US producer prices rise just 0.1 percent in July
Source: AP-EXCITE
By CHRISTOPHER S. RUGABER
WASHINGTON (AP) Falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check.
The producer price index rose 0.1 percent in July, following a 0.4 percent gain in June, the Labor Department said Friday. The index measures the cost of goods and services before they reach the consumer.
Wholesale gas prices fell 2.1 percent, after jumping 6.4 percent in June. The cost of pharmaceuticals, pickup trucks and rail and truck shipping services rose, while the cost of vegetables, jewelry and natural gas fell.
Excluding the volatile categories of food, energy and retailer and wholesaler profit margins, prices moved up 0.2 percent.
FULL story at link.
In this photo taken July 18, 2014, Elaine Talicska and Tom VanOchten sort potatoes as they roll down to fill 10-pound bags for small markets at the VanOchten farm, in Hampton Township, Mich. The Labor Department reports on U.S. producer prices -- the prices that companies receive for their goods and services -- in July on Friday, Aug. 15, 2014. (AP Photo/The Bay City Times, Yfat Yossifor)
Read more: http://apnews.excite.com/article/20140815/us--producer_prices-dbc334803b.html
hobbit709
(41,694 posts)hatrack
(59,584 posts)CountAllVotes
(20,868 posts)They were "organic" however. They were spent in three days which means they had been lying around for a long time.
Spuds normally keep up to three weeks, not three days!