September 15, 2000 (The Editor’s Desk is updated each business day.)
Producer prices decline in August
The Producer Price Index for Finished Goods decreased 0.2 percent in August, seasonally adjusted. This index showed no change in July and increased 0.6 percent in June.
[Chart data—TXT]
The index for finished consumer foods dropped 0.7 percent in August, after showing no change in July. The finished energy goods index fell 0.2 percent in August, after decreasing 0.7 percent in July. The index for finished goods other than foods and energy edged up 0.1 percent in August, the same rate as in July.
From August 1999 to August 2000, prices for finished goods rose 3.3 percent. The main cause of this increase can be traced to a
15.3-percent advance in prices for finished energy goods. During the same period, prices for finished goods other than foods and energy rose 1.5 percent, and prices for finished consumer foods increased 0.7 percent.
These data are a product of the BLS Producer
Price Index program. Find out more in "Producer
Price Indexes, August 2000", news release USDL 00-268. 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.
Of interest
Follow BLS on Twitter
Get links to the latest BLS news releases on the BLS Twitter feed.
|