Producer Price Index (PPI)

United States Wholesale Inflation Data · Source: BLS via Benzinga Economic Calendar

PPI YoY
6.3%
+1.00% vs est
Core YoY
5%
+0.60% vs est
PPI MoM
1.3%
+0.80% vs est
Core MoM
0.7%
+0.40% vs est
Next Release
Nov 13, 2026
Oct 2026

Latest Release Details

Sep 2026 · Released Oct 15, 2026

SeriesActualForecastPriorSurprise
PPI (YoY)6.3%5.3%5.6%+1.00%
Core PPI (YoY)5%4.4%4.8%+0.60%
PPI (MoM)1.3%0.5%0.5%+0.80%
Core PPI (MoM)0.7%0.3%0.2%+0.40%
Source: U.S. Bureau of Labor Statistics · Data delivered via Benzinga APIs

PPI vs Core PPI — Year-over-Year Change

What is the Producer Price Index (PPI)?

The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. Where the CPI tracks prices from the buyer's side, the PPI tracks them from the seller's side — making it an early read on inflation pressure moving through the supply chain.

Published monthly by the U.S. Bureau of Labor Statistics (BLS), the headline Final Demand index covers goods, services, and construction sold to personal consumption, capital investment, government, and export.

Key Measures:

  • Headline PPI (YoY): Year-over-year change in final demand prices — the broadest gauge of producer inflation
  • Core PPI (YoY): Excludes food and energy — strips out the most volatile components to show the underlying trend
  • PPI (MoM): Month-over-month change — the current pace of wholesale price movement
  • Core PPI (MoM): Month-over-month core change — watched for early shifts in pipeline inflation

Why It Matters:

  • Rising producer costs often pass through to consumers, so PPI can lead changes in CPI
  • Several PPI components feed directly into the PCE price index, the Fed's preferred inflation gauge
  • Markets react to PPI surprises, especially when the release lands alongside CPI week
  • Businesses use PPI to set price-escalation clauses in long-term sales and purchase contracts

Related: the Consumer Price Index (CPI) tracks the same inflation from the consumer side.

PeriodPPI YoYCore YoYPPI MoMCore MoMTrend
Sep 20266.3%5%1.3%0.7%Rising from prior
Aug 20265.4%4.6%0.4%0.2%Rising from prior
Jul 20264.7%4.2%0%0.2%Falling from prior
Jun 20265.5%4.7%-0.3%0.2%Falling from prior
May 20266.5%4.9%1.1%0.4%Rising from prior
Apr 20266%5.2%1.4%1%Rising from prior
Mar 20264%3.8%0.5%0.1%Rising from prior
Feb 20263.4%3.9%0.7%0.5%Rising from prior
Jan 20262.9%3.6%0.5%0.8%Falling from prior
Dec 20253%3.3%0.5%0.7%Unchanged from prior
Oct 20253%3%0.2%0%Rising from prior
Sep 20252.7%2.6%0.3%0.1%Unchanged from prior
Aug 20252.6%2.8%-0.1%-0.1%Falling from prior
Jul 20253.3%3.7%0.9%0.9%Rising from prior
Jun 20252.3%2.6%0%0%Falling from prior
May 20252.6%3%0.1%0.1%Rising from prior
Apr 20252.4%3.1%-0.5%-0.4%Falling from prior
Mar 20252.7%3.3%-0.4%-0.1%Falling from prior
Feb 20253.2%3.4%0%-0.1%Falling from prior
Jan 20253.5%3.6%0.4%0.3%Unchanged from prior
Dec 20243.3%3.5%0.2%0%Rising from prior
Nov 20243%3.4%0.4%0.2%Rising from prior
Oct 20242.4%3.1%0.2%0.3%Rising from prior
Sep 20241.8%2.8%0%0.2%Falling from prior