Thursday, September 13, 2012

Wholesale Inflation Surges Most in Three Years

from WSJ:
WASHINGTON—U.S. wholesale prices in August posted the largest one-month gain in more than three years, fresh evidence that advancing energy costs could create inflation pressures.
Meanwhile, the number of U.S. workers filing applications for jobless benefits rose last because of the fallout from Tropical Storm Isaac, which hit several Gulf Coast states late last month.
The producer-price index, which measures how much manufacturers and wholesalers pay for finished goods, increased a seasonally adjusted 1.7% in August from a month earlier, the Labor Department said Thursday. The biggest gain since June 2009 was largely a result of energy prices rising 6.4%