Bloomberg Surveillance · Thursday, September 10, 2026
The August Producer Price Index (PPI) indicated a 0.4% rise in wholesale inflation month-over-month, up from being unchanged in July, and year-over-year inflation increased to 5.4%. Core PPI, excluding food and energy, rose 0.2% month-over-month, slightly below expectations, and accelerated to 4.6% year-over-year. This re-acceleration was largely attributed to rising energy prices, with Brent crude surpassing $100 a barrel.
“The August producer price index is out and it shows inflation at the wholesale level rising 0.4% compared with being unchanged in July. Year over year, wholesale inflation rising to 5.4%.”
“If we exclude volatile food and energy costs, core PPI month over month rising less than expected, up two-tenths of a percent.”
“Now, this re-acceleration in wholesale inflation was expected It was driven largely by the rebound in energy prices with Brent crude breaking past $ 100 a barrel.”