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U.S. producer prices rise slightly in November

Xinhua, December 12, 2015 Adjust font size:

U.S. producer prices rebounded in November following three months of declines, indicating the deflationary pressure may begin to ease.

The produce price index (PPI) for final demand rose 0.3 percent in November, compared to a decline of 0.4 percent in October, the Labor Department reported Friday.

The rise in the PPI can be traced to prices for final demand services, which advanced 0.5 percent. In contrast, the index of final demand goods moved down 0.1 percent, said the department.

Excluding the volatile food and energy sectors, the so-called "core" PPI rose 0.3 percent in November, compared to a decrease of 0.3 percent in October.

The U.S. Federal Reserve Chairwoman Janet Yellen said recently that the continuing improvement in the labor market helps strengthen confidence that inflation will move back to the objective of 2 percent over the medium term. Investors widely expected the Fed would likely to raise interest rates at its monetary policy on Dec. 15-16. Endit