Wednesday, July 16, 2008

Consumer prices shoot up in the US at the fastest pace in 26 years

You are in trouble if your credit card balances are rising, and if payments to your home loan exceed 28% (just say a third) of your income. If you owe debt on a home, you're in trouble. To resolve this you could try a zero-interest loan from friends or family.
clipped from

WASHINGTON - Consumer prices shot up in June at the fastest pace in 26 years with two-thirds of the surge blamed on soaring energy prices.

The Labor Department reported that consumer prices jumped 1.1 percent last month, much worse than had been expected. Energy prices rocketed upward by 6.6 percent, reflecting big gains for gasoline, home heating oil and natural gas.

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