US producer prices post biggest decline in 8 months: "U.S. producer prices in September posted their biggest decline in eight months as the cost of energy products fell for a third straight month, pointing to tame inflation that could argue against an interest rate increase this year.
The Labor Department said on Wednesday its producer price index fell 0.5 percent, the largest drop since January, after being unchanged in August. In the 12 months through September, the PPI fell 1.1 percent after declining 0.8 percent in August.
It was the eighth straight 12-month decrease in the index. Economists polled by Reuters had forecast the PPI slipping 0.2 percent last month and dropping 0.7 percent from a year ago."
'via Blog this'
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