Besides the unemployed, nobody is getting hurt worse in this economy than seniors. Prices on many commodities are skyrocketing, but the Consumer Price Index, which is the yardstick used to adjust Social Security for inflation,…
Cotton prices jumped to a record high on Friday on strong Chinese demand and the prospect of reduced supply.
In New York, ICE December cotton futures touched 119.80 cents a pound, the highest price since 1995, The Financial Times reported.
Rising cotton prices will mean higher clothing prices, especially in low-cost items such as t-shirts and underwear. Jeans-maker Levi Strauss has…
Continue reading Cotton Prices Jump to Record High
Cotton Prices Jump to Record High originally appeared on DailyFinance on Fri, 15 Oct 2010 06:26:00.
Filed Under: Green, Retail, Market News