Producer prices in U.S. rose in Nov., exceeding estimates

THE UNITED STATES producer-price index increased 2.5 percent year over year in November. /BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
THE UNITED STATES producer-price index increased 2.5 percent year over year in November. /BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
NEW YORK - United States producer prices rose in November on advances in foods and transportation services, while a measure of underlying costs accelerated, offering some potential signs of inflation pressures bubbling up in the economy. The producer-price index advanced 0.1 percent from October, cooling from a rise that was the fastest in six years, Labor…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -