Producer prices in the US increased 0.4% mom in August 2026, following an upwardly revised 0.1% rise in July and in line with expectations. It is the biggest increase in three months, led by a 1.1% jump in prices of goods after declines in each of the previous two months, with diesel fuel jumping 24.1%. Prices for gasoline, jet fuel, home heating oil, candy and nuts, and tobacco products also advanced. In contrast, prices for residential electric power fell 0.5%. Meanwhile, services cost edged up 0.1%, led by a 2% rise in prices for truck transportation of freight. Increases were also seen for airline passenger services, legal services, hospital inpatient care, and automobiles retailing. Year-on-year, producer inflation accelerated to 5.4% from 4.8%, slightly above forecasts of 5.3%. Excluding food and energy, producer prices increased 0.2% on the month and 4.6% on the year, compared to 0.3% and 4.3% respectively in the previous month and forecasts of 0.3% and 4.6% respectively.
