Producer Price Index Falls

The U.S. Producer Price Index fell a seasonally adjusted 0.1% in September to mark the first decline in more than a year.

The increase in producer prices over the past 12 months fell to an unadjusted 1.6% September from 1.8% in the prior month to reflect the smallest gain since March.

The decline in prices, as expected at EPJ, was led by the index for gasoline, which dropped 2.6 percent.

The index for final demand foods also decreased 0.7%, during the month. In
contrast, prices for final demand goods less foods and energy advanced 0.2%.