Inflation for producers at 12-month low
Washington - UPI
The U.S. Producer Price Index for finished goods fell 1 percent April to May, the Bureau of Labor Statistics reported Wednesday. On a 12-month, unadjusted basis, prices were up 0.7 percent, sharply lower than the 1.9 percent annual rate in April and the first month less than 1 percent in a year. By comparison, the annual inflation rate for producer prices was 7.1 percent in May 2011. For May 2012, food prices were down 0.6 percent month-to-month. Energy prices declined 4.3 percent from April. Core prices, which is the total minus food and energy items, rose 0.2 percent month-to-month and 0.7 percent from May 2011.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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