Deflation Watch: October PPI Fell By Record Amount
(In at least 61 years, when this series began)
Times Online
November 18, 2008 US producer prices fall by record 2.8%
The collapse of commodity values caused by the global recession has triggered a record fall in US producer prices in October.
New figures show that as the world's biggest economies stagnated, consumption of oil and other commodities sank, with the price of gasoline in the US falling by 30 per cent in October alone.
The fall in energy costs is feeding through into manufacturing costs, according to new data published today by Washington's Labour Department, and producer prices fell by a record 2.8 per cent last month...
October's Consumer Price Index will be released Wednesday morning.
Times Online
November 18, 2008 US producer prices fall by record 2.8%
The collapse of commodity values caused by the global recession has triggered a record fall in US producer prices in October.
New figures show that as the world's biggest economies stagnated, consumption of oil and other commodities sank, with the price of gasoline in the US falling by 30 per cent in October alone.
The fall in energy costs is feeding through into manufacturing costs, according to new data published today by Washington's Labour Department, and producer prices fell by a record 2.8 per cent last month...
October's Consumer Price Index will be released Wednesday morning.