European Union

PPI YoY climbed to -1.2 in November 2024

PPI YoY climbed to -1.2 in November 2024, up 2.1 from October's -3.3 reading. The print came in hotter than the -1.3 consensus, a hotter print than forecasters anticipated. PPI YoY has now risen for 3 consecutive months. Over the past 3 months, PPI YoY averaged -3.3, vs -2.53 in the prior 3-month window. PPI YoY is now the highest in 18 months.