United States Producer Price Inflation MoM

US producer prices edged up 0.1% month-over-month in May 2025, following an upwardly revised 0.2% fall in April and compared to forecasts of a 0.2% increase. Prices for goods went up 0.2%, with cost for tobacco rising 0.9%. Prices for gasoline, processed poultry, roasted coffee, residential natural gas, and oilseeds also increased. In contrast, prices for jet fuel declined 8.2%. Also, cost for services inched up 0.1%, with margins for machinery and vehicle wholesaling jumping 2.9%. Cost for traveler accommodation services; apparel, footwear, and accessories retailing; alcohol retailing; and system software publishing also moved higher. Conversely, prices for airline passenger services fell 1.1%. Meanwhile, core producer prices increased 0.1%, well below forecasts of a 0.3% rise. Year-on-year, producer prices increased 2.6%, in line with expectations, after an upwardly revised 2.5% increase in April. The annual core rate slowed to 3% from 3.2% while forecasts were pointing to 3.1%.