Entries in Goods (2)


Wholesale Prices Up in April on Increased Fuel Costs

Medioimages/Photodisc(WASHINGTON) -- Companies paid more for raw materials and factory goods in April. The Labor Department says the wholesale price index rose .8 percent. The rate has gone up nearly seven percent over the past year, much larger than the rise in consumer prices. The major cause has been more expensive fuel. Since April, oil and gasoline futures have fallen and if that trend holds it would reduce the pressure on inflation.

Copyright 2011 ABC News Radio


Consumers to Pay More with Rising Cost of Commodities

Photo Courtesy - Getty Images(NEW YORK) -- A trip to McDonald's, a late-night cable movie and latte will cost you a little more money this year. The price of commodities is going up, and the prices of some of your favorite things are rising to the top along with them.

"Companies are already anticipating raising prices in spring and fall because there is a lag time," said Al Ferrara, partner at professional services firm BDO USA, LLP. "It takes three to nine months for those cost increases to be felt in the marketplace."

"You will see increases but they don't happen overnight because of the lag time it takes to get products into the hands of consumers," Ferrara said.

Cell phone plans, cable prices, XBox Live Gold, coffee, McDonald's, gas prices and Netflix are among the companies and items that have already been affected by price hikes.

Copyright 2011 ABC News Radio

ABC News Radio