U.S. producer prices for finished goods fell 0.2 percent in October after rising the previous four months, the Bureau of Labor Statistics reported Wednesday.
Prices for food items rose 0.4 on a seasonally adjusted basis, while energy prices fell 0.5 percent. Core prices, which excludes both energy and food items because of the price volatility of those categories, fell 0.2 percent month-to-month.
On an annual basis, prices were up 2.3 percent in October, consistent with August and September, when 12-month price gains stood at 2 percent and 2.1 percent, respectively.
Prices for finished goods in the energy sector turned lower after rising 4.7 percent in September. Most of the decline was prompted by a 2.2 percent drop in gasoline prices, although prices for home heating oil and and liquefied petroleum gas also fell.
Most Popular Stories
- Entrepreneurs Chase Social Media
- European Car Sales up First Time in 20 Months
- Schedule packed with talent at the Fox
- I never set out to be a role model but it's great to be one ; IN THE HOTSEATBetter known by his stage name Wretch 32, Jermaine Sinclair is a 28-year-old rapper from London. In 2011 his debut album Black and White sold over a million copies and scored three top five singles. His latest single Blackout was released this week
- Manila's Hollywood Week
- Austin musicians point to a variety of reasons to appreciate McCartney
- Financial Times Twitter, Email Hacked
- Apple's iPhones, iPads Approved for Military Use, Sir Yes Sir!
- SINCE YOU ASKED [Pittsburgh Tribune-Review (PA)]
- Promoter McLean 'provided more musical joy than Dylan and Prince combined'