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Economic Figures

Prices Up, Housing Contruction Drops

Tuesday, March 18, 2008 8:23:01 AM
By MARTIN CRUTSINGER

A grain transport truck is loaded up with corn, harvested in the fall of 2007, in Curran, Ill., Friday, March 14, 2008.  Food prices have come under pressure because of the increased demand for corn in ethanol production. (AP Photo/Seth Perlman)  WASHINGTON (AP) - Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months.

In another sign of troubles in housing, construction of new homes fell by a larger-than-expected 0.6 percent in February to an annual rate of 1.065 million units.

The Labor Department reported Tuesday that wholesale prices were up 0.3 percent last month, following an even bigger 1 percent jump in January.


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Other Economic Figures

Employers cut 533K jobs in Nov., most in 34 years 11:41AM CT
Banks borrow less, investment firms borrow more Dec 4 2008 3:34PM CT
New jobless claims drop unexpectedly Dec 4 2008 11:31AM CT
Factory orders drop more than expected in October Dec 4 2008 9:37AM CT
Fed: Economy darkens heading into holidays Dec 3 2008 1:05PM CT
New home sales fall to slowest pace since 1991 Nov 26 2008 10:50AM CT
October durable goods orders drop by 6.2 percent Nov 26 2008 7:55AM CT
Consumer spending down 1 percent in October Nov 26 2008 7:48AM CT
BHP Billiton abandons bid for Rio Tinto Nov 25 2008 3:47AM CT
Obama's Cabinet posts seem to be filling quickly Nov 22 2008 12:45PM CT

   

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