Financial News: U.S. Producer Prices Climb More Than Expected In

U.S. Producer Prices Climb More Than Expected In November

12/12/2024 - 08:40:00 (RTTNews)

(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by more than expected in the month of November.

The Labor Department said its producer price index for final demand climbed by 0.4 percent in November after rising by an upwardly revised 0.3 percent in October.

Economists had expected producer prices to inch up by 0.2 percent, matching the uptick originally reported for the previous month.

The report also said the annual rate of producer price growth accelerated to 3.0 percent in November from an upwardly revised 2.6 percent in October.

The annual rate of producer price growth was expected to rise to 2.6 percent from the 2.4 percent originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Producer Price Growth Exceeds Estimates In November (03 hr(s), 0 min(s),14 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Extend Rebound (03 hr(s), 05 min(s), 14 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story»

ECB Cuts Deposit Rate To 3.00% (04 hr(s), 05 min(s), 14 sec(s) ago)
(RTTNews) - The European Central Bank lowered its key interest rate by 25 basis points again, in l ...Full Story»

U.S. Producer Prices Climb More Than Expected In November (04 hr(s), 09 min(s), 14 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000 (04 hr(s), 14 min(s), 14 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story»

India Consumer Price Inflation Eases; Industrial Output Growth Improves (06 hr(s), 01 min(s), 14 sec(s) ago)
(RTTNews) - India's inflation eased more than expected in November from a 14-month high in the ...Full Story»

Italy Jobless Rate Falls To 6.1% In Q3 (06 hr(s), 36 min(s), 14 sec(s) ago)
(RTTNews) - Italy's unemployment rate declined further in the three months ended September, da ...Full Story»

Hong Kong Industrial Production Falls 0.1% In Q3 (07 hr(s), 23 min(s), 14 sec(s) ago)
(RTTNews) - Hong Kong's industrial production contracted in the third quarter, provisional dat ...Full Story»