SubscribeAll Posts Tagged With: "consumer prices"
The Worldwide Consumer Shellacking
“Let’s turn on some music…” said Brian, one sultry night in 1966.
We were far from legal drinking age, but there were plenty of saloonkeepers who didn’t seem to care. One ran a bar named “Mickey’s”…a rickety dive built on stilts. Beneath it, the salt water splashed against abandoned automobile tires and washed up beer cans into the reeds and bushes on the shore. We were 18 years old, just graduating from high school, and vaguely wondering what to do next. And if we didn’t think of something fast, the U.S. Army would come looking for us.
After trolling the airwaves for…
4Jul2008 | Daily Reckoning | Comments Off | ContinuedConsumer Prices Moderate in April but Soaring Food Prices Steal the Show
U.S. consumer prices rose less than forecast in the month of April, assuaging some inflation fears, but food prices experienced their biggest jump in 18 years.
The consumer price index rose 0.2% in April after edging up 0.3% the month prior, the Labor Department said yesterday (Wednesday). Core prices, which exclude food and energy, rose 0.1%.
Energy prices stagnated after soaring 1.9% in March, but that’s expected to change as both oil and gas have notched a series of record highs this month.
Food prices were perhaps the report’s biggest eye-catcher, climbing 0.9% for the month, the biggest upsurge since January…
15May2008 | Money Morning | Comments Off | Continued
Loading ...
