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U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly

With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September.

The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in August. Economists had expected producer prices to inch up by 0.1 percent.

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by RTTNews Staff Writer

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