FX.co ★ US Producer Prices Rise the Most since 2022

In July 2025, producer prices in the United States experienced a significant uptick, rising by 0.9% compared to the previous month. This increase marks a significant change from the stagnant figures recorded in June and surpasses the anticipated growth of 0.2%. Notably, this is the most substantial rise in producer prices since June 2022. The cost of services saw an increase of 1.1%, predominantly driven by a notable 3.8% rise in margins for wholesaling machinery and equipment. Additionally, costs elevated for portfolio management; securities brokerage, dealing, and investment advice; traveler accommodation services; retailing of automobiles; and freight truck transportation. The prices of goods climbed by 0.7%, prominently featuring a dramatic 38.9% rise in the prices of fresh and dry vegetables. Other notable increases were observed in the prices of meats, diesel fuel, jet fuel, nonferrous scrap, and eggs, while gasoline prices saw a decrease of 1.8%. Meanwhile, the core Producer Price Index (PPI), which excludes the volatile food and energy sectors, also recorded a 0.9% rise, surpassing the forecasted 0.2% increase. On an annual basis, the headline producer inflation rate accelerated to a five-month peak of 3.3%, exceeding expectations of 2.5%. Similarly, the annual core producer inflation surged to 3.7% from the previous 2.6%, outpacing the predicted 2.9%.