Inflation Booms

Bush Boom.

The government’s measure of inflation at the producer level rose sharply in February, reflecting a broad increase in prices on everything from gasoline to cigarettes.

The Labor Department said today that its producer price index, which takes account of the prices businesses charge one another, rose 1.3 percent last month after falling 0.6 percent in January. The rise was a reminder that while inflation may have settled down somewhat, it still remains a significant threat to the economy.

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