WASHINGTON — October PPI was reported down 0.2%, and core rose 0.2% (0.1616% unrounded). These represent a minuscule 0.3% gain overall and a 1.4% increase in core over the year.

Not only are the PPI data further down the supply chain than the CPI, but they also follow a pattern similar to that in CPI. That is, falling gasoline prices (a 3.8% drop, or 5.6% before adjustment) depressed energy (down 1.5% as diesel fuel and natural gas prices also dipped) and cut the overall pace of prices.

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