Wednesday, January 16, 2008

Inflation is back

Higher Gasoline and Food Costs Push Inflation Up by Largest Amount in 17 Years

We are seeing a new jump in prices with high fuel costs driving up other costs. For example it costs more to transport an item so that drives up the cost. Also plastic is made from oil so it goes up in cost.

We will see more prices rise as oil shoots aove $100/b.

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