U.S. Producer Price Index in May rises 6.5% year over year

6/11/2026

U.S. PPI surges, producer prices rise 6.5% in May See the inflation trend driven by energy and commodity prices at a glance

The U.S. Producer Price Index (PPI) for May rose 6.5% from the same month a year earlier, marking the largest increase since November 2022. According to the U.S. Bureau of Labor Statistics (BLS), the May PPI rose 1.1% from the previous month, matching April's pace of increase. In particular, goods prices jumped 2.8%, driving the overall rise, with a large part of that due to higher energy prices. Gasoline prices surged 23.4%, and diesel and jet fuel also rose. The PPI excluding food, energy, and trade services also rose 0.8%. Service prices increased only 0.3%, while trade services margins, which reflect wholesale and retail margins, fell 1.1%.