The Producer Price Index for Finished Goods increased 5 tenths of one percent in
June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported July 18.
Producer prices rose 9 tenths of a percent in April and 2 tenths of a percent in May. For the first six months of the year prices rose at an annual rate of 2.1 percent. During the second half of 2005, the PPI rose by 7.5 percent seasonally adjusted.
The slow down in prices reached back to earlier stages of processing and to crude goods as well. The PPI for intermediate goods climbed 7 tenths of a percent in June after increasing 1.1 percent in May. The crude goods index fell 1.7 percent following a 2-percent gain in May.
Prices for energy goods led the slower rate of growth. In June the index for energy prices rose 7 tenths of a percent. Prices for finished energy goods climbed at a 4.1-percent seasonally adjusted rate in the first six months of the year. That is in marked contrast to the jump of 36.3 percent in the last six months of 2005.