From CNBC:
Wholesale prices were flat in November, providing a leading indicator that inflation is easing.
The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month, following a 0.4% decrease in October but less than the Dow Jones estimate for a 0.1% gain.
On a year-over-year basis, headline PPI accelerated just 0.9%, after peaking above 11.5% in March 2022. [Can CNBC say "transitory"?]
Excluding food and energy, the index also was unchanged against an estimate for a 0.2% increase. Excluding food, energy and trade services, PPI increased 0.1%, posting a sixth straight increase and good for a 12-month gain of 2.5%.
Personal investing: bought NOG today.
RACE: I haven't looked at RACE in a long time. Let's check in. RACE is down today. One year ago we all had the same information.
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