Plus for the third month in a row
In the USA, producer prices rose somewhat more sharply than expected in November. They rose by 0.8 percent year-on-year, according to the Department of Labor in Washington. Economists had only expected an increase of 0.7 percent on average. This means that producer prices rose for the third month in a row after falling for five months in a row.
In October, producer prices were up 0.5 percent year-on-year. Because of the corona crisis, producer prices fell significantly, especially in April and May.
In comparison to the previous month, producer prices rose by 0.1 percent in November. This increase was expected. In the previous month they had risen by 0.3 percent.