Input Stories

The Producer Price Index for final demand (also known as wholesale prices) stayed the same over the month in June, after rising 0.3% in May. Over the year, producer prices moved up 2.3%, down from the 2.7% hike in May. Meanwhile, prices for final demand excluding foods, energy and trade services also stayed the same over the month in June, after inching up 0.1% in May. On the other hand, prices for these goods advanced 2.5% from June 2024.

In June, prices for final demand services edged down 0.1%, while prices for final demand goods rose 0.3%, the largest monthly increase since February. Over half of the decline in final demand services is attributed to a 4.1% drop in traveler accommodation services prices. Meanwhile, over half of the increase in final demand goods arose from the 0.3% gain in final demand for goods less foods and energy. Within the index, prices for communication and related equipment climbed 0.8% over the month and 6.0% from June 2024. In addition, prices for private capital equipment for manufacturing industries jumped 4.2% over the year, the largest yearly increase since October 2023.

Processed goods for intermediate demand rose 0.1% in June, the same rate of increase as May. The rise can be attributed to a 0.6% gain in the index for processed energy goods. Meanwhile, the index for processed foods and feeds fell 0.3%. Over the year, the index grew 1.9%, the largest 12-month increase since the 2.1% rise in February 2023.

Meanwhile, prices for unprocessed goods for intermediate demand advanced 0.7% in June, the largest increase since January. Nearly two-thirds of the June gain can be traced to a 1.4% hike in the prices for unprocessed energy materials. Additionally, prices for unprocessed nonfood materials less energy rose 1.1%. Over the year, prices for unprocessed goods for intermediate demand declined 1.3%.