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Wholesale Prices in U.S. Were Weaker Than Forecast in October

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U.S. Producer Prices Remain Unchanged in October

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Wholesale prices in the U.S. were unexpectedly weak in October as declines in the costs of services offset increases in goods, in a sign inflation is struggling to gain traction.

The unchanged reading in the producer-price index from the previous month followed a 0.3 percent rise in September, a Labor Department report showed Wednesday in Washington. The median forecast of economists surveyed by Bloomberg called for a 0.3 percent increase.