WASHINGTON — The sagging U.S. economy got some deflating news on Tuesday.
Prices for all U.S.-produced goods fell a seasonally adjusted 2.8 percent in October, the largest monthly decline since records started being kept in 1947, driven mostly by precipitous drops in energy costs, according to the Labor Department Producer Price Index. Prices dropped 0.4 percent in September and slid 0.9 percent in August. Prices in the core index, which excludes the more volatile food and energy sectors, rose 0.4 percent in October.
Wholesale prices for domestically manufactured women’s and girl’s apparel were flat in October from the previous month and...
Prices of U.S.-Produced Goods Make Record Drop in October
Prices of U.S.-Produced Goods Make Record Drop in October
by
Posted Wednesday November 19, 2008
From WWD Issue 11/19/2008
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