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
Inflation and interest rate expectations took center stage as surging energy costs and stronger U.S. producer prices reshaped the policy outlook. The dollar index held above 99 as surprisingly hotter U.S. producer inflation pushed Fed rate hike odds to 71%.
Detail
US Producer Inflation AcceleratesUS producer prices rose 0.4% month-on-month in August, following a revised 0.1% increase in July. The reading matched market expectations and marked the strongest monthly increase in three years.
Detail Euro Gains Ahead of ECB Decision (09.10.2026)Monetary policy expectations remained the main driver on Thursday, with the euro advancing toward 1.1640 ahead of a widely anticipated ECB rate hike.
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