U.S. wholesale inflation unexpectedly accelerated in November on a surge in egg prices, while other categories of goods experienced more moderate increases, suggesting a muted effect on the Federal Reserve’s preferred price gauge.

The producer price index (PPI) for final demand rose 0.4 percent from a month earlier—the most since June—according to a Bureau of Labor Statistics (BLS) report released Thursday. Details showed little change or outright declines in several key categories of services prices, which economists read as allaying some concerns over recent firming in broader inflation metrics.

The inflation data and filings for unemployment insurance, which showed an uptick in applications in the week after Thanksgiving, were among the last key indicators to be published before the Fed’s policy meeting next week. The U.S. central bank is widely expected to cut its benchmark rate for a third straight gathering and signal a slower pace of reductions in 2025.