Liberalism: Do You Agree We've Had Enough of It? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chartseer who wrote (100123)	2/20/2011 11:40:44 AM
From: Hope Praytochange	2 Recommendations Read Replies (3) of 224722

Inflation makes comeback as prices rise for food, fuel Inflation is making a quick comeback after touching the lowest levels in decades last fall. Fast-rising prices for food, fuel and other basic necessities, stoked by rapid growth in emerging countries, are coming home to American consumers. A report from the Labor Department on Thursday showed consumer prices rose by 0.4 percent in each of the past two months — or a 4 percent annual rate over the last quarter fed by the biggest gains in food prices in two years and surging energy prices. The report also showed a broadening of price pressures as airlines jacked up their fares by an average of 2.2 percent to pass on the cost of higher fuel and retailers raised clothing prices by 1 percent to reflect the higher costs of cotton and other fabrics. It poses a growing burden for U.S. consumers who are already contending with the highest gasoline prices ever seen at this time of year. “The surge in commodity prices is starting to feed through to the consumer,” said Harm Bandholz, an economist at Unicredit Markets. He predicted that prices will keep accelerating in coming months and nearly double the inflation rate by the middle of the year on the rising tide of commodity inflation. While economists had expected the surge in basic materials prices that started overseas to eventually reach U.S. shores, Mr. Bandholz said he was surprised at how quickly this prompted U.S. businesses to start passing on their costs to consumers. That swift move was startling to Mr. Bandholz, who called it “remarkable” the increase was broad-based,” he said, including increases in prices for nearly everything but cars and trucks. Gee isn't the government telling us no inflation?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next