A surge in fuel costs drove up producer prices more than expected in November, the government reported Tuesday, suggesting that companies may have to limit spending as they deal with rising costs.
Several analysts expressed surprise at the size of November’s 1.8 percent increase, and said they expected the months ahead to be more subdued as energy prices stabilize.
Still, the report on producer prices recorded the first year-over-year increase since the height of the financial crisis in November 2008. Analysts surveyed by Bloomberg News had expected an increase of 0.8 percent.
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