Producer prices up in June
July 14, 2003
The Producer Price Index for Finished Goods advanced 0.5 percent in June, seasonally adjusted. This index decreased 0.3 percent in May and 1.9 percent in April.
The index for finished energy goods advanced 3.4 percent in June, after posting a 2.6-percent decrease a month earlier. Prices for finished consumer foods rose at a 0.4-percent rate in June, after inching up at a 0.1-percent rate in the prior month. Prices for finished goods other than foods and energy inched down at a 0.1-percent rate in June, following a 0.1-percent advance in May.
During the first six months of 2003, the finished goods index moved up at a seasonally adjusted annual rate of 4.8 percent, compared with a 1.0-percent rate of increase during the latter half of 2002. Within the finished goods category, prices for finished consumer foods went up at a 7.6-percent seasonally adjusted annual rate from December 2002 to June 2003, after increasing at a 0.4-percent rate from June 2002 to December 2002.
Following a 12.0-percent rate of advance during the second half of 2002, the index for finished energy goods rose at a seasonally adjusted annual rate of 19.2 percent in the first half of 2003. Prices for finished goods other than foods and energy rose at a 0.5-percent seasonally adjusted annual rate over the first half of 2003, after falling at a 1.1-percent rate in the latter half of 2002.
From June 2002 to June 2003, prices for finished goods rose 2.9 percent.
These data are from the BLS Producer Price Index program. Find out more in "Producer Price Indexes, June 2003" (PDF) (TXT), news release USDL 03–371. 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 up in June on the Internet at http://www.bls.gov/opub/ted/2003/jul/wk2/art01.htm (visited October 31, 2014).
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