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U.S. Producer Prices Drop
Wholesale prices in the U.S. slid 0.8% last month from October to November, mainly because of a 4.6% decline in energy costs, the Dept. of Labor reports.
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Wholesale prices in the U.S. slid 0.8% last month from October to November, mainly because of a 4.6% decline in energy costs, the Dept. of Labor reports.
Producer prices reflect the prices companies receive when they sell finished goods. Economists say the latest data show that inflation remains tame.
The core producer price index, which ignores volatile food and energy, inched up 0.1% in November from a month earlier. Prices rose 0.5% for cars and 0.2% for light trucks.
Year over year, the price and core indices have advanced 1.5% and 2.2%, respectively.
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