According to the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand increased by 0.4%in November on a seasonally adjusted basis.
This follows a 0.3% rise in October and a 0.2% increase in September. On an unadjusted basis, the index for final demand rose by 3.0% over the 12 months ending in November, marking the largest annual increase since a 4.7% rise for the 12 months ending in February 2023.
In November, nearly 60% of the overall increase in final demand prices was driven by a 0.7% rise in the index for final demand goods. Prices for final demand services increased by 0.2%.
The index for final demand excluding food, energy, and trade services edged up by 0.1% in November, following a 0.3% rise in October. Over the 12 months ending in November, prices for final demand excluding food, energy, and trade services increased by 3.5%.
Source: U.S. Bureau of Labor Statistics
Global markets remained under pressure on Thursday as the U.S. dollar extended its rally on growing expectations of additional Federal Reserve tightening.
Global markets remained under pressure as growing expectations of additional Federal Reserve rate hikes supported the U.S. dollar and weighed on major currencies and precious metals.
Global markets remained under pressure on Tuesday as expectations for tighter Federal Reserve policy outweighed optimism surrounding progress in U.S.–Iran negotiations.
Then Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
