THE PRODUCER PRICE INDEX REPORT

The Producer Price Index, which measures wholesale inflation, was reported for the month of November. The Headline PPI figure was up 0.3%, which was above expectations of 0.2%. On a year-over-year basis, PPI decreased by 0.7% from 8.1% to 7.4%, which was above the 7.2% estimate. Core PPI, which strips out food and energy prices, increased by 0.3% in November, which exceeded expectations by 0.2%. Year over year Core PPI decreased by 0.5% to 6.2%, which was above the 5.9% estimate.