Economy

Wholesale prices held flat in November, providing another encouraging inflation signal

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Wholesale inflation was unchanged in November, PPI shows

Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday.

The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month, following a 0.4% decrease in October but less than the Dow Jones estimate for a 0.1% gain. On a year-over-year basis, headline PPI accelerated just 0.9%, after peaking above 11.5% in March 2022.

Excluding food and energy, the index also was unchanged against an estimate for a 0.2% increase. Excluding food, energy and trade services, PPI increased 0.1%, posting a sixth straight increase and good for a 12-month gain of 2.5%.

The release comes…



Source cnbc.com

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