Wholesale prices rose at their fastest annual pace on record in November, with the newest inflation-related datapoint adding to broader concerns about the persistence of elevated prices as higher input costs for producers tend to trickle down to consumers.
The Labor Department said in a Dec. 14 statement that, for the 12 months ending in November, the final demand producer price index (PPI) jumped by 9.6 percent, the highest number in the history of the series, which goes back to 2010. Consensus forecasts predicted a slower 9.2 percent rise in the PPI final demand measure.
