December 14, 2012
Cheaper Gas Is Driving Down Inflation
Christopher Rugaber, Salon
WASHINGTON (AP) — 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.
TAGGED: natural gas, wholesale price index, gas prices, inflation