US Nov. PPI rises 0.2% MoM, in line with forecasts

The U.S. Producer Price Index (PPI) for November rose 0.2% month-over-month, meeting market expectations, the Department of Labor announced. The PPI is often seen as a leading indicator for the Consumer Price Index (CPI). Separately, the previously delayed October PPI figures were also released, showing a 0.1% month-over-month increase, below the consensus forecast of 0.3%.