Transmission of material in this release is embargoed until USDL 26-1687
8:30 a.m. (ET) Friday, November 13, 2026
Technical information: (202) 691-7705 * ppi-info@bls.gov * www.bls.gov/ppi
Media contact: (202) 691-5902 * PressOffice@bls.gov
PRODUCER PRICE INDEXES - OCTOBER 2026
The Producer Price Index for final demand rose 0.3 percent in October, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 1.4 percent in
September and 0.4 percent in August. (See table A.) On an unadjusted basis, the index for final
demand increased 6.5 percent for the 12 months ended in October, the largest 12-month rise
since moving up 7.4 percent in November 2022.
Leading the October advance in final demand prices, the index for final demand goods increased
0.5 percent. Prices for final demand services moved up 0.2 percent.
The index for final demand less foods, energy, and trade services rose 0.5 percent in October, the
same as in September. For the 12 months ended in October, prices for final demand less foods,
energy, and trade services advanced 4.9 percent.
Final Demand
Final demand goods: The index for final demand goods increased 0.5 percent in October following
a 2.5-percent rise in September. Over 60 percent of the advance in October is attributable to prices
for final demand goods less foods and energy, which moved up 0.5 percent. The index for final
demand foods increased 1.3 percent. In contrast, prices for final demand energy edged down 0.1
percent. For the 12 months ended in October, the index for final demand goods increased 10.2
percent, the largest 12-month rise since advancing 10.5 percent in October 2022.
Product detail: Within the index for final demand goods in October, prices for basic organic
chemicals advanced 3.9 percent. The indexes for fresh and dry vegetables; gas fuels; aeronautical,
nautical, and navigational instruments; jet fuel; and processed young chickens also moved higher.
(See table 2.) Conversely, diesel fuel prices fell 7.9 percent. The indexes for pork and for passenger
cars also declined.
Final demand services: The index for final demand services moved up 0.2 percent in October, the
fifth consecutive advance. Three-fourths of the October rise can be traced to a 2.0-percent increase in
prices for final demand transportation and warehousing services. The index for final demand services
less trade, transportation, and warehousing advanced 0.2 percent. In contrast, margins for final
demand trade services decreased 0.2 percent.
Product detail: Over 80 percent of the October increase in the index for final demand services is
attributable to prices for truck transportation of freight, which rose 3.9 percent. The indexes for fuels
and lubricants retailing; health, beauty, and optical goods retailing; food and alcohol wholesaling;
hospital outpatient care; and traveler accommodation services also moved higher. Conversely,
margins for machinery and vehicle wholesaling fell 4.2 percent. Prices for system software
publishing and for airline passenger services also declined.
Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted
| Month |
Total
final
demand |
Final
demand
less
foods,
energy,
and
trade |
Final demand goods |
Final demand services |
Change
in final
demand
from 12
months
ago
(unadj.) |
Change
in final
demand
less
foods,
energy,
and
trade
from 12
mo. ago
(unadj.) |
| Total |
Foods |
Energy |
Less
foods
and
energy |
Total |
Trade |
Transportation
and
warehousing |
Other |
2025 |
|
Oct. |
0.1 |
0.6 |
-0.2 |
-0.4 |
-2.2 |
0.5 |
0.2 |
-0.9 |
0.0 |
0.7 |
2.8 |
3.5 |
Nov. |
0.4 |
0.3 |
0.8 |
0.1 |
3.4 |
0.2 |
0.3 |
0.2 |
0.8 |
0.2 |
3.1 |
3.6 |
Dec. |
0.4 |
0.1 |
-0.1 |
-0.2 |
-1.5 |
0.4 |
0.6 |
1.8 |
0.2 |
0.0 |
3.1 |
3.4 |
2026 |
|
Jan. |
0.6 |
0.5 |
-0.1 |
-1.3 |
-1.7 |
0.7 |
0.9 |
2.0 |
1.0 |
0.3 |
3.1 |
3.5 |
Feb. |
0.5 |
0.5 |
1.0 |
2.3 |
2.0 |
0.4 |
0.3 |
-0.3 |
0.8 |
0.5 |
3.4 |
3.5 |
Mar. |
0.8 |
0.2 |
2.0 |
-0.6 |
10.5 |
0.4 |
0.3 |
0.5 |
2.2 |
0.0 |
4.3 |
3.6 |
Apr. |
1.1 |
0.5 |
1.9 |
0.3 |
7.1 |
0.7 |
0.8 |
1.5 |
3.7 |
0.1 |
5.7 |
4.4 |
May |
0.5 |
0.8 |
2.2 |
0.6 |
8.2 |
0.7 |
-0.2 |
-2.7 |
2.1 |
0.7 |
5.9 |
5.0 |
June |
-0.1 |
0.2 |
-1.5 |
-0.5 |
-7.2 |
0.2 |
0.5 |
1.3 |
-0.3 |
0.3 |
5.6 |
5.1 |
July |
0.1 |
0.4 |
-0.4 |
-1.0 |
-1.5 |
0.2 |
0.2 |
-0.2 |
-1.1 |
0.6 |
4.9 |
4.8 |
Aug. |
0.4 |
0.3 |
1.1 |
-0.2 |
4.2 |
0.4 |
0.1 |
-0.2 |
2.4 |
0.0 |
5.5 |
4.8 |
Sept. |
1.4 |
0.5 |
2.5 |
1.1 |
10.0 |
0.3 |
1.0 |
2.1 |
3.4 |
0.2 |
6.3 |
5.0 |
Oct. |
0.3 |
0.5 |
0.5 |
1.3 |
-0.1 |
0.5 |
0.2 |
-0.2 |
2.0 |
0.2 |
6.5 |
4.9 |
Intermediate Demand by Commodity Type
Within intermediate demand in October, the index for processed goods increased 0.4 percent, prices
for unprocessed goods fell 3.1 percent, and the index for services rose 0.6 percent. (See tables B and
C.)
Processed goods for intermediate demand: Prices for processed goods for intermediate demand
advanced 0.4 percent in October, the third consecutive rise. Leading the October increase, the index
for processed materials less foods and energy moved up 0.9 percent. Prices for processed foods and
feeds advanced 1.0 percent. In contrast, the index for processed energy goods declined 1.6 percent.
For the 12 months ended in October, prices for processed goods for intermediate demand increased
14.6 percent, the largest 12-month rise since jumping 17.2 percent in July 2022.
Product detail: More than 40 percent of the October advance in the index for processed goods for
intermediate demand can be traced to prices for basic organic chemicals, which moved up 3.9
percent. The indexes for jet fuel, electronic components and accessories, natural gas liquids,
fabricated structural metal products, and prepared animal feeds also increased. Conversely, prices for
diesel fuel fell 7.9 percent. The indexes for pork and for lumber also decreased.
Unprocessed goods for intermediate demand: Prices for unprocessed goods for intermediate
demand fell 3.1 percent in October, the largest decline since moving down 6.6 percent in June.
Leading the broad-based decrease in October, the index for unprocessed energy materials dropped
7.7 percent. Prices for unprocessed nonfood materials less energy and for unprocessed foodstuffs and
feedstuffs also fell, 0.9 percent and 0.2 percent, respectively. For the 12 months ended in October, the
index for unprocessed goods for intermediate demand rose 16.9 percent.
Product detail: A major factor in the October decline in the index for unprocessed goods for
intermediate demand was a 10.3-percent decrease in prices for crude petroleum. The indexes for
corn, slaughter hogs, wheat, aluminum base scrap, and hay and hayseeds also moved down. In
contrast, prices for raw milk advanced 8.2 percent. The indexes for natural gas and for carbon steel
scrap also increased.
Table B. Monthly and 12-month percent changes in selected intermediate demand price indexes for goods by commodity type, seasonally adjusted
| Month |
Processed goods for intermediate demand |
Unprocessed goods for intermediate demand |
| Total |
Foods
and
feeds |
Energy
goods |
Less
foods
and
energy |
Total,
change
from 12
months
ago
(unadj.) |
Total |
Foodstuffs
and
feedstuffs |
Energy
materials |
Nonfood
materials
less
energy |
Total,
change
from 12
months
ago
(unadj.) |
2025 |
|
Oct. |
-0.1 |
-1.6 |
-0.6 |
0.2 |
3.1 |
-1.3 |
-1.8 |
-4.1 |
3.3 |
-0.6 |
Nov. |
0.6 |
-0.3 |
3.0 |
0.1 |
3.6 |
2.4 |
-0.3 |
3.9 |
4.5 |
2.0 |
Dec. |
0.1 |
-1.0 |
-2.4 |
0.8 |
3.5 |
2.1 |
-2.2 |
6.9 |
2.2 |
1.0 |
2026 |
|
Jan. |
0.1 |
-0.3 |
-1.2 |
0.5 |
2.8 |
4.3 |
-3.0 |
13.4 |
3.8 |
-0.1 |
Feb. |
1.5 |
0.2 |
5.0 |
0.8 |
4.0 |
5.9 |
4.4 |
11.5 |
1.0 |
5.4 |
Mar. |
3.0 |
0.6 |
12.8 |
0.8 |
6.9 |
-0.2 |
0.8 |
-1.2 |
0.8 |
9.5 |
Apr. |
2.6 |
0.4 |
7.3 |
1.6 |
9.5 |
1.9 |
0.3 |
5.4 |
-0.4 |
15.2 |
May |
2.8 |
0.6 |
7.5 |
1.7 |
12.4 |
3.0 |
4.0 |
2.5 |
2.4 |
20.5 |
June |
-1.1 |
0.2 |
-7.4 |
0.7 |
11.1 |
-6.6 |
-3.7 |
-13.0 |
-2.0 |
10.0 |
July |
-0.3 |
-0.6 |
-1.6 |
0.1 |
10.1 |
-0.2 |
0.7 |
-2.8 |
1.5 |
8.4 |
Aug. |
1.8 |
-0.3 |
7.2 |
0.5 |
11.5 |
0.9 |
0.7 |
0.4 |
2.0 |
11.4 |
Sept. |
2.4 |
0.4 |
9.2 |
0.5 |
13.9 |
6.3 |
1.3 |
15.6 |
2.0 |
19.0 |
Oct. |
0.4 |
1.0 |
-1.6 |
0.9 |
14.6 |
-3.1 |
-0.2 |
-7.7 |
-0.9 |
16.9 |
Services for intermediate demand: The index for services for intermediate demand rose 0.6 percent
in October after increasing 1.0 percent in September. Over half of the broad-based advance in
October can be attributed to margins for trade services for intermediate demand, which moved up 1.6
percent. The indexes for transportation and warehousing services for intermediate demand and for
services less trade, transportation, and warehousing for intermediate demand also increased, 1.2
percent and 0.2 percent, respectively. For the 12 months ended in October, prices for services for
intermediate demand rose 6.8 percent, the largest 12-month advance since moving up 6.9 percent in
November 2022.
Product detail: Thirty percent of the October increase in the index for services for intermediate
demand can be traced to a 9.2-percent jump in margins for metals, minerals, and ores wholesaling.
The indexes for food and alcohol wholesaling; truck transportation of freight; courier, messenger, and
U.S. postal services; fuels and lubricants retailing; and internet advertising sales also rose.
Conversely, prices for nonresidential property management fees decreased 5.9 percent. The indexes
for securities brokerage, dealing, and investment advice and for services related to air transportation
also declined.
Table C. Monthly and 12-month percent changes in selected intermediate demand price indexes for services by commodity type, seasonally adjusted
| Month |
Services for intermediate demand |
| Total |
Trade |
Transportation
and
warehousing |
Other |
Total, change
from 12 months
ago (unadj.) |
2025 |
|
Oct. |
0.4 |
0.2 |
0.3 |
0.4 |
2.2 |
Nov. |
0.2 |
1.0 |
0.6 |
-0.1 |
2.5 |
Dec. |
0.6 |
1.6 |
0.7 |
0.3 |
2.7 |
2026 |
|
Jan. |
0.6 |
2.2 |
0.5 |
0.2 |
3.2 |
Feb. |
0.3 |
-0.1 |
0.7 |
0.4 |
3.3 |
Mar. |
0.1 |
0.2 |
0.6 |
-0.1 |
3.0 |
Apr. |
0.9 |
0.9 |
3.1 |
0.4 |
4.3 |
May |
0.5 |
-0.6 |
1.0 |
0.7 |
4.7 |
June |
0.8 |
2.3 |
0.0 |
0.5 |
5.5 |
July |
0.3 |
0.0 |
-0.2 |
0.5 |
5.2 |
Aug. |
0.6 |
2.1 |
1.3 |
0.1 |
5.7 |
Sept. |
1.0 |
3.0 |
1.8 |
0.3 |
6.5 |
Oct. |
0.6 |
1.6 |
1.2 |
0.2 |
6.8 |
Intermediate Demand by Production Flow
Stage 4 intermediate demand: Prices for stage 4 intermediate demand increased 0.4 percent in
October after moving up 1.1 percent in September. In October, the index for total services inputs to
stage 4 intermediate demand advanced 0.6 percent, and prices for total goods inputs rose 0.3 percent.
(See table D.) Increases in the indexes for metals, minerals, and ores wholesaling; food and alcohol
wholesaling; fabricated structural metal products; truck transportation of freight; electronic
components and accessories; and chemicals and allied products wholesaling outweighed falling
prices for diesel fuel, industrial electric power, and nonresidential property management fees. For the
12 months ended in October, the index for stage 4 intermediate demand rose 8.0 percent, the largest
12-month advance since moving up 8.5 percent in September 2022.
Stage 3 intermediate demand: Prices for stage 3 intermediate demand rose 0.3 percent in October
after increasing 1.1 percent in September. In October, the index for total services inputs to stage 3
intermediate demand moved up 0.5 percent, and prices for total goods inputs advanced 0.2 percent.
Rising prices for raw milk; iron and steel; truck transportation of freight; courier, messenger, and
U.S. postal services; electronic components and accessories; and basic organic chemicals outweighed
declines in the indexes for diesel fuel, corn, and nonresidential property management fees. For the 12
months ended in October, prices for stage 3 intermediate demand increased 8.4 percent, the largest
12-month advance since moving up 9.5 percent in October 2022.
Stage 2 intermediate demand: The index for stage 2 intermediate demand decreased 0.2 percent in
October, the first decline since falling 0.3 percent in July. In October, prices for total goods inputs to
stage 2 intermediate demand dropped 1.4 percent. In contrast, the index for total services inputs rose
0.7 percent. Declining prices for crude petroleum; diesel fuel; services related to air transportation;
securities brokerage, dealing, and investment advice; waste collection; and legal services outweighed
advances in the indexes for fuels and lubricants retailing; gas fuels; and metals, minerals, and ores
wholesaling. For the 12 months ended in October, prices for stage 2 intermediate demand moved up
13.3 percent, the largest 12-month increase since rising 16.1 percent in September 2022.
Stage 1 intermediate demand: The index for stage 1 intermediate demand rose 0.6 percent in
October after advancing 2.2 percent in September. In October, prices for total services inputs to stage
1 intermediate demand increased 0.9 percent, and the index for total goods inputs moved up 0.3
percent. Advances in the indexes for metals, minerals, and ores wholesaling; basic organic chemicals;
carbon steel scrap; truck transportation of freight; jet fuel; and steel mill products outweighed
declines in prices for diesel fuel; corn; and securities brokerage, dealing, and investment advice. For
the 12 months ended in October, the index for stage 1 intermediate demand increased 13.9 percent,
the largest 12-month rise since moving up 15.6 percent in June 2022.
Table D. Monthly percent changes in selected intermediate demand price indexes by production flow, seasonally adjusted
| Month |
Stage 4 intermediate
demand |
Stage 3 intermediate
demand |
Stage 2 intermediate
demand |
Stage 1 intermediate
demand |
| Total |
Goods
inputs |
Services
inputs |
Total |
Goods
inputs |
Services
inputs |
Total |
Goods
inputs |
Services
inputs |
Total |
Goods
inputs |
Services
inputs |
2025 |
|
Oct. |
0.3 |
0.2 |
0.5 |
-0.2 |
-0.9 |
0.3 |
-0.2 |
-1.0 |
0.3 |
0.3 |
0.0 |
0.5 |
Nov. |
0.4 |
0.4 |
0.4 |
0.2 |
0.3 |
0.1 |
0.6 |
2.2 |
-0.4 |
0.4 |
0.5 |
0.4 |
Dec. |
0.6 |
0.2 |
0.9 |
0.1 |
-0.5 |
0.6 |
1.7 |
3.2 |
0.6 |
0.4 |
-0.1 |
0.7 |
2026 |
|
Jan. |
0.6 |
0.2 |
1.0 |
0.2 |
-0.4 |
0.7 |
1.9 |
4.5 |
0.3 |
0.9 |
0.8 |
0.9 |
Feb. |
0.7 |
0.9 |
0.6 |
0.8 |
1.8 |
-0.2 |
2.2 |
5.0 |
0.4 |
1.1 |
1.8 |
0.3 |
Mar. |
0.4 |
0.9 |
-0.1 |
1.4 |
2.4 |
0.5 |
0.8 |
1.9 |
0.0 |
1.7 |
3.0 |
0.2 |
Apr. |
0.9 |
1.1 |
0.6 |
1.6 |
2.3 |
1.0 |
2.1 |
3.8 |
1.0 |
2.3 |
3.1 |
1.1 |
May |
1.1 |
1.4 |
0.8 |
1.7 |
2.8 |
0.5 |
1.6 |
3.5 |
0.3 |
2.6 |
4.0 |
0.8 |
June |
0.4 |
-0.1 |
0.8 |
-0.1 |
-0.9 |
0.7 |
-1.8 |
-5.6 |
0.8 |
-0.3 |
-1.3 |
1.0 |
July |
0.5 |
0.4 |
0.6 |
-0.1 |
-0.1 |
-0.1 |
-0.3 |
-1.0 |
0.2 |
0.0 |
-0.5 |
0.6 |
Aug. |
0.6 |
0.7 |
0.5 |
1.0 |
1.3 |
0.6 |
0.8 |
1.4 |
0.5 |
1.6 |
2.1 |
1.0 |
Sept. |
1.1 |
1.1 |
1.0 |
1.1 |
1.3 |
0.8 |
3.2 |
6.9 |
0.8 |
2.2 |
2.8 |
1.5 |
Oct. |
0.4 |
0.3 |
0.6 |
0.3 |
0.2 |
0.5 |
-0.2 |
-1.4 |
0.7 |
0.6 |
0.3 |
0.9 |
________________
The Producer Price Index news release for November 2026 is scheduled to be published on Tuesday,
December 15, 2026, at 8:30 a.m. (ET).
*****
BLS Incorporates Quality Changes for 2027 Model Vehicles in PPI
The Bureau of Labor Statistics (BLS) typically announces the value of quality changes
associated with the new-model-year passenger cars and light motor trucks included in the
Producer Price Index (PPI) survey with the release of data for October. Quality changes are
incorporated into PPI data as they occur. To protect respondent confidentiality, due to relatively
few model updates for passenger cars in the PPI sample through October, BLS is not publishing
information on passenger car quality changes for the 2027 model year.
Light Trucks
The value of quality changes for a sample of 2027-model-year domestically produced light
trucks included in the PPI for October averaged $27.88. This change represents 5.7 percent of the
average $492.58 increase in manufacturer invoice prices for 2027 models as compared with
models from the prior year.
The retail equivalent value of these quality changes averaged $30.69, representing 5.9 percent of
the average $522.01 over-the-year increase in manufacturer suggested list prices.
The $30.69 estimated retail value of quality changes breaks down as follows:
* $2.80 for improvements to safety equipment.
* $27.89 for other changes such as improvements to powertrains, improvements to
infotainment systems, and changes in levels of standard or optional equipment.
For additional information, contact the PPI Section of Index Analysis and Public Information, at
ppi-info@bls.gov or (202) 691-7705.
Estimates of the value of quality changes are based on a review by the BLS of data supplied by
producers for similarly equipped 2026 and 2027 models priced for the Producer Price Index.
Most of the estimates of quality changes in this release are derived from information supplied for
the Producer Price Index for October.
*****
Resampling of Industries - October 2026
Effective with the release of data for October 2026, the Producer Price Index (PPI) includes data
for 9 resampled industries classified according to the 2022 North American Industry
Classification System (NAICS). The Bureau of Labor Statistics periodically updates the sample
of producers providing data for the PPI to reflect current conditions more accurately when the
structure, membership, technology, or product mix of an industry shifts. The first results of this
systematic process were published in July 1986. Subsequent efforts have been completed at
regular intervals.
For information on index additions, deletions, and recodes effective October 2026, see the
current issue of the PPI Detailed Report online at www.bls.gov/ppi/detailed-report/ppi-detailed-
report-october-2026.pdf, or contact the PPI Section of Index Analysis and Public Information at
ppi-info@bls.gov or (202) 691-7705.
NAICS
Code Industry
212321 Construction sand and gravel mining
213112 Support activities for oil and gas operations
311612 Meat processed from carcasses
315990 Apparel accessories and other apparel manufacturing
325314 Fertilizer, mixing only, manufacturing (including compost)
327332 Concrete pipe manufacturing
423100 Motor vehicle and parts merchant wholesalers
441340 Tire Dealers
513140 Directory and mailing list publishers
*****
BLS to Post PPI Recalculated Relative Importance Figures and Seasonal Adjustment Factors on
February 12, 2027
Each year with the release of Producer Price Index (PPI) data for January, relative importance
figures and seasonal adjustment factors are recalculated to reflect price movements from the just-
completed calendar year. The following information will be released on February 12, 2027, at
8:30 AM eastern time, in conjunction with the release of PPI data for January 2027, and will be
available on the Bureau of Labor Statistics (BLS) website at www.bls.gov/ppi/tables/.
Relative Importance Figure Tables for December 2026:
* Final demand by individual commodities
* Final demand by component series
* Individual commodities of intermediate demand by commodity type
* Component series of intermediate demand by commodity type
* Individual commodities of intermediate demand by production flow
* Component series of intermediate demand by production flow
* Commodities, all levels
* Wherever-provided services and construction
Seasonal Factor Update:
* Direct seasonal factors for PPI commodity indexes for 2027
* Recalculated seasonal factors for the last 5 years (2022-2026) for PPI commodity indexes
* Recalculated seasonal factors for the last 5 years (2022-2026) for PPI Final Demand-
Intermediate Demand (FD-ID) indexes
Recalculated seasonal index data for 2022-2026 for the FD-ID and commodity indexes also will
be posted to the PPI database on the BLS website on February 12, 2027, at 8:30 AM eastern
time.
For additional information, contact the PPI Section of Index Analysis and Public Information at
ppi-info@bls.gov or (202) 691-7705.
United States Department of Labor
