Price of Wholesale Goods Jumps More Than Expected as Inflation Persists - Washington Free Beacon

U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week. The producer price index for final demand rose 0.3% last month, the Labor Department said on Friday. Data for October was revised higher to show the PPI gaining 0.3% instead of 0.2% as previously reported. In the 12 months through November, the PPI increased 7.4% after advancing 8.1% in October.
Excluding the volatile food, energy and trade services components, producer prices gained 0.3% in November. The so-called core PPI rose 0.2% in October.