News Artcle

Cheaper gas drives down U.S. wholesale price index

Published December 13, 2012

Cheaper gas drives down U.S. wholesale price index by Christopher S. Rugaber The Associated Press Published Dec 13, 2012 10:48AM MDT Washington • Cheaper gas drove down a measure of wholesale prices in November for the second straight month, a sign inflation remains mild. The producer price index fell 0.8 percent last month, the steepest drop since May, the Labor Department said Thursday. That follows a 0.2 percent decline in October. The index measures the cost of goods before they reach the consumer. Gas prices fell last month by the most in more than three years. Food prices, however, rose by the most in nearly two years, ... Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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