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Politics : PRESIDENT GEORGE W. BUSH
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To: Bill who wrote (127444)2/16/2001 9:41:20 AM
From: Zoltan!  Read Replies (2) of 769667
 
I - and many others - have believed that the Clinton-Gore regime has cooked the books for years.

First, they leave the economy in free-fall and now:

Friday February 16, 8:36 am Eastern Time
U.S. producer prices skyrocket in January

WASHINGTON, Feb 16 (Reuters) - U.S. producer prices shot up at their fastest pace in more than a decade in January, the government said on Friday in a report suggesting the threat of inflation may force the Federal Reserve to take a more cautious approach in cutting interest rates.

The Producer Price Index -- a key gauge of wholesale inflation at the farm and factory gate -- jumped 1.1 percent in January after a 0.2 percent increase in December, the Labor Department said. That was the largest increase in the PPI since September 1990, when wholesale prices rose 1.3 percent.

Excluding the volatile food and energy sectors, the closely watched core rate soared 0.7 percent last month, the biggest increase since a 1.0 percent gain in December 1998. Core prices rose a mere 0.1 percent in December 2000.

The numbers were way above expectations from analysts polled by Reuters, who before the report was released had estimated that producer prices rose only 0.3 percent and core prices inched 0.1 percent higher last month.
biz.yahoo.com
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