Producer Price Index
The Producer Price Index measures the prices domestic producers receive for their output — inflation at the wholesale stage, before goods reach the consumer. Published monthly by the BLS, it is often treated as a leading indicator: cost increases at the factory gate eventually get passed through to retail prices.
Latest reading
As of April 2026, PPI (PPI YoY %) stands at 9.8% — up from 6.0% the prior reading. The year-over-year rate signals pipeline pressure building behind consumer inflation. Watch the PPI-CPI spread: when producer prices climb faster than consumer prices, businesses are absorbing costs and margins are getting squeezed. A core version that excludes food, energy, and trade services gives a cleaner read on the underlying trend. Series history runs from 1913 to present.
PPI YoY %
Next release: Jun 11, 2026
Full history
How to read it
The year-over-year rate signals pipeline pressure building behind consumer inflation. Watch the PPI-CPI spread: when producer prices climb faster than consumer prices, businesses are absorbing costs and margins are getting squeezed. A core version that excludes food, energy, and trade services gives a cleaner read on the underlying trend.
Methodology & data
PPI is sourced from BLS via the Federal Reserve's FRED service (BLS via FRED (PPIACO), monthly, seasonally adjusted). We pull the complete history, chart it on a monthly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date, last updated 2026-06-09. See our methodology for the standards every series on the site is held to.
- Category
- Inflation
- Frequency
- Monthly
- Source
- BLS
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Frequently asked questions
What is the Producer Price Index?
The Producer Price Index measures the prices domestic producers receive for their output — inflation at the wholesale stage, before goods reach the consumer. Published monthly by the BLS, it is often treated as a leading indicator: cost increases at the factory gate eventually get passed through to retail prices.
How do you read PPI?
The year-over-year rate signals pipeline pressure building behind consumer inflation. Watch the PPI-CPI spread: when producer prices climb faster than consumer prices, businesses are absorbing costs and margins are getting squeezed. A core version that excludes food, energy, and trade services gives a cleaner read on the underlying trend.
Where does the PPI data come from?
BLS via FRED (PPIACO), monthly, seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/ppi.csv.
How often is PPI updated?
PPI is a monthly series from BLS, refreshed here as soon as a new release posts to FRED.