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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (74980)2/20/2008 9:07:31 PM
From: Elroy Jetson  Read Replies (2) of 116555
 
The Consumer Price Index rose at a higher than expected rate of 100,580.2% according to the Central Statistical Office (CSO).

The core rate of inflation, excluding food, remained well-anchored at a moderate 97,885.7%.

With at least 80 per cent of the population living below the poverty line, often skipping meals to stretch their income, the Government has introduced several measures to try and curb inflation, including imposing a ceiling on the prices of some goods and services and knocking three zeros off the country's currency.

smh.com.au
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