This article explains public financial information. It does not recommend buying, selling or holding any investment.
The market evidence in one minute
The U.S. Producer Price Index for final demand was unchanged in July 2026, the Bureau of Labor Statistics reported on August 13. Final-demand goods fell 0.7%, while services rose 0.2% and construction advanced 2.2%. Over 12 months, final-demand prices increased 4.7% on an unadjusted basis.
The latest available U.S. Treasury curve, dated August 13, showed the 2-year yield at 4.15%, the 10-year at 4.47% and the 30-year at 4.63%. Each was lower than on August 12. These observations describe conditions at specific times; they do not predict the next trading session.
Producer prices were flat, but the details moved in opposite directions
The unchanged headline PPI concealed a clear split. Final-demand services increased 0.2%, including a 0.6% rise in services excluding trade, transportation and warehousing. Transportation and warehousing services fell 1.8% and trade services edged down 0.1%.
Final-demand goods declined 0.7%. Energy prices fell 3.1%, food prices decreased 0.9%, and goods excluding food and energy rose 0.1%. This mix helps explain why one headline number cannot describe every cost pressure facing businesses.
Energy prices drove much of the goods decline
BLS reported that more than half of the July decline in final-demand goods was attributable to a 5.7% fall in gasoline prices. Diesel fuel, jet fuel and residual fuels also decreased, while motor vehicles and equipment rose 0.3%.
Lower monthly energy prices can reduce costs for transport-intensive businesses, but the effect varies by contract timing, hedging and supply chain. It is evidence of a monthly change, not proof of a permanent cost trend.
Underlying producer-price pressure remained firmer
Final demand excluding food, energy and trade services increased 0.4% in July and 4.7% over 12 months. That measure removes several volatile categories but does not replace the headline index; the two answer different questions.
The annual rate also remained much higher than the monthly headline might suggest. Investors and businesses therefore need both time horizons: the monthly figure shows recent momentum, while the 12-month comparison shows how price levels changed over a longer period.
Treasury yields eased after the latest inflation evidence
The Treasury's official par-yield curve showed the 2-year yield declining from 4.20% on August 12 to 4.15% on August 13. The 10-year moved from 4.52% to 4.47%, and the 30-year from 4.68% to 4.63%.
Falling yields can reflect changes in inflation expectations, anticipated monetary policy, growth expectations, demand for safe assets or several forces at once. The timing is consistent with markets absorbing new inflation data, but the yield move alone cannot establish a single cause.
Consumer and producer prices tell different parts of the inflation story
The July Consumer Price Index rose 0.1% monthly and 3.4% over 12 months. Core CPI rose 0.2% monthly and 2.5% annually. PPI, by contrast, measures prices received by domestic producers and covers a different basket and stage of the pricing process.
Producer prices can influence margins and eventually consumer prices, but there is no fixed one-for-one pass-through. Competition, productivity, wages, inventory, imports and company pricing decisions affect how costs travel through the economy.
What global-market readers should watch next
The next scheduled U.S. releases include July import and export prices on August 18, industrial production on August 18 and minutes from the Federal Reserve's July meeting on August 19. These releases can add evidence on trade prices, activity and policymakers' assessment of risks.
For a disciplined cross-market reading, record observation times, compare equity indices with bonds and currencies, and label delayed data. Keep confirmed facts separate from interpretation and avoid converting a one-day reaction into a forecast or recommendation.
August 14 market evidence dashboard
| Indicator | Latest observation | Previous / annual context |
|---|---|---|
| Final-demand PPI | 0.0% in July | +4.7% over 12 months |
| PPI goods | -0.7% in July | Energy -3.1% |
| PPI services | +0.2% in July | Other services +0.6% |
| 2-year Treasury | 4.15% on Aug. 13 | 4.20% on Aug. 12 |
| 10-year Treasury | 4.47% on Aug. 13 | 4.52% on Aug. 12 |
| 30-year Treasury | 4.63% on Aug. 13 | 4.68% on Aug. 12 |
Frequently asked questions
What happened to US producer prices in July 2026?
The Producer Price Index for final demand was unchanged in July. Goods prices fell 0.7%, services rose 0.2%, and the index increased 4.7% over 12 months.
What was the 10-year Treasury yield on August 13, 2026?
The U.S. Treasury's official daily par-yield curve showed the 10-year yield at 4.47%, down from 4.52% on August 12.
Does a flat PPI mean inflation has ended?
No. It describes one month in one price measure. The 12-month PPI increase was 4.7%, and underlying categories moved differently.
Is this market brief investment advice?
No. It summarizes public economic information for education and does not recommend buying, selling or holding any investment.
Official sources
Definitions and methodology were checked against these primary resources. Consult the current documents for complete details.
U.S. Bureau of Labor Statistics — Producer Price Indexes, July 2026 ↗U.S. Treasury — Daily Treasury Par Yield Curve Rates ↗U.S. Bureau of Labor Statistics — Consumer Price Index, July 2026 ↗Federal Reserve — August 2026 Release Calendar ↗
