Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

1

Expensive Gas Pushes Producer Prices Higher

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The Producer Price Index for finished goods increased by a seasonally adjusted 0.8% for June, according to a Labor Department report (link opens as PDF) released today.

After falling 0.7% in April and increasing 0.5% in May, this latest report adds on a second straight month of price hikes for producers. Analysts had expected another increase but, as with May, their 0.5% estimate proved too conservative.

Source: BLS.gov 

While overall price gains were much larger than expected, most of the movement originated with volatile energy prices. A 7.2% jump in gasoline prices pushed overall finished energy goods to a 2.9% gain. Food also moved up a slight 0.2%, marking its eighth straight month of increases.

Excluding food and energy, producer price increases matched analyst expectations of a more modest 0.2% growth. Passenger car prices were the main driver behind this bump, up 0.8% for June.

Moving back along the supply chain, prices for intermediate goods are up 0.5% after three months of declines, while crude good costs remained steady.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2535246, ~/Articles/ArticleHandler.aspx, 7/3/2015 7:05:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Justin Loiseau
TMFJLo

Energy and Macroeconomic Specialist keeping investors up to date with macro news, utilities, and good companies doing good things.

Today's Market

updated 9 hours ago Sponsored by:
DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASD 5,009.21 -3.91 -0.08%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes


Advertisement