Inflation roars back with 2 percent wholesale price jump

[Jcrowley]

Inflation roars back with 2 percent wholesale price jump
Dec 19 10:01 AM US/Eastern

US inflation made a surprise comeback in November with a surprising 2.0 percent rise in wholesale prices, the biggest monthly jump in 30 years, the government has reported.

The Labor Department's producer price index (PPI) was far ahead of Wall Street expectations of a 0.5 percent rise and showed strong increases in a wide range of goods.

The core index, which excludes volatile food and energy prices, was up 1.3 percent -- the largest increase in more than 25 years -- against expectations of a 0.2 percent rise.

The surprise jump in prices challenges expectations from economists and the Federal Reserve that inflation is under control.

http://www.breitbart.com/news/2006/12/19/061219150056.i0vmpzp9.html

[JNelson6563]

1. Just hang in there!

High prices don't matter, soon the gubberment will revise these numbers and you'll see then, everything's A-OK!

:sarcasm:

Julie

[Double T]

6. Wouldn't want to include food and energy that would give 'US'...........

the REAL DOUBLE DIGIT inflation rate. Looks like the helium filled economic 'bush boom' just went 'kaboom'. corporate america's greed just can't restrain itself.

[AndyA]

2. Yer doin' a heck of a job, Bushie.

Everything is so great in America under your leadership.

Conservative values are making a comeback, which protects the freedoms and rights of all Americans equally.

Integrity has returned to the White House.

We have had the hardest working Congress ever.

Lots of new bills to help Americans protect their health and welfare have passed.

Our deficit is zero, and we have a surplus of money to do good things with.

There is Peace on Earth.

And goodwill toward others.

Bipartisanship is at an all-time high.

Inflation is under control.

Unemployment is almost gone.

Everyone has health care.

Lots of high paying new jobs are being created.

GDP is growing at a very respectable rate, as are housing, manufacturing, and consumer confidence.

George Bush is one of the best loved pResidents of all time: polls show 85% approve of the job he's doing.

Yes indeed, everything is just great in America. We sure want to keep the GOP in charge, they've done such a good job running things and looking after our interests. :eyes:

:sarcasm:

[twilight_sailing]

3. All you have to do is look around

It's easy to see.

[aquart]

4. Not a surprise to anyone who's entered a supermarket.

Obviously, the economists at the Fed send their maids.

[Rainscents]

5. I would really like to see

REAL number of inflation since Bush took office. They been cooking the book for past 6 years, who really know?

[truthisfreedom]

7. There's no doubt in my mind why this happened. They've been cooking the books so hard in the run up

to the election that it had to catch up to them sometime. Our government is being run by a mafia.

[CountAllVotes]

8. can't disagree with what you say!

I do believe you've nailed it!

:kick:

[DavidDvorkin]

9. We just need a surge

A surge will solve this problem and defeate the enemy.

Hmm. What kind of surge could that be?

I know! A new round of tax cuts for the rich!

[unblock]

10. it's not up 2.0%. it's up an annualized 26.8% !!!!!

notice that they usually tell you the annualized rate. e.g., a tiny 0.2% increase means a mere 2.4% annual inflation.

but with the news of a single-month 2.0%, suddenly no one dares to report the annualized rate, that would look WAY too bad!

for math geeks, that's 1.02^12=1.268

[Bozita]

11. The dollar is dropping. Now, what were those Euro can't-misses?

ABD

Anything But Dollars

[ribrepin]

12. Kick--This is an important story

They are admitting that there's inflation. Like my pocketbook hasn't known it for awhile. By tomorrow they will spin it as good for the economy. It isn't.