Economic Buzz: US Producer Prices Flat In November

Economic Buzz: US Producer Prices Flat In November

Dec 13, 2019 03:12 IST capital market

US producer prices came in unchanged in the month of November with higher prices for goods offsetting lower prices for services, the Labor Department reported on Thursday. Producer price index for final demand was flat in November after climbing by 0.4 percent in October. The report said prices for final demand goods rose by 0.3 percent in November, primarily reflecting a 1.1 percent jump in food prices. Energy prices also increased by 0.3 percent. Excluding the increases in food and energy prices, core producer prices dipped by 0.2 percent in November after rising by 0.3 percent in October. Core prices had been expected to inch up by 0.2 percent. The unexpected drop in core prices came as prices for final demand services slid by 0.3 percent in November after climbing by 0.3 percent in the previous month.

Powered by Commodity Insights

Related Story