May 15, 2013 |
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.
March 27, 2013 |
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.
February 20, 2013 |
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.
February 3, 2013 |
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.
December 13, 2012 |
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.
October 9, 2012 |
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...