US wholesale prices up 0.4 percent in November

SeattlePI.com Tuesday, 12 December 2017 ()
WASHINGTON (AP) — Prices at the wholesale level rose 0.4 percent in November and 3.1 percent over the past year. It was the biggest annual jump in nearly six years and reflected a big spike in the price of gasoline and other energy products. Last month's increase in the producer price index, which measures inflation pressures before they reach the consumer, marked the third straight month that wholesale prices have risen by 0.4 percent, the Labor Department reported Tuesday. The 3.1 percent rise from November 2016 was the biggest 12-month gain since a matching 3.1 percent increase for the 12 months ending in January 2012. Core inflation, which excludes volatile energy and food prices, rose 0.3 percent in November and 2.
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Source: Euronews English - < > Embed
News video: New car sales in Britain drop off

New car sales in Britain drop off 00:52

 New figures reveal car sales in Britain have now fallen five percent so far this year, on track for the first yearly drop since 2011. Amid lower consumer confidence and question marks over the future of diesel, data from the Society of Motor Manufacturers and Traders show that overall sales fell just...