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PPI: Unprocessed Goods for Intermediate Demand 270.56 for 

PPI: Unprocessed Goods for Intermediate Demand came in at 270.56 (Index 1982=100) for Jul 2026, down 1.76% from 275.41 the prior month and 7.26% above its level of 252.26 one year ago. The series has averaged 110.22 since 1947, reaching a record high of 359.9 in June 2022 and a record low of 29 in June 1964.

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

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Cite this data: "PPI: Unprocessed Goods for Intermediate Demand," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/ppi-crude-goods

Historical Data

⋮
⋮
July 1, 2026270.56
June 1, 2026275.41
May 1, 2026294.09
April 1, 2026285.18
March 1, 2026280.3
February 1, 2026280.82
January 1, 2026265.24
December 1, 2025254.36
November 1, 2025249.16
October 1, 2025243.3
September 1, 2025246.39
August 1, 2025247.65
July 1, 2025252.26
June 1, 2025248.98
May 1, 2025243.51
April 1, 2025247.39
March 1, 2025256.36
February 1, 2025266.58
January 1, 2025265.73
December 1, 2024251.8
⋮
⋮
November 1, 198687.6
October 1, 198687.4
September 1, 198686.6
August 1, 198686.7
July 1, 198686.4
June 1, 198686.2
May 1, 198686.5
April 1, 198685.6
March 1, 198688.2
February 1, 198690.5
January 1, 198694.2
December 1, 198595.5
November 1, 198595.7
October 1, 198594.1
September 1, 198591.8
August 1, 198592.9
July 1, 198594.9
June 1, 198595.2
May 1, 198595.8
April 1, 198596.7

About PPI: Unprocessed Goods for Intermediate Demand

What it measures

The Producer Price Index for Unprocessed Goods for Intermediate Demand (FRED series WPSID62) tracks prices of raw materials entering the production process for the first time, including crude petroleum, natural gas, raw farm products, ores, and scrap. The Bureau of Labor Statistics publishes it monthly as the earliest stage of the PPI intermediate demand system, capturing commodity costs before any manufacturing value is added.

Why it matters

Sitting at the very start of the production pipeline, this index reacts to commodity shocks before intermediate or finished goods prices do, giving analysts the earliest producer-price signal of inflation building or unwinding. Commodity strategists use it as a broad domestic raw-materials barometer, and macro forecasters watch whether its moves propagate downstream or get absorbed, which reveals the strength of pricing power along the chain.

How to read it

This is the most volatile major PPI aggregate; monthly moves of several percent and annual swings above 20 percent are common, driven heavily by energy and farm prices. Most spikes fade without reaching consumers, so avoid extrapolating single readings into CPI forecasts. The meaningful signal is persistence: raw material inflation sustained across several months that intermediate goods prices begin to echo.

Get PPI: Unprocessed Goods for Intermediate Demand in Excel

Pull PPI: Unprocessed Goods for Intermediate Demand directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=ProducerPriceIndexCrudeGoods()

View the Producer Price Index - Crude Goods formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current PPI: Unprocessed Goods for Intermediate Demand?

PPI: Unprocessed Goods for Intermediate Demand is 270.56 (Index 1982=100) as of July 2026.

What is the all-time high and low of PPI: Unprocessed Goods for Intermediate Demand?

The highest value on record is 359.9 (June 2022) and the lowest is 29 (June 1964).

How often is PPI: Unprocessed Goods for Intermediate Demand updated?

PPI: Unprocessed Goods for Intermediate Demand is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get PPI: Unprocessed Goods for Intermediate Demand in Excel?

Use the MarketXLS Excel formula =ProducerPriceIndexCrudeGoods() to pull PPI: Unprocessed Goods for Intermediate Demand 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 updatedAugust 13, 2026
Seasonal adjustmentSeasonally Adjusted
UnitIndex 1982=100

Stats
Last Value270.56
Latest PeriodJul 2026
Last UpdatedAugust 13 2026, 09:12
Value Previous Month275.41
Change From Previous Month-1.76%
Value 1 Year Ago252.26
Change From Year Ago7.26%
Average Growth Rate2.78%/yr
Record High (Jun 2022)359.9
Record Low (Jun 1964)29
Long-Term Average110.22
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitIndex 1982=100

Annual Averages
2026278.8
2025251.8
2024245.45
2023255.36
2022316.65
2021242.33
2020167.78
2019185.87
2018200.11
2017190.81
2016173.38
2015189.08

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
Core PPI (Less Food & Energy)
PPI: Finished Goods Less Food & Energy
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