Morning News Friday June 15th 2007
General News: - CPI rose 0.7%, 0.6% was expected with a “core” rise of only 0.1%, indicating that inflationary pressures from the consumer side are still tepid. The CPI breakdown: - Food was up 0.3%. Dairy up 0.5% but fruits and veggies were down. - Housing rose 0.2%. Rents were flat while insurance fell 1.0%. - Apparel fell 0.3%, which represents the third straight drop. - Transportation rose 2.8%. The big surprise in Transport was the drop in public transportation, however. Vehicle prices dropped as well. - Medical was up 0.3%. The inflation in the Hospital industry remains a concern.…