Producer Price Index in June 2012

July 16, 2012

The Producer Price Index for finished goods increased 0.1 percent in June, seasonally adjusted. Prices for finished goods declined 1.0 percent in May, and declined 0.2 and 0.1 percent, respectively, in April and March.

1-month percent change in the Producer Price Index for consumer foods and energy goods, seasonally adjusted, June 2011–June 2012
[Chart data]

The index for finished consumer foods moved up 0.5 percent in June, the largest advance since a 1.0-percent rise in November 2011. Over ninety percent of the June increase can be traced to prices for meats, which moved up 3.1 percent.

In June, prices for finished energy goods fell 0.9 percent, the fourth straight decline. The residential electric power index was a significant factor in the decrease, dropping 2.1 percent.

Prices for finished goods less foods and energy advanced 0.2 percent in June, the fourth consecutive monthly increase. The index for light motor trucks moved up 1.4 percent, accounting for seventy percent of the increase.

These data are from the BLS Producer Price Index program. To learn more, see “Producer Price Indexes — June 2012” (HTML) (PDF), news release USDL-12-1382. All producer prices are routinely subject to review once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index in June 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120716.htm (visited July 30, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.