Producer prices decline in July
August 09, 2002
The Producer Price Index for Finished Goods declined 0.2 percent in July, seasonally adjusted. This decrease followed a 0.1-percent rise in June and a 0.4-percent decline in May.
At the earlier stages of processing, the intermediate goods index advanced at a 0.2-percent rate for the second consecutive month, and prices received by crude goods producers moved up 0.6 percent, following a 3.6-percent drop in June.
The index for finished goods other than foods and energy fell 0.3 percent in July, after posting a 0.2-percent increase in June. The index for finished consumer foods edged down 0.1 percent, following a 0.1-percent rise in the prior month. Prices for finished energy goods increased 0.1 percent in July, after showing no change in June.
Excluding passenger cars and light trucks, the index for finished goods would have shown no change and the index for finished goods other than foods and energy would have decreased 0.1 percent in July.
From July 2001 to July 2002, prices for finished goods fell 1.1 percent.
These data are a product of the BLS Producer Price Index program. Find out more in "Producer Price Indexes, July 2002" (PDF) (TXT), news release USDL 02-468. 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 prices decline in July on the Internet at http://www.bls.gov/opub/ted/2002/aug/wk1/art05.htm (visited April 18, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.