Updated: 10-Sep-26 09:14 ET
Highlights
- Total PPI was up 0.4% month-over-month in August (Briefing.com consensus 0.4%) after a revised 0.1% increase (from 0.0%) in July.
- Core PPI, which excludes food and energy, was up 0.2% month-over-month (Briefing.com consensus 0.3%) after increasing a revised 0.3% (from 0.2%) in July.
- Total PPI was up 5.4% year-over-year, up from 4.8% in July. Core PPI was up 4.6% year-over-year versus 4.3% in July.
- The index for final demand goods rose 1.1%, paced by a 4.2% increase in prices for final demand energy.
- The index for final demand services was up 0.1%, led by a 2.3% increase in final demand transportation and warehousing services.
- The index for processed goods for intermediate demand rose 1.8%, paced by a 7.3% jump in prices for processed energy goods.
- The index for unprocessed goods for intermediate demand rose 1.1%, mostly due to a 2.1% increase in prices for unprocessed nonfood materials less energy.
- The key takeaway from the report is that while the slightly cooler-than-expected core PPI was a positive sight, it was essentially masked by the upward revisions to readings for July, so this report reinforces the market's expectations for a rate hike as early as next week.
| Category | AUG | JUL | JUN | MAY | APR |
| Final Demand | 0.4% | 0.1% | -0.1% | 0.5% | 1.1% |
| Core (excluding ...) | |||||
| Food and Energy | 0.2% | 0.3% | 0.4% | 0.0% | 0.7% |
| Food, Energy, and Trade | 0.3% | 0.4% | 0.2% | 0.8% | 0.5% |
| Final Demand Goods | |||||
| Total | 1.1% | -0.4% | -1.4% | 2.2% | 1.9% |
| Energy | 4.2% | -1.8% | -6.8% | 8.2% | 7.1% |
| Finished Goods | -0.7% | -1.4% | 2.4%` | 1.6% | |
| Final Demand Services | |||||
| Total | 0.1% | 0.2% | 0.5% | -0.2% | 0.8% |
| Trade | -0.2% | -0.1% | 1.2% | -2.7% | 1.5% |
| Intermediate Demand | |||||
| Processed | 1.8% | -0.4% | -1.0% | 2.7% | 2.6% |
| Unprocessed | 1.1% | 0.7% | -6.5% | 3.0% | 1.9% |
| Services | 0.3% | 0.1% | 0.8% | 0.4% | 0.9% |
