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Sharp Drop In Gas Prices Puts Brakes On Inflation

Wholesale prices fell 1 percent in May from April thanks to an 8.9 percent plunge in the price of gasoline, the Bureau of Labor Statistics reports. The overall decrease is the largest in one month since July 2009.

Excluding the energy and sectors, prices at the wholesale level ticked up 0.2 percent.

Also this morning, the Census Bureau says that retail sales edged down 0.2 percent in May from April. There's a link between that figure and the drop in gasoline prices: The value of sales at gas stations dropped 2.2 percent in May, largely because of the steep drop in gas prices.

As Bloomberg News notes, "spending increased 0.9 percent at clothing stores and 0.8 percent at electronics chains."

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Mislabeled As A Memoirist, Author Asks: Whose Work Gets To Be Journalism?

Suki Kim wrote Without You, There Is No Us after working undercover as a teacher in North Korea. She says the response to her book is also a response to her identity as Korean and a woman.
NPR

In Prison, The Passion That Drove A Yogurt-Maker To Arson Still Burns

The yogurt entrepreneur who set fire to his factory remains in prison, but he's in better spirits now. "He's dreaming again," says his wife.
WAMU 88.5

The Politics Hour - July 1, 2016

Kojo and Tom Sherwood chat with D.C. Transportation Director Leif Dormsjo and Virginia Del. Marcus Simon (D-Fairfax).

NPR

After Deadly Crash, Safety Officials Will Examine Tesla's Autopilot Mode

The fatal crash of a Model S that was in autopilot when it collided with a truck in Florida is prompting a preliminary evaluation of the feature by the National Highway Transportation Safety Board.

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