H
Harry Hope
Guest
From The Associated Press, 4/16/08:
http://www.newsday.com/business/nationworld/ats-ap_business14apr16,0,7532519.story
March consumer prices up, reflecting higher energy prices
By MARTIN CRUTSINGER | AP Economics Writer
WASHINGTON -
Inflation rose again last month, reflecting big jumps in the cost of
energy and airline tickets.
And the forecast is for even bigger energy-related increases to come,
including the possibility of $4 per gallon gasoline by Memorial Day.
Those inflation pressures are occurring just as the economy seems to
be sinking into a recession, with consumers cutting back on spending
and the housing industry, where all the troubles started, sinking
further.
That was the somber news from a batch of economic reports released
Wednesday that depicted an economy still struggling with multiple
problems from a prolonged slump in housing, soaring energy prices, a
severe credit crisis and rising unemployment.
___________________________________________________
Harry
http://www.newsday.com/business/nationworld/ats-ap_business14apr16,0,7532519.story
March consumer prices up, reflecting higher energy prices
By MARTIN CRUTSINGER | AP Economics Writer
WASHINGTON -
Inflation rose again last month, reflecting big jumps in the cost of
energy and airline tickets.
And the forecast is for even bigger energy-related increases to come,
including the possibility of $4 per gallon gasoline by Memorial Day.
Those inflation pressures are occurring just as the economy seems to
be sinking into a recession, with consumers cutting back on spending
and the housing industry, where all the troubles started, sinking
further.
That was the somber news from a batch of economic reports released
Wednesday that depicted an economy still struggling with multiple
problems from a prolonged slump in housing, soaring energy prices, a
severe credit crisis and rising unemployment.
___________________________________________________
Harry