Producer Price Index News Release summary - 2026 M05 Results

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Producer Price Index News Release summary

Transmission of material in this release is embargoed until USDL 26-0826<br>8:30 a.m. (ET) Thursday, June 11, 2026

Technical information: (202) 691-7705 * ppi-info@bls.gov * www.bls.gov/ppi<br>Media contact: (202) 691-5902 * PressOffice@bls.gov

PRODUCER PRICE INDEXES - MAY 2026

The Producer Price Index for final demand rose 1.1 percent in May, seasonally adjusted, the U.S.<br>Bureau of Labor Statistics reported today. Final demand prices advanced 1.1 percent in April and<br>0.7 percent in March. (See table A.) On an unadjusted basis, the index for final demand increased<br>6.5 percent for the 12 months ended in May, the largest 12-month rise since moving up 7.4<br>percent in November 2022.

Nearly 80 percent of the May advance in final demand prices is attributable to a 2.8-percent<br>increase in the index for final demand goods. Prices for final demand services moved up 0.3<br>percent.

The index for final demand less foods, energy, and trade services rose 0.8 percent in May, the<br>largest advance since increasing 0.9 percent in March 2022. For the 12 months ended in May,<br>prices for final demand less foods, energy, and trade services moved up 5.1 percent, the largest<br>12-month rise since jumping 5.5 percent in October 2022.

Final Demand

Final demand goods: The index for final demand goods moved up 2.8 percent in May, the largest<br>increase since data were first calculated in December 2009. Eighty percent of the broad-based<br>advance can be traced to a 10.7-percent jump in prices for final demand energy. The indexes for final<br>demand goods less foods and energy and for final demand foods also rose, 0.8 percent and 0.6<br>percent, respectively.

Product detail: Over half of the May advance in prices for final demand goods is attributable to a<br>23.4-percent increase in the index for gasoline. Prices for diesel fuel, jet fuel, plastic resins and<br>materials, industrial chemicals, and natural gas liquids also rose. In contrast, the index for pork fell<br>10.1 percent. Prices for residential electric power and for sanitary paper products also declined. (See<br>table 2.)

Final demand services: The index for final demand services moved up 0.3 percent in May following<br>a 0.7-percent advance in April. Leading the May increase, prices for final demand services less trade,<br>transportation, and warehousing rose 0.7 percent. The index for final demand transportation and<br>warehousing services moved up 2.6 percent. Conversely, margins for final demand trade services<br>decreased 1.1 percent. (Trade indexes measure changes in margins received by wholesalers and<br>retailers).

Product detail: Over 40 percent of the May advance in the index for final demand services can be<br>traced to a 4.8-percent rise in prices for portfolio management. The indexes for truck transportation<br>of freight; securities brokerage, dealing, investment advice, and related services; chemicals and allied<br>products wholesaling; food wholesaling; and airline passenger services also increased. In contrast,<br>margins for machinery and equipment wholesaling fell 1.9 percent. The indexes for fuels and<br>lubricants retailing and for residential real estate loans (partial) also moved lower.

Table A. Monthly and 12-month percent changes in selected final demand price indexes, seasonally adjusted

Month<br>Total<br>final<br>demand<br>Final<br>demand<br>less<br>foods,<br>energy,<br>and<br>trade<br>Final demand goods<br>Final demand services<br>Change<br>in final<br>demand<br>from 12<br>months<br>ago<br>(unadj.)<br>Change<br>in final<br>demand<br>less<br>foods,<br>energy,<br>and<br>trade<br>from 12<br>mo. ago<br>(unadj.)

Total<br>Foods<br>Energy<br>Less<br>foods<br>and<br>energy<br>Total<br>Trade<br>Transportation<br>and<br>warehousing<br>Other

2025

May

0.3<br>0.1<br>0.1<br>0.2<br>-0.2<br>0.3<br>0.4<br>1.3<br>0.0<br>0.1<br>2.7<br>2.7

June

0.2<br>0.1<br>0.3<br>0.2<br>0.9<br>0.2<br>0.1<br>0.0<br>-0.6<br>0.2<br>2.4<br>2.6

July

0.8<br>0.7<br>0.6<br>1.2<br>0.7<br>0.4<br>0.9<br>1.2<br>1.4<br>0.7<br>3.2<br>2.9

Aug.

-0.2<br>0.3<br>0.2<br>-0.1<br>-0.2<br>0.4<br>-0.3<br>-2.1<br>0.6<br>0.3<br>2.7<br>3.0

Sept.

0.6<br>0.2<br>0.6<br>0.8<br>2.0<br>0.2<br>0.6<br>1.6<br>0.7<br>0.2<br>3.0<br>3.0

Oct.

0.1<br>0.6<br>-0.2<br>-0.4<br>-2.2<br>0.5<br>0.2<br>-0.9<br>0.0<br>0.7<br>2.8<br>3.5

Nov.

0.4<br>0.3<br>0.8<br>0.1<br>3.4<br>0.2<br>0.3<br>0.2<br>0.8<br>0.2<br>3.1<br>3.6

Dec.

0.4<br>0.1<br>-0.1<br>-0.2<br>-1.5<br>0.4<br>0.6<br>1.8<br>0.2<br>0.0<br>3.1<br>3.4

2026

Jan.(1)

0.6<br>0.5<br>-0.1<br>-1.3<br>-1.7<br>0.7<br>0.9<br>2.0<br>1.0<br>0.3<br>3.1<br>3.5

Feb.(1)

0.5<br>0.5<br>1.0<br>2.3<br>2.1<br>0.3<br>0.3<br>-0.3<br>0.8<br>0.5<br>3.4<br>3.5

Mar.(1)

0.7<br>0.2<br>2.0<br>-0.6<br>10.4<br>0.3<br>0.2<br>0.4<br>2.1<br>0.0<br>4.3<br>3.6

Apr.(1)

1.1<br>0.5<br>1.9<br>0.2<br>7.5<br>0.7<br>0.7<br>1.3<br>3.8<br>0.1<br>5.7<br>4.4

May

1.1<br>0.8<br>2.8<br>0.6<br>10.7<br>0.8<br>0.3<br>-1.1<br>2.6<br>0.7<br>6.5<br>5.1

Footnotes

(1) Some of the figures shown above and elsewhere in this release may differ from those previously reported because data for January through April have been revised to reflect the availability of late reports and corrections by respondents.

Intermediate Demand by Commodity Type

Within intermediate demand in May, prices for processed goods increased 3.5 percent, the index for<br>unprocessed goods...