The combined producer and import price index remained unchanged on the month in July. Year-on-year, prices were down 0.1 percent, unchanged from the June annual rate.
The flat headline reading reflected a balance in the declines of prices of petroleum products, down 1.9 percent on the month, that were offset by higher prices for scrap, up 3.1 percent, and other metal products, up 1.2 percent.
Producer prices remained unchanged on the month, but were down 0.6 percent year-on-year. Import prices were down 0.1 percent on the month, but up 0.9 percent from the level a year ago.
The underlying core composite price index was unchanged versus June and 0.5 percent lower on the year. Pipeline inflation pressures remain very subdued.