Producer prices in U.S. increase in Oct. by most since 2012

THE PRODUCER-PRICE INDEX in the U.S. increased 2.9 percent in October. The month-to-month PPI increase of 0.6 percent was the largest upswing since 2012. / BLOOMBERG FILE PHOTO/TY WRIGHT
THE PRODUCER-PRICE INDEX in the U.S. increased 2.9 percent in October. The month-to-month PPI increase of 0.6 percent was the largest upswing since 2012. / BLOOMBERG FILE PHOTO/TY WRIGHT
NEW YORK - United States producer prices rose more than forecast in October for the biggest jump in six years on broad gains in costs for goods and services, a Labor Department report showed Friday. The producer-price index rose 0.6 percent from September after a 0.2 percent advance, and climbed 2.9 percent from a year…

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