The producer price index for final demand rose 0.3% last month. Data for October was revised higher to show the PPI gaining 0.3% instead of 0.2% as previously reported
U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week.
Inflation is gradually slowing as supply chains ease and demand for goods ebbs. The Institute for Supply Management last week reported that its measure of prices paid by factories for goods dropped to a 2-1/2 year low in November.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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