Investing.com – Producer price inflation in the U.S. rose more-than-expected in November, official data showed on Tuesday.
In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.8% in November, after rising by 0.4% in October.
Analysts had expected PPI to increase by 0.5% in November.
The report also showed that core PPI, which excludes food and energy costs, rose more-than-expected in November, rising by 0.3%, after falling by 0.6% in October.
Analysts had expected core PPI to increase by 0.2% in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.25% to hit 1.3424.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a rise of 0.07%, S&P 500 futures pointed to a gain of 0.10%, while the Nasdaq 100 futures were up 0.07%.
In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.8% in November, after rising by 0.4% in October.
Analysts had expected PPI to increase by 0.5% in November.
The report also showed that core PPI, which excludes food and energy costs, rose more-than-expected in November, rising by 0.3%, after falling by 0.6% in October.
Analysts had expected core PPI to increase by 0.2% in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.25% to hit 1.3424.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a rise of 0.07%, S&P 500 futures pointed to a gain of 0.10%, while the Nasdaq 100 futures were up 0.07%.