Wholesale prices drop 2.2 percent in November - WKOW 27: Madison, WI Breaking News, Weather and Sports

Wholesale prices drop 2.2 percent in November

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WASHINGTON (AP) -- The government says wholesale prices sank in November for the fourth month in a row.

  That is likely to raise fresh fears prices will keep on dropping, leading to a dangerous bout of deflation.

  The Labor Department reported Friday that the Producer Price Index, which tracks costs of goods before they reach consumers, fell 2.2 percent last month as prices for gasoline and other energy prices retreated.

  That followed a record 2.8 percent plunge overall wholesale prices in October.

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