Sunday, January 16, 2011

Prices Are Rising Somewhere

Wholesale prices, especially those of food and energy, are on the rise. So says the BLS in there most recent release. Asha Bangalore of Northern Trust breaks down the numbers here. These higher prices should make Ben Bernanke sleep more easily. Indeed he is happy and said the economy is moving "in the right direction" with the threat of deflation falling. Thanks to Ben we are back to continually higher prices. By the way, consumer prices are rising too.

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