Dec 12, 2014

Cheaper gas, food lower US producer prices

WASHINGTON (AP) — Falling gas and food costs pushed down overall U.S. wholesale prices last month, evidence that cheaper oil worldwide is limiting inflation. The Labor Department said Friday that the producer price index fell 0.2 percent in November, after rising by the same amount in October. In the past 12 months, producer prices have risen just 1.4 percent, the smallest yearly increase since...

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