(202) 691-7705 This Release Is Embargoed — 2001-08-10

The Producer Price Index for Finished Goods declined 0.9 percent in July, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This index posted a 0.4-percent drop in June and increased 0.1 percent in May. The index for finished goods other than foods and energy rose 0.2 percent in July, after inching up 0.1 percent a month ago. Prices received by manufacturers of intermediate goods fell 1.0 percent, following a 0.1-percent decrease a month earlier. The crude goods index posted a 5.3-percent decline, after moving down 6.0 percent in June. (See table A.) 2001 Jan. 1.1 .9 4.4 .5 4.8 .8 17.5 Feb. .1 .8 .4 -.3 4.0 -.2 -14.5 Mar. r-.1 r.9 r-2.4 .1 r3.0 r-.3 r-6.7 Apr. r.4 r.5 r.8 .2 3.7 -.2 r.4 May .1 -.4 .2 .2 3.8 .1 -2.3 June -.4 .1 -2.5 .1 2.5 -.1 -6.0 July -.9 -.6 -5.8 .2 1.5 -1.0 -5.3 r=revised.