US producer price surges in November from a year ago
Producer prices in the United States increased in November as inflation rise continues to pressure businesses to pass on higher costs to consumers and supply constraints still persist
By Ishika Dangayach
Published - Dec 14, 2021, 02:37 PM ET
Last Updated - Jul 09, 2024, 01:01 AM EDT
• Core PPI was up 6.9 percent from a year earlier, the biggest gain since August 2014
• The PPI for final demand climbed 0.8 percent last month.
Producer prices in the United States increased in November as inflation rise continues to pressure businesses to pass on higher costs to consumers and supply constraints still persist.
According to the Labor Department, the producer price index for final demand climbed 0.8 percent last month. Final demand prices moved up 0.6 percent in each of the 3 prior months.
