US producer prices increase slightly in November
Add BT as a preferred source
[WASHINGTON] US producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare up in new Covid-19 infections restrains the labour market and demand for services.
The producer price index for final demand edged up 0.1 per cent last month after increasing 0.3 per cent in October, the Labor Department said on Friday. That was the smallest gain since April. In the 12 months through November, the PPI advanced 0.8 per cent after increasing 0.5 per cent in October.
Economists polled by Reuters had forecast the PPI gaining 0.2 per cent in November and rising 0.8 per cent on a year-on-year basis.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Strengthening Asean’s economic resilience through RCEP’s 2027 review
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
