*Financial Times, by Daniel Pimlott, March 15, 2007
US producer prices add to inflation pressures
“US wholesale goods prices rose last month, adding unexpected inflationary pressure to the economy as the cost of energy rose sharply.
Producer prices rose by 1.3 per cent in February, more than the 0.5 per cent rise economists were expecting, after falling 0.6 per cent in January, according to data from the Labor Department’s producer price index.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
For 50 years, Monex has been America's trusted name in gold and other precious metals. With client transactions now totaling over $55 billion, Monex Deposit Company, established in 1987, is today America's premier precious metals dealer because of our dedication to customer service and satisfaction.