Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints. Thursday's report from the Labor Department showed that its producer price index (PPI) — which tracks the price changes companies see — rose 3% from the year prior,

Inflation, as measured by the producer price index, rose four-tenths of a percentage point to 3% for the year ending in November, the Bureau of Labor Statistics reported Thursday. The increase in the inflation rate is more than economists had anticipated and adds to recent signs that price pressures have not yet abated as President-elect Trump prepares to take

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago.