U.S. producer prices were unchanged in July, marking a pause after a 0.1% decline in June and a 0.5% increase in May, according to the U.S. Bureau of Labor Statistics (BLS). On an unadjusted basis, final demand prices were 4.7% higher than a year earlier.
The monthly result reflected contrasting movements across major categories. Prices for final demand services increased 0.2%, while construction prices climbed 2.2%. Those gains offset a 0.7% drop in final demand goods.
Energy was a key source of downward pressure. Final demand energy prices fell 3.1%, with gasoline prices dropping 5.7%. Food prices also declined, falling 0.9%. By comparison, prices for goods excluding food and energy edged up 0.1%.
Within services, portfolio management rose 6.5%, making it one of the strongest contributors to the July advance. Truck freight transportation prices moved in the opposite direction, declining 1.8%.
Prices for intermediate-demand processed goods fell 0.6%, while unprocessed goods declined 1.8%. Intermediate-demand services rose 0.5% during the month and were 5.1% above their July 2025 level.
Across production stages, Stage 4 intermediate demand increased 0.6%, while Stage 3, Stage 2, and Stage 1 prices declined 0.1%, 1.0%, and 0.1%, respectively.
The image is an illustration created with AI for general context.
Source: U.S. Bureau of Labor Statistics.
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