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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:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Dec 20, 2012 4:51:56 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:18,359 Points:3,448,715 Joined:Oct 2002	Message Posted: Dec 15, 2012 1:15:13 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:327,835 Joined:May 2012	Message Posted: Dec 15, 2012 1:18:25 AM Ignore SkooterG Report Abuse More good news. Keep it coming.
mcmonsta Champion Author Honolulu Posts:3,212 Points:815,520 Joined:Sep 2009	Message Posted: Dec 14, 2012 11:16:28 PM Ignore mcmonsta Report Abuse if w could get 1% drop every other week, its 26 %.i'll take it
NorthglennBill Champion Author Denver Posts:7,417 Points:1,469,370 Joined:Oct 2008	Message Posted: Dec 14, 2012 11:10:10 PM 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:2,453 Points:660,025 Joined:Jan 2010	Message Posted: Dec 14, 2012 11:07:23 PM Ignore rahcat Report Abuse Enjoy it while you can.
UpSol7 Champion Author Augusta Posts:1,638 Points:755,950 Joined:Sep 2008	Message Posted: Dec 14, 2012 11:06:40 PM Ignore UpSol7 Report Abuse funny how corn factors ini both, because of feed grain based ethanol beef costs more
boatfloyd Champion Author Jacksonville Posts:1,703 Points:385,050 Joined:Mar 2012	Message Posted: Dec 14, 2012 11:05:05 PM Ignore boatfloyd Report Abuse What goes down will go up.
oas Champion Author Maryland Posts:4,215 Points:2,138,390 Joined:Feb 2005	Message Posted: Dec 14, 2012 11:04:52 PM Ignore oas Report Abuse I think plunge is too strong a word.
cheaper0ON All-Star Author Ontario Posts:968 Points:395,130 Joined:Jan 2012	Message Posted: Dec 14, 2012 11:02:17 PM Ignore cheaper0ON Report Abuse Ok.
bra0712 Champion Author Arizona Posts:3,655 Points:765,870 Joined:Nov 2008	Message Posted: Dec 14, 2012 10:55:57 PM Ignore bra0712 Report Abuse got to love this economy
darkknight1 Champion Author Winston-Salem Posts:4,320 Points:892,810 Joined:Nov 2010	Message Posted: Dec 14, 2012 10:55:33 PM Ignore darkknight1 Report Abuse Needs to drop more.
vibdata Champion Author Massachusetts Posts:4,079 Points:847,350 Joined:Nov 2005	Message Posted: Dec 14, 2012 10:55:07 PM Ignore vibdata Report Abuse Ludicrous article. Inflation is horrid.
jorod55 Champion Author California Posts:1,460 Points:428,700 Joined:Dec 2011	Message Posted: Dec 14, 2012 10:54:20 PM Ignore jorod55 Report Abuse I'm watchin daily. But I'm not holdin my breath.
Bus936 Champion Author Lexington Posts:16,429 Points:3,217,080 Joined:May 2004	Message Posted: Dec 14, 2012 10:54:12 PM Ignore Bus936 Report Abuse Pump prices need to come down and STABILIZE.
benjy Champion Author Chicago Posts:8,586 Points:1,785,845 Joined:Nov 2003	Message Posted: Dec 14, 2012 10:53:35 PM Ignore benjy Report Abuse no doubt...
nimpy Champion Author Indianapolis Posts:8,120 Points:1,698,080 Joined:Oct 2007	Message Posted: Dec 14, 2012 10:53:11 PM Ignore nimpy Report Abuse They will go back up
Marson Champion Author Scranton Posts:8,932 Points:2,075,235 Joined:Oct 2006	Message Posted: Dec 14, 2012 10:52:01 PM Ignore Marson Report Abuse Good news!
Doomsday64 All-Star Author Austin Posts:844 Points:333,755 Joined:Apr 2011	Message Posted: Dec 14, 2012 10:52:00 PM Ignore Doomsday64 Report Abuse Keep those prices falling.
mrbee Champion Author Little Rock Posts:3,738 Points:2,462,685 Joined:Oct 2005	Message Posted: Dec 14, 2012 10:51:43 PM Ignore mrbee Report Abuse It will go back up.
rick_evans Champion Author Boston Posts:3,709 Points:1,030,805 Joined:Aug 2005	Message Posted: Dec 14, 2012 10:51:26 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 10:50:16 PM Ignore kbierley Report Abuse For Now.....
rodzilla123 Champion Author San Diego Posts:4,380 Points:1,031,115 Joined:Jul 2008	Message Posted: Dec 14, 2012 10:50:13 PM Ignore rodzilla123 Report Abuse Lets all just hope it keeps falling.
GigHarborHound Champion Author Tacoma Posts:2,522 Points:485,565 Joined:Sep 2011	Message Posted: Dec 14, 2012 10:47:39 PM Ignore GigHarborHound Report Abuse Just wait!!
gamalerin Champion Author Tampa Posts:4,737 Points:990,585 Joined:Jul 2010	Message Posted: Dec 14, 2012 10:46:21 PM Ignore gamalerin Report Abuse More bad news.
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Dec 14, 2012 10:46:01 PM Ignore mstearno Report Abuse we'll all get it soon Will Obama blame himself this term?
scubadaniel Champion Author Dayton Posts:1,406 Points:689,145 Joined:Jan 2011	Message Posted: Dec 14, 2012 10:43:50 PM Ignore scubadaniel Report Abuse The government still wants us to pay the same as Europe.
REKEY Champion Author South Carolina Posts:8,559 Points:1,695,415 Joined:May 2008	Message Posted: Dec 14, 2012 10:40:35 PM Ignore REKEY Report Abuse Define tame!
WeasleyOC Champion Author Orange County Posts:3,134 Points:799,400 Joined:Jul 2008	Message Posted: Dec 14, 2012 10:39:12 PM Ignore WeasleyOC Report Abuse Just wait, Obummer will find a way to screw it up.
camel1 Champion Author Minnesota Posts:8,255 Points:2,263,590 Joined:Jul 2006	Message Posted: Dec 14, 2012 10:37:17 PM Ignore camel1 Report Abuse ok
CCLighthouse All-Star Author Hartford Posts:988 Points:210,005 Joined:Aug 2012	Message Posted: Dec 14, 2012 10:34:34 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:8,904 Points:1,731,110 Joined:Jun 2008	Message Posted: Dec 14, 2012 10:28:28 PM Ignore hank1326 Report Abuse Over $50 to fill up the tank is no bargain.
MRED3 Champion Author Jacksonville Posts:4,002 Points:929,115 Joined:May 2009	Message Posted: Dec 14, 2012 10:28:01 PM Ignore MRED3 Report Abuse Food Prices are still going up.
BREW9 All-Star Author Tampa Posts:866 Points:2,908,955 Joined:Jun 2004	Message Posted: Dec 14, 2012 10:26:14 PM Ignore BREW9 Report Abuse good
jackster111 Champion Author North Carolina Posts:3,300 Points:422,410 Joined:Feb 2012	Message Posted: Dec 14, 2012 10:24:28 PM Ignore jackster111 Report Abuse okay nice
KhelbenArunson Champion Author Michigan Posts:4,430 Points:714,940 Joined:Apr 2008	Message Posted: Dec 14, 2012 10:23:19 PM Ignore KhelbenArunson Report Abuse Good it should be in freefall.
bojiway1 Champion Author Minnesota Posts:2,034 Points:475,260 Joined:Dec 2011	Message Posted: Dec 14, 2012 10:23:04 PM Ignore bojiway1 Report Abuse Ok, I hope it keeps going down
bpj13 Champion Author North Carolina Posts:3,260 Points:871,525 Joined:Oct 2009	Message Posted: Dec 14, 2012 10:18:33 PM Ignore bpj13 Report Abuse It all evens out. When one price drop on something another goes up.
seahawks Champion Author Washington Posts:3,212 Points:1,960,720 Joined:Sep 2005	Message Posted: Dec 14, 2012 10:16:18 PM Ignore seahawks Report Abuse but wait until next summer driving season!!!
Spankster85 Champion Author Chicago Posts:1,709 Points:353,815 Joined:Nov 2011	Message Posted: Dec 14, 2012 10:16:09 PM Ignore Spankster85 Report Abuse Keep those prices falling.
JimVP All-Star Author Chicago Posts:627 Points:152,385 Joined:Sep 2011	Message Posted: Dec 14, 2012 10:13:06 PM Ignore JimVP Report Abuse Not too long ago these prices were considered expensive.
Dragnet Champion Author Arizona Posts:15,390 Points:2,905,735 Joined:Jul 2004	Message Posted: Dec 14, 2012 10:12:26 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:3,124 Points:2,037,545 Joined:Feb 2006	Message Posted: Dec 14, 2012 10:11:29 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 10:11:25 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:2,785 Points:815,310 Joined:Oct 2006	Message Posted: Dec 14, 2012 10:01:27 PM Ignore wayoung56 Report Abuse Hmmm...
wulf2000 Champion Author Miami Posts:3,017 Points:1,386,430 Joined:May 2005	Message Posted: Dec 14, 2012 9:57:54 PM Ignore wulf2000 Report Abuse The price of food is going up. The writer of this article is wrong.
Blue48 Champion Author Illinois Posts:7,290 Points:1,634,920 Joined:Feb 2007	Message Posted: Dec 14, 2012 9:56:19 PM Ignore Blue48 Report Abuse KEEP DROPPING!
pgerassi Champion Author Milwaukee Posts:10,882 Points:2,129,500 Joined:Apr 2007	Message Posted: Dec 14, 2012 9:55:19 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:2,210 Points:869,225 Joined:Jun 2006	Message Posted: Dec 14, 2012 9:50:21 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:168 Points:1,354,195 Joined:May 2008	Message Posted: Dec 14, 2012 9:49:07 PM Ignore gwill76 Report Abuse Less than ONE percent is NOT a plunge....