US Core PPI Growth Cools to 0.5% in February, Easing from January Spike

Core producer price inflation in the United States eased in February 2026, with the month‑over‑month Core PPI slowing to 0.5% from 0.8% in January. The data, updated on 18 March 2026, indicate that underlying producer price pressures moderated somewhat after a stronger start to the year.

The Core PPI measure, which tracks changes in producer prices excluding more volatile components, compares price growth in a given month to the previous month. January’s 0.8% increase reflected a sharp pickup from December, while February’s 0.5% reading suggests a partial cooling in that momentum.

The latest figures will be closely watched by market participants and policymakers as they assess whether producer-level inflation is stabilizing after recent volatility, and what that might imply for future consumer prices and the broader inflation outlook.