Sigmanomics — The Market Forecast Engine

US Producer Prices Hold at 1.1 Percent in May, Beat Consensus

The United States Producer Price Index (PPI) rose 1.1 percent month-over-month in May 2026, surpassing the consensus estimate of 0.7 percent. This matches the previous month’s reading of 1.1 percent in April. The PPI has now held at this elevated level for two consecutive months, indicating persistent input cost pressures. Energy and food prices contributed most to the headline figure, reflecting ongoing volatility in key commodity markets. Compared to the 12-month rolling average of 0.93 percent, May’s reading remains above trend, underscoring continued inflationary momentum in the producer sector. Market participants are now watching for upcoming consumer inflation data and Federal Reserve communications for further policy direction. Updated 6/11/26