Latest release June 2026 · monthly · final demand seasonally adjusted · final demand from 2010, legacy aggregates from 1914
Final demand YoY
5.5%
latest release
Less foods & energy
4.7%
year over year
Less foods, energy & trade
5.1%
year over year
Final demand MoM
-0.28%
latest release
Core MoM
+0.20%
latest release
Core 3M ann.
4.0%
3-month annualised
RangeFromToShaded = NBER recession
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shaded bands mark NBER-dated US recessions, peak to trough
Year over yearearliest series from 2010
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Month over monthearliest series from 2009
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Core momentumannualised over trailing windows · earliest series from 2010
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Goods, services & constructionearliest series from 2010
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Within goodsearliest series from 2010
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Within servicestrade services measure margins received, not prices paid · earliest series from 2010
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
The pipelineearlier stages lead final demand and move far harder · earliest series from 1948
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Health care — feeds core PCE12-month, NSA · earliest series from 1993
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics · not seasonally adjusted
Airfares & portfolio management12-month, NSA · earliest series from 1990
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics · not seasonally adjusted
Long runlegacy aggregates · all commodities is NSA · earliest series from 1914
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Final demand componentsMoM %, colour capped at ±1.0pp
Source: Macro Edge Research · underlying data U.S. Bureau of Labor Statistics
Year-over-year and monthly changes are computed by Macro Edge Research from the BLS index levels; annualised rates are compounded from those monthly changes. Producer prices have no policy target, so no reference line is drawn. Health-care, airfare and portfolio-management components are published without seasonal adjustment and are shown as 12-month changes only. Headline 12-month changes are computed on the unadjusted index, the basis BLS quotes; the decomposition panels remain seasonally adjusted, where adjustment is what makes one month comparable with the next. Monthly changes are seasonally adjusted throughout. Coverage differs by chart because BLS introduced the Final Demand structure in 2009 and the component indices at various later dates; each panel states its own start, and selecting a range earlier than that leaves the panel empty rather than extrapolating it.
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