WASHINGTON-Wholesale prices of most tire types increased in May from April levels, though there was a decrease in one subcategory, light truck radials, of 0.9 percent. Overall, prices of passenger tires grew 0.3 percent in the month, according to the Labor Department's most recent Producer Price Index.
Within that category, prices of standard radials for highway use rose 0.5 percent, while those of all-season models edged up just 0.2 percent.
Among truck and bus tires, prices of non-radials grew 0.8 percent, but those of medium/heavy truck radials were unchanged. Adding the decrease for LT radials, overall prices in the category slipped 0.1 percent.
Prices of other pneumatic tires were unchanged, but those of solid industrial and highway tires jumped 1.4 percent.
Prices of tread rubber, tire repair materials and other tire sundries also were unchanged from April to May.