(Reuters) - Crude oil and natural gas are key raw materials used by the
chemicals industry. Prices of both these commodities, despite
having retreated from historic highs last year, have more than
doubled over the last five years.
Energy costs, along with food, are excluded from underlying
or "core" U.S. inflation measures which are closely watched by
Federal Reserve, but high crude oil and natural gas prices
could yet indirectly impact core consumer price inflation,
economists said.
Read more at Reuters.com Bonds News
chemicals industry. Prices of both these commodities, despite
having retreated from historic highs last year, have more than
doubled over the last five years.
Energy costs, along with food, are excluded from underlying
or "core" U.S. inflation measures which are closely watched by
Federal Reserve, but high crude oil and natural gas prices
could yet indirectly impact core consumer price inflation,
economists said.
Read more at Reuters.com Bonds News
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