Skip to comments.Companies paid more for wholesale goods, though inflation pressures muted ('How Ya doin'?)
Posted on 08/17/2011 4:10:17 PM PDT by NormsRevenge
WASHINGTON A key measure of wholesale inflation rose in July by the most in six months.
The measure, called core wholesale inflation, excludes volatile food and energy prices. It surged 0.4 percent last month.
But most economists say they arent concerned about the increase. One reason is that it was driven largely by costlier tobacco products and pickup trucks, which economists say are probably one-time events.
Raw material prices also fell in July. Those figures should lead to lower wholesale prices in coming months.
(Excerpt) Read more at washingtonpost.com ...
(apologies to PSA 'voiceover'.)
Hey did you know you might be eligible for food stamps?
Hi, I'm Tom Fartsack Agriculture Czar, with a reminder that if ya already ate the chickens in your backyard and the ducks and gators at the local pond,, we got food stamps FRee! Come on down!!
Do you wince&bear when you walk the aisles or just spend more time shopping around for deals?
or are you a couponaholic? There is help available yaknow.. for paper cuts. :-)
It should be called "core wholesale inflation tax" so the less fortunate like those in Rio Linda can understand what causes inflation in the first place too.
I hear ya.. with an electorate edumacated in publik skools
begs the questions.. has America been sold a gubamint it can not afford? and how does it reclaim the nation and return it to a saner path?
Rise in tobacco prices is a one-time event? Does that mean the economists think that politicians not likely to raise taxes on tobacco again? I think not.