Home
Prices rising faster than any time in a decade
Houston News.Net
Tuesday 19th August, 2008
Wholesale inflation in the US soared in July.
Prices are now rising at the fastest pace in nearly three decades.
While oil and other commodity prices may have peaked, some economists are concerned about the widespread nature of the July price surge.
They believe it will take more time for that pressure to ease on Wall Street.
The Labor Department reported Tuesday that wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy and a variety of other products from motor vehicles to plastic goods.
The increase was more than twice the 0.5 percent gain that economists expected and left prices rising over the past 12 months by 9.8 percent.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Concentrated stem cells directly injected into patient's heart in new clinical trial
Washington, Nov 21 : For the first time, surgeons at the Methodist Hospital in Houston have injected highly-concentrated stem cells directly into a patient's heart, providing an intense, direct hit on damaged heart tissue. [read story]
- Gays died because Milk was killed, says Sean Penn
London, Nov 21 (IANS) Sean Penn believes that fewer gays would have died of AIDS if San Francisco city supervisor Harvey Milk hadn't been assassinated in his prime. [read story]
- Small-town store takes sick bet on Obama
A store in Standish, Maine, has come under fire after asking customers to place bets on an assassination of President-elect Barack Obama. [read story]
- US Attorney General fighting back after collapse
US Attorney General Michael Mukasey, who collapsed during a speech in Washington, has been recovering in hospital and is said to be conscious and alert. [read story]
- US Military to proceed with execution
The US military will execute a former Army cook on December 10th due to his guilt in murder and rape incidents. [read story]
|
|
 |
 |
|
|
|
Copyright © 1999-2008 Mainstream Media EC
All rights reserved
