U.S. wholesale prices rose modestly in November, a government report said, with the data delayed by last fall’s federal government shutdown.
The Labor Department reported Wednesday that its producer price index — a measure of inflation before it reaches consumers — increased 0.2% in November from October. The same report said the index was up 3% compared with a year earlier.
The figures were released later than planned. The report was originally scheduled for Dec. 11, but it was held back by the 43-day shutdown, the Labor Department said.
The Labor Department will release the December producer price index on Jan. 30, the report added. It was originally scheduled to come out Wednesday.
The report said gasoline prices rose sharply in November.
It also reported that excluding volatile food and energy prices, core wholesale prices were unchanged from October, and up 3% from November 2024.
The AP reported that the latest wholesale inflation picture suggests less impact so far than expected from President Donald Trump’s sweeping taxes on imports, which were expected to raise inflation sharply.
Separately, the Labor Department reported Tuesday that consumer price inflation cooled last month, rising 0.3% from November and 2.7% from December 2024. The report said inflation remains above the Federal Reserve’s 2% target.