US Producer Prices Plunge as July PPI Crashes to 4.7%, Undershooting Forecasts
US producer prices were flat in July as the annual Producer Price Index slowed to 4.7% from 5.5% in June, undershooting Wall Street forecasts of 5%, according to Bureau of Labor Statistics data released August 13, 2026. The month-over-month headline figure held steady at 0.0%, driven lower by a 0.7% drop in final demand goods prices and a 3.1% decline in energy costs, including a 5.7% drop in gasoline prices. Services prices ticked up 0.2%, boosted by a 6.5% surge in portfolio management fees. Core PPI, excluding food, energy, and trade services, rose 0.4% monthly and 4.7% annually. The report follows July CPI showing headline inflation at 3.4% and core CPI at 2.5%, reducing market expectations for a Federal Reserve rate hike in September. Separate Treasury data showed the adjusted July budget deficit widened to $333 billion amid lower customs revenue projections.
Prepared by Christopher Adams and reviewed by editorial team.
- Articles Published:
- 18
- Right Leaning:
- 4
- Left Leaning:
- 2
- Neutral:
- 12
- Distribution:
- Left 11%, Center 67%, Right 22%
Left: Highlights cooling wholesale prices as evidence of successful economic moderation. Center: Focuses on flat headline PPI, energy drops, and Fed policy. Right: Emphasizes core service inflation stickiness and widening federal budget deficits.
US Bureau of Labor Statistics PPI news release August 13 2026 8:30am ET https://www.bls.gov/news.release/ppi.nr0.htm
Coverage of Story:
From Center
US Producer Prices Plunge as July PPI Crashes to 4.7%, Undershooting Forecasts
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Producer prices fell to 4.7% in July amid inflation concerns
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