(BLS) The US posted a 0.8% increase in producer prices in November, a higher gain compared to a 0.6% rise in the prior three months.
The increase in the producer price index reflected a higher 1.2% surge in the prices for final demand goods. Final demand services saw a 0.7% increase in prices.
With less food, energy, and trade services, the producer prices were up 0.7% in November, the largest gain since July. The index was up 6.9% from the prior year, the largest increase since August 2014.
On a year over year basis, producer prices increased by 9.6% in November, the largest gain in the series data since November 2010.
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