November PPI Drops 0.8%; Core Rate Rises 0.1%

The November producer price index fell 0.8% and the core rate rose 0.1%, the Labor Department reported Thursday.

The October numbers were unrevised from the originally reported 0.2% slip in the headline number and a 0.2% fall in the core rate.

Economists polled by Thomson Reuters expected a 0.5% rise in the headline number and a 0.2% core increase.

Food prices rose 1.3% in the month, while energy prices fell 4.6%.

Intermediate goods dropped 1.2%, while core intermediate goods prices were off 0.1%.

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