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Wholesale prices for gas, cars down in October

November 15, 2011 | 10:04 am

The producer price index was down 0.3% after rising 0.8% in September

Wholesale prices for pickup trucks and gas slipped for the first time since June, according to the Labor Department.

The producer price index was down 0.3% after rising 0.8% in September, the government agency said Tuesday.

Wholesale gas prices slid 2.4%, while the cost of cars dipped 0.8% and the price of pickup trucks dropped 1.6%.

Food prices were on the upswing for the fifth consecutive month, increasing 0.1%. The cost of chicken jumped 4.8%; eggs were also pricier.

Overall, however, inflationary pressures may be leveling off, giving consumers a bit more room to spend during the upcoming holiday season.

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Wholesale prices rise in September on sharp increases in gas, food

-- Tiffany Hsu

Photo credit: Justin Sullivan / Getty Images

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