A measure of wholesale prices showed no change in September, pointing to a continued easing in inflation, the Labor Department reported Friday.
The producer price index, which measures what producers get for their goods and services, was flat for the month and up 1.8% from a year ago.
Within the PPI, a 0.2% decline in final demand goods prices offset a 0.2% increase in services.
A 3% jump in deposit services costs pushed the services index higher, while professional and commercial equipment wholesaling prices tumbled 6.3%.
Similarly, the index for gasoline fell 5.6%, holding back gains on the goods index.
Persons:
Dow Jones
Organizations:
Labor Department, PPI, Fed