search query: @indexterm COMMODITY PRICES / total: 32
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| Author: | McNamee, M. |
| Title: | A case of the shakes |
| Journal: | Business Week
1996 : APR 22, VOL. 3456:786, p. 28:29 |
| Index terms: | ECONOMICS COMMODITY PRICES USA |
| Language: | eng |
| Abstract: | Despite wage and commodity hikes, inflation fears are overblown. Gasoline prices post new highs, while the cost of heating oil spikes. In Chicago's futures pits traders bid corn prices to record levels. Philip Morris Cos., the world's biggest tobacco company, tacks 4c more a pack onto its U.S. cigarettes. And another strong employment report - business added 140,000 jobs in March - hints at new pressure to hike wages. Is inflation coming back? Wall Street certainly seems to think so. Although the consumer price index has risen at a rate of just 3% or less for five straight years, financial markets act like inflationphobes at the first hike in a price. |
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