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WASHINGTON (AP) - Wholesale prices dropped unexpectedly in September due to lower energy costs, as inflation remains in check amid signs of a broad economic recovery.
The Labor Department said Tuesday that the Producer Price index fell 0.6 percent last month. Wall Street economists expected a flat reading. The drop comes after a steep rise in August.
In the 12 months ending in September, the index dropped 4.8 percent, more than analysts expected and the 10th straight month of annual declines.
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