October Wholesale Prices Dip Record 2.8%
By Martin Crutsinger
WASHINGTON -- Wholesale prices plunged a record amount in October as energy prices fell by the largest amount in 22 years. The Labor Department says wholesale prices dropped by 2.8% in October, the biggest one-month decline on records that go back more than 60 years. The previous record holder was a 1.6% fall in October 2001, the month after the terrorist attacks. The overall decline in the department's Producer Price Index was bigger than the 1.8% drop analysts had expected. However, core inflation, which excludes energy and food, was not as well-behaved, rising by a bigger-than-expected 0.4%.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,023.42 | 1,069.30 | 2,112.44 | 35.03 |
Oil *
76.05
|
|
UP
17.46
|
UP
2.67
|
UP
7.12
|
DOWN
0.30
|
10 Yr
3.50%
SPDR Gold
107.43
|
|
+0.17%
|
+0.25%
|
+0.34%
|
-0.85%
|
Data delayed 20 minutes |














