US DATA: Nov PPI +0.8% above expectations of +0.7%, core +0.3%
(+0.28785% unrounded) for +3.5% YOY overall and +1.2% YOY core. Driving
rise in overall index was finished energy goods prices (+2.1%); within
that gasoline prices +4.7%. Finished consumer foods also up 1.0%. Rise
in PPI core fueled by cars (+1.7%); BLS analyst says car prices boosted
by ‘reasonable’ inventories, rising demand. Intermediate goods +1.1%,
-0.7% excluding foods and energy. Crude goods price index +0.6%.