Energy prices push Oct. PPI up 0.7%

The core rate of the producer price index, meanwhile, fell 0.3% in October, due to falling prices for autos, trucks, clothing and food. It was the largest decline in core prices in 30 months.

The 0.7% gain in the PPI was much greater than the flat reading expected by economists surveyed by MarketWatch. The 0.3% decline in the core rate was lower than the 0.1% gain expected.