Wednesday, July 16, 2008
Fed in a hole
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 (911 views)
7 thoughts on “Fed in a hole”
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seanb303 says:
their cpi is worse than ours
it doesen’t include food and fuel
Bananasplit says:
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.
Albertini Albertino says:
Hmm – 1.1% in a month. That’s 13.2% "annualised", isn’t it?
Still, 1.1 sounds smaller.
little professor says:
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.
Ccamper says:
Stone me! We never thought this would happen when the FED slashed their rates back along.
nooneo says:
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.
enuii says:
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!