Sales slide in August while price pressures abate (AP)

WASHINGTON - The largest drop in wholesale prices in nearly two years in August failed to spur consumers to spend more at the shopping malls, raising new worries about a possible recession as the temporary boost from tax rebate checks becomes a distant memory.

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The Labor Department reported Friday that wholesale prices declined 0.9 percent last month, nearly double the 0.5 percent drop that economists had expected, as the price of all types of energy from gasoline to natural gas fell sharply. The August slump followed an even bigger 0.5 percent decline in July, the weakest performance in five months and much worse than the 0.1 percent decline originally reported.

Full Story: Sales slide in August while price pressures abate (AP)

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