In 2007, wholesale prices moved up 6.3 percent, compared with a 1.1 percent advance in 2006, according to the Bureau of Labor Statistics of the U.S. Department of Labor. The faster rate was attributable to food and energy prices. The index for finiahed energy goods surged 18.4% in 2007, after falling 2 percent a year earlier. Prices for consumer foods jumped 7.4 percent following a 1.7 percent rise in 2006.
Core inflation advanced 2 percent in 2007, the same as in the preceding year.
At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 6.8 percent in 2007 after moving up 2.8 percent in the prior year, while the crude goods index jumped 20.6 percent following a 4.7-percent decrease in 2006.
Wholesale …