US wholesale costs fall for third month on cheap gas

By Josh Boak

Published December 13, 2013 5:00am ET

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US wholesale costs fall for third month on cheap gas — Sriracha chili sauce is produced at the Huy Fong Foods factory in Irwindale, Calif. The Commerce Department reports on wholesale prices for November on Friday, Dec. 13, 2013. (AP Poto/Nick Ut) | Nick Ut

U.S. wholesale prices dropped in November for the third consecutive month, pushed down again by cheaper gasoline and lower home heating oil costs. But excluding volatile energy costs, inflation was mostly stable.

The producer price index, which measures prices before they reach the consumer, declined 0.1 percent last month, the Labor Department said Friday. This comes after similar decreases in October and September.

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