[[{“value”:”
**Wholesale Inflation Firms in November as Energy Prices Surge**
The Producer Price Index (PPI) for final demand rose by 0.2% month-over-month in November, following a 0.1% increase in October and a sharper 0.6% gain in September. On a year-over-year basis, final demand prices increased by 3.0% for the 12 months ending in November.
The monthly increase was largely driven by goods. Prices for final demand goods surged 0.9%, accounting for more than 80% of the overall rise. A key contributor to this jump was energy prices, which rose 4.6%, highlighting renewed volatility in fuel markets. In contrast, prices for final demand services remained flat, helping to moderate broader inflationary pressures at the producer level.
When excluding the more volatile categories of food, energy, and trade services, the core PPI rose 0.2% in November, down from a 0.7% increase in October. Over the past 12 months, core producer prices advanced by 3.5%, matching the fastest annual pace since March and indicating that underlying cost pressures remain persistent even as headline inflation fluctuates.
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