WASHINGTON-Wholesale prices of most types of tires slipped in January, compared with both the immediately previous and year-earlier months, according to the most recent Producer Price Index from the Department of Labor. Prices of radial passenger tires slid 0.5 percent on average from December to January and were 0.3 percent lower than January 1993.
In the medium/heavy truck radial category, prices fell 0.7 percent in the month for a 12-month drop of 6.1 percent.
Prices of light truck radials, however, were unchanged from December, and have edged down just 0.7 percent from year-ago levels.
Prices of all other pneumatic and solid tires, including industrial, utility and bicycle tires, rose an average 0.2 percent in the one-month comparison and 4.1 percent in the 12-month.
Prices of tread rubber were unchanged over both the month and year. Those of tire sundries and repair materials sank 2 percent for the month but were up 2.8 percent for the year.