WASHINGTON-Wholesale tire prices rose in all categories in March compared with both February and year-end 1994 levels, according to the Labor Department's Producer Price Index. The greatest increase came in prices of pneumatic industrial and utility tires, which jumped 6 percent in both the one- and three-month periods.
Prices of radial passenger tires grew 2.1 and 1.8 percent in the month and three months, respectively, while medium/heavy truck radials rose 2.1 and 1.7 percent, and light truck (highway) radials were up 1.6 and 0.7 percent.
Prices of non-radial truck tires (including light truck) climbed 3.4 percent for both periods.
Tread rubber prices rose 2.5 percent in March and 4.1 percent in the three months. In the past year, tread rubber prices have jumped 12.1 percent, while those of tire repair materials and other sundries have climbed 7.2 percent.