Wholesale Prices in U.S. Unexpectedly Fall as Food Costs Ebb

Wholesale prices in the U.S. unexpectedly dropped in September as food costs retreated, an indication inflation remains tame.

The 0.1 percent decrease in the producer price index followed a 0.3 percent gain the prior month, a Labor Department report showed today. The median estimate in a Bloomberg survey of 80 economists called for a 0.2 percent advance. The so-called core measure, which strips out volatile food and fuel, increased 0.1 percent after being unchanged in August.