WASHINGTON-Wholesale prices of both passenger and truck/bus tires (including light truck) increased 0.1 percent overall in October, compared with September, but remained below the levels of the previous year, according to the most recent report from the federal Bureau of Labor Statistics. Within the truck/bus category, however, prices of medium/heavy truck radials fell 0.3 percent for the month-the only segment to record a decline from September.
Compared with October 1993, passenger tire prices slipped 0.6 percent, while those to truck/bus tires slid 1.1 percent.
Prices of other tire types, including other pneumatic and all solid tires, grew an average of 0.7 percent for the month, and were 5.2-percent ahead of the year-earlier level.
Prices of tread rubber, tire repair materials and sundries were unchanged for the month, but 3.3-percent higher than the previous year, with tread rubber prices alone up 3.2 percent.