January 15, 2013
What fiscal cliff? Shoppers push up retail sales, prices fall (Tiffany Hsu, January 15, 2013, LA Times)
Posted by Orrin Judd at January 15, 2013 2:52 PMAlso 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.