The U.S. headline Producer Price Index (PPI) increased 0.3% in October, following September's revised 1.4% increase, the U.S. Labor Department announced Friday. The latest headline data was slightly cooler than expected, as economists had forecast a 0.4% increase. Core producer prices have risen 4.9% over the last 12 months. However, annual inflation continues to climb. The report said that producer prices increased 6.5% over the last 12 months, the largest annual rise since the 7.4% increase recorded in No ...