19 Mar 2009

2009 Consumer Price Inflation Off to a 4.3% Start

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Ladies and gentlemen, start your engines! I don’t trust the BLS’s “seasonal adjustments,” but at face value they say CPI rose 0.3% in January and then 0.4% in February, for an annualized rate of almost 4.3% for the new year. I think next year we will laugh that people were still worried about deflation at this late a stage.

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