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US producer prices fall in July

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US producer prices fall in July

U.S. producer prices declined 0.1% in July, after increasing by 0.1% in June, according to the U.S. Bureau of Labor Statistics.

More than 80% of the decrease in final demand prices is attributable to final demand services, which decreased 0.2% in July after a 0.2% rise in the previous month. Prices for final demand goods decreased 0.1% in July, following a 0.1% increase in June.

The index for final demand less food, energy and trade services was unchanged in July, following a 0.2% advance in June.

On an unadjusted basis, the final demand index increased 1.9% for the 12 months ended in July.