Tags: inflation | wholesale | up

Wholesale Inflation Up More than Expected

Tuesday, 15 Dec 2009 09:18 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON – Inflation at the wholesale level surged in November, reflecting price jumps in energy and other products. The bigger-than-expected increase is certain to raise the attention of Federal Reserve policymakers beginning a two-day meeting on interest rates.

The Fed has been able to keep interest rates at record-low levels to bolster the shaky recovery, but if inflation pressures begin to mount, the central bank could be forced to start raising rates sooner than expected.

The Labor Department says wholesale prices jumped 1.8 percent in November, more than double the 0.8 percent gain analysts expected. Core inflation, which excludes energy and food, rose 0.5 percent, the biggest increase in more than a year.


Special: Get Sarah Palin’s New Book – Incredible FREE Offer -- Click Here Now.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Jeff Sessions to House GOP: Reject Obama's $3.7B Border Request

Tuesday, 22 Jul 2014 21:54 PM

Sen. Jeff Sessions on Tuesday urged House Republicans to reject President Barack Obama's $3.7 billion emergency request  . . .

Kingston-Perdue GOP Sen. Runoff Neck-and-Neck in Georgia

Tuesday, 22 Jul 2014 21:36 PM

A drawn-out, nine-week Republican runoff campaign between 11-term Georgia Rep. Jack Kingston and former Fortune 500 chie . . .

Law Officers Rip DC Gridlock in Immigration Crisis

Tuesday, 22 Jul 2014 21:26 PM

Two of the nation's top law-enforcement officials on the front lines of the illegal immigration crisis on Tuesday slamme . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved