More bad news about the economy
Posted 33 weeks 3 days ago byNew federal government statistics show the Consumer Price Index rose 4.1 percent over the 12 months ending in December, 2007, compared to a 2.5 percent increase in the 12 months before that. Energy prices, responding to a surge in the cost of oil, rose 17.4 percent over the period. The price of food increased 4.9 percent -- the largest rise in 18 years.
Thoughts
not good indeed, but not all bad
Submitted on January 16th, 2008 by pcthe proverbial rest of the story:
"Excluding volatile food and energy costs, so-called core inflation was more moderate as consumers benefited from lower prices for housing, apparel and other goods. The core inflation rate, closely watched by economists, was 2.4 percent over the 12 month period, slightly below the 2.6 percent increase registered in 2006."