Wow! Big pop in inflation last month: July CPI rose 0.8% headline, 2X consensus expectations as food, energy, airline fares and — of all things, clothing apparel — rose in price. Energy prices rose sharply in July, tagging on another 4%; gasoline gained 4.1%, while natural gas surged 7.4%. Food prices saw a 0.9% rise, and “food at home”increased 1.2%. More

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Posted by markw, filed under Economy. Date: August 14, 2008, 2:31 pm |

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