Core Inflation for Producers Up while PPI Drops

by Mike Bevel, CollectionIndustry.com

September was an exciting month for dropping things, like wholesale prices as well as gas prices and energy costs. Prices for producers plunged 1.3% in September.

According to MarketWatch.com, it was the biggest decline in the seasonally adjusted producer price index in three years.

Meanwhile, the core producer price index, which excludes food and energy costs, rose a surprising 0.6%, the most since January 2005, as the price of motor vehicles jumped at the fastest rate in more than 15 years.

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