Wednesday, April 16, 2008

wholesale inflation hits the stratosphere

Wholesale inflation is now at a 13.2% annualized rate!

Wholesale prices soared in March: Financial News - Yahoo! Finance:
Inflation at the wholesale level soared in March at nearly triple the rate that had been forecast as energy prices kept rising and food costs posted a much bigger jump than anticipated.
The Labor Department reported Tuesday that wholesale prices rose by 1.1 percent last month, the largest increase since a 2.6 percent rise last November. The November gain in the Producer Price Index was the biggest one-month jump in 33 years.

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