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Looking for Some Good News – A Brief Update
Location: Blogs Russ Henke |
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| Posted by: Russ Henke |
4/17/2007 9:27 AM |
In the blog entry here on April 14, the following
paragraph was included:
On April 13, the Labor Department's Producer Price
Index came in flat for March 2007, an encouraging
result if one does not eat food or buy gasoline or
use electricity. However, including the real world
impacts of energy and food, wholesale prices rose
another full percent in March, following an even
larger 1.3% rise in February.
Readers may be interested in these additional facts:
Yesterday, April 16, the Consumer Price Index results
for March were announced. Consumer prices shot up
by the largest amount in nearly a year, driven by huge
increases in the cost of gasoline and other energy products.
The Consumer Price Index rose 0.6% in March, the
biggest increase since April of 2006.
Energy prices surged by 5.9% last month, the largest
one-month increase since September 2005, when
Hurricane Katrina shut down Gulf Coast refineries.
The rise in inflation ate into workers’ paychecks, with
relative weekly earnings declining in March.
The CPI report showed that prices for the first three
months of 2007 are rising at an annual rate of 4.7%,
far above the 2.5% price increase for all of 2006.
Think the Fed will increase interest rates again soon?
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Re: Looking for Some Good News – A Brief Update |
By Rachael Taggart on
4/23/2007 7:47 PM |
Increase in oil prices. Well, I guess we have to pay for the war in Iraq one way or another. This is one way. I figure, despite analyst reports that it would drop this week, that we will see $4 per gallon by June.
Will the Fed increase interest rates? They have to even while they must be experiencing pressure to bring it down from various areas of government. Even in a Walmart generation, prices have to increase somehow. |
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