The Bureau of Labor Statistics (BLS) reported today (7-14-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 1.1% in June. This rise followed advances of 0.9% in May, 0.4% in April, 1.6% in March, 1.1% in February, and 1.2% in January. On an unadjusted basis, final demand prices moved up 11.3% for the 12 months ending in June. This is the largest increase since a record high 11.5% jump in March of 2022.
In June, three-fourths of the advance in the index for final demand was due to a 2.4% rise in prices for final demand goods. The index for final demand services increased 0.4%.
Prices for final demand less foods, energy, and trade services moved up 0.3% in June after advancing 0.4% in both May and April. For the 12 months ending in June, the index for final demand less foods, energy, and trade services rose 6.4%.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
PRODUCER PRICE INDEXES – JUNE 2022