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U.S. Producer Prices Up 0.3% in November

Wall Street Journal (12/11/15) Kate Davidson; Anna Louie Sussman

U.S. producer prices increased a seasonally adjusted 0.3% in November, driven by a gain in services, the U.S. Department of Labor reported Friday. This was the fastest pace of wholesale inflation since June. Economists surveyed by the Wall Street Journal had expected overall prices would hold steady, and core prices would rise 0.1%. Overall producer prices were down 1.1% in November from a year earlier, the 10th straight year-over-year decline. Core prices were up 0.5% from last year.