Definition: In this task, a passage will be given and the goal is to identify an event from the passage. An event is defined as a single word representing something that happened, is happening, or may happen. An event can be factual or hypothetical, positive or negative, certain or uncertain. While most events are based on verbs, an event can also be based on a noun (ex. storm, snow, rainfall) or a copula verb (is, was, been, etc.). The event must not be a pronoun or an adjective. For noun events with multiple words, use the last word in the phrase as event.
Input: Passage: Wholesale prices in the United States fell by 1.6 percent in October, tying with the record decline set in the same month of 2001, the Labor Department reported on Tuesday. The big drop in wholesale prices, a gauge of inflation at the factory gate, followed a 1.3 percent fall in September and was sharper than the 0.5 percent decline expected by analysts.

set