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Wholesale prices inflation surge in november { November 2006 }

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   http://www.forbes.com/home/feeds/ap/2006/12/19/ap3267286.html

http://www.forbes.com/home/feeds/ap/2006/12/19/ap3267286.html

Associated Press
Wholesale Prices Surge in November
By MARTIN CRUTSINGER 12.19.06, 8:33 AM ET

Inflation at the wholesale level surged by the largest amount in more than three decades in November, reflecting higher prices for gasoline and a host of other items.

The Producer Price Index, which measures inflation pressures before they reach the consumer, was up 2 percent last month, the biggest advance since a similar increase in November 1974, the Labor Department reported Tuesday.

Economists had been expecting a rebound in wholesale prices following two months of big declines. However, the 2 percent jump was four times bigger than the 0.5 percent increase they had forecast. Even excluding volatile energy and food prices, core inflation posted a 1.3 percent advance, the biggest jump in 26 years.

Copyright 2006 Associated Press.


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Wholesale prices inflation surge in november { November 2006 }

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