Producer Prices Rise More Than Expected

Producer Prices Rise More Than Expected
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When the October CPI came out, the mainstream spin was that inflation had peaked. But they might have gotten a little ahead of themselves. The Producer Price Index (PPI) data for November indicates that we may well see more consumer price inflation down the road. PPI was up 0.3% month-on-month in November, according to the latest data from the Bureau of Labor Statistics. The expectation was for a 0.2% gain. On an annual basis, wholesale prices rose by 7.4%. This was the smallest annual increase in PPI since May 2021, but it still indicates significant price pressures at the wholesale...
Source: https://www.newswars.com/producer-prices-rise-more-than-expected/