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Producer Price Index up 6.5 percent over year ending May 2026

June 23, 2026

The Producer Price Index for final demand increased 6.5 percent for the 12 months ended in May 2026, the largest 12-month rise since moving up 7.4 percent in November 2022.

Producer Price Index for final demand, 12-month percent change, not seasonally adjusted
MonthTotalGoodsFoodsEnergyServicesTradeTransportation and warehousing
May 2020-1.1-3.66.5-27.50.21.5-4.9
June 2020-0.7-2.60.6-17.20.31.2-3.9
July 2020-0.3-2.2-0.4-14.20.71.9-4.7
Aug 2020-0.3-1.6-0.1-12.30.31.1-5.2
Sept 20200.3-1.01.3-11.70.91.7-4.2
Oct 20200.6-1.02.2-12.61.32.5-3.4
Nov 20200.8-0.80.9-11.01.63.1-3.8
Dec 20200.80.0-0.2-6.81.31.9-5.9
Jan 20211.61.31.2-2.71.82.3-4.1
Feb 20213.03.54.55.92.63.4-2.9
Mar 20214.17.05.123.72.92.61.6
Apr 20216.510.97.348.94.53.89.0
May 20217.011.14.346.45.15.87.8
June 20217.611.910.936.05.56.88.0
July 20218.012.110.433.96.07.611.4
Aug 20218.712.713.033.06.810.013.2
Sept 20218.813.413.336.26.710.411.3
Oct 20218.914.310.643.06.29.410.9
Nov 20219.914.911.842.97.511.814.6
Dec 202110.013.413.131.68.414.217.0
Jan 202210.113.613.231.38.214.815.9
Feb 202210.414.414.033.08.416.416.8
Mar 202211.715.816.137.49.418.921.8
Apr 202211.216.416.339.88.316.720.6
May 202211.116.713.644.98.015.323.4
June 202211.217.612.552.97.814.822.9
July 20229.714.715.135.86.913.819.1
Aug 20228.712.312.826.66.512.516.8
Sept 20228.511.312.024.06.712.417.8
Oct 20228.210.513.021.36.711.916.9
Nov 20227.49.615.316.36.010.712.9
Dec 20226.47.914.39.45.39.210.8
Jan 20235.77.711.211.14.56.910.5
Feb 20234.75.36.74.64.25.07.8
Mar 20232.71.94.5-7.32.72.11.2
Apr 20232.30.72.5-8.32.82.2-3.2
May 20231.1-2.30.6-18.32.62.5-6.1
June 20230.3-4.30.4-23.92.51.3-6.9
July 20231.1-2.4-0.5-16.03.02.1-6.3
Aug 20231.90.4-0.8-3.02.71.2-5.4
Sept 20231.80.8-1.6-1.32.40.4-5.0
Oct 20231.1-1.1-2.4-9.42.20.0-4.5
Nov 20230.8-1.6-4.8-9.62.0-0.1-4.3
Dec 20231.1-0.5-4.1-4.71.8-1.5-4.4
Jan 20241.0-1.5-3.0-9.32.3-0.4-4.0
Feb 20241.60.20.2-4.22.40.0-2.3
Mar 20242.00.80.3-0.82.70.1-1.4
Apr 20242.31.20.20.92.90.10.3
May 20242.51.60.91.83.10.30.2
June 20242.91.31.4-0.73.83.00.4
July 20242.41.71.70.22.8-0.71.4
Aug 20242.1-0.12.4-8.73.10.50.6
Sept 20242.1-1.22.9-14.03.72.90.2
Oct 20242.80.22.6-8.04.13.60.1
Nov 20242.91.14.9-6.03.82.6-0.2
Dec 20243.51.94.7-2.04.34.43.0
Jan 20253.82.45.40.44.55.43.7
Feb 20253.41.75.9-3.64.34.32.6
Mar 20253.20.83.5-6.74.35.00.5
Apr 20252.40.42.9-8.13.34.21.1
May 20252.71.13.2-5.13.55.11.7
June 20252.41.73.0-2.22.83.11.1
July 20253.21.94.1-3.13.96.01.3
Aug 20252.72.13.4-1.83.02.62.8
Sept 20253.03.23.73.43.12.93.6
Oct 20252.82.73.8-0.42.91.33.4
Nov 20253.13.01.63.43.21.94.4
Dec 20253.12.61.20.23.43.52.2
Jan 20263.11.9-1.0-3.23.64.52.5
Feb 20263.42.5-0.4-0.33.85.03.3
Mar 20264.35.31.213.33.94.97.3
Apr 20265.77.52.222.75.06.611.3
May 20266.510.42.636.64.94.114.2

Producer prices for goods rose 10.4 percent over the year ended in May 2026, while energy prices rose 36.6 percent.

Prices for services rose 4.9 percent over the year, while prices for trade services rose 4.1 percent. Prices for transportation and warehousing services rose 14.2 percent.

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

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Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer Price Index up 6.5 percent over year ending May 2026 at https://www.bls.gov/opub/ted/2026/producer-price-index-up-6-5-percent-over-year-ending-may-2026.htm (visited June 23, 2026).