US Producer Price Index for Final Demand Holds Steady in July

On Thursday, the US Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for final demand held steady in July on a seasonally adjusted basis. This followed a 0.1% decrease in June.

On an unadjusted basis, the index was up 4.7% over the 12 months ending in July.

The monthly change reflected a 0.2% increase in prices for final demand services and a 2.2% advance in prices for final demand construction, offset by a 0.7% decrease in the index for final demand goods.

The index for final demand less foods, energy, and trade services rose 0.4% in July after a 0.1% increase in June. Year-over-year, the measure was up 4.7%.