USA: production prices Index falls 0.1% in November

FXstreet.com (Córdoba)-the United States producer prices contracted 0.1 percent in November, the Labor Department reported Friday.

This reading lost expectations of a flat reading, but it came down to 0.2% in October.

In the twelve months to November, prices rose 0.7 percent, slightly below 0.8% expected increase but especially the 0.3% increase seen the previous month. Ex-food and energy, prices rose 0.1% MOM and 1.3% on an annual basis, against a 0.1% and median 1.4% respectively.

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