US PPI rises 2.5% y/y in November vs 2.5% expected and 2.9% previous

Haresh Menghani FXStreet

"The Producer Price Index for final demand edged up 0.1 percent in November, seasonally adjusted," the U.S. Bureau of Labor Statistics reported today.

Key highlights:

• Final demand prices advanced 0.6 percent in October and 0.2 percent in September.
• On an unadjusted basis, the final demand index moved up 2.5 percent for the 12 months ended in November.
• The index for final demand less foods, energy, and trade services moved up 0.3 percent in November, the third consecutive increase.
• For the 12 months ended in November, prices for final demand less foods, energy, and trade services advanced 2.8 percent.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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