Slower U.S. producer price growth adds to improving inflation outlook

Producer prices increase 0.2% in OctoberPPI excluding food, energy, trade climbs 0.2%PPI rises 8.0% year-on-year; Core PPI up 5.4%WASHINGTON, Nov 15 (Reuters) - U.S. producer prices increased less than expected in October as services fell for the first time in nearly two years, offering more evidence that inflation was starting to subside, potentially allowing the Federal Reserve to slow its aggressive pace of…