Producer Prices in U.S. Unexpectedly Climb on Services Costs

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Wholesale prices in the U.S. unexpectedly increased in October as higher costs for services and food outweighed a slump in energy.

The 0.2 percent advance in the producer-price index followed a 0.1 percent drop the prior month, the Labor Department said today in Washington. The median estimate in a Bloomberg survey called for a 0.1 percent decline.