WASHINGTON-Wholesale prices of most types of tires fell in July, whether compared with prices of the previous month or with those of July 1995, according to the latest Producer Price Index from the U.S. Department of Labor. Overall, prices of all types of tires and tubes slid 1.2 percent from June to July, and dropped 5 percent from the 1995 month.
Prices of passenger radials skidded 2.1 percent for the month and 7 percent for the 12 months.
For truck and bus tires, including light truck, overall prices slipped 0.5 percent for the month and 4.1 percent for the 12 months. Prices for radials fared slightly worse, while those for non-radials rose 0.1 percent for the month, but fell 3.4 percent for the year.
Tread rubber prices edged down 0.2 percent from June to July, and were 0.3 percent below July 1995 levels. Prices of repair materials and sundries were unchanged for the month and up 3 percent for the 12 months.