Bloomberg
Published Oct 08, 2019 08:42
Updated Oct 08, 2019 09:01
Core U.S. Producer Prices Fall Most in More Than Four Years
(Bloomberg) -- A measure of underlying U.S. producer prices posted the biggest monthly drop in more than four years, adding to signs of tame inflation pressures that potentially offer Federal Reserve policy makers more leeway to lower interest rates. The dollar fell.
Excluding food and energy, producer prices decreased 0.3% in September from the prior month, compared with forecasts for a 0.2% increase, a Labor Department report showed Tuesday. The gauge was up 2% from a year earlier, the smallest gain in two years. The overall producer-price index also dropped 0.3% from August and was up 1.4% from a year earlier, the least since November 2016.
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Written By: Bloomberg
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