KEY POINTS
  • Wholesale prices rose 9.6% from a year ago, the highest level going back to November 2010.
  • The pace was even faster than the 9.2% estimate.
  • The core producer price index increased at a 6.9% pace, a bit slower than estimates but still the fastest ever in records dating to August 2014.

Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday.

The producer price index for final demand increased 9.6% over the previous 12 months after rising another 0.8% in November. Economists had been looking for an annual gain of 9.2%, according to FactSet.