Tuesday, February 1, 2011

Manufacturing costs are rising

From Reuters...
Costs to manufacturers are rising around the world, data showed on Tuesday, the latest evidence of growing inflation pressure from commodity prices as the global recovery gathers speed.

Inflation has hurtled to the top of the policy agenda in emerging markets and in Europe. But in the United States rising commodity prices are unlikely to lead to higher consumer prices and prompt the Federal Reserve to drop its easy-money policy.

Rising food and fuel prices have hit poorer countries and are one of the factors behind massive anti-government protests in Egypt and in Tunisia