Investing.com - Producer price inflation in the U.S. rose more than expected in November, according to data released on Wednesday.
The Labor Department said its producer price index rose 0.4% last month after a flat reading in October.
In the 12 months through November, the PPI increased 1.3% after rising 0.8% in October.
Economists had forecast the PPI gaining 0.1% last month and rising 0.9% from a year ago.
A key measure of underlying producer price pressures that excludes food, energy and trade services rose 0.4% last month after edging down 0.2% in October.
The so-called core PPI was up 1.6% in the 12 months through November, better than forecast of a 1.3% rise and up from 1.2% in October.
Core prices are viewed by the Federal Reserve as a better gauge of longer-term inflationary pressure because they exclude the volatile food and energy categories.