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Record wholesale price drop and slower retail sales in October
Inflation at the wholesale level fell 1.6 percent in October, tied to the October 2001 decline, led by gasoline and new cars. Core inflation excluding energy and food dropped 0.9 percent. Retail sales slipped 0.2 percent, with energy prices driving much of the weakness, though excluding gas stations sales rose 0.4 percent as auto sales strengthened. Analysts expect holiday spending to be supported by income growth.
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Washington, D.C
Labor Department