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Wholesale Prices Plunge, But So Do Retail Sales

A steep drop in gasoline costs fueled a 0.6 percent decline in wholesale prices from February to March, the Bureau of Labor Statistics says.

Excluding the volatile food and energy sectors, the so-called core rate of inflation was also in check: those prices rose a modest 0.2 percent.

Friday morning's other economic indicator signals that consumers may have been more cautious about spending last month. The Census Bureau says retail sales fell 0.4 percent in March from February.

That's the sharpest decline in nine months. Bloomberg News says the data "may prompt economists, who are projecting consumer spending climbed in the first quarter at the fastest pace in two years, to reduce growth estimates." The drop did, though, follow a stronger month: Sales rose 1 percent in February.

Consumers and their spending habits are closely watched because they purchase about 70 percent of the goods and services that companies produce.

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NPR

'The Terror Years' Traces The Rise Of Al-Qaida And ISIS

Lawrence Wright's new book collects his essays for The New Yorker on the growth of terrorism in the Middle East, from the Sept. 11 attacks to the recent beheadings of journalists and aid workers.
NPR

Berkeley's Soda Tax Appears To Cut Consumption Of Sugary Drinks

According to a new study, the nation's first soda tax succeeded in cutting consumption of sugar-sweetened beverages. But there's uncertainty about whether the effect will be permanent.
WAMU 88.5

Questions About Hillary Clinton’s Newly Uncovered Emails

A federal judge orders a review of nearly fifteen thousand recently discovered Hillary Clinton emails from her time as Secretary of State. A new batch related to the Clinton Foundation was also released. Join us to discuss ongoing questions.

NPR

Instagramming In Black And White? Could Be You're Depressed

Researchers analyzed people's photo galleries on Instagram, then asked about their mental health. People who favored darker, grayer photos and filters were more likely to be depressed.

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