US producer price index rose 0.6% in Oct, vs 0.2% rise expected

Sean Proctor | Bloomberg | Getty Images

An employee works on the line at the Ford Motor Co. Dearborn Truck Plant in Dearborn, Michigan, Sept. 27, 2018. 

The U.S. producer price index jumped in October, its biggest monthly gain since September 2012.

Producer prices rose 0.6 percent in the month. PPI was expected to show an increase of 0.2 percent in October, in line with the prior month’s rise.