June 2026 Producer Price Index

Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

The Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.6 percent in May and 1.1 percent in April. (See table A.) On an unadjusted basis, the index for final demand increased 5.5 percent for the 12 months ended in June.

The June decline in the index for final demand can be attributed to prices for final demand goods, which fell 1.4 percent. In contrast, the index for final demand services moved up 0.2 percent.

The index for final demand less foods, energy, and trade services increased 0.1 percent in June after jumping 0.8 percent in May. For the 12 months ended in June, prices for final demand less foods, energy, and trade services rose 5.1 percent.

Final Demand

Final demand goods: The index for final demand goods moved down 1.4 percent in June, the largest decrease since falling 1.9 percent in July 2022. Leading the decline in June, prices for final demand energy dropped 6.4 percent. The index for final demand foods moved down 0.6 percent. Conversely, prices for final demand goods less foods and energy increased 0.2 percent.

Product detail: Nearly two-thirds of the June decline in the index for final demand goods can be traced to prices for gasoline, which dropped 12.0 percent. The indexes for diesel fuel, jet fuel, fresh vegetables (except potatoes), crude petroleum, and thermoplastic resins and materials also fell. In contrast, prices for plastic products advanced 1.6 percent. The indexes for residential electric power and for potatoes also increased. (See table 2.)

Final demand services: The index for final demand services rose 0.2 percent in June after falling 0.1 percent in May. Over 60 percent of the advance can be attributed to margins for final demand trade services, which moved up 0.4 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand services less trade, transportation, and warehousing increased 0.1 percent. Conversely, the index for final demand transportation and warehousing services declined 0.1 percent.

Product detail: Half of the June increase in the index for final demand services can be traced to margins for fuels and lubricants retailing, which jumped 13.0 percent. The indexes for securities brokerage, dealing, and investment advice; furniture retailing; apparel, jewelry, footwear, and accessories retailing; loan services (partial); and inpatient care also rose. In contrast, margins for machinery and vehicle wholesaling declined 8.4 percent. The indexes for food and alcohol wholesaling and for deposit services (partial) also fell.

Intermediate Demand by Commodity Type

Within intermediate demand in June, prices for processed goods declined 1.2 percent, the index for unprocessed goods fell 4.1 percent, and prices for services advanced 0.3 percent. (See tables B and C.)

Processed goods for intermediate demand: The index for processed goods for intermediate demand moved down 1.2 percent in June, the largest decrease since falling 2.3 percent in December 2022. The June decline is attributable to a 7.3-percent drop in prices for processed energy goods. Conversely, the index for processed materials less foods and energy rose 0.6 percent, and prices for processed foods and feeds edged up 0.1 percent. For the 12 months ended in June, the index for processed goods for intermediate demand increased 11.1 percent.

Product detail: Leading the June decrease in the index for processed goods for intermediate demand, prices for diesel fuel fell 18.0 percent. The indexes for gasoline, jet fuel, commercial electric power, thermoplastic resins and materials, and ethanol also moved lower. In contrast, prices for plastic products advanced 1.6 percent. The indexes for asphalt and for hot rolled steel bars, plates, and structural shapes also rose.

Unprocessed goods for intermediate demand: The index for unprocessed goods for intermediate demand moved down 4.1 percent in June, the largest decrease since falling 5.0 percent in May 2023. Over 70 percent of the broad-based decline in June can be traced to an 8.1-percent drop in prices for unprocessed energy materials. The indexes for unprocessed foodstuffs and feedstuffs and for unprocessed nonfood materials less energy also decreased, 2.1 percent and 1.2 percent, respectively. For the 12 months ended in June, prices for unprocessed goods for intermediate demand increased 13.0 percent.

Product detail: Leading the June decline in the index for unprocessed goods for intermediate demand, prices for crude petroleum fell 12.1 percent. The indexes for grains, oilseeds, slaughter barrows and gilts, slaughter steers and heifers, and raw cotton also moved lower. Conversely, prices for natural gas rose 16.6 percent. The indexes for raw milk and for iron and steel scrap also advanced.

Services for intermediate demand: The index for services for intermediate demand rose 0.3 percent in June following a 0.6-percent increase in May. Over 80 percent of the June advance can be attributed to prices for services less trade, transportation, and warehousing for intermediate demand, which moved up 0.4 percent. The index for trade services for intermediate demand rose 0.6 percent. In contrast, prices for transportation and warehousing services for intermediate demand declined 0.3 percent. For the 12 months ended in June, the index for services for intermediate demand advanced 5.0 percent, the largest 12-month increase since rising 6.2 percent in February 2023.

Product detail: More than half of the June advance in the index for services for intermediate demand can be traced to a 5.7-percent increase in prices for loan services (partial). The indexes for securities brokerage, dealing, and investment advice; fuels and lubricants retailing; commissions from sales of insurance; legal services; and data processing and related services also moved higher. Conversely, prices for air mail and package delivery services (excluding USPS) fell 2.4 percent. The indexes for food and alcohol wholesaling and for deposit services (partial) also declined.

Intermediate Demand by Production Flow

Stage 4 intermediate demand: The index for stage 4 intermediate demand edged down 0.1 percent in June, the first decline since a 0.3-percent decrease in October 2023. In June, prices for total goods inputs to stage 4 intermediate demand fell 0.2 percent. In contrast, the index for total services inputs inched up 0.1 percent. (See table D.) Declines in the indexes for diesel fuel, food and alcohol wholesaling, gasoline, residential property management fees, and commercial electric power outweighed advances in prices for securities brokerage, dealing, and investment advice; loan services (partial); plastic products; and steel mill products. For the 12 months ended in June, the index for stage 4 intermediate demand increased 6.5 percent.

Stage 3 intermediate demand: The index for stage 3 intermediate demand was unchanged in June after advancing 1.7 percent in both May and April. In June, a 0.5-percent increase in prices for total services inputs to stage 3 intermediate demand was offset by a 0.4-percent decrease in the index for total goods inputs. Higher prices for loan services (partial), raw milk, asphalt, steel mill products, and plastic products were offset by declines in the indexes for diesel fuel, grains, gasoline, slaughter barrows and gilts, and deposit services (partial). For the 12 months ended in June, prices for stage 3 intermediate demand moved up 6.8 percent.

Stage 2 intermediate demand: The index for stage 2 intermediate demand decreased 1.2 percent in June, the largest decline since moving down 1.2 percent in September 2024. In June, prices for total goods inputs to stage 2 intermediate demand fell 3.6 percent. Conversely, the index for total services inputs rose 0.6 percent. Declines in the indexes for crude petroleum, food and alcohol wholesaling, diesel fuel, deposit services (partial), thermoplastic resins and materials, and oilseeds outweighed increases in prices for loan services (partial), natural gas, and steel mill products. For the 12 months ended in June, the index for stage 2 intermediate demand advanced 9.8 percent.

Stage 1 intermediate demand: The index for stage 1 intermediate demand fell 0.5 percent in June, the largest decline since moving down 0.5 percent in September 2024. In June, prices for total goods inputs to stage 1 intermediate demand decreased 1.3 percent. In contrast, the index for total services inputs moved up 0.5 percent. Declines in the indexes for diesel fuel, gasoline, grains, jet fuel, food and alcohol wholesaling, and crude petroleum outweighed advances in prices for securities brokerage, dealing, and investment advice; iron and steel scrap; and aluminum base scrap. For the 12 months ended in June, the index for stage 1 intermediate demand increased 11.0 percent.

The Producer Price Index news release for July 2026 is scheduled to be published on Thursday, August 13, 2026, at 8:30 a.m. (ET).

Resampling of Industries - June 2026

Effective with the release of data for June 2026, the Producer Price Index (PPI) includes data for 22 resampled industries classified according to the 2022 North American Industry Classification System (NAICS). The Bureau of Labor Statistics periodically updates the sample of producers providing data for the PPI to reflect current conditions more accurately when the structure, membership, technology, or product mix of an industry shifts. The first results of this systematic process were published in July 1986. Subsequent efforts have been completed at regular intervals.

For information on index additions, deletions, and recodes effective June 2026, see the current issue of the PPI Detailed Report online at www.bls.gov/ppi/detailed-report/ppi-detailed-report- june-2026.pdf, or contact the PPI Section of Index Analysis and Public Information at ppi- info@bls.gov or (202) 691-7705.

NAICS Code Industry 213111 Drilling oil and gas wells 236211 New industrial building construction 311211 Flour milling 311941 Mayonnaise, dressing, and sauce manufacturing 314110 Carpet and rug mills 315210 Cut and sew apparel contractors 315250 Cut and sew apparel manufacturing (except contractors) 325212 Synthetic rubber manufacturing 332431 Metal can manufacturing 332991 Ball and roller bearing manufacturing 333993 Packaging machinery manufacturing 335220 Major household appliance manufacturing 339994 Broom, brush, and mop manufacturing 429930 Material recyclers 488119 Other airport operations 516120 Television broadcasting stations 518210 Data processing, hosting, and related services 524210 Insurance agencies and brokerages 541110 Offices of lawyers 561330 Professional employer organizations 561510 Travel agencies 811310 Commercial machinery repair and maintenance