By  on November 19, 2008

WASHINGTON — The sagging U.S. economy got some deflating news on Tuesday.

Prices for all U.S.-produced goods fell a seasonally adjusted 2.8 percent in October, the largest monthly decline since records started being kept in 1947, driven mostly by precipitous drops in energy costs, according to the Labor Department Producer Price Index. Prices dropped 0.4 percent in September and slid 0.9 percent in August. Prices in the core index, which excludes the more volatile food and energy sectors, rose 0.4 percent in October.

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