Wholesale Prices Rise On Higher Food Costs - Spokane, North Idaho News & Weather KHQ.com

Wholesale Prices Rise On Higher Food Costs

WASHINGTON (AP) - Wholesale prices rose last month for the first time since March on higher costs for food and passenger cars and trucks.

Still, the increases were modest and show that the weak economy isn't spurring widespread price rises. The Labor Department says the Producer Price Index, which measures price changes before they reach the consumer, rose by 0.2 percent in July, after three months of declines. The rise matched

Wall Street economists' forecasts, according to a survey by Thomson Reuters. Excluding volatile food and energy costs, so-called "core" producer prices rose by 0.3 percent in July, the ninth straight increase. Core prices have risen by 1.5 percent in the past year.

 

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

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