The Labor Department reported on Friday the U.S. producer-price index (PPI) edged up 0.1 percent m-o-m in November, following an unrevised 0.3 percent m-o-m gain in October.

For the 12 months through November, the PPI rose 0.8 percent after an unrevised 0.5 percent advance in the previous month. That was the largest advance since the 12 months ended in February.

Economists had forecast the headline PPI would increase 0.2 percent m-o-m last month and 0.8 percent over the past 12 months.

According to the report, the November uptick in the final demand index can be traced to a 0.4-percent m-o-m increase in prices for final demand goods. Meanwhile, the index for final demand services was unchanged m-o-m.

Excluding volatile prices for food and energy, the PPI also edged up 0.1 percent m-o-m and jumped 1.4 percent over 12 months. Economists had forecast gains of 0.2 percent m-o-m and 1.5 percent y-o-y.