Wholesale inflation was softer than expected, retail sales moved higher in November
CNBC • • general
Key Points:
- The producer price index (PPI) rose 0.2% in November, below expectations of 0.3%, with core PPI excluding food and energy remaining flat versus the anticipated 0.2% gain.
- Year-over-year, headline PPI increased 3%, surpassing the Federal Reserve's 2% target, driven largely by a 0.9% rise in goods prices, especially a 4.6% jump in energy prices, while services prices remained flat.
- Retail sales in November grew 0.6%, outpacing the expected 0.4%, with broad-based gains across sectors including motor vehicles, building materials, gas stations, and sporting goods stores.
- On a yearly
