Wholesale prices rise during the fourth month
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WASHINGTON - Wholesale prices increased in October for the fourth month as the cost of increased gas right most since January.
The Ministry of labour said Tuesday that the producer price index rose by 0.4% last month, the increase in September and in August.Wall Street analysts had expected a larger increase .the ' index increased by 4.3% in the last 12 months.
Digging a hole of career career: experts offer tips to make the new control of your job search.Life Inc.: you are my fire! I left! Life Inc.: Americans would rather not know finance Life.: College Presidents paid moreHowever, there is little sign of inflation in the report. Food prices fell slightly, expectations of economists that they would increase due to more expensive for cereals and other products of confusion.
Excluding categories volatile food and energy, the so-called index fell by 0.6%, most in more than four years.
The decline was led by lower prices for cars and camionnettes.Le Department integrates the impact of the price new model cars that motor vehicle manufacturers introduce each year in October index.New car prices rose last month, but by less than in the years précédentes.Dans framework of seasonal variations in the Department, which translates into a lower price correction process.
Price of the car fell seasonally 3 per cent, the Department said, and the truck prices fell by 4.3 %.Tous two were the biggest drops in about four years.
Consumers responded by buying cars at a healthy rate since the cash for Clunkers program August 2009.Concessionnaires motor sales increased 5% in October, the commerce Department said Monday.
Grain prices rose last month, the Department said, but food companies do are step by passing on increases in prices for consommateurs.Ma?s prices rose 22.7% and soybeans rose 10.9 %.Mais beef and veal, costs can rise when feed grains are more expensive, is fell 5.8%, the Ministry of labour said.
High unemployment and the weakness of the economy, retailers may hunt away frugal shoppers by raising prices.
Gasoline increased 9.8%, the most since janvier.Le cost of diesel and home heating oil has increased.
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