US producer prices fall in April; food, energy costs drop

[Omaha Steve]

Source: AP-Excite

By PAUL WISEMAN

WASHINGTON (AP) — A sharp drop in the cost of gasoline and food pushed down overall U.S. producer prices in April.

The Labor Department said Thursday that its producer price index fell 0.4 percent last month after rising 0.2 percent in March. But even excluding volatile food and energy categories, the core index slipped 0.2 percent last month, brought down in part by lower shipping costs.

The index measures prices of goods and services before they reach consumers.

Over the past year, wholesale prices have dropped 1.3 percent, the most since Labor revamped the index in late 2010.

FULL story at link.



In this March 31, 2015 photo, Chuck Barrett helps a customer load 2x4's at the Allegheny Millwork and Lumberyard in Pittsburgh. The Labor Department releases the Producer Price Index for April on Thursday, May 14, 2015. (AP Photo/Gene J. Puskar)

Read more: http://apnews.excite.com/article/20150514/us-producer-prices-5596b40d93.html

[Spitfire of ATJ]

1. Like I've said, it's only on Wall Street that low prices at the pump is considered to be "bad" news.

[Dont call me Shirley]

2. And consumer prices will reflect that drop in 3-2-1....

No?