MarketXLS

Core PPI (Less Food & Energy)

154 for Jun 2026

Core PPI (Less Food & Energy) came in at 154 (Index Apr 2010=100) for Jun 2026, up 0.20% from 153.69 the prior month and 4.68% above its level of 147.12 one year ago. The series has averaged 119.83 since 2010, reaching a record high of 154 in June 2026 and a record low of 99.9 in April 2010.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Core PPI (Less Food & Energy)," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/core-ppi

Historical Data

Observation dateValue
June 1, 2026154
May 1, 2026153.69
April 1, 2026153.56
March 1, 2026152.48
February 1, 2026152.03
January 1, 2026151.6
December 1, 2025150.35
November 1, 2025149.59
October 1, 2025149.22
September 1, 2025148.77
August 1, 2025148
July 1, 2025148.28
June 1, 2025147.12
May 1, 2025146.95
April 1, 2025146.39
March 1, 2025146.69
February 1, 2025146.43
January 1, 2025146.18
December 1, 2024145.37
November 1, 2024144.91
October 1, 2024144.91
September 1, 2024144.44
August 1, 2024143.81
July 1, 2024143.19
June 1, 2024143.26
May 1, 2024142.41
April 1, 2024142.04
March 1, 2024141.35
February 1, 2024141.18
January 1, 2024140.68
December 1, 2023140.14
November 1, 2023140.18
October 1, 2023139.88
September 1, 2023139.82
August 1, 2023139.84
July 1, 2023139.56
June 1, 2023138.7
May 1, 2023138.67
April 1, 2023138.51
March 1, 2023138.21
February 1, 2023138.28
January 1, 2023137.92
December 1, 2022137.7
November 1, 2022137.5
October 1, 2022136.93
September 1, 2022136.64
August 1, 2022136.44
July 1, 2022135.87
June 1, 2022135.3
May 1, 2022134.9
April 1, 2022134.28
March 1, 2022133.7
February 1, 2022132.1
January 1, 2022131.33
December 1, 2021130.27
November 1, 2021129.39
October 1, 2021128.05
September 1, 2021127.48
August 1, 2021127.26
July 1, 2021126.26
June 1, 2021124.9
May 1, 2021124.2
April 1, 2021123.2
March 1, 2021121.9
February 1, 2021121.3
January 1, 2021120.9
December 1, 2020119.9
November 1, 2020119.7
October 1, 2020119.7
September 1, 2020119.1
August 1, 2020118.8
July 1, 2020118.7
June 1, 2020118.1
May 1, 2020117.9
April 1, 2020117.9
March 1, 2020118.3
February 1, 2020118.2
January 1, 2020118.6
December 1, 2019118.2
November 1, 2019118
October 1, 2019118.2
September 1, 2019117.9
August 1, 2019118.2
July 1, 2019118
June 1, 2019117.7
May 1, 2019117.7
April 1, 2019117.5
March 1, 2019117
February 1, 2019116.9
January 1, 2019116.7
December 1, 2018116.7
November 1, 2018116.6
October 1, 2018116.4
September 1, 2018115.6
August 1, 2018115.5
July 1, 2018115.5
June 1, 2018115.3
May 1, 2018114.8
April 1, 2018114.5
March 1, 2018114.4
February 1, 2018114
January 1, 2018113.8
December 1, 2017113.4
November 1, 2017113.4
October 1, 2017113.2
September 1, 2017112.7
August 1, 2017112.6
July 1, 2017112.4
June 1, 2017112.3
May 1, 2017112.2
April 1, 2017111.9
March 1, 2017111.4
February 1, 2017111.2
January 1, 2017111.3
December 1, 2016110.9
November 1, 2016110.8
October 1, 2016110.5
September 1, 2016110.4
August 1, 2016110.2
July 1, 2016110.2
June 1, 2016110.3
May 1, 2016109.9
April 1, 2016109.9
March 1, 2016109.7
February 1, 2016109.8
January 1, 2016109.8
December 1, 2015109.2
November 1, 2015109
October 1, 2015108.9
September 1, 2015109.1
August 1, 2015109.2
July 1, 2015109.2
June 1, 2015109
May 1, 2015108.7
April 1, 2015108.6
March 1, 2015108.6
February 1, 2015108.5
January 1, 2015108.9
December 1, 2014108.9
November 1, 2014108.7
October 1, 2014108.7
September 1, 2014108.3
August 1, 2014108.4
July 1, 2014108.4
June 1, 2014107.9
May 1, 2014107.9
April 1, 2014107.6
March 1, 2014107.6
February 1, 2014107.3
January 1, 2014107.1
December 1, 2013106.9
November 1, 2013106.9
October 1, 2013106.7
September 1, 2013106.5
August 1, 2013106.4
July 1, 2013106.4
June 1, 2013106.1
May 1, 2013105.7
April 1, 2013106
March 1, 2013105.8
February 1, 2013105.6
January 1, 2013105.6
December 1, 2012105.5
November 1, 2012105.4
October 1, 2012104.9
September 1, 2012104.8
August 1, 2012104.5
July 1, 2012104.6
June 1, 2012104.7
May 1, 2012104.8
April 1, 2012104.6
March 1, 2012104.3
February 1, 2012104.1
January 1, 2012103.8
December 1, 2011103.4
November 1, 2011103.4
October 1, 2011103.2
September 1, 2011103.5
August 1, 2011103.3
July 1, 2011102.9
June 1, 2011102.7
May 1, 2011102.5
April 1, 2011102.3
March 1, 2011102
February 1, 2011101.5
January 1, 2011101.2
December 1, 2010100.8
November 1, 2010100.7
October 1, 2010100.6
September 1, 2010100.5
August 1, 2010100.3
July 1, 2010100.3
June 1, 2010100.1
May 1, 2010100.2
April 1, 201099.9

About Core PPI (Less Food & Energy)

What it measures

Core PPI (FRED series PPIFES) is the Producer Price Index for Final Demand excluding food and energy, published monthly by the Bureau of Labor Statistics with seasonal adjustment. It strips the two most commodity-driven groupings out of the headline final demand aggregate, leaving producer prices for core goods plus the full range of final demand services, trade margins, and construction that domestic producers sell.

Why it matters

By filtering out food and energy swings, core PPI offers a steadier read on pipeline inflation and producer pricing power. Forecasters lean on it when projecting the core PCE deflator, since several of its service components map into the Federal Reserve preferred inflation gauge. A persistent acceleration in core PPI often foreshadows firmer consumer inflation or, if consumer prices stay tame, warns of corporate margin pressure ahead.

How to read it

Compare its trajectory with core CPI: producer prices rising faster than consumer prices squeeze margins, while the reverse suggests margin expansion. The trade services components measure markups and can swing sharply month to month, so many analysts also watch the narrower series that excludes trade services. Single-month jumps deserve skepticism; a three-month trend is a far more reliable inflation signal.

Get Core PPI (Less Food & Energy) in Excel

Pull Core PPI (Less Food & Energy) directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=ProducerPriceIndexFinalDemandWithoutFoodEnergy()

View the Producer Price Index - Final Demand (Excluding Food and Energy) formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Core PPI (Less Food & Energy)?

Core PPI (Less Food & Energy) is 154 (Index Apr 2010=100) as of June 2026.

What is the all-time high and low of Core PPI (Less Food & Energy)?

The highest value on record is 154 (June 2026) and the lowest is 99.9 (April 2010).

How often is Core PPI (Less Food & Energy) updated?

Core PPI (Less Food & Energy) is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Core PPI (Less Food & Energy) in Excel?

Use the MarketXLS Excel formula =ProducerPriceIndexFinalDemandWithoutFoodEnergy() to pull Core PPI (Less Food & Energy) directly into any cell, with historical values available for analysis.

Basic info
A producer price index is a price index that measures the average changes in prices received by domestic producers for their output.
RegionUnited States
FrequencyMonthly
Last updatedJuly 15, 2026
Seasonal adjustmentSeasonally Adjusted
UnitIndex Apr 2010=100

Stats
Last Value154
Latest PeriodJun 2026
Last UpdatedJuly 15 2026, 09:51
Value Previous Month153.69
Change From Previous Month0.20%
Value 1 Year Ago147.12
Change From Year Ago4.68%
Average Growth Rate2.71%/yr
Record High (Jun 2026)154
Record Low (Apr 2010)99.9
Long-Term Average119.83
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitIndex Apr 2010=100

Annual Averages
2026152.89
2025147.83
2024143.13
2023139.14
2022135.22
2021125.43
2020118.74
2019117.67
2018115.26
2017112.33
2016110.2
2015108.91

Related Indicators
Consumer Price Index (CPI)
Core CPI (Less Food & Energy)
CPI: Food
CPI: Energy
PCE Price Index
Core PCE Price Index
GDP Deflator (Implicit Price Deflator)
Producer Price Index (Final Demand)
PPI: Finished Goods
PPI: Processed Goods for Intermediate Demand
PPI: Unprocessed Goods for Intermediate Demand
PPI: Finished Goods Less Food & Energy
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