Wednesday, Jul 16, 2008
Fed in a hole
BBC: US inflation rate at 26-year high
US inflation accelerated at the fastest rate in 26 years during June, pushed higher by surging energy prices, official figures have shown.
Posted by holding out @ 02:04 PM (596 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. seanb303 said...
their cpi is worse than ours
it doesen't include food and fuel
2. Bananasplit said...
Perhaps Alistair D could offer some advice with regard to not putting more duty on fuel, we have saved 0.80 pence per week, thankyou very much Mr darling we can offset the price off the eggs we like, Burford browns up from £1.39 to £2.05 for 6.
3. Albertini Albertino said...
Hmm - 1.1% in a month. That's 13.2% "annualised", isn't it?
Still, 1.1 sounds smaller.
4. little professor said...
CPI 5%, and rising sharply. Meanwhile average wages fell by 0.9% in the last month. The US is rapidly becoming a very poor nation.
Mind you, still looks like a feeble inflation rate, compared to Zimbabwe's official figures revealed today: 2,200,000%!
It was only 165,000% earlier this year.
5. Ccamper said...
Stone me! We never thought this would happen when the FED slashed their rates back along.
6. nooneo said...
Ccamper...
indeed. So what should Merv and the MPC gang do next. Slash rates like all the VIs want, or buckle up for a bumpy ride and raise our own.
7. enuii said...
The BBC have changed their mind to:-
US inflation rate at 17-year high
http://news.bbc.co.uk/1/hi/business/7509729.stm
Why do we put up with such shill journalism!