Monday, May 21, 2007

Kuwait belies true US inflation?

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 (660 views)
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