WASHINGTON—Wholesale prices of most major types of tires showed little change from July to August last year, according to the most recent Producer Price Index from the Department of Labor. One notable exception was passenger tires, where the average price of a radial climbed 2.2 percent in the month. Still, prices in that category lagged those of August 1995 by 4.8 percent.
Overall, there was no change during the month in prices of truck and/or bus tires, a 0.2-percent increase in the price of non-radials evidently being offset by a 1-percent decline in radial light truck tire prices.
Among all other pneumatic and all solid tires, prices dropped an average of 4.9 percent in the month. However, since the subcategory of solid tires for industrial and highway applications showed no change, most of the decrease must have come in the pneumatic industrial and utility tire segment for which data was unavailable.