October 14, 2005
Stocks gain on mild core inflation data (CHRISTOPHER WANG, 10/14/05, AP)
Stocks rose moderately Friday after two upbeat economic reports showed inflation was relatively tame last month and that retail sales improved. [...]
The Labor Department said its core consumer price index grew just 0.1 percent in September, a sign that higher prices have so far been limited to the volatile energy sector. Accounting for energy and food, which are both excluded from core inflation, the CPI jumped 1.2 percent.
The inability of businesses to pass on even such a large energy hike must be instructive to everyone not named Alan Greenspan. Posted by Orrin Judd at October 14, 2005 7:06 PM