Inflation Still Dogging Economy
July 18th, 2007
Tweet
From Wescorp: “Inflation Moderate, Housing starts up – CPI was slightly higher than expected at 0.2%. The report showed that energy prices fell, gas prices dropped, food prices rose, housing costs rose, apparel dropped and autos were unchanged. Core CPI (ex food & energy) was also 0.2% bringing the y-o-y reading to 2.2%. Builders unexpectedly started construction on more homes in June while their permits for future construction fell (1406K vs. 1501K prior reading).”
For the full commentary click here.
-- By Chris Duncan
