Wholesale prices rose 3.2 percent in November, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The gain followed increases of 0.1 percent in October and 1.1 percent in September.
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At the earlier stages of processing, prices for intermediate goods moved up 3.7 percent after rising 0.1 percent in the prior month, while the crude goods index increased 8.7 percent following a 2.4-percent advance in October.
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The acceleration in the finished goods index was led by prices for energy goods, which surged 14.1 percent in November following a 0.8-percent decrease in October. Prices for finished goods excluding foods and energy, or core inflation, rose 0.4 percent after no change in the preceding month. By contrast, prices for finished consumer foods were unchanged compared with a 1.0-percent increase a month earlier.
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Before seasonal adjustment, the Producer Price Index for Finished Goods advanced 1.6 percent in November to 171.3 (1982 = 100). From November 2006 to November 2007, prices for finished goods rose 7.2 percent.
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Over the same period, the finished energy goods index climbed 23.6 percent, prices for finished consumer foods increased 7.3 percent, and the index for finished goods other than foods and energy moved up 2.0 percent.
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For the 12 months ended November 2007, prices for intermediate goods increased 8.1 percent, while the crude goods index jumped 22.4 percent.
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