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WholesalePrices
Price Drop in February Steeper Than Expected
By Tom Diemer - Politics DailyWholesale prices took their biggest slide in seven months in February, largely due to a drop in energy costs, the Department of Labor said Wednesday. Even a jump in the cost of food could not stem the 0.6 percent reduction in wholesale inflation, which was much steeper than economists expected. The AP said the deep recession and weak recovery have kept inflation in check and prompted the Federal Reserve to hold interest rates low with the aim of fostering economic growth. Overall, wholesale prices have risen 4.4 percent during the last 12 months, but core inflation -- which does not take ...
Price Jump in January Unlikely to Spur Inflation Concerns
By Tom Diemer - Politics DailyWholesale prices climbed at twice the anticipated rate last month, but most economists think the rise was caused by higher energy costs and did not signal the start of inflation problems, the AP reported Thursday. The 1.4 percent price increase reported by the Department of Labor is a reflection of higher costs at the gas pump and of other energy products, which grew by 5.1. percent last month. Inflation at the retail level rose 0.3 percent in January, just above the 0.1 that some experts predicted. Over the last 12 months, core wholesale prices crept up a moderate 1 percent -- not a cause ...
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