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June 14, 2006
Consumer Prices Continue To Climb
U.S. core consumer prices rose 0.3 percent in May, beating economists’ expectations. May was the third month in a row that consumer prices took a climb, leading to predictions that the Fed could again raise interest rates.
Consumer prices overall are 4.2 percent higher than a year ago, according to Labor Department statistics.
Meanwhile, wholesale prices on domestic apparel for girls and women increased by 0.5 percent in May, but were down 0.2 percent from a year ago. Wholesale prices for domestically produced boys' and men's apparel fell 0.3 percent in May, down by 1.3 percent from a year ago.
Posted by Blacks on June 14, 2006 09:17 AM
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