Tuesday, March 15, 2011

Import Prices in U.S.Increase by 1.4%

Prices of goods imported into the U.S. in February rose more than forecasted by Keynesian economists.

The 1.4 percent increase in the import-price index exceeded the 0.9 percent median forecast in a Bloomberg News survey and followed a 1.3 percent rise in January.

Projections in the Bloomberg survey of 51 economists included an idiotic forecast of a drop of 0.3 percent (Obviously someone who takes Paul "I'm worried about deflation" Krugman too seriously.)

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