Forex News: 19.12.2006 U.S. November PPI rises 2.0%
Producer prices rose much more than expected in November, as the core producer price index rose by the most since July 1980.The November producer price index climbed by 2%, the biggest rise since November 1974, data show.
The core PPI, which excludes food and energy prices, rose 1.3%. Much of the gain in the headline producer price number was in energy prices, which rose by 6.1%.
Economists were expecting the PPI to rise by 0.7%. They also forecast a 0.3% rise in the core PPI.
posted by Kalin Tasev @ 1:07 PM
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