Wholesale Prices Roar To A Two-Year High

Posted By on February 16, 2011

Producer prices in the U.S. climbed during January to their highest point in more than two years. And to think, the government says we have no inflation problem!

 

“We do not now have a problem…. Inflation made here in the US is very, very low”– Federal Reserve Chairman Ben S. Bernanke, February 10, 2011

 

Headline: Wholesale costs in the U.S. increased for a seventh consecutive month in January, led by higher prices for fuel.

 

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