US wholesale prices increased less than expected in October, offering some relief on the inflation front, although a sharp acceleration in annual producer prices and persistent cost pressures could complicate the Federal Reserve's next interest rate decision. The producer price index (PPI), which measures the prices domestic producers receive for goods and services before they reach consumers, rose a seasonally adjusted 0.3% during the month, below the 0.4% increase expected by economists surveyed by Dow Jones, the Bureau of Labor Statistics reported on Friday. Core PPI, which excludes volatile food and energy prices, also increased 0.3%, in line with expectations. However, the annual headline PPI rate accelerated to 6.5%, up 0.
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