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The Independent UK
The Independent UK
National
Paul Wiseman

U.S. producer prices rose 0.2% last month on higher energy costs

US Producer Prices - (Copyright 2023 The Associated Press. All rights reserved)

U.S. wholesale inflation rose last month on higher energy prices.

The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared to a year earlier, producer prices were up 3.3%, down from 3.4% year-over-year increase in November.

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