WASHINGTON-Wholesale prices of virtually all types of tires sold in the U.S. rose in June from May, according to the Labor Department's Producer Price Index. The notable exception was non-radial light truck tires, where prices sagged 0.3 percent in the month, but remained 2 percent ahead of last June's levels.
Overall, prices of radial passenger tires grew 2.1 percent for the month, spurred by a 5.5-percent jump in 15-inch standard service units.
Likewise, a 0.7-percent increase in prices of light truck radials was responsible for pushing overall truck/bus tire prices up 0.3 percent.
Prices of other pneumatic and solid tires climbed 4.1 percent on average for the month.
Tread rubber prices were unchanged from May levels, but have shot up 7.7 percent in the past 12 months.
Prices of tire repair materials and sundries advanced 1.7 percent in the month and were 7.5-percent ahead of year-ago levels.