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Wholesale Prices in U.S. Unexpectedly Fell in September on Food
Wholesale prices in the U.S. unexpectedly dropped in September as food costs retreated, an indication inflation remains tame. The 0.1 percent decrease in the producer price index followed a 0.3 percent gain the prior month, a Labor Department report showed today. The median estimate in a Bloomberg survey of 80 economists called for a 0.2 percent advance. The so-called core measure, which strips out volatile food and fuel, increased 0.1 percent after being unchanged in August. Soft global demand has limited cost increases for raw and finished materials, restraining the pricing power of U.S. companies. That’s helping ... (full story)
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