US producer price index rises 0.4% in November

Ani Salama FXStreet

The US Producer Price Index for final demand increased 0.4% in November, seasonally adjusted, the US Bureau of Labor Statistics reported today.

Expectations were for a 0.1% rise following a flat reading in October. Over the 12 months to November, PPI grew 1.3%, the biggest 12-month gain in two years and above the 0.9% increase expected.

Producer price index less foods, energy moved up 0.4% in November after edging down 0.2% in October. For the 12 months ended in November, the core index climbed 1.6%.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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