Producer Prices See Steepest Monthly Drop Since Early Pandemic
- Producer price index fell 0.5% in October, largest decline since April 2020
- Core PPI rose 0.1% in October, down from 0.3% gain in prior month
- PPI up 1.3% over past year in October, down from 2.2% in prior month
- Cost of goods fell 1.4% in October after 0.8% gain in prior month
- Energy prices fell 6.5% in October, down from 3.1% gain in prior month