January 15, 2013
What fiscal cliff? Shoppers push up retail sales, prices fall (Tiffany Hsu, January 15, 2013, LA Times)
Also on Tuesday, the Labor Department released data showing wholesale prices taking their third monthly dive in December. The so-called producer price index slipped 0.2% last month after a 0.8% slide in November.The slide was largely due to a 0.9% decline in prices for finished consumer foods - the first since May and driven heavily by a 4.8% drop in beef and veal prices. Lower prices for vegetables and cheese also contributed.
Posted by Orrin Judd at January 15, 2013 2:52 PM