Wholesale prices jumped 1.9 percent in September, the Labor Department reported today, the sharpest monthly surge in 15 years. The culprit was soaring energy prices.
Prices for energy-related goods advanced 7.1 percent, compared with a 3.7 percent increase in August. The price of natural gas led the way with a startling 9 percent rise.
These cost bumps should be in place just in time to assure a miserable Christmas for all.
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