By Tom Ozimek
The Epoch Times
A new report by the New York Federal Reserve showed that May manufacturing prices in New York state soared to record highs, providing yet another data point in support of the view that more consumer price inflation may be on the horizon.
The monthly Empire State Manufacturing Survey, released Monday, shows that both input prices and selling prices rose at a record-setting pace in May. The survey’s prices paid index hit a record 83.5 in May, while the prices received index rose to 37.1, also the highest level in the history of the series.
Click the link below to read the rest of this story.(Premium Content)
Click here to get more news from the Bulldog
On the go, but don’t want to miss any Bulldog news? Go to the App Store and downloads apps for Bulldog Reports and The Bulldog Show to your Apple and Android mobile devices. It’s free!
