Unadjusted Year Over Year: Producer Price Index Down 4.8%

Here's the summary for today's Labor Department's producer price report:

• Associated Press Headline And Lead: "Wholesale inflation dips unexpectedly in September... Wholesale prices dropped unexpectedly in September due to lower energy costs, as inflation remains in check amid signs of a broad economic recovery." 
• Labor Department News Release: click here. 
• Key Numbers: Monthly Change In Finished Good From 12 Months Ago (unadj.) = -4.8%, Unadjusted Index = 173.4.
• My Spreadsheet (click Download 20091019yoy)

Here's my uneducated interpretation - Still down hard year over year. Score one for the deflationistas.

MontyHigh, www.worldofwallstreet.us