United States Producer Price Inflation MoM

US producer prices rose 0.5% mom in December 2025, the largest gain in three months, accelerating from a 0.2% increase in November and exceeding expectations of 0.2%. Services prices rebounded 0.5% after remaining flat in November, led by a 4.5% rise in margins for machinery and equipment wholesaling. Goods prices were flat following a 0.8% rise in the previous month. Nonferrous metals surged 4.5%, while costs also rose for residential natural gas, motor vehicles, soft drinks, and aircraft and aircraft equipment. In contrast, diesel fuel fell 14.6%, with declines also seen in gasoline, jet fuel, beef and veal, and iron and steel scrap. Core PPI jumped 0.7%, the largest increase since July, after no change in November and above forecasts of 0.2%. On an annual basis, headline producer inflation held steady at 3%, above expectations for a slowdown to 2.7%, while core producer inflation accelerated to 3.3% from 3%, exceeding forecasts of 2.9%.