U.S. Producer Prices Rise 0.2% in November

The U.S. Producer Price Index (PPI) for final demand rose 0.2% in November, following a 0.1% rise in October, according to the Bureau of Labor Statistics. Over the past year, producer prices were up 3.0%. The gain was led by a 0.9% rise in goods prices, while prices for services were flat. Excluding food, energy, and trade services, final demand prices rose 0.2% on the month and were up 3.5% over the year, the largest annual gain since March. Energy was the main contributor, with final demand energy prices climbing 4.6%, led by a 10.5% increase in gasoline prices. Intermediate demand prices also rose, with processed goods up 0.6% and unprocessed goods up 0.4%.