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

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

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To: locogringo who wrote (101441)	3/16/2011 3:16:05 PM
From: Hope Praytochange	3 Recommendations of 224757

Producer Prices Rise at Fastest Pace in 18 Months By REUTERS Published: March 16, 2011 o WASHINGTON (Reuters) — Producer prices surged in February at their fastest pace in about 18 months, lifted by high food and energy prices, according to a government report on Wednesday that pointed to a buildup in inflation pressures. In a second report, the government said housing starts declined the most in 27 years in February while building permits dropped to their lowest level on record, a sign that the beleaguered real estate sector has yet to rebound from its deep slump. The Labor Department said on Tuesday that its seasonally adjusted index for prices paid at the farm and factory gate jumped 1.6 percent, the largest increase since June 2009, after rising 0.8 percent in January. Economists polled by Reuters had expected a 0.7 percent increase in producer prices last month. In the 12 months to February, producer prices increased 5.6 percent.

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