U.S. PPI rose 6.5% in May 2026, highest since late 2022

The Producer Price Index roseate 6.5% implicit the 12 months ended successful May, the Bureau of Labor Statistics said Thursday, the steepest yearly wholesale ostentation since November 2022, erstwhile wholesale prices roseate 7.4%.

On a monthly basis, the scale for last request roseate 1.1% successful May, matching the April summation and continuing an acceleration from 0.7% successful March.

Nearly 80% of the monthly summation came from goods prices, which roseate 2.8% successful May — the largest single-month beforehand since the information bid began successful December 2009. Energy was the superior driver, with last request vigor prices jumping 10.7%. Gasoline unsocial accounted for much than fractional of the goods advance, surging 23.4%. Prices for diesel fuel, pitchy fuel, integrative resins and materials, concern chemicals, and earthy state liquids besides rose. Pork fell 10.1%.

Final request services prices roseate 0.3% successful May, a deceleration from 0.7% successful April. Portfolio absorption prices climbed 4.8%, accounting for much than 40% of the services gain. Transportation and warehousing services roseate 2.6%. Trade work margins fell 1.1%.

A intimately watched underlying measurement — last request little foods, energy, and commercialized services — roseate 0.8% successful May, the largest monthly summation since March 2022. Over the past 12 months, that scale is up 5.1%, the highest 12-month speechmaking since October 2022.

Earlier successful the proviso chain, terms pressures were besides wide and steep. Unprocessed goods for intermediate request roseate 4.9% successful May, pushing the 12-month summation to 22.2% — the highest since September 2022. Processed goods for intermediate request climbed 3.5% for the month, with a 12-month summation of 13.3%, the largest since August 2022.

Among the accumulation travel stages, the scale for signifier 1 intermediate request roseate 3.2% successful May, its largest monthly beforehand since the bid began successful December 2009, driven by concern chemicals, diesel fuel, gasoline, and aluminum basal scrap.