US wholesale prices pick up in November

By Agence France-Presse

Dec 14, 2024 12:11 am

WASHINGTON, D.C. — US producer inflation climbed in November, government data showed on Thursday, logging its biggest year-on-year increase since February 2023 as food costs jumped.

But on a monthly basis, underlying price increases remained muted when volatile areas such as food, energy and trade services were excluded, the Labor Department report said.

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