Share “News Summary: Food, gas costs drop in...”

News Summary: Food, gas costs drop in December

Published on NewsOK Modified: January 15, 2013 at 11:27 am •  Published: January 15, 2013

NO PRESSURE: Wholesale prices fell 0.2 percent in December, the third consecutive monthly decline. Falling food and gas costs helped. Without food and energy, core wholesale prices ticked up only 0.1 percent.

MORE RELIEF: For the year, the Labor Department index that measures price changes before they reach the consumer rose 1.3 percent in 2012. It rose 4.7 percent in 2011.

WHO CARES?: Low inflation means consumers have more money to spend, which helps the economy. It also gives the Federal Reserve more room to keep interest rates low.


  1. 1
    Man arrested for threatening to 'kill all white people' in La Plata, Md.
  2. 2
    11-year-old shoots, kills suspected home invader
  3. 3
    Pentagon Now Says Army Mistakenly Sent Live Anthrax to All 50 States
  4. 4
    The FBI Now Needs a Warrant To Use Its Phone-Sniffing Stingray Boxes
  5. 5
    Baylor DE Shawn Oakman suspended for opener against SMU
+ show more


× Trending business Article