US Producer Prices Increase Moderately in November
U.S. producer prices picked up slightly in November amid a surge in the cost of gasoline, but businesses appeared to be absorbing some of the tariffs on imports, with trade margins compressing.
The Producer Price Index for final demand rose 0.2% in November after edging up 0.1% in October, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the PPI rising 0.2%.
In the 12 months through November, the PPI advanced 3.0% after increasing 2.8% in October. The reports were delayed by the 43-day shutdown of the government...
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