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Wholesale Prices

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BUSINESS
October 12, 2012 | By Tiffany Hsu
Ballooning gasoline prices and high food costs propelled wholesale prices in September to their fourth straight increase, according to the Labor Department. The producer price index for finished goods was up a seasonally adjusted 1.1% last month after rising 1.7% in August. Analysts had expected a more subdued boost. Combined with August, the index made its largest two-month surge since the summer of 2008, when commodity prices went through the roof, according to Credit Suisse analysts.
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BUSINESS
December 13, 2013 | By Jim Puzzanghera
WASHINGTON -- Wholesale prices dropped in November for the third straight month, indicating that inflation remains in check as Federal Reserve officials consider reducing a key stimulus program. The Labor Department said Friday that its producer price index fell 0.1% from the previous month. The decline, which was in line with analyst expectations, was driven by a 0.4% drop in the price index for energy. November's drop in wholesale prices followed a 0.2% decline in October and 0.1% in September.
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BUSINESS
August 18, 2011 | By Steve Goldstein
WASHINGTON — Producer prices rose 0.2% in July as a decline in energy costs didn't immediately filter through the rest of the economy. The Labor Department said Wednesday that prices rose on a seasonally adjusted basis in July as a surge from tobacco offset a decline in energy costs. Gasoline prices fell 2.8% while tobacco shot up 2.8%, the biggest gain in more than two years. The cost of light trucks, pharmaceuticals and beef and veal also played a role in the advance. Excluding food and energy, core producer prices rose 0.4%, the largest monthly rise since January.
BUSINESS
June 14, 2013 | By Shan Li
Wholesale prices in the U.S. grew last month, pushed up slightly by rising food and gas costs. The producer price index - or changes in prices over time that U.S. producers can get for their goods --  climbed 0.5% in May compared to April, the Labor Department said Friday. That jump can be attributed to a 1.5% rise in gas costs and a 0.6% increase in food prices. Aside from volatile gas costs, inflation in wholesale and consumer goods has only slowly edged up over the last year.
BUSINESS
March 16, 2011
Higher energy costs and the steepest rise in food prices in nearly four decades drove wholesale prices up last month by the most in nearly two years. Excluding those categories, inflation was tame. The Producer Price Index rose a seasonally adjusted 1.6 percent in February, the Labor Department said Wednesday. That's double the 0.8 percent rise from the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January's 0.5 percent rise. Food prices soared 3.9 percent last month, the biggest gain since November 1974.
BUSINESS
September 13, 2012 | By Tiffany Hsu
Wholesale prices jumped 1.7% in August from July -- their largest gain since June 2009 -- as the cost of food and energy boomed. The seasonally adjusted increase in the producer price index was driven mostly by a 6.4% surge in energy prices, according to the Labor Department. That's the most substantial leap in three years. Gasoline prices swelled 13.6% in August, according to the measure. Another report earlier this week found gasoline prices ticking up nationwide and remaining above $4 a gallon in California . After a summer scorched by drought, food costs rose 0.9% in their third straight month of escalation, marking the largest increase in nine months, according to the government report.
BUSINESS
December 13, 2013 | By Jim Puzzanghera
WASHINGTON -- Wholesale prices dropped in November for the third straight month, indicating that inflation remains in check as Federal Reserve officials consider reducing a key stimulus program. The Labor Department said Friday that its producer price index fell 0.1% from the previous month. The decline, which was in line with analyst expectations, was driven by a 0.4% drop in the price index for energy. November's drop in wholesale prices followed a 0.2% decline in October and 0.1% in September.
BUSINESS
January 29, 2008 | From Times Wire Services
Hershey Co. said it increased wholesale prices of about a third of its U.S. candy production by 13% to offset rising costs. The increase, effective immediately, boosts wholesale prices on standard chocolate bars, king-size bars, six-packs and vending lines. In April, Hershey raised wholesale prices of the same items by 4% to 5%. Hershey said it was more exposed to the rising costs of milk and cocoa than its competitors, which include Mars and Nestle.
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
March 15, 2012 | By Tiffany Hsu
Jobless claims last week fell to their lowest point in four years, matching a level that was also reached a month ago and sparking more optimism that the employment market may be on the mend. Labor Department figures showed that applications for jobless insurance payments for the week that ended March 10 slipped by 14,000 to a seasonally adjusted 351,000. That's the fewest applications since March 2008 -- not counting the week in February that saw a similar slump in claims . New York and California saw the most significant bumps in initial claims, with 16,478 and 4,320 new applications, respectively.
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.
NEWS
March 27, 2013 | By Susan Denley
Garnier Olia plans to start a national tour to demonstrate its Olia home hair color in Los Angeles on April 3. The company's goal is to show consumers the product can deliver permanent color and improve smoothness and shine as well as salon products do, so they are sending a mobile salon on the road to stop at Walgreens locations and offer customers by-appointment consultations, shampoo and color. For appointments, click here . The salon is scheduled to set up in the following Walgreens' parking lots from 8:30 a.m. to 6 p.m. on these dates: April 3: 5467 Wilshire Blvd., Los Angeles April 5: 2321 Hawthorne Blvd., Redondo Beach April 6: 331 N. Sepulveda Blvd., El Segundo April 7: 2400 N. Sepulveda Blvd., Manhattan Beach   Later the tour plans stops in Phoenix; Tampa, Orlando and Miami, Fla.; Chesterfield, Va.; Frederick, Md., and Chicago, Ill. Events Designer Rebecca Minkoff is scheduled to make appearances at a couple of Southern California Nordstrom stores this week.
BUSINESS
February 20, 2013 | By Jim Puzzanghera
WASHINGTON -- A sharp jump in the cost of vegetables led wholesale prices to rise at a seasonally adjusted rate of 0.2% in January compared with the previous month, the biggest increase since the summer, the Labor Department said Wednesday. The Producer Price Index for finished goods. one of several gauges of inflation, had dropped for three straight months, including a 0.3% decline in December, before January's rise. The main driver of January's increase was a 0.7% jump in food prices.
BUSINESS
February 3, 2013 | By Ricardo Lopez, Los Angeles Times
American and Mexican tomato growers appear to have avoided a trade war - the U.S. Commerce Department has released a draft of an agreement governing the price of tomato imports from Mexico. U.S. growers in Florida had accused their Mexican counterparts of selling their tomatoes below fair market value, a practice known as dumping. The new agreement, which sets a minimum wholesale price for tomatoes, would replace a trade pact that went into effect 17 years ago. Francisco Sanchez, the undersecretary of commerce for international trade, said in a statement Saturday that the agreement puts in place "robust enforcement that will allow American workers and the U.S tomato industry to compete on a level playing field.
BUSINESS
December 13, 2012 | By Tiffany Hsu
Wholesale prices slipped 0.8% last month for the second straight month as gasoline prices plunged. In its deepest dip since May, the Labor Department's producer price index fell 0.8% in November after sliding 0.2% in October. The index rose 1.1% in September . A major factor? Plummeting gas prices, which sank 10.1% after spiking 9.8% just two months earlier. At the moment, a gallon of regular gas costs $3.30 on average nationwide, according to the AAA Fuel Gauge , down from $3.44 a month ago. The gasoline tumble made up more than 90% of the overall 4.6% drop in energy prices -- the most substantial fall since March 2009.  Quiz: The year in business Food costs, however, more than made up for the energy dip by rising for the sixth straight month in a row. The 1.3% increase is the largest in nearly two years.
BUSINESS
October 9, 2012 | By Ronald D. White
For the fourth straight day, California has a new record for gasoline prices, but the rise has apparently lost nearly all of its momentum. The average cost of a gallon of regular gasoline in California today is $4.671 a gallon, up just 0.3 cents overnight, according to the AAA Fuel Gauge Report, which tracks prices from 100,000 retail outlets across the U.S. That's still 48.9 cents a gallon higher than it was a week ago and 86.6 cents a...
BUSINESS
October 5, 2012 | By Ronald D. White and Dalina Castellanos, Los Angeles Times
Skyrocketing gasoline prices caused some local service stations to shut off their pumps Thursday while others shocked customers with overnight price increases of 30 cents or more. California's fuel industry isn't running out of gasoline - supplies are only 2.5% lower than this time last year - but recent refinery and pipeline mishaps sent wholesale prices to all-time highs this week. As a result, some station owners weren't buying fuel for fear they couldn't sell it. Those who did buy simply kicked prices higher and bet customers would understand.
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