[BabyPeanut]

Image of snake swallowing an egg whole very slowly. The Katrina/Rita bitchslap slides into the snake's throat a bit further...

$this->bbcode_second_pass_quote('', '[')url=http://quote.bloomberg.com/apps/news?pid=10000006&sid=amX9.7zfV9Jo&refer=home]U.S. Economy: Producer Prices Increase By Most in 15 Years (link)[/url]

Oct. 18 (Bloomberg) -- U.S. producer prices rose in September by the most in 15 years as higher crude oil and gasoline prices stemming from Hurricane Katrina filtered through into increased costs for chemicals, steel and plastics.

The 1.9 percent surge in prices paid to factories, farmers and other producers was more than forecast and followed a 0.6 percent rise in August, the Labor Department said today in Washington. The core measure, which excludes fuel and food, rose 0.3 percent after no change a month earlier.

[PWALPOCO]

Hmm , Inflationary pressures are everywhere theses days , thanks to the black stuff.The UK has reported inflationary problems just recently and I suspect that mainland Europe is also feeling the heat somewhat.

Meanwhile our Antipodean friends already have their inflation pushing through not just from the energy costs themselves , but in secondary form , like delivered goods (food on the shelves) for example.

Thank goodness the Saudis can just open up the tap a bit and bring these oil prices down eh or else people would begin to worry that we are stuck with $60 oil and all the inflation its causing .........

Paul

[Carrie]

There seems to be a discrepency - CBS MarketWatch says that this is the biggest jump in 31 years, since 1974!!
U.S. Inflation Spike Worst in 31 Years
So who's right?

[PWALPOCO]

Carrie

There appear to be two sets of figures reported , one is a "wholesale price" which has risen 1.9% , this is the 31year record , the other is the "producer price" which has risen 1.7% and is the 15year record.

Its there in the text if you look carefully , Neo not required

Paul

[mommy22]

I don't think that this inflation is caused only by the oil issue. It's the war, and how much we're having to borrow to pay for it. God knows, we can't ask the rich to give back the tax cuts (this is, I think, the first war in history that taxes actually went down.)..Historically, taxes rise considerably during a war, so as not to burden the next generation with the tab. Inflation is the politacally correct way to help pay for things without too much whining from the populous, especially if they can't connect the dots all around them.

[Free]

$this->bbcode_second_pass_quote('PWALPOCO', 'H')mm , Inflationary pressures are everywhere theses days , thanks to the black stuff.The UK has reported inflationary problems just recently and I suspect that mainland Europe is also feeling the heat somewhat.

[rogerhb]

From the other downunder:

$this->bbcode_second_pass_quote('scoop.co.nz', 'T')he headline third-quarter CPI increase of 1.1% was sufficient to raise the annual rate of inflation to 3.4%, the highest level seen since a temporary spike in inflation in the fourth quarter of 2000.