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Wholesale inflation takes biggest jump in 6 months

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posted on Feb, 19 2009 @ 08:36 AM
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Wholesale inflation takes biggest jump in 6 months


finance.yahoo.com

Wholesale inflation jumps by largest amount in 6 months, reflecting higher energy costs

Inflation at the wholesale level surged unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.

The Labor Department said Thursday that wholesale prices increased by 0.8 percent last month, the biggest gain since last July and well above the 0.2 percent increase that economists had expected.

The acceleration was led by a 3.7 percent surge in energy prices.
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posted on Feb, 19 2009 @ 08:36 AM
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Here we go; or, as Rev. Wright may have said: Obama’s chickens are coming home to roost!

With the new administration committed to an anti-‘Climate Change’ agenda, prices have begun an inevitable upward spiral. Well, maybe not a “spiral;” more like an escalator.

Just yesterday several representatives of Obama’s new climate-change conscious Energy and Environment agencies and departments announced plans to “regulate” (translation: PENALIZE) CO2 emissions as its coming focus.

Tellingly, these spokesmen and women acknowledged that the anticipated regs and taxes would lead to increasingly higher transportation, travel, energy, food and construction costs. What else is there?

Your AGW tax and spend dollars at work, and we all will pay for it.

Won’t this render the “stimulus” so vigorously insisted on despite the doubts of many, but in furtherance of the Obama Administration’s agenda, rather futile and ultimately terribly expensive?

See Related story : “Oil Above $35 on Grim News”

Look what you've done to my Country.

jw





finance.yahoo.com
(visit the link for the full news article)



posted on Mar, 5 2009 @ 09:33 PM
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And yet there's "deflation". At some point we're going to have to admit to ourselves what is going on. The fed is just chewing these numbers up and manipulating the results to boot. They have no idea what kind of damage they are doing.



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