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June Ppi

June Ppi

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Published by Becket Adams
June Ppi
June Ppi

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Published by: Becket Adams on Jul 12, 2013
Copyright:Attribution Non-commercial


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Transmission of material in this release is embargoed until
8:30 a.m. (EDT), Friday, July 12, 2013
Technical information: (202) 691-7705 • ppi-info@bls.gov • www.bls.gov/ppiMedia contact: (202) 691-5902 PressOffice@bls.gov
The Producer Price Index for finished goods increased 0.8 percent in June, seasonally adjusted, the U.S.Bureau of Labor Statistics reported today. Prices for finished goods rose 0.5 percent in May and fell 0.7 percent in April. At the earlier stages of processing, prices received by manufacturers of intermediategoods advanced 0.5 percent in June, and the crude goods index was unchanged. On an unadjusted basis, prices for finished goods moved up 2.5 percent for the 12 months ended June 2013, the largest 12-monthrise since a 2.8-percent increase in March 2012. (See table A.)
Chart 1. Monthly percent changes in the Producer Price Index for finished goods, seasonally adjusted:June 2012 – June 2013Chart 2. 12-month percent changes in the Producer Price Index for finished goods, not seasonally adjusted:June 2012 – June 2013 June'12 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June'13
Percent change June'12 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June'13
Percent change
Stage-of-Processing Analysis
Finished goods
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.
Finished energy:
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.)
Finished core:
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.
Finished foods:
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.
Intermediate goods
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.)
Intermediate energy:
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.)
Intermediate core:
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.
Intermediate foods:
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.

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