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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Mike Johnston	1/18/2007 12:03:32 PM
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Which country is Bernanke talking about ? WASHINGTON (Dow Jones)--Federal Reserve Chairman Ben Bernanke said Thursday that consumer price index figures overstate annual inflation by up to one percentage point. "We do think...that standard CPI does overstate true inflation - if we could measure true inflation - by some amount between one-half and one percentage point," Bernanke said at a Senate Budget Committee hearing. The government said Thursday that the CPI rose 0.5% in December, capping a 2.5% rise for all of 2006. Excluding food and energy, the CPI rose 0.2% on the month and 2.6% for the year.

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