US producer prices are expected to rise 0.3% month over month in February 2026, down from a 0.5% increase in January and marking the smallest gain in three months. Core PPI, which excludes food and energy, is also forecast to advance 0.3%, following a sharp 0.8% rise in the previous month.
On an annual basis, headline producer inflation is projected to hold steady at 2.9%, unchanged from January. Core producer inflation is expected to tick up to 3.7% from 3.6% in January, which would be its highest level since March of last year.
Investors will scrutinize the report for evidence of tariff-related price pressures, although the figures are still likely to indicate that any such effects remain limited for now.
