Total |
Foods |
Energy |
Less
foods
and
energy |
Total |
Trade |
Transportation
and
warehousing |
Other |
2024 |
|
June |
0.4 |
0.2 |
-0.2 |
0.2 |
-1.6 |
0.1 |
0.7 |
1.8 |
-0.1 |
0.2 |
2.9 |
3.4 |
July |
0.0 |
0.4 |
0.4 |
0.2 |
1.5 |
0.2 |
-0.2 |
-1.7 |
1.2 |
0.4 |
2.4 |
3.5 |
Aug. |
0.3 |
0.2 |
0.0 |
0.7 |
-1.5 |
0.2 |
0.5 |
1.1 |
-0.7 |
0.4 |
2.1 |
3.5 |
Sept. |
0.3 |
0.2 |
-0.2 |
0.5 |
-2.0 |
0.1 |
0.5 |
1.2 |
0.0 |
0.3 |
2.1 |
3.4 |
Oct. |
0.3 |
0.3 |
0.1 |
-0.6 |
0.3 |
0.2 |
0.4 |
0.7 |
0.3 |
0.3 |
2.8 |
3.6 |
Nov. |
0.1 |
0.1 |
0.6 |
2.1 |
0.4 |
0.2 |
-0.1 |
-0.6 |
-0.2 |
0.1 |
2.9 |
3.6 |
Dec. |
0.5 |
0.4 |
0.5 |
0.3 |
2.2 |
0.1 |
0.5 |
0.5 |
2.5 |
0.3 |
3.5 |
3.6 |
2025 |
|
Jan. |
0.7 |
0.4 |
0.7 |
1.0 |
2.0 |
0.2 |
0.7 |
1.2 |
0.6 |
0.4 |
3.8 |
3.5 |
Feb. |
0.1 |
0.4 |
0.3 |
1.6 |
-1.4 |
0.3 |
0.1 |
-0.8 |
0.0 |
0.5 |
3.4 |
3.6 |
Mar. |
-0.1 |
0.2 |
-0.9 |
-2.1 |
-3.9 |
0.3 |
0.2 |
0.5 |
-0.9 |
0.3 |
3.2 |
3.5 |
Apr. |
-0.3 |
-0.2 |
0.0 |
-0.9 |
-0.3 |
0.3 |
-0.3 |
-0.4 |
0.1 |
-0.4 |
2.5 |
2.8 |
May |
0.3 |
0.1 |
0.1 |
0.0 |
-0.3 |
0.2 |
0.4 |
1.1 |
0.1 |
0.1 |
2.7 |
2.8 |
June |
0.0 |
0.0 |
0.3 |
0.2 |
0.6 |
0.3 |
-0.1 |
0.0 |
-0.9 |
-0.1 |
2.3 |
2.5 |
Intermediate Demand by Commodity Type
Within intermediate demand in June, prices for processed goods edged up 0.1 percent, the index for
unprocessed goods rose 0.7 percent, and prices for services declined 0.1 percent. (See tables B and
C.)
Processed goods for intermediate demand: The index for processed goods for intermediate
demand edged up 0.1 percent in June, the third consecutive increase. The June rise can be attributed
to prices for processed energy goods, which advanced 0.6 percent. In contrast, prices for processed
foods and feeds declined 0.3 percent, while the index for processed materials less foods and energy
was unchanged. For the 12 months ended in June, prices for processed goods for intermediate
demand rose 1.9 percent, the largest 12-month advance since increasing 2.1 percent in February
2023.
Product detail: Leading the June increase in prices for processed goods for intermediate demand, the
index for natural gas to electric utilities jumped 12.1 percent. Prices for industrial electric power,
gasoline, fertilizer materials, and meats also rose. Conversely, the indexes for animal and marine
feed, commercial electric power, thermoplastic resins and plastics materials, and particleboard and
fiberboard also fell.
Unprocessed goods for intermediate demand: The index for unprocessed goods for intermediate
demand rose 0.7 percent in June, the largest increase since jumping 5.8 percent in January. Nearly
two-thirds of the June advance can be traced to prices for unprocessed energy materials, which
moved up 1.4 percent. The index for unprocessed nonfood materials less energy rose 1.1 percent. In
contrast, prices for unprocessed foodstuffs and feedstuffs declined 0.2 percent. For the 12 months
ended in June, the index for unprocessed goods for intermediate demand fell 1.3 percent.
Product detail: Over half of the June rise in prices for unprocessed goods for intermediate demand is
attributable to the index for natural gas, which advanced 5.9 percent. Prices for slaughter cattle,
slaughter poultry, carbon steel scrap, slaughter hogs, and coal also increased. Conversely, the index
for ungraded chicken eggs dropped 25.0 percent. Prices for aluminum base scrap and for crude
petroleum also declined.
Table B. Monthly and 12-month percent changes in selected intermediate demand price indexes for goods by commodity type, seasonally adjusted
| Month |
Processed goods for intermediate demand |
Unprocessed goods for intermediate demand |
| Total |
Foods
and
feeds |
Energy
goods |
Less
foods
and
energy |
Total,
change
from 12
months
ago
(unadj.) |
Total |
Foodstuffs
and
feedstuffs |
Energy
materials |
Nonfood
materials
less
energy |
Total,
change
from 12
months
ago
(unadj.) |
2024 |
|
June |
-0.1 |
0.6 |
-0.9 |
0.0 |
-0.2 |
0.5 |
-1.2 |
3.1 |
-0.9 |
1.7 |
July |
0.5 |
1.0 |
2.4 |
0.0 |
0.8 |
2.0 |
1.6 |
3.2 |
0.8 |
1.4 |
Aug. |
-0.1 |
0.2 |
-0.8 |
0.1 |
-1.3 |
-3.2 |
-0.9 |
-6.7 |
-0.9 |
-3.9 |
Sept. |
-0.8 |
0.7 |
-4.1 |
-0.1 |
-2.7 |
-1.9 |
3.1 |
-9.6 |
1.5 |
-8.2 |
Oct. |
0.3 |
-0.2 |
1.0 |
0.2 |
-1.4 |
2.3 |
-1.5 |
7.6 |
1.1 |
-4.2 |
Nov. |
0.1 |
0.6 |
-0.5 |
0.1 |
-0.6 |
0.0 |
2.6 |
-3.0 |
0.2 |
-2.2 |
Dec. |
0.2 |
0.3 |
1.1 |
-0.1 |
0.1 |
2.9 |
1.2 |
8.0 |
-1.7 |
4.5 |
2025 |
|
Jan. |
1.0 |
0.8 |
3.6 |
0.4 |
1.0 |
5.8 |
2.4 |
12.3 |
1.3 |
8.3 |
Feb. |
0.4 |
2.0 |
-0.1 |
0.3 |
0.3 |
0.2 |
4.0 |
-4.2 |
1.4 |
9.3 |
Mar. |
-0.1 |
-0.4 |
-2.8 |
0.6 |
0.7 |
-4.0 |
-5.9 |
-5.0 |
1.0 |
6.5 |
Apr. |
0.3 |
-0.9 |
0.0 |
0.5 |
0.4 |
-3.8 |
-3.4 |
-7.2 |
0.8 |
0.2 |
May |
0.1 |
0.7 |
-1.9 |
0.5 |
1.7 |
-2.0 |
1.2 |
-6.0 |
-1.5 |
-1.7 |
June |
0.1 |
-0.3 |
0.6 |
0.0 |
1.9 |
0.7 |
-0.2 |
1.4 |
1.1 |
-1.3 |
Services for intermediate demand: The index for services for intermediate demand inched down
0.1 percent in June after advancing 0.1 percent in May. Leading the decline, prices for services for
intermediate demand less trade, transportation, and warehousing fell 0.1 percent. Margins for trade
services for intermediate demand decreased 0.3 percent. In contrast, the index for transportation and
warehousing services for intermediate demand rose 0.2 percent. For the 12 months ended in June,
prices for services for intermediate demand increased 1.4 percent.
Product detail: Within services for intermediate demand in June, prices for deposit services (partial)
fell 5.4 percent. The indexes for gross rents for office buildings, business loans (partial), food and
alcohol wholesaling, and airline passenger services also moved lower. Conversely, prices for freight
forwarding rose 8.0 percent. The indexes for gross rents for retail properties; portfolio management;
and hardware, building materials, and supplies retailing also advanced.
Table C. Monthly and 12-month percent changes in selected intermediate demand price indexes for services by commodity type, seasonally adjusted
| Month |
Services for intermediate demand |
| Total |
Trade |
Transportation
and
warehousing |
Other |
Total, change
from 12 months
ago (unadj.) |
2024 |
|
June |
0.5 |
0.8 |
-0.3 |
0.5 |
4.0 |
July |
0.3 |
0.4 |
0.7 |
0.2 |
3.6 |
Aug. |
0.1 |
0.2 |
-0.2 |
0.2 |
3.8 |
Sept. |
0.2 |
0.3 |
0.1 |
0.2 |
3.6 |
Oct. |
0.1 |
0.2 |
0.3 |
0.0 |
3.8 |
Nov. |
-0.2 |
0.7 |
0.1 |
-0.4 |
3.0 |
Dec. |
0.6 |
-0.1 |
1.2 |
0.6 |
3.1 |
2025 |
|
Jan. |
0.1 |
0.9 |
0.4 |
-0.2 |
2.4 |
Feb. |
0.0 |
0.4 |
0.1 |
-0.1 |
2.5 |
Mar. |
0.3 |
2.5 |
-0.2 |
-0.2 |
2.6 |
Apr. |
-0.2 |
-2.0 |
0.3 |
0.2 |
2.1 |
May |
0.1 |
-0.3 |
-0.1 |
0.2 |
1.9 |
June |
-0.1 |
-0.3 |
0.2 |
-0.1 |
1.4 |
Intermediate Demand by Production Flow
Stage 4 intermediate demand: In June, prices for stage 4 intermediate demand were unchanged for
the second consecutive month. In June, the index for total goods inputs to stage 4 intermediate
demand increased 0.2 percent. In contrast, prices for total services inputs edged down 0.1 percent.
(See table D.) Advances in the indexes for industrial electric power, portfolio management, gross
rents for retail properties, machinery and equipment parts and supplies wholesaling, and natural gas
to electric utilities offset declines in the indexes for gross rents for office buildings; commercial
electric power; deposit services (partial); securities brokerage, dealing, and investment advice; and
food and alcohol wholesaling. For the 12 months ended in June, prices for stage 4 intermediate
demand rose 2.2 percent.
Stage 3 intermediate demand: Prices for stage 3 intermediate demand decreased 0.2 percent in June
following a 0.2-percent increase in May. In June, the index for total goods inputs to stage 3
intermediate demand fell 0.4 percent, while prices for total services inputs were unchanged. Declines
in the indexes for ungraded chicken eggs, raw milk, deposit services (partial), paper and plastics
products wholesaling, thermoplastic resins and plastics materials, and jet fuel outweighed rising
prices for slaughter cattle, slaughter poultry, and freight forwarding. For the 12 months ended in June,
the index for stage 3 intermediate demand advanced 1.4 percent.
Stage 2 intermediate demand: The index for stage 2 intermediate demand increased 0.2 percent in
June, the first advance since moving up 1.9 percent in January. In June, prices for total goods inputs
to stage 2 intermediate demand rose 0.6 percent. Conversely, the index for total services inputs
decreased 0.2 percent. Increasing prices for natural gas, freight forwarding, maintenance and repair
of nonresidential buildings (partial), coal, legal services, and non-corrugated paperboard outweighed
declines in the indexes for deposit services (partial), business loans (partial), and natural gas liquids.
For the 12 months ended in June, prices for stage 2 intermediate demand fell 1.1 percent, the largest
12-month decrease since moving down 1.9 percent in September 2024.
Stage 1 intermediate demand: The index for stage 1 intermediate demand inched down 0.1 percent
in June after advancing 0.1 percent in May. In June, prices for total services inputs to stage 1
intermediate demand fell 0.2 percent. In contrast, the index for total goods inputs rose 0.1 percent.
Decreasing prices for traveler accommodation services; airline passenger services; gross rents for
office buildings; commercial electric power; and securities brokerage, dealing, and investment advice
outweighed increases in the indexes for natural gas to electric utilities; hardware, building materials,
and supplies retailing; gross rents for retail properties; and fertilizer materials. For the 12 months
ended in June, prices for stage 1 intermediate demand advanced 1.9 percent.
Table D. Monthly percent changes in selected intermediate demand price indexes by production flow, seasonally adjusted
| Month |
Stage 4 intermediate
demand |
Stage 3 intermediate
demand |
Stage 2 intermediate
demand |
Stage 1 intermediate
demand |
| Total |
Goods
inputs |
Services
inputs |
Total |
Goods
inputs |
Services
inputs |
Total |
Goods
inputs |
Services
inputs |
Total |
Goods
inputs |
Services
inputs |
2024 |
|
June |
0.1 |
-0.1 |
0.3 |
0.0 |
-0.3 |
0.3 |
0.7 |
1.2 |
0.5 |
0.1 |
-0.3 |
0.5 |
July |
0.5 |
0.1 |
0.8 |
0.7 |
1.2 |
0.3 |
0.6 |
1.5 |
-0.1 |
0.6 |
0.7 |
0.5 |
Aug. |
0.0 |
0.0 |
0.1 |
-0.2 |
-0.4 |
0.0 |
-1.1 |
-2.9 |
0.2 |
0.1 |
-0.1 |
0.2 |
Sept. |
0.0 |
0.1 |
-0.1 |
-0.1 |
-0.5 |
0.3 |
-1.2 |
-3.7 |
0.6 |
-0.5 |
-0.9 |
-0.1 |
Oct. |
0.2 |
0.1 |
0.3 |
0.0 |
-0.1 |
0.0 |
1.3 |
3.3 |
0.0 |
0.1 |
0.2 |
0.0 |
Nov. |
0.1 |
0.3 |
-0.1 |
0.1 |
0.6 |
-0.3 |
-0.8 |
-1.4 |
-0.4 |
-0.1 |
0.0 |
-0.1 |
Dec. |
0.5 |
0.2 |
0.7 |
0.3 |
0.2 |
0.5 |
1.4 |
2.7 |
0.5 |
0.4 |
0.0 |
0.8 |
2025 |
|
Jan. |
0.4 |
0.5 |
0.4 |
1.0 |
2.0 |
0.3 |
1.9 |
5.5 |
-0.5 |
0.9 |
1.2 |
0.6 |
Feb. |
0.2 |
0.3 |
0.1 |
0.5 |
1.4 |
-0.3 |
-0.7 |
-1.5 |
-0.1 |
0.3 |
0.5 |
0.1 |
Mar. |
0.2 |
0.0 |
0.3 |
-0.5 |
-1.7 |
0.5 |
-0.6 |
-2.1 |
0.4 |
0.2 |
0.0 |
0.4 |
Apr. |
0.1 |
0.5 |
-0.2 |
-0.5 |
-1.1 |
-0.1 |
-1.1 |
-2.7 |
0.0 |
-0.1 |
0.2 |
-0.4 |
May |
0.0 |
0.2 |
-0.2 |
0.2 |
0.3 |
0.1 |
-0.9 |
-2.1 |
-0.1 |
0.1 |
0.1 |
0.1 |
June |
0.0 |
0.2 |
-0.1 |
-0.2 |
-0.4 |
0.0 |
0.2 |
0.6 |
-0.2 |
-0.1 |
0.1 |
-0.2 |
________________
The Producer Price Index for July 2025 is scheduled to be released on Thursday, August 14, 2025,
at 8:30 a.m. (ET).
*****
Resampling of Industries - June 2025
Effective with the release of data for June 2025, the Producer Price Index (PPI) includes data for
11 resampled industries classified according to the 2022 North American Industry Classification
System (NAICS). The Bureau of Labor Statistics periodically updates the sample of producers
providing data for the PPI to reflect current conditions more accurately when the structure,
membership, technology, or product mix of an industry shifts. The first results of this systematic
process were published in July 1986. Subsequent efforts have been completed at regular
intervals.
For information on index additions, deletions, and recodes effective June 2025, see the current
issue of the PPI Detailed Report online at www.bls.gov/ppi/detailed-report/ppi-detailed-report-
june-2025.pdf, or contact the PPI Section of Index Analysis and Public Information at ppi-
info@bls.gov or (202) 691-7705.
NAICS
Code Industry
212326 Industrial sand mining*
236223 New office building construction
312230 Tobacco manufacturing
321911 Wood window and door manufacturing
321912 Cut stock, resawing lumber, and planing
331410 Nonferrous metal (except aluminum) smelting and refining
333248 All other industrial machinery manufacturing
335999 Miscellaneous electrical equipment manufacturing
336510 Railroad rolling stock manufacturing
524114 Direct health and medical insurance carriers
623110 Nursing care facilities
* PPI-constructed NAICS-based code 212326 is equivalent to and replaces the PPI for NAICS 212322,
which was discontinued in December 2022.
*****
BLS to Discontinue Selected PPIs
With the release of Producer Price Index (PPI) data for July 2025 on August 14, 2025, BLS will
end calculation and publication of 5 Final Demand-Intermediate Demand (FD-ID) indexes,
listed below.
FD-ID code FD-ID Title
FD49103 Final demand less foods, food and nonalcoholic beverages for immediate consumption,
and energy
FD49105 Final demand less foods and food and nonalcoholic beverages for immediate
consumption
FD49202 Total finished less foods, food and nonalcoholic beverages for immediate
consumption, and energy
FD49204 Total finished less foods and food and nonalcoholic beverages for immediate
consumption
ID69215 Nonfood materials excluding fuel for manufacturing, excluding selected items
In addition, with the release of July 2025 PPI data, BLS will stop calculation and publication of
about 350 PPIs from the industry, commodity, and special index categories. Details of these
index eliminations are available at www.bls.gov/ppi/notices/2025/bls-to-discontinue-selected-
ppis.htm.
For further information, contact the PPI Section of Index Analysis and Public Information at
ppi-info@bls.gov or (202) 691-7705.
United States Department of Labor
