Filed under: Industry, Consumer experience, Economic data, Housing
You don’t need to read the numbers to know that you are paying more to gas up your car. Gasoline prices have risen about 14% last month. The Labor Department reported that consumer prices rose 0.4% in November. The core rate that excludes food and energy was flat. The core rate is meaningless because food and energy are the key costs that affect all Americans.
The Commerce Department reported that new home construction rose 8.9% in November to a seasonally adjusted rate of 574,000 units. That was stronger than economists had predicted. Applications for new building permits were also up 6.0% to 584,000.
Continue reading Energy costs push consumer prices higher
Energy costs push consumer prices higher originally appeared on BloggingStocks on Wed, 16 Dec 2009 11:10:00 EST. Please see our terms for use of feeds.
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