Producer Prices in U.S. Decrease for First Time in a Year
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Wholesale prices in the U.S. unexpectedly fell in September for the first time in a year, propelled by a drop in fuel costs that continues into this month, Labor Department figures showed today.
The 0.1 percent decrease in the producer price index was the first decline since August 2013 and compares with the 0.1 percent gain median forecast of economists surveyed by Bloomberg. The so-called core measure, which strips out volatile food and fuel, was unchanged.