WASHINGTON—Wholesale prices of tires and tubes in September declined 1.5 percent overall from August levels, according to the Producer Price Index issued by the U.S. Department of Labor.
Passenger tire prices, in general, declined 3.1 percent, with those of radials averaging 3.3 percent lower than the previous month.
Truck/bus and off-highway tire prices, as a whole, edged up 0.5 percent in September and were 0.3 percent above those of a year earlier.
Radial truck tire prices were off 0.3 percent for the month and 1 percent for the year.
Meanwhile, those of non-radials rose 1.1 percent and 1.7 percent respectively during those time periods.
Tread rubber, tire sundries and repair material costs decreased 0.1 percent in September, but were up 1.8 percent from a year earlier.