Wholesale prices fell 2.8% in October, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported . This decrease followed a 0.4-percent decline in September and a 0.9-percent fall in August. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved down 3.9% in October after declining 1.2% in September, and the crude goods index dropped 18.6% subsequent to a 7.9-percent decrease in the previous month.
 
Among finished goods in October, prices for energy goods fell 12.8% compared with a 2.9-percent decline a month earlier. The index for consumer foods edged down 0.2% following a 0.2-percent increase in the prior month. Prices for goods other than foods and energy rose 0.4% for the second consecutive month. 
 
Before seasonal adjustment, the Producer Price Index for Finished Goods declined 2.6% in October to 177.3 (1982 = 100). For the 12 months ended in October, finished goods prices advanced 5.2%. Over the same period, prices for finished consumer foods climbed 6.5%, the index for finished energy goods increased 5.5%, and the index for finished goods other than foods and energy rose 4.4%. From October 2007 to October 2008, prices received by intermediate goods producers advanced 10.2%, while the crude goods index decreased 1.4%.