US Core PPI m/m

Prices paid by businesses last month fell, largely because the pressures from soaring gasoline prices eased. The producer price index for total final demand declined 0.3% in June, bringing annual growth to 5.5%, the Bureau of Labor Statistics reported on Wednesday morning. That’s the first monthly decline in the index since wholesale inflation unexpectedly dipped 0.2% in August 2025. The latest results were in line with economists’ expectations for a 0.3% decline in June. The report also marked a reversal from the strong PPI gains ...

Four months of war in the Persian Gulf and the closure of the Strait of Hormuz are taking a toll, swiftly pushing prices higher and reversing three years of progress on inflation. Producers and consumers once again find themselves marinating in an inflationary stew with no easy exit. The Administration’s new Section 301 ‘forced labor’ tariffs on 60 countries alongside additional tariff actions and investigations on the horizon only add more ingredients into this inflationary stew. News on Thursday that an Iran deal may be ...

U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers — jumped 6.5% from May 2025. It rose 1.1% from April, as it did the previous month. Wholesale gasoline prices surged by more than 23% from April to May, and nearly 70% from a year earlier. Inflationary pressures, intensified by the energy shock caused by the Iran ...

Higher energy prices continue to push headline inflation up. And we do not expect to see a meaningful reprieve in the food space either, especially following recent headlines about beef prices. Our forecast for core calls for a +0.3% m/m uptick in May, which would nudge the year-over-year pace to 2.9% – well below headline but moving in the wrong direction for the Fed. Higher jet fuel prices will continue to add to core services, while tight labor markets which keep a floor under wage growth are limiting core services disinflation. ...

US producer prices rose far more than expected in April, according to data released Wednesday by the Bureau of Labor Statistics. Prices rose 1.4% in April over the previous month, far above March’s revised gain of 0.7% and economists' expectations for an increase of 0.5% on the month. Excluding the more volatile food and energy costs, producer prices advanced by 1% over the previous month, more than double the 0.3% growth economists had predicted and well above the previous month's revised gain of 0.2%. On an annual basis, headline ...