Most Shared

Weather Alert

Lake Effect Snow Advisories

Lake effect snow Advisory in Wyoming County starting at 4 PM today lasting through 5 AM Friday. For Wayne County the advisory begin at 7 PM tonight lasting through 1 PM tomorrow. Expect 2-4" in the most persistant bands.

WHAM13 - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Wholesale costs rose on gas, but inflation mild

Washington (AP) U.S. wholesale prices increased in December, pushed up by rising gasoline prices and energy costs. But overall inflation remained mild.

The Labor Department says the producer price index, which measures costs before products reach the consumer, rose 0.4 percent last month.

That ends three straight months of falling wholesale prices.

Gas prices reversed recent declines and increased 2.2 percent last month. Home heating oil costs grew at the fastest pace in 10 months, while diesel fuel prices increased at the biggest clip in almost four years.

Over the past 12 months, relatively low energy costs have kept inflation tame. Prices have risen a modest 1.2 percent in that period.

Excluding volatile energy and food prices, wholesale costs increased 0.3 percent in December and 1.4 percent year over year.

Copyright 2014 The Associated Press. All rights reserved.

 
Advertise with us!

Contests

Washington Times