October PPI -1.6%, Core (Excl food & energy) -0.5%
As expected, energy was the biggest loser last month (good!).
Dismal Scientist Inflation remains absent from the economy, as the Producer Price Index dropped by 1.6% in October compared to the previous month. Sharply lower energy prices contributed to the drop. The core index, excluding the more volatile items food and energy, decreased by 0.5%. The decline in both indices has exceeded expectations, which called for a more moderate drop. http://www.dismalscientist.com/dismal/dsp/release.asp?r=usa_ppi
WASHINGTON, Nov 9 (Reuters) - U.S. Labor Department monthly producer price index (1982 equals 100, except where noted):
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