US Producer Prices Rise 6.5%, Highest in Four Years
JH Kim
Summary
- U.S. producer prices rose 6.5%, marking the highest level in the past four years.
- As wholesale price pressures intensified, the inflation burden on the Federal Reserve (Fed) could grow as it decides whether to raise its benchmark interest rate in December.
- The data was released as market attention remains focused on the Fed’s December monetary policy decision.
Forecast Trend Report by Period
U.S. producer prices rose 6.5%, the highest level in four years. The reading could add to the Federal Reserve's inflation concerns as policymakers decide whether to raise the benchmark interest rate in December.
The Bureau of Labor Statistics said on November 13 that U.S. producer prices rose 6.5%, marking the highest level in the past four years.
The acceleration in wholesale prices is also sharpening focus on the Fed's December policy decision.
The data was released as the central bank weighs inflation trends ahead of its December monetary policy decision.
JH Kim
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