Cheaper gas drives down U.S. wholesale price index

WASHINGTON (AP) – Cheaper gas drove down a measure of wholesale prices in November for the second straight month, a sign inflation remains mild.

The producer price index fell 0.8 percent last month, the steepest drop since May, the Labor Department said Thursday. That follows a 0.2 percent decline in October. The index measures the cost of goods before they reach the consumer.

Gas prices fell last month by the most in more than three years. Food prices, however, rose by the most in nearly two years, pushed higher by costlier beef and vegetables.

Beef prices jumped 8.2 percent, the biggest gain...