The Producer Price Index for final demand fell 0.5 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. On an unadjusted basis, final demand prices moved up 9.8 percent for the 12 months ended in July.
The index for final demand goods fell 1.8 percent in July, the largest decline since moving down 2.7 percent in April 2020. Eighty percent of the July decline in the index for final demand goods is attributable to gasoline prices, which fell 16.7 percent.
Prices for final demand less foods, energy, and trade services moved up 0.2 percent in July following a 0.3-percent rise in June. For the 12 months ended in July, the index for final demand less foods, energy, and trade services increased 5.8 percent.
Source: United States Bureau of Labor Statistics
Post by: Republic of Türkiye Ministry of Trade