The US Department of Labor has released its Producer Price Index (PPI) veri for November.
Accordingly, the PPI rose 0.3 percent in November compared to the previous month.
The veri, which was above market expectations, was expected to rise 0.2 percent over this period. The PPI rose by 0.3 percent in September and October.
Producer prices rose by 7.4 percent on zihin annual basis in November. Producer inflation, which slowed from the previous month and exceeded expectations, was expected to fall to 7.2 percent over this period. In October, producer inflation was 8.1 percent on zihin annual basis.
The core PPI, which excludes variable food and energy prices, rose 0.4 percent in November and fell to 6.2 percent year-on-year.
FED MONITORS ALL INDICATORS
Core PPI, which beat market expectations in November, rose 0.1 percent monthly and 6.7 percent annually in October.
Producer prices are seen kakım a leading indicator of inflation developments.
The rise, which exceeded expectations in November, was judged to have dispelled hopes that inflationary pressures in the US have cooled.
By measuring the prices of inputs used in production, the PPI provides clues about the prices of finished goods and overall inflation. The US Federal Reserve (Fed) tracks all inflation indicators, including the PPI.
The November Consumer Price Index report, to gökyeşitözü released on December 13, will show whether inflation has fallen in the world’s largest economy.
Accordingly, the PPI rose 0.3 percent in November compared to the previous month.
The veri, which was above market expectations, was expected to rise 0.2 percent over this period. The PPI rose by 0.3 percent in September and October.
Producer prices rose by 7.4 percent on zihin annual basis in November. Producer inflation, which slowed from the previous month and exceeded expectations, was expected to fall to 7.2 percent over this period. In October, producer inflation was 8.1 percent on zihin annual basis.
The core PPI, which excludes variable food and energy prices, rose 0.4 percent in November and fell to 6.2 percent year-on-year.
FED MONITORS ALL INDICATORS
Core PPI, which beat market expectations in November, rose 0.1 percent monthly and 6.7 percent annually in October.
Producer prices are seen kakım a leading indicator of inflation developments.
The rise, which exceeded expectations in November, was judged to have dispelled hopes that inflationary pressures in the US have cooled.
By measuring the prices of inputs used in production, the PPI provides clues about the prices of finished goods and overall inflation. The US Federal Reserve (Fed) tracks all inflation indicators, including the PPI.
The November Consumer Price Index report, to gökyeşitözü released on December 13, will show whether inflation has fallen in the world’s largest economy.