WASHINGTON, Oct 11 - U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate.
Economists polled by Reuters had expected the PPI to gain 0.3%. In the 12 months through September, the PPI increased 2.2% after advancing 2.0% in August. The report was published ahead of the release on Thursday of September's consumer price data, which is being closely watched for clues on whether the Federal Reserve will raise or keep interest rates unchanged against the backdrop of rising U.S. Treasury yields and conflict in the Middle East.
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