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Omaha Steve

(99,813 posts) Wed Jan 15, 2020, 10:58 AM Jan 2020

US wholesale prices up slight 0.1% in December

Source: AP

By MARTIN CRUTSINGER

WASHINGTON (AP) — U.S. wholesale prices rose a slight 0.1% in December as a jump in the cost of energy was offset by falling food prices.

The Labor Department said Wednesday the December increase in its producer price index, which measures inflation pressures before they reach the consumer, followed no change in November.

Energy prices were up 1.5%, more than double the 0.6% November gain, with gasoline costs up 3.7% and heating oil up 7.7%, the biggest monthly gain in two years.

Food costs were down 0.2%, the first drop since August, with the biggest drop in beef prices in more than two years offsetting a jump in the price of chicken.

FILE - In this Oct. 13, 2019, file photo a farmer harvests soybeans in a field near Concordia, Mo. On Wednesday, Jan. 15, 2020, the Labor Department releases the Producer Price Index for December. (AP Photo/Charlie Riedel, File)

Read more: https://apnews.com/8d9459ade012474aa45e52fb1f5089c1

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US wholesale prices up slight 0.1% in December (Original Post) Omaha Steve Jan 2020 OP

Groceries in stores near me were lower in Dec, but jumped up a lot this month January wishstar Jan 2020 #1

My experience is a steady increase in prices EndlessWire Jan 2020 #2

wishstar

(5,272 posts)

1. Groceries in stores near me were lower in Dec, but jumped up a lot this month January

Reply to Omaha Steve (Original post)

Wed Jan 15, 2020, 11:07 AM

Jan 2020

Stores had very competitive food prices trying to get the holiday sales but I noticed a huge price jump right after New Years at several stores

EndlessWire

(6,573 posts)

2. My experience is a steady increase in prices

Reply to Omaha Steve (Original post)

Wed Jan 15, 2020, 04:47 PM

Jan 2020

coupled with smaller proportions in packaging.

I went to a fast food restaurant yesterday and ordered a large multi person bit of food, and discovered that the cost had doubled. I paid, but that will be the last time I visit them. I only did it because I was tired, anyway.

My cooking skills are rather challenged, but this will be the year I transition to healthier foods. Smaller, healthier meals, and I'm going to feed myself four times a day. Trying to think of a name for my fourth meal.

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