The Wells Fargo Consumer Price Index, released Tuesday, showed that overall, nonseasonally adjusted prices fell 2.6 percent in November. The Utah decrease outpaced the national nonseasonally adjusted decline of 1.9 percent and the 1.7 percent decline after seasonal adjustment. The 1.7 percent decrease was the largest amount on record going back 61 years, as energy costs posted nearly double the decline of the previous month.
Transportation costs led the way in Utah, falling 13.4 percent in November, reflective of gasoline prices. Nationally, gasoline prices fell 9.9 percent.
Transportation accounts for 15.7 percent …

A Goldman Sachs analyst said Friday packaged-food companies boosted their revenues in November due to price increases.
Analyst Judy Hong said in a note to investors that according to data from research firm ACNielsen for the four weeks ended Nov. 29, dollar sales – or the dollars that came from sales – grew about 5 percent. In the previous four-week period, dollar sales rose 4 percent.
But volumes – the amount of the product sold – fell nearly 2 percent in November, indicating that the revenue growth came from higher prices.
As the …