US November Producer Price Index Rises to 3%, Highest Since July
US PPI climbed 0.2% monthly and 3% yearly in November, surpassing estimates and indicating continued inflationary pressures in the production sector.
Summary
In November, the US Producer Price Index (PPI) increased 0.2% month-on-month, matching forecasts, and rose 3% year-on-year, above the projected 2.7%, marking its highest level since July. Core PPI remained flat monthly but also rose 3% yearly, exceeding expectations. These figures signal sustained inflationary pressures despite stable core monthly prices.
Terms & Concepts
- Producer Price Index (PPI): An economic indicator measuring the average change in selling prices received by domestic producers for their output.
- Core PPI: A measure of producer prices that excludes volatile food and energy components to provide a clearer view of underlying inflation trends.