US Producer Prices Top Market Estimates, Signal Sticky Inflation Ahead

Within the goods category, one-quarter of the November boost resulted from a 54.6 percent spike in prices for chicken eggs.

A factory worker is seen at a wind tower-manufacturing plant in Pueblo, Colo., on Nov. 29, 2023. Andrew Caballero-Reynolds/AFP/Getty Images

U.S. wholesale prices rose at a higher-than-expected pace in November, signaling sticky and stubborn inflationary pressures ahead across the marketplace.

According to the Bureau of Labor Statistics (BLS), the Producer Price Index (PPI)—a gauge of changes in prices paid by businesses for goods and services—climbed 0.4 percent last month from the upwardly revised 0.3 percent increase in October.