Inflationary pressures in the U.S. services sector intensified in July, with the ISM Non-Manufacturing Prices Index rising to 70.3 from 67.7 in June 2026. The latest reading, updated on 5 August 2026, underscores a further pickup in input and operating costs for service providers.
The move higher from June’s level suggests that price growth within the vast non-manufacturing segment of the economy remains robust. Market participants and policymakers closely track this gauge as the services sector accounts for a substantial share of U.S. economic activity, and persistent price increases here can influence broader inflation dynamics and interest-rate expectations.
With July’s data marking a continuation of elevated price readings, the report reinforces the view that cost pressures in services are still strong, potentially shaping upcoming discussions around monetary policy and investor sentiment toward U.S. assets.