Aug
19
From the article at Reuters: “Wholesale prices took another unexpectedly steep jump in July and shot up at the fastest year-on-year rate in 27 years, according to a government report on Tuesday that was certain to fan fears about a potential surge in inflation.” The Yahoo! News version of the article mentions that the price rise was more than twice what was expected over all (1.2 percent rise versus 0.5 percent expected), and more than three times higher for “core prices” (ie, excluding food and energy), with that rise being 0.7 percent when 0.2 percent was expected. Economists are “now saying” that it looks like price increases are being passed along to consumers. For those of us who aren’t economists, and who actually live in the real world, this has been in evidence for some time!
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