Monday, May 21, 2007
Kuwait belies true US inflation?
FT.com: Kuwait abandons peg to sliding US dollar
Interesting implication in this article:
"the country would revert to a basket of currencies to prevent the sliding dollar increasing the cost of imports, which has stoked inflation to more than 4 per cent"
I'm no expert, but if a currency pegged to the dollar has inflation over 4%, does that imply tha US inflation is over 4% - and does that imply that UK inflation is similar?
Few need convincing that CPI is a joke, (either side of the pond) but this may be a tangible indicator.
Posted by dohousescrashinthewoods @ 02:12 PM (327 views) Add Comment
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