Producer prices in the USA rose by 0.4 percent in November, the highest growth rate since the summer, according to fresh figures from the USA's labor market department.
The average forecast among economists before the report was an increase in producer prices of 0.2 percent in November, according to Bloomberg's compilation.
In annual terms, producer prices rose in November by 3.0 percent, which is the highest growth rate since early 2023.
Excluding food and energy, price increases for producers in the USA were 0.2 percent compared to the previous month and 3.4 percent in annual terms.
The producer prices follow an inflation figure for November on Wednesday, which rose to 2.7 percent from 2.6 percent in October. The increase was in line with expectations.
The price statistics come ahead of next week's interest rate decision from the USA's central bank Federal Reserve (Fed), which most analysts believe will include another interest rate cut of 0.25 percentage points.
