By Zach Halaschak | Washington Examiner
Inflation, as measured by the producer price index, rose four-tenths of a percentage point to 3% for the year ending in November, the Bureau of Labor Statistics reported Thursday.
The hot inflation rate is more than economists had anticipated and adds to recent signs that price pressures have not yet abated as President-elect Trump prepares to take office. In fact, November marked the largest rise in PPI inflation since February 2023.
On a month-to-month basis, the producer price index increased by 0.4%.