US wholesale inflation picked up speed in November, pushed higher in part by fast-rising energy prices, according to shutdown-delayed data released Wednesday. The latest Producer Price Index report showed that prices rose 0.2% in November from the month before, resulting in an annual rate of 3%, according to the Bureau of Labor Statistics. In October, falling energy prices resulted in a softer overall reading: Producer prices rose 0.1% from September and were up 2.8% annually. Wednesday’s report also showed that wholesale inflation was hotter than previously thought in September. The latest PPI also provided a potential glimpse at how businesses are navigating higher costs that they’re paying because of President Donald Trump’s sweeping tariffs on imported goods.

Source: CNN January 14, 2026 15:06 UTC