The pace of price increases in the U.S. services sector slowed in June, as the ISM Non-Manufacturing Prices Index eased to 67.7 from 71.3 in May 2026. The latest reading, updated on 6 July 2026, points to continued inflationary pressure in the service economy, but at a more moderate rate than the prior month.
May’s 71.3 reading had marked a notably strong acceleration in input and service prices, raising concerns about persistent services-led inflation. June’s pullback to 67.7 suggests some cooling, though the index remains at a level consistent with elevated price growth rather than a return to pre-inflation norms.
Markets and policymakers will be watching subsequent ISM releases closely to gauge whether June’s moderation is the start of a sustained trend or a temporary pause in upward pricing pressure within the U.S. non-manufacturing sector.
