WASHINGTON-Wholesale prices of passenger tires dipped slightly in October, while those of truck tires rose, according to the Labor Department's Producer Price Index. Passenger tire prices slid 0.2 percent from September to October, but remained 2.7 percent ahead for the year-to-date. Prices of radial passenger tires fell 0.3 percent for the month.
Truck and bus tires showed a slight gain of 0.6 percent during the month, with the light highway category accounting for a 2.3-percent increase.
Compared with the year-earlier period, however, truck tire prices were down 0.3 percent.
Prices for other pneumatic and all solid tires stayed flat for the month and remain 7.9 percent ahead for the year-to-date. Over the past three months, prices for this category are up 0.5 percent.
Tread rubber prices dipped 1.3 percent in October and are down 1.8 percent over the last three months. Still, they remain 3.6 percent above the year-earlier period.