|
WASHINGTON (AP) - A huge drop in energy costs helped push prices at the wholesale level down last month by the largest amount in nearly three years. But with the cost of gasoline rising again, the reprieve could be short-lived.
The Labor Department reported Tuesday that wholesale prices fell by 1.4 percent in February as food and energy both recorded big declines.
But analysts cautioned against reading too much into the February decrease, saying it was heavily influenced by a warmer-than-normal winter, which cut demand for home heating fuel and helped energy producers rebuild inventories that had been depleted after last fall's hurricanes.
|