US producer price index increased 0.3% on a seasonally adjusted basis in September, the Labor Department said Friday. Expectations were for a 0.2% increase.
Excluding often-volatile prices for food and energy, the so called core index, rose 0.2% last month, matching expectations.
The headline PPI rose 0.7% in September from a year earlier versus 0.6% expected. It was the largest annual increase in PPI since December 2014. Excluding food and energy, prices were up 1.2% from a year earlier, in line with analysts consensus.
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