Wholesale prices increased at their quickest pace on record in November, the Labor Department reported Tuesday.
The producer price index for final demand products increased 9.6% over the previous 12 months after rising another 0.8% in November. Economists had been looking for an annual gain of 9.2%, according to FactSet.
The Labor Department’s record keeping for the headline number goes back to November 2010. To read the full CNBC story, click here.
