U.S. wholesale inflation hits nearly 6-year high, adds to case for Fed rate hike

• December 13, 2017
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The producer price index in November surged 0.4% for the third straight month, matching the forecast.

The increase was broad based. Another measure preferred by economists, known as core PPI, also rose a 0.4%. The core rate strips out food, energy and trade margins.

The increase in the PPI pushed the 12-month rate of wholesale inflation to 3.1%, the highest level since January 2012.

The yearly rate of core inflation climbed to 2.4%, the highest mark at least since mid-2014.