The U.S. Bureau of Labor Statistics (BLS) is reporting that the Producer Price Index (PPI) for final demand increased to a seasonally adjusted 0.6% in July. The increase follows a -0.2% decline in June and a 0.4% increase in May. The July increase is the largest rise since a 0.7% increase in October 2018. On an unadjusted basis, the final demand index moved down -0.4% for the 12 months ended in July. The July advance in the final demand index was led by a 0.5% rise in prices for final demand services. The index for final demand goods also moved higher, increasing 0.8% in July. Prices for final demand less foods, energy, and trade services advanced 0.3% in July, the same as in June. For the 12 months ended in July, the index for final demand less foods, energy, and trade services edged up 0.1%, following three straight 12-month declines.
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 Index News Release