Wholesale prices for gas, cars down in October
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.
-- Tiffany Hsu
Photo credit: Justin Sullivan / Getty Images