{"id":54818,"date":"2023-12-13T14:09:34","date_gmt":"2023-12-13T14:09:34","guid":{"rendered":"https:\/\/prosfunds.com\/business\/us-wholesale-inflation-dropped-to-0-9-annually-in-november\/"},"modified":"2023-12-13T14:09:35","modified_gmt":"2023-12-13T14:09:35","slug":"us-wholesale-inflation-dropped-to-0-9-annually-in-november","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=54818","title":{"rendered":"US wholesale inflation dropped to 0.9% annually in November"},"content":{"rendered":"<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clq3s9knk000o64qscagbf8us@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      US inflation at the wholesale level cooled even further last month as energy prices continued to tumble, according to data released Wednesday by the Bureau of Labor Statistics.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clq3srq6g0003356hdn85gxxx@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      The Producer Price Index, which measures the average price changes that businesses pay to suppliers, rose at a slower pace of 0.9% for the 12 months ended in November, down from a 1.2% annual increase in October.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clq3srq6g0004356hkxyplux8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      On a monthly basis, prices were unchanged. That\u2019s up from the 0.4% decline the month before.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clq3srq6g0005356hkagmovr1@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Economists expected PPI to inch up 0.1% from October and rise 1% on an annual basis, according to Refinitiv estimates.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clq3srq6g0006356h5bgkvfp2@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      When stripping out the more volatile food and energy, core PPI was flat for the month, bringing the yearly increase to 2%.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clq3srq6g0007356hcbanjwws@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      PPI is a closely watched inflation gauge since it captures average price shifts before they reach consumers and serves as a potential signal for the prices consumers ultimately end up paying.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/clq3srq6g0008356htb0bhf9k@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      <em>This story is developing and will be updated.<\/em>\n  <\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnn.com\/2023\/12\/13\/economy\/november-ppi-inflation-data\/index.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US inflation at the wholesale level cooled even further last month as energy prices continued to tumble, according to data released Wednesday by the Bureau of Labor Statistics. The Producer Price Index, which measures the average price changes that businesses pay to suppliers, rose at a slower pace of 0.9% for the 12 months ended [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-54818","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US wholesale inflation dropped to 0.9% annually in November | Prosfunds<\/title>\n<meta name=\"description\" content=\"US inflation at the wholesale level cooled even further last month as energy prices continued to tumble, according to data released Wednesday by the\" \/>\n<meta name=\"robots\" content=\"index, follow, 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