FX.co ★ U.S. Core PPI Ex-Transport Accelerates in May, Signaling Firm Underlying Price Pressures

The U.S. Producer Price Index excluding food, energy, and transport rose 0.8% month-over-month in May 2026, marking a pickup in underlying wholesale inflation pressures. The latest reading, updated on 11 June 2026, compares with a 0.6% increase in April 2026.

On a month-over-month basis, May’s gain shows that core producer prices are rising at a faster pace than in the previous period, underscoring persistent cost pressures even after stripping out more volatile components such as food, energy, and transportation. The comparison framework evaluates May’s change relative to April, while the prior figure reflects April’s change versus March.

The continued acceleration in this core measure may draw attention from investors and policymakers watching for signs of whether producer-level inflation is stabilizing or re-intensifying, as it often feeds through into consumer prices and corporate margins over time.