US Core PPI Heats Up, Hits 2022-Highs

Core producer prices in the United States, which exclude food and energy, rose by 0.5% from the previous month in February 2026, slowing from a 0.8% advance in January but surpassing market forecasts of a 0.3% rise Final demand goods prices excluding food and energy went up 0.3%, down from 0.7% in January, and services prices increased 0.5%, following a 0.8% gain. On a yearly basis, core producer prices climbed by 3.9% in February, the steepest increase in three years, after a downwardly revised 3.5% in the previous month.

Core producer prices in the United States, which exclude food and energy, climbed by 0.8% from the previous month in January 2026, following a downwardly revised 0.6% increase in December and surprising analysts, who had expected a 0.3% rise. This marked the steepest increase in core producer prices since July 2025, as final demand goods prices excluding food and energy rose 0.7%, up from 0.4% in December, while services prices increased 0.8%, following a 0.7% gain. On a yearly basis, core producer prices advanced by 3.6% in January, accelerating from 3.3% in December and above market forecasts of 3%.

Core producer prices in the United States, which exclude food and energy, jumped by 0.7% from the previous month in December of 2025, the sharpest increase in five months, and firmly above market expectations of a softer 0.2% increase. Final demand prices for goods less food and energy were 0.4% higher, while those for services surged by 0.7%.