The Producer Price Index for Final Demand increased by 0.3% in July 2023, seasonally adjusted, reported the U.S. Bureau of Labor Statistics.
Final demand prices were unchanged in June and fell by 0.3% in May. The index for final demand on an unadjusted basis rose 0.8% in the 12 months ended in July.
Prices for final demand goods (minus services) rose 0.1%, attributable to a 0.5% increase in the index for final demand foods. The index for final demand less foods, energy and trade services rose 0.2% in July. For the 12 months that ended in July, the index for demand less foods, energy and trade services rose 2.7%.