U.S. Producer Price Index Grew 0.3% in October

U.S. seasonally adjusted producer prices―finished goods (PPI) increased 0.3% in October; the average of the PPI in October over the period 2002-2007 is 0.57%.  From October 2008 to October 2009, U.S. seasonally adjusted PPI dropped by 1.9%.  PPI reached a maximum at 183.4 in July 2008 and a minimum at 169.5 in March 2009; it has been growing since then. It reached 174.2 (preliminary figure) in October 2009.