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Wholesale Prices in U.S. Declined for Third Month in November

Bloomberg (12/13/13) Michelle Jamrisko

The Producer Price Index dropped 0.1% in November, according to the U.S. Department of Labor. This comes after a 0.2% drop in October. Economists surveyed by Bloomberg had predicted no change. The core measure, which excludes food and energy, rose 0.1%. Slow global market improvement limited demand.