Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago.

Inflation has proved incredibly stubborn over the fall, the November consumer price index shows, thanks in part to insurance premiums, particularly for autos.

Here are the latest inflation numbers for November. The new numbers come a month after the consumer price index ticked up for the first time in a while.

Inflation showed little progress in cooling to the Federal Reserve’s 2% target in November, though the pace of price growth was in line with economists’ expectations. The consumer price index climbed 2.

Wholesale costs in the U.S. picked up sharply last month, a sign that price pressures are still evident in the economy even though inflation has tumbled from peak levels.

US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers.

US wholesale inflation unexpectedly accelerated in November as a surge in egg prices masked more mild costs elsewhere.

Inflation in November rose modestly, with housing costs continuing to be a major factor in price increases. However, the Fed is expected to proceed with an interest rate cut next week.