U.S. wholesale prices rose 0.3% in November, the Labor Department said. The increase in producer prices over the past 12 months slowed to 7.4% gain from 8.1% in the prior month. This is down from the peak of 11.7% in March.
Economists polled by The Wall Street Journal has forecast a 0.2% gain.
The core producer price index, which excludes volatile food, energy and trade prices, also rose 0.3% in November, up from a 0.2% gain in the prior month. Big picture: Although hotter than expected in November, inflation at the wholesale level is showing steady deceleration from the peak in March.
France Dernières Nouvelles, France Actualités
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