Producer Price Index for Final Demand Increases 1.0% in June

The Bureau of Labor Statistics (BLS) reported today (7-14-21) that the Producer Price Index for final demand, seasonally adjusted, increased 1.0% in June. Final demand prices rose 0.8% in May, 0.6% in April, 1.0% in March and 0.5% in February. On an unadjusted basis, the final demand index moved up 7.3% for the 12 months ended in June — the largest advance since 12-month data were first calculated in November 2010. About 60% of the June advance in the final demand index can be traced to a 0.8% increase in prices for final demand goods. The index for final demand goods moved up 1.2%. Prices for final demand less foods, energy, and trade services rose 0.5 % in June following an increase of 0.7% in May. For the 12 months ended in June, the index for final demand less foods, energy, and trade services moved up 5.5% — the largest advance since 12-month data were first calculated in August 2014.