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Automobiles

GM is the latest automaker to raise prices

By Dr. Duru #General Motors, #GM

General Motors (GM) became the latest automaker to announce a price increase. Bloomberg reports that GM is raising prices 0.4% (about $123 per car). Toyota and Ford announced comparable price hikes over the past three weeks. GM blames higher commodity prices for the increase.

The stock is currently trading at a post-IPO low.

GM has traded downward for almost all of 2011
GM has traded downward for almost all of 2011

Disclosure: author owns shares in GM

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Thanks for considering Inflation Watch as a part of your education on economics and the dynamics of prices in the economy.

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By Dr. Duru

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