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Gas Prices Boost Wholesale Inflation

NPR -- A second month of sharp gains in gasoline costs drove wholesale prices higher in September. But outside of the surge in energy, prices were well contained.

Wholesale prices rose 1.1 percent in September following a 1.7 percent gain in August which had been the largest one-month increase in more than three years, the Labor Department said Friday.

In both months, overall prices were pushed higher by gasoline, which rose 9.8 percent in September following an even larger 13.6 percent gain in August.

Core prices, which exclude food and energy, were unchanged in September, the best showing since they held steady in October 2011. In August, core prices rose 0.2 percent.

Food prices, which had jumped 0.9 percent in August, showed a smaller 0.2 percent rise in September.

Wholesale inflation ha


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Submitted Oct 13, 2012 By: skb69sa
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REPLIES (newest first) Post a Reply
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niceguytx
Champion Author Houston

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Message Posted: Oct 19, 2012 6:32:36 AM

I want gas process to fall more
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DanMtz
Champion Author Oakland

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Message Posted: Oct 15, 2012 9:35:48 AM

This is news?
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CVA19
Champion Author Salem

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Message Posted: Oct 15, 2012 9:05:47 AM

Duh!
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Bonanza
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Message Posted: Oct 15, 2012 3:22:29 AM

Gas prices affect the entire industry
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Amplion
Champion Author Oregon

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Message Posted: Oct 15, 2012 2:31:29 AM

SHUT DOWN NPR !!!
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bston
Champion Author Oklahoma City

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Message Posted: Oct 14, 2012 3:34:46 PM

It's all about evenly distributing the wealth world-wide & our country is becoming poorer while elevating the other countries to what our status used to be.
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tomok
Champion Author Portland

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Message Posted: Oct 14, 2012 2:49:29 AM

Gas Prices Boost Wholesale Inflation? Well of course it does, spend more on some things than on others! Almost everything has increased in price and the wages are the same or less.
Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what but it sure helps to have a job too!
What's a person to do?
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
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sljbc475
Champion Author Tucson

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Message Posted: Oct 13, 2012 10:16:50 PM

Inflation right before the fiscal cliff left by our government.
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farn1958
All-Star Author Twin Cities

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Message Posted: Oct 13, 2012 10:13:24 PM

do ya think?
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rahcat
Champion Author Grand Rapids

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Message Posted: Oct 13, 2012 10:09:27 PM

Thanks to the Socialist In Chief.
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goldrose1
Champion Author Cleveland

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Message Posted: Oct 13, 2012 10:02:38 PM

Yet Social security doesn't get a COLA. What's with that?
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ricoblanco
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Message Posted: Oct 13, 2012 10:02:24 PM

ok
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PrinceLH
Champion Author Ontario

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Message Posted: Oct 13, 2012 10:01:31 PM

And no politicians will touch them!
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CdnLynx
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Message Posted: Oct 13, 2012 10:00:01 PM

Crippling western economies!
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LCSTEELERBOB
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Message Posted: Oct 13, 2012 9:56:38 PM

i have to say it this way daa
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Shakleelady31
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Message Posted: Oct 13, 2012 9:55:16 PM

Okay.
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VetteFan
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Message Posted: Oct 13, 2012 9:55:05 PM

No surprise.
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Mustache_33
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Message Posted: Oct 13, 2012 9:55:03 PM

hm
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seahawks
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Message Posted: Oct 13, 2012 9:53:45 PM

it hurts!!!
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vibdata
Champion Author Massachusetts

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Message Posted: Oct 13, 2012 9:52:39 PM

"core prices" don't include food and fuel. Then what ARE the core values?????
No prices were unchanged in September. Everyone knows that.
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bonzoonfmb
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Message Posted: Oct 13, 2012 9:51:52 PM

Gas prices are too high.
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gd83goldwinger
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Message Posted: Oct 13, 2012 9:51:45 PM

About sums it up, and up.
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30mpg80
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Message Posted: Oct 13, 2012 9:49:38 PM

Right Defiancegasman, guess all cores will starve and freeze.
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NorthglennBill
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Message Posted: Oct 13, 2012 9:48:38 PM

Everything is expensive and prices will continue to go up.
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mrbee
Champion Author Little Rock

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Message Posted: Oct 13, 2012 9:48:09 PM

Why are food and energy excluded?
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defiancegasman
Champion Author Ohio

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Message Posted: Oct 13, 2012 9:46:39 PM

"Core prices, which exclude food and energy, were unchanged " The CPI NO LONGER INCLUDES PRICE INCREASES FOR FOOD AND ENERGY!! God knows that the average person does NOT use either, RIGHT!!!
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pgerassi
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Message Posted: Oct 13, 2012 9:46:30 PM

OK
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5Golfer8
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Message Posted: Oct 13, 2012 9:45:53 PM

Democrats in action.
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NemoIL
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Message Posted: Oct 13, 2012 9:45:45 PM

Obama promised us $5 a gallon gas by the end of his first term and he is keeping the promise.
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mitchells
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Message Posted: Oct 13, 2012 9:44:58 PM

blah blah blah...
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GLCSHADOW
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Message Posted: Oct 13, 2012 9:43:43 PM

Ouch!
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sprocketsplines
Champion Author Washington

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Message Posted: Oct 13, 2012 9:40:59 PM

Higher prices for diesel fuel which most trucks use and not gasoline is likely the reason for the increase in wholesale prices (of goods transported by trucks).
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HoosierDaddyKY
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Message Posted: Oct 13, 2012 9:38:23 PM

okay...
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southrob
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Message Posted: Oct 13, 2012 9:34:54 PM

food or gas???? what to buy for my family
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AKmailman
Champion Author Alaska

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Message Posted: Oct 13, 2012 9:34:50 PM

it's all a shell game so that the govt doesn't have to
pay a "reality" COLA
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mobil1MN
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Message Posted: Oct 13, 2012 9:29:31 PM

ok
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raj_fl
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Message Posted: Oct 13, 2012 9:27:07 PM

well
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raj_fl
Champion Author Trenton

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Message Posted: Oct 13, 2012 9:26:50 PM

well
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TFowler513
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Message Posted: Oct 13, 2012 9:25:00 PM

Well duh. It's a chain reaction!!!
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us4usa
Champion Author Missouri

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Message Posted: Oct 13, 2012 9:21:33 PM

"Core prices, which exclude food and energy" One would think the core prices would be the things we must have food and energy???
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billy44bo
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Message Posted: Oct 13, 2012 9:21:20 PM

Barry says we are doing great thing he is wrong on this like everything else
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abcdMA
Champion Author Worcester

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Message Posted: Oct 13, 2012 9:17:07 PM

and oil prices were affected by the downgraded dollar
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mstearno
Champion Author Dayton

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Message Posted: Oct 13, 2012 9:15:47 PM

they know but it's like Lybia
they stick their head in the sand and say it's u tube
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ron98146
Champion Author Seattle

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Message Posted: Oct 13, 2012 9:14:15 PM

do the folks in DC know this?
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clermont40miles
Champion Author Cincinnati

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Message Posted: Oct 13, 2012 9:12:34 PM

Now that is a novel thought. Higher prices and inflation go hand in hand.

Problem is wages go nowhere. Stagnant. The crunch continues.

Had enough?
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splitrman
Champion Author Victoria

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Message Posted: Oct 13, 2012 9:05:08 PM

big oil does not care about the average consumer
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darkknight1
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Message Posted: Oct 13, 2012 8:58:30 PM

not good
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giraffefan
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Message Posted: Oct 13, 2012 8:57:15 PM

Need to get the republicans to crater the economy again, worked the last time.
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Cableman66
Champion Author North Carolina

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Message Posted: Oct 13, 2012 8:55:20 PM

Gosh just think that gas prices boost wholesale inflation. Tell that to the powers that be in DC. Get with the program or get out.
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esquared
Champion Author Oklahoma City

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Message Posted: Oct 13, 2012 8:54:56 PM

The weather played more than a small role in all of these price increases.
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