FXstreet.com (Barcelona) - Producer prices have posted a historical increase in November pushed by the sharp increase in petrol prices, according to the latest report by the US Labor Department.
Wholesale prices have risen 3.2% in November, when the experts expected a 1.7% growth, November's increase has been the largest since 1973. Excluding food and energy , producer prices have increased 0.4%. On the year, PPI has risen 7.2%, while core PPI rose by 2%.
The acceleration of wholesale prices has been due to the 14% increase on energy prices, which decreased 0.8% in October. On the year, energy prices rose 4.3%.