{"id":515665,"date":"2026-01-14T14:26:10","date_gmt":"2026-01-14T14:26:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/515665\/"},"modified":"2026-01-14T14:26:10","modified_gmt":"2026-01-14T14:26:10","slug":"wholesale-inflation-was-softer-than-expected-retail-sales-moved-higher-in-november","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/515665\/","title":{"rendered":"Wholesale inflation was softer than expected, retail sales moved higher in November"},"content":{"rendered":"<p>Customers shop at a Trader Joe&#8217;s store on Dec. 10, 2025 in Chicago, Illinois.<\/p>\n<p>Scott Olson | Getty Images<\/p>\n<p>Wholesale prices moved up less than expected while consumers kept up a heavy buying pace in November, according to economic data released Wednesday.<\/p>\n<p>The <a href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\" target=\"_blank\" rel=\"noopener\">producer price index<\/a>, a measure of final demand prices that producers get in the marketplace, rose just 0.2% for the month, according to seasonally adjusted figures from the Bureau of Labor Statistics. That was below the Dow Jones consensus for a 0.3% gain though one-tenth of a percentage point higher than October.<\/p>\n<p>Excluding food and energy, core PPI was flat on the month against expectations for a 0.2% gain.<\/p>\n<p>Though the monthly readings were soft, headline PPI was up 3% from a year ago, well ahead of the Federal Reserve&#8217;s 2% target. Core PPI excluding trade services posted a 3.5% annual gain, the biggest 12-month move since March 2025, according to the BLS.<\/p>\n<p>A 0.9% gain in goods prices fueled much of the PPI increase, with more than 80% attributable to a 4.6% jump in energy prices. Services prices were flat.<\/p>\n<p>On the consumer side, <a href=\"https:\/\/www.census.gov\/retail\/marts\/www\/marts_current.pdf\" target=\"_blank\" rel=\"noopener\">retail sales<\/a> rose 0.6% for November, according to Commerce Department figures adjusted for seasonality but not inflation. Economists surveyed by Dow Jones had been looking for an increase of 0.4%. Excluding autos, sales were up 0.5%, compared with the 0.3% estimate.<\/p>\n<p>The November gains were broad-based, with motor vehicle and parts dealers, building material and garden centers, gas stations, sporting goods stores and miscellaneous outlets all seeing gains eclipsing 1%. <\/p>\n<p>On a year-over-year basis, sales rose 3.3%, ahead of the 2.7% increase in the <a href=\"https:\/\/www.cnbc.com\/2025\/12\/18\/cpi-inflation-report-november-2025.html\" target=\"_blank\" rel=\"noopener\">consumer price index<\/a> for that month.<\/p>\n<p>The BLS remains behind schedule in the PPI data due to the government shutdown last year, while the retail sales data also is lagging.<\/p>\n<p>Financial markets reacted little to the data, with stock futures pointing lower and Treasury yields near flat. Traders continued to price in virtually no chance of a Fed rate rate when it meets later this month.<\/p>\n","protected":false},"excerpt":{"rendered":"Customers shop at a Trader Joe&#8217;s store on Dec. 10, 2025 in Chicago, Illinois. Scott Olson | Getty&hellip;\n","protected":false},"author":3,"featured_media":515666,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[104,78,133,64,81,79,266,135,230260,2023,67,132,68],"class_list":{"0":"post-515665","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-breaking-news","9":"tag-breaking-news-economy","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-economy","14":"tag-inflation","15":"tag-markets","16":"tag-producer-prices","17":"tag-retail-sales","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115893920393285125","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/515665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=515665"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/515665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/515666"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=515665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=515665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=515665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}