Wholesale Prices Still Dropping After 27-Year High

Wholesale prices dropped for the second month in a row after reaching the highest annual rate in 27 years, according to a U.S. Department of Labor report. Prices fell by 0.4 percent in September, following a 0.9 percent decrease the previous month. They are still 8.7 percent higher than they were in September 2007, as the Bureau of Labor Statistics reported last week. The two-month drop in wholesale prices – collectively referred to as the producer price index – follows a 1.2 percent... Read more »