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Tuesday, December 19, 2006

Inflation fears rekindled?

Inflation fears rekindled? The Labor Department threw a curve to analysts and economists this morning, as producer prices for November rose sharply. On the back of sharply higher gasoline and light truck prices, the November Producer Price index rose 2.0%, the fastest growth rate since the 1970's. The so called "core" index, which excludes the volatile food and energy sectors, produced gains of 1.3%. Read More.....