(RTTNews) - Producer prices in the U.S. edged slightly higher in the month of November, according to a report released by the Labor Department on Friday. "Inflation remains in check, and high frequency data suggests that households are still hesitant to spend at pre-virus levels, signaling that price dynamics will continue to undershoot the Fed's 2% target in the near-term," said Mahir Rasheed, Associate U.S. On Thursday, the Labor Department released a separate report showing a modest increase in U.S. consumer prices in the month of November.