Wholesale inflation remained stubbornly higher in November
CNN • • business
Key Points:
- US wholesale inflation accelerated in November, rising 0.2% from the previous month and reaching an annual rate of 3%, driven in part by rapidly increasing energy prices.
- The Producer Price Index (PPI) report was delayed due to the recent 43-day federal shutdown, which also prevented a separate October PPI report, though October data was partially included.
- October saw a softer inflation reading with a 0.1% monthly increase and a 2.8% annual rise, influenced by falling energy prices.
- The September annual PPI rate was revised upward to 3% from the previously reported 2.7%, indicating higher wholesale inflation than initially estimated.
- The PPI is a key indicator
