Rhino
12-19-2006, 08:13 AM
Producer Prices Spike By Largest Amount in 30 Years on Higher Energy Prices
Tuesday, December 19, 2006
WASHINGTON — U.s. producer prices jumped a bigger-than-expected 2 percent in November, the largest gain in more than three decades, on a spike in energy prices, a government report showed on Tuesday.
Core prices also leaped 1.3 percent, the largest increase since a matching rise in July 1980, the Labor Department said.
Analysts polled by Reuters were expecting producer prices to rise 0.5 percent and core prices - excluding volatile food and energy prices - to grow 0.2 percent......http://www.foxnews.com/story/0,2933,237385,00.html
Tuesday, December 19, 2006
WASHINGTON — U.s. producer prices jumped a bigger-than-expected 2 percent in November, the largest gain in more than three decades, on a spike in energy prices, a government report showed on Tuesday.
Core prices also leaped 1.3 percent, the largest increase since a matching rise in July 1980, the Labor Department said.
Analysts polled by Reuters were expecting producer prices to rise 0.5 percent and core prices - excluding volatile food and energy prices - to grow 0.2 percent......http://www.foxnews.com/story/0,2933,237385,00.html