WASHINGTON—Wholesale prices in the United States rose 7.4 percent in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.
The latest year-over-year figure was down from 8 percent in October and from a recent peak of 11.7 percent in March. On a monthly basis, the government said Friday that its producer price index, which measures costs before they reach consumers, rose 0.3 percent from October to November for the third straight month.
