US producer price index increases to 140.43

The producer price index for final demand increased a seasonally adjusted 1.1% in June following advances of 0.9% in May and 0.4% in April.

On an unadjusted basis, final demand prices moved ahead 11.3% for the 12 months ended 30 June - the largest increase since a record 11.6% jump in March.

In June, three-quarters of the advance for final demand was due to a 2.4% rise in prices for final demand goods. The index for final demand services increased 0.4%.

Prices for final demand excluding foods, energy, and trade services moved up 0.3% in June after advancing 0.4% in both May and April. For the 12 months ended in June, the index for final demand less foods, energy, and trade services rose 6.4%.

Reporting by Iain Gilbert at Sharecast.com