More State of the Union – Economy

August 19, 2008 at 8:00 pm Leave a comment

Wholesale prices rising at fastest pace since 1981
Wholesale inflation surged by 1.2 percent in July, more than double what had been expected


WASHINGTON (AP) — Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday. 
WASHINGTON (Reuters) – Home building projects started in July fell 11 percent to the lowest annual rate in more than 17 years, while building permits tumbled 17.7 percent, the Commerce Department reported on Tuesday.

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