partlycloudy
Tuesday July 28th, 2015 5:54PM

Wholesale prices up

By The Associated Press
WASHINGTON (AP) -- U.S. wholesale prices increased in December, pushed up by rising gasoline prices and energy costs. But overall inflation remained mild.

The Labor Department says the producer price index, which measures costs before they reach the consumer, rose 0.4 percent last month. That ends three straight months of falling wholesale prices.

Gas prices reversed recent declines and increased 2.2 percent last month. Home heating oil costs grew at the fastest pace in 10 months, while diesel fuel prices increased at the biggest clip in almost four years.

Over the past 12 months, relatively low energy costs have kept inflation tame. Prices have risen a modest 1.2 percent in that period.

Excluding volatile energy and food prices, wholesale costs increased 0.3 percent in December and 1.4 percent year over year.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 6 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 6 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 6 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 6 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 6 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 6 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 6 months ago )
Local/State News
Short-term highway deal punts another fight until fall
WASHINGTON (AP) — House and Senate Republicans acknowledged Tuesday a long-term highway deal is out of reach for now, and embraced a three-month extension that will punt yet another messy fight into t...
4:30PM ( 1 hour ago )
Court orders EPA to redo air-pollution limits in 13 states
WASHINGTON (AP) — A federal appeals court on Tuesday ordered the Environmental Protection Agency to relax some limits it set on smokestack emissions that cross state lines and taint downwind areas wit...
2:17PM ( 3 hours ago )
Kerry implores Congress to back Iran nuclear deal
WASHINGTON (AP) — Secretary of State John Kerry warned skeptical lawmakers not to nix the contentious nuclear deal with Iran, insisting that it includes strict inspections and other safeguards to dete...
2:09PM ( 3 hours ago )
Strong home sales, limited supply lift US home prices in May
WASHINGTON (AP) — U.S. home prices rose steadily in May, pushed higher by a healthy increase in sales this year.The Standard & Poor's/Case-Shiller 20-city home price index climbed 4.9 percent in May f...
12:05PM ( 5 hours ago )
Correction: San Francisco-Soda Warning story
SAN FRANCISCO (AP) — In a story July 26 about a lawsuit against San Francisco by the American Beverage Association, The Associated Press reported erroneously where the city's health warning labels wou...
10:30AM ( 7 hours ago )