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

Key Takeaways The Consumer Price Index rose 2.7% over the year in November, up from 2.6% in October, marking the second consecutive month inflation has risen year-over-year.Groceries and used cars were among the items that got noticeably more expensive.

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.