by Josh Schafer
Yahoo! Finance
Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints.
Thursday’s report from the Bureau of Labor Statistics showed that its producer price index (PPI) — which tracks the price changes companies see — rose 3% from the year prior, up from the 2.4% in October and above the 2.6% increase economists had projected. This marked the highest year-over-year increase since February 2023. On a monthly basis, prices increased 0.4%, compared to the 0.2% seen in October.
Excluding food and energy, “core” prices increased 3.4% year-over-year, above October’s 3.1% increase. Economists had expected an increase of 3.2%. Meanwhile, month-over-month core prices increased 0.2%, in line with last month’s rise and economist projections.