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Manufacturers pinched as materials costs outrun product prices

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 06:02 PM
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Manufacturers pinched as materials costs outrun product prices
Prices of manufactured goods and raw materials rose less in July than in the previous four months but were still far higher, after a record-breaking oil price spike, than they were a year ago, Statistics Canada reported Friday.

The news is grim for Canadian manufacturers because prices they pay for materials are rising much faster than prices they get for goods leaving their plants.

http://www.cbc.ca/money/story/2008/08/29/producer-prices.html
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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 07:10 PM
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1. Law of the Receding Horizon... n/t
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