WASHINGTON Wholesale prices edged up a modest 0.2 percent lastmonth as a stagnant economy kept a lid on inflationary pressures, thegovernment said today.
The Labor Department said the small November rise in itsProducer Price Index, which measures inflationary pressures beforethey get to consumers, reflected falling food prices and the bestperformance for energy costs since July.
Retail sales, also announced today, inched up 0.3 percent inNovember.
The Commerce Department said sales totaled a seasonally adjusted$153.1 billion, up from $152.7 billion in October. Sales wererevised for October, making them unchanged from September rather thanfalling 0.1 …
No comments:
Post a Comment