Wholesale prices rose more than expected in November as food prices surged. The producer price index increased 0.3% for the month and 7.4% from a year ago. Economists surveyed by Dow Jones had been looking for a 0.2% gain.
The producer price index rises 0.3% for the month and 7.4% from a year ago. Economists surveyed by Dow Jones had been looking for a 0.2% rise. Excluding food and energy, core PPI was up 0.4%, also against a .2% estimate. Core PPI is up 6.2%, compared with 6.6% in October.