August PPI: Results, market reaction, and key takeaway
Final-demand PPI rose 0.4% MoM in August after a revised 0.1% increase in July, lifting annual inflation to 5.4%. Goods rose 1.1% and services 0.1%; excluding food, energy, and trade services, prices rose 0.3% MoM and 4.7% YoY.
📊 Results
Actual Reading
💡 Key Takeaway
Energy drove more than three-quarters of the goods-price increase. Producer inflation strengthened, but the energy-heavy composition should be distinguished from broad services inflation.
📖 Why This Matters
August wholesale prices measure renewed pipeline pressure before the September Fed meeting.
August PPI actual vs expected
| Release date | Thursday, September 10, 2026 at 08:30 ET |
|---|---|
| Event type | PPI |
| Actual | 0.4% MoM |
| Prior | 0.1% MoM |
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🔗 Related Events
January PPI
Hot — headline PPI +0.5% MoM (vs +0.3% expected), driven by services costs surging. Core PPI +3.6% YoY. Tariff passthrough showing up in producer prices.
February PPI
Producer prices jumped 0.7% MoM in February, well above the 0.3% consensus. The yearly pace accelerated to 3.4%, showing pipeline inflation was heating up before second-round war effects fully hit.
March PPI
Producer prices rose 0.4% MoM in March, hotter than the 0.2% consensus, with headline PPI accelerating to 3.5% YoY and core measures staying sticky. The report reinforced the idea that pipeline inflation pressure was still building after the war-driven energy shock.