\n<\/p>\n
Customers shop at a Trader Joe’s store on Dec. 10, 2025 in Chicago, Illinois.<\/p>\n
Scott Olson | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Wholesale prices moved up less than expected while consumers kept up a heavy buying pace in November, according to economic data released Wednesday.<\/p>\n
The producer price index<\/a>, a measure of final demand prices that producers get in the marketplace, rose just 0.2% for the month, according to seasonally adjusted figures from the Bureau of Labor Statistics. That was below the Dow Jones consensus for a 0.3% gain though one-tenth of a percentage point higher than October.<\/p>\n Excluding food and energy, core PPI was flat on the month against expectations for a 0.2% gain.<\/p>\n Though the monthly readings were soft, headline PPI was up 3% from a year ago, well ahead of the Federal Reserve’s 2% target. Core PPI excluding trade services posted a 3.5% annual gain, the biggest 12-month move since March 2025, according to the BLS.<\/p>\n A 0.9% gain in goods prices fueled much of the PPI increase, with more than 80% attributable to a 4.6% jump in energy prices. Services prices were flat.<\/p>\n On the consumer side, retail sales<\/a> rose 0.6% for November, according to Commerce Department figures adjusted for seasonality but not inflation. Economists surveyed by Dow Jones had been looking for an increase of 0.4%. Excluding autos, sales were up 0.5%, compared with the 0.3% estimate.<\/p>\n The November gains were broad-based, with motor vehicle and parts dealers, building material and garden centers, gas stations, sporting goods stores and miscellaneous outlets all seeing gains eclipsing 1%. <\/p>\n On a year-over-year basis, sales rose 3.3%, ahead of the 2.7% increase in the consumer price index<\/a> for that month.<\/p>\n The BLS remains behind schedule in the PPI data due to the government shutdown last year, while the retail sales data also is lagging.<\/p>\n Financial markets reacted little to the data, with stock futures pointing lower and Treasury yields near flat. Traders continued to price in virtually no chance of a Fed rate rate when it meets later this month.<\/p>\n<\/div>\n<\/div>\n\n
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