Gan
11-14-2006, 09:47 AM
Inflation (http://search.breitbart.com/q?s=inflation&sid=breitbart.com) at the wholesale level plunged at a record pace in October, led by big declines in the price of gasoline and new cars (http://search.infocious.com/q?s=%22new+cars%22&ssrc=rss:greencoast&ssrc=vid:greencoast&xsl=greencoast).
Wholesale prices fell 1.6 percent last month, tying the record decline set in October 2001, the Labor Department (http://search.breitbart.com/q?s=%22Labor+Department%22&sid=breitbart.com) reported Tuesday. It was the second consecutive big decrease, following a 1.3 percent fall in September.
Both months were heavily influenced by falling energy prices. But underlying inflation pressures were held at bay last month as well. Core inflation (http://search.breitbart.com/q?s=%22Core+inflation%22&sid=breitbart.com), which excludes energy and food, dropped by 0.9 percent, the biggest one-month fall in 13 years. That reflected big declines in prices (http://search.breitbart.com/q?s=%22declines+in+prices%22&sid=breitbart.com) for new cars and sport utility vehicles as dealers brought back sales incentives.
http://www.breitbart.com/news/2006/11/14/D8LCSCI02.html
Wholesale prices fell 1.6 percent last month, tying the record decline set in October 2001, the Labor Department (http://search.breitbart.com/q?s=%22Labor+Department%22&sid=breitbart.com) reported Tuesday. It was the second consecutive big decrease, following a 1.3 percent fall in September.
Both months were heavily influenced by falling energy prices. But underlying inflation pressures were held at bay last month as well. Core inflation (http://search.breitbart.com/q?s=%22Core+inflation%22&sid=breitbart.com), which excludes energy and food, dropped by 0.9 percent, the biggest one-month fall in 13 years. That reflected big declines in prices (http://search.breitbart.com/q?s=%22declines+in+prices%22&sid=breitbart.com) for new cars and sport utility vehicles as dealers brought back sales incentives.
http://www.breitbart.com/news/2006/11/14/D8LCSCI02.html