Advertisement
YOU ARE HERE: LAT HomeCollectionsEnergy And Food
IN THE NEWS

Energy And Food

FEATURED ARTICLES
BUSINESS
August 19, 2009 | Times Wire Reports
Wholesale prices dropped a sharp 0.9% in July, and over the last 12 months fell by the largest amount in more than six decades of record-keeping. The Labor Department said the decline was triple what analysts had expected and was driven by big decreases in both energy and food costs. Over the last 12 months, the prices of goods before they reach store shelves fell 6.8%. Core inflation, which excludes energy and food, fell 0.1% last month. Economists had expected a 0.1% gain.
ARTICLES BY DATE
BUSINESS
May 15, 2013 | By Jim Puzzanghera
WASHINGTON -- Big drops in the cost of food and energy pushed wholesale prices down 0.7% in April, the largest monthly decline in more than three years, the Labor Department said Wednesday. The slide in the producer price index, the largest since February 2010, followed a 0.6% drop in March. Gasoline prices, which have dropped significantly this year, sank 6% in April after tumbling 6.8% in March. Quiz: Test your knowledge about the debt limit Overall, wholesale energy prices dropped 2.5% in April after a 3.4% decline in March.
Advertisement
CALIFORNIA | LOCAL
January 24, 1997
Don't you just love reading those monthly inflation reports out of Washington. We are told that inflation in 1996 was the worst it has been in six years (Jan. 15) but not to worry. If you don't count the high cost of energy and food, it is the lowest in over 20 years. Now if you haven't realized this new low, all you need do is shut off your furnace, put your car in the garage and don't buy any groceries. HERBERT LEWIS Ventura
BUSINESS
August 19, 2009 | Times Wire Reports
Wholesale prices dropped a sharp 0.9% in July, and over the last 12 months fell by the largest amount in more than six decades of record-keeping. The Labor Department said the decline was triple what analysts had expected and was driven by big decreases in both energy and food costs. Over the last 12 months, the prices of goods before they reach store shelves fell 6.8%. Core inflation, which excludes energy and food, fell 0.1% last month. Economists had expected a 0.1% gain.
BUSINESS
June 18, 2008 | Jeannine Aversa, The Associated Press
Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher. The Labor Department reported Tuesday that its producer price index, which measures the costs of goods before they reach store shelves, shot up 1.4% in May. That was up from a modest 0.2% rise in April and marked the biggest increase since November. Stripping out energy and food prices, which can swing widely from month to month, the "core" rate of inflation rose 0.2% in May, an improvement from the prior month's 0.4% increase.
BUSINESS
April 26, 1989 | From the Baltimore Sun
Wages and salaries in the private sector, a closely watched barometer of inflation, rose a modest 4.2% in the latest 12 months, the Labor Department reported Tuesday. Among those with the heftiest increase were such service areas as health care, wholesale trade, finance, insurance and real estate. The increase for the 12 months that ended in March was the largest in 3 1/2 years, but went up only slightly from a gain of 4.1% in January-December, 1988, according to the employment cost index, which is issued quarterly.
BUSINESS
May 12, 2008 | From the Associated Press
With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent -- and this week's data could help investors gauge the mind-set of the average consumer. Tax rebates historically have been helpful in boosting the economy, but they really work only if they're used to buy goods and services. With many consumers weighed down by debt and saving up to keep up with the cost of basic necessities, some market experts are concerned that what's best for most individuals -- saving their rebates -- might not end up helping the broader economy.
BUSINESS
May 15, 2013 | By Jim Puzzanghera
WASHINGTON -- Big drops in the cost of food and energy pushed wholesale prices down 0.7% in April, the largest monthly decline in more than three years, the Labor Department said Wednesday. The slide in the producer price index, the largest since February 2010, followed a 0.6% drop in March. Gasoline prices, which have dropped significantly this year, sank 6% in April after tumbling 6.8% in March. Quiz: Test your knowledge about the debt limit Overall, wholesale energy prices dropped 2.5% in April after a 3.4% decline in March.
BUSINESS
June 14, 2008 | Maura Reynolds, Times Staff Writer
Energy prices are climbing at nearly twice last year's pace and food costs are also ratcheting higher, putting an ever-tighter squeeze on consumers, the government reported Friday. Most people would consider that bad news for the economy, not to mention average Americans. But Wall Street took solace in the fact that, aside from fuel and food, inflation hadn't spread throughout the broader economy. That helped trigger a rally in stocks, with the Dow Jones industrial average rising 165.77 points, to 12,307.
BUSINESS
February 2, 2008 | Don Lee, Times Staff Writer
The worst snowstorm in a half-century is wreaking havoc on China's economy, destroying crops and livestock, paralyzing transportation and disrupting operations at countless factories and companies. A senior Chinese official said Friday that the brutal weather conditions, which have claimed at least 60 lives, had caused economic losses of about $7.5 billion over the last three weeks. But analysts said the toll would be much higher.
BUSINESS
June 18, 2008 | Jeannine Aversa, The Associated Press
Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher. The Labor Department reported Tuesday that its producer price index, which measures the costs of goods before they reach store shelves, shot up 1.4% in May. That was up from a modest 0.2% rise in April and marked the biggest increase since November. Stripping out energy and food prices, which can swing widely from month to month, the "core" rate of inflation rose 0.2% in May, an improvement from the prior month's 0.4% increase.
BUSINESS
June 14, 2008 | Maura Reynolds, Times Staff Writer
Energy prices are climbing at nearly twice last year's pace and food costs are also ratcheting higher, putting an ever-tighter squeeze on consumers, the government reported Friday. Most people would consider that bad news for the economy, not to mention average Americans. But Wall Street took solace in the fact that, aside from fuel and food, inflation hadn't spread throughout the broader economy. That helped trigger a rally in stocks, with the Dow Jones industrial average rising 165.77 points, to 12,307.
BUSINESS
May 12, 2008 | From the Associated Press
With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent -- and this week's data could help investors gauge the mind-set of the average consumer. Tax rebates historically have been helpful in boosting the economy, but they really work only if they're used to buy goods and services. With many consumers weighed down by debt and saving up to keep up with the cost of basic necessities, some market experts are concerned that what's best for most individuals -- saving their rebates -- might not end up helping the broader economy.
BUSINESS
February 2, 2008 | Don Lee, Times Staff Writer
The worst snowstorm in a half-century is wreaking havoc on China's economy, destroying crops and livestock, paralyzing transportation and disrupting operations at countless factories and companies. A senior Chinese official said Friday that the brutal weather conditions, which have claimed at least 60 lives, had caused economic losses of about $7.5 billion over the last three weeks. But analysts said the toll would be much higher.
CALIFORNIA | LOCAL
January 24, 1997
Don't you just love reading those monthly inflation reports out of Washington. We are told that inflation in 1996 was the worst it has been in six years (Jan. 15) but not to worry. If you don't count the high cost of energy and food, it is the lowest in over 20 years. Now if you haven't realized this new low, all you need do is shut off your furnace, put your car in the garage and don't buy any groceries. HERBERT LEWIS Ventura
BUSINESS
July 19, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
Unexpected increases in food, gasoline and housing costs pushed consumer prices up 0.5% in June, nearly double consensus expectations and well above the moderate 0.2% monthly inflation of April and May, the Labor Department reported Wednesday. Despite the unforeseen surge in the consumer price index, which brought inflation to an annual rate of 5.9% for the first half of 1990 and 4.7% for the past 12 months, economists said that the big gains in energy and food should abate in coming months.
BUSINESS
July 19, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
Unexpected increases in food, gasoline and housing costs pushed consumer prices up 0.5% in June, nearly double consensus expectations and well above the moderate 0.2% monthly inflation of April and May, the Labor Department reported Wednesday. Despite the unforeseen surge in the consumer price index, which brought inflation to an annual rate of 5.9% for the first half of 1990 and 4.7% for the past 12 months, economists said that the big gains in energy and food should abate in coming months.
BUSINESS
February 11, 1995 | Times Staff and Wire Reports
Figures Signal Possible Inflation Turbulence, Government Says: While inflation at the wholesale level was moderate last month, the Labor Department reported that the Producer Price Index, measuring inflation pressures before they reach the consumer, rose 0.3% in January. The closely watched core PPI--which excludes volatile energy and food costs--was milder, rising 0.2%. Economists had expected both the overall index and the core rate to rise by 0.4%.
BUSINESS
April 26, 1989 | From the Baltimore Sun
Wages and salaries in the private sector, a closely watched barometer of inflation, rose a modest 4.2% in the latest 12 months, the Labor Department reported Tuesday. Among those with the heftiest increase were such service areas as health care, wholesale trade, finance, insurance and real estate. The increase for the 12 months that ended in March was the largest in 3 1/2 years, but went up only slightly from a gain of 4.1% in January-December, 1988, according to the employment cost index, which is issued quarterly.
Los Angeles Times Articles
|