Updated: 27-Feb-26 09:27 ET
Highlights
- The Producer Price Index for final demand increased 0.5% month-over-month (Briefing.com consensus: 0.3%) following a downwardly revised 0.4% increase (from 0.5%) in December.
- The Producer Price Index for final demand, excluding food and energy, surged 0.8% month-over-month (Briefing.com consensus: 0.3%) following a 0.6% increase in December.
- The Producer Price Index for final demand was up 2.9% year-over-year, versus 3.0% in December, but the Producer Price Index for final demand, excluding food and energy, was up 3.6%, versus 3.3% in December.
- The index for final demand goods decreased 0.3% following a 0.1% decline in December.
- The index for final demand services jumped 0.8%, driven largely by a 2.5% increase in margins for final demand trade services.
- The index for processed goods for intermediate demand was unchanged for the second straight month.
- The index for unprocessed goods for intermediate demand declined 0.5% following a 1.9% increase in December.
- The key takeaway from the report was rooted in the worrying core-PPI component, as that will foment concerns about pass-through to consumer prices that will likely keep the Fed leery about cutting rates soon.
| Category | JAN | DEC | NOV | OCT | SEP |
| Final Demand | 0.5% | 0.4% | 0.2% | 0.1% | 0.6% |
| Core (excluding ...) | |||||
| Food and Energy | 0.8% | 0.6% | 0.1% | 0.3% | 0.5% |
| Food, Energy, and Trade | 0.3% | 0.3% | 0.3% | 0.6% | 0.2% |
| Final Demand Goods | |||||
| Total | 0.0% | 0.8% | -0.4% | 0.8% | |
| Energy | -2.7% | -1.5% | 3.2% | -2.2% | 2.0% |
| Finished Goods | -0.8% | 0.1% | 0.9% | -0.4% | 0.8% |
| Final Demand Services | |||||
| Total | 0.8% | 0.7% | 0.1% | 0.2% | 0.6% |
| Trade | 2.5% | 1.8% | -0.5% | -0.9% | 1.6% |
| Intermediate Demand | |||||
| Processed | 0.0% | 0.0% | 0.5% | -0.1% | 0.2% |
| Unprocessed | -0.5% | 1.9% | 1.2% | -1.3% | -0.5% |
| Services | 0.3% | 0.6% | 0.2% | 0.3% | 0.3% |
