Reply #11: U.S.Oct. PPI up 0.7%, core PPI falls 0.3%

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38671.3542224653-850583120&siteID=mktw&scid=0&doctype=806&

WASHINGTON (MarketWatch) - U.S. wholesale prices increased a greater-than-expected 0.7% in October as energy prices continued to rise, the Labor Department reported Tuesday. The core rate of the producer price index, meanwhile, fell 0.3% in October, due to falling prices for autos, trucks, clothing and food. It was the largest decline in core prices in 30 months. The 0.7% gain in the PPI was much greater than the flat reading expected by economists surveyed by MarketWatch. The 0.3% decline in the core rate was lower than the 0.1% gain expected.

See! There is no inflation - so stop saying that!