US PPI Releases 15 July 2026

 

PPI  MoM  :   -0.3% 

Core PPI MoM :  0.2%

NY Empire State Manufacturing Index    :     15.60       

Here's the latest on US PPI:

Most recent published data — May 2026 (released June 11, 2026):

• Final demand PPI rose 1.1 percent in May, seasonally adjusted, following gains of 1.1 percent in April and 0.7 percent in March.
• On an unadjusted 12-month basis, final demand prices rose 6.5 percent through May — the largest 12-month increase since a 7.4 percent rise in November 2022.
• Roughly 80 percent of the May increase came from a 2.8 percent jump in final demand goods prices, while services prices rose 0.3 percent.
• Upstream pressure was even sharper: stage 1 intermediate demand prices rose 3.2 percent in May — the largest increase since the series began in December 2009 — and were up 12.3 percent year-over-year. Stage 2 intermediate demand prices rose 12.5 percent over the 12 months, the largest advance since a 16.1 percent rise in September 2022.
• Key drivers included rising prices for industrial chemicals, diesel fuel, gasoline, aluminum base scrap, jet fuel, and securities brokerage/investment advisory services, partly offset by declines in fuels/lubricants retailing and natural gas.

What's next: The June 2026 PPI report is scheduled for release today, July 15, 2026, at 8:30 a.m. ET (6:00 p.m. IST). Markets are watching closely — May's wholesale inflation was already running hot at 6.5% YoY, and this print comes right after yesterday's June CPI, which surprised to the downside (headline CPI fell 0.4% for the month, largely on a sharp drop in gasoline prices after the earlier Iran-related energy spike faded). If June PPI cools similarly, it would reinforce the Fed's wait-and-see stance; a hot reading would revive concern about sticky pipeline inflation.