Core producer prices in the United States, excluding food and energy, increased by 0.2% month-over-month in June 2026. This was below market expectations of a 0.4% rise and followed a downwardly revised 0.1% increase in May. The latest figures and revisions suggest that the sharp rise in energy prices stemming from the Middle East–related energy shortage has not fed through to underlying wholesale inflation to the extent previously feared.
Prices for final demand goods excluding food and energy also rose by 0.2%, the smallest increase since November 2025, while final demand services prices rebounded by 0.2% after a 0.1% decline in May. On an annual basis, core producer prices were up 4.7%.
