Food prices lift wholesale prices | Forum

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licy Jul 11
WASHINGTON -- Inflation at the wholesale level soared in February Cigarettes Brands, pushed higher by gasoline and other energy prices and the largest increase in food costs in more than three years. The Labor Department reported that wholesale prices surged 1.3 percent . That was the biggest increase since November and more than double the 0 How Many Packs Of Cigarettes Are In A Carton.5 percent gain analysts had expected. Cost pressures also showed up in higher prices for cigarettes, alcoholic beverages, appliances, and children's toys and games, which rose at the fastest clip in more than two decades. The core inflation rate, which excludes food and energy, climbed by 0.4 percent, more than forecast and double the January gain. The worrisome inflation news comes as the economy struggles to deal with the effects of a steep slump in housing and widespread layoffs in autos and other manufacturing industries. Normally, the Federal Reserve would consider cutting interest rates to bolster a faltering economy Cheap Cigarettes Near Me. But analysts said the increased inflationary pressures make rate cuts highly unlikely when the central bank meets next week. "There is still a degree of inflation in the economy and that supports the Fed's policy of not easing in response to the softer economic data we have been seeing Pack Of Cigarettes," said Robert Dederick, chief economist at RGD Economics, a Chicago-based consulting firm. A separate report showed that the labor market seems to be regaining its balance. The number of laid-off workers filing for unemployment benefits dropped by 12,000 last week to 318 Buy Tobacco Online,000.
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