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Tuesday, September 16, 2014

U.S. producer prices, flat in August, are up 1.8% in past year

http://www.marketwatch.com/story/falling-gasoline-and-food-costs-keeps-producer-prices-flat-in-august-2014-09-16?link=MW_home_latest_news

Falling gasoline and food costs kept prices at the wholesale level flat in August, another sign of receding inflationary pressure. It was the lowest reading in the producer price index since December, the Labor Department reported. Core wholesale prices excluding volatile categories including food, energy and trade rose 0.2%. Over 12 months, producer prices rose 1.8%, down from a recent peak of 2% in May. The news was released early by Reuters after a technical issue.

Falling prices? huh last I checked the $100 is the new $20.

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