US wholesale inflation picked up slightly in November from a month earlier on a jump in energy costs.

The producer price index rose 0.2% after climbing 0.1% in the prior month, according to the Bureau of Labor Statistics. The report, which included the first estimate of October wholesale price data, was delayed by the 43-day federal shutdown.

Compared with a year earlier, the overall PPI advanced 3%, the BLS said Wednesday. Excluding food and energy, the PPI was unchanged from the prior month and climbed 3% from November 2024.

The wholesale price data follow a report out Tuesday that showed underlying consumer inflation rose in December by less than projected in a sign of cooling price growth.