"November Sees US Wholesale Inflation Plummet to 0.9% Annually"
US wholesale inflation, as measured by the Producer Price Index (PPI), dropped to 0.9% annually in November, below pre-pandemic levels and the second-lowest rate this year. Tumbling energy prices contributed to the decline, with energy prices dropping by 1.2% in November. Transportation and warehousing costs also decreased, offsetting a slight increase in food prices. The core PPI, excluding food and energy, remained flat for the month. The Federal Reserve is expected to keep interest rates unchanged, as declining goods demand and a slowing economy are likely to keep inflation in check.
