WASHINGTON-Wholesale tire prices across the board increased slightly or remained the same during July, according to the Labor Department's Producer Price Index. Radial truck and bus tire prices experienced the greatest one-month gain, surging 2.1 percent since June. But these prices only represent a 0.4-percent increase for the 12-month period.
Prices for non-radial truck tires remained unchanged since June, but the prices were 2.4 percent higher than a year ago.
Passenger car tire prices climbed 0.1 percent for the month and increased 1.6 percent for the 12-month period.
Industrial and highway solid tires experienced the highest price increase for the 12-month period at 12.7 percent. Figures were unavailable for the one-month change in this category.
Meanwhile, prices for tread rubber rose 0.6 percent during July. The tread rubber wholesale prices were 8.4 percent higher than they were one year ago.