Producer prices rose 0.4% in August, and the annual rate climbed to 5.4%
Excluding food and energy, wholesale prices rose 0.2% in August, the 3rd straight monthly increase, while the 12-month rate rose 0.6 percentage point from July.
Macro Bullseye · · Updated
The Producer Price Index for final demand rose 0.4% in August, the Bureau of Labor Statistics reported. That was faster than the 0.1% gain in July. The index measures the prices US businesses receive for their goods and services, a form of wholesale inflation.
The numbers
Aug 2026 data · released Thu, Sep 10
- PPI final demand, change from the prior month
- +0.4%Jul 2026: +0.1%
- PPI final demand, change over 12 months
- 5.4%Jul 2026: 4.8%
- PPI less food and energy, change from the prior month
- +0.2%Jul 2026: +0.3%
View the data as a table
| Period | Value |
|---|---|
| Aug 2026 | +0.4% |
| Jul 2026 | +0.1% |
| Jun 2026 | −0.1% |
| May 2026 | +0.5% |
| Apr 2026 | +1.1% |
| Mar 2026 | +0.8% |
| Feb 2026 | +0.5% |
| Jan 2026 | +0.6% |
| Dec 2025 | +0.4% |
| Nov 2025 | +0.4% |
| Oct 2025 | +0.1% |
| Sep 2025 | +0.6% |
| Aug 2025 | −0.2% |
| Jul 2025 | +0.8% |
| Jun 2025 | +0.2% |
| May 2025 | +0.3% |
| Apr 2025 | −0.3% |
| Mar 2025 | −0.1% |
| Feb 2025 | +0.2% |
| Jan 2025 | +0.6% |
| Dec 2024 | +0.4% |
| Nov 2024 | +0.1% |
| Oct 2024 | +0.3% |
| Sep 2024 | +0.3% |
Source: Bureau of Labor Statistics, via FRED (Federal Reserve Bank of St. Louis). Revised figures replace earlier ones.Full release
Over the 12 months ended in August, producer prices rose 5.4%, up from 4.8% in July. A year earlier, in August 2025, the 12-month rate was 2.7%.
Prices excluding food and energy rose 0.2% in August after a 0.3% gain in July. This was the 3rd straight monthly increase. In August 2025 the same measure fell 0.2%.
The headline index has risen in most months over the past year. It fell 0.2% in August 2025 and then rose in each month through May 2026, with a 1.1% jump in April and a 0.8% gain in March. Prices fell 0.1% in June before rising again in July and August.
Several PPI components feed directly into the PCE price index, the Fed's preferred inflation gauge. The next PPI report, covering September, is due Thursday, October 15, 2026, at 8:30 AM ET.
What it means for your money
- Faster price growth at the wholesale level can work its way into consumer prices over time. That tends to squeeze household budgets for everyday goods and services.
- Inflation that stays elevated tends to keep interest rates higher. That can keep borrowing costs for mortgages, car loans and credit cards elevated, while savings rates may stay higher too.
- Several PPI components feed into the PCE price index, the Fed's preferred inflation gauge. This report therefore bears on how the Fed views inflation.
Drafted by AI (Claude) from the official data and published only after an automatic check that every number in the text matches the figures above. Not investment advice. How we write these