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Inflation
Posted by PT (more from PT) on Thu, 21 Feb 2008 18:34:11
In Reply to: Tell me about it!, AeroBaron, Thu, 21 Feb 2008 16:56:55
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I estimate construction projects. Inflation has been all over the place on certain commodities in the last few years. It can't but have hurt the auto manufacturers, since raw steel jumped about $1,000 a ton 4 years ago when the Chinese started buying every ounce they could get their hands on. Aluminum, copper, stainless have been yo-yoing regularly. And, with oil at $100 a barrel, everything goes up. There has also been significant wage escalation for a couple of years, which seems to be slowing again. Food has seen a sizable increase - I'm betting 50% in the last 4-5 years. As Henry Ford said, "There are lies, damn lies, and then there's statistics".
posted by 71.248.16...
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