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

Producer prices rose by a larger-than-expected 0.4% in November from a month earlier, the latest sign of strengthening inflationary pressures. Economists surveyed by The Wall Street Journal had forecast that the producer-price index,

U.S. producer prices increased by the most in five months in November, but easing costs of services such as portfolio management fees and airline fares offered hope that the disinflationary trend remains in place despite stalled progress.