Wednesday, February 20, 2008

More Good News from the States

Prices jump more than forecast - Report shows inflation remains persistent, with annual rise of 4.3%.

The pace of inflation rose in January, according to a closely watched government report Wednesday that showed price pressures were higher than Wall Street expectations. The Consumer Price Index, the government's key inflation reading, rose 0.4% in the month after a 0.4% jump in December. Economists surveyed by Briefing.com had forecast a 0.3% rise in January. BBC Headline for this "US inflation AT 0.4% in January."

Posted by stevie dee @ 01:45 PM (502 views)
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One thought on “More Good News from the States

  • it_is_going_with_a_bang says:

    Core Inflation – whats that then? a list of things they think will never go up in price much?
    You can’t just pick and choose your inflation.
    The bottom line is if you don’t have an interest rate and hence a wage inflation rate that meets inflation requirements people will just have less money to spend and the economy will dive anyway.
    But I guess thats after the next election – so I guess it doesn’t matter ….

    Desperate times – desperate acts.

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