$this->bbcode_second_pass_quote('', '[')url=http://www.usatoday.com/money/economy/inflation/2005-11-15-ppi-retail_x.htm?POE=NEWISVA]Wholesale prices surge in October, retail sales hold up (link)[/url]
WASHINGTON (Reuters) — Producer prices unexpectedly rose 0.7% in October as surging costs of natural gas and home heating oil outweighed cheaper gasoline, but prices outside of food and energy ticked lower, a government report showed on Tuesday.
Economists had expected October prices received by farms, factories and refineries to be flat after a roaring 1.9% gain the month before.
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Unexpected? Rise in US Wholesale Commodity Prices
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Unexpected? Rise in US Wholesale Commodity Prices
by BabyPeanut » Wed 16 Nov 2005, 09:55:58
God invented economists to make weathermen look good.
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Re: Unexpected? Rise in US Wholesale Commodity Prices
by FoxV » Wed 16 Nov 2005, 12:30:39
$this->bbcode_second_pass_quote('', '.')..October prices received by farms, factories and refineries...
Outside the volatile food and energy sectors however, so-called core producer prices declined 0.3% in October. Economist had forecast a 0.2% increase.
Outside the volatile food and energy sectors however, so-called core producer prices declined 0.3% in October. Economist had forecast a 0.2% increase.
boy am I ever glad that farms, factories and refineries don't use energy or process any food. Otherwise we'd be totally boned with an annualized 15.6% increase in PPI if they did.
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