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U.S. Nov. PPI 2.0% vs. 0.7% expected:

By Robert Schroeder
Last Update: 8:30 AM ET Dec 19, 2006

http://tinyurl.com/y5xv9m

WASHINGTON (MarketWatch) -- Producer prices rose by much more than expected in November, with the core producer price index rising by the most since July 1980, the Labor Department said.

The November producer price index climbed by 2%, the biggest rise since November 1974, statistics show.

Most of the gain in the headline producer price number was in energy prices, which rose by 6.1%

Of that, 17.9% was gasoline prices, while 14.6% was diesel fuel.

Economists surveyed by MarketWatch were expecting the PPI to rise by 0.7%. They also forecast a 0.3% rise in the core PPI.