June 10, 1988 |
Wholesale prices, led by the steepest increase in food costs since January, rose a moderate 0.5% in May, the government said today. If the May increase held steady for 12 straight months, inflation at the wholesale level would be 5.8%, nearly triple the modest 2% increase of the last 12 months, the Labor Department said. The May increase differed little from the 0.4% rise in April and a 0.6% hike in March, except for the fact that food replaced energy as the main propellant of inflation.
October 10, 1986 |
The steepest gasoline price increases in 17 months helped push wholesale prices up a seasonally adjusted 0.4% in September, easily offsetting a dip in food prices, the government reported today. So far this year, wholesale prices have fallen 4%. The September rise followed a 0.3% hike in August and was the largest since May's 0.5% gain. Prices have fallen in five months this year. Gasoline costs were up 9.2%, following two months of declining prices, a 1.5% dip in August and a 19.
August 10, 1991 |
Wholesale prices declined 0.2% in July, the Labor Department said Friday, indicating to analysts that inflation remains under control and that the Federal Reserve has room to lower interest rates further to encourage economic recovery. The drop was welcomed by both the White House and private sector economists, who had predicted that producer prices would remain unchanged in July. The decline follows a 0.3% decrease in June and a 0.6% increase in May, the Labor Department said.
September 16, 1989 |
Wholesale prices fell for the third consecutive month in August, the government reported Friday, but economists noted that plummeting energy prices masked a continuation of moderate inflation for most wholesale goods. The Labor Department said its producer price index dipped 0.4% last month, following an identical drop in July and a 0.1% decline in June. The index of wholesale prices is considered a good indication of where consumer prices are headed.
September 13, 1991 |
Higher energy prices, offset partly by lower food costs, boosted wholesale prices by 0.2% in August, the Labor Department said Thursday. Although the figure was the first increase in three months, it was smaller than expected and modest enough to indicate that inflation remains in check. This year's wholesale price increases have been the lowest since 1986.
August 14, 1987 |
Wholesale prices rose a modest 0.2% last month as large jumps for gasoline and home heating oil were offset by slightly lower food prices, the government said today. The July increase followed an identical 0.2% jump in June and a 0.3% rise in May, bolstering Reagan Administration predictions that inflation will slow in the second half of 1987.
April 11, 1986 |
While the world is awash in crude oil, Californians are facing tight supplies of gasoline that have already sparked a sharp run-up in some wholesale prices and are likely to result in higher prices at the pump. The sudden reversal of a three-month decline in state gasoline prices is described by oil company officials as a temporary problem caused by shutdowns and malfunctions at several refineries in the Los Angeles area.
January 16, 2009 |
First-time claims for unemployment benefits rose more than expected and prices paid to U.S. producers tumbled, signaling no end to the job-market rout and collapse in raw-materials prices spurred by the deepening recession. Initial jobless claims increased to 524,000 in the week ended Jan. 10, the Labor Department said Thursday. That was up from 470,000 the previous week, which was revised from the 467,000 initially estimated.