Business Services Industry
Utah cost of living declines; uncertainty clouds economic future.
Knight Ridder/Tribune Business News, July, 2004
By Bob Mims, The Salt Lake Tribune Knight Ridder/Tribune Business News
Jul. 17--Lower gasoline and grocery prices lessened Utahns' cost of living in June, but Iraqi turmoil and continued terrorism remain wild cards ruling the economic future of both state and nation.
Noting that crude oil prices have once more topped $40 a barrel, due in part to oil tanker traffic to Iraq being restricted by terror fears, experts said Friday that resulting higher gasoline prices at America's filling stations could blunt an otherwise briskly growing economy.
"Where do we go from here? I don't think anybody has a clue," said Kelly K. Matthews, Wells Fargo executive vice president and economist.
June's Wasatch Front Cost of Living Index dipped...
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