US Producer Prices Accelerate
Producer prices in the US increased 0.4% mom in August 2026, following an upwardly revised 0.1% rise in July and in line with expectations. It is the biggest increase in three months, led by a 1.1% jump in prices of goods after declines in each of the previous two months, with diesel fuel jumping 24.1%. ...
In August 2026, US producer prices surged by 0.4% month-over-month, matching forecasts and marking the largest increase in three months. This sharp rise was primarily driven by a significant 1.1% surge in goods prices after two consecutive declines. Diesel fuel prices jumped by a notable 24.1%, while gasoline, jet fuel, home heating oil, candy, nuts, and tobacco products also experienced price hikes.
Conversely, residential electric power prices fell by 0.5%. Services costs rose by a modest 0.1%, with truck transportation of freight seeing the most substantial increase at 2%. Airline passenger services, legal services, hospital inpatient care, and automobile retailing also noted price increases. Year-over-year, producer inflation accelerated to 5.4%, slightly higher than the 5.3% forecast.
When food and energy are excluded, producer prices rose by 0.2% month-over-month and 4.6% year-over-year, slightly above the 0.3% and 4.3% expectations.
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