Energy Costs Help Push Inflation Higher in Britain
Summary from multiple countries, from articles in English
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Alistair Darling on Wednesday came as close as any chancellor can to admitting that the government's own forecasts for growth and inflation - made with such optimism on Budget day just three months ago - are wrong. (article 6)
WASHINGTON - US home prices are only about halfway through their decline and most of the further erosion should occur this year, major bank economists said yesterday. (article 5)
The Labor Department reported Tuesday that its Producer Price Index, which measures the costs of goods before they reach store shelves, shot up 1.4 percent in May. (article 3)
That was up from a modest 0.2 percent rise in April and marked the biggest increase since November. (article 3)
Stripping out energy and food prices, which can swing widely from month to month, the "core" rate of inflation rose 0.2 percent in May, an improvement from the prior month's 0.4 percent increase. (article 3)
US producer prices jumped by more than expected in May, pushed higher by the soaring fuel and food prices that are hurting economies acround the world. (article 8)
Wholesale prices barreled ahead while housing and industrial activity faltered - a blend of high-costs and slow growth that ensures the Federal Reserve's most likely move on interest rates next week will be no move whatsoever. (article 1)
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Other summaries about this story:
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Story keywords
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inflation, Prices, Fed, percent, rates |
Source articles
- ABC News: Wholesale Prices Soar in May (ABCNews, 06/17/2008, 322 words)
- Wholesale prices jump in May (boston.com, 06/18/2008, 505 words)
- Wholesale prices bolt higher in May (seattletimes.nwsource.com, 06/17/2008, 657 words)
- Bernanke: Improving Health Care Is Critical Challenge (Washington Post, 06/18/2008, 497 words)
- Home prices apt to fall much more (boston.com, 06/18/2008, 358 words)
- Chancellor admits gloomier outlook (ft.com, 06/19/2008, 507 words)
- Energy Costs Help Push Inflation Higher in Britain (nytimes.com, 06/18/2008, 684 words)
- US producer prices up 1.4% in May (BBC News, 06/17/2008, 405 words)
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