(CNN) — A key inflation gauge showed that US prices continued to climb in November as pandemic-era supply chain chaos and a labor shortage continues.
The producer price index — which tracks the average changes in selling prices that domestic producers receive over time — rose 9.6% over the 12 months ended in November. It was the biggest jump since the data series was first calculated in November 2010, according to the Bureau of Labor Statistics.
Stripping out prices received for food, energy and trade services, the index still climbed 6.9% over the same period, the biggest increase since August 2014.
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The-CNN-Wire
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