Wholesale Inflation!

For the month of July wholesale inflation rose up by amazing 1.2 percent. Which in turn is making this the fastest rise in 27 years. The main reason for this is the high energy and other related costs. The expected rate increase in this are is around .02 to .05 percent, not 1.2 percent. The good news is that oil prices have dropped by more than $30 per barrel since then. And this only means the rising inflation will come down soon.

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This entry was posted on Tuesday, August 19th, 2008 at 9:06 am and is filed under Business, Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.