Wsj 10/20 Presentations

The Economy Consumer Prices Jump 1.2% on Rising Energy Costs By Joi Preciphs 717 words 15 October 2005 The Wall Street Journal A2 English (Copyright (c) 2005, Dow Jones & Company, Inc.) Rising energy costs pushed consumer prices up 1.2% in September, the fastest acceleration in more than 25 years, and led consumers to spend more on gasoline and slight on cars, the government said. But a slew of reports on the economy Friday also showed that energy price increases arent -- yet -- boosting prices of new(prenominal) goods and services, and consumer expenditure on items other than cars and energy uprise in September. Separately, the Federal Reserve reported that industrial production dropped a sharp 1.3% in September, largely because of disruptions triggered by hurricanes Katrina and Rita and a charge at Boeing Co. The stock market held on to earlier gains Friday as investors apparently found solace in the fact that force inflation -- which excludes food and energy -- rose a subordinate 0.1% in September. That overall 1.2% increase in the Consumer Price mogul is likely to prompt Federal Reserve policy makers to keep on raising interest rates in the coming months.

The grate Department attri scarcelyed 90% of the rise to a record 12% jump in energy prices in September -- the threesome consecutive month of energy price increases. Gasoline prices rose 17.9% in September from August, and natural-gas prices climbed 12.1%, generating concern that consumers will curb their spending on other items. But while gasoline prices pang up, sales at the pump grew only 4% in September, according to the Commerce Department, indicating consumers made a major causal agency to conserve. Meanwhile, General Motors, Ford and DaimlerChrysler registered sales declines of more than 30% with the first nine selling days of October, compared with October 2004. The modest increases in core prices -- with the 0.1% rise in September and only 2% over the past 12 months -- have cheered many economists, but few expect it to... If you want to get a copious essay, order it on our website: Orderessay

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