Thursday, October 30, 2008

A Little More on Inflation

It may seem a little passe to look at inflation while deflation is all the rage, but I took a peek at CPI for the first nine months of 2008. Averaging the quarterly rates, inflation according to the CPI was running at 5.42% for this year. Some critics state that CPI understates actual inflation, so these critics would be very curious about the GDP Deflator.

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