July 2025 Producer Price Index — 2025-08-14

The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. (See table A.) On an unadjusted basis, the index for final demand advanced 3.3 percent for the 12 months ended in July, the largest 12-month increase since rising 3.4 percent in February 2025. Within final demand, more than three-quarters of the broad-based advance in July can be traced to the index for final demand services, which rose 1.1 percent. Prices for final demand goods increased 0.7 percent. The index for final demand less foods, energy, and trade services moved up 0.6 percent in July, the largest increase since rising 0.9 percent in March 2022. For the 12 months ended in July, prices for final demand less foods, energy, and trade services advanced 2.8 percent.