Port Angeles Food Co-op sets meeting for June 17

PORT ANGELES — The Port Angeles Food Co-op will hold an organizational meeting from 5 p.m. to 7 p.m. Monday.

The meeting will be held in the Carver Room at the Port Angeles Library, 2210 S. Peabody St.

The purpose of the meeting is to explore the formation of a food co-operative in Port Angeles.

The meeting is free and open to anyone interested in the project.

Consumer prices

WASHINGTON — U.S. consumer prices increased a slight 0.1 percent in May, as inflation was tempered by lower costs for gasoline, electricity and used cars.

The Labor Department said Wednesday that the consumer price index rose 1.8 percent during the past year.

Excluding the volatile food and energy categories, core prices rose 0.1 percent in May and 2 percent from a year ago.

Inflation has been consistently muted, slightly below or near the Federal Reserve’s target of 2 percent even though the economy is poised in July to set the record for the longest expansion in U.S. history.

Falling unemployment rates and a pick-up in wages have done little to push prices higher.

Adjusted for inflation, average hourly earnings have climbed 1.3 percent in the past year.

Gold, silver futures

August gold was up $4.60, or 0.4 percent, at $1,335.80 an ounce Wednesday.

Silver for July edged up 3 cents, or 0.2 percent, to $14.77 an ounce.

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