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Transcript: Inflation A Growing Threat As Producer Prices Jump
- Article from:
- NPR Morning Edition
- Article date:
- August 19, 2008
- Author:
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RENEE MONTAGNE
NPR Morning Edition
08-19-2008
Inflation A Growing Threat As Producer Prices Jump
Host: RENEE MONTAGNE
Time 11:00-12:00 PM
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RENEE MONTAGNE, host:
NPR's business news starts with the latest on inflation.
It's not so good. The government is reporting this morning that prices companies pay for goods and services jumped unexpectedly again in July. Wholesale prices had a similar large rise in June. And this is grim in some ways because it means the Federal Reserve has less flexibility to keep interest rates low and encourage the economy to grow.
The news came on the same day that the government reported a continuing slump in the housing market. The Commerce ...