The mixed report from the Labor Department on Wednesday 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.
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. Food prices rebounded 0.9%, with processed young chickens and meats costing more. But prices for fresh and dry vegetables declined 13.9%. Wood pulp and utility natural gas prices also declined.
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