Wholesale Prices in U.S. Fall More Than Forecast on Energy

Wholesale prices in the U.S. fell more than forecast in November, led by the biggest drop in energy costs in more than a year, signaling inflation pressures remain weak even as the world’s largest economy is expanding.

The 0.2 percent decrease in the producer-price index followed a 0.2 percent advance in the prior month, a Labor Department report showed today in Washington. The median forecast of 75 economists surveyed by Bloomberg called for a 0.1 percent decline. Costs were up 1.4 percent over the past 12 months, the smallest year-to-year gain since February.