Greenspan made a big speech last night in Japan on energy, implying that inflation will not be the same problem as the oil driven one in the 70's. This data just in might contradict that statement.
Oct. 18 (Bloomberg) -- U.S. producer prices rose in September by the most in 15 years after Hurricane Katrina pushed oil and gas prices to record highs and drove up costs of other raw materials, a government report showed today.
The 1.9 percent increase in prices paid to factories, farmers and other producers followed a 0.6 percent increase in August, the Labor Department said today in Washington. The core measure, which excludes food and fuel, rose 0.3 percent after no change in August.
Oct. 18 (Bloomberg) -- U.S. producer prices rose in September by the most in 15 years after Hurricane Katrina pushed oil and gas prices to record highs and drove up costs of other raw materials, a government report showed today.
The 1.9 percent increase in prices paid to factories, farmers and other producers followed a 0.6 percent increase in August, the Labor Department said today in Washington. The core measure, which excludes food and fuel, rose 0.3 percent after no change in August.
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on Tuesday, October 18, 2005 at 5:49 AM.
