Wholesale prices rose 0.4% in November, more than expected

Wholesale prices rose more than expected in November, indicating a slowdown in inflation progress, with the producer price index increasing 0.4% month-over-month and 3% annually, the largest advance since February 2023. Despite the rise, core PPI met forecasts at 0.2%, with the exclusion of trade services showing a 0.1% increase. The Federal Reserve is expected to lower its key overnight borrowing rate next week, as markets react to mixed inflation data and concerns over a slowing labor market.

Full Article