FX.co ★ U.S. ISM Non-Manufacturing Prices Rise Slightly in September 2025

In a modest development for the U.S. economy, the Institute for Supply Management's (ISM) Non-Manufacturing Prices Index experienced a slight uptick in September 2025, reaching a new peak of 69.4. This comes on the heels of the previous mark of 69.2 registered in August 2025, representing a minor but noteworthy increase. The updated data was released on October 3, 2025.

The ISM Non-Manufacturing Prices Index serves as a key indicator of inflationary trends within the U.S. service sector, which encompasses industries such as finance, healthcare, and hospitality. The latest figures suggest that while price pressures are mounting, the growth remains gradual. Industry analysts tend to closely monitor this index as it reflects the pricing power of service providers and can be an early signal of inflationary pressures in the broader economy.

With the slight rise recorded in September, stakeholders will likely keep a keen eye on future releases to assess whether this uptick marks the start of a more significant trend or remains an isolated movement within the service sector's pricing dynamics. As the U.S. economy navigates various post-pandemic challenges and fiscal policy adjustments, these data sets will help shape expectations and decisions in the months to come.