| Actual | Previous | Revised | |
| Month over Month | 0.4% | -0.2% | -0.1% |
| Year over Year | 0.4% | 0.2% | 0.3% |
Highlights
Industrial producer prices in the domestic market rose 0.4 percent in July after falling 0.1 percent the month before, and registering their biggest gain since 0.9 percent in January. Compared to July of last year, prices increased 0.4 percent, after a 0.3 percent year-on-year gain in June.
Prices for manufactured goods, the most heavily weighted component, increased 0.3 percent in July and June, and are 0.6 percent higher than their year ago levels, up from 0.5 percent in June. Transportation equipment was 0.3 percent more expensive in July than in June and up 0.7 percent from their year-ago level.
While mining, quarrying, and energy prices were up 0.9 percent in July, they remain 2.6 percent below the comparable month of last year. At the same time, the production costs for food, beverages and tobacco were flat on the month after a 0.2 percent gain in June. Still, they are 3.2 percent above July of last year.
Import prices, conversely, declined 0.2 percent in July after a 0.5 percent gain in June, with the year-on-year comparison showing a 1.9 percent drop.
As with consumer prices, taken alone today’s results are not a worrying sign of inflation. Still, should prices gains continue in the coming months, it will only be a matter of time before pipeline inflation makes its way into the broader economy.