Producer Price Index up 0.4 percent in June 2014

July 17, 2014

The Producer Price Index for final demand rose 0.4 percent in June, seasonally adjusted, following a 0.2-percent decline in May and a 0.6-percent advance in April. The June increase can be traced to a 0.5-percent advance in the index for final demand goods and a 0.3-percent rise in the index for final demand services.

One-month percent changes in selected PPI final demand price indexes, seasonally adjusted, June 2013–June 2014
MonthTotal final demandFinal demand, goodsFinal demand, services

Jun 2013

0.50.30.6

Jul 2013

0.30.10.5

Aug 2013

-0.10.0-0.1

Sep 2013

0.1-0.10.2

Oct 2013

0.30.10.3

Nov 2013

0.0-0.10.0

Dec 2013

0.00.4-0.2

Jan 2014

0.30.50.1

Feb 2014

0.20.20.3

Mar 2014

0.10.00.1

Apr 2014

0.60.60.6

May 2014

-0.2-0.2-0.2

Jun 2014

0.40.50.3

The June increase of 0.5 percent in the index for final demand goods follows a 0.2-percent decrease in May. Nearly 90 percent of the advance can be traced to prices for final demand energy, which climbed 2.1 percent in June. The index for final demand goods less foods and energy edged up 0.1 percent, while the index for final demand foods declined 0.2 percent.

Prices for final demand services increased 0.3 percent in June after falling 0.2 percent in May. Nearly two-thirds of the broad-based advance can be attributed to the index for final demand services less trade, transportation, and warehousing, which moved up 0.3 percent. Prices for final demand trade services rose 0.2 percent. The index for final demand transportation and warehousing services increased 0.3 percent

These data are from the BLS Producer Price Indexes program. To learn more, see “Producer Price Indexes — June 2014” (HTML) (PDF), news release USDL‑14‑1310. 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. Final demand includes goods, services, and construction that are sold for personal consumption, capital investment, government purchases, and export.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index up 0.4 percent in June 2014 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140717.htm (visited October 01, 2014).

OF INTEREST

Three recent editions of Spotlight on Statistics