Article updated: 11/14/2012 11:43 AM

U.S. wholesale prices fell 0.2 percent in October

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A woman shops for groceries by flashlight in the Tribeca neighborhood of New York, Tuesday, Oct. 30, 2012. Wholesale prices fell in October as a big drop in gasoline and other energy prices offset a rise in the cost of food. Wholesale prices dipped 0.2 percent last month, the Labor Department said Wednesday, Nov. 14. 2012. 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.

Associated Press

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Wholesale prices fell in October as a big drop in gasoline and other energy prices offset a rise in the cost of food. Wholesale prices dipped 0.2 percent last month, the Labor Department said Wednesday. 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.