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U.S. wholesale prices climb 0.8% in April
Marketwatch ^
| 5.12.11
| Jeffry Bartash
Posted on 05/12/2011 7:03:25 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — U.S. wholesale prices rose a seasonally adjusted 0.8% in April, driven once again by surging fuel costs, the government reported Thursday.
A sharp increase in oil over the past seven months has fueled a spike in wholesale prices. Wholesale costs have jumped an unadjusted 6.8% in the past year, the largest 12-month increase since September 2008...
The more closely followed core producer index rose 0.3% in April. The core index is usually viewed by investors and the Federal Reserve as a better gauge of inflationary pressure because it excludes the volatile food and energy categories.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: economy; inflation; prices; wholesale
To: Free Vulcan
As a lib told me, there’s no problem with inflation. The worry is deflation.
Being that person never lived through the Carter years, he’s in for a rude awakening.
2
posted on
05/12/2011 7:09:16 AM PDT
by
I still care
(I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
To: Free Vulcan
The core index is usually viewed by investors and the Federal Reserve as a better gauge of inflationary pressure because it excludes the volatile food and energy categories. That statement is utterly stupid...
Mike
3
posted on
05/12/2011 7:11:35 AM PDT
by
MichaelP
(The ultimate result of shielding men from the effects of folly is to fill the world with fools ~HS)
To: I still care
Being that person never lived through the Carter years, he’s in for a rude awakening. Libs younger than 30 who know so much. Aren't they special...
4
posted on
05/12/2011 7:13:18 AM PDT
by
ScottinVA
(Imagine.... a world without islam.)
To: MichaelP
The core index is usually viewed by investors and the Federal Reserve as a better gauge of inflationary pressure because it excludes the volatile food and energy categories. Ah.. yes... cherry-picking the data to soothe our minds and convince ourselves the inflation we see isn't really inflation after all. Silly people.
5
posted on
05/12/2011 7:16:04 AM PDT
by
ScottinVA
(Imagine.... a world without islam.)
To: I still care
Stagflation is what worries the hell out of me.
6
posted on
05/12/2011 7:18:15 AM PDT
by
Free Vulcan
(Vote Republican! You can vote Democrat when you're dead.)
To: Free Vulcan
Don’t worry folks, just try not to eat anything or go anywhere.
To: FReepers
8
posted on
05/12/2011 8:12:01 AM PDT
by
DJ MacWoW
(America! The wolves are at your door! How will you answer the knock?)
To: Free Vulcan
U.S. wholesale prices rose a seasonally adjusted 0.8% in April, driven once again by surging fuel costsSurging fuel prices which are being driven by a falling dollar and an energy policy geared toward raising fuel costs.
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