WASHINGTON (AP) — The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild.
The producer price index, which measures the cost of goods and services before they reach the consumer, dropped 0.2 percent last month, the Labor Department said Friday. The decline was driven lower by cheaper food and gas, and
despite the big increases in the last few months,” Omair Sharif, an economist at RBS Securities, said in a research note. …..
Oh, yeh, prices fell. And, now, they’re pretending that they told us about the inflation all along. But, we know better. Further, we know just barely going over 2% is a lie. I remember right before the recession/depression they gave Bush much crap because gasoline prices went to $2.50/gallon. Thank goodness we don’t have inflation more than 2%, Things…
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