June Producer Price Index is up 3.6% yr over yr, (June = no change)

[papau]

"Before seasonal adjustment, the Producer Price Index for Finished
Goods declined 0.1 percent in June to 154.0 (1982=100). From June 2004 to
June 2005, prices for finished goods advanced 3.6 percent. Over the same
period, the index for finished energy goods jumped 13.2 percent, prices for
finished goods other than foods and energy rose 2.2 percent, and the index
for finished consumer foods inched up 0.1 percent. For the 12 months ended
June 2005, prices for intermediate goods increased 6.2 percent and the
crude goods index moved up 1.7 percent."

http://www.bls.gov/news.release/ppi.nr0.htm
July 15, 2005

Producer Price Indexes -- June 2005

The Producer Price Index for Finished Goods showed no change in June,
seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. This index had fallen 0.6 percent in May and
risen 0.6 percent in April. At the earlier stages of processing, prices
received by manufacturers of intermediate goods advanced 0.1 percent in
June, following a 0.7-percent decline in the preceding month, while the
crude goods index decreased 3.3 percent, after moving down 2.0 percent in
May. (See table A.)

Among finished goods, the index for energy goods increased 2.0
percent in June, following a 3.5-percent drop in the previous month. By
contrast, prices for finished consumer foods fell 1.1 percent, compared
with a 0.3-percent decline in May, and the index for finished goods other
than foods and energy decreased 0.1 percent in June, following a 0.1-
percent rise a month earlier.

During the first 6 months of 2005, prices for finished goods advanced
at a seasonally adjusted annual rate (SAAR) of 2.4 percent, after moving up
at a 4.8-percent SAAR during the latter half of 2004. Within the finished
goods category, the index for finished energy goods increased at an 8.5-
percent SAAR from December 2004 to June 2005 after rising at an 18.0-
percent SAAR from June 2004 to December 2004, and prices for finished
consumer foods went down at a 1.3-percent SAAR during the first half of
2005 after advancing at a 1.6-percent SAAR during the second half of 2004.
The index for finished goods other than foods and energy climbed at a 2.2
percent SAAR in June 2005, the same rate of increase as in the prior 6-
month period. At the earlier stages of processing, prices for intermediate
goods increased at a 4.2-percent SAAR from December 2004 to June 2005,
after rising at an 8.0-percent SAAR from June 2004 to December 2004. The
crude goods index declined at a 3.4-percent SAAR during the first 6 months
of 2005, after moving up at a 7.2-percent SAAR during the last 6 months of
2004. (See summary table below.)

Before seasonal adjustment, the Producer Price Index for Finished
Goods declined 0.1 percent in June to 154.0 (1982=100). From June 2004 to
June 2005, prices for finished goods advanced 3.6 percent. Over the same
period, the index for finished energy goods jumped 13.2 percent, prices for
finished goods other than foods and energy rose 2.2 percent, and the index
for finished consumer foods inched up 0.1 percent. For the 12 months ended
June 2005, prices for intermediate goods increased 6.2 percent and the
crude goods index moved up 1.7 percent.<snip>


http://www.bloomberg.com/apps/news?pid=10000087&sid=aU60VAcWJgzc


U.S. June Producer Prices Unchanged; Core Falls 0.1% (Update1)
July 15 (Bloomberg) -- U.S. producer prices were unchanged in June, restrained by discounts at automaker General Motors Corp., as well as cheaper food and computers, a government report showed. Prices excluding energy and food unexpectedly fell, suggesting inflation is tame.

The June reading in prices paid to factories, farmers and other producers followed a 0.6 percent decline in May, the Labor Department said today in Washington. The core measure, which excludes energy and food, dropped 0.1 percent after a 0.1 percent rise.

Producers, which have been paying more for energy, have had limited success passing those costs on to customers. Other companies, looking to maintain market share, are holding the line on prices or discounting to stoke demand. The government said yesterday that consumer prices were unchanged in June after a 0.1 percent decline a month earlier.

``Evidence of increased pricing power is quite slim, indicative of competitive pressures in the global market,'' said Alan Ruskin, chief of research at 4Cast.com in New York, before the report. <snip>


THANK GOD/BUSH FOR SENDING OUR JOBS OVERSEAS SO THAT WE CAN GET "Cheap imports that make it difficult for companies to raise prices"

sigh .... year over year rise of 3.6% for finished goods (and for intermediate goods 6.2%)is not mentioned - I wonder why?