U.S. producer price inflation eases to still-high 8.5%

The September monthly rise was more than projected due to increasing hotel room fees and other charges.

Fresh and dried vegetable prices rose 16% from August to September.

Consumers' finances are being squeezed by increased grocery and petrol expenses.

Services prices climbed 0.4% in September, the biggest in three months.

Nursing home prices climbed 0.7% last month, boosting healthcare expenditures.

Wednesday's producer pricing data catches inflation early in the manufacturing process and may frequently predict consumer prices.

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