Producer prices in the U.S. unexpectedly showed a modest uptick in the month of November, according to a report released by the Labor Department on Tuesday.
The Labor Department said its producer price index for final demand inched up by 0.1 percent in November after climbing by 0.6 percent in October. Economists had expected prices to be unchanged.
Excluding food and energy prices, core producer prices rose by 0.3 percent in November following a 0.5 percent increase in October. Core prices had been expected to edge up by 0.1 percent.
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