July PPI: 0% MoM vs 0.2% MoM expected (below expectations)
July PPI was flat MoM versus a 0.2% increase expected, while the annual final-demand rate cooled to 4.7% from 5.5%. Goods prices fell 0.7% as energy dropped 3.1%, offsetting a 0.2% rise in services.
📊 Results
Actual Reading
Market Reaction
💡 Key Takeaway
Another cool inflation print took pressure off the Fed after weak payrolls and softer CPI. The caveat is that portfolio-management prices jumped 6.5%, a PCE-relevant detail that keeps the July PCE release important.
📖 Why This Matters
Wholesale inflation follow-through after CPI: pipeline pressure or another relief print?
July PPI actual vs expected
| Release date | Thursday, August 13, 2026 at 08:30 ET |
|---|---|
| Event type | PPI |
| Actual | 0% MoM |
| Expected | 0.2% MoM |
| Prior | -0.1% MoM |
| Expectation surprise | below expectations |
📚 Related calendar tools and guides
How to Read the Fed Dot Plot
Connect inflation, jobs, and growth data to the Fed policy path.
Economic Calendar
Track upcoming CPI, PPI, jobs, GDP, Fed, and major earnings events.
Calendar History
Review actual vs expected results and market reactions from past events.
Market Pulse
See how equities, crypto, rates, commodities, and risk assets are reacting now.
FAQ
What was the July PPI result?
July PPI came in at 0% MoM versus 0.2% MoM expected, below expectations.
How did markets react to July PPI?
Stocks rallied on the softer inflation read, with the S&P 500 up about 0.7% and Nasdaq up about 0.8% as September hike odds eased.
🔗 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.