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Inflation rate is worst in 17 years
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by mtippett | January 16, 2008 at 11:08 am
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Troubling numbers on the economy today. Hopefully this doesn't signal stagflation:
WASHINGTON - Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.
The worst part about this is that rising gas and fast food costs disproportunately effect the poor.
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at 14:14 on January 16th, 2008
mtippett, you are so right, inflation hits now Europe with 3 %, we need a new economy model