And The Government Says Inflation Is WHAT?

[24/7 Wall St.]

24/7 Wall St. Daily News

Import prices surged in March and some of the price jumps are a record for modern trading history. Even the Labor Department's reputation for under-reporting inflation statistics can't mask the high inflation. Oil is only part to blame as non-petroleum costs broke many records. Overall import prices rose by +2.8% in March, after increasing an unrevised 0.2% in February. Economists were expecting import prices to be up by +2.1% in March. But it just goes from bad to worse. The year over year readings show that since March 2007, import prices have risen by a whopping +14.8%. Last year's "year...http://feeds.feedburner.com/~f/typepad/RyNm?i=8D8jfJG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=8D8jfJG) http://feeds.feedburner.com/~f/typepad/RyNm?i=y1C8ueG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=y1C8ueG) http://feeds.feedburner.com/~f/typepad/RyNm?i=MTmDoDg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=MTmDoDg)


complete story here... (http://www.247wallst.com/2008/04/and-the-governm.html)