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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Maloney who wrote (289100)6/17/2004 9:00:29 AM
From: zonder  Read Replies (1) of 436258
 
WASHINGTON (Reuters) - U.S. producer prices shot up a hefty 0.8 percent last month, the biggest jump since March 2003, as prices for food and energy shot up, the Labor Department said Thursday.

Over the last 12 months, overall producer prices have risen 5 percent, their biggest 12-month gain since a 5.7 percent leap in December 1990, when oil prices were spiking in the wake of Iraq's invasion of Kuwait.

The pace of increase in core producer prices has also picked up. Core producer prices are up 1.7 percent over the last 12 months, the biggest rise since the period ending January 2001.

money.cnn.com
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