What’s Driving the Increase?
The rise in November’s PPI is attributed primarily to goods, with the index for final demand goods climbing 0.7%, its highest monthly increase since February. Notably, food prices surged 3.1%, with a staggering 54.6% spike in chicken egg prices leading the gains. Other contributors included fresh and dry vegetables, fresh fruits, and processed poultry. In contrast, diesel fuel and organic chemicals prices posted declines.
Final demand services also advanced by 0.2%, driven by an 0.8% increase in trade services margins. Specific gains were seen in machinery and vehicle wholesaling, securities brokerage, and retailing of automotive fuels and food. Conversely, prices for airline passenger services and guestroom rentals…
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