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.

Key Takeaways November wholesale inflation data showed an unexpected increase. Producer Price Index (PPI) increased by 0.4% compared to the prior month.The spike in prices of final goods was attributable to a more-than 54% jump in the price of eggs as disruptions from bird flu pushed food prices higher.