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Thread: US producer prices rise more than expected

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    US producer prices rise more than expected

    BBC News - US producer prices rise more than expected - 15:28 GMT, Tuesday, 15 December 2009

    The Labor Department's Producer Price Index increased 1.8% from October, on a seasonally adjusted basis, the biggest rise in three months.

    The cost of petrol increased by 14% on the back of higher crude oil prices.

    The data will increase inflation concerns, but US interest rates are expected to remain on hold this week.
    Tip of the iceberg, or just a blip on the radar?

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    Re: US producer prices rise more than expected

    The calm before the storm. This is a sign of times to come.
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    Re: US producer prices rise more than expected

    Quote Originally Posted by Ethereal View Post
    Tip of the iceberg, or just a blip on the radar?
    I doubt any one knows for sure. Any one claiming to is just trying to use the information for some ends. It certainly is worrying however.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Re: US producer prices rise more than expected

    Quote Originally Posted by Ethereal View Post
    Tip of the iceberg, or just a blip on the radar?
    Have you looked at your grocery bill lately?
    The ghost of Jack Kevorkian for President's Physician: 2016

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