Posted 12/13/2023, 2:51:00 PM
Wholesale Inflation Holds Steady in November, Supporting View that Price Surges Are Slowing
- Wholesale inflation was unchanged in November and up just 0.9% annually, lower than expected
- Core wholesale prices excluding food and energy also did not change and rose 2.2% annually
- Data suggests high inflation for consumers is starting to ease
- Reports will impact Fed decisions on interest rates after aggressive hikes this year
- Many economists believe the Fed is nearly done with rate hikes given declining inflation