|
PureBytes Links
Trading Reference Links
|
"Wholesale Prices Up on Energy Price Jump
By Glenn Somerville
WASHINGTON (Reuters) - *Higher costs for gasoline and home heating oil
helped push U.S. wholesale prices up at a faster-than-expected clip last
month*, the Labor Department (news - web sites) said on Friday, though
falling prices for imported oil since the Sept. 11 attacks may rein the
jumps in during coming months."
How do they get these numbers? Heating Oil down 15%, Gas down 13%, Crude
down 15%, Grains and other foods down big or flat.... It would
seem September PPI is really from August stats. Not that I trade the
report, but the #'s just seem WAY out of line.
BW
|