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Producer Prices in July 2010

August 20, 2010

On an unadjusted basis, prices for finished goods advanced 4.2 percent for the 12 months ended July 2010, their ninth consecutive 12-month increase.

Producer Price Index for Finished Goods, 12-month percent change, July 2009July 2010, not seasonally adjusted
[Chart data]

For the 12 months ended July 2010, prices for finished consumer foods increased 4.4 percent; for finished energy goods, 12.4 percent; and for finished goods less foods and energy, 1.5 percent.

Over the month, the Producer Price Index for Finished Goods rose 0.2 percent in July, seasonally adjusted. This advance followed a 0.5-percent decline in June and a 0.3-percent decrease in May.

The increase in the index for finished goods can be traced to higher prices for finished goods other than foods and energy, which rose 0.3 percent. Also contributing to the advance in finished goods prices, the index for consumer foods moved up 0.7 percent. By contrast, the finished energy goods index fell 0.9 percent in July.

These data are from the BLS Producer Price Index program. See "Producer Price Indexes — July 2010" (HTML) (PDF), news release USDL-10-1140, for more information. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Prices in July 2010 on the Internet at http://www.bls.gov/opub/ted/2010/ted_20100820.htm (visited October 20, 2014).

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