June 2012 Producer Price Index — 2012-07-13

The Producer Price Index for finished goods increased 0.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods moved down 1.0 percent in May and declined 0.2 percent in April. At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.5 percent in June, and the crude goods index fell 3.6 percent. On an unadjusted basis, prices for finished goods advanced 0.7 percent for the 12 months ended in June, the same rate as in May. (See table A.) In June, the increase in finished goods prices was led by the index for finished goods less foods and energy, which moved up 0.2 percent. Prices for finished consumer foods rose 0.5 percent. By contrast, the index for finished energy goods declined 0.9 percent. Finished core: In June, prices for finished goods less foods and energy advanced 0.2 percent for the fourth consecutive month.