Producer Price Index News Release summary

Transmission of material in this release is embargoed until USDL 26-1495
8:30 a.m. (ET) Thursday, September 10, 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 - AUGUST 2026

The Producer Price Index for final demand moved up 0.4 percent in August, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.1 percent in July
and decreased 0.1 percent in June. (See table A.) On an unadjusted basis, the index for final
demand increased 5.4 percent for the 12 months ended in August.

In August, the index for final demand goods advanced 1.1 percent, and prices for final demand
services increased 0.1 percent.

The index for final demand less foods, energy, and trade services rose 0.3 percent in August after
moving up 0.4 percent in July. For the 12 months ended in August, prices for final demand less
foods, energy, and trade services advanced 4.7 percent.

Final Demand

Final demand goods: The index for final demand goods advanced 1.1 percent in August following
two consecutive decreases. Over three-fourths of the broad-based rise can be attributed to prices for
final demand energy, which moved up 4.2 percent. The indexes for final demand goods less foods
and energy and for final demand foods increased 0.4 percent and 0.1 percent, respectively.

Product detail: Over a third of the August increase in the index for final demand goods can be traced
to prices for diesel fuel, which jumped 24.1 percent. The indexes for gasoline, jet fuel, home heating
oil, candy and nuts, and tobacco products also advanced. In contrast, prices for residential electric
power fell 0.5 percent. The indexes for fresh sausage and for aluminum mill shapes also decreased.
(See table 2.)

Final demand services: The index for final demand services edged up 0.1 percent in August, the
third consecutive increase. The August advance can be attributed to a 2.3-percent rise in prices for
final demand transportation and warehousing services. Conversely, the index for final demand trade
services moved down 0.2 percent, while prices for final demand services less trade, transportation,
and warehousing were unchanged.

Product detail: Leading the August increase in the index for final demand services, prices for truck
transportation of freight advanced 2.0 percent. The indexes for airline passenger services, legal
services, hospital inpatient care, and automobiles retailing (partial) also rose. In contrast, margins for
fuels and lubricants retailing decreased 11.3 percent. The indexes for health, beauty, and optical
goods retailing; machinery and equipment wholesaling; and portfolio management also moved lower.

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.)
Month	Total final demand	Final demand less foods, energy, and trade	Total	Foods	Energy	Less foods and energy	Total	Trade	Transportation and warehousing	Other	Change in final demand from 12 months ago (unadj.)
2025
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	0.4	0.3	0.5	2.2	0.0	4.3	3.6
Apr.(1)	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(1)	0.5	0.8	2.2	0.6	8.2	0.7	-0.2	-2.7	2.2	0.7	5.9	5.0
June(1)	-0.1	0.2	-1.4	-0.6	-6.8	0.2	0.5	1.2	-0.3	0.2	5.6	5.0
July(1)	0.1	0.4	-0.4	-0.9	-1.8	0.2	0.2	-0.1	-1.1	0.5	4.8	4.7
Aug.	0.4	0.3	1.1	0.1	4.2	0.4	0.1	-0.2	2.3	0.0	5.4	4.7
Footnotes (1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April through July have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Commodity Type

Within intermediate demand in August, the index for processed goods increased 1.8 percent, prices
for unprocessed goods advanced 1.1 percent, and the index for services rose 0.3 percent. (See tables
B and C.)

Processed goods for intermediate demand: The index for processed goods for intermediate
demand moved up 1.8 percent in August after falling 0.4 percent in July. Over 80 percent of the
advance is attributable to prices for processed energy goods, which increased 7.3 percent. The index
for processed materials less foods and energy rose 0.5 percent. Conversely, prices for processed
foods and feeds inched down 0.1 percent. For the 12 months ended in August, the index for
processed goods for intermediate demand advanced 11.5 percent.

Product detail: Nearly two-thirds of the August rise in the index for processed goods for intermediate
demand can be traced to a 24.1-percent increase in prices for diesel fuel. The indexes for jet fuel;
gasoline; printed circuit assemblies, boards, modules, and modems; basic organic chemicals; and
heating oil also moved higher. In contrast, prices for fluid milk products decreased 3.1 percent. The
indexes for aluminum mill shapes and for utility natural gas also declined.

Unprocessed goods for intermediate demand: The index for unprocessed goods for intermediate
demand advanced 1.1 percent in August following a 0.7-percent increase in July. Nearly 60 percent
of the August rise is attributable to prices for unprocessed nonfood materials less energy, which
moved up 2.1 percent. The index for unprocessed energy materials advanced 1.5 percent. Conversely,
prices for unprocessed foodstuffs and feedstuffs edged down 0.1 percent. For the 12 months ended in
August, the index for unprocessed goods for intermediate demand increased 12.8 percent.

Product detail: A 3.7-percent rise in prices for nonferrous scrap was a major factor in the August
advance in the index for unprocessed goods for intermediate demand. Prices for crude petroleum;
slaughter poultry; corn; nonferrous metal ores; and hay, hayseeds, and oilseeds also increased. In
contrast, the index for slaughter cattle fell 6.4 percent. Prices for natural gas and for iron and steel
scrap also decreased.

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
Month	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
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.	3.0	0.6	12.8	0.8	6.9	-0.2	0.8	-1.2	0.8	9.5
Apr.(1)	2.6	0.4	7.3	1.6	9.5	1.9	0.3	5.4	-0.4	15.2
May(1)	2.7	0.6	7.5	1.6	12.4	3.0	4.0	2.5	2.4	20.5
June(1)	-1.0	0.1	-7.1	0.7	11.2	-6.5	-3.7	-12.9	-1.7	10.2
July(1)	-0.4	-0.5	-2.0	0.1	10.1	0.7	0.7	0.0	1.6	9.6
Aug.	1.8	-0.1	7.3	0.5	11.5	1.1	-0.1	1.5	2.1	12.8
Footnotes (1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April through July have been revised to reflect the availability of late reports and corrections by respondents.

Services for intermediate demand: The index for services for intermediate demand increased 0.3 
percent in August after inching up 0.1 percent in July. About 70 percent of the August advance can be 
attributed to a 1.3-percent rise in prices for transportation and warehousing services for intermediate 
demand. Margins for trade services for intermediate demand moved up 1.0 percent. Conversely, the 
index for services less trade, transportation, and warehousing for intermediate demand declined 0.1 
percent. For the 12 months ended in August, prices for services for intermediate demand increased 
5.1 percent.

Product detail: A major factor in the August advance in prices for services for intermediate demand 
was the index for courier, messenger, and U.S. postal services, which rose 1.5 percent. The indexes 
for legal services; truck transportation of freight; airline passenger services; loan services (partial); 
and hardware, building material, and supplies retailing also moved higher. In contrast, prices for 
management, scientific, and technical consulting services fell 4.6 percent. The indexes for temporary 
help services and for fuels and lubricants retailing also decreased.

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
Month	Total	Trade	Transportation and warehousing	Other	Total, change from 12 months ago (unadj.)
2025
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.(1)	0.9	0.9	3.1	0.4	4.3
May(1)	0.4	-1.1	1.0	0.7	4.6
June(1)	0.8	2.4	-0.2	0.5	5.4
July(1)	0.1	-0.4	-0.2	0.4	4.9
Aug.	0.3	1.0	1.3	-0.1	5.1
Footnotes (1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April through July have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Production Flow

Stage 4 intermediate demand: Prices for stage 4 intermediate demand rose 0.4 percent in August,
the same as in both July and June. In August, the index for total goods inputs to stage 4 intermediate
demand advanced 0.7 percent, and prices for total services inputs moved up 0.2 percent. (See table
D.) Rising prices for diesel fuel; transportation of freight and mail; legal services; printed circuit
assemblies, boards, modules, and modems; gasoline; and automotive job stampings outweighed
decreases in the indexes for management, scientific, and technical consulting services; portfolio
management; and aluminum mill shapes. For the 12 months ended in August, prices for stage 4
intermediate demand moved up 6.7 percent.

Stage 3 intermediate demand: The index for stage 3 intermediate demand increased 0.8 percent in
August after falling 0.2 percent in July. In August, prices for total goods inputs to stage 3
intermediate demand advanced 1.0 percent, and the index for total services inputs moved up 0.5
percent. Rising prices for diesel fuel; slaughter poultry; cable network advertising time sales; truck
transportation of freight; printed circuit assemblies, boards, modules and modems; and legal services
outweighed declines in the indexes for raw milk; slaughter cattle; and management, scientific, and
technical consulting services. For the 12 months ended in August, prices for stage 3 intermediate
demand advanced 6.5 percent.

Stage 2 intermediate demand: The index for stage 2 intermediate demand increased 0.8 percent in
August after edging down 0.1 percent in July. In August, prices for total goods inputs to stage 2
intermediate demand rose 1.8 percent, and the index for total services inputs advanced 0.1 percent.
Increasing prices for crude petroleum, diesel fuel, legal services, natural gas liquids, jet fuel, and
paperboard outweighed decreases in the indexes for natural gas; management, scientific, and
technical consulting services; and fuels and lubricants retailing. For the 12 months ended in August,
prices for stage 2 intermediate demand jumped 9.7 percent.

Stage 1 intermediate demand: The index for stage 1 intermediate demand increased 1.4 percent in
August after declining 0.1 percent in July. In August, prices for total goods inputs to stage 1
intermediate demand jumped 2.1 percent, and the index for total services inputs moved up 0.5
percent. Rising prices for diesel fuel, nonferrous scrap, basic organic chemicals, jet fuel, gasoline,
and truck transportation of freight outweighed decreases in the indexes for fuels and lubricants
retailing, iron and steel scrap, and portfolio management. For the 12 months ended in August, prices
for stage 1 intermediate demand advanced 11.3 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
Month	Total	Goods inputs	Services inputs	Total	Goods inputs	Services inputs	Total	Goods inputs	Services inputs	Total	Goods inputs	Services inputs
2025
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	2.4	0.5	0.8	1.9	0.0	1.7	3.0	0.2
Apr.(1)	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)	1.0	1.4	0.7	1.6	2.8	0.5	1.5	3.4	0.2	2.5	3.9	0.6
June(1)	0.4	-0.1	0.8	-0.1	-0.9	0.7	-1.8	-5.5	0.8	-0.2	-1.2	1.0
July(1)	0.4	0.4	0.4	-0.2	-0.2	-0.1	-0.1	-0.3	0.0	-0.1	-0.5	0.3
Aug.	0.4	0.7	0.2	0.8	1.0	0.5	0.8	1.8	0.1	1.4	2.1	0.5
Footnotes (1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for April through July have been revised to reflect the availability of late reports and corrections by respondents.

________________
The Producer Price Index news release for September 2026 is scheduled to be published on Thursday, 
October 15, 2026, at 8:30 a.m. (ET).

Technical notes

Table 1. Producer price index percent changes and weights for Final Demand - Intermediate Demand groupings, seasonally adjusted

Table 2. Producer price index percent changes for selected commodity groupings by Final Demand - Intermediate Demand category, seasonally adjusted

Table 3. Producer price indexes Final Demand - Intermediate Demand groupings, seasonally adjusted

HTML version of the entire news release

The PDF version of the news release

News release charts

Supplemental Files Table of Contents

Table of Contents

Last Modified Date: September 10, 2026