Buying that new pickup truck and then filling it with gas cost less in October as wholesale prices slipped for the first time since June.
The producer price index was down 0.3% after rising 0.8% in September, according to the Labor Department.
Wholesale gas prices slid 2.4%, while the cost of cars dipped 0.8% and the price of pickup trucks dropped 1.6%.
Food prices were on the upswing for the fifth consecutive month, increasing 0.1%. The cost of chicken jumped 4.8%; eggs were also pricier.
Overall, however, inflationary pressures may be leveling off, giving consumers a bit more room to spend during the upcoming holiday season.
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-- Tiffany Hsu
Photo credit: Justin Sullivan / Getty Images
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