U.S. PPI Year-Over-Year Rises to a Four-Year High in November

As seen on the 24/7 Wall St. homepage on November 13, 2026.

Wholesale inflation at its hottest since 2022 hands the hawks more ammunition, with Waller and Logan already backing further hikes into December.

JUST IN: U.S. PPI YoY hits four-year high
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The Producer Price Index reading posted on November 13 marked the hottest pace of wholesale inflation in four years, extending a streak that is keeping Federal Reserve hawks firmly in the driver's seat heading into December.

Wholesale prices are a leading signal for what consumers and businesses pay downstream, so a four-year high in the year-over-year figure matters well beyond the headline number itself. Fed officials Waller and Logan had already been backing further rate hikes into December, and this data hands them a concrete argument.

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With the PPI running at a multi-year peak, expectations for a near-term pause in the Fed's tightening cycle become harder to defend. Any repricing in rate-sensitive assets, from Treasuries to growth equities, reflects how much weight the market assigns to this kind of inflation signal.

Hedgeye flagged the report in real time on November 13, and the post drew immediate engagement, underscoring how closely traders are tracking every wholesale inflation report right now.