Results 1 to 9 of 9
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Hybrid View
-
01-16-2008, 10:43 AM #1
Inflation Rate Is Worst in 17 Years
This article is wrong first of all, higher energy and food prices does not cause inflation, that is the CAUSE of inflation, which is the devaluation of a currency that is thanks to the FED monetary policy, once again ROn Paul on the spot.
Why arent any of the CFR candidates addressing this?
http://ap.google.com/article/ALeqM5j...WS7zAD8U70HH00Inflation Rate Is Worst in 17 Years
By MARTIN CRUTSINGER – 59 minutes ago
WASHINGTON (AP) — Higher costs for energy and food pushed the inflation rate up by the largest amount in 17 years in 2007 even though prices generally remained tame outside of those two areas.
Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in 2006, with consumers especially feeling the pain when they filled up their gas tanks or shopped for groceries. Prices for both energy and food shot up by the largest amount since 1990.
For December, the Consumer Price Index rose by 0.3 percent, down from 0.8 percent in November, as food costs were flat for the month and energy prices rose by 0.9 percent after an even bigger 5.7 percent jump in November.


LinkBack URL
About LinkBacks





Reply With Quote
Reports of airport immigration arrests come amid increased...
07-30-2026, 05:26 PM in General Discussion