Wholesale prices rise in March as food costs jump

[cory777]

Source: AP

WASHINGTON (AP) -- Wholesale prices rose more than expected last month as food prices surged by the most in 26 years. But excluding food and energy, prices were nearly flat.

The Labor Department said the Producer Price Index rose by 0.7 percent in March, compared to analysts' forecasts of a 0.4 percent rise. A rise in gas prices also helped push up the index.

Still, there was little sign of budding inflation in the report. Excluding volatile food and energy costs, wholesale prices rose by 0.1 percent, matching analysts' expectations.

Food prices jumped by 2.4 percent in March, the most since January 1984. Vegetable prices soared by more than 49 percent, the most in 15 years. A cold snap wiped out much of Florida's tomato and other vegetable crops at the beginning of this year.

Read more: http://finance.yahoo.com/news/Wholesale-prices-rise-in-apf-299827519.html?x=0&.v=4

[Newsjock]

1. Well, heck, I'll just skip food and energy this month

And I'll be able to balance my budget! I can feel the recovery! Look, ma, no veggies for me!

[cutlassmama]

2. this should help the obesity problem in America.

:sarcasm:

[SoapBox]

3. Duh! My prime example...eggs.

We've been watching the price of eggs in our area (Los Angeles area).

They've gone from $.99 per dozen to $1.79 per dozen over just the last few weeks.

Milk...went down...and then has not stopped rising over the last 4ish months.

Don't even go there on gas.