The U.S. Producer Price Index excluding food, energy and transport rose 0.4% month-over-month in July 2026, marking a notable pickup in underlying producer inflation pressures compared with the previous month. The latest data, updated on 13 August 2026, show a clear acceleration from June 2026, when the same core PPI measure increased by just 0.1% over the month.
On a month-over-month basis, the July reading reflects a stronger increase in prices received by producers for core goods and services, underscoring a firmer inflation pulse beneath the more volatile components of the index. By design, this measure strips out food, energy and transport to provide a clearer view of fundamental pricing trends, and the shift from 0.1% in June to 0.4% in July suggests that underlying cost pressures intensified as the summer progressed.
The comparison framework used for this release looks at the change in July relative to June, while the “previous” figure captures the June change versus May. That structure highlights the sequential strengthening in core producer prices, with July’s gain outpacing the prior month and potentially signaling building price pressures further up the supply chain.
