AI Data Insight
In Q2 2026 (May), the US unadjusted Core PPI reached 154.565, continuing to climb from the previous value of 154.284, with an annual growth rate as high as 5.11%. Although surging energy prices drove the headline PPI significantly higher, the month-over-month increase in core data showed a slight convergence, indicating that businesses have not yet fully passed on energy costs. However, a core inflation annual growth rate above 5% still triggered market concerns about the Federal Reserve maintaining high interest rates for longer.