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Producer prices rose 3.0 percent from November 2024 to November 2025
January 22, 2026
The Producer Price Index for final demand advanced 3.0 percent from November 2024 to November 2025. Prices for final demand goods increased 3.2 percent, while prices for final demand services rose 2.9 percent.
12-month percent changes in the Producer Price Indexes for selected final demand components, not seasonally adjusted, November 2025
Commodity
12-month percent change
Goods
3.2
Foods
1.8
Fresh fruits and melons
-7.6
Fresh and dry vegetables
0.9
Meats
12.8
Processed poultry
-2.0
Dairy products
-6.0
Soft drinks
2.6
Energy
4.0
Residential electric power
7.7
Residential natural gas
10.4
Gasoline
-1.7
Jet fuel
10.6
Home heating oil and distillates
8.9
No. 2 diesel fuel
7.0
Goods less foods and energy
3.3
Industrial chemicals
-1.6
Pharmaceutical preparations
-0.4
Passenger cars
0.4
Trucks, 14,000 lbs. and under
1.7
Aircraft and aircraft equipment
2.1
Cigarettes, including nontobacco
11.4
Services
2.9
Trade services
1.0
Machinery and equipment and parts and supplies wholesaling
0.0
Food and alcohol retailing
1.1
Health and beauty retailing, including optical goods
1.0
Apparel, jewelry, footwear, and accessories retailing
5.9
Automobiles and automobile parts retailing
-3.8
Fuels and lubricants retailing
7.2
Transportation and warehousing services
3.8
Rail transportation of freight and mail
1.9
Truck transportation of freight
4.2
Water transportation of freight
0.6
Air transportation of freight
1.9
Courier, messenger, and U.S. postal service
7.2
Airline passenger services
2.6
Less trade, transportation, and warehousing
3.6
Loan services (partial)
-16.9
Securities brokerage, dealing, investment advice, and related services
0.7
Portfolio management
16.7
Outpatient care (partial)
1.9
Inpatient care
3.8
Traveler accommodation services
1.7
Note: All data are subject to revision up to 4 months after originally published.
The increase in producer prices for final demand goods over the year ended November 2025 included a 1.8-percent increase in prices for food and a 4.0-percent increase in energy prices. Within services, prices for trade rose 1.0 percent, while transportation and warehousing prices increased 3.8 percent. Prices for final demand less foods, energy, and trade services climbed 3.5 percent, the largest 12-month increase since rising 3.5 percent in March.
These data are from the Producer Price Indexes program and are not seasonally adjusted. To learn more, see "Producer Price Indexes — November 2025." 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. We also have more charts of the latest Producer Price Indexes data.
United States Department of Labor
