In June, most of the broad-based rise in finished goods prices can be traced to the index for finished energy goods, which increased 2.9 percent. Also contributing to the advance in finished goods prices,the indexes for finished goods less foods and energy and for finished consumer foods both moved up 0.2 percent.
Prices for finished energy goods climbed 2.9 percent in June, the largest rise since a3.2-percent increase in February 2013. The June advance is mostly attributable to a 7.2-percent jump inthe index for gasoline. Higher prices for home heating oil and diesel fuel also contributed to the rise inthe finished energy goods index. (See table 2.)
The index for finished goods less foods and energy moved up 0.2 percent in June, theeighth consecutive advance. A major contributor to the June increase were prices for passenger cars,which rose 0.8 percent. An advance in the index for light motor trucks also was a factor in higher finished core prices.
Prices for finished consumer foods advanced 0.2 percent in June following a 0.6- percent increase in May. The June rise was led by the index for meats, which moved up 4.2 percent.
The Producer Price Index for intermediate materials, supplies, and components advanced 0.5 percent inJune after three consecutive declines. Accounting for over eighty percent of the broad-based increase, prices for intermediate energy goods rose 2.0 percent. The index for intermediate materials less foodsand energy inched up 0.1 percent, and prices for intermediate foods and feeds climbed 0.7 percent. For the 12 months ended in June, the intermediate goods index advanced 1.1 percent, the first 12-monthincrease since a 1.3-percent rise in February 2013. (See table B.)
Prices for intermediate energy goods increased 2.0 percent in June following a0.5-percent rise in May. A major factor in the June advance was the electric power index, which moved up 0.5 percent. Higher prices for gasoline and jet fuel also were factors in the increase in theintermediate energy goods index. (See table 2.)
The index for intermediate materials less foods and energy inched up 0.1 percent inJune after two consecutive declines. Most of the June rise can be attributed to a 1.1-percent increase inthe index for basic organic chemicals. Higher prices for converted paper and paperboard products alsocontributed significantly to the advance in the intermediate core index.
Prices for intermediate foods and feeds climbed 0.7 percent in June following a1.1-percent rise in the prior month. A major factor in the June increase was a 1.5-percent advance in theindex for processed poultry. Higher prices for meats also contributed significantly to the rise in the indexfor intermediate foods and feeds.