Quick Review of US PPI Data

In November, the Producer Price Index (PPI) in the United States rose slightly month-on-month, mainly driven by an increase in energy costs, although service prices remained largely stable. Compared to the same period last year, the overall Producer Price Index increased by 3%. Excluding food and energy, the PPI was flat compared to the previous month and rose by 3% compared to November 2024. It is expected that the Federal Reserve will temporarily maintain interest rates after three consecutive rate cuts, waiting for inflation to further cool down and assessing dynamics in the labor market