Tuesday, June 24, 2008

Watch out: rising prices ahead

Dow Chemical announced across-the-board July price increases of up to 25% today. That follows on a similar hike of about 20% earlier this month.

Since Dow's products are used in the manufacture of just about everything, expect to see rising prices in the months to come.

Why? Oil prices are up 44% so far this year, and they're a primary input for Dow's business.

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