No change in June PPI
July 18, 2005
The Producer Price Index for Finished Goods showed no change in June 2005, seasonally adjusted. This index had fallen 0.6 percent in May.
The index for finished energy goods climbed 2.0 percent in June. Over two-thirds of this upturn can be traced to gasoline prices, which went up 8.7 percent in June compared with a 9.9-percent drop a month earlier.
The index for finished consumer foods declined 1.1 percent in June. Prices for beef and veal dropped 8.0 percent in June. The indexes for fresh fruits and melons, eggs for fresh use, and for finfish and shellfish also moved down. By contrast, prices for fresh and dry vegetables advanced 7.4 percent in June. The dairy products index decreased in June, while prices for roasted coffee and for processed fruits and vegetables rose.
From June 2004 to June 2005, prices for finished goods advanced 3.6 percent, as shown in the chart. Over the same period, the index for finished energy goods jumped 13.2 percent, prices for finished goods other than foods and energy rose 2.2 percent, and the index for finished consumer foods inched up 0.1 percent.
These data are from the BLS Producer Price Index program. For more information, see "Producer Price Indexes -- June 2005" (PDF) (TXT), news release USDL 05-1294. 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, No change in June PPI on the Internet at https://www.bls.gov/opub/ted/2005/jul/wk3/art01.htm (visited February 24, 2020).
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