U.S. Producer Prices Rise 0.4% in June

[mahatmakanejeeves]

Source: The Wall Street Journal.

Economy | Economic Data
Rise comes mainly from energy goods prices, which increased 2.4% from May

By Josh Mitchell And Eric Morath
[e-mail]
[e-mail]

July 15, 2015 8:34 a.m. ET

WASHINGTON—U.S. companies fetched higher prices for goods and services in June, a sign inflation is slowly picking up from historically weak levels.

The producer-price index, measuring the prices at which companies sell goods and services, rose a seasonally adjusted 0.4% in June after jumping 0.5% in May, the Labor Department said Wednesday. ... Core prices, which strip out volatile energy and food components, grew 0.3% in June, the biggest jump since October.

Prices last month increased more than most analysts expected. Economists surveyed by The Wall Street Journal predicted overall producer prices to climb 0.2% and core prices to climb 0.1%.
....

Other measures show inflation remains subdued. Prices of imported goods fell 0.1% in June from May and were down 10% from a year earlier, the Labor Department said Tuesday.

Read more: http://www.wsj.com/articles/u-s-producer-prices-rise-0-4-in-june-1436963679

---

PPI for final demand rises 0.4% in June; goods increase 0.7% and services advance 0.3%

Producer Price Index News Release text
USDL-15-1351
Transmission of material in this release is embargoed until 8:30 a.m. (EDT), Wednesday, July 15, 2015

Technical information: [phone] * [e-mail] * www.bls.gov/ppi
Media contact: [phone] * [e-mail]

PRODUCER PRICE INDEXES - JUNE 2015

The Producer Price Index for final demand advanced 0.4 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.5 percent in May and declined 0.4 percent in April. On an unadjusted basis, the final demand index moved down 0.7 percent for the 12 months ended in June, the fifth straight 12-month decrease. (See table A.)

In June, nearly two-thirds of the increase in the final demand index can be attributed to prices for final demand goods, which rose 0.7 percent. The index for final demand services advanced 0.3 percent.

Within intermediate demand, prices for processed goods climbed 0.7 percent, the index for unprocessed goods jumped 1.2 percent, and prices for services moved up 0.4 percent. (See tables B and C.)

Final Demand

Final demand goods: The index for final demand goods moved up 0.7 percent in June after rising 1.3 percent a month earlier. Almost 60 percent of the broad-based advance in June is attributable to prices for final demand energy, which climbed 2.4 percent. The indexes for final demand goods less foods and energy and for final demand foods increased 0.4 percent and 0.6 percent, respectively.

U.S. Import Prices Fall 0.1% in June

By Jeffrey Sparshott
@jeffsparshott
[e-mail]

Updated July 14, 2015 9:46 a.m. ET

WASHINGTON—Prices for imported goods fell in June, a reminder of the strong dollar and soft overseas growth that are constraining the U.S. economy.

Import prices decline 0.1% in June, while export prices fall 0.2%

U.S. Import and Export Price Indexes
USDL-15-1350
Transmission of material in this release is embargoed until 8:30 a.m. (EDT) Tuesday, July 14, 2015

Technical information: [phone] * [e-mail] * www.bls.gov/mxp
Media contact: [phone] * [e-mail]

U.S. IMPORT AND EXPORT PRICE INDEXES - JUNE 2015

The price index for U.S. imports edged down 0.1 percent in June following a 1.2-percent increase the previous month, the U.S. Bureau of Labor Statistics reported today. The June drop was led by lower nonfuel prices, which more than offset an increase in fuel prices. U.S. export prices fell 0.2 percent in June, after rising 0.6 percent in May.

[groundloop]

1. Since goods are selling for more it naturally follows that workers will be paid more

[DemocratSinceBirth]

2. A little inflation is good with the emphasis on little.

eom