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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

To Play Sports Under Taliban Rule, 'Different Kind Of Daughter' Dressed As A Boy

Growing up in the tribal region of Pakistan, Maria Toorpakai pretended she was a boy in order to compete as a weightlifter. Later she became an internationally known squash player.
WAMU 88.5

Should Local Restaurants Retire The Phrase, "Farm To Table?"

Where does Washington restaurant food really come from? Kojo explores how the phrase "farm to table" is used and discusses whether it should be retired altogether.

NPR

Kasich Dropping Out Of Presidential Race; Donald Trump Assured GOP Nomination

The Ohio governor is suspending his presidential campaign, leaving Donald Trump assured of the GOP nomination. Kasich only won one state, his home of Ohio,and was far behind in the delegate count.
NPR

Not Just Bitcoin: Why The Blockchain Is A Seductive Technology To Many Industries

From bank regulation to military messaging, the blockchain is offering a wide potential to change the way online transactions and communications are carried out.

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