Producer Price Index up 6.3 percent in September; largest 12-month increase since December 2022

The Producer Price Index for final demand climbed 6.3 percent for the 12 months ended in September 2026, the largest 12-month increase since rising 6.4 percent in December 2022. Prices for final demand goods advanced 9.8 percent in September, while prices for final demand services rose 4.9 percent. 

Among final demand goods, energy prices rose 35.4 percent over the year, driven by a 64.3 percent increase in prices for gasoline, a 115.2 percent increase in diesel prices, and a 117.5 percent rise in prices for home heating oil.

In the services category, prices rose 16.0 percent for transportation and warehousing services. Some of the largest increases in transportation and warehousing were truck transportation of freight and water transportation of freight (both 19.3 percent), and airline passenger services, which rose 16.6 percent over the year.

These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see Producer Price Indexes — September 2026. We also have more charts related to the latest Producer Price Indexes news release. Producer price indexes measure prices U.S. producers receive for goods, services, and construction. All producer price data are subject to revision in each month after initial publication before becoming final 4 months after initial publication.