US PPI Ex Food, Energy and Trade YoY (Nov) Y/Y 3.5% vs. Exp. 2.8% (Prev. 3.4% )

US PPI Ex Food, Energy and Trade YoY (Nov) Y/Y 3.5% vs. Exp. 2.8% (Prev. 3.4% )

The US Producer Price Index (PPI) excluding food, energy, and trade for November came in at 3.5%, significantly above expectations of 2.8% and slightly higher than the previous month's 3.4%. This stronger-than-expected print suggests persistent inflationary pressures, which could influence upcoming monetary policy decisions by the Fed as they assess the growth-inflation balance.