January 14, 2005

WHO WILL STOP THE FED?:

Wholesale Prices Plunge on Energy Costs (MARTIN CRUTSINGER, 1/14/05, AP)

Prices at the wholesale level, helped by the largest drop in energy prices since April 2003, fell by 0.7 percent in December while output at the nation's factories, mines and utilities soared by 0.8 percent, the government reported Friday. [...]

Excluding food and energy, the so-called core rate of wholesale inflation rose by a more moderate 2.2 percent in 2004 following a 1 percent increase in the core inflation rate in 2003.

Posted by Orrin Judd at January 14, 2005 10:46 AM
Comments for this post are closed.