The Producer Price Index for Finished Goods declined 0.9 percent in July, seasonally adjusted. This decrease followed advances of 1.8 percent in June and 0.2 percent in May.  The index for finished goods other than foods and energy edged down 0.1 percent compared with a 0.5-percent rise in June.

Finished goods prices over the last 12 months decreased an average of  0.54% per month, or at an average annualized rate of -6.5%.