India, Nov. 13 -- A report released by the Labor Department on Friday showed producer prices in the U.S. increased by slightly less than expected in the month of October.

The Labor Department said its producer price index for final demand rose by 0.3 percent in October after surging by an upwardly revised 1.4 percent in September.

Economists had expected producer prices to climb by 0.4 percent compared to the 1.3 percent jump originally reported for the previous month.

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