Transmission of material in this release is embargoed until USDL 26-1193
8:30 a.m. (ET) Wednesday, July 15, 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 - JUNE 2026
The Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted, the U.S.
Bureau of Labor Statistics reported today. Final demand prices advanced 0.6 percent in May and
1.1 percent in April. (See table A.) On an unadjusted basis, the index for final demand increased
5.5 percent for the 12 months ended in June.
The June decline in the index for final demand can be attributed to prices for final demand
goods, which fell 1.4 percent. In contrast, the index for final demand services moved up 0.2
percent.
The index for final demand less foods, energy, and trade services increased 0.1 percent in June
after jumping 0.8 percent in May. For the 12 months ended in June, prices for final demand less
foods, energy, and trade services rose 5.1 percent.
Final Demand
Final demand goods: The index for final demand goods moved down 1.4 percent in June, the largest
decrease since falling 1.9 percent in July 2022. Leading the decline in June, prices for final demand
energy dropped 6.4 percent. The index for final demand foods moved down 0.6 percent. Conversely,
prices for final demand goods less foods and energy increased 0.2 percent.
Product detail: Nearly two-thirds of the June decline in the index for final demand goods can be
traced to prices for gasoline, which dropped 12.0 percent. The indexes for diesel fuel, jet fuel, fresh
vegetables (except potatoes), crude petroleum, and thermoplastic resins and materials also fell. In
contrast, prices for plastic products advanced 1.6 percent. The indexes for residential electric power
and for potatoes also increased. (See table 2.)
Final demand services: The index for final demand services rose 0.2 percent in June after falling 0.1
percent in May. Over 60 percent of the advance can be attributed to margins for final demand trade
services, which moved up 0.4 percent. (Trade indexes measure changes in margins received by
wholesalers and retailers.) Prices for final demand services less trade, transportation, and
warehousing increased 0.1 percent. Conversely, the index for final demand transportation and
warehousing services declined 0.1 percent.
Product detail: Half of the June increase in the index for final demand services can be traced to
margins for fuels and lubricants retailing, which jumped 13.0 percent. The indexes for securities
brokerage, dealing, and investment advice; furniture retailing; apparel, jewelry, footwear, and
accessories retailing; loan services (partial); and inpatient care also rose. In contrast, margins for
machinery and vehicle wholesaling declined 8.4 percent. The indexes for food and alcohol
wholesaling and for deposit services (partial) also fell.
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 |
|
June |
0.2 |
0.1 |
0.3 |
0.2 |
0.9 |
0.2 |
0.1 |
0.0 |
-0.6 |
0.2 |
2.4 |
2.6 |
July |
0.8 |
0.7 |
0.6 |
1.2 |
0.7 |
0.4 |
0.9 |
1.2 |
1.4 |
0.7 |
3.2 |
2.9 |
Aug. |
-0.2 |
0.3 |
0.2 |
-0.1 |
-0.2 |
0.4 |
-0.3 |
-2.1 |
0.6 |
0.3 |
2.7 |
3.0 |
Sept. |
0.6 |
0.2 |
0.6 |
0.8 |
2.0 |
0.2 |
0.6 |
1.6 |
0.7 |
0.2 |
3.0 |
3.0 |
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 |
0.3 |
0.3 |
0.5 |
2.1 |
0.0 |
4.3 |
3.6 |
Apr. |
1.1 |
0.5 |
1.9 |
0.2 |
7.2 |
0.7 |
0.7 |
1.3 |
3.7 |
0.1 |
5.7 |
4.4 |
May |
0.6 |
0.8 |
2.3 |
0.5 |
8.4 |
0.7 |
-0.1 |
-2.3 |
2.0 |
0.7 |
6.0 |
5.1 |
June |
-0.3 |
0.1 |
-1.4 |
-0.6 |
-6.4 |
0.2 |
0.2 |
0.4 |
-0.1 |
0.1 |
5.5 |
5.1 |
Intermediate Demand by Commodity Type
Within intermediate demand in June, prices for processed goods declined 1.2 percent, the index for
unprocessed goods fell 4.1 percent, and prices for services advanced 0.3 percent. (See tables B and
C.)
Processed goods for intermediate demand: The index for processed goods for intermediate
demand moved down 1.2 percent in June, the largest decrease since falling 2.3 percent in December
2022. The June decline is attributable to a 7.3-percent drop in prices for processed energy goods.
Conversely, the index for processed materials less foods and energy rose 0.6 percent, and prices for
processed foods and feeds edged up 0.1 percent. For the 12 months ended in June, the index for
processed goods for intermediate demand increased 11.1 percent.
Product detail: Leading the June decrease in the index for processed goods for intermediate demand,
prices for diesel fuel fell 18.0 percent. The indexes for gasoline, jet fuel, commercial electric power,
thermoplastic resins and materials, and ethanol also moved lower. In contrast, prices for plastic
products advanced 1.6 percent. The indexes for asphalt and for hot rolled steel bars, plates, and
structural shapes also rose.
Unprocessed goods for intermediate demand: The index for unprocessed goods for intermediate
demand moved down 4.1 percent in June, the largest decrease since falling 5.0 percent in May 2023.
Over 70 percent of the broad-based decline in June can be traced to an 8.1-percent drop in prices for
unprocessed energy materials. The indexes for unprocessed foodstuffs and feedstuffs and for
unprocessed nonfood materials less energy also decreased, 2.1 percent and 1.2 percent, respectively.
For the 12 months ended in June, prices for unprocessed goods for intermediate demand increased
13.0 percent.
Product detail: Leading the June decline in the index for unprocessed goods for intermediate
demand, prices for crude petroleum fell 12.1 percent. The indexes for grains, oilseeds, slaughter
barrows and gilts, slaughter steers and heifers, and raw cotton also moved lower. Conversely, prices
for natural gas rose 16.6 percent. The indexes for raw milk and for iron and steel scrap also
advanced.
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 |
|
June |
-0.1 |
-0.3 |
-0.1 |
0.0 |
1.8 |
2.2 |
0.9 |
5.1 |
0.7 |
0.6 |
July |
0.7 |
-0.2 |
2.2 |
0.4 |
2.1 |
1.3 |
0.7 |
1.9 |
1.5 |
0.2 |
Aug. |
0.4 |
0.6 |
0.2 |
0.4 |
2.6 |
-1.8 |
-0.4 |
-4.3 |
-0.5 |
1.7 |
Sept. |
0.2 |
0.7 |
0.1 |
0.2 |
3.7 |
-0.5 |
0.4 |
-2.8 |
1.2 |
3.6 |
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. |
2.9 |
0.6 |
12.8 |
0.7 |
6.8 |
-0.2 |
0.8 |
-1.2 |
0.8 |
9.5 |
Apr. |
2.7 |
0.4 |
7.4 |
1.7 |
9.5 |
1.7 |
0.2 |
5.0 |
-0.4 |
15.0 |
May |
2.8 |
0.6 |
7.7 |
1.7 |
12.5 |
3.2 |
4.0 |
3.0 |
2.5 |
20.6 |
June |
-1.2 |
0.1 |
-7.3 |
0.6 |
11.1 |
-4.1 |
-2.1 |
-8.1 |
-1.2 |
13.0 |
Services for intermediate demand: The index for services for intermediate demand rose 0.3 percent
in June following a 0.6-percent increase in May. Over 80 percent of the June advance can be
attributed to prices for services less trade, transportation, and warehousing for intermediate demand,
which moved up 0.4 percent. The index for trade services for intermediate demand rose 0.6 percent.
In contrast, prices for transportation and warehousing services for intermediate demand declined 0.3
percent. For the 12 months ended in June, the index for services for intermediate demand advanced
5.0 percent, the largest 12-month increase since rising 6.2 percent in February 2023.
Product detail: More than half of the June advance in the index for services for intermediate demand
can be traced to a 5.7-percent increase in prices for loan services (partial). The indexes for securities
brokerage, dealing, and investment advice; fuels and lubricants retailing; commissions from sales of
insurance; legal services; and data processing and related services also moved higher. Conversely,
prices for air mail and package delivery services (excluding USPS) fell 2.4 percent. The indexes for
food and alcohol wholesaling and for deposit services (partial) 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 |
|
June |
0.1 |
0.5 |
0.4 |
-0.1 |
1.6 |
July |
0.6 |
1.3 |
0.9 |
0.3 |
1.9 |
Aug. |
0.0 |
-1.9 |
0.3 |
0.5 |
1.9 |
Sept. |
0.3 |
1.5 |
0.4 |
-0.1 |
2.0 |
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 |
0.4 |
3.1 |
0.5 |
4.3 |
May |
0.6 |
-0.4 |
0.9 |
0.8 |
4.8 |
June |
0.3 |
0.6 |
-0.3 |
0.4 |
5.0 |
Intermediate Demand by Production Flow
Stage 4 intermediate demand: The index for stage 4 intermediate demand edged down 0.1 percent
in June, the first decline since a 0.3-percent decrease in October 2023. In June, prices for total goods
inputs to stage 4 intermediate demand fell 0.2 percent. In contrast, the index for total services inputs
inched up 0.1 percent. (See table D.) Declines in the indexes for diesel fuel, food and alcohol
wholesaling, gasoline, residential property management fees, and commercial electric power
outweighed advances in prices for securities brokerage, dealing, and investment advice; loan services
(partial); plastic products; and steel mill products. For the 12 months ended in June, the index for
stage 4 intermediate demand increased 6.5 percent.
Stage 3 intermediate demand: The index for stage 3 intermediate demand was unchanged in June
after advancing 1.7 percent in both May and April. In June, a 0.5-percent increase in prices for total
services inputs to stage 3 intermediate demand was offset by a 0.4-percent decrease in the index for
total goods inputs. Higher prices for loan services (partial), raw milk, asphalt, steel mill products, and
plastic products were offset by declines in the indexes for diesel fuel, grains, gasoline, slaughter
barrows and gilts, and deposit services (partial). For the 12 months ended in June, prices for stage 3
intermediate demand moved up 6.8 percent.
Stage 2 intermediate demand: The index for stage 2 intermediate demand decreased 1.2 percent in
June, the largest decline since moving down 1.2 percent in September 2024. In June, prices for total
goods inputs to stage 2 intermediate demand fell 3.6 percent. Conversely, the index for total services
inputs rose 0.6 percent. Declines in the indexes for crude petroleum, food and alcohol wholesaling,
diesel fuel, deposit services (partial), thermoplastic resins and materials, and oilseeds outweighed
increases in prices for loan services (partial), natural gas, and steel mill products. For the 12 months
ended in June, the index for stage 2 intermediate demand advanced 9.8 percent.
Stage 1 intermediate demand: The index for stage 1 intermediate demand fell 0.5 percent in June,
the largest decline since moving down 0.5 percent in September 2024. In June, prices for total goods
inputs to stage 1 intermediate demand decreased 1.3 percent. In contrast, the index for total services
inputs moved up 0.5 percent. Declines in the indexes for diesel fuel, gasoline, grains, jet fuel, food
and alcohol wholesaling, and crude petroleum outweighed advances in prices for securities
brokerage, dealing, and investment advice; iron and steel scrap; and aluminum base scrap. For the 12
months ended in June, the index for stage 1 intermediate demand increased 11.0 percent.
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 |
|
June |
0.1 |
0.1 |
0.1 |
0.1 |
-0.1 |
0.3 |
0.8 |
2.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
July |
0.7 |
0.5 |
0.9 |
0.7 |
1.0 |
0.4 |
0.5 |
0.9 |
0.2 |
0.9 |
0.8 |
1.1 |
Aug. |
0.2 |
0.4 |
0.0 |
0.0 |
0.1 |
0.0 |
-0.6 |
-1.3 |
-0.1 |
0.0 |
0.2 |
-0.2 |
Sept. |
0.3 |
0.4 |
0.2 |
0.1 |
-0.1 |
0.3 |
-0.1 |
-0.6 |
0.2 |
0.4 |
0.5 |
0.4 |
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 |
2.3 |
0.5 |
0.8 |
1.9 |
0.0 |
1.7 |
2.9 |
0.2 |
Apr. |
0.8 |
1.1 |
0.6 |
1.7 |
2.5 |
0.9 |
2.1 |
3.7 |
1.0 |
2.4 |
3.3 |
1.1 |
May |
1.1 |
1.4 |
0.9 |
1.7 |
2.8 |
0.5 |
1.8 |
3.9 |
0.3 |
2.6 |
3.9 |
0.8 |
June |
-0.1 |
-0.2 |
0.1 |
0.0 |
-0.4 |
0.5 |
-1.2 |
-3.6 |
0.6 |
-0.5 |
-1.3 |
0.5 |
________________
The Producer Price Index news release for July 2026 is scheduled to be published on Thursday,
August 13, 2026, at 8:30 a.m. (ET).
*****
Resampling of Industries - June 2026
Effective with the release of data for June 2026, the Producer Price Index (PPI) includes data for
22 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 June 2026, see the current
issue of the PPI Detailed Report online at www.bls.gov/ppi/detailed-report/ppi-detailed-report-
june-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
213111 Drilling oil and gas wells
236211 New industrial building construction
311211 Flour milling
311941 Mayonnaise, dressing, and sauce manufacturing
314110 Carpet and rug mills
315210 Cut and sew apparel contractors
315250 Cut and sew apparel manufacturing (except contractors)
325212 Synthetic rubber manufacturing
332431 Metal can manufacturing
332991 Ball and roller bearing manufacturing
333993 Packaging machinery manufacturing
335220 Major household appliance manufacturing
339994 Broom, brush, and mop manufacturing
429930 Material recyclers
488119 Other airport operations
516120 Television broadcasting stations
518210 Data processing, hosting, and related services
524210 Insurance agencies and brokerages
541110 Offices of lawyers
561330 Professional employer organizations
561510 Travel agencies
811310 Commercial machinery repair and maintenance
United States Department of Labor
