US PPI Data For July
According to the U.S. Bureau of Labor Statistics, the PPI (Producer Price Index) for final demand remained at the same level in July, seasonally adjusted. Final demand prices rose 0.3% in June and 0.5% in May. In unadjusted term, the final demand index grew 3.3% for the year to July.
The index for final demand excluding foods, energy, and trade services surged 0.3% in July, unchanged from June. For the year to July, prices for final demand excluding foods, energy, and trade services were up 2.8%.
The index for final demand goods lifted 0.1% in July, unchanged from the previous month. Prices for final demand energy dropped 0.5%. The index for final demand foods was down 0.1%. The index for pharmaceutical preparations grew 0.7%. Prices for eggs for fresh use, fresh fruits and melons, motor vehicles, and liquefied petroleum gas increased as well. The electric power index declined 1.6%. Prices for meats; hay, hayseeds, and oilseeds; and nonferrous scrap also weakened.
Prices for final demand services reduced 0.1% in July. Prices for final demand services excluding trade, transportation, and warehousing and the index for final demand transportation and warehousing services both rose 0.3%. Margins for fuels and lubricants retailing fell 12.7%. The indexes for machinery and equipment parts and supplies wholesaling, food retailing, hospital outpatient care, and airline passenger services dropped as well. Prices for guestroom rental increased 3.9%. The indexes for apparel, jewelry, footwear, and accessories retailing; inpatient care; and truck transportation of freight also improved.