America

Wholesale Prices Rose 4.8 Percent Last Year

Prices of wholesale goods rose 4.8 percent in 2011, an acceleration from 2010's 3.8 percent increase, the Bureau of Labor Statistics just reported.

Not surprisingly, food and energy products were a major reason for the faster pace. Excluding those groups, wholesale prices of finished goods rose 3 percent last year.

Last month, BLS adds, prices dipped 0.1 percent from the month before. So, despite the faster pace for the year, the December decrease may help temper inflation fears. Bloomberg News says it's "consistent with the Federal Reserve's assessment that inflation remains tame."

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