Showing posts with label PPI. Show all posts
Showing posts with label PPI. Show all posts

Thursday, April 22, 2010

Food prices soar

Food and energy prices soared last month, but since the Labor Department doesn't consider these items important in a household budget (sarcasm intended), it conveniently ignores these items when calculating the Consumer Price Index (CPI). The official reason for the omissions is price volatility. I'm thinking there are other reasons.

http://news.yahoo.com/s/ap/20100422/ap_on_bi_go_ec_fi/us_producer_prices_2