Core Inflation Jumps 0.6%, Wholesale Prices Fall
The Producer Price Index for Finished Goods fell 1.3% in September, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This decline followed increases of 0.1% in both August and July. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved down 1.4% in September after increasing 0.4% in the preceding month, and the crude goods index dropped 3.4% following a 2.2-percent gain in August.
Among finished goods in September, prices for energy goods declined 8.4% compared with a 0.3-percent increase in August. The finished consumer foods index rose 0.7% after advancing 1.4% in the prior month. By contrast, prices for finished goods other than foods and energy climbed 0.6% in September following a ...