Producer prices increased 0.4% in November, seasonally adjusted, after remaining unchanged in October, according to the U.S. Bureau of Labor Statistics. Year over year, producer prices have risen 1.3%, which is the largest 12-month rise since November 2014 (1.3%).
Prices for final demand services rose 0.5% in November, the largest increase since January 2016. Much of the advance was due to the index for final demand trade services, which increased by 1.3%.
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