February 18, 2005

THE INFLATION RATE jumps at its fastest pace in a decade within the core of producer prices:
Annual growth in the core Producer Price Index accelerated to 2.7 percent, its fastest clip since 1995, and follows signs of gathering pressures from import prices. Just two days ago, Fed Chairman Alan Greenspan expressed concerns that the lower dollar was finally starting to feed through to inflation.
Posted by Greg Ransom