The Producer Price Index for final demand rose 0.2 percent in July, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. Final demand prices rose 0.4 percent in June and 0.5 percent in May. On an unadjusted basis, the final demand index declined 0.8 percent for the 12 months ended in July, the sixth straight 12-month decrease.
In July, the increase in the final demand index can be traced to prices for final demand services, which climbed 0.4 percent. In contrast, the index for final demand goods edged down 0.1 percent.
Within intermediate demand, prices for processed goods moved down 0.2 percent, the index for unprocessed goods fell 2.9 percent, and prices for services advanced 0.2 percent.
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