U.S. Producer Price Index for Final Demand Increase Month-Over-Month in June 2024

The Bureau of Labor Statistics (BLS) reported on Friday (7-12-24), that the Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.2% in June. Final demand prices were unchanged in May and had increased 0.5% in April. On an unadjusted basis, the index for final demand rose 2.6% for the 12 months ended in June, the largest advance since moving up 2.7% for the 12 months ended March 2023.

The BLS is reporting the June increase in the index for final demand can be traced to a 0.6% increase in prices for final demand services. In contrast, the index for final demand goods decreased 0.5%.

The index for final demand less foods, energy, and trade services were unchanged in June following a 0.2% increase in May, a 0.5% increase in April. For the 12 months ended in June, the index for final demand less foods, energy, and trade services moved up 3.1%.