Producer prices for final demand in the US increased 1.1% mom in May 2026, the same as a downwardly revised 1.1% rise in April, and once again above forecasts of 0.7%. Prices of goods soared 2.8%, following a 1.9% jump in April, with over half of advance attributable to a 23.4% increase in gasoline. Prices for diesel fuel, jet fuel, plastic resins and materials, industrial chemicals, and natural gas liquids also rose. In contrast, a 10.1% decline was seen in pork. On the other hand, prices for services rose 0.3%, slowing from a 0.7% gain in April, with over 40% of the increase due to a 4.8% rise in prices for portfolio management. However, margins for machinery and equipment wholesaling fell 1.9% and a drop was also recorded for fuels and lubricants retailing. Year-on-year, the PPI rose 6.5%, the most since November 2022 and above forecasts of 6.4%. Meanwhile, core PPI increased 0.4% on the month, compared to forecasts of 0.5% and 4.9% yoy, also less than expectations of 5.4%.