US Producer Prices Rise 7.4% in November, Exceeding Market Expectations
[Asia Economy New York=Special Correspondent Joselgina] The U.S. Department of Labor announced on the 9th (local time) that the Producer Price Index (PPI) for November rose 7.4% compared to the same month last year. The increase was smaller than in October (8.1%), confirming a slowdown for five consecutive months. However, it exceeded market expectations (7.2%).
The PPI rose 0.3% compared to the previous month, maintaining the same level for three consecutive months. This also surpassed market expectations (0.2%).
The core PPI, excluding energy and food, rose 0.3% month-over-month and 4.9% year-over-year. The year-over-year increase slowed compared to October (5.4%), but the month-over-month increase was slightly higher.
Hot Picks Today
!["It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]](https://cwcontent.asiae.co.kr/asiaresize/93/2026052019230771274_1779272587.jpg)
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Major foreign media outlets evaluated the PPI exceeding market expectations as a sign of inflation entrenchment. With key indicators, including the labor market, showing solid confirmation recently, there is a growing outlook that the central bank, the U.S. Federal Reserve (Fed), will continue stronger tightening next year than previously expected.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
