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Wholesale prices fell 0.2% in October

November 14, 2012

WASHINGTON -- Wholesale inflation fell in October as a big drop in gasoline and other energy prices offset a rise in the cost of food. The Labor Department says wholesale prices dipped 0.2 percent in October. It was the first decline since May and followed big gains of 1.1 percent in September and 1.7 percent in August, increases that had been driven by spikes in energy.

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