Index of Prices Hits Record High; the Economy Receives Another Inflation Warning From the Service Sector

Summary


NEW YORK (AP) - The economy received another inflation warning on Wednesday, when a survey of industry executives showed that energy costs drove prices higher in September while the service sector slowed.

The report reinforced expectations that the Federal Reserve would continue to raise rates as the economy struggles with rising fuel costs aggravated by Hurricane Katrina.

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Index of Prices Hits Record High; the Economy Receives Another Inflation Warning From the Service Sector

The Institute of Supply Management, which conducted the survey, said its non-manufacturing business ...

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