Producer prices continue on downward course

Lest the drop in inflation over the months leading up to the presidential election appear to be a mirage, a sign of future inflation has dipped again. Producer (wholesale) prices fell 0.2 percent in October for the third month.

The Labor Department attributed the decline mostly to lower seasonally adjusted prices for 1985 cars and trucks. Offsetting this somewhat, gasoline and heating oil prises rose, after four months of declines. After seasonal adjustment, the producer price index stood at 290.9. Goods costing $100 in 1967 cost $290.90 last month.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK