10.09.202612:30:00UTC+00US Core PPI Holds Steady at 4.7% in August, Signaling Stubborn Underlying Producer Inflation

The United States Producer Price Index excluding food, energy and transport (core PPI) remained unchanged in August 2026, standing at 4.7% year-over-year, the same pace recorded in July 2026. The data, updated on 10 September 2026, show that the underlying cost pressures faced by producers have not eased over the past month.

Measured on a year-over-year basis, the “actual” August reading compares price changes in August 2026 to those in August 2025, while the “previous” July figure reflects changes from July 2026 versus July 2025. The fact that both months registered an identical 4.7% increase suggests that core producer prices are stabilizing at a relatively elevated level rather than continuing to accelerate or taper off.

While volatile components such as food, energy, and transport are excluded from this gauge, the steady 4.7% rate underscores persistent underlying inflation in the production pipeline. Market participants and policymakers may interpret this as a sign that core cost pressures remain entrenched, with potential implications for margins, pricing strategies, and future policy decisions.