US Core Producer Prices Rise Less than Expected

Core producer prices in the United States, which exclude food and energy goods, rose 0.2% from the previous month in July of 2026, slowing from the upwardly revised 0.4% increase in the previous month. This contrasted with market expectations of a 0.3% increase, reflecting a soft initial transmission of the rebound in energy prices to underlying sections of wholesale trade. From the previous year, core producer inflation rose by 4.2%.

Core producer prices in the United States, which exclude food and energy goods, rose by 0.2% from the previous month in June of 2026. This contrasted with expectations of a 0.4% increase, slowing from the downwardly revised 0.1% increase in the previous month. The data and its revisions indicated that the surge in energy prices from the energy shortage from the Middle East was not transmitted to underlying wholesale price growth at the magnitude feared. Prices for final demand goods excluding food and energy rose by 0.2%, the least since November of 2025, and final demand services prices rebounded by 0.2% from the 0.1% drop in May. From the previous year, core producer prices rose by 4.7%.

Core producer prices in the United States, which exclude food and energy, rose by 0.4% over a month earlier in May 2026, following a downwardly revised 0.7% increase in April and slightly below market forecasts of a 0.5% advance. Final demand goods prices excluding food and energy increased 0.8%, after a 0.7% in April, and services prices increased 0.3%, following a 0.7% increase in the prior month. On a yearly basis, core producer prices rose by 4.9%, matching April's revised reading, below forecasts of a 5.4% surge.