Wholesale Prices in U.S. Unexpectedly Fall on Fuel, Vehicles
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Wholesale prices in the U.S. unexpectedly fell in October for the first time in five months as energy and vehicle costs dropped.
The 0.2 percent decline in the producer price index came after a 1.1 percent increase the prior month, Labor Department figures showed today in Washington. The median estimate in a Bloomberg survey of 73 economists called for a 0.2 percent rise. Excluding volatile food and energy, the so-called core measure decreased 0.2 percent, the first drop since November 2010.