The U.S. Bureau of Labor Statistics reported this morning that prices for finished goods fell 0.8% in November, better than Bloomberg’s consensus estimate for a 0.5% drop. Excluding food and energy costs, producer prices rose 0.1%, again better than the expected rise of 0.2%.
Food prices rose 1.3% in November, on top of a 0.4% rise in October. Energy costs fell sharply, by 4.6% in November compared with a rise of 0.5% in October. The decline in energy prices was the largest decrease since March 2009. Gasoline prices fell 10.1% on top of a 2.2% decline in October.
For the past 12 months, wholesale prices are now up 1.5%, or 2.2% excluding food and energy costs.
The consumer price index (CPI) is due out tomorrow. The consensus estimates call for a drop of 0.2% overall and a rise of 0.2% excluding food and energy. Falling gasoline prices are once again the main driver of the inflation indexes this month.
Paul Ausick
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
