Economics
Prices Paid to U.S. Producers Rose at Slower Pace in November
- Producer Price Index increased 0.1%, matching median forecast
- Costs excluding food, energy, and trade services also cooled
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Prices paid to U.S. producers remained tame in November, indicating limited pricing power as the pandemic continues to weigh on the economy.
The producer price index rose 0.1% from a month earlier after a 0.3% gain in October, Labor Department figures showed Friday. The figure matched the median estimate in a Bloomberg survey of economists. The PPI climbed 0.8% from November 2019, marking the third year-over-year gain.