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Gas price plunge keeps wholesale inflation tame

USA Today -- Cheaper gas drove down a measure of wholesale prices in November for the second straight month, a sign inflation remains in check.

The producer price index, a closely watched measure of wholesale price trends, fell 0.8% last month. It's the steepest drop since May, the Labor Department said Thursday. That follows a 0.2% decline in October. The index measures the cost of goods before they reach the consumer.

Gas prices fell last month by the most in more than three years. Food prices, however, rose by the most in nearly two years, pushed higher by costlier beef and vegetables.

And the price of gasoline for consumers is expected to keep falling through year-end. In the past year, wholesale prices have increased 1.5%. That's the lowest annual pace in four months.

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Submitted Dec 14, 2012 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,644 Points:1,612,315 Joined:Nov 2008	Message Posted: Dec 20, 2012 5:51:56 AM Ignore honda0105 Report Abuse prices need to drop more. Esp. diesel hasn't budged a bit, while gas dropped about 35 to 40 cents.
boldrph Champion Author Topeka Posts:18,387 Points:3,453,590 Joined:Oct 2002	Message Posted: Dec 15, 2012 2:15:13 PM Ignore boldrph Report Abuse topeka is at our lowest price since late december of 2011 Today 3.020 3.264 Yesterday 3.034 3.275 One Week Ago 3.102 3.355 One Month Ago 3.160 3.450 One Year Ago 3.121 3.263
SkooterG Champion Author Phoenix Posts:1,359 Points:329,335 Joined:May 2012	Message Posted: Dec 15, 2012 2:18:25 AM Ignore SkooterG Report Abuse More good news. Keep it coming.
mcmonsta Champion Author Honolulu Posts:3,237 Points:820,495 Joined:Sep 2009	Message Posted: Dec 15, 2012 12:16:28 AM Ignore mcmonsta Report Abuse if w could get 1% drop every other week, its 26 %.i'll take it
NorthglennBill Champion Author Denver Posts:7,437 Points:1,474,870 Joined:Oct 2008	Message Posted: Dec 15, 2012 12:10:10 AM Ignore NorthglennBill Report Abuse Gasoline price will always effect inflation - usually effects it more in a bad way than in a good way.
rahcat Champion Author Grand Rapids Posts:2,483 Points:665,125 Joined:Jan 2010	Message Posted: Dec 15, 2012 12:07:23 AM Ignore rahcat Report Abuse Enjoy it while you can.
UpSol7 Champion Author Augusta Posts:1,659 Points:761,600 Joined:Sep 2008	Message Posted: Dec 15, 2012 12:06:40 AM Ignore UpSol7 Report Abuse funny how corn factors ini both, because of feed grain based ethanol beef costs more
boatfloyd Champion Author Jacksonville Posts:1,733 Points:390,900 Joined:Mar 2012	Message Posted: Dec 15, 2012 12:05:05 AM Ignore boatfloyd Report Abuse What goes down will go up.
oas Champion Author Maryland Posts:4,240 Points:2,143,365 Joined:Feb 2005	Message Posted: Dec 15, 2012 12:04:52 AM Ignore oas Report Abuse I think plunge is too strong a word.
cheaper0ON All-Star Author Ontario Posts:993 Points:400,005 Joined:Jan 2012	Message Posted: Dec 15, 2012 12:02:17 AM Ignore cheaper0ON Report Abuse Ok.
bra0712 Champion Author Arizona Posts:3,675 Points:770,520 Joined:Nov 2008	Message Posted: Dec 14, 2012 11:55:57 PM Ignore bra0712 Report Abuse got to love this economy
darkknight1 Champion Author Winston-Salem Posts:4,350 Points:898,010 Joined:Nov 2010	Message Posted: Dec 14, 2012 11:55:33 PM Ignore darkknight1 Report Abuse Needs to drop more.
vibdata Champion Author Massachusetts Posts:4,090 Points:849,300 Joined:Nov 2005	Message Posted: Dec 14, 2012 11:55:07 PM Ignore vibdata Report Abuse Ludicrous article. Inflation is horrid.
jorod55 Champion Author California Posts:1,485 Points:433,675 Joined:Dec 2011	Message Posted: Dec 14, 2012 11:54:20 PM Ignore jorod55 Report Abuse I'm watchin daily. But I'm not holdin my breath.
Bus936 Champion Author Lexington Posts:16,459 Points:3,222,930 Joined:May 2004	Message Posted: Dec 14, 2012 11:54:12 PM Ignore Bus936 Report Abuse Pump prices need to come down and STABILIZE.
benjy Champion Author Chicago Posts:8,605 Points:1,791,255 Joined:Nov 2003	Message Posted: Dec 14, 2012 11:53:35 PM Ignore benjy Report Abuse no doubt...
nimpy Champion Author Indianapolis Posts:8,150 Points:1,704,030 Joined:Oct 2007	Message Posted: Dec 14, 2012 11:53:11 PM Ignore nimpy Report Abuse They will go back up
Marson Champion Author Scranton Posts:8,962 Points:2,081,085 Joined:Oct 2006	Message Posted: Dec 14, 2012 11:52:01 PM Ignore Marson Report Abuse Good news!
Doomsday64 All-Star Author Austin Posts:874 Points:338,955 Joined:Apr 2011	Message Posted: Dec 14, 2012 11:52:00 PM Ignore Doomsday64 Report Abuse Keep those prices falling.
mrbee Champion Author Little Rock Posts:3,769 Points:2,468,605 Joined:Oct 2005	Message Posted: Dec 14, 2012 11:51:43 PM Ignore mrbee Report Abuse It will go back up.
rick_evans Champion Author Boston Posts:3,734 Points:1,035,660 Joined:Aug 2005	Message Posted: Dec 14, 2012 11:51:26 PM Ignore rick_evans Report Abuse good start
kbierley Champion Author Dayton Posts:10,730 Points:1,415,690 Joined:Nov 2003	Message Posted: Dec 14, 2012 11:50:16 PM Ignore kbierley Report Abuse For Now.....
rodzilla123 Champion Author San Diego Posts:4,410 Points:1,036,315 Joined:Jul 2008	Message Posted: Dec 14, 2012 11:50:13 PM Ignore rodzilla123 Report Abuse Lets all just hope it keeps falling.
GigHarborHound Champion Author Tacoma Posts:2,547 Points:490,440 Joined:Sep 2011	Message Posted: Dec 14, 2012 11:47:39 PM Ignore GigHarborHound Report Abuse Just wait!!
gamalerin Champion Author Tampa Posts:4,762 Points:995,460 Joined:Jul 2010	Message Posted: Dec 14, 2012 11:46:21 PM Ignore gamalerin Report Abuse More bad news.
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Dec 14, 2012 11:46:01 PM Ignore mstearno Report Abuse we'll all get it soon Will Obama blame himself this term?
scubadaniel Champion Author Dayton Posts:1,435 Points:694,225 Joined:Jan 2011	Message Posted: Dec 14, 2012 11:43:50 PM Ignore scubadaniel Report Abuse The government still wants us to pay the same as Europe.
REKEY Champion Author South Carolina Posts:8,589 Points:1,701,365 Joined:May 2008	Message Posted: Dec 14, 2012 11:40:35 PM Ignore REKEY Report Abuse Define tame!
WeasleyOC Champion Author Orange County Posts:3,159 Points:804,300 Joined:Jul 2008	Message Posted: Dec 14, 2012 11:39:12 PM Ignore WeasleyOC Report Abuse Just wait, Obummer will find a way to screw it up.
camel1 Champion Author Minnesota Posts:8,280 Points:2,268,565 Joined:Jul 2006	Message Posted: Dec 14, 2012 11:37:17 PM Ignore camel1 Report Abuse ok
CCLighthouse Champion Author Hartford Posts:1,018 Points:215,955 Joined:Aug 2012	Message Posted: Dec 14, 2012 11:34:34 PM Ignore CCLighthouse Report Abuse Food prices here are still going up even though we have had some fuel price drop. : (
hank1326 Champion Author Los Angeles Posts:8,924 Points:1,735,760 Joined:Jun 2008	Message Posted: Dec 14, 2012 11:28:28 PM Ignore hank1326 Report Abuse Over $50 to fill up the tank is no bargain.
MRED3 Champion Author Jacksonville Posts:4,014 Points:932,855 Joined:May 2009	Message Posted: Dec 14, 2012 11:28:01 PM Ignore MRED3 Report Abuse Food Prices are still going up.
BREW9 All-Star Author Tampa Posts:896 Points:2,914,905 Joined:Jun 2004	Message Posted: Dec 14, 2012 11:26:14 PM Ignore BREW9 Report Abuse good
jackster111 Champion Author North Carolina Posts:3,343 Points:427,510 Joined:Feb 2012	Message Posted: Dec 14, 2012 11:24:28 PM Ignore jackster111 Report Abuse okay nice
KhelbenArunson Champion Author Michigan Posts:4,456 Points:719,815 Joined:Apr 2008	Message Posted: Dec 14, 2012 11:23:19 PM Ignore KhelbenArunson Report Abuse Good it should be in freefall.
bojiway1 Champion Author Minnesota Posts:2,059 Points:480,985 Joined:Dec 2011	Message Posted: Dec 14, 2012 11:23:04 PM Ignore bojiway1 Report Abuse Ok, I hope it keeps going down
bpj13 Champion Author North Carolina Posts:3,285 Points:876,400 Joined:Oct 2009	Message Posted: Dec 14, 2012 11:18:33 PM Ignore bpj13 Report Abuse It all evens out. When one price drop on something another goes up.
seahawks Champion Author Washington Posts:3,232 Points:1,964,720 Joined:Sep 2005	Message Posted: Dec 14, 2012 11:16:18 PM Ignore seahawks Report Abuse but wait until next summer driving season!!!
Spankster85 Champion Author Chicago Posts:1,739 Points:359,015 Joined:Nov 2011	Message Posted: Dec 14, 2012 11:16:09 PM Ignore Spankster85 Report Abuse Keep those prices falling.
JimVP All-Star Author Chicago Posts:632 Points:155,710 Joined:Sep 2011	Message Posted: Dec 14, 2012 11:13:06 PM Ignore JimVP Report Abuse Not too long ago these prices were considered expensive.
Dragnet Champion Author Arizona Posts:15,417 Points:2,910,710 Joined:Jul 2004	Message Posted: Dec 14, 2012 11:12:26 PM Ignore Dragnet Report Abuse Just another mind-bending story to buffalo the public. Price drop isn't happening nationwide.
barbs24 Champion Author Virginia Beach Posts:3,154 Points:2,042,745 Joined:Feb 2006	Message Posted: Dec 14, 2012 11:11:29 PM Ignore barbs24 Report Abuse It's time - and timely.
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 14, 2012 11:11:25 PM Ignore fuelsaverMN Report Abuse Let's pray that prices continue to go down on gas for our vehicles.But i wouldn't hold my breath after nobama is the next president.
wayoung56 Champion Author Alabama Posts:2,815 Points:821,260 Joined:Oct 2006	Message Posted: Dec 14, 2012 11:01:27 PM Ignore wayoung56 Report Abuse Hmmm...
wulf2000 Champion Author Miami Posts:3,037 Points:1,391,630 Joined:May 2005	Message Posted: Dec 14, 2012 10:57:54 PM Ignore wulf2000 Report Abuse The price of food is going up. The writer of this article is wrong.
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Dec 14, 2012 10:56:19 PM Ignore Blue48 Report Abuse KEEP DROPPING!
pgerassi Champion Author Milwaukee Posts:10,911 Points:2,134,530 Joined:Apr 2007	Message Posted: Dec 14, 2012 10:55:19 PM Ignore pgerassi Report Abuse People only think of what went up, not what stayed the same or dropped. Food is higher due to greed of the CIF issuers and their buddies.
suzmar Champion Author Texas Posts:2,213 Points:874,085 Joined:Jun 2006	Message Posted: Dec 14, 2012 10:50:21 PM Ignore suzmar Report Abuse How come big jumps in the price of gasoline does not translate to higher inflation. According the fed we don't have an inflation problem, even when gasoline was about $4.00 a gallon.
gwill76 Sophomore Author Orlando Posts:170 Points:1,358,135 Joined:May 2008	Message Posted: Dec 14, 2012 10:49:07 PM Ignore gwill76 Report Abuse Less than ONE percent is NOT a plunge....