FX.co ★ US ISM Non-Manufacturing Prices Dip Slightly in December

In an anticipated shift, the United States ISM Non-Manufacturing Prices experienced a slight decline, as reported on January 7, 2026. The index, which previously settled at 65.4 in November 2025, eased to 64.3 in December 2025, indicating a modest deceleration in the growth rate of service sector prices.

This change comes amidst a broader economic landscape where inflationary pressures have been a point of concern for policymakers and businesses alike. The decrease reflects subtle but noteworthy trends in pricing within the non-manufacturing industries, potentially suggesting a stabilization in cost increases following a period of robust activity.

The ISM Non-Manufacturing Prices Index is a critical measure, closely watched by economists and market analysts, as it offers insights into the pricing power and inflationary trends within the vast US service sector. The recent data point to a possible re-balancing, which might influence future monetary policy decisions. As such, stakeholders in various sectors will be monitoring these developments closely as 2026 progresses.