Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:16 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Cheaper gas, food push down US producer prices Back to Topics
greshams

Champion Author
Cincinnati

Posts:4,645
Points:980,440
Joined:Nov 2011
Message Posted: Jun 15, 2014 6:04:07 AM

WASHINGTON (AP) — The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild.

The producer price index, which measures the cost of goods and services before they reach the consumer, dropped 0.2 percent last month, the Labor Department said Friday. The decline was driven lower by cheaper food and gas, and follows two months of strong gains that had suggested inflation might be perking up after being dormant for two years.

In the past 12 months, producer prices have risen 2 percent, matching the Federal Reserve's inflation target. That's down from an annual gain of 2.1 percent in April.

"The underlying details of the report suggest that producer price inflation is still fairly contained despite the big increases in the last few mon
Visit Yahoo Finance for full article
REPLIES (newest first) Post a Reply
Profile Pic
endymion
Champion Author New York

Posts:2,473
Points:506,295
Joined:Nov 2012
Message Posted: Jun 16, 2014 11:45:58 PM

Producer price changes of 0.2% will mean better margins instead of price declines for the consumer. Increases, however, will be passed on immediately.
Profile Pic
dbellie
All-Star Author Twin Cities

Posts:908
Points:94,890
Joined:Nov 2010
Message Posted: Jun 16, 2014 9:38:07 PM

REALLY
Profile Pic
bston
Champion Author Oklahoma City

Posts:4,371
Points:1,246,200
Joined:Mar 2011
Message Posted: Jun 16, 2014 2:03:02 PM

No cheaper gas here!
Profile Pic
ClarkSC
Champion Author South Carolina

Posts:5,578
Points:1,612,935
Joined:May 2010
Message Posted: Jun 16, 2014 8:21:46 AM

Where, not here?
Profile Pic
scu227
Champion Author New Haven

Posts:7,139
Points:1,376,780
Joined:Feb 2011
Message Posted: Jun 16, 2014 8:08:42 AM

I ave not seen any lower prices !!!!!!!!!!!!!
Profile Pic
Nancy&Len
Champion Author Cleveland

Posts:4,466
Points:2,513,025
Joined:Sep 2004
Message Posted: Jun 16, 2014 6:05:30 AM

What are they smoking.
Profile Pic
UncleRevs
Champion Author Philadelphia

Posts:1,464
Points:496,515
Joined:Aug 2013
Message Posted: Jun 16, 2014 2:42:17 AM

Cheaper food? Really? And we trust the government bean counters? I don't.
Profile Pic
mwg6275
Champion Author Miami

Posts:2,248
Points:1,065,080
Joined:Aug 2005
Message Posted: Jun 16, 2014 1:21:24 AM

Gas prices going up. Won't last long.
Profile Pic
Raider44
Champion Author Allentown

Posts:2,919
Points:2,168,395
Joined:Apr 2008
Message Posted: Jun 16, 2014 1:05:07 AM

complete B/S.
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,405
Points:3,062,760
Joined:May 2005
Message Posted: Jun 16, 2014 12:26:07 AM

where is it at ?
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,519
Points:2,737,115
Joined:Apr 2007
Message Posted: Jun 16, 2014 12:17:54 AM

Where is this cheaper food & gas? Prices here have gone up. Milk used to be $2.79/gal and is $3.39 now.
Profile Pic
Burger09
Champion Author Ontario

Posts:2,626
Points:728,065
Joined:Aug 2009
Message Posted: Jun 16, 2014 12:15:30 AM

Where do I find this "cheaper gas, food"???
Profile Pic
oldred11
Champion Author Indianapolis

Posts:4,098
Points:1,335,070
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:12:54 AM

I have seen NO evidence of cheaper gas and food in Central Indiana.
Profile Pic
Glock26
Champion Author Dayton

Posts:4,022
Points:1,213,900
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:12:27 AM

One hand doesn't know what the other hand is doing!
Profile Pic
molebaby96
Champion Author Tallahassee

Posts:3,450
Points:1,055,120
Joined:Nov 2011
Message Posted: Jun 15, 2014 10:18:24 PM

Not here.
Profile Pic
orphancarguyPE
Champion Author PEI

Posts:6,268
Points:1,311,185
Joined:Jan 2011
Message Posted: Jun 15, 2014 9:28:28 PM

...and a different story in each month after that.
Profile Pic
CheapDiesel
Champion Author Indianapolis

Posts:1,522
Points:255,680
Joined:Nov 2005
Message Posted: Jun 15, 2014 8:29:03 PM

Is this supposed to be a lame attempt at comedy?
Profile Pic
mattpolska
Veteran Author Winnipeg

Posts:341
Points:95,355
Joined:Nov 2010
Message Posted: Jun 15, 2014 7:16:10 PM

man you americans only know how to complain about gas prices but all drive your v8s you are a net importer of gasoline yet complain. Canadians are screwed every day by our price of gas and considering we produce 1million more barrels then we use. Our prices are high as hell but canadians dont by trucks and other v8s like they used its to expensive we look at the future unlike americans look just ahead
Profile Pic
mike56MI
Champion Author Michigan

Posts:3,792
Points:906,065
Joined:Aug 2011
Message Posted: Jun 15, 2014 6:54:09 PM

Where?
Profile Pic
montpelier28
Champion Author Vermont

Posts:3,129
Points:1,372,425
Joined:Apr 2010
Message Posted: Jun 15, 2014 6:31:42 PM

Not true.
Profile Pic
PathfinderSC
Champion Author South Carolina

Posts:12,177
Points:2,423,660
Joined:Mar 2008
Message Posted: Jun 15, 2014 6:31:38 PM

Oh you such a comedian, Tell me another one.
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:4,308
Points:1,206,575
Joined:Jan 2009
Message Posted: Jun 15, 2014 5:54:52 PM

WHERE? Up 7¢ mere last week.
Profile Pic
tnfran
Champion Author Arizona

Posts:6,937
Points:1,432,640
Joined:Dec 2010
Message Posted: Jun 15, 2014 3:45:45 PM

Where are these lower prices at?
Profile Pic
YumaFellow
Champion Author Arizona

Posts:3,831
Points:1,178,595
Joined:Jan 2011
Message Posted: Jun 15, 2014 3:16:34 PM

Gas has not dropped here for months.
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,963
Points:1,849,440
Joined:Oct 2009
Message Posted: Jun 15, 2014 2:09:52 PM

Enjoy it while it lasts.
Profile Pic
TucsonC
Champion Author Tucson

Posts:1,700
Points:442,805
Joined:Nov 2012
Message Posted: Jun 15, 2014 2:00:01 PM

Not for long.
Profile Pic
twinfanMN
Champion Author Minnesota

Posts:2,829
Points:781,765
Joined:Jun 2011
Message Posted: Jun 15, 2014 1:40:25 PM

Been to the grocery store lately? Food prices are definitely not down
Profile Pic
streetdesign
Champion Author Illinois

Posts:2,887
Points:1,167,225
Joined:May 2011
Message Posted: Jun 15, 2014 1:33:48 PM

Price for most things are up so I question the accuracy of the report.
Profile Pic
BuckyTJones
Champion Author Salt Lake City

Posts:5,428
Points:1,135,455
Joined:Mar 2010
Message Posted: Jun 15, 2014 12:37:15 PM


What planet is this ??

where ever this is happening I surely would like to know ?
Profile Pic
Raider44
Champion Author Allentown

Posts:2,919
Points:2,168,395
Joined:Apr 2008
Message Posted: Jun 15, 2014 12:13:47 PM

where in the hell is this data coming from?
Profile Pic
wd250
Champion Author Pennsylvania

Posts:1,214
Points:262,785
Joined:Mar 2014
Message Posted: Jun 15, 2014 12:04:45 PM

Gov.thinks we are all STUPID
Profile Pic
labbie
Champion Author Albuquerque

Posts:2,597
Points:961,765
Joined:Sep 2008
Message Posted: Jun 15, 2014 11:57:24 AM

The Dept. of Labor lies.
Profile Pic
BBopp
Champion Author Dayton

Posts:9,154
Points:2,470,180
Joined:Dec 2006
Message Posted: Jun 15, 2014 11:49:41 AM

I'm not seeing cheaper fuel or food prices.
Profile Pic
jrschl
Champion Author Louisville

Posts:5,579
Points:1,287,865
Joined:Jun 2011
Message Posted: Jun 15, 2014 11:49:04 AM

Where? Everytime I turn around gas prices are going up. Typically after they settle a little from their previous spike, they spike again. I find this story to be questionable.
Profile Pic
outdoortechie
All-Star Author Nashville

Posts:812
Points:308,660
Joined:Nov 2013
Message Posted: Jun 15, 2014 11:47:28 AM

Diesel taxes are higher than gas taxes, another invisible tax to consumers, as trucking pass their cost along and increase the prices.

In any case, gas prices have been creeping up here. I miss those days of $1.85/gal gas in January 2009, before Obummer seized control through deception.
Profile Pic
lin95688
Champion Author California

Posts:1,934
Points:749,570
Joined:Dec 2008
Message Posted: Jun 15, 2014 11:42:57 AM

Cash is king
Profile Pic
Night Owl
Champion Author Toronto

Posts:10,070
Points:2,388,050
Joined:Jul 2004
Message Posted: Jun 15, 2014 11:39:51 AM

Not in Canada. We've got record-high gas prices in Toronto yesterday and today.
Profile Pic
teenitup
Champion Author Houston

Posts:4,738
Points:826,010
Joined:Sep 2012
Message Posted: Jun 15, 2014 11:22:56 AM

Labor Department cooking the books.
Profile Pic
BeaconLite
Champion Author Ottawa

Posts:4,987
Points:925,325
Joined:Sep 2009
Message Posted: Jun 15, 2014 11:22:11 AM

Guess what!! it's going back up.
Profile Pic
Pozole
Champion Author Portland

Posts:16,491
Points:2,200,395
Joined:Mar 2005
Message Posted: Jun 15, 2014 11:11:39 AM

...WHAT ? ? ? ?...
Profile Pic
bills299
Champion Author Atlanta

Posts:5,906
Points:1,503,935
Joined:May 2005
Message Posted: Jun 15, 2014 11:01:49 AM

I don't know where they get their information!
Profile Pic
Discovery02
Champion Author Colorado Springs

Posts:7,470
Points:898,995
Joined:May 2012
Message Posted: Jun 15, 2014 10:46:59 AM

Cheaper gas did you say? Sorry, I missed that, I must've been blinking.
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,454
Points:2,456,180
Joined:Nov 2004
Message Posted: Jun 15, 2014 10:45:41 AM

Cheaper gas? Is this April Fool's Day?
Profile Pic
DLCarpernet
Champion Author Phoenix

Posts:1,873
Points:982,970
Joined:Nov 2011
Message Posted: Jun 15, 2014 10:42:56 AM

Cheaper gas . . . ? Where?
Profile Pic
dfd1983
Champion Author Florida

Posts:1,582
Points:667,775
Joined:Dec 2012
Message Posted: Jun 15, 2014 10:39:26 AM

hmm
Profile Pic
NotTom
Champion Author New Hampshire

Posts:7,439
Points:1,889,630
Joined:Aug 2005
Message Posted: Jun 15, 2014 10:32:34 AM

ok
Profile Pic
ep3guy
Champion Author Maryland

Posts:1,222
Points:736,325
Joined:Jun 2012
Message Posted: Jun 15, 2014 10:31:45 AM

Yeah they just keep getting higher and why?
Profile Pic
mamaontheroad
Veteran Author Columbus

Posts:457
Points:202,255
Joined:Jul 2011
Message Posted: Jun 15, 2014 10:26:54 AM

cheaper? not here ......
Profile Pic
naspa
Champion Author Cleveland

Posts:3,990
Points:958,800
Joined:Jan 2012
Message Posted: Jun 15, 2014 10:14:12 AM

The writer of this post might be smoking something. The cost of fuel is almost at the highest in 20 years.
Profile Pic
rjojo40AL
Champion Author Nevada

Posts:3,683
Points:660,140
Joined:Oct 2010
Message Posted: Jun 15, 2014 10:09:41 AM

I for one find this more of a lie and Very Tall Tale.
Post a reply Back to Topics