US: Annual PPI rises to 9.6% in November vs. 9.2% expected

The headline US Producer Price Index (PPI) rose at an annual pace of 9.6% in November, according to the latest report from the US Bureau of Labor Statistics on Tuesday. That was above the median economist forecast for 9.2%. MoM, PPI came in at 0.8% in November, also well above expectations for a 0.5% MoM gain.