According to recent US government figures, inflation was only .2% in the month of April, and 'non-core' inflation (inflation minus those pesky food and energy bills) rose only .1% . Of course, food jumped a large .9%, which is the largest jump in 18 years.
According to a senior economist, “This is a fine inflation report if you don’t need to eat, drive or depend on your paycheck”.
Well, that's a relief. No need to worry folks, nothing to see here.
Thursday, May 22, 2008
Inflation Relief at Hand!
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