October PPI Gains 0.1%

Prices paid to U.S. producers rose 0.1% in October, the Labor Department said Wednesday.

The increase followed a 1.1% gain in September.

The so-called core PPI excluding food and energy was unchanged following a 0.1% rise in Sep-tember, Labor said.

Economists had forecast the PPI to increase by 0.3%, while the core rate was expected to rise 0.2%, Bloomberg reported.

 An increase in the PPI could indicate strong demand for goods, which would mean more ship-ments for trucking companies. However, if inflation begins to accelerate too quickly, it could also hurt the economy.