Measure of wholesale prices off 1.6 percent, biggest drop in 54 years

verfasst von Sascha, 09.11.2001, 14:56

<font size=5> U.S. producer prices plunge </font>

November 9, 2001: 8:37 a.m. ET

Measure of wholesale prices off 1.6 percent, biggest drop in 54 years.

NEW YORK (CNNmoney) - <font color="#FF0000">Wholesale prices tumbled in the United States last month, the government said Friday, as the inflation risk in the world's largest economy continues to be low during an economic slowdown</font>.

The Labor Department reported the Producer Price Index (PPI) <font color="#FF0000">fell 1.6 percent last month - the biggest drop since the department started keeping records in 1947</font> - after September's 0.4 percent gain. Economists surveyed by Briefing.com expected PPI to fall only 0.3 percent.

Excluding volatile food and energy prices - gas prices fell by 21 percent - the <font color="#FF0000">"core" PPI fell 0.5 percent after rising 0.3 percent in September</font>. Economists surveyed by Briefing.com expected core PPI to fall 0.1 percent.

Treasury bond prices edged higher after the news.

Quelle: http://www.cnnfn.com[/b]

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