CONSUMER - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/CONSUMER News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) U.S. economy grew at strong 4 percent rate in spring http://www.sltrib.com/sltrib/money/58241181-79/percent-quarter-economy-rate.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58241181-79/percent-quarter-economy-rate.html.csp">U.S. economy grew at strong 4 percent rate in spring</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-30T16:22:28.623-06:00">Updated Jul 30, 2014 04:22PM MDT</span></h5> <div class ="entry-content">Washington • After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending. The rebound reported Wednesday by the Commerce Department followed a sharp 2.1 percent annualized drop in economic activity in the January-March quarter. That figure was revised up from a previous estimate of a 2.9 percent drop. But it was still the biggest contraction since early 2009 in the depths o...</div> <h5><a rel="item-license" href="#license-582411812014-07-30T16:22:28.623-06:00" id="#license-2014-07-30T16:22:28.623-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58241181@www.sltrib.com Wed, 30 Jul 2014 16:22:28 MDT Consumer confidence picking up steam in Utah http://www.sltrib.com/sltrib/money/58237367-79/percent-utah-confidence-index.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58237367-79/percent-utah-confidence-index.html.csp">Consumer confidence picking up steam in Utah</a></h4> <span class="author vcard"><span class="fn">By Mike Gorrell</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-29T16:32:16.206-06:00">Updated Jul 29, 2014 04:32PM MDT</span></h5> <div class ="entry-content">Consumer confidence in Utah is as high as it’s been in the three years Zions Bank has been keeping track. The bank’s Utah Consumer Attitude Index went up 6.6 points between June and July, reaching an all-time high of 104.9. The national confidence level also jumped this month, by 4.5 points, but remained far behind Utah at 90.9. “Improvements in the labor market have had a significant positive impact on the health of Utah’s economy,” said Zions Bank President and CEO Scott Anderson. “Businesses ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58237367@www.sltrib.com Tue, 29 Jul 2014 16:32:16 MDT Appeals court upholds labels on meat packages http://www.sltrib.com/sltrib/money/58237949-79/meat-industry-rules-court.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58237949-79/meat-industry-rules-court.html.csp">Appeals court upholds labels on meat packages</a></h4> <span class="author vcard"><span class="fn">By MARY CLARE JALONICK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T14:36:02.317-06:00">Updated Jul 29, 2014 02:36PM MDT</span></h5> <div class ="entry-content">Washington • A federal appeals court on Tuesday upheld new government rules requiring labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry has attempted to block the rules, which went into effect last year, saying they are costly and provide no health benefits to the consumer. The industry said in court that the rules go beyond what Congress intended and violate First Amendment rights to freedom of speech by forcing ...</div> <h5><a rel="item-license" href="#license-582379492014-07-29T14:36:02.317-06:00" id="#license-2014-07-29T14:36:02.317-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58237949@www.sltrib.com Tue, 29 Jul 2014 14:36:02 MDT U.S. consumer confidence jumps to 90.9 in July http://www.sltrib.com/sltrib/money/58236779-79/confidence-july-90.9-consumers.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58236779-79/confidence-july-90.9-consumers.csp">U.S. consumer confidence jumps to 90.9 in July</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T09:13:02.201-06:00">Updated Jul 29, 2014 09:13AM MDT</span></h5> <div class ="entry-content">Washington • U.S. consumers are more confident about the economy than they have been in nearly seven years. The Conference Board’s confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began. It was the third straight increase in the index. Economists said that strong job growth has helped boost consumers’ assessment of current conditions and also improved their outlook on ...</div> <h5><a rel="item-license" href="#license-582367792014-07-29T09:13:02.201-06:00" id="#license-2014-07-29T09:13:02.201-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58236779@www.sltrib.com Tue, 29 Jul 2014 09:13:02 MDT Russia: McDonald’s food has ‘too many calories’ http://www.sltrib.com/sltrib/money/58224734-79/mcdonald-agency-russia-calories.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224734-79/mcdonald-agency-russia-calories.html.csp">Russia: McDonald’s food has ‘too many calories’</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T14:47:01.779-06:00">Updated Jul 25, 2014 02:47PM MDT</span></h5> <div class ="entry-content">Moscow • Russia’s consumer protection agency has filed a suit against McDonald’s for allegedly selling food that does not meet legal standards. The case was announced Friday on the website of the agency, Rospotrebnadzor, which said it comes in the wake of inspections of two of the company’s restaurants in Novgorod. According to the statement, some food was found with microbial contamination and several items had caloric values two to three times higher than allowed by national regulations. The s...</div> <h5><a rel="item-license" href="#license-582247342014-07-25T14:47:01.779-06:00" id="#license-2014-07-25T14:47:01.779-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224734@www.sltrib.com Fri, 25 Jul 2014 14:47:01 MDT Worries about U.S. consumers drag stocks lower http://www.sltrib.com/sltrib/money/58224072-79/percent-visa-investors-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224072-79/percent-visa-investors-market.html.csp">Worries about U.S. consumers drag stocks lower</a></h4> <span class="author vcard"><span class="fn">By KEN SWEET</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T17:33:52.992-06:00">Updated Jul 25, 2014 05:33PM MDT</span></h5> <div class ="entry-content">New York • Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. Two major U.S. companies — the retail giant Amazon and the credit card processor Visa — both said that the second half of the year was looking more troubled than originally expected. The cautious outlook from two companies so heavily exposed to consumer spending spooked investors, causing the stock market to fall at the open and rem...</div> <h5><a rel="item-license" href="#license-582240722014-07-25T17:33:52.992-06:00" id="#license-2014-07-25T17:33:52.992-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224072@www.sltrib.com Fri, 25 Jul 2014 17:33:52 MDT Feds looking to air consumer finance complaints http://www.sltrib.com/sltrib/money/58191997-79/consumer-consumers-complaints-bureau.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58191997-79/consumer-consumers-complaints-bureau.html.csp">Feds looking to air consumer finance complaints</a></h4> <span class="author vcard"><span class="fn">By JEFF HORWITZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-16T18:11:01.719-06:00">Updated Jul 16, 2014 06:11PM MDT</span></h5> <div class ="entry-content">Washington • The Consumer Financial Protection Bureau has heard from hundreds of thousands of consumers who feel wronged by banks and finance companies. Now the agency wants the public to hear from those consumers too. On Wednesday, the bureau proposed allowing consumers to publish online the details of their complaints against lenders and financial service providers. Those narratives would augment the bureau’s consumer complaint database, which lists complaints about checking accounts, credit c...</div> <h5><a rel="item-license" href="#license-581919972014-07-16T18:11:01.719-06:00" id="#license-2014-07-16T18:11:01.719-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58191997@www.sltrib.com Wed, 16 Jul 2014 18:11:01 MDT Higher gasoline costs raise U.S. producer prices http://www.sltrib.com/sltrib/money/58190193-79/prices-percent-inflation-costs.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58190193-79/prices-percent-inflation-costs.html.csp">Higher gasoline costs raise U.S. producer prices</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-16T09:45:02.301-06:00">Updated Jul 16, 2014 09:45AM MDT</span></h5> <div class ="entry-content">Washington • Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame. The Labor Department said Wednesday that the producer price index, which measures the cost of goods and services before they reach the consumer, rose 0.4 percent last month. The increase follows a 0.2 percent decrease in May. Gas costs rose 6.4 percent in June. Steel prices shot up 3 percent. But prices fell for grains, cheese and rental cars to...</div> <h5><a rel="item-license" href="#license-581901932014-07-16T09:45:02.301-06:00" id="#license-2014-07-16T09:45:02.301-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58190193@www.sltrib.com Wed, 16 Jul 2014 09:45:02 MDT Incentives target 500 jobs in Weber County http://www.sltrib.com/sltrib/politics/58170918-90/bakery-consumer-county-csm.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/politics/58170918-90/bakery-consumer-county-csm.html.csp">Incentives target 500 jobs in Weber County</a></h4> <span class="author vcard"><span class="fn">By Mike Gorrell</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-11T10:56:36.916-06:00">Updated Jul 11, 2014 10:56AM MDT</span></h5> <div class ="entry-content">State officials are offering incentive packages to two companies that, if accepted, could add 500 jobs to Weber County’s workforce. The Governor’s Office of Economic Development board approved post-performance tax credits Thursday for: • CSM Bakery Products, which makes cakes, cookies and other sweets for grocers, bakeries and food-service operators. If CSM expands an existing facility in the northern Weber County city of Pleasant View, it expects to add 100 jobs in six years. • Consumer United,...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58170918@www.sltrib.com Fri, 11 Jul 2014 10:56:36 MDT U.S. consumer borrowing rises slower in May http://www.sltrib.com/sltrib/money/58161836-79/debt-borrowing-consumer-credit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58161836-79/debt-borrowing-consumer-credit.html.csp">U.S. consumer borrowing rises slower in May</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-08T13:57:02.01-06:00">Updated Jul 8, 2014 01:57PM MDT</span></h5> <div class ="entry-content">Washington • Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, the Federal Reserve said Tuesday. The relatively modest increase should help to feed slow but steady economic growth, because consumers rely on debt to pay tuition, buy cars and shop. Total outstanding consumer debt is now approaching $3.2 trillion. Auto and student loans drove much of the gains in May. They...</div> <h5><a rel="item-license" href="#license-581618362014-07-08T13:57:02.01-06:00" id="#license-2014-07-08T13:57:02.01-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58161836@www.sltrib.com Tue, 08 Jul 2014 13:57:02 MDT World stocks struggle after mixed economic reports http://www.sltrib.com/sltrib/money/58123089-79/percent-stocks-0.1-chinese.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58123089-79/percent-stocks-0.1-chinese.csp">World stocks struggle after mixed economic reports</a></h4> <span class="author vcard"><span class="fn">By KELVIN CHAN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-27T09:31:01.848-06:00">Updated Jun 27, 2014 09:31AM MDT</span></h5> <div class ="entry-content">Hong Kong • World stock struggled on Friday after reports showed growth was weak in U.S. consumer spending and Chinese industrial profits, casting doubts on how strongly the world’s two biggest economies can rebound. After Asian indexes closed lower, European stocks failed to make much headway. France’s CAC 40 was flat at 4,441.54 while Germany’s DAX edged up 0.1 percent to 9,818.61. The FTSE 100 index of leading British companies rose 0.2 percent to 6,748.47. U.S. stocks were poised to open low...</div> <h5><a rel="item-license" href="#license-581230892014-06-27T09:31:01.848-06:00" id="#license-2014-06-27T09:31:01.848-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58123089@www.sltrib.com Fri, 27 Jun 2014 09:31:01 MDT Steady job growth boosts U.S. consumer confidence http://www.sltrib.com/sltrib/money/58123078-79/confidence-consumer-economy-growth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58123078-79/confidence-consumer-economy-growth.html.csp">Steady job growth boosts U.S. consumer confidence</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER S. RUGABER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-27T09:27:02.486-06:00">Updated Jun 27, 2014 09:27AM MDT</span></h5> <div class ="entry-content">Washington • Strong job growth lifted U.S. consumer confidence this month, as Americans looked past the economy’s dismal first quarter performance. The University of Michigan says that its index of consumer sentiment rose slightly to 82.5 in June from 81.9 in May. That is still below April’s reading of 84.1, which had been the highest in almost a year. The reading suggests consumers shrugged off the economy’s first quarter contraction. Still, the survey was conducted before the government said t...</div> <h5><a rel="item-license" href="#license-581230782014-06-27T09:27:02.486-06:00" id="#license-2014-06-27T09:27:02.486-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58123078@www.sltrib.com Fri, 27 Jun 2014 09:27:02 MDT Consumer spending in May disappointingly weak http://www.sltrib.com/sltrib/money/58118284-79/percent-spending-consumer-april.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58118284-79/percent-spending-consumer-april.html.csp">Consumer spending in May disappointingly weak</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-26T09:03:02.517-06:00">Updated Jun 26, 2014 09:03AM MDT</span></h5> <div class ="entry-content">Washington • U.S. consumers boosted their spending only modestly in May, a disappointment to economists who said the weaker-than-expected gain will likely mean a lesser economic rebound in the April-June quarter than many had envisioned. Spending rose just 0.2 percent last month after no gain in April, the Commerce Department said Thursday. The two months followed a robust spending surge of 0.8 percent in March. Income rose a solid 0.4 percent in May after a 0.3 percent April gain. Last month’s ...</div> <h5><a rel="item-license" href="#license-581182842014-06-26T09:03:02.517-06:00" id="#license-2014-06-26T09:03:02.517-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58118284@www.sltrib.com Thu, 26 Jun 2014 09:03:02 MDT Goldman Sachs overhauls key banking division http://www.sltrib.com/sltrib/money/58115176-79/goldman-banking-group-retail.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58115176-79/goldman-banking-group-retail.html.csp">Goldman Sachs overhauls key banking division</a></h4> <span class="author vcard"><span class="fn">By SYDNEY EMBER</span></span> <span class="source-org vcard"><span class="org fn"> New York Times News Service</span></span> <h5><span class="updated" title="2014-06-25T16:04:02.33-06:00">Updated Jun 25, 2014 04:04PM MDT</span></h5> <div class ="entry-content">Goldman Sachs is combining its consumer retail and health care investment banking groups, according to an internal memorandum sent Wednesday. The move comes as drug company takeovers and retail advisory deals are on the rise. “This change brings together a strong group of talented bankers who can be deployed more widely across a broader client base,” the three heads of investment banking, Richard J. Gnodde, David Solomon and John S. Weinberg, wrote in the memo. “This will allow us to better serv...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58115176@www.sltrib.com Wed, 25 Jun 2014 16:04:02 MDT Consumer groups ask FTC to investigate CarMax http://www.sltrib.com/sltrib/money/58110329-79/carmax-recall-safety-consumer.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58110329-79/carmax-recall-safety-consumer.html.csp">Consumer groups ask FTC to investigate CarMax</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER JENSEN</span></span> <span class="source-org vcard"><span class="org fn"> New York Times News Service</span></span> <h5><span class="updated" title="2014-06-24T18:09:02.348-06:00">Updated Jun 24, 2014 06:09PM MDT</span></h5> <div class ="entry-content">Saying that advertisements by CarMax, the nation’s largest used-car retailer, are deceptive, a coalition of 11 consumer groups has asked the Federal Trade Commission to investigate. The groups say CarMax does not fix vehicles that have been recalled before it sells them, even though the retailer’s ads promise that the vehicles have undergone a rigorous quality inspection. “It is inherently deceptive for an auto dealer to represent that its vehicles have passed a rigorous inspection, while failin...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58110329@www.sltrib.com Tue, 24 Jun 2014 18:09:02 MDT Wasatch Front prices go up more than nationally http://www.sltrib.com/sltrib/money/58079287-79/prices-percent-higher-costs.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58079287-79/prices-percent-higher-costs.html.csp">Wasatch Front prices go up more than nationally</a></h4> <span class="author vcard"><span class="fn">By Mike Gorrell</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-06-17T16:32:02.449-06:00">Updated Jun 17, 2014 04:32PM MDT</span></h5> <div class ="entry-content">Consumer prices along the Wasatch Front rose 0.7 percent from April to May, twice the national average, according to Zions Bank’s latest index readings. Transportation costs that went up 1.9 percent, to an average of $3.59 per gallon, were largely responsible for the increase. The national Consumer Price Index, released Tuesday by the U.S. Bureau of Labor Statistics, went up 0.3 percent in May. Although the state’s monthly jump exceeded the national increase, Utah prices over the last 12 months ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58079287@www.sltrib.com Tue, 17 Jun 2014 16:32:02 MDT Mississippi sues Experian, alleging data errors http://www.sltrib.com/sltrib/money/58073742-79/credit-experian-mississippi-consumer.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58073742-79/credit-experian-mississippi-consumer.html.csp">Mississippi sues Experian, alleging data errors</a></h4> <span class="author vcard"><span class="fn">By JEFF HORWITZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-16T08:48:01.698-06:00">Updated Jun 16, 2014 08:48AM MDT</span></h5> <div class ="entry-content">Washington • Mississippi has sued credit reporting giant Experian, alleging sweeping errors in the company’s data and routine violations of consumer protection laws. Mississippi’s action — and a previously unreported multi-state investigation of credit bureaus led by Ohio — represent a significant new legal challenge to the industry. Mississippi Attorney General Jim Hood’s complaint against Experian Information Solutions was filed without fanfare last month in a Biloxi state courthouse and trans...</div> <h5><a rel="item-license" href="#license-580737422014-06-16T08:48:01.698-06:00" id="#license-2014-06-16T08:48:01.698-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58073742@www.sltrib.com Mon, 16 Jun 2014 08:48:01 MDT Cheaper gas, food push down U.S. producer prices http://www.sltrib.com/sltrib/money/58064824-79/prices-percent-inflation-months.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58064824-79/prices-percent-inflation-months.html.csp">Cheaper gas, food push down U.S. producer prices</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER S. RUGABER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-13T10:35:01.387-06:00">Updated Jun 13, 2014 10:35AM MDT</span></h5> <div class ="entry-content">Washington • The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild. The producer price index, which measures the cost of goods and services before they reach the consumer, dropped 0.2 percent last month, the Labor Department said Friday. The decline was driven lower by cheaper food and gas, and follows two months of strong gains that had suggested inflation might be perking up after being dormant for two years. In the past 12 months,...</div> <h5><a rel="item-license" href="#license-580648242014-06-13T10:35:01.387-06:00" id="#license-2014-06-13T10:35:01.387-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58064824@www.sltrib.com Fri, 13 Jun 2014 10:35:01 MDT