Thursday, August 14, 2008

U.S. Inflation Hits 17-Year High

It's oil folks. From production through processing and transportation it's all oil.

U.S. Inflation Hits 17-Year High As Increases Move Beyond Food, Oil By BRIAN BLACKSTONE August 14, 2008 9:15 a.m.

WASHINGTON -- U.S. inflation soared to a 17-year-high annual rate in July, a government report showed, led by gains in food, energy, airline fares and apparel.

Separately, the number of U.S. workers filing new claims for unemployment benefits fell slightly as expected last week but remained at high levels consistent with a rapid erosion in labor markets.
Now lets see if the Republicans can levy blame on those that are responsible for ignoring that issue.

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