June 2024 Producer Price Index — 2024-07-12

The Producer Price Index for final demand advanced 0.2 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in May and increased 0.5 percent in April. (See table A.) On an unadjusted basis, the index for final demand rose 2.6 percent for the 12 months ended in June, the largest advance since moving up 2.7 percent for the 12 months ended March 2023. The June rise in the index for final demand can be traced to a 0.6-percent increase in prices for final demand services. In contrast, the index for final demand goods decreased 0.5 percent. Prices for final demand less foods, energy, and trade services were unchanged in June following a 0.2-percent advance in May. For the 12 months ended in June, the index for final demand less foods, energy, and trade services moved up 3.1 percent.