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Producer Prices in U.S. Decrease for First Time in a Year

Bloomberg (10/15/14) Shobhana Chandra; Victoria Stilwell

Producer prices fell 0.1% in September, for the first time since August 2013, according to the U.S. Department of Labor. Seventy-one economists surveyed by Bloomberg had forecast an increase of 0.1%. According to DOL, the decline was propelled by lower fuel costs. The core measure, which does not include fuel and food costs, was unchanged.