(202) 606-7705 This Release Is Embargoed — 1999-07-14

The Producer Price Index for Finished Goods declined 0.1 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decrease follows a 0.2-percent increase in May and a 0.5-percent advance in April. The index for finished goods other than foods and energy fell 0.2 percent in June, after rising 0.1 percent a month earlier. Excluding a 1.3-percent decline in passenger cars and a 0.7-percent decrease in light motor trucks, the indexes for finished goods and for finished goods other than foods and energy showed no change in June. Prices received by manufacturers of intermediate goods rose 0.4 percent, following a 0.2-percent increase in the prior month. The crude goods index advanced 1.4 percent, after rising 5.5 percent in May. (See table A.) Table A.