Wholesale inflation makes biggest jump in 9 months. Thanks GW.

[elehhhhna]

Aug. 17, 2005, 8:52AM

Wholesale inflation makes biggest jump in 9 months
Associated Press

WASHINGTON — Inflation at the wholesale level increased by the largest amount in nine months in July, reflecting the hit consumers are taking at gas pumps.

The Labor Department reported that its Producer Price Index, which measures price pressures before they reach the consumer, jumped by 1 percent in July, the biggest advance since a 1.5 percent increase last October.

The report on wholesale prices depicted many of the same price pressures shown in the 0.5 percent increase in consumer prices reported on Tuesday. However, the wholesale report showed that the core rate of inflation, ********excluding energy and food**********, rose by a worrisome 0.4 percent in July, the biggest increase since January.


http://www.chron.com/cs/CDA/ssistory.mpl/business/3314351

[GOPisEvil]

1. Excluding energy prices? In reality that means energy prices are

driving inflation in other areas.

[elehhhhna]

3. Excluding energy AND food (which has also climbed).

They don't track those stats as they're "too volatile" over the short term.

I'll say!

Thank God energy and food are optional items. lol.

[bottomofthehill]

2. Don't Worry

The pResident has a plan. He still intends to Jaw-Bone them A-Rabs into lowering the price of oil.

At least that was his plan.

Maybe he meeds more Jaw-Bone practice, where is Jeff Gannon when his pResident needs him.