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December 14, 2012

Cheaper Gas Is Driving Down Inflation

Christopher Rugaber, Salon


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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.

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TAGGED: natural gas, wholesale price index, gas prices, inflation

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