Wednesday, July 16, 2008

Fed in a hole

US inflation rate at 26-year high

US inflation accelerated at the fastest rate in 26 years during June, pushed higher by surging energy prices, official figures have shown.

Posted by holding out @ 02:04 PM (911 views)
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7 thoughts on “Fed in a hole

  • their cpi is worse than ours
    it doesen’t include food and fuel

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  • Bananasplit says:

    Perhaps Alistair D could offer some advice with regard to not putting more duty on fuel, we have saved 0.80 pence per week, thankyou very much Mr darling we can offset the price off the eggs we like, Burford browns up from £1.39 to £2.05 for 6.

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  • Albertini Albertino says:

    Hmm – 1.1% in a month. That’s 13.2% "annualised", isn’t it?

    Still, 1.1 sounds smaller.

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  • little professor says:

    CPI 5%, and rising sharply. Meanwhile average wages fell by 0.9% in the last month. The US is rapidly becoming a very poor nation.

    Mind you, still looks like a feeble inflation rate, compared to Zimbabwe’s official figures revealed today: 2,200,000%!

    It was only 165,000% earlier this year.

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  • Stone me! We never thought this would happen when the FED slashed their rates back along.

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  • Ccamper…

    indeed. So what should Merv and the MPC gang do next. Slash rates like all the VIs want, or buckle up for a bumpy ride and raise our own.

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