FX.co ★ US Core PPI Rises Less than Anticipated

In May 2026, core producer prices in the United States—excluding food and energy—rose 0.4% from the previous month. This followed a downwardly revised 0.7% increase in April and came in slightly below market expectations of a 0.5% gain.

Within the core index, final demand goods prices excluding food and energy climbed 0.8% after a 0.7% rise in April, while prices for services increased 0.3%, easing from a 0.7% gain in the prior month.

On an annual basis, core producer prices advanced 4.9%, unchanged from April’s revised rate and below consensus forecasts of a 5.4% increase.