The Producer Price Index for final demand was unchanged in June, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. Final demand prices increased 0.3 percent in May and declined 0.3 percent in April. On an unadjusted basis, the index for final demand rose 2.3 percent for the 12 months ended in June.

Of the key commodities in the hardware and building supply space, only crude petroleum, (-0.1%), insulation materials (-0.9%), iron and steel (-3.8%), lumber and wood products (-0.3%), softwood lumber (-1.9%) and steel mill products (-5.5%) came in lower compared to a month ago. On a year-over-year basis, only crude petroleum (-19.4%), hot rolled steel bars (-2.7%) and unprocessed energy materials (-11.4%) saw price declines. Every commodity listed is up (significantly) since February 2020.
         


Source: hbsdealer.com