June 2011 Producer Price Index — 2011-07-14

The Producer Price Index for finished goods decreased 0.4 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decline followed increases of 0.2 percent in May and 0.8 percent in April. At the earlier stages of processing, prices received by manufacturers of intermediate goods were unchanged in June, and the crude goods index moved down 0.6 percent. On an unadjusted basis, prices for finished goods climbed 7.0 percent for the 12 months ended June 2011. (See table A.) In June, the decline in finished goods prices can be attributed to the index for finished energy goods, which decreased 2.8 percent. By contrast, prices for finished goods less foods and energy and for finished consumer foods moved up 0.3 percent and 0.6 percent, respectively. Finished energy: The index for finished energy goods fell 2.8 percent in June, the largest drop since a 4.7-percent decrease in July 2009.